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Carriers Scramble to Charter Larger Containerships at ‘Whatever it Takes’ Prices Scramble to Charter Larger Containerships at ‘Whatever it Takes’ Prices

4.9.2020
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Ocean carriers are scrambling to charter larger containerships to take advantage of skyrocketing freight rates caused by a spike in demand across major tradelanes. Handy 7,500-11,000 teu ships have been virtually ‘sold out’ since July and any tonnage that does become available is being snapped up quickly by energetic in-house carrier brokers. “The top carriers are adopting a ‘whatever it takes’ attitude to chartering at the moment, and they really don’t seem to care what they pay as long as they fix the ship,” one London broker source said. “And where they can’t get a VLCS (7,500-11,000 teu), they are even prepared to fix two panamaxes (4,000-5,100 teu) to run in tandem,” he said.

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Port of Cape Town on track to reduce shipping backlogs due to Covid-19

7.8.2020
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Sustained improvements in the running of the Port of Cape Town mean that main shipping lines could possibly reinstall calls to Cape Town by the second week of August, Finance and Economic Opportunities MEC David Maynier has said. “Through ongoing engagements between ourselves and the Transnet Port Terminals (TPT) management, we have in recent weeks seen some welcome developments since Velile Dube was appointed as the new CEO of TPT,” said Maynier. “If this performance is sustained during next week and beyond, it would mean that the main shipping lines could possibly reinstall calls to Cape Town by the second week of August.

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Dole Unveils Integrated Strategy Against TR4

7.8.2020
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Dole shared the company's most recent update on its efforts to combat Fusarium Tropical Race 4 (TR4), which poses an existential threat to bananas. Since the discovery of TR4 in northern Colombia one year ago, Dole swiftly ramped-up its TR4 response plan, implementing site-specific TR4 prevention activities throughout Latin America in coordination with local authorities and international experts to contain and prevent spread. A three-year containment program was immediately implemented in 2019 to ensure biosecurity protocols in every Dole banana farm, as well as those of Dole's independent suppliers.

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Guatemalan Banana Industry on Strong Rise

7.8.2020
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Banana farms of the Hame group in Guatemala are among the most productive not only in the Central American country but also internationally, some produce up to 98 tons per hectare per year, as explained by Hugo Molina Botrán, director of the group. “For years, most growers followed the traditional path of meeting market requirements through certifications such as Global-GAP and Rainforest Alliance, however, over time, we have realized that the efforts of sustainability were not only the right thing to do but also the smart thing to do,” said the group leader.

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Port of Wilmington Yard Expansion Accommodates Refrigerated Container Growth

7.8.2020
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North Carolina State Ports Authority (NC Ports) made history with the arrival of one of the world’s largest container ships — and the Port is ready to receive up to 1,200 refrigerated containers a similar ship can carry. The MV Hyundai Hope sailed into the port on May 20, marking the port’s first visit by an ultra-large container vessel (ULCV). The ship is 1,200 feet in length and has a carrying capacity of nearly 14,000 TEUs. This milestone highlights the port’s commitment to improving the infrastructure necessary to support the larger container vessels calling on East Coast ports.

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Setrade Adds a Call at Dover

7.8.2020
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Antwerp based Seatrade is now calling twice a week at Dover cargo terminal having added the Zodiac service from the Caribbean in addition to the same operator’s Rayo Reefer Service from Ecuador and Peru. The Swedish Stream made the first call on the service which, after calling in France, returns to Columbia, Costa Rica, Guatemala, and Honduras. The Rayo Reefer Service connects Puerto Bolivar, Guayaquil and Paita with Dover and France. General Manager at Port of Dover Cargo Nik Scott-Gray, said: “We are delighted to be welcoming Seatrade back to Dover for many regular calls now and into the future.

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Chinese Ports Deny Rejecting Reefer Containers

24.7.2020
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Major ports in China have seen slower customs clearing for frozen food due to strict anti-virus and testing measures, on the back of a cluster of coronavirus cases linked to a wholesale food market in Beijing, and positive testing results of some imported frozen meat and seafood. But no Chinese port has rejected any container ship, or asked vessels to divert to other destinations, and the backlog is gradually reducing as the outbreak eases and the capacity at refrigerated container depots has expanded.

