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.


Wednesday, April 17, 2024
An official slides down a rope during a helicopter raid on MSC Aries ship at sea in this screen grab obtained from a social media video released on April 13, 2024. Video obtained by Reuters/via REUTERS
Shipping

Seized Ship’s Cargo Reveals Impact of Iran Tensions on Global Trade

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

April 17, 2024
Total Views: 10157

Tuesday, April 16, 2024
BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers
Offshore

BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers

(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

April 16, 2024
Total Views: 1105

Sunday, April 14, 2024
A French Navy warship escorts a CMA CGM containership in the Red Sea. Photo courtesy French Forces
Navy

Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion

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

April 14, 2024
Total Views: 2845

Turkish Strait Oil Tanker
News

Ukraine War Enters New Phase With Oil In The Crosshairs

By Daryna Krasnolutska (Bloomberg) Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new

April 14, 2024
Total Views: 2316

Saturday, April 13, 2024
Satellite image shows a closer view of the Dali container ship and a collapsed Francis Scott Key Bridge, in Baltimore, Maryland. Maxar Technologies/Handout via REUTERS
Shipping

Shippers In Baltimore Disaster Face ‘General Average,’ MSC Says

By Brendan Murray Apr 13, 2024 (Bloomberg) –The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process

April 13, 2024
Total Views: 7393

Friday, April 12, 2024
US-Navy-Constellation-class-frigate-rendering
Defense

Worker Shortage Hobbles Construction of U.S. Navy Frigates

By Tony Capaccio (Bloomberg) — The shipyard producing the US Navy’s new frigate has been hobbled by a failure to “achieve engineering and skilled

April 12, 2024
Total Views: 4861

Thursday, April 11, 2024
offshore drilling rig brazil
News

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds

(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from

April 11, 2024
Total Views: 436

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 TPX IMAGES OF THE DAY
Defense

U.S. Ramps Up Ties With Japan, Philippines to Counter China at Sea

By Michelle Jamrisko and Yoshiaki Nohara (Bloomberg) — US President Joe Biden is set to unveil joint military patrols and training with the Philippines

April 11, 2024
Total Views: 567

Wednesday, April 10, 2024
Stock photo shows a MSC shipping container being lifted onto a ship
Shipping

MSC Disputes ‘Excessive’ Fine for Alleged Shipping Act Violations

By Brendan Murray (Bloomberg) — The world’s largest container carrier will push back against a proposed US government fine that would rank among the

April 10, 2024
Total Views: 2612

File photo of an oil tanker at sea
Shipping

Russian Oil Trading Far Above the G7’s Price Cap Everywhere

(Bloomberg) — Russian oil is trading far in excess of a Group of Seven price cap that’s supposed to deprive Moscow of revenue for its war in Ukraine,

April 10, 2024
Total Views: 1018

Monday, April 8, 2024
Port of Durban south africa.File photo: Shutterstock/michaeljung
Ports

Maersk Contests Transnet’s Pick for South African Port Partner

By Paul Burkhardt (Bloomberg) — A.P. Moller – Maersk A/S is contesting a process held by South Africa’s state logistics firm Transnet SOC Ltd.

April 8, 2024
Total Views: 1631

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
Shipping

Hyundai’s Ship Repair Firm Seeks Biggest Korean IPO Since 2022

(Bloomberg) — A company that repairs and manages ships kicked off what’s poised to be South Korea’s biggest initial public offering in two years,

April 8, 2024
Total Views: 736

Sunday, April 7, 2024
161013-n-su278-229
Defense

US, Allies To Conduct Naval Drills In Philippines

By Cecilia Yap (Bloomberg) –The US, Australia, Japan and the Philippines will hold joint military drills in the South China Sea on April 7 amid

April 7, 2024
Total Views: 2550

Friday, April 5, 2024
U.S. President Joe Biden delivers remarks near the collapsed Francis Scott Key Bridge, in Dundalk, Maryland, U.S., April 5, 2024. REUTERS/Nathan Howard
Shipping

Biden Urges Congress to Approve Funds for Baltimore Bridge Rebuild

By Jennifer Jacobs and Michelle Jamrisko (Bloomberg) — President Joe Biden pressed Congress to quickly approve funds to rebuild a collapsed Baltimore

April 5, 2024
Total Views: 914

Thursday, April 4, 2024
File photo of an LNG carrier in the Suez Canal
Shipping

Egypt Buys LNG in Rare Move to Avoid Summer Gas Crunch

By Stephen Stapczynski and Salma El Wardany (Bloomberg) — Egypt began buying liquefied natural gas, a rare move by the fuel exporter to avoid shortages

April 4, 2024
Total Views: 1294

Wednesday, April 3, 2024
A Yemeni Coast Guard boat sails near the Galaxy Leader commercial ship, seized by Yemen's Houthis last month, off the coast of al-Salif, Yemen, December 5, 2023.
Shipping

U.S. Could Revoke Houthi Terrorist Label if Group Halts Attacks on Ships

By Sam Dagher (Bloomberg) — The US said it would consider revoking its recent designation of Yemen’s Houthis as terrorists if the Iran-backed

April 3, 2024
Total Views: 2880

Containership berthed at the Port of Los Angeles.Photo courtesy Port of Los Angeles.
Shipping

Inbound Container Growth Pushing U.S. Ports to Their Limits, Shipping Veteran Says

(Bloomberg) — The biggest US ports are stretching capacity limits and need to expand to handle anticipated growth in inbound shipping, according to

April 3, 2024
Total Views: 1681

Tuesday, April 2, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

Russia’s Seaborne Crude Exports Surge to the Highest This Year

(Bloomberg) — Russia’s seaborne crude exports jumped in the final week of March to the highest so far this year, even as average shipments in

April 2, 2024
Total Views: 818

Sunday, March 31, 2024
Barge cranes are shown near the collapsed Francis Scott Key Bridge in Baltimore. U.S. Coast Guard/Petty Officer 2nd Class Taylor Bacon/Handout via REUTERS
Ports

Baltimore Ship Accident Has East Coast Ports Scrambling To Absorb Cargo

By Brendan Murray Mar 31, 2024(Bloomberg) —Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore

March 31, 2024
Total Views: 3598

Saturday, March 30, 2024
Joe Biden talking to shipyard workers
Incidents

Biden to Visit Baltimore and Help Accelerate Salvage Efforts 

By Jordan Fabian (Bloomberg) President Joe Biden said he will head to Baltimore next week as the US seeks to accelerate emergency work to clear and

March 30, 2024
Total Views: 672