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CARGILL MARINE AND TERMINAL

Cargill Takes stake in RightShip

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 Continue Rise In Quiet Market

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.


Baltic Panamax Index Down

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


Panamax Slide Should Continue

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


SSA Terminals Invests in Oakland's Future

Image courtesy of SSA Terminals (Oakland)

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


Seaboard Marine's New PortMiami Gate Complex Opens

Terminal Entrance: Photo credit Seaboard

Seaboard Marine informs that the new gate facility allows trucks to flow directly from Port Boulevard into the ninety (90) acre Seaboard Marine terminal. The new gates, at the northeast corner of the Seaboard Marine terminal, will benefit Seaboard’s operations and trucker turnaround through streamlining gate processing while improving overall safety and security. Features of the new facility include multiple scales for inbound cargoes and “reversible lanes”


CSX Appoints Dimmling as Senior VP

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


TTI Appoints New President

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


Korean Shipyard Delivers CMM Tankship

King Gregory Delivery: Photo credit CMM

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


Glimpses of AIS Trends in the PortVision 2014 Crystal Ball

AIS Display: Image Wiki CCL

Houston, Texas-based PortVision, a leading provider of business intelligence solutions for the maritime industry, shares its projections for the top vessel-tracking trends that it believes will have the greatest impact on the maritime industry during 2014. They identify the following trends to watch: Trend #1: Improving real-time visibility and decision-making.  Advances in AIS-based vessel-tracking tools and technology that move the industry beyond simple “points on a map” to on-demand


US Renews ConocoPhillips' Permit for Alaska LNG Export

Photo courtesy ConocoPhillips

The U.S. Energy Department on Monday renewed ConocoPhillips' permit allowing the company to export liquefied natural gas from Kenai, Alaska to all countries. The approval was expected. The U.S. government has allowed LNG exports from Alaska's Kenai terminal for the past 47 years.


Libya to export first cargo since rebel deal

An oil tanker is due to load 1 million barrels of crude on Tuesday from Libya's recently reopened Hariga port, its first export shipment after a deal to end months of closures at its key terminals, the National Oil Corp. (NOC) said. The tanker is due to take its load to Italy


Valparaiso Port Partially Operative after Fire

The port at Chile’s Valparaiso is operating and terminals working, albeit at a slower than usual pace, despite the effects of the fire which swept through part of the city at the weekend, GAC said in its daily Hot Port News report. Strong Pacific coast winds fanned the flames which spread


Great Lakes Shipyard Completes Winter Work

Photo courtesy Great Lakes Shipyard

Great Lakes Shipyard announced winter layup season is wrapping up at the yard after completing repair work on the following vessels: American Steamship Company’s M/V Sam Laud Grand River Navigation’s Manitowoc Interlake Steamship Company’s articulated tug-barge


Libya's Ports Prepare to Load Oil Tankers

 Hariga, Zueitina ports expected to open first  Deal calls for more talks on larger terminals (Adds context, background, oil prices) Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached a deal with rebels to reopen four


UPDATE: After Deal, Libya's Ports Prep to Load Oil Tankers

* Hariga, Zueitina ports expected to open first * Deal calls for more talks on larger terminals (Adds quotes, colour, background, PVS TRIPOLI) ZUEITINA PORT, Libya/TRIPOLI, April 7  - Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government


Indonesia Ports Unaffected by Election

Indonesia's General Election will take place tomorrow, Wednesday, April 9, and the day will effectively be a public holiday for most government institutions and subcontractors. Terminals and port activities, however, will not be affected and will be working as normal


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


Aegis Logistics commissioned ahead of schedule

Tank Farm of Aegis Logistics

Aegis Group, a Leader in Oil, Gas and Chemical Logistics, announced successful early commissioning of the 70,120 KL Bulk Liquid Terminal at Pipavav port on West coast of India.   The Pipavav - Phase I expansion was initiated in February 2013 to set up Bulk Liquid Terminal of 1


Patache Terminal Operative after Quake

GAC informs that the Patache Terminal at Iquique in Chile was declared operative yesterday, April 8, by the Port Authority, one week after the earthquake that shook the area. The EPI Terminal, however, remains out of service due to significant damage at the break water pier


Canada Grain Handlers to Expand, Crops Overwhelm System

Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system. Viterra, owned by Glencore Xstrata PLC, said on Thursday it will spend C$100 million ($92 million) to boost grain


EBDG-designed aluminum ferry to be Constructed

Elliott Bay Design Group has designed a  steel hull, aluminum superstructure vessel which will be built  by Nichols Bros Boat Builders for Wahkiakum County.  The 115  ft. x 47 ft. 6 in 23-Car, 100 passenger ferry, named the M/V 


Protests Close Libya's Western Zawiya Oil Port

Photo courtesy UK Libyan Embassy

Libya's western Zawiya oil terminal has been closed by protesters preventing some oil product tankers from discharging, a government statement said on Friday. Local citizens demonstrating against the General National Council, the country's parliament


First Dacia Imports Arrive at Fos

Photo courtesy Marseilles Fos

The first 402 Dacia cars from Morocco have arrived at Fos aboard the Neptune Lines car carrier City of Oslo under a deal that will see 20,000 vehicles per year imported for the French market. France-bound Dacia cars built at the Renault-Nissan plant in Tangiers are being handled at a new


Zueitina Oil Port Still Closed after Rebel Deal

Libya's eastern Zueitina oil port was still not under government control one week after an agreement with a federalist rebel group to immediately reopen it along with the Hariga terminal, a spokesman for National Oil Corp (NOC) said on Monday.  


 
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