Vietnamese province has nine banana production unit codes for export

2024-04-12

In 2023, Phu Tho will have 24 banana production unit codes for domestic consumption and nine banana production unit codes for export. Recently, the quality of Phu Tho bananas has improved, along with branding. According to information from the Crop Production and Plant Protection Sub-Department of Phu Tho province, in 2023, the unit has issued 24 production unit codes to serve domestic consumption for over 300 ha of bananas, as well as coordinating with the Department of Plant Protection to issue 9 production unit codes for 250 ha of bananas for export.

Read More »

Advertisement

FMC Seeks US$63 Million Fine Against MSCfor Alleged Violations During Covid

2024-04-12

The U.S. Federal Maritime Commission (FMC) is seeking a civil fine of US$63.3 million against the Swiss-Italian Mediterranean Shipping Company (MSC). The FMC alleges that MSC "knowingly and willfully" violated the U.S. Shipping Act during the Covid pandemic, according to a report by London's Lloyd's List. The FMC Office of Enforcement has also requested an administrative law judge to issue a cease-and-desist order against MSC due to its alleged "blatant disregard for the Shipping Act".

Read More »

Advertisement

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.

Read More »

Advertisement

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.

Read More »

Advertisement

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."

Read More »

Advertisement

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.

Read More »

Advertisement

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.

Read More »

Advertisement

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.

Read More »

Advertisement

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

Read More »

Advertisement

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.

Read More »

Advertisement

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.

Read More »

Advertisement

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

Read More »

Advertisement

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%.

Read More »

Advertisement

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

Read More »

Advertisement

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.

Read More »

Advertisement