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
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
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 (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
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
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”
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
In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves plans to replace Mukilteo ferry terminal The 60-year-old Mukilteo ferry terminal is one step closer to replacement
Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom , said that first oil was to be delivered via Iraq's pipeline system to the export terminal in Basrah
A reactor and a cold high-pressure separator is delivered to the site of Rosneft subsidiary Syzran Refinery for the constructed diesel hydro-treater. The unit is designed for the removal of sulphur and nitrogen compounds, as well as of other solids to improve diesel-fuel and to bring its
Harbour & terminal information providers, Shipping Guides Ltd, says its latest tanker-specific addition enables customers to access the most comprehensive port information available from their desktops without having to rely on expensive satellite connections.
M&A (Merger & Acquisition) activity in the US container terminal sector is currently at its highest level since the boom time of the mid-2000s. However, whilst the type of buyer is largely similar to what it was, the rationale for pursuing today’s deals is different
Australia's Queensland government has backed away from controversial plans to allow a cruise ship terminal to be built on state-owned land on the Gold Coast, according to the 'Brisbane Times'. Deputy Premier Jeff Seeney announced on Tuesday that in response to community concerns
APS Technology Group, a member of the ABB Group and a leading provider of optical character recognition (OCR) and process automation technology solutions for marine and intermodal container terminals, says that that International Transportation Service (ITS) has selected the APS Crane OCR solution
Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port, which is privatisation, is one of the busiest passenger ports in Europe
Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Total Terminals International on Pier T
The 60-year-old Mukilteo Ferry Terminal is one step closer to replacement. On Friday, Aug. 22 the Federal Transit Administration signed a record of decision allowing the Washington State Department of Transportation Ferries Division to design and construct a new ferry terminal in Mukilteo, Wash.
Repair work begins after storm surges subsides The Port of Long Beach resumed full cargo-handling operations Thursday, Aug. 28, after a lessening of storm surges from Hurricane Marie that had battered south-facing piers and interrupted the loading and unloading of four vessels a day earlier.
Global marine terminal operator DP World releases strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014.
The Swedish Government (Länsstyrelsen in Dalarnas Län) has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden. Skangass aims at starting the construction work during 2015.
Kalmar, part of Cargotec, will deliver four E-One2 Zero Emission rubber-tyred gantry cranes (RTGs) to Super Terminais in Manaus, Brazil. The 8 million USD order was signed in August 2014 with a delivery and start-up date in July 2015.