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Cargill Inc News

28 Nov 2022

Marine News' Top Vessels of 2022

Mark W. Barker (Photo: Fincantieri Bay Shipbuilding)

The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations. The maritime industry has no shortage of challenges to overcome, and each of Marine News’ top vessels will, in one way or another, aid efforts to tackle them.Mark W.

07 Oct 2022

Shippers Focus on LNG, Biofuels, Methanol to Meet Emissions Targets

Credit: A.P. Moller - Maersk

Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week.The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization.These include the shipping industry cutting carbon emissions by 40% from 2008 levels by 2030…

02 Sep 2022

Interlake Steamship Christens First New US-flagged Laker in Nearly 40 Years

(Photo: The Interlake Steamship Company)

The Interlake Steamship Company held a christening ceremony in Cleveland on Thursday for its new vessel, Mark W. Barker, the first U.S.-flagged freighter built on the Great lakes in nearly four decades.“This is truly a historic celebration for our company and for the United States maritime industry as we proudly christen the newest vessel to join the U.S. flag fleet on the Great Lakes and our first new build in 41 years,” said Mark W. Barker, President of The Interlake Steamship Company and the vessel’s namesake.

17 Aug 2022

US Inland Waterway Infrastructure: Riding a Good News Wave

© Harold Stiver / Adobe Stock

The inland waterways have enjoyed several positive developments toward modernization of the system, particularly over the last two years.Annual appropriations that fund the U.S. Army Corps of Engineers’ Civil Works mission have been steadily on the rise for the last nine fiscal years, specifically the Construction and Operations & Maintenance (O&M) accounts have been funded at historic levels. The passage of the Infrastructure Investment and Jobs Act (IIJA) in 2021 provided a…

11 Oct 2021

Cargill Loads Soy in Texas After Ida Damages Louisiana Terminal

The first bulk U.S. soybean cargo from the Texas Gulf Coast in about six months was loaded and shipped last week from a Cargill Inc terminal, in a sign of shifting trade flows in the wake of Hurricane Ida, traders and shipping sources said.The vessel Spar Rigel was loaded early last week with about 55,000 tonnes of soybeans at Cargill's Houston terminal, an outlet that typically loads mostly wheat and sorghum grown nearby, according to a shipping vessel lineup seen by Reuters.The uncommon shipment is the first of several soybean cargoes expected to load at Cargill's Texas facility this autumn after one of the company's two terminals at the Louisiana Gulf Coast - the country's top outlet for corn and soy shipped down the Mississippi River - was severely damaged by Ida on Aug.

28 Sep 2021

US Soy Exports Hit 6-month High as Gulf Loadings Rise After Ida

© masterskuz55 / Adobe Stock

U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday.The export pace remained well below normal for this time of year as some terminals remain shuttered or running at reduced capacity after the storm flooded and damaged some facilities and wrecked the region's power grid.Ida crippled overseas grain shipments weeks before the start of the Midwest harvest and the busiest period for U.S.

20 Sep 2021

US Grain Exports Rise as Terminals Recover from Ida

© spiritofamerica / Adobe Stock

U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused by Hurricane Ida's Aug. 29 landfall, but volumes were much lower than normal, preliminary data showed on Monday.Just seven export vessels were loaded with grain and soybeans at Louisiana Gulf Coast terminals in the week ended Sept. 16, down from 23 vessels in the same week last year, U.S. Department of Agriculture (USDA) data showed.Ida crippled overseas grain shipments weeks before the start of the Midwest harvest and the busiest period for U.S.

