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Woodside and Australian Unions Reach In-Principle Agreement on LNG Contract

Woodside and Australian Unions Reach In-Principle Agreement on LNG Contract

Woodside Energy and its labor unions announced that they have reached an in-principle agreement for an enterprise labor agreement for the company’s liquified natural gas operations in Australia. Energy market analysts welcomed the news noting that the threatened strike against Woodside and Chevron was putting as much as 10 percent of the world’s LNG supply at risk. Negotiations are still ongoing with…

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Amazon, FedEx and United Airlines join Hawaiʻi fire recovery efforts

Amazon, FedEx and United Airlines join Hawaiʻi fire recovery efforts

The state’s transportation department has waived wharfage charges for inbound humanitarian shipments at Maui’s Port of Kahului. Editor’s Note: Want to help? The American Red Cross, American Logistics Aid Network, Hawaiʻi Community Foundation and Maui Food Bank are accepting donations. Carriers and companies continue to join widespread disaster relief efforts after a wildfire ravaged the town of Lāhainā on Maui earlier this month. FedEx has delivered medicine, shelter,…

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Rotor Sail Demand on the Rise as Vessel Efficiency Needs Hit New Heights

Rotor Sail Demand on the Rise as Vessel Efficiency Needs Hit New Heights

Vessel efficiency is once again a major talking point for ship owners and managers following the 80th meeting of the International Maritime Organization’s (IMO’s) Marine Environmental Protection Committee in July. Amidst a renewed commitment to reduce the maritime sector’s carbon emissions was an aim to review and strengthen the energy efficiency design requirements for ships, including the regulations by which…

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MABUX: Bunker Weekly Outlook, Week 32, 2023

MABUX: Bunker Weekly Outlook, Week 32, 2023

Over the Week 32, the MABUX global bunker indices showed relatively minor fluctuations, demonstrating moderate growth. The 380 HSFO index rose by 3.83 USD: from 554.65 USD/MT last week to 558.48 USD/MT. The VLSFO index added 5.44 USD (662.64 USD/MT versus 657.20 USD/MT last week). The MGO index also gained 2.86 USD (from 926.57 USD/MT last week to 929.43 USD/MT).…

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Baltic index falls on weakness in capesize rates

Baltic index falls on weakness in capesize rates

The Baltic Exchange’s main sea freight index .BADI edged lower on Thursday as a decline in capesize rates overshadowed advances in the panamax segment. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, ticked down by 7 points, or 0.6%, to 1,137. * The capesize index .BACI fell 78 points,…

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