NOVA MEDIA PUBLISHING INC.

Ecuador: Objections to the Banana Law Project

18.4.2019
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The Association of Marketing and Export of Bananas (Acorbanec) participated a meeting of the Food Sovereignty Commission of the National Assembly. The director of the association, Richard Salazar, was received on Wednesday, April 10th in the legislature. Other representatives of the sector were also there, among them, Eduardo Ledesma, executive director of the Association of Exporters (AEBE). The idea was to present the arguments of the representatives of the agricultural sector regarding the Bill that regulates the production of bananas, plantains, orito and other musaceas. There were four observations.

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Canary Islands: New Use for Banana Residues

18.4.2019
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Money paper, tea bags, thread and even interior parts of vehicles are some of the products that the "Life Baqua" project has developed by recycling banana fibres in the Integrated Manufacturing Center of the University of Las Palmas de Gran Canaria (ULPGC ). This European project seeks to take advantage of all the vegetable waste generated by the banana crop and at present is studying the possibilities of real implementation within the islands at an industrial level. The "Life Baqua" project has manufactured biodegradable products from banana fibre such as bags for tea or infusions, continuous yarn and consequently fabric as well as money paper.

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Asprocan Re-Elects Domingo Martín as President

18.4.2019
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Domingo Martín Ortega has been re-elected as president of the Association of Organizations of Banana Producers in the Canary Islands (Asprocan), according to the agreement adopted by the ordinary general assembly of that entity held on April 16th in Santa Cruz de Tenerife. After his confirmation in the position, Domingo Martín Ortega, who expressed his gratitude for the renewal of the confidence of Assembly representatives wanted to emphasize the importance of continuing to advance in the lines of action set in motion by Asprocan especially at this time, which has been defined as key at political and social levels both in Spain and in Europe as a result of the renewal of all public administrations.

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Port of Guayaquil Totals 78.1% of Bananas Exported from Ecuador

12.4.2019
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Some 78.13% of the total Ecuadorian bananas exported were shipped through the Port of Guayaquil during the first quarter of this year, according to data from the Association of Banana Exporters of Ecuador (AEBE). The remaining percentage (21.87%) went through Puerto Bolívar. Regarding total figures, banana exports to the European Union during the year amounted to 21,653,668 boxes, 13.53% less than what was achieved in the first three months of 2018.

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Juan Camilo Restrepo G. Leaves Augura

12.4.2019
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After 4 years and 7 months of work, Juan Camilo Restrepo is leaving the presidency of the Banana Association of Colombia (Augura). His tenure ends with a balance sheet that, at the end of 2018, shows the best figures of the sector in 10 years. It should be noted that Augura’s producers and affiliated trading entities represented 78% of the total volume and value exported from the country last year, closing with a production of US$101.4 million boxes of bananas, which means an increase of 3.52 % in volume, equivalent to US$868.7 million; this means a 2.63% increase in value compared to what was exported in 2017.

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Canarias: Asprocan Sceptical of Forthcoming Trade Agreements from the European Union

12.4.2019
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Asprocan, an entity that brings together the main banana producers' organizations in the Canary Islands has expressed its doubts on the possible liberalization of banana imports from third countries into the EU market. The company refers to the commercial agreement between the European Union and Colombia, Ecuador and Peru, since it would directly affect them as competitor producers of the product. For this reason, it has asked the European Commission for a study of the impact it would have on the Outermost Regions and has also announced that it will address the problem at the meeting of the European Banana Joint Committee, scheduled for the coming weeks in Portugal.

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Costa Rica: Banana & Pineapple Growers Predict Reduction of US$ 254 Million In Exports in 2019

12.4.2019
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Costa Rican banana exports could fall by around US$ 154 million and pineapple exports by at least US$ 100 million in 2019 as a consequence of the impact on production of the drought generated by the El Niño Phenomenon and adverse market conditions. The combined reduction of US$ 254 million has so far had no effect on employment in these two sectors although the National Chamber of Producers and Exporters of Pineapple (Canapep) predicts that by the end of this year the planted area may be reduced by about 5,000 hectares. Costa Rica currently has 43,000 hectares cultivated with bananas, with an estimated 40,000 direct jobs while for the pineapple sector it has estimated 32,000 direct jobs and 44,000 hectares planted.

