Demo

Page 1, Week 45/16 AVERAGE BANANA SELLING PRICES CIF: MEDITERRANEAN & RUSSIA

TABLE OF CONTENTS Average Banana Selling Prices CIF: Mediterranean and Russia

   

AVERAGE TIME CHARTER RATES Average Time Charter Rates Average Banana Selling Prices in The European Union

SMALL VESSELS—Value US$ per cbft.

Average Banana Selling Prices in The European Union



World Bunker prices



Average Banana Selling Prices in USA



Market Overview



Market Overview—Q2/16



Bananas Exported from Ecuador



6pct decline in the South African market for Maersk



France: Canavese Group celebrates its 40th anniversary

 

Canarian banana producers pay tribute to Alonso Arroyo



Pest resistant banana developed in Brazil



Samskip lightweight container at Intermodal Europe 2016



UK eyes expansion of Dominican agro exports



Acquisition strengthens Eimskip’s Nordic network



Mexico: 80% of bananas from Tabasco are exported to Europe



Ecuador joins EU trade agreement with Colombia, Peru



APL announced launch Colombia Bridge Express (CBX) Service



Panama: Government and FDP yet to sign an agreement



FDP shares 45.0% up since mid March 2016



Banana boss's firm favourites prove to be fruitful when it comes to audits



German shipping major Hapag-Lloyd plans to launch the SW Service



Philippines, Japan ink pact on industrial cooperation

Ecuador: Noboa gives up sixth presidential nomination in Ecuador LARGE VESSELS—Value US$ per cbft.

Page 2, Week 45/16 BANANA SELLING PRICES IN THE EUROPEAN UNION —Value in Euro Average Banana Selling Prices in Italy

Italy Bonita

13.00-14.00 €

Chiquita

18.00 €

Del Monte

14.00 €

Dole Fratelli Orsero

14.00-14.50 € 14.00 €

Simba

13.00 €

Other brands

10.00-11.00 €

Price Trend - Chiquita Wk45/15

Wk44/16

Wk45/16

18.00 €

18.50 €

18.00 €

Price Trend - Other Brands Wk45/15

Wk44/16

Wk45/16

13.08 €

13.54 €

13.21 €

Average Banana Selling Prices in Germany

Germany First Brands

13.55-15.25 €

Rate exchange

1EUR = 1,0876 USD.

Price Trend Wk45/15

Wk44/16

Wk45/16

14.50 €

14.48 €

14.40 €

Prices are for DAT, DDP or DAP conditions according to the case. Discharging costs for bananas carried on specialized reefer vessels approx. €0.60-0.80 / box, load wagon / trucks approx. €0.05-0.15 / box. Taxes / Dues for EU28 127€ / 1000 KG (For the purposes of checking the net weight of fresh bananas imported into the Community, declarations for release for free circulation shall be accompanied by a banana weighing certificate stating the net weight of the consignment of the fresh bananas concerned, by type of packaging and origin). Prices in Antwerp are about €0.50 less than in Hamburg and in Poland about €0.50 more, under normal market conditions. Prices are mostly for the Hamburg Market or other relevant EU country ports. For bananas shipped by container in some circumstances and depending from the terminal and or final destination upcharges up to 1.70-1.80€ more per box may apply, such upcharges may include: Pick-up surcharge, Scanner surcharge, War risk surcharge, Off-dock surcharge, Port cost surcharge, Transit surcharge, Assurance surcharge, Freight tax, Emergency terminal congestion surcharge, Additional port surcharge, Entry summary declaration for exports surcharge, Ship security surcharge, Congestion surcharge, Drop-off surcharge, Container cleaning charge, Manifest charge, Evaluation charge, Seal handling fee, Administrative charge, Release fees/delivery order charge, Reefer monitoring fee, Bulk administrative fee, Maritime security fee, Hazardous fee, Documentation fee, Demurrage deposit, Container maintenance charge, Facilitation fee, Switch bill of lading fee, Movement fee, FCR fee, Bill of lading fee, Washing charges, Loading surcharge, AMS charges, Liner charges, Less-than-containerload charges, Full containerload charges, Administrative charges.

Page 3, Week 45/16 BANANA SELLING PRICES IN THE EUROPEAN UNION —Value in Euro Average Banana Selling Prices in Spain

“Plátano de Canarias” Value € per Kg.

Bananas of Dollar origin

Actual Week

Previous Week

Green Banana

Natur

1.05 €

1.05 €

Bolsa

1.00 €

1.00 €

Previous week 0.52-0.55 € per Kg. Yellow Banana

Super

0.95 €

0.95 €

Actual week

0.59-0.62 € per Kg.

Kraf

0.85 €

0.85 €

Previous week

0.59-0.62 € per Kg.

Actual week

Price Trend - “Plátano de Canarias” and “Dollar Zone”

0.52-0.55 € per Kg.

No changes in the banana prices this week

Updated November 11 / 2016 A M E R I C A PORT Houston Long Beach New York Santos Panama Canal

IFO380 248.00 295.00 260.00 267.00 267.50

IFO180 316.00 326.50 277.50 300.00 314.00

INDIA, EAST ASIA & PACIFIC MDO -

MGO 468.00 518.50 443.00 659.00 503.50

MIDDLE EAST & AFRICA Durban Jeddah Suez Fujairah

274.00 355.50 274.00

279.50 284.00 396.50 303.00

-

525.00 517.00 665.00 527.00

Tokyo Singapore

299.50 272.00

Gibraltar

266.00

Goeteborg St. Petersburg

265.50

303.50 279.00

-

443.00

285.00

-

450.00

286.50

-

-

212.00

227.50

-

405.00

Piraeus

264.00

279.00

-

438.50

Rotterdam

249.50

279.00

-

404.00

Antwerp

251.50

281.00

-

403.50

EUROPE

Page 4, Week 45/16 AVERAGE BANANA SELLING PRICES IN USA / Value in US$ per box Main Brands - (Chiquita, Dole, Del Monte) Period USGULF US E COAST Wk45/16 16.00-18.75 15.25-16.25 Wk44/16 16.00-18.75 15.25-16.25 Wk45/15 15.50-18.25 15.25-16.25 Second Brands Period USGULF US E COAST Wk45/16 14.25-16.25 13.00-14.00 Wk44/16 14.25-16.25 13.00-14.00 Wk45/15 13.75-14.75 13.00-14.50

WEST COAST 15.50-18.25 15.50-18.25 15.75-18.50

Price Trend—Compared with Period USGULF US E COAST Stable Stable Previous week Market Market

WEST COAST Stable Market

WEST COAST 17.50-19.50 17.50-19.50 17.50-19.50

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 from port of discharge, terminal, final destination and the agreed place of delivery as per Incoterm or other terms. Additional upcharges may include: Pick-up surcharge, Scanner surcharge, War risk surcharge, Off-dock surcharge, Port cost surcharge, Transit surcharge, Assurance surcharge, Freight tax, Emergency terminal congestion surcharge, Additional port surcharge, Entry summary declaration for exports surcharge, Ship security surcharge, Congestion surcharge, Drop-off surcharge, Container cleaning charge, Manifest charge, Evaluation charge, Seal handling fee, Administrative charge, Release fees/delivery order charge, Reefer monitoring fee, Bulk administrative fee, Maritime security fee, Hazardous fee, Documentation fee, Demurrage deposit, Container maintenance charge, Facilitation fee, Switch bill of lading fee, Movement fee, FCR fee, Bill of lading fee, Washing charges, Loading surcharge, AMS charges, Liner charges, Less-than-containerload charges, Full containerload charges, Administrative charges.

MARKET OVERVIEW Banana selling prices in St. Petersburg during week 45 were lower than week 44 ranging from around US$ 11.00 to around US$11.45 per box CIF. Almost 1.42 million boxes were discharged and around 1.75 million are expected for week 46. Prices were lower as a result of large quantities of bananas imported and could go further down considering the very high volumes expected for week 46, according to traders.

Banana selling prices in the Mediterranean ranged from around US$6.00 per box up to around US$ 7.50 per box CIF according to brand, volumes and region where the fruit was sold and according to origin.

During week 45 around 600.000 boxes of bananas were discharged at the Mersin Free Zone, the port was still affected by congestion with vessels waiting 1-2 weeks to go alongside.

Two more vessels were expected to discharge during the weekend around 400.000 additional boxes of bananas for a total of almost 1 million boxes.

Traders in the Free Zone loaded on trucks first the banana retained in the cold storages for several days and which will be dispatched to neighboring countries before of the fruit that arrived later. There were more than 30 lorries loaded with 2nd and 3rd quality bananas from previous vessels, mostly ripen or turning ripe and destined mainly to the Syrian market, according to local traders.