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Orsero will be Present in 200 Autogrill Stores in Italy

24.7.2020
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The Orsero Group, leader in Mediterranean Europe for the import and distribution of fresh fruit and vegetables, will be present in 200 Autogrill stores in the italian highways network with the F.lli Orsero brand products of the range of cut fruit ready to consumption and the new "Drinking Fruit" line. Specifically, it will be possible to purchase F.lli Orsero products at the points of sale of the motorway network and in some hub points of the big cities, such as Milan, Rome and Florence.

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What does the future hold for reefer shipping and the cold chain?

24.7.2020
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Despite the impact of COVID-19 on the supply chain, the transportation of perishable goods is set to grow in 2020 as plant-based diets become popular, demand for high vitamin products increases and the Chinese meat market picks up. Considering this, refrigerated (reefer) shipping could become one of the most important drivers of supply chain and maritime growth in the coming years. Consequently, carriers see reefer containers as vital tools in their end-to-end offering.

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DP World will have its first logistics center in Ecuador

24.7.2020
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In September 2020, DP World will open its first Logistics Center in Ecuador. The facility will be in Durán and will offer services to the entire foreign trade chain of DP World Posorja terminal and to other ports of Guayaquil. The Logistics Center is about 90% completed and stands in the industrial area of the Durán canton. Its facilities will be spacious, modern and safe; there will be spaces intended for the empty containers; cross-docking area for cargo consolidation for bananas, cocoa and coffee; and stowage and palletizing services.

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Bolivia: Banana exports to Argentina are normalized

24.7.2020
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The president of the Community Organization of Banana Producers of Trópico de Cochabamba (Oncobatrop) in Bolivia, Agustín Conde, said that the rigid measures decreed by the Argentine government to contain the spread of Covid-19 plummeted sales of Bolivian bananas to the neighboring country and reduced the dispatch of cargo from 60 to 30 trucks per week. “The de-escalation of restrictions is allowing us to regain dynamism in terms of sales. Now the average number of trucks leaving per week is over 60 units.

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Renewed Optimism for Specialized Reefer Vessels

10.7.2020
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At the end of 2019, it appeared as though a storm was brewing for the conventional reefer market; little did the market know that a storm was brewing for the entire shipping industry. While rumours and a limited amount of news stories were circulating in China in regards to the Sars-Cov 2 virus, few foretold or foresaw the scale of the challenges it would pose. Container liners have seen a historic drop in container volumes, plummeting charter rates for boxships and a historic amount of blanked sailings. In the fourth quarter of 2019, many were pessimistic about the fortunes of the conventional reefer segment, citing the spectre of high fuel costs on the back of the IMO 2020 regulations and the continued containerisation of important commodities. Fast forward to the middle of 2020 and the situation looks quite different.

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Reybanpac Assigned the Highest Credit Rating by the Agency BankWatch Ratings of Ecuador

10.7.2020
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The rating agency, BankWatch Ratings of Ecuador, assigned AAA rating to Reybanpac's Second Commercial Paper Issuance Program because of its analysis. In its report, BankWatch Ratings establishes that Reybanpac is a mature company with extensive knowledge and participation in its market, and with a strong competitive position. The diversification of its market and the relationship it maintains with its main customers and suppliers stand out. “As of April-2020, the revenue growth in the banana business line is a clear indicator that the company has not been affected by macroeconomic conditions by participating within a priority sector and that its position in international markets and customer diversification allows it to generate sustainable income over time.”

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Bolivia: Banana Exports Drop 50%

10.7.2020
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The export of bananas from Bolivia was reduced by 50 percent due to the low demand in the Argentine market, which is the potential buyer of the product, informed the legal adviser of the Cochabamba Agricultural Chamber (CAC), Rolando Morales. "Banana exports have dropped by at least 50 percent because Argentina, which is the potential buyer, has fallen in demand. They have also been affected by the pandemic, and most people are in lockdown and not working. On top of that, they are receiving offers from countries like Colombia and Ecuador that are offering bananas at a lower price,” he assured.

