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ReeferTrends Online Daily News 16 May 2012

ReeferTrends | viernes, 18 de mayo de 2012

Ecuador banana deficit continues

In the first three months of 2012 the world’s largest banana exporter shipped 10.5m boxes fewer than in the corresponding period in 2011.

Maersk Line upgrades forecast

Parent AP Moller-Maersk reported a surprise increase in net earnings for the first quarter, helped by strong oil and gas results.

Chiquita stung by ISS recommendation

Institutional Shareholder Services is advising shareholders vote against the pay packages because of “pay for performance misalignment at the company.”

India posts 55% rise in table grape exports

The increase in shipments over last year coincides with a 92% reduction in samples rejected at source for Maximum Residue Level rejection.

Court orders supervision for Bonanza

The Arbitration Court of St Petersburg and Leningrad region has introduced a procedure for monitoring the JFC subsidiary, which filed for bankruptcy last month.

China tightens restrictions on Philippine fruit

After detaining reefer containers loaded with bananas, Chinese authorities have also started impounding Philippine papayas and pineapples.

MSC suspends Central America service

Although the direct service from northwest continent to Central America is to be suspended, there is no planned change to the eastbound banana services.

PPECB clears citrus for ambient loading

South Africa’s coldstore operators hit by the Perishable Products Export Control Board ruling that hard citrus can be shipped to Russia without pre-cooling.

DomRep claims US$60m fund for bananas

The funds provided jointly by the European Union and the Inter-American Development Bank are designed to help improve the competitiveness of the industry.

Slow start to Argentinean citrus exports

Season-to-date shipments for oranges, lemons and soft citrus are down 88%, 68% and 41% respectively against the corresponding period in 2011.



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