Laura Maersk deploys new Methanol Supply System

2024-02-23

System used by Maersk’s methanol dual-fuel container ship boosts safety and saves energy. Danish engineering company Eltronic FuelTech has launched its low-flashpoint fuel supply system (LFSS) for Laura Maersk. The company said it is the first in the industry to offer equipment for supplying fuel from tanks to engines on methanol-powered ships.

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A.P. Møller – Mærsk A/S Receives Average Recommendation of “Reduce”

2024-02-23

Shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY ) have been given an average recommendation of “Reduce” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company.

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Development of Robotic Arm to Automate Banana De-handing

2024-02-23

Australian scientists are spearheading a research initiative to develop a robotic arm aimed at automating the labor-intensive and repetitive aspects of banana processing. The A$2m research program, delivered through Hort Innovation, is a collaborative effort involving the Queensland University of Technology (QUT), Future Food Systems, the Advanced Robotics for Manufacturing (ARM) Hub, and BNL Industrial Solutions.

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Significant Increase in Georgia’s Banana Imports in 2023

2024-02-23

In 2023, Georgia experienced a significant increase in banana imports, with a 45% rise compared to the previous year. The country imported 40,148 tons of bananas, valued at USD 34.2 million, a substantial increase from the 37,233 tons worth USD 29.1 million in 2022. In January 2024, Georgia’s banana imports continued to grow, with the country purchasing 4,244 tons of bananas worth USD 3.5 million, 1.8 times more than the same period last year.

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UK: Morrisons’ Competitive Pricing Strategy

2024-02-23

Morrisons, the leading British retailer, has launched a new ‘Price Match’ campaign, promising its customers that it offers products at the same or even lower prices than discounters like Aldi and Lidl. This initiative is part of Morrisons’ commitment to provide quality products at competitive prices.

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Revamping its Ecuadorian Service: Cool Carriers’ Commitment to Excellence

2024-02-22

On February 21st, a significant event marked a new chapter in the history of Guayaquil, Ecuador. Cool Carriers, in partnership with Contecon Terminal, signed a contract for exclusive use of state-of-the-art cold store, symbolically laying the first stone in a ceremony that heralded a new era of Cool Carriers service from Ecuador. The cold store, aptly named the “Guayaquil Banana Gateway,” is set to be constructed at the prime location in front of quay #5, replacing the old dry facility.

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Honduras: Banana Exports Drop Due to Damage to Invaded Farms

2024-02-16

The invasions of the banana plantations of La Esperanza, La Paz and Guanacaste last November left extensive damage to banana plantations. It has led to the temporary closure of these farms, leading to the suspension of jobs for some 500 temporary workers and a 50% reduction in fruit exports. The banana company will stop exporting a thousand containers of bananas, and 25 million lempiras in salaries will not circulate during this time of suspension of production, which will be for several months.

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Market Overview Week 07/24

2024-02-16

The selling prices for bananas in St. Petersburg ranged from USD 21.35 to 22.40 per box CIF. These prices varied based on factors such as brand, quality, type of packing, and weight. However, there were operational delays and disruptions related to Customs and Sanitary formalities. These issues arose due to the ban imposed on five Ecuadorian companies following alleged findings of the humpback fly in their banana shipments. According to Russian authorities, the ban is expected to be lifted on Monday, February 19. However, in the meantime, there are still hundreds of containers that have recently arrived at the St. Petersburg port, and which are blocked due to the ban. During week 7, approximately 1.890 million boxes were discharged, and around 1.790 million boxes are anticipated for week 8. The exchange rate during this period was 1 USD = 91.83 RUB.

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Canary Islands announce that without EU funds their Plátano industry could end

2024-02-16

The Free Agrarian Platform of the Canary Islands (PALCA) has demanded "urgent measures" from both the Ministry of Agriculture of the Government of the Canary Islands and Asprocan, as it considers that "if the POSEI aid distribution system does not change and it is provided with transparency", the banana sector "has two years left". The secretary of PALCA in El Hierro, Pablo Carmona, has substantiated this omen by pointing out that it is not profitable for farmers to continue producing plátanos and even less so in La Palma where there are about 5,000 small producers

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Average Bananas Selling Prices in USA – Value in US$ per box

2024-02-16

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

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Saint Lucia seeks Buyers due to Excess Banana Production

2024-02-16

Saint Lucia is looking for new buyers for its excess banana production. Although producers use surplus bananas to feed pigs, the lack of a market for this surplus is a cause for concern. The Minister of Agriculture, Alfred Prospere, informed journalists that the industry has exceeded the 15,000 boxes sent abroad weekly. This complete recovery follows the impact of Hurricane Bret, which destroyed almost 75% of the plantations last June.

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Ecuadorian banana growers ask for a fair price for fruit in Berlin

2024-02-16

The Ecuadorian Banana Cluster, represented by AEBE and Acorbanec, together with the support and accompaniment of the Minister of Agriculture, Mr. Franklin Danilo Palacios, and H.E. Diego Morejón-Pazmiño, Ambassador of Ecuador to Germany, stands united to address the critical issues faced by banana producers in their annual negotiations with European Union (EU) retailers. The focus is on the relentless pressure from European supermarkets for meagre prices.

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Costa Rica defends its banana industry in Berlin

2024-02-16

Costa Rica's banana industry is under attack due to a smear campaign in international markets promoted by some Costa Rican unions and OXFAM Germany. Costa Rican banana industry representatives participated in Fruit Logistica 2024, Europe's most critical fresh products fair. On this occasion, the industry's participation focused on promoting European exports and defending Costa Rican bananas. The leaders of the National Banana Corporation (CORBANA) carried out the tour with a double purpose:

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Russia Grants Rights to the suspended Ecuadorian Banana Exports

2024-02-16

On February 16, 2024, Russia granted export rights to five Ecuadorian enterprises for shipping bananas. These rights come with guarantees from the competent authorities in Ecuador, as confirmed by Sergei Dankvert, the head of Rosselkhoznadzor, during an interview on Rossiya-24.

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Successful results for this year's FRUIT LOGISTICA in challenging global marketplace

2024-02-16

The FRUIT LOGISTICA, the world’s premier fruit and vegetable industry show, took place from February 7 to 9 in Berlin-Germany and achieved remarkable results despite the challenges posed by the global marketplace. Visitor Growth: Over 66,000 visitors participated in the event, along with 24,000-plus exhibitor staff and 450 media representatives. The trade fair showcased 2,770 exhibitors and their innovations.

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