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Banana Shortage Shows Need for Local Produce

11.7.2020
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More food must be grown on the island to combat problems with international supply chains, the home affairs minister said. Walter Roban’s warning came after it was confirmed that a shipment of bananas was destroyed in April because it was riddled with mealybug pests. He said: “Given the ongoing challenges to global supply chains, Bermuda must increase its local food production as much as possible. “Mealybugs present a significant risk to many of the crops grown on island at a time we need to produce as much as possible.”

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Canary Islands: 141 Million Euros to the Banana Local Banana Growers

3.7.2020
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The Ministry of Agriculture, Livestock, and Fisheries of the Government of the Canary Islands have completed the payment of 141 million corresponding to banana producers with Protected Geographical Indication (PGI). In a statement, the Ministry has reported that it has made the last outstanding payment, of 71 million euros, assigned to banana producers with PGI certification, according to the Community Program for Support for Canary Islands Agricultural Productions (POSEI). This grant is financed by the European Agricultural Guarantee Fund (EAGF) and corresponds to the year 2019.

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Maersk’s Upgraded Reefer Technology to Help ZIM Reach New Markets

3.7.2020
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A.P. Moeller-Maersk (Maersk) has said its subsidiary Maersk Container Industry (MCI) will expand ZIM Integrated Shipping Service’s (ZIM) refrigerated container (reefer) fleet. In a statement, MCI said it will supply ZIM with 500 Star Cool Control Atmosphere-enabled reefers, which it said will support the carrier’s ambition of expanding into new markets. This is the fourth consecutive order from ZIM for MCI’s reefers and the parties say it showcases their “ongoing collaboration and partnership”.

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Honduras: Government Announces Meeting with Chiquita Executives

3.7.2020
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The presidential representative and head of the Secretariat for Economic Development (SDE), María Antonia Rivera, announced that they would seek a meeting with Chiquita Brands executives to talk about their logistics operations in Honduras after the company closed them in Puerto Cortés on June 30, moving it to the private Cobigua pier in Puerto Barrios, Guatemala. Chiquita was estimated to handle about 28,000 containers of goods and fruit per year. However, because of discrepancies in tariffs and charges, high energy costs, and ground freight fares, they would have decided to leave Puerto Cortés.

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Emergency in Costa Rica to Prevent Entry of TR4 Plague

3.7.2020
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The government of Costa Rica recently decreed a state of phytosanitary emergency to prevent the entry of the plague known as Fusarium Tropical Wilt Race 4 (FocR4T) that threatens production and jobs in the banana sector. The Decree reflects the government's effort and commitment to protect the agri-food sector and the thousands of people who work in this activity, said the President, Carlos Alvarado, at the signing of the ordinance, together with the Minister of Agriculture and Livestock (MAG), Renato Alvarado.

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Colombia: Banasan Fourth Banana Exporter in Colombia

26.6.2020
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Generating around 30 thousand jobs between direct and indirect and positioned in the fourth place of exports in Colombia, despite being one of the youngest companies in the country to reach the market, today the Comercializadora Internacional Bananeros Unidos de Santa Marta, CI Banasan S.A.S. has become one of the essential alternatives in shipping bananas from Colombia to Europe and South Korea. The company has established itself as the second in Magdalena and the fourth in Colombia among volume exporters.

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Honduras: Chiquita to Stop Exporting from Puerto Cortés

26.6.2020
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Chiquita Brands closes shipping operations in Puerto Cortés and moves to Guatemala. According to the information released, the company announced that it would work at the port until June 30. Then its export operations will move to Puerto Barrios, in Izabal, in the neighboring country. The reason is not derived from the pandemic, since, before the virus entered, Chiquita had already started moving its shipments of Honduran bananas. The company did it through the Corinthian border, Cortés. Unfortunately, the people who worked for Chiquita in Honduras will be left without a job. It was informed that the dismissal process began in February.

