Bloomberg

Bloomberg News is a global newsroom covering markets, economics, policy, energy, commodities, and international trade. gCaptain republishes select Bloomberg reporting under a syndication license when stories are relevant to shipping, ports, and offshore sectors. Bloomberg stories on gCaptain are clearly labeled and may be edited for house style and format while preserving the original reporting.


Monday, April 29, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

G7 Price Cap on Russian Oil ‘Increasingly Unenforceable’, Insurers Warn

By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an

April 29, 2024
Total Views: 1009

Sunday, April 28, 2024
File photo of an oil tanker at sea
Shipping

Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance

By Alex Longley and Sanne Wass (Bloomberg) –A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents

April 28, 2024
Total Views: 4278

Friday, April 26, 2024
Mauritius/Reunion map
News

Subsea Cable Damage Cuts Internet to Islands Off Africa Coast

(Bloomberg) — Damage to an undersea cable off the African coast is exacerbating disruptions of internet services to the continent, impacting

April 26, 2024
Total Views: 2237

Thursday, April 25, 2024
tanker at sea
Shipping

India Grants Marine Insurance Approval for Russian Firms

By Rakesh Sharma and Julian Lee (Bloomberg) — India has granted marine insurance approval to four Russian firms, adding impetus to Moscow’s efforts to

April 25, 2024
Total Views: 1211

Wednesday, April 24, 2024
port of long beach truck gates
Shipping

Biden Administration Sets Sights on Zero-Emissions Freight Sector

The Biden Administration has announced a first-of-its-kind national goal to transition the freight sector—including the marine sector—to zero emissions. 

April 24, 2024
Total Views: 966

aerial of an offshore wind turbine
Offshore

New US Effort to Lift Offshore Wind Features Turbines in Pacific

(Bloomberg) — The Biden administration is taking steps to jump-start the fledgling offshore wind sector, outlining a five-year leasing plan that would

April 24, 2024
Total Views: 796

Tuesday, April 23, 2024
A Chinese Coast Guard ship is seen blocking the direction of a Philippine Coast Guard ship conducting a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal
Shipping

China’s Ships Are Winning the Battle for Energy in South China Sea

By Philip Heijmans (Bloomberg) — This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas

April 23, 2024
Total Views: 16174

wheat bulk ship
Shipping

Second Egypt Wheat Ship Stuck in Russia Sails After 3-Week Wait

By Abdel Latif Wahba and Áine Quinn (Bloomberg) — An Egyptian wheat ship has been allowed to sail after waiting three weeks for the correct paperwork,

April 23, 2024
Total Views: 1650

Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

Oil Market Sees Iran Sanctions Having Muted Export Impact

(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t

April 23, 2024
Total Views: 583

Monday, April 22, 2024
aerial of an offshore wind turbine
Offshore

How a Turbine Put The Brakes on NY Offshore Wind Projects

(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence

April 22, 2024
Total Views: 6377

Sunday, April 21, 2024
Oil tanker in Ningbo Zhoushan port
Shipping

Oil Supertankers Headed For China Jump To The Highest In A Year

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

April 21, 2024
Total Views: 7060

Aviva_Hudson_NY1. Photo by Acroterion via wikipedia.
Shipping

Joe Lewis’ $250 Million Yacht Sets Sail After He Pays US Fine

By Ben Stupples and Ava Benny-Morrison (Bloomberg) –Joe Lewis’ superyacht is on the move again after spending most of the past year holed up in a

April 21, 2024
Total Views: 9904

Indonesia seizes Iranian flagged tanker suspected of illegal oil transshipment in Indonesia's North Natuna Sea. Picture released July 11, 2023. Indonesia's Maritime Security Agency (Bakamla) / Handout via REUTERS
Shipping

New Iran Oil Sanctions Passed By US House In Foreign Aid Package

By Ari Natter (Bloomberg) –The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure

April 21, 2024
Total Views: 1541

Friday, April 19, 2024
Biden to survey collapsed Baltimore bridge, meet families of workers who died. REUTERS/Nathan Howard
News

Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure

(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to

April 19, 2024
Total Views: 2276

Thursday, April 18, 2024
Smoke rises from Marlin Luanda, merchant vessel, at the location given as Gulf of Aden.
News

Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions

(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the

April 18, 2024
Total Views: 1698

tanker at sea
Shipping

Pop-Up Russian Oil Traders Emerge As US Tightens Sanctions Grip

(Bloomberg) — As the US intensifies sanctions pressure on Moscow, Russia’s crude trade with India has begun to resemble a game of oil whack-a-mole.

April 18, 2024
Total Views: 657

Wednesday, April 17, 2024
Oil tanker Kerala, chartered by Chevron, is loaded in the Bajo Grande oil terminal at Maracaibo Lake, in the municipality of San Francisco, Venezuela, January 5, 2023. REUTERS/Isaac Urrutia
Shipping

US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly

(Bloomberg) — President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela, ending a six-month reprieve, if Nicolas Maduro’s

April 17, 2024
Total Views: 1696

An official slides down a rope during a helicopter raid on MSC Aries ship at sea in this screen grab obtained from a social media video released on April 13, 2024. Video obtained by Reuters/via REUTERS
Shipping

Seized Ship’s Cargo Reveals Impact of Iran Tensions on Global Trade

By Brendan Murray and Alex Tanzi (Bloomberg) — The MSC Aries wasn’t much different from the other 7,000 container ships plying the high seas, until it

April 17, 2024
Total Views: 10154

Tuesday, April 16, 2024
BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers
Offshore

BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers

(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil

April 16, 2024
Total Views: 1098

Sunday, April 14, 2024
A French Navy warship escorts a CMA CGM containership in the Red Sea. Photo courtesy French Forces
Navy

Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion

By Enda Curran, Natalia Drozdiak and Bhargavi Sakthivel (Bloomberg) A new era of global rearmament is gathering pace, and it will mean vast costs and some

April 14, 2024
Total Views: 2830