rss icon Subscribe
desktop mobile

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Posted by Joseph Keefe

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.
The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute, and sees an opportunity for China to import additional ethanol, Young said at the BMO Capital Markets 2018 Farm to Market Conference in New York.

Beijing has threatened tariffs on imports of U.S. products including soybeans, America's top agricultural export to China, worth more than $12 billion last year.

Reporting by Tom Polansek

May 16, 2018

 

Bulk Carriers

CP Rail Workers Reject Contract, Resume Negotiations

File Image (CREDIT: AdobeStock / © Carolyn Franks )

Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's

Baltic Index Marks Second Straight Weekly Decline

File Image (CREDIT: AdobeStock / © Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

K Line Adds 'Corona' Series Coal Carrier "Corona Xanadu"

Image: Kawasaki Kisen Kaisha

Kawasaki Kisen Kaisha (“K” Line) is proud to announce the delivery of “Corona Xanadu,” an 88

Contracts

Stena RoRo Places an Order for LNG Newbuild

Photo provided by Stena RoRo

Stena RoRo places an order for a further newbuild and signs a 10-year charter contract with

CP Rail Workers Reject Contract, Resume Negotiations

Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising

Maersk Line Introduces Bunker Surcharge

File Image: CREDIT Maersk

The world's largest container shipping company Maersk Line is increasing prices because of a surge

Maritime Apps