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Saturday, November 26, 2022
Oil Freight Boom Makes $1 Million Waiting Bills More Common
Shipping

Oil Freight Boom Makes $1 Million Waiting Bills More Common

By Alex Longley and Sherry Su (Bloomberg) –With soaring shipping costs comes soaring bills for ships doing nothing. In the oil-tanker market, day rates

November 26, 2022
Total Views: 3874

Friday, November 25, 2022
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
News

Price Cap Halted As Poland Demands Harsher Penalty On Russian Oil

By Ewa Krukowska (Bloomberg) European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal

November 25, 2022
Total Views: 1727

Thursday, November 24, 2022
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
News

Vitol Says It Will Keep Buying Russian Oil

By Sharon Cho (Bloomberg) –Top trader Vitol Group is still buying “very modest” volumes of Russian oil products and is studying whether the company

November 24, 2022
Total Views: 1305

Babcock Yard Shed
Navy

‘Volatile World’ Boosts Warship Demand Says UK Shipbuilder

By Christopher Jasper (Bloomberg) London based Babcock International Group said it’s in discussions with five countries on three continents regarding orders

November 24, 2022
Total Views: 421

Wednesday, November 23, 2022
Hapag-Lloyd Container-ship BOSTON EXPRESS
Shipping

Shipping’s Attempt to Hire More Women Runs Into a Male-Dominated Culture

By Brendan Murray (Bloomberg) — People often want to take photos of Taalke Middents on the container vessels she helps helm through ports and passages

November 23, 2022
Total Views: 4239

Tuesday, November 22, 2022
tanker in storm
Shipping

Soaring Tanker Rates Pile Pressure on Crude Markets

By Sherry Su, Sharon Cho, Bill Lehane and Lucia Kassai (Bloomberg) — Soaring shipping costs are piling pressure onto physical oil markets that are

November 22, 2022
Total Views: 1365

Monday, November 21, 2022
Oil Tanker Bridge
Shipping

Russia’s War Rewires Global Crude Trade

By Elina Ganatra (Bloomberg) — Oil tanker tycoons are enjoying a surge in revenue as the sanctions triggered by Russia’s war are redrawing the global

November 21, 2022
Total Views: 2955

File photo of an oil tanker at sea
News

India’s Oil Buyers Push To Load Russian Crude Before Sanctions

By Debjit Chakraborty (Bloomberg) India’s oil refiners are looking to pick up a bit more Russian crude in last-minute purchases just weeks before new

November 21, 2022
Total Views: 1446

Sunday, November 20, 2022
Oil Tanker Terminal Qingdao Port, China,
Offshore

Oil Prices Continue To Slide After US Midterm Elections

By Julia Fanzeres (Bloomberg) Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening

November 20, 2022
Total Views: 6484

Saturday, November 19, 2022
China’s Nuclear Submarines Now Have ICBMs
Navy

China’s Nuclear Submarines Now Have ICBMs

By Tony Capaccio (Bloomberg) China has fielded new, longer-range ballistic missiles on its six nuclear-powered submarines, allowing it to hit the continental

November 19, 2022
Total Views: 3602

Tanker Barge on the Hudson River New York
News

US Gas Prices Fall Everywhere Except New York

Some critics say the Jones Act is to blame for higher gasoline prices in regions of the United States not serviced by pipelines. By Chunzi Xu (Bloomberg)

November 19, 2022
Total Views: 1603

Friday, November 18, 2022
Abu Dhabi Ports Acquires Spanish Logistics Firm to Further Global Expansion
Ports

Abu Dhabi Ports Acquires Spanish Logistics Firm to Further Global Expansion

By Leen Al-Rashdan (Bloomberg) — Abu Dhabi Ports Group has purchased Spanish logistics firm Noatum for $680 million, its second acquisition this month

November 18, 2022
Total Views: 1198

offshore oil rig
Offshore

UK Oil and Gas Industry Says Windfall Tax Burden Will Hurt Investment

By William Mathis (Bloomberg) — The UK’s oil and gas industry warned that an increase in the windfall tax announced on Thursday threatens investment

November 18, 2022
Total Views: 368

Thursday, November 17, 2022
A support vessel is seen next to a wind turbine at the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain
Offshore

British Renewables Sector Aggrieved by New Windfall Tax

By William Mathis 2(Bloomberg) — Britain’s renewable power industry will sit down with the Treasury on Friday to air grievances over the UK’s

November 17, 2022
Total Views: 1589

Oil tanker British Heritage sails in the Bosphorus, on its way to the Black Sea, in Istanbul
Shipping

Turkey Adds Teeth to Russia Sanctions With Tanker-Insurance Rule

By Alex Longley, Ugur Yilmaz and Ercan Ersoy (Bloomberg) — Turkey warned the world’s oil shippers they will need to prove they’re insured to cross

November 17, 2022
Total Views: 3314

Wednesday, November 16, 2022
U.S. Says Iranian Drone Behind Tanker Attack in Gulf of Oman
Shipping

U.S. Says Iranian Drone Behind Tanker Attack in Gulf of Oman

By Daniel Avis, Alex Longley and Anthony Di Paola (Bloomberg) — The US said an Iranian drone was probably responsible for an attack on an oil tanker

November 16, 2022
Total Views: 6090

LNG carrier with letters L N G on side.
Shipping

America’s Unfinished LNG Export Projects Race to Meet Demand from Fuel-Starved Europe

By Sergio Chapa (Bloomberg) — It’s been eight months since Russia invaded Ukraine, sending global commodity prices soaring and forcing

November 16, 2022
Total Views: 1672

Tuesday, November 15, 2022
cma cgm headquaters and logo with French flag
Shipping

CMA CGM’s Billionaire Boss in Search of Media Acquisitions

By Tara Patel (Bloomberg) — French shipping billionaire Rodolphe Saade is seeking more media acquisitions after snapping up a regional newspaper and

November 15, 2022
Total Views: 2391

nuclear icebreaker convoy
Shipping

Canada Lacks Ability to Track Increasing Arctic Ship Traffic -Auditor

(Bloomberg) — The Canadian government’s ability to track foreign vessels through the Arctic is woefully inadequate and the situation may get worse,

November 15, 2022
Total Views: 2366

Monday, November 14, 2022
Freeport LNG May Extend Texas Plant Outage Through December
Shipping

Freeport LNG May Extend Texas Plant Outage Through December

By Stephen Stapczynski and Anna Shiryaevskaya (Bloomberg) — A major US liquefied natural gas exporter will likely extend an outage that began in June,

November 14, 2022
Total Views: 2911