rss icon Subscribe
desktop mobile

ADM Brazil Unit Invests $85 Mln in Santos Port

Posted by Eric Haun

The Brazilian unit of Archer Daniels Midland Co on Friday said it had completed a 33 percent expansion in its Santos port terminal's export capacity to 8 million tonnes of grains per year.
The company invested 280 million reais ($85.19 million) in the project, which comes two years after Brazil extended ADM's license to move grains including soybeans and corns at the terminal for 20 years through 2037.
The investment underscores the company's commitment to retaining a leading position in Brazil, whose agricultural heartland is seen as critical to supplying expanding world food markets.
ADM kicked off activity at Santos in 1997, coinciding with its arrival in Brazil, which the company says is key for its global strategy. It began the Santos port operations after purchasing several crushing plants, grain elevators and silos.

($1 = 3.2868 reais)

(Reporting by Ana Mano; Editing by Christian Plumb and Cynthia Osterman)

May 19, 2017

 

Bulk Carriers

The 'Grande Halifax' Christened in Halifax

From left, Andy Abbott CEO of ACL, Karen Oldfield and Costantino Baldissara. Photo:  Hafen Hamburg Marketing

The Pure Car & Truck Carrier Grande Halifax, owned and operated by the Grimaldi Group

Eniram Signs On LNG Powered Bulk Carrier Project

(Image: Arista Shipping)

The Project Forward initiative, which is led by Athens-based Arista Shipping, has produced an

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt

Finance

NYK Line's Green Bonds Terms and Conditions Determined

Image: NYK Line

Japan's Nippon Yusen Kaisha (NYK), the world's first shipping company to issue a labelled green

Maersk Revenue Up 30% YOY in Q1

In Q1 2018, A.P. Moller - Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well

New Rules on Ship Emissions Herald Sea Change for Oil Market

© xy / Adobe Stock

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying

Maritime Apps