There were higher requirements from neighboring countries than during the previous week. According to data recently released volumes of bananas shipped from the Mersin Free Zone to Iraq and Iran were around 40 percent less than the previous year as a result of direct shipments by specialized reefer vessels or containers to Iran from the Philippines or elsewhere and due to political frictions between Turkey and some of its neighboring countries, which hindered trade.

Market watchers reported that recently there was a meeting in Mersin between banana importers and the biggest shipping lines calling at the Turkish port in order to discuss all the recent

events which caused Turkish banana importers, both for domestic and transit market, to incur in considerable losses.

According to local traders, the banana trade in containers might suffer a drop up to around 35 percent in 2017 as a result of the considerable losses suffered in 2016.

The Turkish domestic market was also affected by the considerable increase in value of the US dollar, which exchange rate got to a record level of around 1 USD = 3.28 Turkish Lira.

Many traders in the domestic market tried to divert a considerable amount of bananas originally destined for the local market, to the transit market. Large volumes of local grown bananas available in the market at competitive prices contributed to add pressure to the already critical market.

Selling prices in the Mersin Free Zone were around US$6.007.25 and around US$7.00-7.50 for the re- exported bananas.

Prices in the transit market might go further down as one of the vessels awaiting berth from almost two weeks and with fruit from Central America, which might have a very short shelf life, was expected to go alongside and start discharging.

Bananas prices in the Ecuadorian spot market ranged from around USD6.50 per box up to around USD8.0 per box for the fruit only, during most of the week.

Regarding the chartering activity, during week 45 one vessel was fixed for a banana voyage from Colombia to Vado at a reported rate of around US$140 per pallet FIOS. One vessel of around 260.000 cbft, already under contract was expected to load bananas in Central America for the Northern Adriatic.

One vessel was fixed for fish from Namibia to Mozambique at around US$110 per NMT. One vessel was fixed for poultry from Northern European to Congo at an undisclosed rate.

Time Charter rates were at around US 30-35 cents per cbft per month for larger vessels and around US cents 70-75 per cbft per month for smaller tonnage.

Page 5, Week 45/16

MARKET OVERVIEW—Q2/2016 Banana Selling Prices in The European Union Average Bananas Selling Prices in Italy

The data of the other brands is the average prices of Dole, Del Monte, Bonita, F.Orsero, Simba and others

Bonita Chiquita Del Monte Dole Fratelli Orsero Simba Other brands

wk13 16.00-17.00 19.00 16.00-17.00 17.00-17.50 16.50 15.50 15.50

wk14 16.00-17.00 19.00 16.00-17.00 17.00-17.50 16.50 15.50 15.50

wk15 16.00-17.00 19.00 16.00-17.00 17.00-17.50 16.50 15.50 15.50

wk16 15.50-16.00 19.00 15.50-16.00 17.00-17.50 16.50 15.50 13.00-14.00

wk17 15.50-16.00 19.00 15.50-16.00 17.00-17.50 16.50 15.50 13.00-14.00

Bonita Chiquita Del Monte Dole Fratelli Orsero Simba Other brands

wk22 16.00 19.50 16.00 17.00 16.50 15.50 14.00

wk23 16.00 19.50 16.00 17.00 16.50 15.50 14.00

wk24 16.00 19.50 16.00 17.00 16.50 15.50 14.00

wk25 16.00 19.50 16.00 17.00 16.50 15.50 14.00

wk26 16.00 19.50 16.00 17.00 16.00 15.00 14.00

wk14 18.00 19.00-20.00 18.00 19.00 18.50 17.50 17.00

wk15 18.00 19.50-20.50 18.00 19.00 18.50 17.50 17.00

wk16 17.00-18.00 19.00-20.00 17.00-18.00 19.00 18.00 17.00 16.00-16.50

wk17 17.00-18.00 19.00-20.00 17.00-18.00 19.00 18.00 17.00 16.00-16.50

wk25 14.50-15.50 19.00 14.50-15.50 16.50 16.00 14.00 13.00

wk26 15.00-16.00 19.00-19.50 15.00-16.00 16.50 16.00 14.50 13.00-14.00

Year: 2016

Year: 2015 Bonita Chiquita Del Monte Dole Fratelli Orsero Simba Other brands

Bonita Chiquita Del Monte Dole Fratelli Orsero Simba Other brands

wk13 18.00 19.00-20.00 18.00 19.00 18.50 17.50 17.00 wk22 15.00-16.00 19.00-19.50 15.00-16.00 17.00 17.50 15.50 14.00-15.00

wk23 15.00-16.00 19.00-19.50 16.50-17.00 17.00 16.50 15.00 13.00-13.50

wk24 14.50-15.50 19.00 14.50-15.50 16.50 16.00 14.00 13.00

wk18 15.50-16.00 19.00 15.50-16.00 17.00-17.50 16.50 15.50 13.00-14.00

wk19 15.50-16.00 19.00 15.50-16.00 17.00 16.50 15.50 14.00

wk20 15.50-16.00 19.00 15.50-16.00 17.00 16.50 15.50 14.00

wk21 16.00 19.50 16.00 17.00 16.50 15.50 14.00

wk18 16.00 19.50-20.00 16.00 18.00 18.00 16.00 15.00

wk19 15.00-16.00 19.00-19.50 15.00-16.00 17.50 17.50 15.50 14.00-15.00

wk20 15.00-16.00 19.00-19.50 15.00-16.00 17.00 17.50 15.50 14.00-15.00

wk21 15.00-16.00 19.00-19.50 15.00-16.00 17.00 17.50 15.50 14.00-15.00

Page 6, Week 45/16

MARKET OVERVIEW—Q2/2016 Average Bananas Selling Prices in Germany

Year 2016 First Brands Rate Exchange 1Euro = US$

wk13 14.50-15.85 $ 1.1349

wk14 14.40-15.80 $ 1.1396

wk15 14.30-15.70 $ 1.1314

wk16 14.30-15.70 $ 1.1226

wk17 14.30-15.70 $ 1.1440

wk18 14.40-15.50 $ 1.1426

wk19 14.40-15.40 $ 1.1291

First Brands Rate Exchange 1Euro = US$

wk20 14.30-15.20 $ 1.1208

wk21 14.40-15.45 $ 1.1171

wk22 14.40-15.45 $ 1.1331

wk23 14.40-16.00 $ 1.1269

wk24 14.40-16.00 $ 1.1261

wk25 14.90-15.90 $ 1.1120

wk26 14.90-16.00 $ 1.1133

Year 2015 First Brands Rate Exchange 1Euro = US$

wk13 14.70-16.55 $ 1.0886

wk14 14.70-16.55 $ 1.0873

wk15 14.40-15.90 $ 1.0614

wk16 15.00-15.90 $ 1.0792

wk17 14.60-15.50 $ 1.0863

wk18 15.25-16.00 $ 1.1189

wk19 15.25-16.00 $ 1.1221

First Brands Rate Exchange 1Euro = US$

wk20 15.00-15.85 $ 1.1427

wk21 14.40-15.45 $ 1.1029

wk22 14.40-16.00 $ 1.0986

wk23 14.00-15.25 $ 1.1074

wk24 13.70-15.50 $ 1.1277

wk25 13.50-15.40 $ 1.1331

wk26 13.50-15.60 $ 1.1160

Prices are for DAT, DDP or DAP conditions according to the case. Discharging costs for bananas carried on specialized reefer vessels approx. €0.60-0.80 / box, load wagon / trucks approx. €0.05-0.15 / box. Taxes / Dues for EU28 127€ / 1000 KG (For the purposes of checking the net weight of fresh bananas imported into the Community, declarations for release for free circulation shall be accompanied by a banana weighing certificate stating the net weight of the consignment of the fresh bananas concerned, by type of packaging and origin). Prices in Antwerp are about €0.50 less than in Hamburg and in Poland about €0.50 more, under normal market conditions.

Prices are mostly for the Hamburg Market or other relevant EU country ports. For bananas shipped by container in some circumstances and depending from the terminal and or final destination upcharges up to 1.70-1.80€ more per box may apply, such upcharges may include: Pick-up surcharge, Scanner surcharge, War risk surcharge, Offdock surcharge, Port cost surcharge, Transit surcharge, Assurance surcharge, Freight tax, Emergency terminal congestion surcharge, Additional port surcharge, Entry summary declaration for exports surcharge, Ship security surcharge, Congestion surcharge, Drop-off surcharge, Container cleaning charge, Manifest charge, Evaluation charge, Seal handling fee, Administrative charge, Release fees/delivery order charge, Reefer monitoring fee, Bulk administrative fee, Maritime security fee, Hazardous fee, Documentation fee, Demurrage deposit, Container maintenance charge, Facilitation fee, Switch bill of lading fee, Movement fee, FCR fee, Bill of lading fee, Washing charges, Loading surcharge, AMS charges, Liner charges, Less-than-containerload charges, Full containerload charges, Administrative charges.

