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
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.
By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an
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
(Bloomberg) — Damage to an undersea cable off the African coast is exacerbating disruptions of internet services to the continent, impacting
By Rakesh Sharma and Julian Lee (Bloomberg) — India has granted marine insurance approval to four Russian firms, adding impetus to Moscow’s efforts to
The Biden Administration has announced a first-of-its-kind national goal to transition the freight sector—including the marine sector—to zero emissions.
(Bloomberg) — The Biden administration is taking steps to jump-start the fledgling offshore wind sector, outlining a five-year leasing plan that would
By Philip Heijmans (Bloomberg) — This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas
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,
(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
(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence
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
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
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
(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
(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
(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.
(Bloomberg) — President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela, ending a six-month reprieve, if Nicolas Maduro’s
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
(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
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
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