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Exceptional Growth in Reefer Segment for the Port of Antwerp

26.6.2020
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Despite the difficult conditions following COVID-19, the Port of Antwerp achieved very strong growth in the volume of reefer containers for perishables during the first quarter. The exceptional volumes are the result of the port's growing role in the reefer market and increased demand for healthy food and pharmaceutical products during this period. Growth of 23% A total of 252,452 TEUs of reefer containers were processed, an increase of +23% compared to the first quarter of 2019 (205,157 TEUs).

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Mexico: Banana Plantations Proliferate in the Carrizal Area

19.6.2020
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After having regained the importance it had decades ago, the local banana sector has consolidated itself as one of the primary activities, which, far from being affected by this health contingency, continue to open doors in international markets. In addition to having maintained weekly exports of 150 containers to China since last March, ties with other markets continue to be strengthened, without forgetting the domestic market, in addition to the fact that more and more people are establishing plantations for self-consumption.

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Kalmar to Supply DR Depots with Lifting Equipment

19.6.2020
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Kalmar, part of Cargotec, has concluded an order to supply DR Depots with nine empty container handlers and one Kalmar Gloria reachstacker. The order, which was concluded through Kalmar’s local dealer Feyter Forklift Services, was booked in Cargotec’s Q2 2020 order intake, with all units scheduled for delivery in Q4 2020 - June 15, 2020 DR Depots, a subsidiary of the DR group of companies, is one of Rotterdam’s leading operators in the field of empty container storage, repair and added-value services for both dry and reefer equipment.

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Dole Achieve Certification for High Performance in Water Management and Catchment

19.6.2020
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Dole announced recently that 11 banana farms in Colombia and two in Ecuador have achieved certification to the Alliance for Water Stewardship (AWS) International Water Stewardship Standard for taking water management to a higher level in Dole’s own farming and suppliers’ growing and sourcing operations. The standard is intended to drive social, environmental and economic benefits at landscape level which encompasses all users of a particular water catchment, allowing them to better understand how their water use impacts others, and to work collaboratively and transparently for sustainable water management.

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Biotech Firm Invests $28.5m to Find Bananas Resistant to TR4

12.6.2020
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Tropic Biosciences, based at the Norwich Research Park, has raised $28.5m of investment to push forward its work to save the world's banana plants from a devastating disease. Picture: Tropic Biosciences Tropic Biosciences, based at the Norwich Research Park, uses cutting-edge plant breeding and gene editing technologies to improve commercial varieties of banana and coffee plants. Since 2018 the company has been leading the international drive to create a new type of banana which is resistant to Panama Disease (also known as TR4), which experts describe as an “existential threat to the banana industry”.

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Canary Islands: The Banana Sector in Search of Alternatives to Anticipate the Crisis as Much as Possible

12.6.2020
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The Covid-19 outbreak in Spain has generated a dichotomy among producers of Plátano de Canarias. On the one hand, it has highlighted the strategic importance of the primary sector in the islands, but on the other it has placed them in a difficult situation due to the closing of markets. For this reason, the Organizations of Producers of Plátano de Canarias, together with Asprocan, have joined forces to find alternatives anticipating the crisis and guaranteeing the viability of exports. The decrease in the volume of bananas marketed in the archipelago during the state of alarm has been 700 tonnes relative to the average of the last decade, a setback to which is added the high production of 2020 which has already reached 38,000 tonnes.

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Covid-19 Spreads Across Agricultural Plantations in Northern Costa Rica

12.6.2020
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The second pandemic wave has hit farm workers in the northern zone, accustomed to constantly moving in search of work through border towns. The actions of various state institutions are concentrated in that area of the national territory, where the orange alert which seeks to contain the advance of covid-19 among those populations (considered among the most vulnerable to the new coronavirus) was expanded on June 7th. Dr. Guiselle Guzmán Saborío, head of the Collective Health Area, of the Costa Rican Social Security Fund (CCSS), has been coordinating field work in the northern area since last week.