Page 7, Week 45/16

MARKET OVERVIEW—Q2/2016

YEAR 2016—Value Euro/Kg.

wk13

wk14

wk15

wk16

wk17

wk18

wk19

wk20

“Platano de Canarias” Super Extra Cat I

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

“Dollar Banana” Green Banana/KG. Yellow Banana/KG.

0.74 0.81

0.74 0.81

0.63 0.70

0.63 0.70

0.63 0.70

0.63 0.70

0.63 0.70

0.69 0.76

wk21

wk22

wk23

wk24

wk25

wk26

“Platano de Canarias” Super Extra Cat I

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

0.75 0.65 0.55

“Dollar Banana” Green Banana/KG. Yellow Banana/KG.

0.74 0.81

0.69 0.76

0.74 0.81

0.74 0.81

0.69 0.76

0.63 0.70

YEAR 2015—Value Euro/Kg. “Platano de Canarias” Super Extra Cat I “Dollar Banana” Green Banana/KG. Yellow Banana/KG.

wk13 1.10 0.95 0.85

wk14 1.10 0.95 0.85

wk15 0.85 0.75 0.65

wk16 0.85 0.75 0.65

wk17 0.85 0.75 0.65

wk18 0.85 0.75 0.65

wk19 0.85 0.75 0.65

wk20 0.85 0.75 0.65

0.77-0.80 0.84-0.87

0.77-0.80 0.84-0.87

0.74-0.77 0.81-0.84

0.69-0.72 0.76-0.78

0.69-0.72 0.76-0.78

0.61-0.63 0.67-0.70

0.61-0.63 0.67-0.70

0.55 0.62

wk21

wk22

wk23

wk24

wk25

wk26

“Platano de Canarias” Super Extra Cat I

0.85 0.75 0.65

0.80 0.70 0.60

0.80 0.70 0.60

0.80 0.70 0.60

0.75 0.65 0.55

0.75 0.65 0.55

“Dollar Banana” Green Banana/KG. Yellow Banana/KG.

0.55 0.62

0.55-0.61 0.62-0.67

0.55-0.61 0.62-0.67

0.66 0.73

0.61-0.66 0.67-0.73

0.55-0.61 0.62-0.67

Page 8, Week 45/16

MARKET OVERVIEW—Q2/2016

IFO180—Value US$ per MT 2008 Wk13 510.50 Wk14 502.00 Wk15 526.00 Wk16 534.50 Wk17 535.00 Wk18 516.00 Wk19 575.00 Wk20 582.50 Wk21 620.50 Wk22 587.00 Wk23 602.00 Wk24 649.50 Wk25 648.00 Wk26 696.00

2009 295.00 300.00 307.50 311.00 303.00 302.00 346.00 352.50 364.00 387.50 402.00 403.00 409.00 405.00

2010 469.00 483.00 491.50 493.50 496.00 469.00 465.00 416.50 436.00 447.00 437.50 446.00 439.50 484.00

2011 649.00 681.00 667.00 674.00 680.50 615.00 638.00 634.00 636.00 657.00 662.00 649.50 627.00 645.50

2012 731.00 729.00 725.00 708.00 720.00 712.50 658.00 635.00 635.00 635.00 635.00 615.00 565.00 582.00

2013 635.00 618.00 616.00 598.00 610.00 612.00 626.00 610.00 600.00 607.00 607.00 615.00 602.00 597.00

2014 614.00 615.00 609.00 612.00 597.00 589.00 590.00 591.00 597.00 593.00 591.00 619.00 636.00 624.00

2015 330.50 311.00 328.50 352.00 364.00 364.00 391.50 395.00 373.50 372.00 374.00 373.00 370.00 366.50

2016 179.00 181.50 202.50 203.50 215.00 216.00 216.00 239.50 244.00 246.50 256.00 246.50 263.00 269.50

Page 9, Week 45/16

BANANAS EXPORTED FROM ECUADOR Bananas loaded in container vessels VESSEL

DATE

SHIPPERS

BOXES

# CONT.

DESTINATION

ARKADIA

20-Oct-16 COMERSUR

2,196

2 TRANSHIPMENT TO MENDOZA

*SEALAND PHILADELPHIA

22-Oct-16 SABROSTAR FRUIT

3,240

3 TRANSHIPMENT FM BBOA TO MONTEVIDEO

*MIZAR

23-Oct-16 COMERSUR, LIZZARD

6,223

6 SAN VICENTE, TRANSHIPMENT TO MENDOZA

*JOHANNES MAERSK

23-Oct-16 EXPORTSWEET

ARICA EXPRESS

12,960

12 TRANSHIPMENT FM BBOA TO MONTEVIDEO

26-Oct-16 EXPORTSWEET, GLOBAL CAMBIO, LIZZARD, COAGRENE, ASOC.AGRIC. 3 JULIO, AUGE, LUDERSON, ASOPROSUR, PAROVPA, EXPORT MACHALA, CHIQUITA BANANA ECUADOR, INTERFRUIT, ANISHI, JORCORP, COAGRENE, FURTERA DON MARCOS, ASISBANE, SABROSTAR FRUIT, DAMASCOSWETT, FRUITMILENIUM, ECUACEDROS 26-Oct-16 SABROSTAR FRUIT, CHIQUITA BANANA ECUADOR, DEILINDECSA, FUPORDI, REYBANPAC, DOLE, FRUTA RICA, GINAFRUIT, AGZULASA, CEINCONSA, ASISBANE, ASOAGRIBAL, JASAFRUT, CEINCONSA, FIRESKY, FRUITMILENIUM, PIRECUASA, EARTHFRUCTIFERA, FRUTIBONI, ASOC.AGRIC.3 JULIO, EXPORTGRID, TECNIAGREX, GRUBAFAL, TUCHOK, VIMTICORP 28-Oct-16 SABROSTAR FRUIT, EXPORTSWEET, ASROWD, COAGRENE, ANISHI, CHIQUITA BANANA ECUADOR, A.ARTEAGA, JORCORP, KUEHNE&NAGEL, J.RIOFRIO, SOPRISA, GINAFRUIT, DAMASCOSWETT, GINAFRUIT, EXPORTJAIME, SENTILVER, INTERFRUIT, COAGRENE, LUDERSON, DOLE, AGZULASA, JORCORP, LIZZARD 28-Oct-16 DIALINSPEC, FRUTIBONI, GINAFRUIT, EXPORGANIC

120,159

112 ARICA, SAN ANTONIO, TRANSHIPMENT TO BAIRES, MENDOZA

176,679

129 TRANSHIPMENT TO AUCKLAND, TOKYO, KOBE, NAGOYA, HAKATA, DALIAN, BUSAN, TIANJINXINGANG, SHANGHAI, YOKOHAMA, SINGAPORE, VLADIVOSTOK, QINGDAO, SINGAPORE, YINGKOU, VLADIVOSTOK 175 SAN VICENTE, SAN ANTONIO, TRANSHIPMENT TO BAIRES, MENDOZA, MONTEVIDEO

CAROLINA STAR

28-Oct-16 DOLE, SAN MIGUEL DE BRASIL, EXBAFRUC, FRUTA RICA, REYBANPAC, HCDA.CELIA MARIA, PERISHABLE, BANAN.EL GUABO, TROPICALFRUIT, UROCAL, KUEHNE&NAGEL, EXBAFRUC, AGRISEMA, ASOC.AGRIC.3 JULIO, DELIFRUIT, CIMEXPRIBA, FRUTADELI

181,571

SEALAND MANZANILLO

29-Oct-16 REYBANPAC, FUPORDI, CHIQUITA BANANA, DIALINSPEC

27,462

ALIOTH

29-Oct-16 REYBANPAC, SUMIFRU, DIALINSPEC, TUCHOK, FUPORDI, ASOAGRIBAL, GINAFRUIT, CIMEXPRIBA, JASAFRUT, HCDA.CELIA MARIA, DON CARLOS FRUIT, FRUTA NOVA, DELINDECSA, GREEN EXPRESS 30-Oct-16 SABROSTAR FRUIT, ASROWD, TRUISFRUIT, JORCORP, MAYTUZAM, PAROVPA, ZAMHERN, DOLE, PAROVPA, JEDESCO, AGROBAN, EXPORTJAIME, INTERFRUIT, REYBANPAC, LIZZARD, FRUTERA DON MARCOS 30-Oct-16 TUCHOK, AGROBERRUZ, SOPRISA, AGZULASA, CEINCONSA, TUCHOK, SABROSTAR FRUIT, FRUTA RICA