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World Banana Summit Brings Together 60 Exhibitors in Guayaquil

12.4.2019
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Between April 9th and 11th Guayaquil hosted the ninth edition of the World Banana Summit that brought together experts, companies and representatives from the banana sector to share advances in scientific solutions and innovations in equipment. Ricardo Baquerizo, president of Expoplaza organizer of the Summit together with the Association of Graduates of Earth (Agearth) and Zamoranos del Litoral (Ageaple), explained that the summit was divided into the trade fair and scientific talks that started on April 9th with the participation of the American Patrick Huber, from the University of California, on sustainability and social responsibility. There were 21 scientific conferences, with topics such as advances to control black sigatoka and prevent the arrival of fusarium race 4, known as Panama disease. There were around 60 business stands offering their products. "There are new fumigation techniques, drones that are used for certain areas near rivers where they must be more efficient," said Baquerizo.

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Unibán Increases Sales to the EU Market

5.4.2019
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Unibán, the main Colombian agricultural products marketer, has advanced in the implementation of its new strategy to serve customers and markets in Europe, the United States and Asia from four main businesses: Agricultural Production, Field Services, Marketing and Logistics, and Market Development. Unibán grew participation in the North American market with sales that increased 38% in banana and 20% in total during 2018; and through TMA (Tropical Marketing Associated), commercialized 8.82 million boxes of bananas directly to Europe. Their presence in the In the snacks market was expanded with new clients in Portugal, Trinidad & Tobago and the Dominican Republic interested in developing their own brands. Agricultural Production, a business formed by the agricultural companies Sara Palma S.A. and Bananera Genesis S.A. which farms focus on the production of bananas; Agricultural Uberaba S.A. in the production of pineapple.

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Honduras: Puerto Cortés Exports Grew 3.3% in First Quarter

5.4.2019
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Exports through Puerto Cortés in Honduras grew 3.3% in the first quarter of 2019, compared to that period 2018, an expected trend for the rest of 2019, especially in manufacturing and melon exports, the management of the Central American Port Operator (OPC), concessionaire of that terminal, announced. Melon shipments started last December and will end in May, and they had a good performance, therefore, it is expected to end with an increase of 10% in relation to the 2018 season. The behaviour is also positive in banana volumes, among other products.

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Citronex of Poland Expands Thanks to its Banana Business

5.4.2019
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As company boss Artur Toronowski told a Polish business magazine, the banana importer supplied about 70 percent of the Polish market with the tropical fruit in 2018. In total, 13 million boxes of the company's "Yellow" brand from plantations in Ecuador and Colombia and shipped by ship to Hamburg and Gdansk. Sales in 2017 were US$ 7 887 million, and sales in the last year have exceeded the billion mark, as media reported. In addition to stores in Poland, chains Kaufland and Profi in Romania and Aldi in Germany are also supplied by the company. The Zgorzelec importer also covers half of the banana supply in Lithuania.

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Costa Rica: Moin New Terminal Faces its First Crisis

5.4.2019
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Five weeks after its official entry into operation, the company APM Terminals faced the first crisis at the Container Terminal of Moín (TCM), in Limón. The clearest evidence was the long dams of vans at the entrance to the port, which in turn caused the road collapse in the area, on April 1st. Representatives of the port terminal and the Ministry of Public Works and Transportation (MOPT) agreed that a clear cause of this chaos was the announcement of the closure of route 32, which links San José with Limón, for demarcation work. The warning caused dozens of carriers who had an appointment in the port to travel to Limón since April 2 night, despite having an appointment until the morning, afternoon or evening of April 3.

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CMA-CGM Orders Ten New Container Ships in China

29.3.2019
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Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, signed on March 24 two strategic agreements with Lei Fanpei, Chairman of the China State Shipbuilding Corporation (CSSC), in the presence of French President Emmanuel Macron and Chinese President Xi Jinping during his visit to the French capital. On the occasion of these signatures, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, declared: “Through this strategic partnership with the China State Shipbuilding Corporation, we once again opt for LNG propulsion and we reinforce our efforts to develop ever more efficient and environmentally-friendly vessels. We thereby reassert our leading role in the energy transition of the shipping industry.”