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Ecuador Requires Another US$ 4,000m for its Reactivation after Covid-19

12.6.2020
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After 77 days of an almost complete stoppage caused by COVID-19, more than 150,000 people have been made unemployed and another four million informal workers are without any kind of sustenance, according to the Minister of Productivity and Commerce, Iván Ontaneda, because of this the Andean country requires another US$ 4,000 million to reactivate its economy which is aimed at the productive and economic reactivation of the country, Ontaneda said in an interview. So far, and with international aid, US$ 1.15 billion has been injected into an assistance fund for small and medium-sized companies that according to the minister "is not enough to cover all of the country’s needs."

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Macfrut Digital - The Fruit & Vegetable World on your PC

12.5.2020
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Cesena - Macfrut 2020 goes Digital. From 8 to 10 September 2020, Italy’s international showcase for the fruit and vegetable sector will offer business opportunities through a digital platform (Natlive) that will bring together buyers from all over the world, opening up new international markets for the sector. This innovative project makes Macfrut the first digital trade fair for the fruit and vegetable industry.

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Australia: Turning Banana Waste into Food Packaging

29.5.2020
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International Day of Biodiversity — the UNSW Sydney celebrated some of its recent research that is inspiring positive change in how we tackle global problems, whether it be managing climate change, bushfires, or plastic waste. One of the research projects celebrated on the day was an ‘a-peeling’ packaging solution made from banana plants, which could be suitable for the food industry. Associate Professor Jayashree Arcot and Professor Martina Stenzel were searching for ways to convert agricultural waste into something that could value-add to the industry it came from, while potentially solving problems for another.

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Philippines Poised to be Second-Largest Banana Exporter in Next 9 Years

29.5.2020
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Hillside banana farmers keep a sustainable supply of the upland crop delivered to local markets in neighboring provinces up north. The rest go to Metro Manila. The Philippines is poised to cement its position as the world’s second-largest exporter of bananas in the next nine years on the back of better supply management and high demand from key Asian markets, a United Nations’s agency said. The projection was disclosed by the UN Food and Agriculture Organization (FAO) in its recent global banana market review report.

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Ecuador: Banana Exports During The Coronavirus

29.5.2020
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The interannual exports grew by 9.51% compared to 2019. The sector increased its production due to the investments made; several countries reduced their purchases. Thanks to the increase in investments made by the banana sector during 2019, production and exports increased in 2020. The sector planted around 4,000 new hectares and replanted 4,000 more that began to produce in 2020. The result was reflected in the first quarter. When comparing with 2019 there was an increase of 9.51%, that is, 104.3 million boxes were exported versus 95.2 million boxes exported last year.

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Dole and Boragen Team up to Fight Black Sigatoka

29.5.2020
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Dole Fresh Fruit Co. has teamed up with boron-based discovery platform startup Boragen to develop a treatment to protect bananas against Black Sigatoka, one of the most prevalent and damaging diseases plaguing bananas. “As pressure to reduce chemical load increases, and the number available crop protection products reduces, the need for alternatives to control this disease is more important than ever,” Patricio Gutiérrez, research and innovation director for Dole Fresh Fruit, said in a statement about the partnership.

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Ports of Ecuador Maintain Normal Operations During Covid-19

15.5.2020
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The Guayaquil Port Authority (APG) reported that the ports under its administrative supervision; that is, that of the Liberator Simón Bolívar and Posorja continue to provide prompt and timely service at all levels. According to the APG, concessionaires Contecon and Andipuerto and delegate DP World Posorja have implemented various measures for the health of workers and officials who have direct contact with carriers and port operators. Actions include hand disinfection, temperature control and fumigation of the different areas owned by the companies, with the aim of preventing the spread of the coronavirus in the port.