75,156

CAUTIN

ELIZABETH-S

JAMILA

BANAK

WAN HAI 515

*Additional quantities have been published in previous Sopisco News

190,281

10,969

271,365

43,501

10 TRANSHIPMENT FM BBOA TO LOS ANGELES, TERMINAL ISLAND, SHANGHAI, TOKYO 156 TRANSHIPMENT TO PHILADELPHIA, MONTREAL, HAMBURG, STOCKHOLM, ROTTERDAM, ANTWERP, LISBON, GENOA, LIVORNO, TANGIER, HELSINGBORG, HELSINKI, GDYNIA, OSLO 25 TRANSHIPMENT FM BBOA TO LOS ANGELES, TOKYO, YOKOHAMA, CHIWAN 61 TRANSHIPMENT FM BBOA TO NEW YORK, XINGANG, HONG KONG, NAGOYA, DALIAN, TOKYO, KOBE, YOKOHAMA, HAKATA, VLADIVOSTOK 240 SAN ANTONIO, TRANSHIPMENT TO BAIRES, MENDOZA, MONTEVIDEO 30 TRANSHIPMENT TO HONG KONG, DALIAN, SHEKOU, HONG KONG, TIANXINGANG

Page 10, Week 45/16

BANANAS EXPORTED FROM ECUADOR Bananas loaded in container vessels VESSEL

DATE

SHIPPERS

BOXES

# CONT.

DESTINATION

MAERSK BULAN

30-Oct-16 REYBANPAC, DOLE, SUMIFRU, ECUAGREENPRODEX, AGROBERRUZ, AGRAIND, CIMEXPRIBA, ZAMHERN, LUDERSON, FRUTA RICA, BANAN.EL GUABO, FRUTADELI, NEGOPLUS, SAFRAN FOODS, BETJESOONT, SOPRISA, TUCHOK, FRUTVAS, FIRESKY, ECUACEDROS, TROPICALFRUIT, BANSURLIT, FRUTICAL, FANALBA, NOVAMERC, GRUBAFAL, HOYOS GARCES, AGROBAN, BANANA EXCHANGE, AGZULASA, MENDOEXPORT, NINA BANANAS, VILANIA, AGROPROBAN, DON CARLOS FRUIT, JASAFRUT, EARTHFRUCTIFERA, CABAQUI, VARIFRUIT, TECNIAGREX, SENTILVER, EXBAFRUC, ASISBANE, VIMTICORP, AGROVICTORIA, ECOBANEC, FRUTVAS, SEBANQUI, IND.AGRIC.CAÑAS

589,246

471 TRANSHIPMENT FM BBOA TO YOKOHAMA, BUSAN, XINGANG, TILBURY, ALGECIRAS, VADO, MERSIN, PIREO, THESSALONIKI, MARSAXLOKK, IZMIR, TANGIER, CAPE TOWN, TUNISIA, AMBARLI, BURGAS, BAR, POTI, YUZHNY, NOVOROSSIYSK, ODESSA, SHUWAIKH, AQABA, UMM QASR, DUBAI, DOHA, SHUAIBA, JEBEL ALI, JEDDAH

MSC CARMEN

30-Oct-16 DOLE, REYBANPAC, FANALBA, FRUTICAL, DUREXPORTA, DELINDECSA, FANALBA, SOPRISA, FRUTA NOVA, PIRECUASA, EARTHFRUCTIFERA, VILANIA, ROYALFRUIT, NOVAMERC, EXBAFRUC, CHIQUITA BANANA ECUADOR, TRUISFRUIT, ASISBANE, AGRAIND, KUEHNE&NAGEL, DIALINSPEC, BANAN.EL GUABO, TROPICALFRUIT, SENDA VERDE, SAN MIQUEL DE BRASIL, MENDOEXPORT, VIMTICORP, SENTILVER, BANASOLREY, PERISHABLE, AGROVEGERALES, EXPORTGRID, FERTIAGRACORP

400,248

352 TRANSHIPMENT TO ST.PETERSBURG, BREMERHAVEN, ROTTERDAM, ANTEWERP, KALININGRADO, HELSINGBORG, HELSINKI

LUCIE SCHULTE

31-Oct-16 TRUISFRUIT, SABROSTAR FRUIT, EXPORTGRID, AGRISEMA, CIMEXPRIBA, DELIFRUIT, ASISBANE, GRUBAFAL, BANANA EXCHANGE, FRUTICAL, DAMASCOSWETT, CEINCONSA, DELINDECSA, SOPRISA, NOVAMREC, BANAGREEN, DAMASCOSWETT, DISCOVERBAN, TOTY BANANA, ASOC.AGRIC.3 JULIO, HOYOS GARCES, BANACALI, AGZULASA, ECUAGREENPRODEX, DOLE, SEBANQUI, ECUACEDROS, FRUTADELI, KUEHNE&NAGEL, EARTHFRUCTIFERA

325,073

271 TRANSHIPMENT TO DUNKERQUE, LIVORNO, SALERNO, CATANIA, CIVITAVECCHIA, PIREO, THESSALONIKI, GEBZE, SPLIT, LIMASSOL, RIJEKA, PLOCE, POTI, ORAN, SOUSSE, GHAZAOUET, DURRES, ODESSA, BANDAR BUSHEHR, DOHA, UMM QASR, SHUAIBA, SOHAR, JEBEL ALI, JEDDAH

MSC ELOISE

31-Oct-16 DOLE, JASAFRUT, TUCHOK, LUDERSON, ASISBANE, DAMASCOSWETT, SAN MIGUEL DE BRASIL, FRUTA NOVA, AGROBAN, ECOBANEC, RECEPCAR, DELINDECSA, CORAGROFRUIT, BANACALM, TECNIAGREX, NINA BANANAS, SEBANQUI, ROYALFRUIT, AGROBAN, TUCHOK, REYBANPAC, AGZULASA, FRUTVAS, ORO BANANA, CEINCONSA, SEBANQUI, SILVER VALUE, PREDIGAL, AGRIC.JX, DAMASCOSWETT, AGROBAN

437,810

357 TRANSHIPMENT TO LYTTELTON, AUCKLAND, CIVITAVECCHIA, GIOIA TAURO, LA SPECIA, CATANIA, PIREO, BURGAS, KOPER, DURRES, ILYICHEVSK, ODESSA, BANDAR ABBAS, BANDAR BUSHEHR, KING ABDULLAH, JEBEL ALI

MAERSK NIJMEGEN

01-Nov-16 REYBANPAC, SUMIFRU, AGROBAN, CEINCONSA, FRUTADELI, BANAN.EL GUABO, DOLE, GLOBAL FRESH, ORO BANANA, DON CARLOS FRUIT, DAMASCOSWETT, DUAGUI, COMERSUR, INTERFRUIT, ASISBANE, MENDOEXPORT, SOPRISA, LUDERSON, NEGOPLUS, SABROSTART FRUIT, NINA BANANAS, NANABAN, DELINDECSA, AGZULASA, VIMTICORP, FRUTA RICA, CABAQUI, DISCOVERBAN, AGRAIND, AGRIC.SENDA VERDE, BANALCAR, INTERFRUIT, BANASOLREY

464,669

403 TRANSHIPMENT TO YOKOHAMA, BUSAN, SHANGHAI, AUCKLAND, LYTTELTON, WELLINGTON, ST.PETERSBURG, KHAZAKHSTAN, AZERBAIJAN, HELSINKI, KLAIPEDA, HAMBURG, BREMERHAVEN, ROTTERDAM, VLADIVOSTOK

Page 11, Week 45/16

BANANAS EXPORTED FROM ECUADOR Bananas loaded in container vessels VESSEL

DATE

SHIPPERS

BOXES

CAUQUENES

02-Nov-16 DOLE, REYBANPAC, CHIQUITA BANANA, SABROSTAR FRUIT, FUPORDI, FRUTA RICA, AGZULASA, GINAFRUIT, JASAFRUT, ASOAGRIBAL, CEINCONSA, FIRESKY, FRUITMILENIUM, EXPORTGRID, ASISBANE, TUCHOK, FRUTIBONI, GRUBAFAL, TECNIAGREX, VIMTICORP

JSP AMIHAN

03-Nov-16 TROPICALFRUIT, AGRORGANICA, GRUBAFAL, REYBANPAC, TRUISFRUIT, DUREXPORTA

53,594

MAGARI

04-Nov-16 REYBANPAC, SUMIFRU, GINAFRUIT, FUPORDI, JASAFRUT, EXPORGANIC, CIMEXPRIBA, DIALINSPEC, FRUTIBONI

49,788

DOMINGO

04-Nov-16 DOLE, SAN MIGUEL DE BRASIL, EXBAFRUC, FRUTA RICA, REYBANPAC, HCDA.CELIA MARIA, VIMTICORP, PERISHABLE

99,422

ALIOTH

05-Nov-16 SUMIFRUIT, REYBANPAC, TUCHOK, FUPORDI, DON CARLOS FRUIT, FRUTA NOVA, DELINDECSA 06-Nov-16 REYBANPAC, KUEHNE&NAGEL, PERISHABEL, EXPORTGRID, AGRIC.SENDA VERDE, FERTIAGRACORP

