Banana merger puts pressure on reefer ships

The merger between two of the world's largest banana companies, Fyffes and Chiquita, could impact carriers, as the companies are looking to cut their shipping costs by reducing the number of fruit shipments.

US-based company Chiquita, known in particular for the banana brand of the same name, and Irish fruit company Fyffes announced a merger agreement back in March of this year to create the largest banana company in the world.

This merger has now been approved by the EU's competition authority, according to Bloomberg News.

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