US Navy To Deploy Anti-Ship Missiles on Subs
By Tony Capaccio (Bloomberg) The US Navy plans to begin arming submarines next year with ship-targeting versions of the widely used Tomahawk missile, part of Washington’s push to ramp up military...
View ArticleUK Sanctions on Russian Tanker Firm Show Effort to Curb Evasion
(Bloomberg) — UK sanctions against a Dubai-based company that controls Russia’s state-controlled oil tanker fleet are the latest sign that Western authorities are starting to react to Moscow’s effort...
View ArticleShadow Fleet Tanker Grounding Near Singapore Underscores Environmental Risks
By Bloomberg News (Bloomberg) — A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of...
View ArticleGlobal Trade to Drop 5% This Year Amid Geopolitical Headwinds
(Bloomberg) — Global trade will decline in 2023 by about 5% from last year’s record as high borrowing costs weigh on economies, US-China tensions redirect supply chains and more policies restricting...
View ArticleShipboard Guards Exchanged Fire with Attackers in Latest Red Sea Incident
By Rakteem Katakey and Alex Longley (Bloomberg) — Armed guards on a fuel tanker exchanged gunfire with a small boat in the Red Sea, another sign of escalating risks in one...
View ArticleUS Working with Allies on Solution to Stop Houthi Red Sea Attacks
(Bloomberg) — The US is working with allies to create a multinational effort to protect ships passing through the Red Sea in an effort to stem a surge in attacks...
View ArticleMaersk Tankers Raises Option to Avoid Red Sea
By Alaric Nightingale (Bloomberg) — Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships...
View ArticleMore Red Sea Ship Attacks Raise Risks to Trade
Update: Maersk has instructed all Maersk vessels bound to pass through the Bab al-Mandab Strait to pause their journey until further notice in response to the growing number of attacks...
View ArticleShipping Giants Pause Red Sea Voyages, Dealing Blow to Global Trade
By Alaric Nightingale and Sanne Wass (Bloomberg) — Spiraling attacks on merchant ships by Houthi militants off the coast of Yemen have prompted widespread trade disruption with some of the world’s...
View ArticleMSC Ships Turn Away From Red Sea As Trade Disruptions Mount
By Brendan Murray Dec 16, 2023(Bloomberg) –MSC Mediterranean Shipping Co. SA, the world’s largest container line, joined competitors in diverting ships away from the Red Sea to avoid the threat of...
View ArticleBlack Sea NATO Navies Agree To Clear Mines
By Selcan Hacaoglu (Bloomberg) Turkey, Romania and Bulgaria plan a joint force to clear mines drifting into their areas of the Black Sea as part of the fallout from Russia’s invasion...
View ArticleUSS Carney Shoots Down Another 14 Houthi Drones
By Brendan Murray and Charles Capel (Bloomberg) The US Navy said it shot down 14 drones in the Red Sea launched from Houthi-controlled areas of Yemen as attacks on commercial carriers...
View ArticlePanama Canal To Ease Drought Restrictions In January
By Joe Ryan (Bloomberg) The Panama Canal, which has been strained by drought for months, will increase the number of ships it accepts each day starting in January, thanks to better-than-expected...
View ArticleBP To Pause Red Sea Oil Tanker Transits
By Rachel Graham (Bloomberg) BP said it will pause all its oil tanker shipments through the Red Sea following an escalation of attacks on merchant shipping by Houthi militants. “In light...
View ArticleGlobal Trade Faces Turmoil as Houthi’s Disrupt Red Sea Shipping
By Rachel Graham, Brendan Murray and Alex Longley (Bloomberg) —Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as...
View ArticleRed Sea Shipping Chaos, By the Numbers
(Bloomberg) — A chunk of global shipping is now avoiding the Red Sea after a run of attacks on vessels in the key waterway that is vital for the transportation...
View ArticleShipping Industry Braces for Long Haul Without Key Trade Route
By Alex Longley, Áine Quinn and Jack Wittels (Bloomberg) — The global shipping industry is bracing for the prospect of living without its most important trade route for weeks. Even as...
View ArticleOperation Prosperity Guardian: Can The US-Lead Naval Force End Houthi Ship...
By James Stavridis (Bloomberg Opinion) US Secretary of Defense Lloyd Austin has announced a new military effort in the Middle East: Operation Prosperity Guardian. It will bring together a coalition of...
View ArticleOver 100 Containerships Rerouted as US Weighs Red Sea Response
By Stefan Nicola (Bloomberg) — More than a hundred container ships are taking the long route around Africa to avoid violence in the Red Sea, creating extra costs and delays,...
View ArticleLNG Shipping Rates Are Slumping Despite Red Sea Chaos
By Anna Shiryaevskaya (Bloomberg) — It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker, despite turmoil in the Red Sea that is forcing some...
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