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MAJOR SETBACK : EURO Market bans Indian mangoes, eggplant

March 26th, 2014






Five categories of produce from India will be banned in the European market following serious concerns about high levels of contamination, mainly from non-European fruit flies.










The ban, set to take place in May, will include mangoes, eggplants, the taro plant and two types of gourd, an EU release announced today.







The “emergency measures” come after a meeting among member states in Brussels just a few hours ago.





“The measures prohibit the import of some fruit and vegetables from India to tackle the significant shortcomings in the phytosanitary certification system of such products exported to the E.U.





“This decision had to be taken due to the high number of such consignments being intercepted at arrival in the E.U. with quarantine pests, mainly insects, like non-European fruit flies,” the release said.




“Though the prohibited commodities represents less than 5% of the total fresh fruits and vegetables imported into the E.U. from India, the potential introduction of new pests…

Hapag-Lloyd hit by weak market in 2013

CONTAINER: 

Continued heavy competition in the container market along with a slower growth hit Hapag-Lloyd in 2013, says Chairman Michael Behrendt. The carrier noted a declining revenue and a total deficit of EUR 97.4 million last year.




BY KATRINE GRØNVALD RAUN AND RITZAU FINANS
Published 26.03.14 at 10:07







The Chairman of German Hapag-Lloyd, Michael Behrendt, is far from satisfied with the container carrier's performance in the past year. 


Hapag-Lloyd was hit by a declining revenue and a total deficit of EUR 97.4 million in 2013, according to the company's annual report, published on Wednesday.




Revenue came to EUR 6.57 billion, compared to EUR 6.84 billion in 2012, while the deficit of almost EUR 100 million marks an improvement over 2012, which finished with a deficit EUR 128.3 million. 




The result was caused by the heavy competition on the routes, among other factors, says Michael Behrendt in the annual report:


"The rates across all trades were equally affected by aggressive c…