CARGILL MARINE AND TERMINAL
The ship vetting company RightShip Pty Ltd confirmed that Cargill has acquired a one third stake in the company. Shares were sold in equal amounts by founding partners, BHP Billiton and Rio Tinto. Cargill, the international food, agriculture and risk management company, is one of the world’s major users of shipping, especially dry bulk vessels. RightShip’s CEO, Warwick Norman, welcomed Cargill’s decision to become a one third partner as a vote of confidence in RightShip’s vetting services, and praised their practical commitment to raising shipping standards. “The decision by Cargill to invest in RightShip is a great boost to us, and recognition of how relevant and useful our vetting services are to shipping businesses of all sizes. Cargill’s involvement widens our network, increases our capacity and expertise while strengthening our ability to further improve global shipping standards,” he said. All RightShip partners believe that a more standard and uniform vetting system across bulk trades can benefit the shipping industry as a whole. By leading the adoption of screening standards across the dry bulk segment, RightShip is positioned to make a significant step forward as the major global vetting platform for bulk trades. The combination of vetting information and experience provided by all three stakeholders will deliver a more comprehensive, integrated and user friendly vetting system for all RightShip partners and clients
Dry cargo rates continued to rise on Tuesday, but the market was quiet following Monday's Labor Day holiday in the U.S., brokers said. Cargill chartered the Ken Pan built in 1984 to ship 31,000 tons of maize from Durban to Japan 10/20 September at $22.75. The Baltic Dry Index (BDI) rose five points to 1,671, the Baltic Panamax Index four points to 1,616, the Baltic Handy Index six points to 1,169 and the Baltic Capesize Index by seven points to 2,239.
Panamax owners are unlikely to experience any relief from the current slide in earnings until March. February load freight rates have fallen further as a result of reduced enquiry, most obviously in the Atlantic, for both grain and mineral Panamax loads. Brokers expect that this situation will continue until South American grain shipments emerge in March. The noticeable absence of Japanese charterers has undermined the already weaker Panamax grain trades in the Far East
The Baltic Panamax Index was down 3 to 1,253 points last Wednesday, the Capesize down 16 to 1,739, the Handy Index down 4 at 954 and the Dry Index down 7 to 1,313 points. Brokers reported generally sluggish conditions in the freight market. Cargill booked 55,000 heavy grain USGulf/Holland with Ateni at $12 and were also understoood to have fixed Bariloche for 54,000 heavy grain Baie Comeau to Japan for Nov 12/25 at $21.50 no combo although some sources put the rate at $22.25
SSA Terminals (Oakland) announces the expansion of its Port of Oakland marine terminal facilities. SSA Terminals (Oakland) is expanding its Oakland International Container Terminal (OICT) operations to meet the growing needs of the maritime industry. With the expansion, OICT is the largest container terminal in Northern California, providing a 271-acre facility and servicing 20 international carriers. The enlarged OICT will consist of 5 contiguous berths, stretching no less than 6,000 feet
CSX World Terminals announced the promotion of Arno H. F. Dimmling to senior vice president and chief operating officer for CSX World Terminals, effective immediately. In his new role, Dimmling will oversee CSX World Terminals' operating policies and procedures and will direct the management of line operations in Europe, the Americas, Australia and Korea. CSX World Crane Services, CSXWT Operations Consulting and Information Technology will also have direct accountability to Dimmling is
Consolidated Marine Management (CMM) take delivery of 'King Gregory', first of two fuel-efficient medium-size tankers from Hyundai Mipo. The 52,000 dwt King Gregory, is the first of two medium-range (MR), IMO II & III-class oil/chemical tankers contracted by Latsis Group's Consolidated Marine Management. Classed by Lloyd’s Register, the oil-and-chemical carrier has latest environmental and efficiency features
Total Terminals International (TTI), the West Coast joint-venture terminal operator between Hanjin Shipping and Marine Terminals Corp., announced the appointment of James Kwon as its new president to replace current CEO Y.M. Kim, effective Jan.16, 2004. Kim leaves TTI to join Hanjin's management team in Korea as its senior executive vice president in charge of HR, strategic planning, new business development and general administration
