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
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
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
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 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
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
A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi, according to a commission report seen by Reuters on Monday. The government commission
U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects. The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35, connecting Chicago and Minneapolis to New Orleans, will serve as the primary routes for a new container-on-barge
Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific. It has started on the expansion after being granted approval by the National Assembly
Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International (PSA) has started its commercial operations this month, PSA said. This began at the second container terminal in the King Abdul Aziz Port in Dammam
Coal port shut since Monday night; seven coal ships waiting to leave, ship queue undisclosed. * Newcastle coal futures price up 10 pct this week (Adds coal terminal operator comments) MELBOURNE, April 22 (Reuters) - Australia's Newcastle port, the world's biggest coal export port
Trelleborg’s marine systems operation has received a patent for its innovative ‘slide in, slide out’ or ‘SISO’ marine fender system, which is now in operation in Dampier, Western Australia, in addition to a number of other sites across the region.
Crowley crews commended by U.S. Coast Guard for assistance during Kulluk emergency rescue tow Captain Rodney Layton and his crew aboard Crowley’s Prevention and Response tugboat (PRT) Alert were recently recognized by U.S. Coast Guard (USCG) Capt
TT Club’s Phillip Emmanuel has put into perspective some of the “sensationalism” surrounding the recent growth trend in containerships. Speaking during a plenary session of the TOC Asia Conference in Singapore on Tuesday, he advised ports and terminals to take a measured approach
Australia's Newcastle port, the world's biggest marine coal export terminal, will reopen later on Thursday after shutting down earlier this week due to a heavy storm, according to the port. Australia's biggest coal companies, including BHP Billiton Ltd , Glencore Plc, Rio Tinto
HINODE Events and Services Pvt Ltd., have announced the 4th Annual Conference on Salvage and Wreck Removal in India to be held on Wednesday, July 8, 2015 at Visakhapatnam on India's East Coast. This conference is being held for the first time in Visakhapatnam, a busy Dry Bulk Port
Business Standard reported that real estate developer Hiranandani Group plans to set up a INR 2,400 crore floating LNG import terminal off Haldia, West Bengal and supply imported gas to users as far as Paradip in Odisha. H-Energy Pvt Ltd, the Energy arm of the Hiranandani Group
Nordic liquefied natural gas operator Skangass has celebrated a topping out ceremony at its Pori LNG terminal. The company said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori.
APM Terminals Maasvlakte II held a ceremony to celebrate the opening of the world’s most automated container terminal. The event that was attended by Dutch King Willem-Alexander and 500 representatives of the port industry and governments from around the world
Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA) started its commercial operations this month, at the second container terminal in the King Abdul Aziz Port in Dammam
Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike. “The Teamsters union started informational picketing this morning at the Port of Long Beach