| Banana supply headaches fuels Russian-Latin American talks |
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Date:2022-11-29 Readers:
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FESCO, one of Russia's largest transport companies, declared it was in negotiations to establish a shipping route between Russia and Latin America to get more bananas from Ecuador, reports Reuters.
The West has imposed sanctions against Russia over its actions in Ukraine, while the world's three largest container shipping lines, Denmark's Maersk, France's CMA CGM, and Swiss-based MSC, have suspended bookings to and from Russia.
"We are currently holding negotiations with our partners - retailers who are interested in restoring lost routes," said Fesco chairman Andrei Severilov.
Mr Severilov declared the key problem was the lack of a large capacity fleet.
Fesco plans to buy ships with twice the capacity of those it has today, up to 7,000 TEU.
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