Customer Advisory / Closure of Operations in Russia

2022-05-04

Giving you the best ability to manage your supply chain is of the utmost importance to us, and as your integrated logistics partner, our aim is to ensure that you have the necessary information to better plan your logistical network. In line with this we would like to inform you about the latest developments in Russia. Earlier we have communicated A.P. Moller - Maersk would cease all our operations in Russia and Belarus. Maersk has now stopped all vessel operations in Russia and service with Belarus.

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Bolivia: Banana Exports to Argentina Fall 70%, and Its Price Plummets

2022-04-28

Bolivian banana producers in Cochabamba are in an emergency. According to press reports, the export of the fruit to Argentina fell by 70 per cent, and its price fell by more than 50 per cent due to the incursion of Ecuadorian fruit into the Argentinian market. In addition, there are restrictions from the Argentinian Government to prevent the departure of dollars from their country. In March, the Central Bank of Argentine (BCRA) established quite restrictive criteria for the release of dollars, according to the companies, but which guarantees, according to the official view, that imports are not used for over-storage.

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Colombia: First Stone Laying of the Port of Urabá

2022-04-28

On April 23, the first stone was laid to construct the maritime terminal in the Gulf of Urabá. Construction is estimated to be completed by 2025. The port has projected an investment plan of nearly US$400 million for the construction of a pier with five berthing positions and a double lane viaduct for the traffic of trucks between the platform and the port on land, which will allow the fluidity of up to eight tractor-trailers. The concession will last for 30 years, and the port terminal will be designed to serve container ships of up to 366 meters in length and 14,000 cargo containers, with a depth of 14.5 meters.

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Mærsk Trading Update for Q1 2022 and 2022 Full Year Guidance Adjustment

2022-04-28

A.P. Møller - Mærsk A/S (APMM) has realized a financial performance for the first quarter of 2022 ahead of previous expectations with a revenue of USD 19.3bn, an underlying EBITDA of USD 9.2bn and an underlying EBIT of USD 7.9bn. The strong result is driven by the continuation of the exceptional market situation within Ocean, which has led to a 7% decline in volumes and an average 71% increase in freight rates compared to Q1 2021.

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Canary Islands: ASPROCAN Fights to Recover After the Volcano Eruption

2022-04-08

Three months have passed since the Cumbre Vieja volcano went dormant, and now it's time to recover what was lost. That is why it is essential to remember La Palma and the more than 500 families that depend on the cultivation of bananas in the Canary Islands. An activity that depends on legal measures to recover the sector generates more than 10,000 jobs throughout the island. Without cultivation, there is no work, and the lava damaged some areas of fertile ground.

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Ecuador Calls Meeting of Latin American Banana Producers and European Buyers a Success

2022-04-08

The Government of Ecuador described as successful the meeting held in Berlin (Germany) between Latin American banana producers and European buyers, who insisted that they comply with the commitments of shared responsibility. Pedro Alava, Minister of Agriculture of Ecuador, the world's leading banana exporter, stated this last January called together the region's Ministers of Agriculture to demand respect for the price of the fruit.

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More Blank Sailings as Spot Rates Tumble and China's Lockdowns Take Their Toll

2022-04-08

There is a distinct feeling of déjà vu about the current lockdowns in China, with spot rates declining as carriers scramble for export cargo from shuttered manufacturing. But rates could spike again when the flood gates reopen for the delayed orders. "It's almost like a traffic jam," said Container xChange CEO and cofounder Christian Roeloffs. "Some people have now stepped on the brakes heavily, which will lead to a significant build-up in demand for freight services, which will be unleashed once the factories reopen.

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Dole Grows its Revenues for 2021 by 48.5%

2022-03-18

Dole has reported higher profits and earnings for 2021 after a transformational year for the company. Dole said its revenues for the year to the end of December jumped by 48.5% to $6.5 billion compared to 2020, while adjusted EBITDA increased by 15.3% to $290.1m Last July, Total Produce acquired the remaining 55% of Dole Food Company to create Dole plc. Following the deal, Dole said it had increased significantly in scale, and geographical footprint and Dole said its total assets increased by 147.5% to $4.7 billion.