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Chiquita Invests in Water Conservation

29.3.2019
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Fort Lauderdale, Fla.-based Chiquita Brands International is using water recycling programs to reduce its water use 1.7 billion liters per year. In a nod to World Water Day on March 22, the company noted said it has committed to only use irrigation where it is strictly necessary and has eliminated use of wasteful overhead irrigation, according to a news release. Additionally, as an element of its farm rejuvenation program, Chiquita said it is investing in mini and micro irrigation. That technology currently covers 6.5% of its irrigated land and uses live ground cover and mulches that reduce evaporation to ensure that the greatest efficiency possible for water abstraction, according to the release.

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Chiquita Appearing on Season 2 of Emmy-Nominated Tomorrow’s World Today

22.4.2019
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Fort Lauderdale, FL – Season Two of Tomorrow’s World Today will surely a-peel to viewers with a visit to Chiquita headquarters in Guatemala and Panama. The first episode of season two, which airs on Saturday, May 4, introduces sustainability across the banana harvesting process. Tamara Krinsky, the field reporter for Tomorrow’s World Today, learns about the logistics of getting bananas from the field to the store when she visits Chiquita facilities in Guatemala. “Chiquita is delighted to be featured on Tomorrow’s World Today, a cutting-edge program which examines how pioneers use natural and technological resources to create a more sustainable society,” said Carlos Lopez Flores, President of Chiquita.

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All Chiquita Bananas Now Shipped by Container

22.2.2019
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Banana trader Chiquita has changed its import logistics for Europe. Instead of using Specialized Reefer vessels the bananas will in future only be transported in containers. On the occasion of the first launch of its new transatlantic service, on 18 February the group invited business partners and customers to a ceremony in the Dutch port of Vlissingen. Around 500 to 600 (40-foot) refrigerated containers full of Chiquita bananas now arrive once a week at the Kloosterboer terminal in the harbor at the Schelde estuary. "We'll be able to do the same with two ships less," said Stefani Di Paolo, president of Chiquita shipping company Great White Fleet, which is responsible for the group's ocean freight logistics.

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Colombia: Asbama and Police Meet to Strengthen Security in the Banana Sector

22.2.2019
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During the work session, the different modalities that criminals have been using to commit crimes of theft, drug trafficking, extortion and kidnapping, as well as irregular migration during 2018, were announced. With the aim of articulating the work to strengthen the security strategy in the department of Magdalena, the National Police of Colombia, in alliance with the Association of Bananeros del Magdalena and La Guajira, Asbama, and the Banana Association of Colombia, Augura, developed the planning and coordination meeting of the 'Civic Participation Network'.

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Guatemala: Increased Banana Exports

22.2.2019
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The export of bananas from Guatemala experienced exponential growth last year. For this year the producing and marketing companies bet on new markets, as well as more investments, for the high profitability, after the experience of last year, according to representatives of the sector. Julio Mérida, executive director of the Association of Independent Banana Producers (Apib), affirmed that the sector registered high productivity. "The international demand and the situation of the behaviour of other raw materials were a success of the sector," he said. 90% of what Guatemala produces goes to the United States, but new niches are being explored such as Russia, South Korea, Germany and the United Kingdom.

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Ecuador: Specialized Credits of up to US$500,000 for Agricultural Sectors

22.2.2019
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The Minister of Agriculture and Livestock, Xavier Lazo, together with the Chairman of the Board of BanEcuador, Jorge Wated has announced new credit lines for the agricultural sector. These products are destined in particular for the banana, palm and to the cattle activity. In the first item, financing applies for training, maintenance and purchase of lands with established crops. Minister Lazo said that the country lacked credit lines "tailored and specialized", so he considered that this opening of financing will be essential to activate the commercialization of these products, both for the local and international markets.

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A.P. Møller - Mærsk A/S Accelerates Transformation and Grows Revenue in 2018

22.2.2019
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Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefitted from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to USD 39bn in 2018, an additional USD 12bn in turnover. "In 2018, we made significant progress in implementing our strategy. With the expected demerger and listing of Maersk Drilling in April, the separation of our Energy-related businesses will be almost complete. We have successfully integrated Hamburg Süd, accelerated our digital transformation and come together across sales, customer service, delivery and products as one company with customers at the centre of our attention. We are starting to see growth both in Ocean and non-Ocean segments," said Søren Skou, CEO of A.P. Moller - Maersk.

