Vado Gateway and Reefer Terminal to become the entry points for Chinese vehicles

2024-04-12

The Vado Gateway terminal aims to become one of the main hubs of automotive logistics. With the establishment of the Vehicle Logistic Vado company, a result of an agreement between the Fratelli Cosulich group and XCA (a company in turn formed by the collaboration between Arcese Trasporti and Conti), a commercial line is launched to import motor vehicles from China and use the quays of the Vado port as a gateway to Europe.

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REYBANPAC RECOGNIZED AS ONE OF THE MOST SUSTAINABLE COMPANIES IN ECUADOR

2024-04-12

Quito, Ecuador.- During the Sustainability Summit 2024, held on April 11, REYBANPAC was recognized as one of the most sustainable companies in Ecuador under the "Triple Impact" methodology: economic, social, and environmental. "It is gratifying to see that our efforts in sustainability are reflected in recognitions like the one obtained today. These milestones are an incentive to continue our contribution to the development of our country, promoting the growth and well-being of the people," said Leonardo Viteri Andrade, Vice President of Corporate Affairs, who received this important award granted by the Ekos Group on behalf of the company.

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South American Exporters Complain About Bananas Sold at €0.88/kg at Kaufland

2024-04-12

In its flyer from April 4 to 10, the German supermarket chain Kaufland offered bananas from Ecuador and Colombia at a promotional price of €0.88 per kilogram. South American banana producers and exporters associations accuse: "These below-cost practices ignore the efforts of a sustainable supply chain. Supermarkets and discounters should inform consumers about the efforts behind a sustainable fruit, respecting certification standards and strict market regulations, by selling bananas at a fair price."

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Fresh Del Monte to grow fruit in Sicily

2024-04-12

Fresh Del Monte focuses on Sicily, specifically Marsala, to produce small fruits under its brand. The official announcement of the investment will take place during the 3rd symposium on strawberries and small fruits at the 'A small fruits' company in Marsala. For years, Vito Gambina has been producing and selling raspberries, blackberries, strawberries, and wild strawberries on regional and national markets, products from the company in the Strasatti district.

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Mexico could export bananas by rail to the U.S.

2024-04-12

Adrián Prats, president of the National Banana Product System Committee, said that Mexican banana producers are enthusiastic about this project because it will reduce freight costs and allow the container to reach its destination directly. Prats Leal said that the Interoceanic Train passing through Teapa would enable them to send the fruit from Tabasco to the United States.

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MSC Faces Potential $63 Million Fine in the US

2024-04-05

MSC is at risk of a $63 million fine from the United States Federal Maritime Commission for alleged violations of the Shipping Act. The Geneva-based company is accused of unfair commercial practices, explicitly charging excessive penalties for delays and counter-delays on non-operational refrigerated containers and incorrectly billing companies that had no contractual relationship with the shipping company.

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Bananas Exported from Ecuador – Southern Cone - Jan & Feb / 2024

2024-04-05

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers. FOR SUBSCRIPTIONS AND ADVERTISEMENT PLEASE CONTACT admin@novamedia.ws

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Market Overview – Week 14/24

2024-04-05

In St. Petersburg, banana selling prices ranged from USD 18.50 to 19.05 per box CIF, depending on the brand, volume, quality, and packing. Approximately 1.75 million boxes were discharged in week 14, with around 1.18 million boxes projected for week 15. The situation has improved in the former USSR republics of Central Asia as the volumes of imported Chinese bananas have nearly vanished. The exchange rate was 1 USD = 92.31 RUB, and the year-on-year inflation in the Russian Federation was 7.7%. Mediterranean prices ranged from USD 18.0 per box CIF for Ecuadorian bananas, depending on brand, volume, and region. The highest prices were achieved in Libya, around USD 19.0 per box CIF and USD 17.0 per box CIF for bananas of Central American origin, and in Algeria, where the price reached USD 23.0 per box CIF. According to local traders, new import licenses have been released, and Charterers required specialised reefer vessels for prompt loading to arrive at discharge ports Algiers or Orane within April. The first spot vessel might only be load-ready in Ecuador after 10-14 days, depending on the transit of the Panama Canal. There were no confirmations of any fixture for that destination, and bananas are expected to be shipped by container.

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Colombian Banana Exports Exceeded Expectations in 2023

2024-04-05

Colombia's banana export destinations continue to be dominated by the European Union, which absorbs 68% of total sales, followed by the U.S. with 16% and the U.K. with 15%. At the recent General Assembly of Affiliates of the Association of Banana Growers of Colombia (AUGURA), the crucial role banana producers have played for more than 60 years in the economic, social, and labour growth of the regions where they operate was highlighted. With a solid commitment to social investment, producers in the Urabá region have allocated an impressive 650,000 million pesos in housing, infrastructure, education, and health projects by 2023.

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Bananas Exported from Ecuador – USA - Jan & Feb / 2024

2024-04-05

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers. FOR SUBSCRIPTIONS AND ADVERTISEMENT PLEASE CONTACT admin@novamedia.ws or info@sopisconews.online

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MSC Leads in Reefer Container Rankings

2024-04-05

MSC has established the largest capacity for refrigerated containers, reinforcing its position as the top liner operator. According to Alphaliner's report, MSC's fleet has expanded by nearly 20% over the past year, with its 815 ships equipped with 583,700 reefer plugs, marking an increase of almost 18%. Ocean Network Express (ONE) is the only company with more significant growth in the number of reefer plugs, at approximately 23%. This pan-Japanese carrier increased its overall fleet by 17.5%.

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Bananas Exported from Ecuador – EU27 & UK -Jan & Feb / 2024

2024-04-05

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers. FOR SUBSCRIPTIONS AND ADVERTISEMENT PLEASE CONTACT admin@novamedia.ws or info@sopisconews.online

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Ecuador Expels Mexican Ambassador

2024-04-05

On April 5, 2024, a diplomatic crisis was sparked between Ecuador and Mexico due to comments made by the Mexican President about the assassination of a presidential candidate in Ecuador. The Government in Quito declared the Mexican ambassador, Raquel Serur Smeke, persona non grata on the evening of April 4, with plans for the diplomat to be swiftly recalled to Mexico.

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South Africa: Transnet Port Terminals Gears Up for a Fruitful Citrus Season

2024-04-05

Anticipating a 15% increase in export volumes this year due to bountiful harvests, Transnet Port Terminals (TPT) has reaffirmed its commitment to ensuring another successful citrus fruit season in South Africa. To accommodate the volume surge, all container terminals across KwaZulu-Natal (KZN) will feature dedicated lanes for refrigerated containers at the gates, says Michelle van Buren Schele, TPT's General Manager of Commercial and Planning.

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Black Sea Feeder Delivers First Containers to Ukraine in Two Years

2024-04-05

A Turkish freight forwarder chartered a vessel that delivered the first containers to Ukraine's Black Sea ports in Greater Odesa since the war began in February 2022. This marks a significant increase in the country's capacity to handle goods entering and exiting its ports. The general cargo vessel T-Mare, flying under the Panamanian flag and owned by Majoris Trading of the Marshall Islands, was chartered on February 1, according to VesselsValue data.

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