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Maersk’s Performance Team Opening Houston Cold Chain Facility

2022-03-18

Performance Team, a Maersk company, announced Monday it is building a 283,000-square-foot cold storage logistics facility in Baytown, Texas, about 26 miles east of Houston. According to a brochure from the Performance Team, the facility will feature a 90-foot temperature-controlled loading dock, the largest in the logistics industry. “Cold chain demand in the U.S. Gulf continues strong and we see a strategic opportunity to expand capacity and introduce a more integrated supply chain to make it easier for exporters and importers,” Diogo Lobo, regional head of cold chain for Maersk North America, said in a statement.

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IAEA - IAEA Trains Latin American Scientists in Fighting TR4

2022-03-18

The International Atomic Energy Agency (IAEA) has trained scientists from six Latin American countries to use nuclear and related techniques to detect and contain TR4. The training included the development of genetic disease resistance in bananas. One of the most devastating banana diseases globally, the Fusarium TR4 wilt, spreads rapidly. In response to an urgent request from affected countries, Director General Rafael Mariano Grossi pledged that the IAEA would provide immediate assistance in combating the disease and preventing it from causing further damage, working together with the Food and Agriculture Organization of the United Nations (FAO).

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Russians begin Panic-Buying Frenzy as Costs Explode

2022-03-18

A financial crash looms in Russia as sanctions lead to soaring prices, sending people into panic-buying mode. The cost of products from medicine to electronic devices has shot up because of the West's response to Vladimir Putin's invasion of Ukraine. Goods whose prices were capped and are reportedly not anymore are driving Russians to stock up in fear they will get even more expensive as the war continues. Drastic changes in imported goods are anticipated. According to the state statistics service, the average price for new cars made by foreign manufacturers was 16 per cent higher last week than in February.

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Algeria Releases New Banana Import Licenses

2022-02-18

On February 16th, new licenses for importing bananas were issued and released to importers in Algeria. Since October of 2021, no licenses have been given, and only small volumes of bananas were imported by container using the remaining licenses of 2020. Volumes, however, have been much lower than those which entered the Maghreb country when more permits were released until October of 2021. Following the path of the previous year, in 2022, no banana import permits were released in the first three months of the year.

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Colombia Continues in the Attempt to Contain and Prevent TR4

2022-02-18

At first, Unified Command Post - PMU of 2022, held in Santa Marta, were presented the progress of actions and the fulfilment of commitments and the activities being carried out to contain the dispersion of TR4 in the department of Magdalena. The protocols are based on the experience obtained managing the Fusarium in La Guajira. The conditions of current conditions of the disease in the entire country were also analyzed. The meeting was chaired by the Deputy Minister of Agricultural Affairs, Juan Gonzalo Botero Botero.

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CMA CGM Launches SMART Reefer Container

2022-02-18

The container offers traceability on the position and status of shippers’ refrigerated goods to ensure they travel in optimal conditions. Supply chain management is facilitated through an intuitive online interface that is updated in real time. The containers are equipped with Emerson technology allowing shippers to: • Monitor the status and conditions of your container in real time. • Receive key data such as location, temperature and gas variations. • Set up notifications to detect possible anomalies and quickly implement corrective measures.

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Colombia: Banasan Exported Nearly 13 Million Boxes of Bananas in 2021

2022-02-18

The company's income with headquarters in Magdalena, which generates around 250 jobs, amounted to more than half a billion pesos. Comercializadora Internacional Banasan closed in 2021 with just over half a billion pesos in revenue, of which 80% correspond to exports, with about 13 million boxes of bananas. The remaining 20% of income corresponds to other services the company provides focused on solving the needs of the industry's value chain.

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