US Gulf Coast grain exports resuming as more and more power is restored

Gulf Coast grain exports from Louisiana were slowly increasing after a hiatus lasting nearly two weeks nearly two-week halt due to damage from Hurricane Ida, with at least two large terminals loading vessels and power steadily being restored to others, government and shipping sources said on Thursday.

More than 50 oceangoing vessels were lined up along the lower Mississippi River waiting to dock and to be loaded with soybeans or grain, according to Refinitiv Eikon shipping data and industry vessel line-up summaries seen by Reuters.

Bulk carrier Navios La Paix (IMO 9678329) was docked at Archer-Daniels-Midland Co’s ADM.N facility in Destrehan on Thursday and loading with grain bound for Central America.

At least three – 25% – of the region’s terminals were still without power late last week, including a CHS Inc CHSCP.O facility in Myrtle Grove and a heavily damaged Cargill Inc CARG.UL terminal in Reserve, Louisiana Agriculture Commissioner Mike Strain said.

Bunge Ltd’s BG.N facility in Destrehan was still not operational and the company has did not yet have an estimate as to when it would be back online, according to company spokeswoman Daiana Bein Endruweit.

Barge-loading river elevators in the US farm belt had been holding back downriver shipments of grain, waiting for hurricane damage to be cleared and for power to be restored.

There were 258,000 tons of corn and soybeans shipped through key river locks on the Mississippi River and its tributaries in the week ending September 9th, which was down 65% on the same week last year, according to the US Department of Agriculture.

The US Army Corps of Engineers expected that the bulk of shipping channel obstructions on the lower Mississippi would be removed by Sept. 21 and dredged by September 23rd.

As of September 10th the vessel was en route from New Orleans to Cristobal, Panama.

2014-built, Panama-flagged, 34,794 gt Navios La Paix is owned by Velvet Shipping Corp care of Navios Corp Mgmt Inc of Piraeus,, Greece. It is entered with London Club on behalf of Velvet Shipping Corp.