PSA Marine to Provide LNG FSRU Services in Bangladesh
Summit Power International (SPI), Singapore, announced that its subsidiary, Summit LNG Terminal has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI.
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)
Calhoun Named Chair WCI
Rick Calhoun, president of Cargill Marine and Terminal, Inc., has been elected chairman of the Waterways Council, Inc. (WCI), the national public policy organization advocating a modern and well-maintained national system of ports and inland waterways. “We are at a critical juncture in the U.S. waterways,” Calhoun said. “The waterways infrastructure is aging, with more than half of our nation’s 240 lock chambers operated by the U.S. WCI is supported by more than 200 waterways carriers…
Pushing for Inland Waterways Funding
Stressing the high value to the nation and the critical condition of some of its chief assets, the Inland Waterways Users Board released its Annual Report to Congress, and provides recommendations related to the inland waterways system of the United States. Sent to Assistant Secretary of the Army John Woodley, President of the Senate and Vice President Dick Cheney, and Speaker of the House Dennis Hastert, this year's report strongly urges Congress and the Administration to view our nation’s waterways as much more than just transportation routes, but also living resources that provide benefits such as flood control, hydroelectric power, local water supply, recreational opportunities, and habitat for fish and wildlife.
Louis Dreyfus Commodities, Cargill win Brazil Port Deal
Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grains area at Santos Port, the first terminal to be leased by the government under a 2012 law meant to bring investment and upgrade infrastructure. Louis Dreyfus Commodities makes up 60 percent of the winning Consortium LDC Brasil BSL, while Cargill has 40 percent, the consortium said. It offered 303 million reais ($80 million), beating another proposal from Agrovia SA. The consortium is required to move 3.9 million tonnes by its third year of operation. Reporting by Priscila Jordão
Cargill to Build Grain Terminal in West Memphis
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.
APM Terminals Poti to Build Cargo Terminal
APM Terminals Poti and Poti New Terminals Consortium signed a Memorandum of Understanding (MOU) for a USD 100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor. The new terminal is expected to be built on APM Terminals Poti land and infrastructure and will entail the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.
Hyundai Drive Made First Call to Hamad Port
Qatar’s Hamad Port announced the addition of a new service from South Korean shipping line Hyundai Merchant Marine (HMM) to its growing network list, QNA reported. HMM’s 365.5-metre-long ‘Hyundai Drive’ made its first call to Hamad Port, marking the official start of a new Hyundai Merchant Marine’s KME (Korea Middle East Express) service. It is the largest container vessel to make its maiden call in Qatar since the opening of Hamad Port. The vessel from Kwangyang Port in South Korea arrived at Hamad Port in the container terminal CT1.
Cargill, MV Cargo to Build Grain Terminal in Ukraine
Cargill and MV Cargo formalized their intention to construct a grain terminal in the port of Yuzhny on the Black Sea coast in Ukraine by signing a Share Purchase Agreement (SPA). The signing ceremony was held in Ukrainian Prime Minister Arseniy Yatsenyuk‘s cabinet office in the presence of the U.S Ambassador to Ukraine and senior Ukrainian government officials. “Ukraine is already one of the world’s great agricultural producers, but it should be an agricultural superpower,” said U.S. Ambassador Geoffrey R. Pyatt during the ceremony.
Canada Grain Handlers to Expand, Crops Overwhelm System
Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system. Viterra, owned by Glencore Xstrata PLC, said on Thursday it will spend C$100 million ($92 million) to boost grain shipping through Port Metro Vancouver, while CWB, formerly known as the Canadian Wheat Board, said it is building a second Western Canadian grain elevator. Global commodities trader Cargill Ltd said on Wednesday that it would expand an elevator site in Manitoba. The moves come as the country's grain handlers and railways have struggled to move a record harvest to port, causing a massive backlog.
PSA's Port Inks Solar Deal with Sunseap
PSA Corporation and Sunseap Group Pte Ltd have signed a 21-year solar power purchase agreement that will enhance the eco-friendliness of the container port and ancillary buildings in PSA’s Singapore facilities. Sunseap will construct and install a 4 Megawatt peak solar system across five sites in PSA’s Singapore terminals, including terminal buildings, gates, maintenance base and workers’ dormitories at Pasir Panjang Terminal. Under the contract, Sunseap will install and maintain…
Mississippi River Reopens to Barges after Gustav
The entire Mississippi River, the most important commercial waterway, has reopened to barge traffic after being closed near due to Hurricane Gustav, the Coast Guard said. More than 300 miles of the commercial waterway, stretching from to the , was closed following the landfall of the Category 2 hurricane on Monday. Reports said major grain companies such as Cargill Inc, Archer Daniels Midland Co and Bunge Ltd are still awaiting electricity to be restored to their grain export terminals on the lower Mississippi River in .