Nigerian port growth boosted by investment, results in surge last year of number of container vessels & container traffic in first quarter 2012 Nigerian port container throughput has increased in the first quarter by 5.7 per cent to 210,057 TEU laden due to investments by the Nigerian Ports Authority (NPA) and terminal operators, said the NPA general manager Michael Ajayi. Vessel traffic surged by 42 per cent to 63,992 units compared to previous year's 45
Navis SPARCS N4 Terminal Operating System (TOS) reaches critical milestone with 100 terminals globally. Navis, a part of Cargotec Corporation and the global technology standard for managing the movement of cargo through terminals, has reached a critical milestone as more than 100 of the world’s leading terminals have named Navis SPARCS N4 as their official terminal operating system (TOS) of record. To date
BMT Surveys (BMT), a subsidiary of BMT Group Ltd, an international design, engineering and risk management consultancy, has announced the opening of a new office in Geneva, to support its rapid expansion across Europe. Providing further support to clients in Switzerland
Navis say that container terminal operators Modern Terminals Limited has gone live on the Navis N4 terminal operating system (TOS) at Da Chan Bay Terminal One (DCB), located in Shenzhen, China. N4 is Navis’ latest generation TOS, allowing customers the flexibility and scalability needed
Strategic Marine makes headway in marine infrastructure sector with two new projects underscoring fabrication capabilities Strategic Marine announced today it is constructing two marine infrastructure fabrication projects in its Vietnam shipyard. Both projects are for Australian clients.
Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands (CNMI) and Micronesia services by $275 for both westbound and eastbound containers, effective January 26
Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Hawaii service by $175 per westbound container and $85 per eastbound container, effective January 5, 2014
Inchcape Shipping Services (ISS) is advising that oil tankers are remaining at anchorage having been evacuated from Qingdao Port, China. Currently only the oil terminals are affected, with the exception of Dagang terminal, located at east Jiaozhou Bay
DP World Australia completes next phase of TOS standardization & centralization with Navis N4 Go-Live in Melbourne, following on from successful implementations at Port of Botany & Fremantle, with a fourth scheduled for Brisbane in Q1 2014.
One of Asia’s largest port authorities has signed a landmark cooperation agreement with the company building a new container terminal at Liverpool in the heart of the U.K. Peel Ports Group and Busan Port Authority will now work together to hone technical
DCT Gdansk is now officially a member of a club of container terminals handling 1 million TEU annually and more. After only 6 years of operating, DCT Gdansk became a hub port for Central - Eastern Europe and Russia, serving as a true gateway leading to Poland and other Baltic states
Shangai's Baoshan District Committee aims to see the Wusongkou Interational Cruise Terminal become the flagship cruise terminal in China and even in Asia, by proactively connecting to the new Shanghai Free Trade Zone. Ultimately, the developers of the Wusongkou Interational Cruise Terminal
EBITDA of $37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter. For the chemical tankers business, activity over the summer and through the third quarter held steady and was in line with the second quarter on both contract nominations and
United Bulk Terminals USA Inc. and Oldendorff Carriers GmbH & Co. KG announced a cooperative agreement to market combined loading and shipping of coal and petroleum coke in capesize vessels from the U.S. Gulf Coast to India and East Asia
With the arrival of MOL Caledon, DP World’s London Gateway received its first scheduled ship call last week. Specialist freight transport and cargo handling insurer, TT Club provides the liability cover for the U.K.’s newest container terminal.
Inchcape Shipping Services advises of strike action at Lisbon commercial ports by the Stevedores’ Union which is set to have a major impact on port operations in the coming weeks. It is anticipated that the ongoing wave of strike action will cause major backlogs at Lisbon commercial ports
President Barack Obama toured the Napoleon Avenue Container Terminal and spoke to a crowd of more than 500 on the importance of growing the nation’s economy through increased exports. He highlighted the 60 percent of the nation’s grain that is exported by ports along the Lower