Maersk is expected to post third-quarter revenue of $12.66 billion, down 44% from a year earlier, according to a FactSet consensus. Earnings before interest, taxes, depreciation and amortization are seen at $2.12 billion from $10.86 billion a year earlier, while net profit is seen falling 96% to $334 million, according to FactSet. Earnings are expected to be hit by a sharp drop in freight rates and weak demand for container freight.

Fresh Del Monte Produce Inc reported quarterly adjusted earnings of 35 cents per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of two analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 48 cents per share.

The Panama Canal, which is facing a severe drought, announced that it will gradually reduce the number of ship crossings starting November 3 to save water. The Panama Canal Authority (ACP) indicated that it plans to initially cut daily crossings through this waterway, which moves almost 6% of the world's maritime trade, from 29 to 25. In 2022, an average of 39 ships passed through per day, but the number had been decreasing for months.

The El Niño phenomenon is already in Ecuador, according to the Oceanographic Institute of the Navy (Inocar) of the Andean country in a statement where it also reported that intense to moderate rains are expected from October 30 throughout the country. "The rainfall that is being recorded in some sectors of the country responds to atypical atmospheric circulation, and that is associated with the El Niño event," Inocar acknowledged on October 28, after two days of heavy rains in the city of Guayaquil and other parts of the Ecuadorian coast.

The King of Spain, Felipe VI, will host a lunch on Friday, November 3, for the president-elect of Ecuador, Daniel Noboa, who is visiting Madrid during a visit to Europe, hoping to gain support for some of his main projects. Noboa, who on October 15 won the second round of the presidential elections, will assume the presidency on December 1.

The Puerto Bolívar Maritime Terminal, operated by Yilport, will receive a new batch of STS and RTG cranes. The machines were manufactured by Mitsui E&S Machinery C and will arrive on November 21. The new STS cranes, which left the Port of Oita in Japan on October 24, stand out for their reach capacity of 67 meters (24 rows), allowing them to serve the largest container ships, even those of up to 20,000 TEUs.

Panama Lawmakers on Friday, November 3, Approved A National Moratorium on New Mining Explorations and Extraction Activities. After weeks of protests rattled the Central American nation, the law passed in its third and final vote and now requires President Laurentino Cortizo's signature, the National Assembly said in a statement.

Ecuador's President-elect Daniel Noboa appointed Danilo Palacios Marquez, 52 years of age, a graduate of the Zamorano Panamerican Agricultural School, as Minister of Agriculture and Livestock for his new Government. Palacios, a businessman from the province of El Oro, has experience in agriculture, commercial and industrial production.

The Protected Geographical Indication (PGI) of the Plátano de Canarias, which encompasses 100% of the production in the Archipelago, will now have a differentiated nomenclature within the customs code of the European Union. It has been reflected in the amendment published on November 1 in the Official Journal of the EU,

One of the things that make a country memorable to tourists and foreign business people is its produce, including local fruits. The homegrown fruits and other food items leave an indelible mark on those who visit the Philippines or have sampled our products at foreign trade fairs. The Japanese, for one, are fond of Philippine Cavendish bananas and pineapples and import these fruits regularly.

So far, in 2023, Peruvian banana exports reached 149,727 tons, registering a contraction of -12% compared to what was shipped in the same period of the previous year. For the past two weeks, Peruvian banana shipments have stayed within the 3,000-ton mark exported. In this last week, product shipments totalled 2,906 tons, which was 7% less than the same week the previous year.

Yara Clean Ammonia, North Sea Container Line, and Yara International have joined forces to develop the world's first containership powered by pure ammonia. The vessel, named Yara Eyde, will operate between Norway and Germany, establishing the first emission-free sea route to the European continent.

Prices reported are for DAT (Fruit Delivered at Terminal) and for the "spot market" and not for fruit contracted to "future", whose values are unknown to the rest of the market. DAP prices (for Fruit Delivered at Place) may include upcharges up to 6.5-7.0 USD per box including ripening costs, depending on port of discharge, terminal, final destination and the agreed place of delivery as per Incoterm or other terms.

Thailand has recently signed the deal to export 5,000 tons of bananas to Japan after a labour shortage during the previous government hampered the order. Chantapun Bunjamanon, director of the International Trade Promotion Department in Tokyo, said the office had previously worked with the Nakhon Ratchasima provincial trade office to bring Japanese banana experts to the area and show them how to grow bananas to meet the Standards and quality of Japan.

The scanners or non-intrusive inspection systems of the containers are installed and in a testing stage in the Port of Guayaquil, the port with the highest incidence of drug seizure in the country. Contecon Guayaquil, a private company that holds the concession for Guayaquil's Simón Bolívar Liberator Port, reported that it invested about USD 15 million in the scanners. The investment includes the acquisition of equipment and the adaptation of civil works.