JUPITER
SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Thursday June 30, 2022.
Today’s Forex Rates : Source –
The Economic Times
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
78.97 |
0.201202 |
0.255434 |
78.85 |
78.7688 |
78.85- 78.98 |
|
|
1.0519 |
-0.0004 |
-0.038007 |
1.0523 |
1.0523 |
1.0486- 1.0536 |
|
|
95.9814 |
-0.654999 |
-0.677797 |
96.2148 |
96.6364 |
95.9814- 96.4106 |
|
|
83.0242 |
-0.402603 |
-0.482582 |
82.9695 |
83.4268 |
82.8053- 83.1993 |
|
|
136.467 |
0.266998 |
0.196034 |
136.20 |
136.20 |
135.772- 136.589 |
|
|
1.216 |
-0.0034 |
-0.278833 |
1.2194 |
1.2194 |
1.2142- 1.2213 |
|
|
104.533 |
0.027 |
0.025836 |
104.461 |
104.506 |
104.356- 104.698 |
|
|
0.5785 |
-0.0003 |
-0.05184 |
0.5794 |
0.5788 |
0.5782- 0.581 |
:: Sea Cargo News ::
New container service launches between Russia and India
MODUL, a Russian transport and forwarding company, has launched a
new container service linking the Big Port of St. Petersburg in Russia and the
largest port of India in Nhava Sheva.
"The shortage of container
tonnage in the Baltics that we have seen in recent months has led to a
disruption in international deliveries throughout the North-West of Russia.
We expect that the new service
from Petrolesport to India will be in demand, both in import and export,"
commented Albert Likholet, CEO of Global Ports, the operator of Petrolesport.
"We are pleased to start a
new chapter in the history of Modul by launching a pilot project of a direct
container service between Russia and India," said Alexander Altshuller,
CEO of MODUL.
"We are in the process of
significantly expanding the fleet of our own containers with a view to using
this equipment on the announced route as well as on other routes planned to be
launched later," he added.
A rare spat between Adani and Kotak Mahindra groups over
bankruptcy process of Karaikal port
A bankruptcy court in Chennai
has imposed a Rs5 lakh fine on Phoenix ARC Pvt Ltd while dismissing an
application brought by the asset reconstruction company part-owned by the Kotak
Mahindra Group seeking to reverse the insolvency resolution process initiated
in April against Karaikal Port Pvt Ltd. In the application, Phoenix ARC alleged
a conspiracy between an Adani Group company, another asset reconstruction
company, and the corporate debtor to “fraudulently” initiate the resolution
process.
The Chennai-bench of the
National Company Law Tribunal (NCLT) started insolvency resolution process
against the private port located in Puducherry promoted by Marg Ltd on 29 April
on a petition brought by Omkara Assets Reconstruction Pvt Ltd (Omkara ARC)
seeking to recover unpaid dues of Rs2,804.56 crores. Karaikal Port Pvt Ltd also
owes Rs91.98 crore in unpaid dues to Phoenix ARC, which is 49.9% owned by Uday
Kotak-led Kotak Mahindra Group and its largest single shareholder.
Adani Enterprises, 10 others show interest in coal import
tenders of Coal India
Adani Enterprises, Mohit Minerals, and Chettinad Logistics are
among the eleven coal importers to have shown interest in the bidding for coal
import tenders led by Coal India (CIL).
During the pre-bid meeting, the
interest bidders requested amendments in narrowing the time window of the bid
price validity from 90 days to 60 days.
In its regulatory filing on
Tuesday, Coal India announced a total of eleven coal importers joined the session
with the company's officials.
The prominent Indian agencies
among them were Adani Enterprises Limited, Mohit Minerals, and Chettinad
Logistics Private Limited. A couple of coal exporting agencies from abroad also
have shown interest including one from Indonesia.
Also, Coal India said important amendments in
the tender that the bidders requested were, narrowing the time window of the
bid price validity from 90 days to 60 days.
Coal India, the largest coal
producer in the world, held a three-day pre-mid meeting from June 14 to June 17
with prospective coal importing agencies evincing interest in pitching in, in
the three international competitive bidding e-tenders that the company had
floated earlier in the month for import of coal.
Adani Group to further expand footprint in Sri Lanka:
Reports
The Adani Group plans to further
expand its operations in Sri Lanka through Adani Green Energy Limited (AGEL)
which bagged a 500 MW wind and solar plant project. Another group company has
bagged a container terminal project at the Colombo port, the Sri Lankan media
reported citing documents.
A letter sent in November last
year by the Adani Group to the Lanka Government states that it plans to set up
1,000 MW renewable energy projects.
“Additionally, the Adani group
shall set up strategic projects — about 5 GW wind power projects and 2 GW solar
power projects — in Sri Lanka for export of power to India through Cross-Border
Transmission Links,” says the letter quoted by the Lankan media.