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Demand for Ecuadorian Organic Bananas Increases

22.2.2019
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The demand for organic bananas in the world is increasing steadily, and this is reflected in Ecuador’s export figures. The orito or baby banana also registers a positive trend. Around 310,000 boxes of organic bananas are shipped weekly. Between January and October of last year, organic bananas accounted for 7.2% of total exports of the fruit, achieving revenues of US$ 241 million according to figures from Pro Ecuador. The United States, the European Union and Japan are the main markets that demand this product, and banana farmers work every day so that their farms maintain production standards that allow them to maintain organic certification.

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Ecuador Participates Successfully in Fruit Logistica

22.3.2019
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Ecuador strengthened commercial ties with Germany during its participation in the Fruit Logistics Fair 2019, held in Berlin and which was evaluated as successful by the Ecuadorian authorities. As in every edition, the event was an opportunity for exchange among producers, exporters, importers, distributors, representatives of supermarkets and service providers. According to the Ministry of Agriculture and Livestock of Ecuador, the event was also a space to disseminate other services related to logistics, transport, packaging, designs, technologies and information systems and agricultural, environmental and marketing innovation. At the meeting, the Minister of Agriculture, Xavier Lazo met with representatives of the German Government to strengthen links, as well as with different actors in the private sector, especially importers interested in Ecuadorian fruits.

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Peru Warns that Transporters’ Strike will Waste Thousands of tons of Bananas

22.2.2019
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The strike by heavy cargo carriers also puts mango exports at risk, according to the Peruvian Association of Producers and Exporters. Juan Carlos Rivera, manager of the Peruvian Association of Producers and Exporters of mango (APEM), said that the stoppage by transporters will paralyze the production of mango and organic bananas in the region. He also stressed that this eventuality puts at risk the future exports of the products could result in millions in losses for exporters and farmers. He pointed out that more than 1,000 tons per day would not be able to be exported.

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Rotterdam Port’s City Terminal to Have a New Distribution Centre

15.2.2019
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Port of Rotterdam Authority and Neele-Vat Logistics signed a contract for the development of a distribution centre on the last vacant lot at the City Terminal site near Eemhaven (Heijplaat-Rotterdam). The construction will start next year, and Neele-Vat Logistics will initiate the distribution activities in the course of 2021. Neele-Vat Logistics intends to build a hall with around 10,000 m² of storage capacity, 60 dock doors and an annual throughput of some 50,000 containers.

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Colombia: Banana Exports Increased in 2018

15.2.2019
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The banana sector in Colombia ended 2018 with a production figure of 100,491,531 boxes of bananas, equivalent to US $ 859,217,084, increasing the number of boxes exported by 2,472,738 compared to 2017. Producers and marketers affiliated to Augura represented 78 % of the total volume and exported value". 2018 was complex for Colombian agricultural exports however; the banana sector grew by 2.52% compared to 2017. It was a year that was influenced by weather factors such as the El Niño Phenomenon and a high presence of wind in the producing areas, that decreased fruit production in some months of the year," said the president of Augura, Juan Camilo Restrepo Gómez.

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Yilport reports 5% year-on-year Increase in Container Throughput for the Full Year of 2018

15.2.2019
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Yilport Holding, port management and logistics subsidiary of Yildirim Group, worldwide terminals handled 6.41 million TEU containers in 2018, reporting 5% year-on-year volume growth compared to 2017, the company said in its release. The company closed in on its target to rank among top 10 international container terminal operators by 2025 as it is listed in the 12th place according to 2018 Drewry’s Global Container Terminal Operators Annual Review and Forecast Report. The company also reached another high after winning Port Operator of the Year Award by Lloyd’s List in December 2018. Yilport Holding reported a 5% year-on-year increase in container throughput for the full year of 2018, led by its 10 container terminals in Turkey, Scandinavia, Iberia, and Latin America.

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Panama: Banapiña to Export 15,000 Boxes of Bananas per Week to the US in 2019

15.2.2019
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On February 11th Banapiña, a subsidiary of the Del Monte multinational began exporting bananas produced in the province of Chiriqui to the West Coast market of the United States. This is the first result of the reactivation of the district of Barú, after the area fell into a deep economic slowdown after the collapse of the Cooperativa de Servicios Múltiples of Puerto Armuelles, R.L. (Coosemupar), in 2010. The vessel left from the port of Caldera on the Pacific Ocean side of Costa Rica where Banapiña manages other production lines.

