Cargill News

22 Jul 2019

Diana Shipping Extends Myrto Charter

Pic: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrto.The global shipping company specializing in the ownership of dry bulk vessels, said in a press release that the gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period of about nine months to maximum eleven months.The new charter period commenced on July 18, 2019, it said.

09 Jul 2019

Dry Freight Rates Buoyed by Scrubber Refit Work

© STOCKSTUDIO / Adobe Stock

With the world's largest dry cargo ships coming out of service for refits to comply with tougher rules on emissions, charter rates are expected to remain strong, a top Cargill executive said, after posting 7-fold gains already this year."There are a lot of ships - especially on the capesizes - that will go into scrubber fitting which basically means they will be out of service for at least 25 days each to do so," Jan Dieleman, president of trading firm Cargill's ocean transportation business…

27 Jun 2019

Diana Shipping Fixes Semirio with Cargill

Semirio. Photo courtesy:  Diana Shipping Inc

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Semirio.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 15 months to maximum 18 months. The charter is expected to commence on July 1, 2019.The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

27 Jun 2019

Shipping Companies: Is Bigger Better?

© Julien/Adobe Stock

“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.”Dr. Roar Adland, visiting scholar at MIT Center for Transportation and Logistics and Professor at the Norwegian School of Economics (NHH).Like any other business…

12 Jun 2019

Cargill Cuts CO2 Emissions from Shipping Fleet in Green Push

Photo: Cargill

Cargill reduced CO2 emissions from its chartered shipping fleet by 350,000 tonnes last year as part of efforts to scale back its carbon footprint at sea, the food and agriculture group said.The international shipping industry accounts for about 2% of global emissions of carbon dioxide (CO2), the main greenhouse gas blamed for global warming.Cargill, the largest privately-held U.S. company, is among commercial firms pushing for greener shipping. In 2018 the company transported 226 million tonnes of cargo.In its annual corporate responsibility report…

30 May 2019

Labor Spat at Vancouver Ends as Deal Reached

The Port of Vancouver / CREDIT: AdobeStock / © Anne

Longshore workers at Canada's biggest port, the Port of Vancouver, were locked out on Thursday in a labor dispute over technology changes, temporarily grinding most shipping there to a halt. The lockout ended in a deal on Thursday with their employer after a few hours, the workers' union said.A tentative agreement on a new contract was reached with the BC Maritime Employers Association, the International Longshore and Warehouse Union Canada said in a statement. Jim Thompson, a spokesman for the International Longshore and Warehouse Union Canada…

13 May 2019

St. Louis Ports, Terminals Tops in Efficiency

Image: St. Louis Regional Freightway.

Now Capture 39 Percent of the Upper Mississippi River Barge Traffic; new data highlights concentration of river terminals, resulting in greater efficiencies and lower costs.The latest data from the U.S. Army Corps of Engineers (USACE) reveals the St. Louis Regional Ports held onto the top ranking as the most efficient inland port district* in the nation in terms of tons moved per river mile during 2017, the most recent year for which final numbers are available. The St. Louis region’s barge industry handled 472,400 tons per mile.

10 Apr 2019

Diana Fixes New Orleans with Cargill

New Orleans. Pic: Diana Shipping Inc.

Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v New Orleans.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$15,000 per day, minus a 4.75% commission paid to third parties, for a period of about 16 months to about 19 months. The charter commenced earlier yesterday (April 10).The “New Orleans” is a 180…

26 Mar 2019

USCG: Limited Opening of San Jac River Announced

The port of Houston Refining complex (CREDIT: AdobeStock / © Irina K

The USCG Captain of the Port has updated vessel traffic coordination directives. Facility cargo operations as of March 25, 2019 include Limited Opening of the San Jacinto River during Daylight Hours and Resumption of Cargo Operations.This MSIB is issued in regard to vessel traffic and facility cargo operations as a result of the chemical fire at ITC Deer Park in the Upper Houston Ship Channel (HSC).As of March 25th, 2019, the U.S. Coast Guard Captain of the Port (COTP) has opened the San Jacinto River to allow for vessel traffic during daylight hours only.

