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NEWS


Hanjin Shipping scrambles to resolve crisis; judge orders ships returned to charter owners; some vessels unloaded, yet MSA shippers still have containers stuck in limbo (09/19/2016)

Hanjin Shipping, the world’s seventh largest container ocean carrier that is now in receivership, is facing a new urgency, the Journal of Commerce (JOC), reported earlier today after a South Korean judge ordered the company to return ships it has chartered to the vessels’ owners. While some vessels have been unloaded at some ports, in other locations containers are still unable to be unloaded and cargo is stuck in limbo.

United States challenges Chinese support for rice, wheat, corn as excessive under WTO rules (09/19/2016)

WASHINGTON, DC – Last week, the Obama Administration launched a new trade enforcement action against the People's Republic of China at the World Trade Organization (WTO) concerning what the U.S. claims is excessive government support provided for Chinese production of rice, wheat, and corn.

Pulses surge in popularity with farmers and consumers (09/19/2016)

Last week, AgWeek reported on the increasing popularity of growing pulse crops – dry peas and lentils – by an increasing number of farmers in North Dakota and Montana. AgWeek focused part of its report on Circle, Montana farmer Jerry Schillinger, who is the president of the Northern Pulse Growers Association (NPGA).

Value-added ag offers income alternative in South Dakota (09/19/2016)

HURON, S.D. — In the current era of low grain and livestock prices, South Dakota farmers are once again looking at alternative revenue sources and ways to add value to the commodities they produce. AgWeek reported last week on emerging trends in value-added agriculture in South Dakota. Midwest Shippers Association Regional Advisory Committee Member Cheri Rath, who is director of the South Dakota Value-Added Agriculture Development Center, figured prominently in the story.

Hanjin Group approves spending investment to rescue some stranded cargo; ships with imports unloads at POLB, Rupert; fate of export containers overseas unclear (09/12/2016)

After initially rejecting a request for a spending package to help deliver container cargo stuck on bankrupt Hanjin Shipping vessels around the world, the board of the largest investor in Hanjin approved a $55 million investment over the weekend to be matched by the South Korean government. The move has allowed some stranded Hanjin ships with import containers off U.S. ports to start unloading cargo. However, there is scarcely any word on the fate of other Hanin vessels overseas holding U.S. export cargo, as the bankruptcy proceedings continue without a major solution coming forth.

Chinese buyers commit to purchase $1.78 billion of U.S. soy at Indianapolis signing ceremony (09/12/2016)

Chinese importers signed letters of intent to purchase 3.9 million metric tons of new crop U.S. Soy, valued at $1.78 billion, at a signing ceremony held in Indianapolis, Indiana on August 30. The signing ceremony was held in conjunction with the U.S. Soybean Export Council (USSEC) and Midwest Shippers Association (MSA) joint international soy and specialty grains conference held at the JW Marriott Indianapolis August 30 – September 1.

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