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CARGILL MARINE AND TERMINAL

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.


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


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.


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”


New Marine Terminal for Delaware River

Paulsboro in 1965: Photo Wiki CCL

Holt Logistics Corp. says it has entered into a partnership with the South Jersey Port Corporation (SJPC) for the construction of a new, state-of-the-art marine terminal in Paulsboro, New Jersey. The announcement was made at a press conference attended by Governor Chris Christie, Senate President Stephen Sweeney, the Board and staff of the South Jersey Port Corporation, various Gloucester County executives and representatives of Holt Logistics at the future site of the facility


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


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


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


Essar Ports Profits up by 5%

Logo

  Essar Ports Ltd. a part of Essar, today announced its unaudited results for the quarter ended 31st December 2014. Highlights of Consolidated Results: Revenue for the quarter stands at Rs. 434.3 cr, an increase of 9% over corresponding quarter in FY14.


Indonesia’s Pelindo I Aims High

Image by Pelindo I

Indonesian state-run port operator Pelindo I plans to modernize and expand five of its ports this year. It has invested $2.7bn to develop ports in support of President Joko Widodo's maritime highway construction program.  The five ports scheduled for this year included Malahayati port


RUMBA Sails with 'Spirit of Malabo' Onboard

Antillean Marine Shipping Corporation Puts Rower Back On Course

  A container carrying the twenty-four foot Brazilian built ocean rowboat, Spirit of Malabo, left the Port of Cap Haitian on Saturday en-route to Port Everglades Terminals (PET) in Florida aboard Antillean Marine Shipping Corporation vessel RUMBA.


Winter Storm Closes New York/New Jersey Terminals

All marine terminals at the Port of New York and New Jersey are expected to close around 3: 30 p.m. today and remain closed all day tomorrow as a severe winter storm is expected to bring heavy snowfall to the area. Weather forecasts predict that total snow accumulation will likely exceed two


FMC: US Port Congestion a Top Priority

Photo: Port of Long Beach

Federal Maritime Commission (FMC) Chairman Mario Cordero announced to staff January 13 that his priority for the Commission in 2015 is addressing congestion issues that are plaguing U.S. ports.    Starting in September 2014, FMC Commissioners led public forums concerning port


Largest Container Ship at Zeebrugge Port

CSCL Globe

  While on her maiden voyage in the AEX1 service, the container vessel China Shipping Container Lines Globe, currently the world’s - or the “globe’s”- largest container vessel, moored at the port of Zeebrugge.


Congestion hits Lagos Ports

(Image courtesy: Lagos Ports Complex )

With 11 vessels have been waiting to get a space to berth in  Lagos Ports Complex (LPC) in order to discharge cargo since December 2014 heavy congestion hits Lagos Ports General Cargo Terminal.  More than 251,860 metric tons (MT) of cargo are currently stranded at Terminal C and D of


Ottawa Bars Use of 'Buy America' Rules at Ferry Project in Canada

The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation


PSA Container Throughput Up

Tan Chong Meng Gtoup CEO of PSA

  PSA International Pte Ltd (PSA) handled 65.44 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2014. The Group’s volume increased by 5.8% over 2013 with the flagship PSA Singapore Terminals contributing 33


JNPT Achieves Higher Productivity in 2014

( L- R) N.N.Kumar, Chairman, JNPT, announces  the operational results (center). Also seen are A.K.Bose, Chief Manager(traffic), Neeraj Bansal, Dy. Chairman, S.K.Kaul, Chief Manager(Admn.)& Secy.

  At a meeting with the Port customers and other stake holders/ agencies, the Chairman, JNPT, N.N.Kumar, announced the  performance  achieved by JN Port in calendar year 2014 totalled 64.42 million tonnes. This year container handling was 4


Kalmar Automation System for Melbourne's CT

Photo : Kalmar

  Kalmar, part of Cargotec, has been awarded a contract to provide an integrated automation system to handle operations at Victoria International Container Terminal Ltd's (VICT) new terminal in Melbourne, Australia. According to the contract


Alaska: No Rush for Canada Ferry Project Resolution

Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday.


Port of Indiana-Mount Vernon Sets Record

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.


USCG to Address Cruise Ship Security Regulations

Photo: Cruise Port of Miami

The U.S. Coast Guard (USCG) will hold a public meeting on February 9, 2015, in Fort Lauderdale, Florida to receive comments on a notice of proposed rulemaking (NPRM) published in the Federal Register on December 10, 2014, under the title “Consolidated Cruise Ship Security Regulations


Port of Indiana-Mount Vernon Bests Tonnage Records

Photo: Ports of Indiana

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.   






 
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