Thursday April 9, 2020

Fyffes takes €7m loss on shipping firm

A Dutch shipping venture partly owned by Fyffes has filed for bankruptcy, forcing the Irish fruit importer to take a €7 million loss on its investment.

13th September, 2008

A Dutch shipping venture partly owned by Fyffes has filed for bankruptcy, forcing the Irish fruit importer to take a €7 million loss on its investment.

The move followed the collapse of Dutch shipping firm Europe West Indies Lines (EWL), a Rotterdam-based shipping business, which Fyffes had teamed up with last year to run a trans-Atlantic shipping service bringing Fyffes fruit to Europe.

The venture ran into difficulty shortly after its launch, when the ship...

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