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ARCHER DANIELS MIDLAND

Cargill to Build Grain Terminal in West Memphis

U.S. agribusiness Cargill Inc said it will build a grain handling facility in West Memphis, Arkansas, to purchase corn, sorghum, soybeans and wheat that the company could ship down the Mississippi River to U.S. Gulf Coast export terminals. Minneapolis-based Cargill, one of the world's largest private companies, said on Thursday it will invest $45 million in the terminal in West Memphis, located on the western bank of the Mississippi. The river is the main shipping route to the Gulf, where about 60 percent of all U.S. corn, soybeans and wheat exports exit the country. When completed, the elevator will be capable of loading up to eight barges daily and of holding up to five barges, Cargill said in a release that did not provide a timeline for the project. Competitors Bunge Ltd and CHS Inc also have facilities in West Memphis while Archer Daniels Midland Co has an elevator on the other side of the river in Memphis, Tennessee. "The West Memphis location will be easy to reach with large semi-loads of grain, and will have excellent access for loading barges, during both high and low river levels," said Fred Oelschlaeger, regional manager for Cargill's southern river region. The facility will complement Cargill's elevator just north of that location in Hales Point, Tennessee, where a $25 million modernization project that tripled the grain handling capacity was completed in 2012, the company said.


Seminole Chooses L&R Midland to Sell Fleet

Tampa-based Seminole Electric Cooperative, Inc. has chosen L&R Midland, Inc., Houston, as its exclusive broker for sale or lease of vessels from Seminole's marine fleet. Seminole's fleet consists of 14 towboats and 111 superjumbo open hopper barges. The vessels are available due to Seminole's move to an all-rail system for transporting coal to its generating station in Putnam County, Fla. The vessels are fleeted in several locations


This Day in Naval History - May 06

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 Milton Miles arrives in Chungking, China, to begin building an intelligence and guerilla training organization, Naval Group China. 1945 - Naval landing force evacuates 500 Marshallese from Jaluit Atoll, Marshall Islands. (Source: Navy News Service)


This Day in 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 Milton Miles arrives in Chungking, China, to begin building an intelligence and guerilla training organization, Naval Group China 1945 - Naval landing force evacuates 500 Marshallese from Jaluit Atoll, Marshall Islands


This Day in Navy History

September 19 1915 - SECNAV Josephus Daniels organizes the Naval Consulting Board to mobilize the scientific resources of U.S. for national defense. 1957 - Bathyscaph Trieste, in a dive sponsored by the Office of Naval Research in the Mediterranean, reaches record depth of 2 miles 1992 - Joint Task Force Marianas stands down after providing assistance to Guam after Typhoon Omar September 20 1911 - Navigational instruments first requested for naval aircraft.


Ariel Adds New Sales/Marketing Staff

Anil Sethi, Managing Director of Ariel Maritime and Ariel Global Logistics welcomed a new member of their Manchester based Sales and Marketing staff: Nigel Huntington joined their Sales Team in January 2014 and will be working out of the company’s Manchester head office. Huntington joins Ariel Maritime to spearhead their Business Development Dept. and boost sales in the Northeast and Midlands. arielmaritime.com


This Day in Coast Guard History – August 30

1852- Congress passed the Steamboat Act which established the Steamboat Inspection Service under the control of the Treasury Department (10 Stat. L., 1852).  The Act provided for the appointment, by the President, with the advice and consent of the Senate, of nine supervising  inspectors.  These men, experts in the construction and operation of commercial craft, were paid by the Government.  They were to meet once a year for the purpose of consultation and the promulgation


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, workover and maintenance of drilling facilities on 18 of Statoil’s 20 fixed platforms on the Norwegian Continental Shelf (NCS). According to the company, it is the largest NCS contract award since 2010.


