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| An estimated 50 containers of rice to be exported have been delayed in Guyana as a major international shipping line runs into financial troubles.Europa West-Indië Lijnen B.V.(EWL) went into receivership last Friday, confirmed Bernie Fernandes, Marketing Director of John Fernandes Limited, which is the local agent for the line.John Fernandes Ltd is moving to make arrangements to ensure that the rice does not stay too long in the country because of market commitments. Two such options being examined are the CMA-CGM and ZIM shipping lines.Many of the containers hold rice milled by Mahaicony Rice Mills which recently had to contend with the suspension of its milling and export licences for two weeks.Of slight worry to the company now are the containers in transit to Guyana but by tomorrow, John Fernandes is hoping that a definitive word on the situation would be known as a number of meetings has been arranged.About 20 other containers scheduled to be shipped using EWL have also been affected.EWL, according to Fernandes, represents a significant part of the income for John Fernandes.It was unclear how much of an effect on local trade the EWL receivership will have.But with rice markets overseas heavily dependent on a stable supply, exporters will have to further negotiate with irate buyers who are already contending with high prices. EWL had expanded its operations to seven vessels offering sailings between Europe and Suriname, Guyana, Trinidad,Cheap Jerseys From China, Barbados, Curaçao, Aruba, Venezuela, Colombia, the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras Belize and Nicaragua. |