17 Mar 2019

Top Ships Adds Tanker to Fleet

Pic: Top Ships

Top Ships Inc, which owns and operates tanker vessels worldwide, said that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco Marina Del Ray.According to the international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, Eco Marina Del Ray is constructed at the Hyundai Mipo shipyard in South Korea.The Greece-based company also said that the vessel is scheduled to commence its five-year charter employment with Cargill on March 18…

08 Mar 2019

Diana Shipping Fixes 'Salt Lake City' with Cargill

Salt Lake City. Pic: Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months. The charter is expected to commence on March 14…

01 Mar 2019

Euronav to Deploy ULCC for LSFO Storage

File Image: AdobeStock / © Jose Gill

Euronav, one of the largest tanker companies in the world, will deploy one of its two ultra large crude carriers (ULCC) to store cleaner marine fuel ahead of a major regulatory change in 2020, the Belgium-headquartered group said on Friday.From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, in one of the biggest changes in the oil market in decades.Only ships fitted…

28 Jan 2019

Diana Shipping Fixes with Uniper and Phaethon

Pic: Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite, for a period of minimum 14 months to maximum 17 months.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$5,000 per day for the first five (5) days of the charter period and US$12…

05 Dec 2018

Cargo Ships Caught in Russia-Ukraine Storm

Russia-Ukraine naval clash followed shipping holdups Ships bound for Ukrainian ports say they are held up while those bound for Russian ports go through.When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed into a perfect storm of geopolitics and bad weather.The following day, Russia opened fire on three Ukrainian naval ships, impounded them and detained their sailors, some of them wounded. It then blocked the strait by putting a tanker underneath a new bridge it has built linking the Russian mainland to the Crimean peninsula it annexed from Ukraine in 2014.While the world digested the implications of the Nov.

14 Nov 2018

Seanergy Maritime in Leaseback, Refinancing Pact with Cargill

Pic: Seanergy Maritime Holdings

The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International.The Nasdaq listed shipping company based in Greece informed that the refinancing has released approximately $7.8 million of liquidity for the Company.Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered it…

27 Oct 2018

Maritime's Push Toward "Net Zero Carbon"

IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 years, as the industry races to meet a number of challenges…

24 Oct 2018

Ship Financiers Toughen Stance on CO2 Emissions

File Image / Adobstock © 14ktgold

Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.In April, the United Nations shipping agency reached an agreement to reduce CO2 emissions by at least 50 percent by 2050 compared with 2008 levels, which fell short of more ambitious targets.The UN's International Maritime Organization (IMO) is meeting in London this week to work on an initial strategy on cutting greenhouse gas emissions.In the meantime…

04 Oct 2018

Decarbonization: 34 Maritime CEOs Call for Action

© xy / Adobe Stock

A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…

02 Jul 2018

Diana Shipping Continues TC for m/v Polymnia With Cargill

Polymnia. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The new charter period is expected to commence on July 8, 2018.

05 Sep 2018

Cargill, Rainmaking, DNV GL Advance in CO2 Challenge

Photo: DNV GL

The CO2 Challenge was hitting its stride and moving into the second stage, the project partners Cargill, Rainmaking and DNV GL announced.The CO2 challenge looks to find and scale technologies capable of reducing vessel greenhouse gas emissions by ten per cent.The first in-person meetings with start-ups providing innovative technologies were conducted at the DNV GL stand at the SMM trade fair yesterday (September 05).“We’ve had a positive response to the CO2 challenge,” said George Wells…

27 Aug 2018

Navios Taps Bryan as COO

Navios Maritime Holdings Inc. has hired Cargill's dry bulk trading head Jeremy J. Bryan as chief operating officer of Navios Corporation, effective as of February 1, 2019.Bryan, who worked at Cargill International S.A. since 1992, has served in various positions during his tenure there, most recently as global head of dry bulk trading, having previously served as the head of the Panamax and Handymax trading departments.He has also served as a Lieutenant in the Dutch Military and has a Bachelor of Business Administration from the Nijenrode Business University.

04 Sep 2018

Diana Shipping Signs TC m/v Medusa with Cargill

Medusa. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International, Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 13 months to maximum 15 months.The new charter period commenced yesterday.

27 Sep 2018

Louis Dreyfus CEO, CFO Quit

(Photo: Louis Dreyfus Company)

Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets.The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the post to pursue other opportunities, and would be replaced with immediate effect by Ian McIntosh, previously chief strategy officer.British national McIntosh…

Maritime Reporter Magazine Cover Aug 2019 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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