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.
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 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 (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 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 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
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
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
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
Industrial Emergency Services LLC (IES) says that as part of its ongoing nationwide expansion of land-based and maritime emergency response and related safety services, it has added capabilities on the East Coast to supplement its existing Gulf Coast and West Coast infrastructure.
BMT Consultants India (BMT), an international maritime design, engineering and risk management consultancy, announced a partnership with Bibby Ship Management to deliver training for marine pilots. Based at Bibby’s state of the art training center at St Xavier’s Technical Institute in
A North Korean-flagged tanker has finished loading crude at the Libyan rebel-controlled port of Es Sider but has not yet left the terminal, Libyan oil officials said on Monday. Libya's government has threatened to bomb the Morning Glory should the tanker try sailing off with crude from the
Inchcape Shipping Services (ISS), a maritime services provider, announced a new hire within its Cargo Solutions division, with the appointment of Michael Ferguson as Vice President, Cargo Solutions, Terminals and Port Infrastructure. With more than 35 years’ experience working in senior
Members of the G6 Alliance released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process
Pronautas B.V. GmbH announced that its connectivity solution has been selected by Caiano Shipping III AS (Norway) for 11 Green Reefers vessels. Pronautas will provide a total turnkey connectivity solution comprising Sailor VSAT 900B antenna, Astrium’s Airtime and Xchange box
Houston-based LNG fuel supply and distribution company LNG America LLC announced today that it has contracted Jensen Maritime, Crowley Maritime Corp.'s Seattle-based naval architecture and marine engineering company, to design the initial bunker/shuttle barge for its U.S. Gulf Coast operations.
APM Terminals and Brookfield Asset Management announce the formation of a joint venture at APM Terminals’ Port Elizabeth, New Jersey facility, subject to the Port Authority of New York/New Jersey and regulatory approvals which are targeted to be received in the next couple of months.
Cargo movement technology experts Navis inform that DP World’s Terminales Rio de la Plata (TRP), the largest container facility in Argentina, successfully went live on the Navis N4 terminal operating system (TOS). A Navis SPARCS and Express customer since 1994
Reuters - Singapore plans to build a second terminal for liquefied natural gas (LNG), as it aims to create a regional trading hub for the fuel, Prime Minister Lee Hsien Loong said on Tuesday. The city-state - located strategically on the main shipping route between Europe and Asia - started
Reuters - Brazil's Vale SA will launch in March the first phase of its iron ore storage and distribution center in Malaysia that will improve its access to China, its biggest customer, a company official said on Tuesday. The world's top iron ore miner
Inchcape Shipping Services (ISS) warned that this week’s industrial action by truck drivers serving Port Metro Vancouver is expected to severely impact Canada's largest and most diverse port. A strike notice has been issued to the port authority by the United Truckers Association
Ireland’s Liebherr Container Cranes say they have recently commissioned seven straddle carriers at ECT Delta Terminal in Rotterdam. The straddle carriers operate in the landside interface zone, shuttling between the automatic stacking cranes and trucks
Port Metro Vancouver is taking steps to ensure the safety of the port and port users, and the smooth movement of goods in the face of ongoing disruption to operations by members of the United Truckers Association. This group of truckers is protesting the wages paid by those who hire them
Reuters - East Coast refiners slashed imports of lighter, sweet crudes from countries like Norway and Nigeria last year as they commissioned new rail offloading terminals to increase use of domestic Bakken and Canadian crudes. By mid-year