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TMM AND FRESH DEL MONTE PRODUCE INVESTOR GROUP TO FORM NEW COMPANY

 MEXICO CITY, July 27 /PRNewswire/ -- Transportacion Maritima Mexicana (NYSE: TMM/TMM.A), today announced plans to form a joint venture with the shareholders of Fresh Del Monte Produce, N.V. The new shipping company will specialize in the worldwide transport of refrigerated products.
 The new shipping line will be known as "Global Reefer Carriers" and will be formed by TMM and the investor group that acquired Fresh Del Monte Produce. Its principal objective will be to support the marketing of Del Monte's products, by increasing productivity and lowering maritime transportation costs. TMM will operate and manage the association.
 Global Reefer Carriers will operate as a profit center by offering its transport services for perishable produce and other cargoes to third parties.
 The initial capital of Global Reefer Carriers will be $20 million. Fifty-one percent will be contributes by the existing Fresh Del Monte shareholders and 49 percent by TMM.
 In the future, TMM plans to take advantage of its experience by creating companies to transport perishable produce by land and operate ports in Mexico.
 -0- 7/27/93
 /CONTACT: Pedro Mejorada of TMM, 011-525-606-0444, or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, for TMM/
 (TMM)


CO: Transportacion Maritima Mexicana ST: IN: TRN SU:

TM-SM -- NY100 -- 6489 07/27/93 18:01 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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