35,256

MSC LEIGH

166,117

28,120

# CONT.

DESTINATION

120 TRANSHIPMENT TO TOKYO, KOBE, NAGOYA, HAKATA, DALIAN, SHANGHAI, BUSAN, TIANJINXINGANG, YOKOHAMA, KOBE, QINGDAO, SINGAPORE, VLADIVOSTOK 50 TRANSHIPMENT FM RODMAN TO PHILADELPHIA, LA PORTE, MIAMI, BROOKLYN 42 TRANSHIPMENT FM BBOA TO LOS ANGELES, TOKYO, SHANGHAI, TERMINAL ISLAND, KOBE 85 TRANSHIPMENT TO OSLO, HELSINGBORG, STOCKHOLM, HAMBURG, ANTWERP, HELSINKI, GDYNIA, ROTTERDAM 56 TRANSHIPMENT FM BBOA TO XINGANG, HONG KONG, DALIAN, HAKATA, VLADIVOSTOK 21 TRANSHIPMENT TO BREMERHAVEN, ROTTERDAM, ANTWERP

Bananas loaded in specialized reefer vessels (Multinational Companies) VESSEL STAR ENDEAVOUR

DOLE PACIFIC

CAP PASLEY

STAR PRIDE

DOLE ATLANTIC

CAP PALMERSTON

DATE

SHIPPERS

BOXES

# CONT.

DESTINATION

26-Oct-16 ORO BANANA, GOLDEN VALUE, SILVER VALUE, BANDECUA, EXPORT MACHALA, GRUBAFAL, CABAQUI, PREDIFAL, DUAGUI, AGRIC.JX, DAMASCOSWETT, ASOAGRIBAL, BARNIOSA, SAMAYACU, RECEPCAR, TRABOAR, EXPROBIOLOGICO, TRABOAR, TROPICALAGRO 27-Oct-16 DOLE, ASISBANE, SAN MIGUEL DE BRASIL, EXAGRISURSA, BANAN.CERRO AZUL

186,117

74 HUENEME, MANTEE, GALVESTON, GLOUCESTER CITY

279,805

29-Oct-16 CHIQUITA BANANA ECUADOR, ECOBANEC, AGROVICTORIA, IND.AGRIC.CAÑAS, TRUISFRUIT, ASISBANE, LUDERSON, FIRESKY, SILVER VALUE, AGRAIND, HOYOS GARCES, EXPORTHOYOS, BANABIO, EXAGRISURSA, GOLDEN VALUE, TRABOAR, FRUTIBONI, ASOC.AGRIC.3 JULIO 03-Nov-16 ORO BANANA, GOLDEN VALUE, SILVER VALUE, BANDECUA, EXPORT MACHALA, GRUBAFAL, CABAQUI, PREDIFAL, DUAGUI, AGRIC.JX, DAMASCOSWETT, ASOAGRIBAL, BARNIOSA, SAMAYACU, RECEPCAR, TRABOAR, EXPROBIOLOGICO, TRABOAR, TROPICALAGRO 03-Nov-16 DOLE, ASISBANE, SAN MIGUEL DE BRASIL, EXAGRISURSA, BANAN.CERRO AZUL

179,100

283 SAN DIEGO, TRANSHIPMENT FM QUETZAL TO FREEPORT, GULFPORT, WILMINGTON, ANTWERP 185 HUENEME, TRANSHIPMENT FM QUETZAL TO EVERGLADES, DELAWARE, FREEPORT, TRANSHIPMENT TO GDYNIA, LISBON

04-Nov-16 CHIQUITA BANANA ECUADOR, TRUISFRUIT, ECOBANEC, ASISBANE, LUDERSON, AGROVICTORIA, FIRESKY, HOYOS GARCES, EXPORHOYOS, IND.AGRIC.CAÑAS, BANABIO, ASISBANE, EXAGRISURSA, GOLDEN VALUE, TRABOAR

137,280

194,482

66 HUENEME, MANTEE, GALVESTON, GLOUCESTER CITY

238,555

238 SAN DIEGO, TRANSHIPMENT FM QUETZAL TO FREEPORT, GULFPORT, WILMINGTON, ANTWERP 143 HUENEME, TRANSHIPMENT FM QUETZAL TO EVERGLADES, DELAWARE, FREEPORT

Page 12, Week 45/16

BANANAS EXPORTED FROM ECUADOR Bananas loaded in specialized reefer vessels VESSEL TASMAN MERMAID

DATE

SHIPPERS

BOXES

# CONT.

DESTINATION

28-Oct-16 ORO BANANA, BANACALI, DIALINSPEC, NOVAMERC, TOTY BANANA, ARAUJOBAN, DISCOVERBAN, BANACOSTA 29-Oct-16 EXBAORO, FRUTA RICA, EXBAFRUC, GRUBAFAL, ORO BANANA, GINAFRUIT, ASOC.AGRIC.3 JULIO, UROCAL, FRUTA RICA, BANAN.EL GUABO, AGROBERRUZ, BANABIO, BANAN.EL GUABO, CIMEXPRIBA, DIALINSPEC, JASAFRUT, GRUBAFAL, TUCHOK, TROPICALFRUIT, CLUZON, AGROBERRUZ, AGRAIND,

266,418 302,246

54 DOVER, HAMBURG, ROTTERDAM

29-Oct-16 COMERSUR, FRUTICAL, BANADECSA, EXPORTSWEET, SOPRISA, FRUTA NOVA, DELINDECSA, DAMASCOSWETT, TRINYFRESH, JASAFRUT, ASOC.AGRIC.3 JULIO 29-Oct-16 ECUAGREENPRODEX, ASISBANE, MENDOEXPORT, AGROPROBAN, COGUIN, DON CARLOS FRUIT, FRUITMILENIUM, ZAMHERN, LUDERSON, ZAMHERN, FRUTA NOVA, SABROSTAR FRUIT, EXPORTGRID, GRUBAFAL, VIMTICORP, FIRESKY, GINAFRUIT, DOLE, EXDESUR, PIREC-

294,188

45 ST.PETERSBURG

373,963

74 ST.PETERSBURG, VLISSINGEN

BARRINGTON ISLAND 30-Oct-16 ECUAGREENPRODEX, DON CARLOS FRUIT, BANACALM, AGZULASA, FRUTICAL, ROYALFRUIT, TECNIAGREX, CABAQUI, SOPRISA, FRUTA NOVA, TRINYFRESH, NINA BANANA, GINAFRUIT, EXPORTSWEET, CEINCONSA, ASOPROTELAM, NOVAMERC, BANABIO, COMERSUR, TRINYFRESH, SOPRISA, FRUTA NOVA, GLOBAL FRESH, AGZULASA, PIRECUASA, DON CARLOS FRUIT, NEGOPLUS, FERTIAGRACORP, EARTHFRUCTIFERA, DUAGUI, BANAN WORLD GREEN, FRUTA NOVA, VARIFRUIT, DUAGUI, FANALBA, ASOC.COMUNA ST.DOMINGO, NINA BANANAS, VILANIA, EXDESUR, PIRECUASA, E.SAMPEDRO, DAZAK TRADING FEGULUS 31-Oct-16 ASOAGRIBAL

411,356

85 ST.PETERSBURG, HELSINGBORG, TRANSHIPMENT TO TASHKENT, TAJIKISTAN, OSH, KARANGANDA, BISHKEK, UST KAMENOGORSK, UZBEKISTAN

JORGEN REEFER

161,531

ATLANTIC REEFER

BALTIC HOLLYHOCK

AFRIC STAR

04-Nov-16 COMERSUR, TRINYFRESH, BANALCALM, AGZULASA, FRUTICAL, FRUTA NOVA, EXPORTSWEET, TECNIAGREX, SOPRISA, ASOC.AGRIC.3 JULIO, GINAFRUIT, DAZAK TRADING, NINA BANANAS,

MEDITERRANEAN

249,869

MEDITERRANEAN 8 ST.PETERSBURG, HELSINGBORG

NEDERLAND REEFER 05-Nov-16 ORO BANANA, EXBAORO, FRUTA RICA, EXBAFRUC, GRUBAFAL, ASOC.AGRIC.3 JULIO, GINAFRUIT, COMERSUR, UROCAL, BANAN.EL GUABO, AGROBERRUZ, BANABIO, BANAN.EL GUABO, CIMEXPRIBA, DIALINSPEC, JASAFRUT, GRUBAFAL, AGRISEMA, FRUTIBONI, CLUZON, TUCHOK, TROPICALFRUIT, AGROBERRUZ,

