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, 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: 5268

Felicity Ace seen burning in the Atlantic Ocean off the Azores Islands. Picture was released Friday, February 18, 2022 by the Portuguese Navy. Photo courtesy Portuguese Navy
Shipping

Volkswagen Faces Lawsuits Over ‘Felicity Ace’ Fire

By Karin Matussek (Bloomberg) — Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that

March 6, 2024
Total Views: 3383

Tuesday, March 5, 2024
Christophe de Margerie LNG carrier
Shipping

Unclaimed Arctic Gas Carriers Threaten Russia’s LNG Expansion

(Bloomberg) — Ever-tighter sanctions against Moscow have left a South Korean shipbuilder struggling to find buyers for specialized vessels intended to

March 5, 2024
Total Views: 11290

Philippine Coast Guard personnel inspect the hull of the ship during a collision incident between the Philippine Coast Guard vessel BRP Sindangan and a Chinese Coast Guard ship in the disputed South China Sea, March 5, 2024. Philippine Coast Guard/Handout via REUTERS
Shipping

Philippines, China Trade Protests After Ships Collide Again

By Cliff Venzon and Andreo Calonzo (Bloomberg) — The Philippines and China traded complaints after their ships collided again in the South China Sea on

March 5, 2024
Total Views: 811

Monday, March 4, 2024
Gasoline tanker at terminal. Photo Shutterstock
Shipping

Iran Defies US Sanctions With Surging LPG Exports

By Patrick Sykes (Bloomberg) — Iran is defying US sanctions with surging exports of liquefied petroleum gas, the latest sign that American pressure is

March 4, 2024
Total Views: 2068

tanker underway at sea from the bridge
News

OPEC+ Extends Oil Cuts, With Russia Bolstering its Effort

(Bloomberg) — OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.  The curbs —

March 4, 2024
Total Views: 829

Sunday, March 3, 2024
Children run on the top of bags filled with sand to protect the terrace of a "Chiringuito", a beach restaurant, of sea-level rises after storm Ciaran, on the Barceloneta beach in Barcelona. REUTERS/Nacho Doce
Environment

Rising Sea Levels Increase Threat Of Arsenic In Drinking Water

By Kendra Pierre-Louis (Bloomberg) —Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study

March 3, 2024
Total Views: 2281

British Royal Navy destroyer HMS Defender in the Bosphorus Strait. REUTERS/Yoruk Isik
Defense

Netherlands to Spend Billions on Ships to Boost Defense Capacity

By Sarah Jacob and Diederik Baazil (Bloomberg) –The Netherlands has earmarked several billion euros to replace most of its large surface ships over

March 3, 2024
Total Views: 6985

Friday, March 1, 2024
tanker deck
Shipping

Russian Oil Tankers Behave Strangely After Latest U.S. Sanctions

By Julian Lee (Bloomberg) — Two oil tankers appeared to stop what they were doing off the coast of Greece just a few days after the US Treasury

March 1, 2024
Total Views: 10367

The Indian Navy approaches the M/V Lila Norfolk in the Indian Ocean, January 5, 2023. Photo courtesy Indian Navy
Piracy

India Expects Piracy Attacks to Rise, Stretching Navy Resources

By Sudhi Ranjan Sen (Bloomberg) — Attacks on commercial shipping in the Arabian and Red Sea by pirates and Iran-backed Houthi rebels are likely to

March 1, 2024
Total Views: 1313

Thursday, February 29, 2024
The Kozmino oil port in eastern Russia
Shipping

US Sanctions Are Moving Closer to Disrupting Russia’s Crude Exports

Sanctions by the US Treasury are quietly turning up the heat on Russia’s oil exports — to the point where they may soon be at risk of curtailment, writes

February 29, 2024
Total Views: 2667

offshore oil rig
Shipping

Exxon Plays Hardball With Chevron Over Guyana’s Oil Riches

By Kevin Crowley and Rachel Graf (Bloomberg) — It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public.

February 29, 2024
Total Views: 2466

FILE PHOTO: A China Coast Guard ship is seen from a Philippine fishing boat at the disputed Scarborough Shoal April 6, 2017. Picture taken April 6, 2017. REUTERS/Erik De Castro/File Photo
News

Australia, Philippines Sign Maritime Accord as China Rises

(Bloomberg) — Australia and the Philippines have signed an agreement to boost collaboration on maritime security, including “promoting respect for

February 29, 2024
Total Views: 14254

Wednesday, February 28, 2024
The crew aboard the USS Gravely launches Tomahawk Land Attack Missiles in response to attacks on shipping by the Iranian-backed Houthi terrorist group in the Red Sea, Jan. 12, 2024. U.S. Navy Photo
Defense

U.S. Has Hit 230 Houthi Targets in Yemen

By Daniel Flatley and Tony Capaccio (Bloomberg) — The US has struck 230 targets in Yemen following Houthi-led attacks against shipping in the Red Sea, a

February 28, 2024
Total Views: 3603

Tuesday, February 27, 2024
Norwegian Cruise Line Stack and Waterslide
Cruise Ships

Norwegian Cruise Line Signals Strong Demand Despite Red Sea Chaos

(Bloomberg) — Norwegian Cruise Line Holdings rose in pre-market trading after issuing its initial financial guidance for 2024 ahead of Wall Street

February 27, 2024
Total Views: 2645