17 Sep 2021

US Barge Costs Spike Weeks After Hurricane Ida

© kiravolkov / Adobe Stock

Barge freight costs for moving grains in the Midwestern United States spiked on Thursday due to ongoing logistical problems more than two weeks after Hurricane Ida, while CHS Inc said the timeline to reopen its terminal remains uncertain.CHS Inc, a farmer cooperative and grain trader, said it expected its Myrtle Grove, Louisiana, grain export terminal to be operational by the height of the U.S. corn and soy harvest but could not be more specific.The terminal, which unloads grain barges and loads ocean-going vessels for export…

09 Sep 2021

US Gulf Coast Grain Exports Slowly Resuming

© walkingarizona / Adobe Stock

Louisiana Gulf Coast grain exports are slowly ramping up after a nearly two-week halt due to damage from Hurricane Ida, with at least two large terminals loading vessels and power steadily being restored to others, government and shipping sources said on Thursday.More than 50 oceangoing vessels have lined up along the lower Mississippi River waiting to dock and be loaded with soybeans or grain, according to Refinitiv Eikon shipping data and industry vessel lineup summaries seen by Reuters.Restoring shipments from the busiest U.S.

02 Sep 2021

More Grain Terminals Found Damaged by Ida, Exports May Stall for Weeks

© danimages / Adobe Stock

Grain shippers on the U.S. Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill Inc confirmed damage to a second facility, while power outages across southern Louisiana kept all others shuttered.Global grains trader Cargill Inc said its Westwego, La., terminal was damaged by Ida, days after confirming more extensive damage at its only other Louisiana grain export facility, located in Reserve.Ida, which roared ashore on Sunday, has disrupted grain and soybean shipments from the Gulf Coast, which accounts for about 60% of U.S.

30 Aug 2021

Ida Damages US' Busiest Grain Terminal, Disrupts Exports

© A / Adobe Stock

Hurricane Ida damaged a Louisiana grain export elevator owned by global grain trader Cargill Inc and disrupted export operations at the busiest bulk grain export facilities in the United States on Monday.Cargill said its Reserve, Louisiana, terminal, one of two the company operates along the Mississippi River near the Gulf of Mexico, "sustained significant damage" from the storm, which roared ashore as a powerful Category 4 hurricane.Rival crop traders Bunge Ltd and Archer-Daniels…

28 Dec 2020

Argentina Agro-export Firms Improve Offer to End Grains Port Strike

Illustration - Credit: Igor Strukov/AdobeStock

Argentina's influential chamber of soyoil manufacturers and exporters on Sunday spiced up an offer to striking workers, seeking to end a more than two-week standoff that has bogged down exports from one of the world's main breadbaskets.The CIARA-CEC chamber said it would top up salaries by 35% in 2020, a central demand of the striking workers, many of whom stayed on the job through the height of the coronavirus pandemic. The group also offered a 70,000 peso (about $840) bonus…

25 Jun 2020

Maersk Heads Drive to Decarbonize Shipping Sector

A Maersk Container Ship - Credit: Maersk

The world's largest container shipper, A.P. Moller-Maersk, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry.Denmark's Maersk, which aims to be carbon-neutral by 2050, said on Thursday the research center would combine knowledge from industry, academia and regulators towards "decarbonizing" the industry by developing carbon-neutral fuel and technologies.The shipping industry, which carries around 80% of global trade and accounts for around 3% of global carbon emissions…

19 Jun 2018

Cargill Aims to Cut Ship Emissions 15% by 2020

© Lidian Neeleman / Adobe Stock

Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.The global commodities trader, which was scheduled to announce the emissions goal late on Monday, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.Cargill…

20 Apr 2018

Ships Carrying US Sorghum U-turn after China Tariffs

Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed.Sorghum is a niche animal feed and a tiny slice of the billions of dollars in exports at stake in the trade dispute between the world's two largest economies, which threatens to disrupt the flow of everything from steel to electronics.The supply-chain pain felt by sorghum suppliers on the Pacific, Atlantic and Indian oceans underscores how quickly the mounting trade tensions between the U.S.

23 Sep 2016

Harvest Halts as Rains Douse Midwest, Could Impact Barge Loading

Heavy rains and flooding swamped a broad swathe of the northern Midwest this week, halting the harvest of corn and soybeans and forcing the closure of at least two Iowa crop processing plants, traders and farmers said on Friday. Farmers' concerns grew that standing water in fields could damage unharvested crops, while floodwaters swelled the Mississippi River and threatened to disrupt the loading of export-bound grain barges. Parts of northern Iowa and southern Minnesota received several inches of rain at midweek, with two-day rain totals topping 10 inches (25 cm) in some areas, meteorologists said. The region is expected to see two days of drier weather before more showers through next week, said David Streit, agricultural meteorologist with the Commodity Weather Group.