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Peru Increases Exports of Organic Bananas to Europe

15.5.2020
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With the execution of the innovation project on agronomic management promoted by the Ministry of Agriculture and Irrigation (Minagri), farmers from the Association of Productores de Oro Verde del Chira, Piura region, improved the export levels of organic bananas with genetic quality, placing more than 1,400 tons in the markets of the Netherlands and Germany. The innovation project, which received financing of more than 230 thousand soles through the National Institute of Agrarian Innovation (INIA), also allowed the commercialization of this crop to increase to more than 2430 tons in the national market.

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Hapag-Lloyd gets 2020 off to a Decent Start Despite Coronavirus Pandemic, but Uncertainties Remain for the Year

15.5.2020
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For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of USD 176 million (EUR 160 million), which is below the corresponding prior-year figure of USD 243 million (EUR 214 million). The Group net result declined to approximately USD 27 million (EUR 25 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased slightly to USD 517 million (EUR 469 million).

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Ecuador Stopped Exporting 5 Million Boxes of Bananas in the First Quarter

15.5.2020
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The cluster that groups Acorbanec, Aebe, Agroban and the Chamber of Agriculture of the Second Zone informed that from January to March the banana sector lost $ 50 million when it stopped selling 5 million boxes of the fruit, not including the April figures. Juan José Pons, coordinator of the union, explains the situation of this productive segment in times of the COVID-19. What is the current situation of banana production and exports with the affectation of the coronavirus pandemic?

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Banana Exports from the Philippines May Drop 40% Amid Coronavirus

17.4.2020
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Banana exports from the Philippines may drop 40% from 4 million tons to 2.5 million tons this year because of pandemic lockdowns and social distancing measures that have curbed cultivation and transport, As the second largest exporter of bananas, the Philippines accounted for 20% of global banana production and 90% of total exports to Asia, according to a report from the Food and Agriculture Organization of the United Nations. Ecuador is the biggest banana exporter. To avoid shortages and price hikes, Philippines Agriculture Secretary William Dar urged local governments to allow employees from agriculture and food processing facilities to return to work. If the lockdown is eased, it could result in boosting banana exports to 3 million tons this year.

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MSC Unveils New Flexible Cargo Service to Meet Demand from Asia

17.4.2020
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MSC Mediterranean Shipping Company’s new “Suspension of Transit” (SOT) programme is a flexible cargo service that will help to fulfil the imminent resumption of demand from Asia and ensure service continuity. It includes container yard storage in six transshipment hubs across Asia, the Middle East, Europe and the Americas, ensuring that goods can be shipped close to their destinations as soon as possible and providing easier cargo flow for customers. MSC notes that China has shown signs of recovery with factories restarting production. The new SOT programme will help avoid high storage costs at ports of discharge.

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Maersk Container Industry Signs First Star Cool Milestone Contract with Evergreen

17.4.2020
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Following a comprehensive series of trials that lasted for most of 2019, leading Taiwanese international shipping company, Evergreen Marine Corp. Evergreen has selected Star Cool as the approved reefer machine for their growing reefer operations. Evergreen’s initial order is for 1,800 Star Cool reefers from Maersk Container Industry (MCI), scheduled for delivery during the 2nd quarter of 2020, the company said in its release. Prior to placing the order, Evergreen spent most of 2019 running live trials across their global network involving all relevant reefer machines, including Star Cool.

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Australia: Panama TR4 Program Develops to Help Manage Soil-Borne Disease

17.4.2020
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The State of Queensland issued text of the following ministerial statement: A new management board to oversee the Panama TR4 Program in Queensland until 2023 has met for the first time, heralding the start of a unique government-industry partnership to help protect the future of Australia's $600 million banana industry. Queensland Agriculture Minister Mark Furner said the Panama TR4 Program Management Board (the Board) would oversee the continued delivery and governance of the Panama TR4 Program, which was developed to help manage the soil-borne disease after it was first detected in the Tully Valley in 2015.

