CARGILL MARINE AND TERMINAL
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.
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
Commodities trader Cargill has appointed a new head of its shipping business, weeks after announcing it would close its London freight unit amid a worsening global seaborne market. The dry bulk sector, which transports commodities such as coal and grain, continues to suffer from too many ships available for hire and slowing demand for goods, especially from top importer China, which has led to freight rates slumping to record lows.
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 marine terminal of Vadinar Oil Terminal Ltd (VOTL), which is part of Essar Ports Ltd, has been the best performing terminal in the Kandla Port Trust (KPT) for two consecutive years. The terminal recently received a certificate of appreciation from KPT, which crossed 100 million tonnes of cargo throughput for the first time in FY 2015-16. VOTL is an integrated oil terminal located in Vadinar, Gujarat with 58 million tonnes capacity and handles crude oil and petroleum products
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”
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has been awarded two contracts in Oman. The first contract involves a Single Point Mooring (SPM) change out, including the removal of the existing aging structures followed by installation of new buoys. The second contract involves providing and managing all marine and offshore activities related to tanker loadings via an SPM offshore marine terminal
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
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
Owners asking $1 per tonne more on Australia-China rates; Panamax rates climb to two-month high, but remain under pressure. Freight rates for large capesize dry cargo ships on key Asian routes could continue to firm next week on higher cargo volumes and bunker prices
U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements: On Friday, June 24, 2016, I voted to allow the Port Operations and Safety Discussion Agreement to
Foreign trade and energy have boosted economies throughout the Americas. From the USA, to Argentina, Ecuador and the Bahamas, Maersk is helping unleash the region’s potential by facilitating the flow of goods around the globe.
For Hutchison Port Holdings (HPH), one of the world’s leading container terminal operators, Stockholm is strategically important. In April the final permit was obtained to begin construction of the new Stockholm Norvik Port. Ports of Stockholm will build and own the container terminal
Marine-based commissioning work is now underway at Liverpool2, with Mediterranean Shipping Company (MSC) committing vessel support to Peel Ports to help make the trial a success. Berthing and marine trials began last week with MV MSC Nederland and will be followed by a variety of cargo handling
Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant. The leading British port operator has ordered the two machines for its terminal in Immingham
French shipping giant CMA CGM plans to use Kingston Container Terminal, Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast, the Gulf of Mexico, the Caribbean and northern Brazil.
The brand-new TUI Cruises newbuilding Mein Schiff 5 has arrived in Kiel – her first German port of call since being handed over in Turku, Finland, a few days ago. The 99,500GT, 295-meter-long cruise ship sailed into the Kiel Fiord early this morning
P&O Cruises’ Arcadia berthed June 22, for her first visit ever to the Port of Kiel, arriving just as the prestigious Kieler Woche sailing regatta marked its half-way point. More than 2,000, mainly British, passengers used the opportunity to visit northern Europe’s biggest maritime
Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify
Oman Oil Company Exploration & Production LLC (OOCEP) shipped its first crude oil cargo from the Musandam gas plant (MGP) with the support of UAE-based Marsol International. OOCEP, a subsidiary of Oman Oil Company S.A.O.C exported 300,000 barrels of crude oil as part of the operation
In the near future, a physical Customs document will no longer be required to transfer containers from one Maasvlakte terminal to the other within the Port of Rotterdam. Participating terminals APMT, ECT and RWG have made agreements with the Dutch Tax and Customs Administration for a
Speaking on a panel devoted to “Robotics & Automation in Container Terminals” at the TOC Europe’s 40th annual industry gathering devoted to port and terminal technology and operations, APM Terminals Head of Terminal Design and Automation
The South Carolina Ports Authority (SCPA) has today filed a rule in its Marine Terminal Operating Schedule (MTOS) outlining its process for adherence to the IMO regulations regarding Safety of Life at Sea (SOLAS) Regulation VI/2, consistent with the U.S
As the region’s 2015/2016 cruise season has come to a close, Abu Dhabi Ports, the master developer, operator and manager of ports and the Khalifa Industrial Zone in the Emirate, has released its best ever Cruise Terminal performance figures