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Fresh Del Monte and CMA CGM Shift to Containerized Banana and Pineapple Routes, Raising Cold Chain Standards in Asia

1. FDP partners with CMA CGM for containerized shipping of bananas and pineapples. 2. This new service targets exports from the Philippines to Japan and South Korea.

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FAQ

Why Bullish?

The partnership enhances FDP's logistics efficiency and expands market reach, similar to successful shipping collaborations in the past, such as Dole's partnerships which boosted revenues significantly.

How important is it?

The new shipping service directly impacts FDP's export capabilities and operational efficiencies, likely leading to increased sales and market presence in Asia.

Why Long Term?

Sustained improvements in logistics can lead to consistent revenue growth over time, as seen with other companies that streamlined shipping operations.

Related Companies

CMA CGMDOLESFM
CORAL GABLES, Fla. & MARSEILLE, France--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), a global leader in fresh produce, has announced a new partnership with the CMA CGM Group, a global player in sea, land, air and logistics solutions, to introduce containerized shipping service for fresh banana and pineapple exports from the Philippines to Japan and South Korea. The collaboration marks a significant departure from traditional breakbulk shipping methods, ushering in a new era of qua.

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