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Canary Islands: Bananas Production Increase Foresee for 2019

15.2.2019
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Asprocan anticipates that the trend towards a more tropical climate will continue throughout 2019, which would result in an increase in production and, therefore, the need to seek new international markets to sell the surplus. To this end and apart from small quantities that were sold last year in Switzerland and Germany, the association will continue to strengthen the Moroccan market, which lacks production at certain times of the year. "The objective in these markets is that they can absorb the volumes that the domestic market cannot receive and which cannot be commercialized in European markets"

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New Integrated Service Sets a Higher Standard Behind the Quality of Chiquita Bananas

15.2.2019
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Chiquita Brands International, the world’s leading banana company, has implemented a new, dedicated and integrated container service that sets an even higher standard to safeguard the premium quality of Chiquita bananas across the world. The new logistic service will now operate five full-container vessels to transport bananas from Central America to Europe’s Vlissingen port in The Netherlands – a modern hub that will allow Chiquita to serve all Northern European destinations with the best transit time in the industry. The investment in this new service will result in fresher bananas and a longer shelf life, thanks to new ultra-efficient containers that positively impact fruit quality by using software that automatically regulates the containers’ compressor thereby controlling the atmosphere.

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Weak El Niño Conditions Are Present

15.2.2019
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El Niño conditions formed during January 2019, based on the presence of above-average sea surface temperatures (SSTs) across most of the equatorial Pacific Ocean (Fig. 1) and corresponding changes in the overlying atmospheric circulation. The weekly Niño indices remained above average during the month, although decreasing in the Niño-3 and Niño-3.4 regions. However, the Niño-4 region remained elevated, with a value of +0.8°C in early February. Positive subsurface temperature anomalies (averaged across 180°-100°W) increased in the last couple weeks in association with a downwelling Kelvin wave that contributed to above-average temperatures in the central Pacific. Compared to last month, the region of enhanced equatorial convection expanded near the Date Line, while anomalies remained weak over Indonesia.

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Hamburg Sud Launches Satellite Monitoring Tech

8.2.2019
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Hamburg Sud, a subsidiary of Maersk, has said it intends to use the Remote Container Management (RCM) to ensure 24/7 visibility of its refrigerated (reefer) container fleet and cargo. The carrier said in a statement that details of its RCM plans will be unveiled at the Fruit Logistica trade fair in Berlin, the world’s most important trade fair for fresh produce. An RCM uses satellite and mobile radio technology to monitor a container’s temperature profile, relative humidity and concentrations of oxygen and CO2 in real time. Furthermore, settings can be adjusted remotely. Unlike past monitoring systems, customers will be able to use an online platform or app on their phone or tablet to monitor the conditions of their cargo at any time. In addition, they will also receive a notification when individually defined parameters or limit values are reached. Hamburg Sud currently has 370,000 reefer containers, the largest of any carrier in the shipping industry, all of which have been retrofitted with RCM capability.

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New Banana War in Germany

8.2.2019
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Lidl claims the pioneering role in fair and sustainable goods, but competition presented numbers that prove the opposite. Two chains, Lidl and Edeka claim as being the first to introduce sustainable bananas for the mass market in German. It is about the image, but also about money, because fair products are in trend among Germans. Lidl had announced last autumn to switch to full-on fair-trade bananas. "After the change, we are the first grocer in Germany to offer only Fairtrade bananas," the company promotes - emphasis on "exclusively". At the Green Week in Berlin Lidl then put down a large advertising presence. Germany boss Matthias Oppitz invited the competition from the stage of the event ostensibly to pull along: "It was not our idea to be alone" Instead we would want to "persuade others to come along", said Oppitz.

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IoT Is Changing Reefer Technology Quickly

8.3.2019
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Virtual mariner "Captain Peter" is the latest addition to the Maersk reefer fleet, with the new addition to the remote container management (RCM) system, first launched in September 2017, still undergoing tests with selected customers. Captain Peter will offer support to customers with cargo in reefer boxes giving departure and arrival information as well as temperature and atmospheric conditions inside the container. Captain Peter will be added to the improved system this year. Anne-Sophie Zerlang Karlsen, Head of Global Reefer Management at Maersk, told FreightWaves "In the first half of 2019, Maersk will release the new platform with a revamped design and new product features which will be enhanced by a virtual assistant named Captain Peter."