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Covid-19: African Banana Producers Ensure Continuous Supply

27.3.2020
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In the context of the health crisis linked to the Covid-19 pandemic, African banana companies have mobilized and are rigorously implementing all the health directives issued by the governments of producing countries. For the sector, the priority is to ensure a continuous supply of quality bananas to distribution centers and to guarantee the health safety of workers. To date, despite strengthened control measures, no case of the disease has been identified. In the banana plantations and the various African port sites, the technical teams of the sector ensure scrupulous compliance with the hygiene instructions by their employees and have made available hydro-alcoholic gel in the necessary quantity.

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Asprocan Detects a "Paralysis" of Fruit Sales Through Traditional Channels

27.3.2020
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The Canary Islands Banana Producers Organization, Asprocan warned on March 20 that the loss of traditional channels in the Peninsula is causing a paralysis in the sale of fruit and vegetables, in one day 50% of the Canary Islands banana was sold and next day sales totally stopped. Asprocan affirms in a statement that the current situation of the fruit market in Spain is of great confusion due to the health crisis in the country and currently the uncertainty and inactivity is seriously affecting more traditional sale channels.

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Colombia: Banana Production Guaranteed During Health Emergency

27.3.2020
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Banana growers from the departments of Magdalena and La Guajira strengthen the production of the fruit in 15 thousand hectares of planting, to maintain national supply during the coronavirus health emergency. Likewise, the banana businessmen of the region have donated more than 50 tons of the fruit to the food banks destined to mitigate the negative impacts of the emergency. “This situation we are going through invites us to work as a team and be more supportive, in addition, to show the fundamental role that agricultural industries have in the country.

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Organic Banana Market 2020-2024 | Health Benefits of Organic Banana to Boost Growth | Technavio

12.3.2020
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Technavio has announced its latest research report titled Global Organic Banana Market 2020-2024. LONDON--Technavio has been monitoring the organic banana market and it is poised to grow by USD 277.2 mn during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The health benefits of organic banana will offer immense growth opportunities, will challenge the growth of the market participants.

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Ecuadorian Bananas Enjoy the Same Tariffs as Colombia and Costa Rica

3.1.2020
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From 2020 Ecuador will compete on equal terms with Colombia, Peru and Costa Rica, in the export of bananas to the European Union (EU). With the Commercial Agreement with that block, which has been in force since 2017, the tariff has been decreasing over the years. Thus, in 2017 it was 97 Euros per metric ton; in 2018, 90; in 2019, 83; and in this year, 75 Euros. According to Eduardo Ledesma, banana exporter the reduction will benefit the sector, since historically it has paid more than the fruit from other countries. Xavier Rosero, technical manager of the Ecuadorian Federation of Exporters (Fedexpor), said that this is the first year in which Ecuadorian bananas haven’t had to pay a higher tariff.

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Fruit Expo & World Fruit Industry Conference 2020 China Import & Export Fair Complex / July 16th-18th, 2020

6.12.2019
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Preview of Fruit Expo 2020 Supported by China Fruit Marketing Association (CFMA), Guangzhou-located foreign embassies and consulates, it is expected that Fruit Expo 2020 is going to be staged on a show floor of 30,000 sq.m, hosting 500+ exhibitors and 30,000 visitors. Hosted in Guangzhou, one of the biggest fruit trade hubs in Southeast Asia, Fruit Expo 2020 will be able to put its hands on the best industry resources for its attendees to share! The concurrent World Fruit Industry Conference 2020 will gather C-suite leaders from brand enterprises at home and aboard to explore New Market Opportunities for worldwide fruits exporting to China, and quality Chinese fruits exporting to the World!

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Ecuador: Minimum Set the Price of the Banana Box at US$ 6.40 for 2020

15.11.2019
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The Ministry of Agriculture and Livestock (MAG) set the minimum support price for the banana box at US$ 6.40 for the 2020 season. That equates to 10 cents more than the official value that has been in force this year, which is of US$ 6.30. The MAG also suggested four reference prices according to the week, which can be applied depending on the time of the year or according to the seasons in the international market (high and low). Prices range from US$ 5.30 to US$ 7.50. But these can be applied as long as there is a private agreement signed between producers and exporters and that the minimum support price is respected as an annual average.

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