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.

Read More »

Advertisement

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.

Read More »

Advertisement

Miniature Pineapples: A Perfect Treat for One

2024-04-05

Del Monte, a global produce producer and distributor, has introduced a pineapple that is just the right size for one person. Inspired by the pulse pineapples common in Thailand, this new product is designed with individual consumers in mind. In March, Del Monte announced the launch of the Precious Honeyglow pineapple, a "personal-sized" fruit that weighs only 1.5 to 2 pounds, about half the size of an average pineapple.

Read More »

Advertisement

Bananas Exported from Ecuador – Med & Black Sea - 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

Ecuadorian Banana Sector Assesses Impact of VAT Increase

2024-04-05

The value-added tax (VAT) is nearing the end of its first week since the increase from 12% to 15% took effect on April 1 in Ecuador. Export-focused productive sectors are evaluating the impact of this hike, determining whether they can absorb it or if it will be reflected in the final price of their products, such as the banana box. The banana sector is conducting these analyses amidst a 3% decrease in fruit exports in January and February of the previous year, translating to approximately two million fewer boxes exported compared to the same period in 2023.

Read More »

Advertisement

ONE Initiates Trial of Dual-Temperature Reefer Container

2024-03-29

Ocean Network Express (ONE) has commenced a trial shipment of the world's first dual-temperature reefer container with controlled atmosphere (C.A.) functions. This innovative container can maintain perishable cargo in different temperature zones, significantly advancing marine transportation.

Read More »

Advertisement

Cancellation of Dole's Sale of US Fresh Vegetable Unit

2024-03-29

Dole plc, the Dublin-based company, has cancelled the sale of its fresh vegetable’s unit to Fresh Express. This decision comes more than a year after the deal was announced with Fresh Express's parent company. In January of the previous year, Dole agreed to sell its U.S. vegetable division to Fresh Express, a subsidiary of Chiquita Brands International, for $293 million.

Read More »

Advertisement

Tesco's Essential Notice to Banana Shoppers

2024-03-29

Tesco, the U.K.'s leading grocer, has issued an important notice to its shoppers who purchase bananas. The supermarket has posted a helpful guide on its website, providing customers with tips on optimally using their bananas, even those past their prime. According to Tesco, bananas are the U.K.'s most beloved fruit. Astonishingly, more than 5 billion bananas are purchased every year. However, about 10% of these, or 1.4 million bananas, are wasted daily.

Read More »

Advertisement

Market Overview- Week 13/24

2024-03-29

From Monday to Wednesday, banana selling prices in St. Petersburg were around USD 20.10 per box CIF. However, they started a downward trend afterwards, dropping to USD 19.05-19.60 per box CIF by Friday, March 29th. The market weakened due to low demand and high volumes of bananas discharged in week 12. According to local traders, this will also affect prices in week 13. Almost 3.29 million boxes were discharged in week 12, and 1.81 million are expected in week 13. There were difficulties at transit markets, with at least one case reported of importers from Uzbekistan refraining from paying bananas to exporters from Ecuador—an importer with a contract of 30 containers per week abandoned at most minuscule 30 FEUs. Difficulties were also experienced in other transit countries’ markets, such as Kazakhstan, Kyrgyzstan, and Tajikistan, where consistent volumes of bananas from origins other than Ecuador were imported. According to local traders, the larger volumes of bananas imported from India, China, Egypt, and other countries sold at lower prices affected the trade with Ecuador, and two more weeks might be necessary to clear the volumes of the fruit of origin different from those of Ecuador.

Read More »

Advertisement

Transforming Banana Breeding in East Africa

2024-03-29

IITA-CGIAR and six national agricultural research centres have signed the Mchare and Matooke Regional Target Product Profiles. This agreement aims to enhance banana breeding and its impact in East Africa, serving smallholder farmers and their families more effectively. The deal was signed during the recent East Africa Banana Network Meeting in Kampala, Uganda, to jointly develop and test new banana hybrids in the highlands of Eastern Africa, following standardized breeding and testing procedures.

Read More »

Advertisement

CMA CGM declares "Force Majeure" in response to Baltimore Bridge Collapse

2024-03-29

The major carriers are scrambling to assist customers and formulate plans in the wake of this week's incident, which suspended vessel traffic in the Port of Baltimore indefinitely. While no container vessels were on the dock at the time of the incident, CMA CGM reports that the terminal stopped receiving exports as of 11 a.m. on March 26, prompting the carrier to issue a notice of Force Majeure to customers.

Read More »

Advertisement

Dole Makes National Banana Day 2024 its Biggest in 125 Years

2024-03-29

For many Americans, Christmas is the biggest day of the year. For others, it's the 4th of July or Halloween. For accountants, it's Tax Day; for teachers, it's the start of summer vacation. But for the tens of thousands of fresh fruit farmers, marketers, shippers, and specialists at Dole Food Company, the brand behind the world's best-selling DOLE® Banana, National Banana Day on April 17 is the most significant annual cause for celebration.

Read More »

Advertisement

German Ports Require Upgrades for Methanol-Fuelled Ships

2024-03-29

Ane Mærsk, the world's first sizeable methanol-fuelled container ship operated by A.P. Moller–Merks, docked at EUROGATE Container Terminal Hamburg (CTH) on Thursday, March 28. The vessel, measuring 350 meters in length and 53.5 meters in width, has a capacity of up to 16,000 TEU. It is the first in a series of 18 methanol-capable ships, with capacities ranging between 16,000 and 17,000 standard containers (TEU), to be delivered to Maersk in 2024 and 2025.

Read More »

Advertisement

FDP Recognized as One of America's Most Trusted Companies

2024-03-29

Fresh Del Monte Produce has been named to Newsweek's list of the World's Most Trusted Companies for the third consecutive year. In 2024, the fresh produce distributor and marketer achieved the No. 8 rank in the Food and Beverage category, reflecting the trust of consumers, investors, and employees.

Read More »

Advertisement

Philippines Secures $133M in Sales at Dubai Food Expo

2024-03-29

A delegation of 25 Filipino companies collectively secured approximately $133 million in export sales at the "Gulfood" expo, which took place in Dubai, United Arab Emirates (UAE), from February 19 to 23 this year. According to the Department of Trade and Industry (DTI)—Center for International Trade Expositions and Missions (CITEM), the group's export sales consist of booked orders and sales under negotiation.

Read More »

Advertisement