303,775

29 DOVER, HABURG, ROTTERDAM

BALTIC JASMINE

260,727

17 ST.PETERSBURG, TRANSHIPMENT TO AZERBAIJAN

05-Nov-16 COMERSUR, FRUTICAL, BANADECSA, FRUTICAL, ROYALFRUIT, BANACALM, CEINCONSA, DAMASCOSWETT, ORO BANANA

Bananas loaded in Ecuador Wks 41-42-43 GUAYAQUIL PTO.BOLIVAR Numbers of vessels called both ports: Guayaquil and Pto.Bolivar:

WEEK 41 FM 10 TO 16 OF OCT Boxes Vessels 4,385,599 1,298,897 5,684,496 1

21 5 25

WEEK 42 FM 17 TO 23 OF OCT Boxes Vessels 4,566,665 1,682,390 6,249,055 2

24 8 30

WEEK 43 FM 24 TO 30 OF OCT Boxes Vessels 4,550,904 1,452,362 6,003,266 2

21 6 25

VARIATION OF BXS WK42 VS 43 Absolute (%) -15,761 -230,028 -245,789

-0.35 -13.67 -3.93

1,496,446

2,165,722

645,615

Boxes/containers

3,542,435

Bananas loaded in container vessels wk41/16

Boxes/containers

2,994

540

3,416,765

wk42/16

666,568

2,892

559

wk43/16

wk43/16 2,672

542

2,195,057

3,163,187

Cargo loaded in banana specialized vessels (Multinational Companies) wk41/16 wk42/16

Total

wk43/16 302,246 266,418 1,626,393

645,022 3,163,187 6,003,266

wk43/16 2,195,057

645,022

666,568 3,416,765 6,249,055

645,615 3,542,435 5,684,496

wk42/16 308,274 662,173 1,195,275

wk42/16 2,165,722

wk41/16 1,496,446

Cargo loaded in banana specialized vessels wk41/16 Germany-UK-Holland 299,202 Mediterranean 572,141 Russia-Sweden 625,103

Bananas loaded in specialized reefer vessels Bananas loaded in specialized reefers vessels (Multinational Companies) Bananas loaded in container vessels Total

Bananas loaded in weeks 41/16—42/16—43/16

BANANAS EXPORTED FROM ECUADOR IN WEEK 43/16 - FROM 24 TO 30 OF OCTOBER

Page 13, Week 45/16

Page 14, Week 45/16

6pct decline in the South African market for Maersk Maersk Line recently announced the third quarter fell short of growth expectations as the South African market declined by 6% year-on-year, similar to the 5% year-on-year market contraction in the previous quarter. The main decline was within imports, which fell by 9%. Exports were more positive as a decline of 2% was recorded year-on-year – showing definite signs of stabilisation after a terrible first quarter. Fruit exports, which represents about 25% of total South African exports, declined by 5% on the back of a drought which limited citrus output.

Looking forward the projection for imports is to remain under pressure for the remainder of 2016, while exports are expected to remain relatively steady.

“We will likely see a market decline for imports in the 7-8% range, unless the rand was to strengthen considerably. Regarding exports, it is likely that the market will continue within its current stable trend and fall in the -2% to 0% growth range. Fruit exports are likely to follow in line with this trend, but there could be considerable volatility in crop output based on the unknown impact of the drought,” said Matthew Conroy, Trade Manager of Maersk Line Southern Africa.

France: Canavese Group celebrates its 40th anniversary The Canavese group – founded by the three brothers of same name, René, Jean-Pierre and Gérard, in Aubagne in 1976 celebrates its 40th anniversary this year. "This is an opportunity for us to present the future prospects of the group," said Vincent Canavese, commercial director and Christian Métadier, director general for Africa, who met this week at the group´s headquarters. Vincent Canavese took the opportunity to explain about development projects.

"We must go back to January 1st, 2015, when we regained our independence," he said in a preamble. “Making us the first wholesaler to join any network, which allowed us to consider investments and consequently, over the past two years, we have launched new products like meat, dairy and sea products."

The current expansion of our presence in several areas, especially in the South-West, is a part of our strategy, "With an already full presence in the Southeast, we now cover 60% of the province."

The company with turnover of 135 M € in 2015 also plans to adhere to the charter to reduce CO2 emissions. The latter was elaborated in 2008 by the Ministry of Ecology and the Environment and Energy Management Agency (ADEME). "We want to act for the environment, and for the benefit of our products, which come directly from the soil."

"We have created producers' organizations, the Maraîchers du Midi, based on local products, while establishing ourselves in Africa - Côte d'Ivoire (bananas and pineapples) and Morocco (citrus fruits). We also have a strategy to diversify our distribution business, around organic and fair trade products. People want to consume local, which is part of our culture," said Christian Métadier. Our know-how regarding how to ship fruits was our strength in the South-East, and today we are the only ones to bring bananas to the port of Marseille, to the tune of 35,000 tons per year. ' The secret of this success according to Gérard Canavese, CEO, is that the family group has “adapted and anticipated the requirements of the market to meet and satisfy its customers."

Vincent Canavese confirmed by adding: "The Company adapts constantly, our business changes every five years." For twenty years, the market has scaled up, while we are now returning to local products.

We do not deal with a small producer and a commercial producer in the same way; we need both, to secure the volumes while developing the quality supply around each of them in particular. The traditional market has stagnated; we believe that when the market is better organized, organic products will be more accessible."

Canarian banana producers pay tribute to Alonso Arroyo The banana sector of the Canary Islands, with the Asociación de Organizaciones de Productores de Plátano de Canarias (Asprocan), on November 7th paid tribute to the career of former councilor Alonso Arroyo Hodgson and his work on behalf of the primary sector of the archipelago.

This event was attended by producers from all Canarian producers' organizations, together with representatives of the producer organizations of France and Portugal, representatives of the Ministry of Agriculture and Fisheries, Food and Environment, of the Government of the Canary Islands and Tenerife and La Palma, among others.

The event was attended by the president of the Association of European Producers Banana and Plantain, Laurent de Meillac, and the president of Asprocan, Henry Sicilia, among others.

During the event the work and achievements of Alonso Arroyo’s professional career were highlighted.

The president of Asprocan presented the Golden Badge of Plátano de Canarias to Alonso Arroyo and praised "his knowledge and experience have been key to inspiring the banana sector to improve its production and marketing strategies."

The president of the Association of Banana and Plantain Producers, Laurent de Meillac, also congratulated him on behalf of the producers from Europe, highlighting Alonso Arroyo's skills, effort and work on behalf of the banana sector.

Page 15, Week 45/16

Ecuador: Noboa gives up sixth presidential nomination in Ecuador On November 10th Ecuadorian banana businessman Álvaro Noboa withdrew his candidacy from Ecuador's presidential elections where he was running for the 6 th time and asked other opposition candidates to unite in a single candidacy to defeat the ruling party in the upcoming elections.

Current president Rafael Correa, who has won three presidential elections since 2007 also refused to take part in the next elections, however his party will have another presidential candidate.

Pest resistant banana developed in Brazil A new banana variety, developed in Brazil has been marketed recently. Known as the Belluna variety, it offers more resistance to the major diseases of bananas, so it promises to be a profitable alternative for producers.

"We have three diseases that affect bananas in Brazil and in the world, which is Yellow Sigatoka, Black Sigatoka, and Panama disease. Belluna is resistant to Yellow Sigatoka and Panama disease, and is moderately resistant to the Black Sigatoka. In terms of resistance, it has full advantage of the varieties that are on the market today, "said Edson Perito Amorin, head of the breeding program of the Brazilian Agricultural Research Corporation (Embrapa).

The results were reached after almost 15 more years since the research started. Epagri received the first seedlings in the 1990s for testing on various rural properties in Brazil.

These tests for genetic improvement were done in partnership with Embrapa. The new variety has already been registered with the Ministry of Agriculture and can already be sold on the market.

Due to its resistance, the Belluna banana can be grown organically, without the use of pesticides. Producer Aldo Zanin has one hectare planted in Siderópolis, but he is planning to increase the planted area.

Samskip lightweight container at Intermodal Europe 2016 Samskip announced that it will put a lightweight container with the recently introduced innovative composite container floor and tailor rolled blanks on display at the Intermodal Europe 2016 in Rotterdam As announced earlier this year, Samskip has developed the new flooring system in partnership with Guangdong-based CIMC ECO New Material Development Co. Ltd. To date it has been used within a series of around 500 45ft dry cargo containers, delivered since November 2015.

The company invited clients and suppliers to see this container at the Intermodal Europe 2016 which will take place at the heart of the container, transport and logistics industry, Ahoy, Rotterdam between 15-17 November 2016.

UK eyes expansion of Dominican agro exports Agriculture minister Ángel Estévez on November 8 received an United Kingdom official delegation to establish bilateral exchange, export local products and strengthen Dominican Republic's production systems.

