ADM starts expansion and modernization of its export terminal in Santos
Archer Daniels Midland Company (NYSE: ADM) has begun a significant expansion and modernization of its export terminal in Santos, in the Brazilian state of São Paulo. The project will expand the facility’s annual storage and grain handling capacity from 6 million to 8 million metric tons, and will significantly enhance environmental controls.
“Brazil is one of the world’s most important agricultural producers, and ADM is continuing to deliver on our strategy as we invest to expand our already significant operations there,” said Greg Morris, president of ADM’s Oilseeds Processing business. “The Port of Santos is one of two major ADM gateways from Brazil to customers around the world, and with this expansion we are enhancing our ability to move crops from there to Asian, African and European customers.
China slows, but Australia’s iron ore export machine is running at full throttle
Australia’s iron ore export machine is running at full throttle even as China slows. Exports from Port Hedland rose to a record in March, according to the world’s biggest bulk-export terminal, which handles cargoes for miners including BHP Billiton Ltd. and new entrant Roy Hill Holdings Pty.
Total shipments increased to 39.53 million metric tons last month from 36.63 million in February and 36.61 million a year earlier, according to data from the port authority on Tuesday. The figure eclipses the previous high of 39.4 million tons set in September. Exports to China gained to 32.6 million tons compared with 29.14 million tons in February and 31.2 million in the same month in 2015.
Rotterdam cheapest port for businesses in southern Germany - says Drewry
The port of Rotterdam’s ambitions in southern Germany have been boosted by a report from Drewry, the British maritime market research organisation. The cheapest option for businesses in this area wanting to import a container from Shanghai appears to be via the port of Rotterdam.
Businesses in southern Germany can choose between Antwerp, Rotterdam and Hamburg for the import of their goods. The reputable market research organisation calculated what the best import routes would be via sea and rail from Shanghai to important German cities such as Munich and Nuremberg. Details such as costs and transit time were examined during the study. The report showed that of the three port cities, Rotterdam has the best maritime connections. At least 15 of the 16 services from Shanghai go to Rotterdam, whereas 13 go to Hamburg and 6 to Antwerp.
Huge oil tanker traffic jam builds at Iraq’s Basra port
A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays, with some waiting up to three weeks and costing ship operators around $75,000 a day per vessel.
Shippers and port sources said more delays are expected throughout April as the city’s facilities struggle to cope with Iraq’s soaring crude output.
The problems at Basra, coupled with continuing storage tank shortages in China, have pushed supertanker rates from the Middle East to Asia to unseasonal highs as the delays disrupt future sailing schedules and charterers cover future tonnage requirements.
“The VLCC (very large crude carrier) market is being sustained by a whole pattern of delays and congestion, affecting ports in Basra,” said Ralph Leszczynski, head of research at ship broker Banchero Costa in Singapore, adding that there were further delays in China and South Korea.
There are 27 VLCCs and suezmax tankers with a combined capacity of 43 million barrels, waiting off Basra, shipping data on the Reuters Eikon terminal showed, about twice the norm.
Suez Canal in 30% rebate US East Coast - Asia bound containerships
The Suez Canal Authority is offering a 30% rebate for containerships transiting canal from US East Coast ports and destined for Asia.
The rebate applies to vessels sailing from New York and ports to the south of it on the US East Coast and then calling in Asia at Port Klang, Malaysia and ports eastwards according to Alphaliner’s weekly newsletter.
The rebate applies to vessels leaving New York after 7 March and is initially valid for 90 days. The rebate is aimed at recapturing traffic from the US East Coast to Asia that has opted sail via the Cape of Good Hope on the backhaul even though the distance is 12,412 nm compared to 10,117 nm via the Suez Canal given lower bunker prices and avoiding paying the canal tolls. www.seatrade-mari...
China’s coal offtake from Australia’s Gladstone port recovers strongly in March
Australia’s Gladstone port shipped 415,000 mt of coal exports to China last month, spiking 176% from February’s 150,000 mt, which was a seven-year low at the time, Gladstone Ports Corporation said in an operating report Tuesday.
China’s offtake of coal exports at Gladstone port last month was less than half its 983,000 mt in March 2015, GPC data showed.
Over January-March, China took delivery of 1.13 million mt of Gladstone coal shipments, down 56.5% year on year from 2.6 million mt in January-March 2015, according to the data.
Panama Canal tightens vessel draft restrictions for second time in two weeks
The Panama Canal Authority (ACP) has announced a second tightening of vessel draft restrictions in a matter of two weeks as the effects of El Nino weather patterns continue to affect water levels for the famous inter-oceanic channel.
The latest announcement of a temporary restriction will see the maximum allowable draft lowered to 38.5 feet (11.74 metres), effective from April 29.
Previously, on March 21, the first such restriction had seen the maximum set at 39 feet (11.89m), from a norm of 39.5 (12.03m). That restriction will begin on April 18, although in each instance ships already loaded before the day of announcement will be exempt.
El Nino is a phenomenon whereby above average Pacific Ocean temperatures and atmospheric conditions impact on where storms occur. Usually this means less rainfall for the Canal zone and lower levels in Gatun Lake, on which Canal operations depend.
The Canal is less than three months away from the scheduled inauguration of its expansion project and after that it should be able to accommodate the new supersized container ships, which carry three times the volume of cargo of the biggest vessels that use the Canal today. splash247.com/pan...
Colombo’s CICT port extends services for new shipping lines
Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said.
As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo.
The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as a shipping center to distribute goods in the Asian region.
Primarily, the ships will be in service from the Colombo Port to Bangladesh and Myanmar.
The first ship has arrived in Colombo’s CICT terminal on the 30 March 2016, the Ports Authority said.
CICT is currently the deepest terminal in Colombo port.