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.


Friday, June 7, 2024
container ship
Shipping

Are Geopolitical Conflicts Push Shipping Towards a Golden Era?

(Bloomberg) — If there was a universal theme at the parties, presentations and meetings in the world’s shipping capital Athens this week, it’s that

June 7, 2024
Total Views: 1317

Thursday, June 6, 2024
U.S. Seeks to Up Pressure on Houthis in Threat to Yemen-War Truce
News

U.S. Seeks to Up Pressure on Houthis in Threat to Yemen-War Truce

(Bloomberg) — The US and its allies are raising the stakes in their struggle to curb ship attacks by Houthi militants in the Red Sea by increasingly

June 6, 2024
Total Views: 1039

Wednesday, June 5, 2024
A Russian state flag flies on the top of a diesel plant in the Irkutsk Oil Company-owned Yarakta Oil Field in Irkutsk Region. Picture REUTERS/Vasily Fedosenko
Shipping

Russia Oil Revenue Rise as Nation Adapts to Sanctions

(Bloomberg) — Russia’s oil proceeds to the state budget increased almost 50% in May from a year ago, as its crude prices rose and the nation adapted to

June 5, 2024
Total Views: 1101

Tuesday, June 4, 2024
FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Maersk Sees Deeper Impact to World Trade From Red Sea Disruption

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than

June 4, 2024
Total Views: 2956

Monday, June 3, 2024
Stock photo of a tanker at sea
Shipping

Russian Oil Finds New Site for Ship-to-Ship Transfers

(Bloomberg) — Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a

June 3, 2024
Total Views: 5611

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner
Shipping

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner

(Bloomberg) — Sandwiched between the world’s great global powers in a time of deepening global tensions, Greek shipowners are still finding a way to

June 3, 2024
Total Views: 802

Sunday, June 2, 2024
An EUNAVFOR warship escorts a merchant vessel in the Red Sea
Shipping

Ships Diverted From Red Sea Send Ripple Effects Across The Globe

By Brendan Murray Jun 2, 2024 (Bloomberg) –Never has it been so cheap to inflict a world of economic pain. That stark point was underscored last

June 2, 2024
Total Views: 4524

US Defense Secretary Lloyd Austin leaves after a US-China bilateral meeting on the sidelines of the Shangri-La Dialogue in Singapore. REUTERS/Idrees Ali
Defense

Conflicting US-China Defense Strategies Dominate Singapore Forum

By Philip J. Heijmans, Peter Martin and Josh Xiao Jun 2, 2024 (Bloomberg) –Global defense leaders descending on Singapore this weekend confronted

June 2, 2024
Total Views: 1027

Saturday, June 1, 2024
Sea Trials at sunset in the Atlantic ocean of a new Virginia class submarine
Navy

Here’s Why the US Navy Needs More Virginia-Class Submarines Now

by Admiral James Stavridis (Bloomberg Opinion) My first job after graduating from the US Naval Academy in the late 1970s was as the anti-submarine warfare

June 1, 2024
Total Views: 11289

Friday, May 31, 2024
A fighter jet is launched from the U.S. Navy aircraft carrier USS Dwight D. Eisenhower against what they describe as Houthi military targets in Yemen. Handout via REUTERS.
News

Houthis Say US and UK Carried Out Deadliest Strike Yet on Yemen

(Bloomberg) — Houthi militants said the US and UK killed at least 16 people with airstrikes on Yemen on Thursday, in the deadliest assault on the group

May 31, 2024
Total Views: 3535

Gulf Of Mexico Hurricane
Marine Weather

Gulf of Mexico is August-Level Hot as Hurricane Season Nears

(Bloomberg) — Water temperatures across the Gulf of Mexico have reached or exceeded levels usually found in August when the region is at its

May 31, 2024
Total Views: 4087

Thursday, May 30, 2024
US-Navy-Constellation-class-frigate-rendering
Defense

U.S. Navy ‘Botched’ Design Oversight of $22 Billion Frigate, GAO Report Finds

By Tony Capaccio (Bloomberg) — The US Navy mishandled oversight of a $22 billion frigate program to replace the much-criticized and more vulnerable

May 30, 2024
Total Views: 2475

Wednesday, May 29, 2024
File photo of a containership in port
Shipping

The $10,000 Shipping Container Looms in Latest Trade Strains

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current

May 29, 2024
Total Views: 5325

The Kozmino oil port in eastern Russia
News

EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh

(Bloomberg) — The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s

May 29, 2024
Total Views: 842

Tuesday, May 28, 2024
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Tankers Sit Offshore UK in Sign of Weak Demand

By Sherry Su (Bloomberg) — Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without

May 28, 2024
Total Views: 7936

Aerial top view of a containership at port. Stock Photo: Shutterstock/Avigator Fortuner
Shipping

Freight Rate Surge Recalls Covid ‘Chaos’

(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain

May 28, 2024
Total Views: 4690

Friday, May 24, 2024
Yangshan Port south of Shanghai, China.
Shipping

A New Trade War Offers No Easy Way Back for Old Global Order

The world’s three dominant economies are entering a new, combative phase as the US increasingly uses trade weapons borrowed from China’s playbook. That’s

May 24, 2024
Total Views: 1423

Wednesday, May 22, 2024
U.S. Concerned Houthi Weapons Can Reach the Mediterranean Sea
News

U.S. Concerned Houthi Weapons Can Reach the Mediterranean Sea

(Bloomberg) — The Houthi militants in Yemen have weapons that can reach as far as the Mediterranean Sea, according to a senior defense official, lending

May 22, 2024
Total Views: 1182

Tuesday, May 21, 2024
Stock photo of a ship-to-ship transfer between two tankers from above
Shipping

Oil Tankers Forced Out of Greek Gulf Again as Navy Drills Resume

(Bloomberg) — A handful of oil tankers that had entered the waters off southern Greece to transfer Russian petroleum were forced to depart again after

May 21, 2024
Total Views: 2129

Monday, May 20, 2024
Sanctioned Russian Tankers Mostly Sit Idle Months After Designations
Shipping

Sanctioned Russian Tankers Mostly Sit Idle Months After Designations

(Bloomberg) — Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to

May 20, 2024
Total Views: 2031