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NEWS FLASH: CMA CGM reports $100m loss in Q1
















The French ocean carrier transported 3 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.








By Chris Dupin |Friday, May 20, 2016




Ocean carrier CMA CGM reported a loss of $100 million in the first quarter of 2016 compared to a profit of $406 million in the first quarter of 2015. Core earnings before interest, taxes, disposals and impairment charges totaled $3 million in the first quarter of this year compared to $406 million in the first quarter of 2015. 




The loss came as the third largest container liner company saw revenues for the quarter tumble 15.3 percent year-over-year to $3.4 billion. 





Revenues fell even though the company carried 3.2 million containers in the first quarter, 2.9 percent more than the 3.1 million containers if carried in the first quarter of 2015, due to average revenue per TEU falling 17.6 percent.

http://www.americanshipper.com/Main/ASD/CMA_CGM_reports_100m_loss_in_Q1__64115.aspx








Shipping group CMA CGM targets $1 billion savings in tough market




PARIS (Reuters) – France’s CMA CGM, the world’s third-largest container shipping firm, reported on Friday a first-quarter net loss and said it aimed to cut costs by nearly $1 billion (0.68 billion pounds) to maintain positive operating margins in a market downturn.

The company posted a net loss of $100 million, compared with a $406 million net profit in the same period of last year, it said in a statement.

Core operating profit fell to $3 million, also from $406 million a year ago, while sales declined by 15.3 percent to $3.4 billion.

Increased volumes, which rose 2.9 percent, and an unspecified fall in unit costs partly offset weak freight rates and helped it achieve a positive operating margin of 0.1 percent.

(Reporting by Gus Trompiz)






http://www.euronews.com/business-newswires/3196373-shipping-group-cma-cgm-targets-1-billion-savings-in-tough-market/






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THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
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Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…