04 Mar 2016

Dieleman Takes over as Cargill Shipping Head

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. Cargill, a leading shipping player, said on Friday Jan Dieleman had taken the helm since March 1 of its ocean transportation business, succeeding Roger Janson who had run the division since 2011. Dieleman, who had run Cargill's North America power and gas business since 2014, will operate from the group's freight headquarters in Geneva.

31 Dec 2015

U.S. Grain Prices Soar as Floods Shut Waterways

U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation routes, as widespread floods shut waterways from Illinois to Missouri and spurred a surge in physical prices of corn and soybeans. The sudden jump in prices could complicate a months-long stand-off between farmers who are unwilling to sell their bumper crop at low prices and buyers who have refused to budge on their cash offers amid plentiful supplies. It could also further curb export demand, with U.S. traders struggling to compete with their cheaper Latin American rivals. Cash premiums for soybeans in the U.S. barge market…

07 Apr 2015

Fire Still Restricts Trucks from Largest Brazilian Port

A fire at a fuel-storage facility at the Port of Santos, the largest port in Brazil, burned for a sixth day on Tuesday, restricting access to trucks delivering grains and other goods. Firefighters on Monday managed to extinguish the flames at a facility run by Ultracargo, a unit of Brazilian chemical and fuel-distribution company Grupo Ultra, only to see gasoline in one of the tanks reignite. By Tuesday morning two of the six fuel tanks at the facility were on fire, Ultracargo said in a statement. Police and highway operators have blocked much of the truck access to the port, and the harbor master has banned ship movements at terminals along the busy Alemoa docks. As a result, ships cannot restock bunker-fuel supplies.

29 May 2015

Wage Row Between Argentine Crushers, Companies Reaches Crunch Point

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening to launch its own industrial action on Monday that would paralyze exports. The strike by the Soyoil Workers Federation, which represents about 20 percent of crushing workers in the world's No. 1 soyoil and soymeal exporter, began more than three weeks ago at the peak of an expected record harvest. "On Monday there's no turning back," union head Daniel Yofra said by telephone. Yofra said he remained optimistic a deal would be struck, but there were no indications of any impending agreement.

08 Jul 2015

Brazilian Corn Cargos Bound for Southeastern US

Cargill Inc next week is likely to load 50,000 tonnes of Brazilian corn bound for the United States, shipping data showed on Wednesday, in what is expected to be the first of several bulk vessels of South American grain that will be imported here this year. Hog and poultry producers in the Southeastern United States purchased two vessels of corn from South America for arrival in August and September while at least one other vessel was likely to arrive by March, three U.S. corn export traders said. Cargill was the listed shipper for the Nord Voyager vessel, which was due to load the 50,000 tonnes of corn at the Brazilian port of Santarem, according to Williams Shipping Agency data. A spokesman for Cargill, which has a port terminal in Santarem, declined to comment.

26 Sep 2014

US River Infrastructure Near breaking Point

With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation's farm economy is overstrained by rising demand for shipping capacity, a low barge inventory, and a dilapidated lock system. The pressure is building on an inland waterways network that is just one flood, drought or mechanical breakdown from calamity after decades of neglect, industry sources say. Looming bumper corn and soybean crops are bringing to light issues that have built for years and which have been exacerbated by new entrants to the marketplace for river logistics, such as producers of crude oil from the nation's shale boom. Rail congestion and truck shortages are shifting more cargo to the creaking infrastructure for floating heartland goods to market.

20 Oct 2014

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal, a joint venture between Cargill and Biosev , the sugar unit of Louis Dreyfus Commodities , has storage capacity of 110,000 tonnes, according to the statement. A second warehouse at the terminal was not affected. (Reporting by Caroline Stauffer; Editing by Meredith Mazzilli)