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Thursday, July 20, 2023
General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain.
Energy

Key UK Offshore Wind Project Axed in Blow to Climate Plans

(Bloomberg) — Vattenfall AB halted the development of an offshore wind project in the UK after costs surged, posing a major setback for a key part of

July 20, 2023
Total Views: 2374

Wednesday, July 19, 2023
Grain ship in Ukraine
Shipping

Wheat Prices Spike as Russia Issues Warning to Ships

By Áine Quinn, Megan Durisin and Michael Hirtzer (Bloomberg) — Wheat futures soared as much as 9%, the biggest jump since 2012, as Russia threatened

July 19, 2023
Total Views: 862

oil tanker vlcc ship shipping
Shipping

Russia Sends Oil Through the Arctic Again to Speed Up Delivery to China

(Bloomberg) — Russia is sending a rare cargo of crude oil through the Arctic Sea to China, a move that will fan environmental concerns even if it means

July 19, 2023
Total Views: 3390

Tuesday, July 18, 2023
Large Oil Spill Reported Near Site of Pemex Platform Blast in Gulf of Mexico
Offshore

Large Oil Spill Reported Near Site of Pemex Platform Blast in Gulf of Mexico

By Amy Stillman (Bloomberg) — A large oil spill has been spotted in the Gulf of Mexico near the site of a deadly explosion at a Petroleos Mexicanos

July 18, 2023
Total Views: 3135

grain ship bulk carrier export dry cargo
Shipping

Ukraine Plea to Keep Grain Moving Clashes With Shippers’ Reality

(Bloomberg) — Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and

July 18, 2023
Total Views: 1858

Monday, July 17, 2023
Port of Durban south africa.File photo: Shutterstock/michaeljung
Ports

Biggest African Port to Be Partially Privatized

By Antony Sguazzin (Bloomberg) — Africa’s biggest harbor will be partly owned and operated by the Philippines’ International Container Terminal

July 17, 2023
Total Views: 4015

Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the United Nations and Turkey, in the southern anchorage of the Bosphorus in Istanbul, Turkey December 11, 2022. REUTERS/Yoruk Isik/File Photo
Shipping

Russia Quits Black Sea Grain Deal

By Megan Durisin and Áine Quinn (Bloomberg) — Russia ended the Ukraine grain-export deal nearly a year into the agreement, heightening uncertainty over

July 17, 2023
Total Views: 817

Sunday, July 16, 2023
Crew members check the deck of the Russian oil cargo Pure Point, carrying crude oil, anchored at a port in Karachi, Pakistan June 13, 2023. REUTERS/Akhtar Soomro/File Photo
Shipping

Oil Surge To $80 Shows Long-Awaited Market Tightening Is Here

By Grant Smith Jul 16, 2023 (Bloomberg) –Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s

July 16, 2023
Total Views: 2484

Tanker Arrives in Yemen to Start Risky Oil Pumping Operation
Shipping

Tanker Arrives in Yemen to Start Risky Oil Pumping Operation

By Mohammed Hatem Jul 16, 2023 (Bloomberg) –A United Nations oil tanker arrived in Yemen on Sunday to begin the risky operation of pumping over a

July 16, 2023
Total Views: 14215

China Intensifies Military Drills With Russia Amid US Sanctions
Defense

China Intensifies Military Drills With Russia Amid US Sanctions

By Kari Lindberg (Bloomberg) –President Xi Jinping has resisted crossing Washington’s red lines over arming Russia’s war machine in Ukraine. But

July 16, 2023
Total Views: 2104

Saturday, July 15, 2023
A map of the world plotted with some of the most significant climate events that occurred during June 2023. (Image credit: NOAA/NCEI)
Environment

World Has Hottest June On Record As Ocean Temperatures Soar

By Brian K. Sullivan (Bloomberg) –The world just had its hottest June ever for land and sea, with ocean temperatures setting new highs for the third

July 15, 2023
Total Views: 3524

Friday, July 14, 2023
Barges make their way down the Mississippi River, where the water levels have reached historically record lows in Memphis, Tennessee, U.S. October 23, 2022. Photo REUTERS/Karen Pulfer Focht
Shipping

Mississippi, Ohio Rivers Drying Up for a Second Straight Year

By Brian K Sullivan (Bloomberg) — Water levels on the Mississippi and Ohio rivers are falling for a second straight year, raising the prospect of

July 14, 2023
Total Views: 4896

Aerial view of Floating solar power plant and wind turbine farm
Energy

Solar Farms Out at Sea Are Clean Energy’s Next Breakthrough

(Bloomberg) — Buffeted by waves as high as 10 meters (32 feet) in China’s Yellow Sea about 30 kilometers off the coast of Shandong province,

July 14, 2023
Total Views: 3666

Tiangin,,China. Photo: ambient_pix / Shutterstock.com
Shipping

China’s Worse-Than-Expected Exports Deal New Blow to Economy

(Bloomberg) — China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook

July 14, 2023
Total Views: 14932

Thursday, July 13, 2023
Shipping containers are stacked at New Westminster Port in Surrey, British Columbia, Canada July 4, 2023. REUTERS/Chris Helgren/File Photo
Ports

Deal Reached to End British Columbia Port Strike

By Randy Thanthong-Knight (Bloomberg) — A 13-day strike that disrupted shipments at Canada’s western ports is set to end after the dockworkers’

July 13, 2023
Total Views: 2074

A silhouette of a ship underway in the distance at dusk
Shipping

Indonesian Shipping Firm Meratus Weighing $2 Billion Sale, Sources Say

By Manuel Baigorri and Elffie Chew (Bloomberg) — Indonesian logistics and marine shipping business Meratus is exploring a sale of the business

July 13, 2023
Total Views: 1531

Wednesday, July 12, 2023
Canada Taps Mediator to End British Columbia Dockworker Strike
Ports

Canada Taps Mediator to End British Columbia Dockworker Strike

By Derek Decloet (Bloomberg) — Canadian Labor Minister Seamus O’Regan said negotiators have made progress toward a deal to end a strike by

July 12, 2023
Total Views: 844

File photo of a containership in port
Shipping

Temasek’s PSA Shelves $4 Billion Hutchison Ports Stake Sale, Sources Say

(Bloomberg) — PSA International Pte has shelved plans to sell its minority stake in the ports business of Hong Kong’s CK Hutchison Holdings Ltd. amid

July 12, 2023
Total Views: 810

Tuesday, July 11, 2023
The Virginia-class USS North Dakota submarine is seen during bravo sea trials in this U.S. Navy handout picture
Defense

Nearly 40% of US Attack Submarines Are Out of Commission for Repairs

(Bloomberg) — Delays at naval shipyards mean that nearly 40% of US attack submarines are out of commission for repairs, about double the rate the Navy

July 11, 2023
Total Views: 9917

Monday, July 10, 2023
Stock photo of a tanker at sea
Shipping

Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew

(Bloomberg) — A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than it emerged, underscoring

July 10, 2023
Total Views: 7167