The British parliamentary and trade mission expressed an interest in bolstering ties and training for the country's technical staff, to increase exports of products such as bananas, mangoes and other items, as well as strengthening the Dominican sanitary systems.

In the British delegation figured Gareth Johnson, Lord Bruce of Bennachie, Sir David Amess, Rosie Cooper, Baroness Gloria Hooper, and Matthew Webb from the British Embassy in the country, as well as Nicole Jacobo and Gustavo Sosa, representing Dominican ambassador in Great Britain, Federico Cuello.

"The commission made several visits to rice, banana and other crops, highlighting the quality of the national production and appreciating a perfect scenario to open the doors to negotiations and exchanges with domestic producers to bring local products to the UK, especially those which they cannot produce," Estévez said.

"It's important for local authorities to make our country healthy in terms of production, in compliance with the provisions of President Danilo Medina to prepare the national agricultural sector to be a source of foreign exchange earnings, with a special emphasis on national quality," the Agriculture Minister said in a statement.

www.lsrc.it

Page 16, Week 45/16

Acquisition strengthens Eimskip’s Nordic network Eimskip will acquire the Norwegian short-sea operator Nor Lines, the latest purchase by the Icelandic container line, which has made expansion via acquisition a key goal.

Eimskip will pay 15 million euros ($16.6 million) for the company, but that figure could rise or fall depending on how Nor Lines performs through the rest of 2016. Nor Lines has an estimated annual turnover of 200 million euros.

“Nor Lines is a strategic fit in Eimskip’s core market and the overall transaction is asset-light,” Eimskip said in a statement.

The company described operations at Nor Lines in the last few years as “challenging” and said it intends to restructure Nor Lines, while synergies from the merger will help Eimskip to realize a 6 percent to 8 percent margin on earnings before interest, taxes, depreciation, and amortization in the Nor Lines segment.

Nor Lines has seven ships operating on three different trade lanes to Norway, and Eimskip will assume control over five of the vessels, which Eimskip said will strengthen its network between Norway, continental Europe, and the Baltic Sea. Of the five ships, one will be owned and the rest chartered. Eimskip will also pay Nor Lines 8 million euros for the ship Nordkinn.

In addition to filling its own ships, Nor Lines sells space on the 11 vessels of Hurtigruten, a liner active along Norway’s western and northern coast.

Nor Lines also has an extensive landside network in Norway of 60 terminals, with 14 operated by the company and the remainder run by agents. Nor Lines’ landside service network consists of 450 trucks owned and operated by a third party, which provides 50 direct lines between the 14 terminals Nor Lines operates itself.

Eimskip also touted the work Nor Lines has done to make rail a larger component of its service routes.

“The acquisition of Nor Lines is a large step in widening the service scope and strengthening the current services of Eimskip in Norway,” said Gylfi Sigfusson, president and CEO of Eimskip. “The transaction is a part of Eimskip’s accretive strategy of external growth and will further strengthen the company’s liner services in Norway.”

The deal is subject to the regulatory approval of Norway’s competition authorities and will close in the first quarter of 2017 after that approval is granted.

Eimskip in October acquired Extraco Internationale Expedite, the company’s second acquisition of a reefer forwarder operating near Rotterdam in two years.

Second-quarter earnings before interest, tax, depreciation, and amortization jumped almost 22 percent to 16.2 million euros ($18.1 million) from 13.3 million euros a year earlier for a first-half increase of 6.7 million euros to 25.6 million euros. However, revenue dipped by 500,000 euros in the April-to-June period to 126.1 million euros, as a 9.1 percent rise in North Atlantic liner volume was offset by lower freight forwarding sales to leave first-half revenue unchanged at 239.4 million euros.

The company’s third quarter earnings have not yet been released.

Mexico: 80% of bananas from Tabasco are exported to Europe The National Council of Banana Producers said that Tabasco's fruit exportation would have no problem in the case of a revision of the Free Trade Agreement (FTA) with the United States, since 80% of the production is sent to European countries.

According to market watchers, the average price for the box of bananas to be exported from Tabasco is around US$8.00 per box FOB. Mexico’s bananaThe president of the organization, Adrián Prats Leal, explained that in the case of growing states Chiapas, which does export more to the American Union, the importing and exporting companies would reach satisfactory agreements.

In an interview, he commented that the constant occupation of the producers is to maintain the quality to conquer more markets, so that about 70 containers are sent abroad from Tabasco every week.

Meanwhile, he said that Chiapas has larger volumes, sending about 150 containers of bananas per week.

The goal of this year, he said, is to reach, in Tabasco, shipments for five million boxes and to date around four million are shipped.

He pointed out that some producers export 20 percent of their production and it is desirable to raise it to more than 50 percent to achieve a greater benefit in terms of taking advantage of the rise of the dollarpeso parity. He added that the lack of use of the port of Dos Bocas to export banana production is because the importers work with different shipping companies.

Therefore, he mentioned that they first would have to agree among themselves to make it attractive for a shipping company to sail from Dos Bocas with at least 100 containers weekly.

Page 17, Week 45/16

Ecuador joins EU trade agreement with Colombia, Peru Ecuador on November 11 signed a free trade deal with the European Union (EU), joining its free trade agreement with Colombia and Peru.

The protocol of accession was signed at a ceremony by EU trade commissioner Cecilia Malmstrom, Slovak Economy Minister Peter Ziga, whose country is holding the rotating presidency of the EU, and representatives from Ecuador, Colombia, and Peru.

The deal now needs the consent of the European Parliament and is expected to be provisional implemented from Jan. 1, 2017.

The agreement will eliminate tariffs for all industrial and fisheries products, increase market access for agricultural products, improve access to public procurement and services, and further reduce technical barriers to trade, the European Commission said in a statement.

The EU said the deal will benefit all parties' main exports. These include automobiles, alcoholic beverages and dairy products on the EU side, and fisheries, banana, cut flowers and cacao on the Ecuadorian side.

Once fully implemented, the savings for EU exporters will be at least 106 million euros (115 million U.S. dollars) in tariffs annually, and Ecuadorian exports will pay up to 248 million euros less in duties.

However, the tariff-cuts will be implemented only gradually over 17 years, with the EU liberalizing almost 95 percent of tariff lines upon entry into force, and Ecuador about 60 percent.

Meanwhile, the benefits for the EU will be significant. For example, the EU agriculture sector will benefit from increased market access for its products, as well as from the protection of about 100 EU geographical indications on the Ecuadorian market.

Gains can also be expected for the EU in specific sectors, including new market access for cars and machinery.

In 2015, the EU was Ecuador's second largest trading partner while Ecuador was the EU's 60th trading partner, with 13.2 percent and 0.1 percent respectively of each other's external trade. The volume of EU-Ecuador trade reached 4.5 billion euros in 2015.

The EU's trade agreement with Colombia and Peru was signed in June 2012. It has been provisionally applied with Peru since March 1, 2013 and with Colombia since Aug. 1, 2013. Ecuador suspended its participation in the negotiations for the initial agreement in 2009. Negotiations to access the agreement resumed in January 2014 and were concluded in July 2014.

APL announced launch Colombia Bridge Express (CBX) Service Via APL global linehaul services at the key transshipment hubs of Cartagena and Kingston, the new CBX service will enable reliable cargo movements between Asia, the Caribbean and the United States East Coast.

“As one of the most connected transshipment ports in the Caribbean, Cartagena and Kingston are central to the design of the new CBX service. Through the two transshipment hubs, the CBX service will offer our customers high levels of connectivity and added assurance of reliability via APL’s dedicated connecting services to key ports of Asia and the United States. Complemented by our strong reefer capabilities, this new service will enhance APL’s Latin America trade coverage and enable us to serve our customers more comprehensively,” said Efrain Osorio, APL Regional Director of Latin America & Caribbean Trade.

The new CBX service, which calls the ports of Kingston, Cartagena, Barranquilla and Santa Marta, will commence its first sailing from Cartagena on 11 November 2016. Hapag-Lloyd Sets Up North Europe – South America West Coast Service.

Panama: Government and FDP yet to sign an agreement The Minister for the Presidency in Panama, Alvaro Aleman, has announced that negotiations with Fresh Del Monte Produce for the resumption of banana growing activities in the Baru area, in Chiriqui province, are still ongoing, in spite of the fact that an agreement was expected by July 2016. It is understood that an article in the constitution prohibits foreign companies from purchasing land from the State. As such, the government and Del Monte are evaluating a possible solution so that the company can have access to land in the area without contravening the constitution.

This includes the possibility that Del Monte purchases land from workers from former cooperative Coosemupar. Del Monte is planning to carry out investments of around USD 100mn (EUR 89.03mn) over a period of seven years to resume banana growing operations in Chiriqui.

