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Tuesday, September 25, 2018

Large Buyer News

St. Louis Region’s Agriculture Freight Network Poised for Growth

This 15-mile section of the Mighty Mississippi is being called the “Ag Coast” of America.

As cargo handling capacity increases along the Mississippi River, this 15-mile section of the Mighty Mississippi is being called the Ag Coast. Located in the heartland of America, one 15-mile section of the Mississippi River in the St. Louis, Missouri, region delivers the highest level of grain barge handling capacity anywhere along the Mighty Mississippi. In fact, it is now being called the “Agriculture or Ag Coast” of America in terms of barge transfer facilities for agricultural products.

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed. Slower buying by Indian independent refiners such as Reliance was the primary factor behind the overall decline of 13 percent from July, highlighting the fickle nature of buyers in an oversupplied market. Indian refiners have used the steep drop in crude prices and ample global availability as an opportunity to expand their crude slates and experiment with new grades, traders said. "India, and Reliance in particular, took fewer West African (cargoes)," one trader said. Reliance booked as few as two cargoes for August loading, compared to at least seven for July loading.

The ‘Ag Coast’ of America

(Image: St. Louis Regional Freightway)

St. Louis Region’s Agriculture Freight Network Poised for Growth as Handling Capacity Increases along a 15-mile section of the Mississippi River. Located in the heartland of America, one 15-mile section of the Mississippi River in the St. Louis, Missouri, region delivers the highest level of grain barge handling capacity anywhere along the Mississippi River. Known as the “Agriculture or Ag Coast” of America in terms of barge transfer facilities for agricultural products, local stakeholders also know that in order to sustain and grow this impressive market share…

Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

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