MedPort Tangier Cranes to Reach APM Soon
The first group of three, of a total of 12 advanced remotecontrolled ship-to-shore (STS) cranes, has departed China for delivery on February 15 to the new APM Terminals MedPort Tangier, Morocco terminal. Manufactured by ZPMC in Shanghai, the super post-Panamax cranes will be able to accommodate 20,000 TEU vessels, giving the facility an annual container throughput capacity of five million TEUs. “Our goal is to use proven technology to create highproductivity for our clients on one of the world’s most strategically important trade lanes on the Strait of Gibraltar…
Trac-Wheels Signs Contract for 10 Kalmar Tractors
Kalmar, part of Cargotec, has signed a contract with Malaysia-based supply and installation company Trac-Wheels (M) Sdn Bhd, for an order of ten units of Kalmar TL2 terminal tractor. The order was booked into Cargotec's 2017 fourth quarter order intake and it is scheduled for delivery in the second quarter of 2018. The Kalmar TL2 terminal tractor is specifically built for Asia-Pacific and was launched to the market in November. Trac-Wheels will lease the new machines to its Miri Port and Tanjung Manis Port terminals in East Malaysia…
Cargill Dumps Shipping Arm
Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements. "The widespread trend towards consolidation and size within the ship owning segment implies one either gets bigger or scales back," said Vice President of Cargill International Tom Intrator in a statement. Cargill will continue to retain a strong time-chartered fleet, numbering nearly 150 vessels, and its commitment to this strategy is illustrated by the fact that the last four ships were sold with an agreement to charter them back for five years. That fact alone assured the ships fetched $1-2 million above prevailing market rates.
Cargill wins Port Community Award
The agro-industrial concern Cargill has won the 5th Port Community Award. The agro-industrial concern with branches in Amsterdam and Rotterdam also won a prize in the category shipping companies/ship’s agents/agents during the festive awards ceremony. Other prize winners were Ritra Cargo Holland (category freight forwarders/exporters/importers), APM Terminals Maasvlakte ll and RWG (category terminals/hinterland terminals) and Frankenbach from Germany (category hinterland carriers).
Shell Announces Plan for Penguins Filed Redevelopment
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel. The Penguins field is in 165 metres of water, approximately 150 miles north east of the Shetland Islands. Discovered in 1974, the field was first developed in 2002 and is a joint venture between Shell (50 percent and operator) and ExxonMobil (50 percent).
Elengy LNG Trans-Shipment at Montoir-de-Bretagne
Elengy, a unit of the French energy company and LNG player Engie, said that the LNG receiving terminal in Montoir-de-Bretagne, managed by the company, has just performed a new generation LNG transshipment. The ice-class LNG carrier Fedor Litke (170 000 cm capacity) has delivered to the LNG Jurojin (155 000 cm capacity) an LNG cargo the size of the yearly gas consumption of a city like Nantes. This was done safely during an twin call thanks l. The LNG was transferred through the cryogenic pipelines linking directly the two berths, without going through the terminal’s tanks.
Contargo Rolls out New Service from Rotterdam and Basel
Contargo AG has launched a new rail shuttle service to the German town of Weil am Rhein on the Swiss border. This creates a direct connection between the port of Rotterdam and the important industrial areas around Basel. Three times a week, the container train travels from the DUSS Terminal in Weil am Rhein (Tuesdays, Thursdays and Saturdays) to Rotterdam and vice versa (Mondays, Wednesdays and Fridays) in a mere 18 hours. In Rotterdam the shuttle will stop at the CTT Pernis Terminal.
First Iron Ore Trade Using CargoDocs Electronic Bills of Lading
BHP Billiton, Royal Bank of Scotland, Westpac Banking Corporation, Cargill and Minerva Marine recently completed the first trade financed iron ore trade using ESS’s CargoDocs electronic bill of lading and eUCP Presentation solutions. CargoDocs was used on a shipment from Australia to China. In this trade the electronic bill of lading was drafted by BHP Billiton in Shanghai (eliminating the need for separate document instructions). It was then approved signed and issued on behalf of Minerva Marine by Wilhelmsen Ships Services in Port Hedland, Australia. BHP Billiton created original electronic peripheral documents within CargoDocs and the whole eSet was endorsed and presented electronically to RBS under an eUCP600 letter of credit.
Pecém Cargo Volume up by 19%
APM Terminals Pecém reported a 19% annual increase in container handling volumes as the gateway port to northeast Brazil. APM Terminals Pecém, which is the container operator at the Port of Pecém which is managed by the state-owned company CIPP (former Cearaportos), handled 130,008 moves (213,951 TEUs – twenty-foot equivalent units) in 2017 a new volume record. Daniel Rose, Managing Director of APM Terminals Pecém said “We have been working closely with our shipping line customers and our landside customers to ensure they had the port service levels needed to grow their business.
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.
Cargill Earnings Hit by Commodity Market Disruptions
Cargill Inc said on Tuesday its quarterly earnings fell 28 percent, making it one of the largest companies yet to demonstrate how big commodity market disruptions this year have hurt its bottom line. Minneapolis-based Cargill, a top global commodities trader, was hit by a triple-whammy of unexpected events, including a surge in energy prices in January, rail backlogs, and the rejection of U.S. corn shipments by China. The problems are likely to have also hit Cargill peers such as Archer Daniels Midland Co and Bunge Ltd, which are due to report financial results in the coming weeks. The coldest winter in 30 years catapulted regional U.S. natural gas prices to record highs, while power markets gyrated as producers struggled to keep supplies flowing to consumers.