Adani Ports already has a
controlling 51 per cent shareholding in West Container International Terminal
Limited. The media said official documents showed that former PM Mahinda
Rajapaksa instructed the Ceylon Electricity Board’s then Chairman MMC
Ferdinando to recognise the project of Adani Green Energy “as a proposal from
the Indian Government to the Government of Sri Lanka, as both heads of the
countries are in agreement to realise this investment in Sri Lanka to meet the
present-day FDI crisis”.
World's biggest Cruise
Ship has no buyer, 1st voyage may be scrapyard
An unfinished mega-liner that was to be one of the world's biggest
cruise ships by capacity is sitting in a German shipyard, waiting to be
scrapped, because bankruptcy administrators can't find a buyer, according to
cruise industry magazine An Bord.
The lower hull of a liner known
as Global Dream II, the second global class vessel from insolvent MV Werften
shipyard on Germany's Baltic coast, is to be disposed of at scrap price, An
Bord reported, citing insolvency administrator Christoph Morgen.
Machinery and much of the
equipment, which had already been delivered, are to be sold, the German
magazine cited Morgen as saying at a press conference on Friday. Morgen's focus
is now on its sister ship, Global Dream, which is ready to float in the dock in
Wismar, northern Germany, the magazine said.
MV Werften's Wismar shipyard was
sold to Thyssenkrupp AG's Kiel-based naval unit, which plans to build military
vessels there from 2024 amid rising tensions following Russia's invasion of
Ukraine. Thyssenkrupp Marine Systems wants the large dock to be available by
the end of 2023, it said.
Launching this December, Antara Luxury River Cruises embarks on
the longest river journey in the world, an epic 51-day cruise along the Ganges
and the Brahmaputra. From Kashi (Uttar Pradesh) to Dibrugarh (Assam) via
Sunderbans and Bangladesh, one can now sail across 27 smaller rivers, 5 states
and 2 countries.
The 51-day cruise aboard Antara’s newest art-deco boutique ship,
Antara Ganga Vilas, is a fantastic opportunity for anyone looking to explore
South Asian culture along some of its most ancient regions and systems.
Perfect for leisure travellers, history buffs, culture
enthusiasts, and nature lovers, the cruise further allows for a hop-on and
hop-off option for those who would like to travel only on specific segments.
Commenting on this unique itinerary, a pioneer in luxury river
tourism and Founder Chairman of Antara Luxury River Cruises, Raj Singh
comments, “Each experience has been personally vetted and designed by me for
fellow enthusiastic travellers.
Traders concerned as no operator for Patenga terminal as
yet
The Chattogram Port Authority
plans to launch the Patenga Container Terminal (PCT) in July this year, but the
Ministry of Shipping has not yet finalised an operator for running the
terminal, which has led to concerns among traders. Work on this project has
reached the final stage after an extension of its implementation period several
times. It will take one and a half to two years more to reap the benefits of the
new terminal if equipment is not allocated and operators are not recruited
there soon, said the traders. Mahbubul Alam, president of the Chattogram
Chamber of Commerce and Industry, said the New Mooring Container Terminal lay
idle for several years due to a lack of equipment even after its construction
was completed.
"This should not happen
again at PCT and the authorities should make arrangements so that it comes into
use quickly. There is no alternative to starting operations at this terminal on
time to handle the growing import-export trade," he added.
::// AIR CARGO NEWS //::
Akasa Air welcomes the arrival of its first of 72 Boeing
737 Max aircraft
Akasa Air on Tuesday welcomed the arrival of the first of its 72
Boeing 737 MAX aircraft, at the Indira Gandhi International Airport, in the presence
of its leadership team. The airline received the ceremonial keys for the
aircraft at Seattle, USA on June 15.
The delivery of Akasa Air’s first aircraft
brings the airline closer to obtaining its Air Operator’s Permit (AOP), which
is required for it to launch commercial operations in the country.
Commenting on the timely arrival of the
aircraft, Vinay Dube, Founder, Managing Director & Chief Executive Officer,
Akasa Air said, “The arrival of our first aircraft is a very happy moment for
all of us and marks an important milestone, bringing us closer to our vision of
building India’s greenest, most dependable, and most affordable airline.”
“Akasa Air is a prime example of the
progress made by Indian aviation in recent years and is also a testimony to the
country’s vibrant start-up ecosystem. This is not just a significant milestone
for us and Indian aviation, but it’s the story of a new India”, added Dube.
IAG Cargo launches a new route to Portland and restarts flights to
Pittsburgh
IAG
Cargo, the cargo division of International Airlines Group (IAG), has launched a
new direct service from London Heathrow to Portland as well as restarting
flights to Pittsburgh for the first time since March 2020.
The
brand-new service to Portland operates five times a week and is the only
non-stop connection between Oregon and the United Kingdom. The restart to
Pittsburgh operates four times a week from London Heathrow and coincides with a
recent announcement to build the largest cargo facility in the history of
Pittsburgh International Airport as cargo volumes at the airport has grown
rapidly in recent years.*
The
routes will be operated by a Dreamliner B787 aircraft transporting commodities
the two countries are renowned for; beer, high-technology, and a variety of
popular fashion brands. London-Heathrow is IAG Cargo’s largest and busiest hub,
handling over 500,000 tonnes of cargo every year and these routes will be
important in facilitating the movement of trade into European and Asian markets
via its extensive network.
