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.


Sunday, June 2, 2024
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

Saturday, May 18, 2024
jakarta port. Photo: Creativa Images / Shutterstock.com
Ports

Indonesia Eases Import Rule For Some Goods To Clear Containers

By Norman Harsono May 17, 2024 (Bloomberg) —Indonesia has revised an import rule in a bid to release thousands of containers being held up at its ports,

May 18, 2024
Total Views: 965

Friday, May 17, 2024
The LNG-powered containership, the CMA CGM, on the river Elbe near the city of Hamburg, Germany, February 14, 2021. Photo: FrankHH / Shutterstock.com
Shipping

French Shipping Giant Expects Overcapacity to Drive Down Freight Rates

By Tara Patel (Bloomberg) — CMA CGM SA, the world’s third-largest container line, is expecting a decline in ocean freight rates as new vessel

May 17, 2024
Total Views: 2534

A satellite image shows the cargo ship Rubymar before it sank, on the Red Sea. Maxar Technologies/Handout via REUTERS
Shipping

How Tiny Djibouti Said ‘No’ to the U.S. Over Houthi Red Sea Attacks

(Bloomberg) — Captain Mohammed Houssein Omar patrols one of the most dangerous coastlines in the world. Until the Israel-Hamas conflict reignited seven

May 17, 2024
Total Views: 13852

Thursday, May 16, 2024
cnooc-lng-terminal
Shipping

China’s Biggest LNG Buyer Expands Fleet for Global Heft

By Bloomberg News (Bloomberg) — China National Offshore Oil Corp., the country’s state-owned oil and gas giant, is expanding its fleet of LNG carriers

May 16, 2024
Total Views: 840

A red LNG carrier in the Suez Canal. Photo: Shutterstock/Alvaro Ardisana
Shipping

Red Sea Disruption Is Splitting Global LNG Trade in Regions

(Bloomberg) — It’s been four months since a liquefied natural gas tanker has passed through the narrow strait at the southern end of the Red Sea

May 16, 2024
Total Views: 418

Wednesday, May 15, 2024
A worker near a ship under construction at Hyundai Heavy Industries' Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo
Shipbuilding

Top Shipbuilder Expands Asia Footprint with Subic Bay Shipyard Deal

(Bloomberg) — South Korea’s HD Hyundai Heavy Industries Co. Ltd. will set up operations in a former US naval base in the Philippines, an investment

May 15, 2024
Total Views: 3878

Tuesday, May 14, 2024
port of antwerp
Shipping

Cocaine Superhighway Brings Drugs and Violence to Europe

By Max Ramsay, Lyubov Pronina and Cagan Koc (Bloomberg) — On a chilly night in March, harbor police at Belgium’s Antwerp port nabbed three youths

May 14, 2024
Total Views: 2482