EU Considers Russian Oil Shipping Ban as Part of Price Cap

By Alberto Nardelli and Ewa Krukowska (Bloomberg) — The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price…

By Alberto Nardelli and Ewa Krukowska (Bloomberg) — The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price...

China Warns Waning Global Demand Is Top Threat to Trade

(Bloomberg) — Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to…

(Bloomberg) — Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to...

World’s Largest Shipping Line MSC Announces New Air Cargo Service

By Bryce Baschuk (Bloomberg) — Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid…

By Bryce Baschuk (Bloomberg) — Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid...

Major Shareholders Raise Offer for Seaspan Takeover

By Layan Odeh (Bloomberg) — A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas Corp.,…

By Layan Odeh (Bloomberg) — A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas Corp.,...

Fiona Slams Into Nova Scotia With Fierce Wind, Flooding Rain

By Brian K. Sullivan Sep 24, 2022 (Bloomberg) —Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the…

By Brian K. Sullivan Sep 24, 2022 (Bloomberg) —Fiona, the most powerful storm of this year’s Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of the...

Nigeria Pins Hopes On Deep Sea Port To End Cargo Congestion

(Bloomberg) –Nigeria is betting a deep sea port set to open early next year will help revive an economy grappling with soaring inflation, stagnating growth and slumping foreign investment. Cargo…

(Bloomberg) –Nigeria is betting a deep sea port set to open early next year will help revive an economy grappling with soaring inflation, stagnating growth and slumping foreign investment. Cargo...

US To Speed Up Nuclear Submarine Deal With Australia

By Sybilla Gross (Bloomberg) The US is discussing accelerating the production of nuclear submarines to bolster Australia’s defense capabilities in an effort to counter China’s growing military influence in the Asia…

By Sybilla Gross (Bloomberg) The US is discussing accelerating the production of nuclear submarines to bolster Australia’s defense capabilities in an effort to counter China’s growing military influence in the Asia...

Watch: Inside the Hijacking of a $100 Million Oil Tanker

By Kit Chellel, Matthew Campbell and Angus Bennett (Bloomberg) — In July 2011, the oil tanker Brillante Virtuoso was drifting through the treacherous Gulf of Aden when a crew of…

By Kit Chellel, Matthew Campbell and Angus Bennett (Bloomberg) — In July 2011, the oil tanker Brillante Virtuoso was drifting through the treacherous Gulf of Aden when a crew of...

Energy Crunch in Europe Hits Demand for Commodity Ships

By Elizabeth Elkin and Isis Almeida (Bloomberg) — The cost of shipping commodities like grains, metals and coal has fallen as soaring energy prices in Europe throttle global economic growth. Manufacturers…

By Elizabeth Elkin and Isis Almeida (Bloomberg) — The cost of shipping commodities like grains, metals and coal has fallen as soaring energy prices in Europe throttle global economic growth. Manufacturers...