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.


Thursday, March 21, 2024
The Marlin Luanda pictured January 27, 2024, in the Gulf of Aden. Photo courtesy Indian Navy
Shipping

Houthis Agree to Give China and Russia Ships a Pass in Red Sea

(Bloomberg) — The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked,

March 21, 2024
Total Views: 4879

Wednesday, March 20, 2024
Wind Osprey offshore wind installation vessel installing offshore wind turbines
Offshore

Offshore Wind’s Next Big Problem? Not Enough Ships

By Lars Paulsson (Bloomberg) — On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky

March 20, 2024
Total Views: 3108

Smoke billows after Ukraine's SBU drone strikes a refinery, amid Russia's attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters/via REUTERS
News

Ukraine’s Drone Strikes on Russian Oil Refineries Mark New Phase in War

(Bloomberg) — Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200

March 20, 2024
Total Views: 13875

Tuesday, March 19, 2024
File photo of an oil tanker at sea
Shipping

Two Tankers With Russian Crude Idle for Weeks Off India

By Sherry Su (Bloomberg) — Two tankers carrying Russian flagship Urals crude have been idling off the West Coast of India for more than three weeks

March 19, 2024
Total Views: 5101

oil tanker
Shipping

Shadow-Fleet Tanker Damaged in Collision Near Denmark

(Bloomberg) — A tanker from the shadow fleet of ships assembled to carry Russian oil was involved in a collision near Denmark, casting fresh light on the

March 19, 2024
Total Views: 6338

Monday, March 18, 2024
Sovcomflot ship bridge
News

Russian Oil Squeeze Tightens as Sovcomflot Admits Difficulties

(Bloomberg) — Russia’s state oil tanker company PJSC Sovcomflot said that US sanctions are putting pressure on its operations, the latest sign that the

March 18, 2024
Total Views: 5478

Saturday, March 16, 2024
adventure of the seas
Cruise Ships

Luxury Cruises Cancel Stop At Haiti Beach Oasis As Violence Rises

By Jim Wyss (Bloomberg) –Royal Caribbean Cruises Ltd. is suspending visits to its private enclave in Haiti as gang violence and lawlessness grip the

March 16, 2024
Total Views: 4966

Oil supertanker Grace 1 seen in waters of British overseas territory of Gibraltar
Shipping

Treasury Is Asked Why US Firm Insures Ships Carrying Iran Oil

By Zachary R. Mider and Zeke Faux (Bloomberg) –A Republican congressman is asking the Treasury Department to explain its handling of a US insurance

March 16, 2024
Total Views: 3321

Friday, March 15, 2024
A tanker transits the Panama Canal Locks
Shipping

The Panama Canal Averts a Crisis for Now— But at a Cost to Drinking Water

By Peter Millard, Michael McDonald and Eric Roston (Bloomberg) — The Panama Canal has avoided the worst of a shipping crunch that threatened to upend

March 15, 2024
Total Views: 4127

Thursday, March 14, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

Drone Strikes Deal Blow to Russian Diesel Exports

By Bill Lehane and Jack Wittels (Bloomberg) — Shipments of diesel from Russian ports have fallen in the weeks since drone strikes began on the

March 14, 2024
Total Views: 3691

Port of Durban south africa.File photo: Shutterstock/michaeljung
Ports

Inefficient African Ports See Diverted Red Sea Traffic Slipping Away

By Colleen Goko (Bloomberg) — Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic

March 14, 2024
Total Views: 4479

Wednesday, March 13, 2024
Icon of the Seas pictured leaving for sea trials
Shipping

Mega Cruise Ships Seen Fueling Comeback

By Joel Leon (Bloomberg) — The impressive run from cruise-line operators over the past year has room to run, according to Goldman Sachs Group Inc.

March 13, 2024
Total Views: 2946

U.S. President Joe Biden speaks during his visit in Philly Shipyard in Philadelphia, Pennsylvania, U.S., July 20, 2023. REUTERS/Evelyn Hockstein
Shipbuilding

Biden Eyes Chinese Shipbuilding Subsidies as Tensions Simmer

By Bloomberg News (Bloomberg) — US President Joe Biden pledged to look into a petition from a group of unions asking his administration to review

March 13, 2024
Total Views: 2196

Tuesday, March 12, 2024
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

Russia’s Crude Shipments Rebound to the Highest Level This Year

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports surged to the highest level for the year so far, with shipments from a key Pacific

March 12, 2024
Total Views: 916

Sunday, March 10, 2024
Philippines resupply mission in the South China Sea. REUTERS/Adrian Portugal
Offshore

US Key to Philippines’ Plan to Tap Oil, Gas in South China Sea

By Andreo Calonzo and Manolo Serapio Jr. Mar 10, 2024 (Bloomberg) –The Philippines is counting on the US and its allies to play a crucial role in

March 10, 2024
Total Views: 31215

Saturday, March 9, 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 TPX IMAGES OF THE DAY
Defense

Philippines Adopts New Defense Strategy Amid South China Sea Row

By Ditas Lopez Mar 9, 2024 (Bloomberg) —Philippine Defense Secretary Gilberto Teodoro has directed the military to enforce a new strategy to defend

March 9, 2024
Total Views: 56340

Friday, March 8, 2024
French frigate escort. Photo: EUNAVFOR
Shipping

Red Sea Crisis Could Fan Asia’s Inflation Anew, Delay Rate Cuts

By Claire Jiao (Bloomberg) — Asia could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping

March 8, 2024
Total Views: 640

yantian port china
Shipping

Global Trade Struggling to Bounce Back from 2023 Slump, WTO Says

By Brendan Murray (Bloomberg) — Global merchandise trade is struggling to accelerate from a slump last year amid signs that growth in the automotive

March 8, 2024
Total Views: 420

Thursday, March 7, 2024
A satellite image shows the cargo ship Rubymar before it sank, on the Red Sea. Maxar Technologies/Handout via REUTERS
Shipping

Deadly Ship Attack Means Shipowners Should Re-Think Red Sea Voyages

By Alex Longley (Bloomberg) – A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to

March 7, 2024
Total Views: 1446

Wednesday, March 6, 2024
The MV Rubymar pictured before its sinking
Shipping

‘Rubymar’ Anchor Seen as Likely Cause of Severed Red Sea Cables

By Olivia Solon and Mohammed Hatem (Bloomberg) — The anchor of a cargo ship that was attacked by Houthi militants was the most likely cause of damage to

March 6, 2024
Total Views: 5267