ADM acquires five ocean going vessels
Archer Daniels Midland Company has acquired five ocean-going dry-bulk commodity vessels, ranging in length between 179 and 225 meters. The acquisitions augment its already enormous global transportation network, increase flexibility and reduce costs.
"These five carriers compliment ADM’s global transportation network and allow us to ship grain throughout the world with more flexibility and lower cost than outside carriers," said Royce Wilken, an officer of ADM Transportation.
"As we continue to expand our continental transportation networks around the world, connecting these regions on a global scale aligns with our strategy to expand the geographic scope of our business."
The five carriers – one Handy, one Handymax, a Supermax and two Panamax vessels – provide cargo-carrying capacity between 36,000 tonnes and 67,000 tonnes and will transport all types of grain, grain products and bulk commodities to and from ports in Europe, South America, Asia and other parts of the world.
The carriers have the following sizes and capacities:
Type | Length | Dead weight |
Handy* | 179 meters | 38,147 tonnes |
Handymax* | 186 meters | 45,674 tonnes |
Supermax | 190 meters | 52,262 tonnes |
2 Panamax | 225 meters | 73,000 tonnes |
*The Handy and Handymax carriers are equipped with self-unloading grabs, capable of unloading cargo without the assistance of shore-side equipment or personnel.
Lower delivery costs
"In addition to providing us greater control of the supply chain, these vessels will improve operating margins, and help to position us ahead of our competitors with regards to net delivery cost," said Wilken.
"The productivity gains these vessels bring to ADM will also help ensure that our just-in-time delivery capabilities are among the best in the industry."
Once in operation, the five dry-bulk carriers will augment ADM’s transportation network, which also includes 1,700 barges, 58 tow boats, 29 line boats, 23,500 railcars and 1,600 trailers.
Related website: ADM
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