ADM joint venture acquires Brazilian shipping agency
Archer Daniels Midland Company and Norton Lilly International have announced that their steamship agen...
Archer Daniels Midland Company and Norton Lilly International have announced that their steamship agency joint venture, Agri Port Services, has acquired Brazilian port and shipping agency Blue Ocean Agencia Maritima. ADM was previously a part owner in Blue Ocean.
Blue Ocean services oceangoing vessels at ports throughout Brazil and maintains offices in the strategic ports of Santos and Paranagua. The company serves as a shipping agent for both inbound and outbound vessels, coordinating vessel clearance, loading/discharging operations, vessel logistics and support, vessel resupply, and cargo and customs documentation.
Hans Christian Jensen, Director of Global Ocean Freight, for ADM, said: “ADM’s ability to offer logistics services and expertise throughout the value chain is one of the things that sets us apart, and we are growing our logistics capabilities around the globe.
“We added shipping agency capabilities in eastern Europe when we acquired full ownership of several export facilities on the Black Sea earlier this month. And in April, we announced the launch of ARTCO Stevedoring, which offers bulk stevedoring and crane service, fleeting, harbour and other river services on the lower Mississippi. Now, with our partner Norton Lilly, we are expanding our logistics offerings in Brazil, a large and growing exporter of agricultural products and other bulk commodities. Agri Port Services will now be able to provide one point of contact for ship owners, managers and charterers throughout the Americas.”
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Norton Lilly Chairman Win Thurber added, “We are very excited about the acquisition of Blue Ocean, which allows Agri Port Services to fulfill the vision to have one point of contact for customers in North and South America.”
Agri Port Services (APS), a steamship agency joint venture between Archer Daniels Midland Company and Norton Lilly International, offers steamship agency services in 70 ports through 39 offices situated in North America. These offices handle approximately 20,000 port calls annually. APS is a one-stop shop for port agency needs, and is one of the premier agencies in North America servicing the bulk agricultural commodity industry. With the acquisition of Blue Ocean, APS will now offer services throughout Brazil.
Norton Lilly International is headquartered in Mobile, Alabama, and is the oldest and one of the largest providers of agency services in North America, focusing on agency services, brokerage, vessel planning and other marine service activities.
For more than a century, the people of Archer Daniels Midland Company have transformed crops into products that serve the vital needs of a growing world. Today, it is one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, it connects the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany