ARCHER DANIELS MIDLAND
Mississippi River Reopens to Barges after Gustav
The entire Mississippi River, the most important commercial waterway, has reopened to barge traffic after being closed near due to Hurricane Gustav, the Coast Guard said. More than 300 miles of the commercial waterway, stretching from to the , was closed following the landfall of the Category 2 hurricane on Monday. Reports said major grain companies such as Cargill Inc, Archer Daniels Midland Co and Bunge Ltd are still awaiting electricity to be restored to their grain export terminals on the lower Mississippi River in .
ADM Buys 5 Ships to Network
According to an Oct. 15 report from the Associated Press, Agribusiness leader Archer Daniels Midland Co. said it has acquired five cargo ships to help it transport grain worldwide with greater flexibility and at lower cost than outside carriers. (Source: Associated Press)
U.S. Food Could Be Headed To Cuba
Reuters reported that, for the first time in nearly four decades, a shipment of food from the U.S. could be headed to Cuba. According to the report, Archer Daniels Midland Co. - pending final U.S. Administrative approval - awaits to transport the corn, having already received approval to sell it, the New York-based U.S.-Cuba Trade and Economic Council reported. The shipment is said to consist of 24,000 metric tons of corn from seven states. Last fall, the U.S
AWO Elects New Chairman, Vice Chairman
The members of the American Waterways Operators (AWO), the national trade association for the American tugboat, towboat and barge industry, elected Mr. Royce C. Wilken as Chairman and Mr. H. Merritt Lane as Vice Chairman on Friday, April 20 during the AWO Spring Convention in Washington. Mr. Wilken is President of American River Transportation Co. (ARTCO), headquartered in Decatur, IL, and served as vice chairman for the past year. Mr
Bulk Carrier to Ride on Bubbles to Reduce CO2 25%
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new bulk carrier which it repotes will enable reductions in CO2 emissions by about 25% compared with conventional averaged bulk carriers. As the first commercial application of the new design, MHI will provide its conceptual design and green technologies to three grain carriers to be built for Archer Daniels Midland Company (ADM) of the U.S. MHI's new bulk carrier design adopts the company's proprietary Mitsubishi Air Lubrication System
ARTCO Turns to Class NK's SMSLLC for TSMS Help
SMSLLC to help leading tug and barge operator to prepare for new Towing Safety Management Regulation. Safety Management Systems LLC announced on April 18, 2013 that it has won a contract from American River Transportation Company (ARTCO) to assist the company to establish a Towing Safety Management System (TSMS) in accordance with pending U.S. Coast Guard (USCG) Subchapter M regulations. ARTCO, a wholly owned subsidiary of Archer Daniels Midland Company (ADM), is one of the largest U.S
Frontline Sells Suezmax Tanker
Frontline has entered into an agreement to sell one of its 2000-built Suezmax tankers, Front Archer. Front Archer was designed and built with future employment as shuttle tanker in mind and is equipped with controllable pitch propeller and thruster tunnel. It is the buyer's intention to use the vessel in shuttle operations. Frontline took delivery of the Front Archer in February 2000 and the vessel has traded in the spot market from delivery
Alaska Drill Rig Refit Contract Terminated
Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs. The contract was for Archer Drilling to act as project manager of modifications and repairs to the Endeavour-Spirit of Independence jack-up rig owned by Kenai Offshore Ventures, LLC, which is a joint venture between Buccaneer, Singapore based Ezion Holdings Limited and the Alaska Industrial Development and Export Authority (“AIDEA”)
Singapore Navy Submarine Returns from Swedish Refit
The Singapore Navy's second 'Archer-class' submarine 'RSS Swordsman' returns to Singapore after upgrading. The Republic of Singapore Navy's (RSN) Archer-class submarine, RSS Swordsman, has arrived at Changi Naval Base (CNB) from Sweden. Chief of Navy, Rear-Admiral Ng Chee Peng, and other senior naval officers were present at CNB to witness its return. Launched in Karlskrona, Sweden, on 20 October 2010
Moody’s Reviews Rating of Midland Enterprises
Moody's Investors Service placed the debt rating of Midland Enterprises debt under review for potential downgrade following the announcement by its parent company, KeySpan Corporation, of KeySpan's intent to sell Midland to Ingram Industries. According to KeySpan, the transaction contemplates that Ingram Industries would assume approximately $135 million of Midland debt in a transaction expected to close during the second quarter of 2002
Today in U.S. Naval History: May 6
Today in U.S. naval history - May 6. 1909 - Great White Fleet anchors in San Francisco 1916 - First ship-to-shore radio telephone voice conversation from USS New Hampshire off Virginia Capes to SECNAV Josephus Daniels in Washington, DC 1942 – Capt
Double Triumph for Stork Technical Services
Stork Technical Services, a global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, won two awards at this year’s U.K. Oil and Gas Industry Safety Awards. Marc Brankin, Scaffold Chargehand for Stork won The Most Promising
Mississippi Port Names New Executive Director
Following a national search, the Board of Commissioners of the Mississippi State Port Authority at Gulfport selected Jonathan Daniels as the port’s new executive director. Daniels comes to the Port of Gulfport from the Port of Oswego in upstate New York where he served as executive
UDEI Hosts Wind Energy Symposium
Experts explore future of wind energy research in two-day symposium at the University of Delaware Energy Institute (UDEI). How would wind turbines in the ocean alter the wind flow? Is wind energy a practical solution for powering electrical grids?
