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Monday, December 12, 2022
People relax on the beach with Britain's biggest container port in Felixstowe, Britain
Ports

UK’s Port of Felixstowe Reaches Pay Deal With Dockworkers

By Siddharth Philip (Bloomberg) — The Port of Felixstowe, Britain’s busiest container port, said that over 90% of its workers had agreed to accept a

December 12, 2022
Total Views: 1192

A jackup works to prepare the seabed for a cable that will connect the South Fork Wind offshore wind farm, 35 miles east of Montauk Point to the onshore electric grid. Photo courtesy South Fork Wind
Offshore

Sign of U.S. Offshore Wind Boom Arrives Off New York Beach

By Josh Saul (Bloomberg) — A drill as tall as a house stands on the blustery shore of the Atlantic Ocean, digging a tunnel deep under an exclusive New

December 12, 2022
Total Views: 1759

Saturday, December 10, 2022
superyacht
Shipping

Russian Billionaire Gets Judge on Board in Fight Over French Riviera Yacht

By Gaspard Sebag (Bloomberg) –Sanctioned Russian billionaire Alexey Kuzmichev has notched up another victory in his fight with French authorities

December 10, 2022
Total Views: 4476

Commercial vessels, including oil tankers, wait at an anchorage in the Black Sea off Kilyos near Istanbul, Turkey, December 9, 2022. REUTERS/Umit Bektas
Shipping

Oil Tanker Sails Through Bosphorus In Sign Insurance Spat Easing

By Alaric Nightingale (Bloomberg) –Turkish authorities allowed an oil tanker to pass through country’s vital Bosphorus shipping strait, suggesting

December 10, 2022
Total Views: 1652

Friday, December 9, 2022
At Least 15 Million Barrels Caught Up in Turkish Tanker Impasse
Shipping

At Least 15 Million Barrels Caught Up in Turkish Tanker Impasse

By Firat Kozok, Selcan Hacaoglu and Sherry Su (Bloomberg) — Turkey dug in on an insistence that oil tankers navigating its waters must prove they’re

December 9, 2022
Total Views: 2010

Thursday, December 8, 2022
Oil Tankers Stuck Near Turkey Costing Millions to Wait
Shipping

Oil Tankers Stuck Near Turkey Costing Millions to Wait

By Alex Longley and Sherry Su (Bloomberg) — The snarl-up that’s delayed millions of barrels of oil near Turkey’s key shipping straits is already

December 8, 2022
Total Views: 2688

vlcc supertanker
Shipping

Supertanker Earnings Plunge on Reduced Crude Supplies

By Alex Longley and Sharon Cho (Bloomberg) — Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases

December 8, 2022
Total Views: 962

Turkey Holds Firm on Tanker Insurance Demand as Jam Worsens
Shipping

Turkey Holds Firm on Tanker Insurance Demand as Jam Worsens

(Bloomberg) — A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday,

December 8, 2022
Total Views: 2204

Wednesday, December 7, 2022
China COVID Port Ship Inspectors
Shipping

China Exports Collapse But Car Exports Remain Strong

By Ishika Mookerjee (Bloomberg) China’s exports and imports both contracted at steeper paces in November as external demand continued to weaken and a

December 7, 2022
Total Views: 2040

Wind turbines off of Block Island
Offshore

First West Coast Wind Auction Continuing with Over $400 Million in High Bids on First Day

By Jennifer A. Dlouhy (Bloomberg) — Six companies are still vying for the opportunity to install floating wind turbines off the California coast

December 7, 2022
Total Views: 453

Tuesday, December 6, 2022
Turkish Tanker Jam Leaves Millions of Barrels Stuck at Sea
Shipping

Turkish Tanker Jam Leaves Millions of Barrels Stuck at Sea

By Julian Lee and Alex Longley (Bloomberg) — Oil tankers hauling millions of barrels of Kazakh crude are being prevented from leaving the Black Sea to

December 6, 2022
Total Views: 4742

Monday, December 5, 2022
Statue of Liberty overlooking Port of New York and New Jersey
Ports

Port of New York and New Jersey Will Fight to Retain Leading Market Share

By Skylar Woodhouse and Augusta Saraiva (Bloomberg) — The Port of New York and New Jersey, now the busiest in the US, attributes more than 85% of its

December 5, 2022
Total Views: 1380

tanker at sea
Shipping

Russia’s European Crude Sales Collapse 

By Julian Lee (Bloomberg) — Russia’s crude oil shipments to Europe are shrinking fast. A European Union ban on seaborne imports from the country is

December 5, 2022
Total Views: 8450

Sunday, December 4, 2022
Russian-flagged oil tanker Pegas docked in Greece.Picture taken January 16, 2022. REUTERS/Yoruk Isik
News

FAQ – Europe’s New Sanctions on Russian Oil

By Alex Longley (Bloomberg) After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How

December 4, 2022
Total Views: 3265

German Economy Minister Robert Habeck
Marine Weather

Harsh Weather May Delay Germany’s Plans for First LNG Terminals

By Vanessa Dezem (Bloomberg) Germany’s plans to start imports of liquefied natural gas this month are at risk of being derailed by the weather. Strong

December 4, 2022
Total Views: 1799

Saturday, December 3, 2022
Cargill Resumes Shipping Grain From Ukraine
News

Cargill Resumes Shipping Grain From Ukraine

By Tarso Veloso (Bloomberg) Cargill, the world’s top agricultural commodities trader, has started to export crops from this year’s harvest in war-torn

December 3, 2022
Total Views: 1121

bulk carrier
Shipping

Dirty Bulkers Are Now Being Used To Carry Food Crops to Asia

By Ann Koh and Hallie Gu (Bloomberg) –Dirty bulk ships used to carry iron ore are being scrubbed clean so that they can transport grain to Asia, in

December 3, 2022
Total Views: 6576

Friday, December 2, 2022
tanker at sea
Shipping

Europe Sets $60 Price Cap on Russian Oil

By Ewa Krukowska, Alberto Nardelli and Jorge Valero (Bloomberg) — The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving

December 2, 2022
Total Views: 1009

Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Shipping Costs for Russian Oil Soar Ahead of More Sanctions

By Serene Cheong and Alex Longley (Bloomberg) — Shipping costs for Russian crude are skyrocketing as more tanker owners shun the trade days

December 2, 2022
Total Views: 1767

Thursday, December 1, 2022
File photo of an oil tanker at sea
Shipping

EU Closes in on Price Cap for Russian Oil as Poles Hold Out

By Alberto Nardelli, Ewa Krukowska and Jorge Valero (Bloomberg) — The European Union is closing in on a deal to cap the price of Russian crude oil at

December 1, 2022
Total Views: 1302