Bloomberg

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Thursday, November 10, 2022
Shipping

Iron Ore Ships Turn to Coal to Survive China’s Slump

By Ann Koh and Liz Ng (Bloomberg) — Cargo ships suffering from weak Chinese demand for iron ore are finding a more lucrative alternative as the

November 10, 2022
Total Views: 4587

Wednesday, November 9, 2022
Offshore

UK’s Windfall Tax on Renewables Puts Offshore Wind Farm Investment at Risk

By William Mathis (Bloomberg) — UK offshore wind farm investment will be at risk if any windfall tax imposed on renewable producers is too severe,

November 9, 2022
Total Views: 794

Tuesday, November 8, 2022
Shipping

Diesel Tankers Are About to Get Biggest Demand Surge Since 1993

By Alex Longley and Elina Ganatra (Bloomberg) — Oil tankers hauling fuels like gasoline and diesel are poised for their biggest demand surge in three

November 8, 2022
Total Views: 2310

Shipping

Russia Opens Arctic Oil Tanker Route To China

By Elina Ganatra and Julian Lee (Bloomberg) Russia sent its second-ever crude oil shipment east through the Arctic Circle toward China, a route that could one

November 8, 2022
Total Views: 2406

Monday, November 7, 2022
More Governments Are Turning Against the Deep Sea Mining Rush
Offshore

More Governments Are Turning Against the Deep Sea Mining Rush

By Todd Woody (Bloomberg) — As world leaders gather at the United Nations climate summit in Egypt this week, another international meeting is

November 7, 2022
Total Views: 2855

Shipping

Chinese Trade Unexpectedly Drops as Demand Slowdown Worsens

By Bloomberg News (Bloomberg) — China’s exports and imports both unexpectedly fell for the first time in more than two years, with rising risks of a

November 7, 2022
Total Views: 1942

Sunday, November 6, 2022
Cruise Ships

Cruise Demand Has Returned To Pre-Pandemic Levels

By Graham Starr (Bloomberg) –Royal Caribbean Cruises Ltd. said occupancy has rebounded to pre-pandemic levels, with bookings running higher than the

November 6, 2022
Total Views: 3870

Saturday, November 5, 2022
Shipping

Superyacht Seized In Spain As Sanctioned Owner Stops Fees

By Gaspard Sebag and Stephanie Baker (Bloomberg) –A Spanish court moved to seize a superyacht valued at $140 million that’s linked to a senior

November 5, 2022
Total Views: 7446

Shipping

The Latest Russia Oil Mystery: Vostok Sale Announced Then Denied

By Jack Farchy, Ben Bartenstein and Archie Hunter (Bloomberg) –A trading house that owns part of a stake in Russia’s flagship oil project said its

November 5, 2022
Total Views: 2734

Friday, November 4, 2022
Shipping

Rain in Canada Deals Latest Blow to Global Grain Trade

By Jen Skerritt (Bloomberg) — Thousands of tons of wheat and canola is stranded in Canada after rain has hampered deliveries at the country’s largest

November 4, 2022
Total Views: 2476

Shipping

U.S. Offers $5 Million Bounty for Singaporean Over North Korea Oil Shipments

By Philip J. Heijmans (Bloomberg) — The US Department of State on Thursday issued a $5 million bounty for information on a Singaporean businessman who

November 4, 2022
Total Views: 4281

Thursday, November 3, 2022
Shipping

Abu Dhabi’s Adnoc Moves Towards Shipping Unit IPO

(Bloomberg) — Abu Dhabi’s main energy company has hired Citigroup Inc., JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to work on potentially

November 3, 2022
Total Views: 788

Wednesday, November 2, 2022
Shipping

Maersk’s View on Global Economy Turns Sour

By Fergal O’Brien (Bloomberg) — One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying

November 2, 2022
Total Views: 3160

Tuesday, November 1, 2022
Wind turbines off of Block Island
Offshore

America’s Offshore Wind Farms Face Headwinds

By Josh Saul and Will Wade (Bloomberg) — Plans for massive offshore wind farms that President Joe Biden hopes will power as many as 10 million American

November 1, 2022
Total Views: 3039

Shipping

More Grain Ships Leave Ukraine Despite Russia Warnings

By Áine Quinn (Bloomberg) — Grain markets steadied on Tuesday, with farmers and traders on alert for Russia’s next moves as ships continue to move

November 1, 2022
Total Views: 1472

Monday, October 31, 2022
Shipping

Mississippi River Drought Is Pushing Soybean Shippers to Other Regions

By Michael Hirtzer (Bloomberg) — The shrinking Mississippi River has hobbled the most efficient channel for moving US soybeans onto world markets,

October 31, 2022
Total Views: 2994

Shipping

Wheat Prices Soar as Russia Warns on Ship Safety

By Megan Durisin, Áine Quinn and Daryna Krasnolutska (Bloomberg) — Wheat prices soared after Russia suspended a deal guaranteeing safe passage of

October 31, 2022
Total Views: 840

Sunday, October 30, 2022
Offshore

Nigeria to Open Bidding for Deep Offshore Oil Blocks

By William Clowes (Bloomberg) –Nigeria plans to auction deep offshore oil and gas licenses for the first time in 15 years, according to a senior

October 30, 2022
Total Views: 3737

Friday, October 28, 2022
News

Germany May Build LNG Ship Terminal At Nord Stream 2 Site

By Petra Sorge (Bloomberg) Germany’s first and only private Floating Storage Regasification Unit in Lubmin is fully booked for years ahead and is

October 28, 2022
Total Views: 1868

News

Could Clean Startups Boost The Chemical Tanker Market?

During their last quarterly update Overseas Tanker Corp ($OSG) discussed the growth of a new cargo segment for oil tankers: renewable diesel. Could chemical

October 28, 2022
Total Views: 941