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Algeria Lifts Import Ban on Several Products

1.2.2019
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The Temporary Additional Safeguarding Arrangement (DAPS) entered into force and the ban on several imported products was lifted, informed the Ministry of Commerce on January 28. "The goods and products that have been subject to the provisional import suspension during the year 2018, are now free to be imported upon payment of an interim additional safeguard duty (DAPS)", according to the communique published via the official agency. The Ministry of Commerce recalls that the introduction of the DAPS as a tariff instrument, intervenes for reasons related to the safeguarding of the balance of payments, the encouragement of national production and the development of infant industries.

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Hapag-Lloyd Redeems Bond Early

1.2.2019
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German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent. According to a press release from the transportation company, the senior note was issued in February 2017 with an aggregate principal amount of EUR 450 million. The annual coupon is 6.75 percent. "This partial redemption will be done from cash proceeds, predominantly resulting from a settled long-term receivable of United Arab Shipping Company Limited in an amount of USD 152 million (around EUR 133 million as of today). This receivable arose in the course of the business combination with Hapag-Lloyd from the sale of an investment in an associate," it said in the release.

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Bolivia: Banana Growers Have Not Exported for Two Weeks Due to Floods

1.2.2019
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The floods have damaged banana exports causing damage amounting to 10 million bolivianos, meanwhile shipments to Argentina has been suspended for two weeks. The neighbouring country is still requesting the fruit, but it does not meet the quality standards to be exported and therefore it must be sold in the domestic market. Jazmani Medrano of the Agricultural Chamber of Cochabamba (CAC) explained that Argentina is demanding the product but for the moment it is not possible to comply with their request. The outlook aggravates the situation of the banana growers that already reduced exports of the fruit in 2018 due to inflation in the neighbouring country which affected sales.

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Conventional Reefer Vessels Lose Further Market Share

1.2.2019
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Total seaborne transport of fresh produce grew by five percent to 116 million tons in 2017, and containerized reefer traffic grew by eight percent. In contrast, conventional reefer vessels which have a traditional cargo operation with top opening hatches, have lost ground. Down from some 55 percent in 2000, the share of conventional carriers in the transport of refrigerated perishables has now dropped to just over 18 percent, according to Dynamar's 2018 REEFER Analysis - Market Structure, Conventional, Containers.

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Europlátano exported more than a thousand tons of bananas to Europe in 2018

1.2.2019
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Europlátano has exported more than one thousand tons of bananas from the Canary Islands beyond the Spanish borders during the year 2018 the agricultural company has reported. The report notes that they embarked on “this adventure” more than two years ago. "This thousand tons represents an increase of 46% on our record with respect to the previous year, our company has made an important effort to bring the taste of the Canary Islands to European consumers", the company highlighted.

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Dole Food fulfils EC condition for Total Produce Stake Acquisition

1.2.2019
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Dole Food has completed the sale of two Saba Fresh Cuts businesses, fulfilling a condition put in place by the European Commission (EC) in order for Irish fresh fruit and veg producer Total Produce's to acquire a 45% stake in the US company. Total Produce stated that Dole Food has sold the Saba Fresh Cuts salad businesses in Sweden and Finland to Bama International, a subsidiary of Norway's fruit and veg distributor Bama Gruppen. The two facilities are involved in the production of washed and ready-to-eat salads. Bama International has its headquarters in Oslo, Norway.

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Ecuador: Price of Banana Box For 2019 Set At $6.30

31.10.2018
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The Ministry of Agriculture and Livestock (MAG), through the Ministerial Agreement 135 of October 26, set the precio referencial or minimum price to be paid to growers for a box of bananas -only the fruit- of a 41.5 to 43-pound box of bananas at $6.30 for 2019. This year the box stood at $ 6.20. The agreement, signed by Minister Xavier Lazo, also establishes the minimum support prices for the other types of banana, as well as export values in port (FOB).

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Why European Container Lines Are Winning the Reefer Market Share Battle

14.9.2018
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Asian container lines will have to adjust their management structures if they want to keep up with their European peers in the field of box reefer shipping. According to new analysis from Drewry Maritime Research, Asian lines have fallen behind the three leading European operators, Maersk, MSC and CMA CGM, in one of the few areas of unitised shipping that has shown continuous growth in recent years. “Asian shipping lines will need to make something of a mentality shift if they want to take full advantage of a segment of the container shipping market that is far outpacing dry cargo,” it said.

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