ADM: Orders Three New Ocean-going Vessels

Decatur / IL. (adm) Archer Daniels Midland Company (ADM) announced that it has placed an order with Japan´s Sumitomo Corporation for the construction of three new post-Panamax dry-bulk ocean-going vessels, which will increase the size of ADM´s ocean-going fleet to eleven vessels. The post-Panamax dry-bulk carriers will have a dead-weight of approximately 95’000 metric tons each.

«Adding three new ocean-going vessels to our global transportation network supports our strategy to increase the volume of crops we handle and expand the geographic footprint of our operations worldwide», said Royce Wilken, an officer of ADM Transportation. «It also provides greater flexibility and control of our supply chain while improving our transportation margins».

To support the increasingly global nature of its business, ADM owns and operates an expansive global transportation network, which currently includes 700 trucks, 1’500 trailers, 26’100 railcars, 1’700 barges, 58 tug boats, 29 line boats and eight ocean-going vessels, that moves crops from local elevators to processing plants and customers around the world. ADM´s fleet of ocean-going vessels – ranging in size from Handy and Handymax to Supramax and Panamax – serves as the backbone of ADM´s grain transportation program.

ADM´s three new ocean-going vessels will be built with technology that offers high performance while decreasing energy consumption to offer the best available environmental footprint for shipping large quantities of bulk commodities overseas.