Seaway Cargo Shipments Up 3%
Continued demand for iron ore, coal, and general cargo for the industrial and manufacturing sectors lifted the tonnage numbers along the Great Lakes-Seaway System to the positive column. For the period March 22 to November 30, year-to-date total cargo shipments were 34
Seadrill Offshore Services Links With Malaysia's SDRL
SapuraKencana Petroleum Berhad (SDRL) & Seadrill Limited sign MOU to integrate their tender rig businesses. The new and restructured tender rig business will mark a new phase of cooperation between the two companies. The enlarged tender rig business under SapuraKencana will
Researchers Say Wind Enough to Satisfy World Power Demands
Researchers used a sophisticated climate model to show wind can meet many times the world's total power demand by 2030. If the world is to shift to clean energy, electricty generated by the wind will play a major role – and there is more than enough wind for that
August Seaway Cargo Shipments Up
August Seaway cargo shipments up nearly 7 percent. The St. Lawrence Seaway reported a 6.78 percent increase for total cargo shipments in August – 4.3 million metric tons – compared to August 2011. For the period March 22 to August 31, year-to-date total cargo shipments were 21
Global Diving & Salvage Welcomes Ryan Smith
Global Diving & Salvage, Inc. Welcomes Ryan Smith as new Gulf Coast Region General Manager. Global Diving and Salvage, Inc., based in Seattle, WA, announces the hiring of Ryan Smith as general manager for its Gulf Coast Regional office, based in Houston, TX. In this position, Mr
Seaspan Selects IFS Applications to Support $8B Navy Deal
IFS North America said that Seaspan has selected IFS Applications as its Shipbuilding materials requirements planning (MRP) solution. IFS Applications was chosen because it provides a powerful project-based solution (PBS) with the ability to control cost and schedule in real-time
UK's SRO Software Helps in Timely Delivery of Australia FPSO
An SRO Data Replicator assisted in completion on schedule of PTTEP Australia's new Floating Production & Storage vessel (FPSO) Working on a project to develop oilfields in the southern Timor Sea PTTEP built a new floating production, storage and offloading (FPSO) vessel
Statoil Awards US$ 5-billion Offshore Drilling Contracts
KCA Deutag, Odfjell Drilling, and Archer are to share 30 billion kroner’s (USD 5 billion) worth of Statoi offshore drillingl contracts on the Norwegian Continental Shelf The five billion dollar assignment includes drilling of new wells, plugging of old wells
Strong & Steady Start for Seaway
Positive Outlook as St. Lawrence Seaway Opens the 2012 Season. The steel and construction industries pushed the demand for North American commodities such as iron ore, stone and cement, and provided the 2012 shipping season with a solid start. The St
Swire Oilfield Services Expands in North America
Swire Oilfield Services (Swire), has reinforced its commitment to growth with a significant investment in its North American operations, as part of the company’s global $150 million investment this year. The company entered the Gulf of Mexico in 2007 with the establishment
North Sea Platform Gas Leak – Source Identified
Total say the gas comes from a rock formation above the reservoir of the Elgin producing field The leaking hydrocarbons are believed to be coming in the well from a rock å which is above the producing reservoir of the Elgin field. The volume of this gas ingress is therefore difficult