Page 18, Week 45/16

FDP shares 45.0% up since mid March 2016 In approximately 8 months, Fresh Del Monte Produce has returned 44.95% as of November 11 price of $61.22.

In the past 52 weeks, Fresh Del Monte Produce share prices have been bracketed by a low of $36.07 and a high of $66.26 and are now at $61.22, 70% above that low price. The 200-day and 50-day moving averages have moved 0.40% higher and 1.25% higher over the past week, respectively.

Banana boss's firm favourites prove to be fruitful when it comes to audits Carl McCann must really rate auditor KPMG and law firm Arthur Cox. The Total Produce chairman employs both companies to provide advice at the listed fruit and veg distribution firm.

Last year KPMG bagged €703,000 in fees from Total Produce, a spin-off of famed banana brand Fyffes, including €293,000 for assorted bits of advice that were not connected to the audit. Two of the four nonexecutive directors on Total Produce's board are former KPMG partners Seamus Taaffe and Jerome Kennedy. Both sit on the firm's audit committee.

The McCanns are big property players, especially in Dublin city centre. They are involved at Delfino Property, which mopped up properties including Dolphin House in Smithfield and spent €5m on a property last year. Delfino is owned by the McCanns and Walter Coakley's family. Arthur Cox and KPMG have been advising Delfino.

In fact, KPMG audits myriad McCann companies, including Fyffes.

German shipping major Hapag-Lloyd plans to launch the SW Service The company said it will consolidate all its present services from North Europe to South America West Coast.

The new SW Service is planned to commence on February 8, 2017, in Valparaiso, Chile, with the northbound departure of M/V Valparaiso Express.

The first southbound sailing is expected to begin on March 7, 2017, in Rotterdam, with the same vessel. Hapag-Lloyd said it will operate four out of nine ships with a capacity of 10,500 TEUs and 2,100 reefer plugs each.

In addition, the new SW Service will deploy two feeder vessels covering Paita in Peru and Guayaquil in Ecuador, synchronized with the mainline vessel in Buenaventura, Colombia.

The new service will call the ports of Rotterdam (Netherlands), London (United Kingdom), Hamburg (Germany), Antwerp (Belgium), Le Havre (France), Caucedo (Dominican Republic), Cartagena (Colombia), Manzanillo, PA (Mexico), Buenaventura (Colombia), Guayaquil (Ecuador), Paita, Callao (Peru), Puerto Angamos, Valparaiso (Chile).

Philippines, Japan ink pact on industrial cooperation The Philippines and Japan have entered into a pact to further boost cooperation on the industrial front.

Likewise, the country is working on ways to enhance agricultural exports to Japan by calling to scrap tariffs and quotas under the Philippine Japan Economic Partnership Agreement (PJEPA).

Trade Secretary Ramon Lopez said a Philippine-Japan Industrial Cooperation Action Plan (ICAP) has been signed during President Duterte’s state visit in Tokyo.

Lopez also said the Philippine government during the State Visit has requested to further reduce or eliminate tariff in the country’s banana exports to Japan under the PJEPA. “We will try to work on possible reduction or elimination of tariff on bananas,” he said.

Lopez said the Philippines currently supply about 86 percent of Japan’s banana imports. He said Philippine banana exports to Japan are subject to seasonal tariff of two percent from April to September and 18 percent from October to March.

PJEPA was signed in 2006 and came into effect in 2009. The Department of Trade and Industry said economic relations between Japan and the Philippines strengthened with the signing of the agreement.

Page 19, Week 45/16

Visit our photo gallery FOLLOW: sopisconews On Instagram

THIS NEWSLETTER IS PUBLISHED WEEKLY BY NOVA MEDIA PUBLISHING INC., PANAMA / AND SENT WORLDWIDE EXCLUSIVELY FOR THE CONFIDENTIAL USE OF THE SUBSCRIBERS. COPYRIGHT 1995 BY NOVAMEDIA PUBLISHING INC., FACTUAL MATERIAL IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, BUT THE PUBLISHER IS NOT RESPONSIBLE FOR ERRORS OR OMISSIONS CONTAINED HEREIN. RIGHTS OF REPRODUCTION AND DISTRIBUTION ARE RESERVED TO THE PUBLISHER. THIS PUBLICATION IS PROTECTED BY COPYRIGHT . REPRODUCTION BY ANY MEANS - INCLUDING PHOTOCOPYING, FAXING OR ELECTRONIC DATA CAPTURE AND TRANSMISSION - FOR ANY PURPOSE OTHER THAN FOR THE PERSONAL USE OF THE REGISTERED SUBSCRIBER IS ILLEGAL. THE PUBLISHERS RESERVE THE RIGHT TO CEASE SUPPLYING THE PUBLICATION WHERE INFRINGEMENT OF COPYRIGHT IS EVIDENT AND TO TAKE LEGAL ACTION FOR DAMAGES. FOR SUBSCRIPTIONS AND ADVERTISEMENT PLEASE CONTACT NOVA MEDIA PUBLISHING INC., PANAMA / ADMIN@NOVAMEDIA.WS / VISIT OUR WEB SITE : www.sopisconews.com - Anno XXII

Page 20, Week 45/16 Maersk Group Trade Report / Q3 2016 / SOUTH AFRICA

LOW SA IMPORTS BOOST TRADE SURPLUS, BUT HINDER CONTAINER TRADE PERFORMANCE Despite a slightly stronger rand, the expectations that the container market would experience growth during the third quarter have not been realised. This is according to the 2016 Q3 Maersk Trade Report, which reveals that the market has declined by 6% year-onyear, similar to the 5% year-on-year market contraction that was reported in the previous quarter.

Matthew Conroy, Trade Manager of Maersk Line

Southern Africa, says that the main decline has been seen in imports, which have declined by 9%, specifically imports from the country’s largest trade lane, Asia, which declined by 14%.

“The decline is linked to South African consumers purchasing less consumables, which are imported in containers, such as auto, retail and electronic goods,” says Conroy.

Page 21, Week 45/16 Maersk Group Trade Report / Q3 2016 / SOUTH AFRICA

He explains that general demand for these products has remained relatively weak despite the somewhat stronger rand which makes imports less expensive.

“The stronger rand has unfortunately not triggered any notable ‘restocking efforts’ to boost imports.”

While this weak consumer demand, which has resulted in relatively low import levels, has not been conducive to container trade, Conroy acknowledges that it has contributed positively to the country’s recent trade surplus, as was announced earlier this week by the South African Revenue Service (SARS).

He adds that the picture for export container trade is slightly more positive, with the market only having declined by 2% year-on-year – parallel to the decline reported in the previous quarter. “This means that while the market is still not growing, there are definite signs of stabilisation after a terrible first quarter.

“Mining commodities such as chrome and manganese continue to move at a steady pace based on demand from China and improved price levels, but not at robust levels. Fruit exports, which represents about 25% of total exports and has a high value, declined by 5% on the back of the drought which limited citrus output,” he accounts.

Looking forward, Conroy says that the projection for imports is to remain under pressure for the rest of the year, while exports are expected remain relatively steady. “We will likely see a market decline for imports in the 7-8% range, unless the rand was to strengthen considerably. Regarding exports, it is likely that the market will continue within its current stable trend and fall in the -2% to 0% growth range.

Fruit exports are likely to follow in line with this trend, but there could be considerable volatility in crop output based on the unknown impact of the drought.”

“We will likely see a market decline for imports in the 7-8% range, unless the rand was to strengthen considerably.

Regarding exports, it is likely that the market will continue within its current stable trend and fall in the -2% to 0% growth range. Fruit exports are likely to follow in line with this trend, but there could be considerable volatility in crop output based on the unknown impact of the drought.”

Matthew Conroy, Trade Manager of Maersk Line Southern Africa

About Maersk Group: ■ The Maersk Group is an integrated transport & logistics company with multiple brands and is a global leader in container shipping and ports. Including a stand-alone Energy division, the Maersk Group employs roughly 88.000 employees across operations in 130 countries.

About Maersk Line: ■ Maersk Line, the global container shipping division of Maersk Group, is the world’s largest container shipping company which services customers through 324 offices in 115 countries. The Group is known for reliable, flexible and eco-efficient services.

■ The Southern Africa office was established in 1992, with the head office situated in Cape Town and branch offices in Port Elizabeth, Durban, East London and Johannesburg. Globally Maersk Line employs 7,600 seafarers and 23,200 land-based employees and operate 590 container vessels.

■ Maersk Line has reduced its CO2 emissions by 42% since 2007 and aims to reduce 60% of CO2 emissions per container by 2020.

See more trade reports from South Africa on www.maersk.com/trade-reports-South-Africa Also see all trade reports from Africa on www.maersk.com/trade-reports-Africa