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, July 8, 2024
Stock photo of an oil tanker moored at sea
Shipping

Russian Oil Deliveries Keep Getting Cheaper Despite Sanctions

By Alex Longley (Bloomberg) — Group of Seven sanctions aimed at depriving the Kremlin of petrodollars are failing in one of their key objectives:

July 8, 2024
Total Views: 1991

Sunday, July 7, 2024
Sahand Destroyer. Photo: Iranian Army
Incidents

Iran’s Sahand Warship Capsizes

By Arsalan Shahla Jul 7, 2024(Bloomberg) –Several people were injured in an accident during repair work on Iran’s Sahand destroyer, the

July 7, 2024
Total Views: 49190

Saturday, July 6, 2024
Centerm Expansion Project Port Vancouver. Photo courtesy Port of Vancouver
Ports

Foremen At BC Port Give DP World Canada 72-Hour Strike Notice

By Layan Odeh Jul 6, 2024(Bloomberg) –A union representing ship and dock foremen in British Columbia has issued a 72-hour strike notice against DP

July 6, 2024
Total Views: 1367

Friday, July 5, 2024
Waves crash as Hurricane Beryl strikes, in Playa del Carmen, Mexico, July 5, 2024. REUTERS/Jose Luis Gonzalez
Marine Weather

Beryl Rakes Mexico on Potential Path to Texas

By Brian K. Sullivan and Peter Millard (Bloomberg) — Tropical Storm Beryl’s winds weakened as it battered Mexico’s Yucatan Peninsula after leaving a

July 5, 2024
Total Views: 1619

oil tanker
Shipping

Supertankers Find New Trade After Houthi Ship Attacks

By Alex Longley and Jack Wittels (Bloomberg) — Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in

July 5, 2024
Total Views: 6869

Wednesday, July 3, 2024
The Indian Navy rescues the MV RUEN in the Indian Ocean off the coast of Somalia, March 16, 2024. Photo courtesy Indian Navy
Piracy

Houthi Attacks Fuel Resurgence of Somali Piracy

By Simon Marks (Bloomberg) — Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups

July 3, 2024
Total Views: 2408

A child looks on towards China's Xiamen city from the coast in Kinmen, Taiwan February 21, 2024. REUTERS/Ann Wang
Shipping

China’s Seizure of Taiwan Fishing Boat Risks Inflaming Tensions

By Cindy Wang, Yian Lee and Foster Wong (Bloomberg) — China detained a Taiwanese fishing boat and its crew, a move that risks worsening tensions with

July 3, 2024
Total Views: 1744

Tuesday, July 2, 2024
superyacht
Shipping

Scientists Are Turning to Superyachts to Boost Ocean Research

By Laurel Chor (Bloomberg) — For almost two years, Robert Brewin collected data from the bow of a superyacht as it sailed pristine waters from the

July 2, 2024
Total Views: 1507

Monday, July 1, 2024
Danger mines sign is pictured at an empty beach, as Russia's invasion of Ukraine continues, in Odesa, Ukraine, March 26, 2022. REUTERS/Nacho Doce
Shipping

Black Sea Mine Removal Initiative Aims to Secure Ukraine Exports Path

By Selcan Hacaoglu (Bloomberg) — Turkey, Romania and Bulgaria joined forces to hunt mines in the Black Sea, a move aimed at improving shipping safety

July 1, 2024
Total Views: 1430

An EUNAVFOR warship escorts a merchant vessel in the Red Sea
Shipping

Shipping ‘Tonne-Miles’ Leap Most Since 2010 After Red Sea Attacks

By Eleanor Thornber and Alex Longley (Bloomberg) — A gauge of global sea transport is heading for its biggest annual jump since 2010 after attacks in

July 1, 2024
Total Views: 1461

Maersk Withdraws DB Schenker Bid
Shipping

Maersk Withdraws DB Schenker Bid

By Eyk Henning, Dinesh Nair and Sara Sjolin (Bloomberg) — A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn

July 1, 2024
Total Views: 1855

Friday, June 28, 2024
lng carrier
Shipping

After Oil, Russia May Now Be Building a Shadow Fleet for Gas

(Bloomberg) — In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to

June 28, 2024
Total Views: 960

Thursday, June 27, 2024
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
Shipping

Canada Finds It’s Cheaper to Ship Oil Via Stop in California

(Bloomberg) — Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California

June 27, 2024
Total Views: 2825

Wednesday, June 26, 2024
Barbours Cut Container Terminal aerial photo. File Photo courtesy Port Houston
News

U.S. Industries Fearing a Port Strike Urge Biden for Help

(Bloomberg) — Dozens of US industry associations urged the White House to help restart stalled talks between East and Gulf coast dockworkers and port

June 26, 2024
Total Views: 1269

Tuesday, June 25, 2024
Chinese Coast Guard vessels fire water cannons towards a Philippine resupply vessel Unaizah May 4 on its way to a resupply mission at Second Thomas Shoal in the South China Sea. REUTERS/Adrian Portugal
Shipping

China’s Ax-Wielding Coast Guard Tests Limits in South China Sea

By Philip J. Heijmans (Bloomberg) — The latest South China Sea clash saw China’s coast guard wielding axes and a Philippine sailor lose his thumb in

June 25, 2024
Total Views: 2673

FILE PHOTO: Dragline excavators stand at the construction site of a new Chinese mega port, in Chancay, Peru August 22, 2023. REUTERS/Angela Ponce/File Photo
Ports

Peru Concedes in Port Spat with China COSCO

By Marcelo Rochabrun (Bloomberg) — Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port

June 25, 2024
Total Views: 4299

Monday, June 24, 2024
Houthi Attacks on Commercial Shipping Ramp Up and Get Deadlier
Shipping

Houthi Attacks on Commercial Shipping Ramp Up and Get Deadlier

(Bloomberg) — Houthi militants are attacking commercial ships off Yemen with increasing — and sometimes deadly — effectiveness, exposing the limits

June 24, 2024
Total Views: 2129

Saturday, June 22, 2024
US Navy destroyer firing a VLS missile in the Red Sea
Navy

Stavridis: Red Sea Response Is Anemic And Indecisive

According to Admiral Stavridis, former Supreme Allied Commander of NATO, the Western response to the Red Sea conflict has been “anemic, indecisive, and

June 22, 2024
Total Views: 3335

Friday, June 21, 2024
Port of Singapore
Shipping

Singapore Port Logjam Lingers as Container Ships Keep Piling In

By Yongchang Chin (Bloomberg) — The logjam that’s been plaguing Singapore’s container port is bringing forward this year’s peak season for the

June 21, 2024
Total Views: 2256

An EUNAVFOR warship escorts a merchant vessel in the Red Sea
Defense

Fending Off Houthis Requires Double the Fleet, EU Force Says

By Simon Marks (Bloomberg) — A naval force deployed by the European Union to protect vessels in the Red Sea needs to more than double in size because of

June 21, 2024
Total Views: 1771