Archer Daniels Midland Company has reached an agreement to acquire North Star Shipping and Minmetal.
The deal sees ADM take control of the loading terminals at the Port of Constanta on the Black Sea.
The full asset list consists of: 10 vessel berths, including seven deep sea berths; port terminals; on-site grain storage capacity of 330,000 metric tons; two floating cranes for direct barge-oceangoing vessel transfer; mobile shore cranes and equipment; a vacuum discharge and ship loader; and an iron ore and coal terminal located on 21 hectares.
ADM is already a shareholder in the two companies.
Sam Duke - Editor
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