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Day: February 14, 2010

Grain giant ADM forms steamship partnership

Archer Daniels Midland Company (ADM) and Norton Lilly International (NLI) today announced the formation of Agri Port Services, LLC (APS), a jointly owned steamship agency. Based in Destrehan, La., Agri Port Services will provide...

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Bridge poses a tight squeeze for cargo ships

Port of Long Beach officials want to tear down the Gerald Desmond bridge and replace it with one that is taller and wider to accommodate the biggest cargo ships, which are nearly twice the size of the Texas. Officials at the Los...

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CMA CGM obtains new financing

It has been announced that the consortium of banks of European shipping line CMA CGM has signed an agreement to release $80 million in financing to the shipping group. This financing is part of the overall Restructuring Plan...

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