Cargill News

24 Mar 2020

Brazilian Farm Town Bars Shipments, Affecting Global Traders

© Philip Steury / Adobe Stock

The key Brazilian farm town of Canara has issued a decree aimed at curbing the spread of coronavirus that could disrupt grain export logistics and the operations of global agriculture commodities traders, according to a municipal order.The order dated March 22 bars shipping of grains out of the city in Mato Grosso state and comes as Mayor Fábio de Faria enforces a lockdown of all non-essential services to protect the population against the spread of coronavirus. In a separate document seen by Reuters‚Ķ

18 Feb 2020

Robust Dredging on America’s Inland Waterways

(Photo: Inland Dredging Company)

Inland Dredging Company helps keep commerce flowing on America‚Äôs inland waterway system.Dyersburg, Tenn. based Inland Dredging Company completed dredging projects spanning eight states and across four U.S. Army Corps of Engineers Districts. Beginning in July and finishing in December (2019), Inland Dredging crews dredged ports and harbors along the Mighty Mississippi River, Ouachita River, Red River, Black Warrior River, Atchafalaya River, Tennessee‚ÄďTombigbee Waterway, and the Gulf Intercoastal Waterway from Apalachicola to Morgan City.Richard Jackson‚Ķ

02 Feb 2020

Poseidon Readies $140Bn Shipping Loan

Image by Poseidon Principles

With the signing by the France-based international lender to global shipping BNP Paribas and the Swiss multinational investment bank Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international shipping ‚Äď about 30% of the total global ship finance portfolio.Poseidon Principles is a global framework for responsible ship finance which helps incentivize shipping‚Äôs decarbonization.They establish a common framework to quantitatively‚Ķ

20 Nov 2019

Cargill Extends Diana Shipping Charter

Polymnia. Pic: Diana Shipping

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.According to the global shipping company specializing in the ownership of dry bulk vessels,  the gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven months to about thirteen months.The new charter period commenced on November 15‚Ķ

14 Nov 2019

Diana Shipping Fixes Medusa with Cargill

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 Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of about 11 months to maximum 13 months, said the global shipping company specializing in the ownership of dry bulk vessels.The new charter period is expected to commence on November 15…

05 Nov 2019

Polymnia TC Cancelled: Diana Shipping

Pic: Diana Shipping Inc

Diana Shipping announced the cancellation of the time charter contract with Al Ghurair Resources International, Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia, as announced on October 10, 2019.According to the global shipping company specializing in the ownership of dry bulk vessels, charterers have exercised their right to cancel the time charter contract since the vessel was not delivered, due to unforeseen events, unrelated to the condition of the vessel…

01 Nov 2019

Shipping Executives Push 'Carbon Levies'

AdobeStock / © 14KTGold

Executives at some of the world's top shipping groups are advocating a levy on carbon emissions on shipping in an effort to shape tightening rules on greenhouse gas emissions while providing a means to fund development of cleaner fuel sources."To meet international shipping's decarbonization challenge, the maritime industry needs a carbon levy, it is coming, and we should shape it," said Andreas Sohmen-Pao, chairman of BW Group at the Global Maritime Forum in Singapore this week.The…

09 Oct 2019

Cargill, Maersk & Mitsui to Collaborate on Emissions

Photo: Maersk Tankers

Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together, the companies…

23 Sep 2019

Shipping Sector Sets Course for Zero Carbon

© Yaniv / Adobe Stock

Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Achieving this target will…

17 Sep 2019

Cargill, Maersk Tankers to Run Joint Pool

Image: Maersk Tankers

Commodities trader Cargill and shipowner Maersk Tankers aim to build a joint Medium Range (MR) tanker pool with more vessels as they seek to cut emissions."The strategic partnership will improve flexibility for customers and reduce fuel consumption and emissions, whilst having a positive impact on time-charter-equivalent earnings for partners," claimed Maersk Tankers which operates 164 product tanker vessels.Cargill will enter its MR fleet into the existing Maersk Tankers MR pool…

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 ‚ÄúSemirio‚ÄĚ is a 174,261 dwt Capesize dry bulk vessel built in 2007.

27 Jun 2019

Shipping Companies: Is Bigger Better?

© Julien/Adobe Stock

‚ÄúIf consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‚Äėcommoditized‚Äô 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.‚ÄĚDr. Roar Adland, visiting scholar at MIT Center for Transportation and Logistics and Professor at the Norwegian School of Economics (NHH).Like any other business‚Ķ

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‚Ķ

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 ‚ÄúNew Orleans‚ÄĚ is a 180‚Ķ

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‚Ķ

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…

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…

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…

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.

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