Cargill upgrades its grain terminal in Rostov
During 2018-2021, “Production and Commercial Company “Bratya” (Rostov-on-Don), the part of the US corporation Cargill, plans to invest RUB 600-660 million in reconstruction of grain terminal, reports UkrAgroConsult. The upgrade will help to increase the capacity of the existing terminal by 50% to 1 MMT per year. It is planned to extend the quay wall from existing 142 to 314 linear meters and build a 20 KMT silo. This year, it is planned to prepare a feasibility study for the project and undergo an examination. The beginning of the construction work is scheduled for 2019. Ukraine. Grain terminal of M.V. Cargo 80% complete The grain terminal, constructed by M.V.Cargo in Yuzhny port, is 80% ready. The company reported that in spring it implemented the first phase, which included the construction of railcars unloading station, trucks unloading station, a warehouse for 80 KMT of grain and supporting infrastructure. Currently, the second line of silos and the berth #25 are being built. Two lines of vertical storage silos will be able to receive grain already in October 2018.
U.S. trader Bunge to focus Russian grain operations on Azov Sea
U.S. trader Bunge said it would focus its Russian grain trading on its Azov Sea export terminal near the southern city of Rostov-on-Don in an effort to boost efficiency. Grain traders have struggled with rising competition in Russia, one of the world’s largest wheat exporters, in recent years, while their trading margins have also been squeezed. Bunge’s move highlights rising competition in deep-water ports in Russia’s part of the Black Sea, from which traders supply grain by large ships to customers such as Egypt, the world’s largest wheat importer. The shallow-water ports of the Azov Sea usually supply grain by smaller ships to customers like Turkey. “Concentrating operations on a company-owned shallow water port terminal could give the advantage of low costs for niche business,” one trader said. Bunge is the “B” of the so-called ABCDs of global grain trading, which also include rivals Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Co. http://www.hellenicshippingnews.com/u-s-trader-bunge-to-focus-russian-grain-operations-on-azov-sea/Upload News
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