Shell Advances Peterhead Clean Energy Project

Peterhead

Shell has signed an agreement with the U.K. Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design. The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power station in Aberdeenshire, aims to capture10 million metric tons of CO2 over 10 years. This will generate enough clean electricity to power the equivalent of 500,000 homes a year


Evergreen to Start Own Rotterdam-Dublin Feeder

Via  Evergreen hub Rotterdam, the Merseyside and Ireland get greater access to its worldwide service network

  Evergreen Line is to operate its own feeder link between Rotterdam and Dublin as part of a local network revamp that includes an upgrade of its Liverpool service. Evergreen will run its own independent service on a weekly shuttle basis between its hub in Rotterdam and Dublin. It will also start a slot exchange arrangement with common carrier X-PRESS feeders on its weekly Dublin service from Rotterdam. As part of the same slot exchange


Seadrill Steers a Steady Course in Q1 2013

Drillship photo courtesy of Seadrill

In its first quarter 2014 financial results Seadrill reported revenues were US$1,221 million compared to $1,469 million in the fourth quarter of 2014.  The decrease is primarily due to the deconsolidation of the Seadrill Partners and downtime on the West Alpha, West Phoenix, West Pegasus


Evergreen Enhances UK and Ireland Services

Global container carrier Evergreen Line announced enhancements to its services to/from Dublin (Ireland) and Liverpool (Northwest England). From its hub in Rotterdam, the line will offer a twice-weekly service to Dublin and dedicated slots on a weekly basis to Liverpool.


First Grain Shipload Leaves ADM Brazil Port

Loading grain: Photo Geograph cr. Bob Jones

The first loaded vessel has departed Archer Daniels Midland Company’s (ADM) new export terminal in Barcarena, in the northern Brazilian state of Pará. ADM explains that the terminal is a significant addition to ADM’s expanding logistical network in Brazil


Seadrill's Q2 2014 Revenue Holds Nearly Steady

Drill ship: Photo courtesy of Seadrill

Revenues for the second quarter of 2014 were US$1,222 million compared to US$1,221 million in the first quarter of 2014, according to the company's financial report. Operating profit for the quarter was US$476 million compared to US$890 million in the preceding quarter


Palfinger Delivers Two Offshore Cranes

Archer, the global oilfield service provider, has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the Heimdal field in the Norwegian North Sea. Archer has selected the German rig manufacturer MAX STREICHER GmbH & Co. KG aA for its VDD 400


Gulf Coast Shipyard Group is Gulfport's Newest Tenant

John Dane III, President, Gulf Coast Shipyard Group

Gulf Coast Shipyard Group, Inc.—a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets as well as the Trinity Yachts brand— has announced its expansion by signing a three-year lease with one-year options with the Port of Gulfport.


Rig Decommissioned in Gomez Field

InterMoor - Innovator.jpg

Acteon company InterMoor completed decommissioning operations of the Innovator platform in the Gulf of Mexico’s Gomez field, Mississippi Canyon Block 711. Conducted in water depths of 910 meters, the scope of work involved disconnecting 10 risers/umbilicals; disconnecting 12 mooring lines


Peel Ports Invests £8m in the Port of Liverpool

Photo courtesy Peel Ports

An £8 million investment in the Port of Liverpool’ animal feed warehouse facility makes it the largest of its type in the U.K., increasing capacity by 60% to 400,000sq.ft, allowing Peel Ports Group to add value to its customer supply chains and create effective logistics solutions


Cargill Earnings Hit by Commodity Market Disruptions

Cargill Inc said on Tuesday its quarterly earnings fell 28 percent, making it one of the largest companies yet to demonstrate how big commodity market disruptions this year have hurt its bottom line. Minneapolis-based Cargill, a top global commodities trader


Midland Surveying Awarded DofD Contract

In the latest listing of US Department of Defense contracts, Midland Surveying, Inc., Maryville, Mo., was awarded a $9,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for architect-engineer surveying and mapping of shallow water habitat


Today in U.S. Naval History: May 5

USS New Hampshire (U.S. Navy photo)

Today in U.S. Naval History - May 5 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, D.C.


Barge Shipments of Brazil Soy Bound for US Midwest Crushers

Deep discounts for Brazilian soybeans are creating an unexpected new market with U.S. processors and animal producers far upstream in the heart of the Midwest farm belt where the beans will be shipped on barges. While light soybean imports by U.S


Payment Problems Disrupting Iran Food Deals

  Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure. Iran is not barred from buying food or other


IADC Presents Sea Safety Awards

IADC Safety Award winner 2014

The International Association of Drilling Contractors (IADC), North Sea Chapter once again recognized the very best in safety performance at its annual Safety Awards Ceremony held in Aberdeen. Julian Hall of Ensco, North Sea Chapter Chairman


Argentina Won Lottery With Vaca Muerta Shale Field - Chevron

Image

  Argentina has won the "geological lottery" with its 1,000-foot-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country.






 
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