Pravin
Singh, Vice President Commercial, Americas at IAG Cargo commented: “In the
run up to this Summer, IAG Cargo has been launching many new services and
restarting routes into North America, Latin America, and across the globe in
order to support the needs of our customers. London Heathrow is an important
connector for North American trade, enabling access to destinations across
Europe, Middle East, and Asia, so I am pleased we are able of offer our North
American customers these opportunities”.
“We
are thrilled to have a partnership with IAG Cargo that demonstrates how
Pittsburgh – located halfway between New York and Chicago – offers an easy and
efficient shipping solution for their customers,” said Bryan Dietz, PIT’s
Senior Vice President of Air Service and Commercial Development. “We are
focused on growing our cargo operations, including two new cargo facilities, to
continue delivering world-class service to the industry.”
Embraer signs a firm contract for up to 10 Passenger to Freight
Conversions
Embraer has signed a firm
order for up to 10 Embraer E-Jets Passenger to Freight (P2F) conversions with
an undisclosed customer. Aircraft for conversion will come from the customer’s
current E-Jets fleet, with deliveries starting in 2024. This is the first firm
contract for Embraer’s P2F, being the second agreement for this kind of
operation. In May, Embraer and Nordic Aviation Capital (NAC) announced an
agreement in principle to take up to 10 conversion slots for E190F/E195F.
Embraer’s E-Jets P2F
conversions deliver segment-leading performance and economics. The E-Jets
Freighters will have over 50% more volume capacity, three times the range of
large cargo turboprops, and up to 30% lower operating costs than narrowbodies.
With more than 1,600 E-Jets
delivered by Embraer globally, P2F customers benefit from a well-established,
mature, global services network, in addition to a comprehensive portfolio of
products ready to support their operations from day one.
The conversion to freighter
will be performed at Embraer’s facilities in Brazil and includes main deck
front cargo door; cargo handling system; floor reinforcement; Rigid Cargo
Barrier (RCB) – 9G Barrier with access door; cargo smoke detection system
(class E main deck cargo compartment), Air Management System changes (cooling,
pressurization, etc.); interior removal and provisions for hazardous material
transportation.
Combining under-floor bulk
cargo and main deck, the maximum gross structural payload is 13,150kg for the
E190F and 14,300kg for the E195F. Considering typical e-commerce cargo density,
the net weights and volumes are also impressive: the E190F can handle a payload
of 23,600lb (10,700kg) while the E195F a payload of 27,100 lb (12,300 kg).
First Boeing 737-800
joins GetJet Airlines fleet
GetJet
Airlines, an IOSA approved Lithuanian ACMI and charter carrier, expands its
fleet by adding a Boeing 737-800, featuring a single economy class cabin of 189
seats. The aircraft, bearing the Lithuanian registration LY-UNO, is the only
Boeing 737 of its type to be operated by any carrier within the Baltic
countries.
Following
the Introduction of LY-UNO, GetJet Airlines has secured a further four Boeing
737-800 units into its fleet, with two aircraft slated for delivery this summer
(tail numbers LY-DUE, LY-TRE), preceding the induction of 2 more units by the
4th quarter of 2022, all of which will be available primarily for ACMI
operations to clients globally.
The
aircraft (MSN 33801), manufactured in 2004, entered commercial service
utilizing the Lithuanian carrier’s call sign on the 25th of June 2022,
operating flights between Vilnius and Heraklion.
‘GetJet
Airlines has historically incorporated Boeing aircraft as an integral part of
our fleet strategy, having performed our first ever commercial flight on a 737
Classic back in 2016.
Today,
we are proud to introduce the Boeing 737 NG an aircraft that will serve our
valued ACMI clients worldwide. After taking delivery of our first of five
737-800 units, GetJet Airlines is poised to deliver the capabilities our
clients need to capitalise on this surge in summer demand and beyond,’ comments
Rita Kulvinskait, GetJet Airlines CEO.
Airbus increases its UK innovation footprint to develop new hydrogen
technologies
Airbus
is strengthening its presence in the UK with the launch of a Zero Emission
Development Centre (ZEDC) for hydrogen technologies.
A
priority for the UK ZEDC will be the development of a cost-competitive
cryogenic fuel system required for the successful entry-into-service of Airbus’
ZEROe passenger aircraft by 2035 and to accelerate UK skills and know-how on
hydrogen-propulsion technologies.
The
UK ZEDC will benefit from the recent commitment by the UK Government to
guarantee £685 million of funding to the Aerospace Technology Institute (ATI)
over the next three years to support the development of zero-carbon and
ultra-low-emission aircraft technologies.
“Establishing
the ZEDC in the UK expands Airbus’ in-house industrial capabilities to design,
develop, test and manufacture cryogenic hydrogen storage tanks and related
systems for the ZEROe project across Airbus’ four home countries.
This,
coupled with our partnership with ATI, will allow us to leverage our respective
expertise to realise the potential of hydrogen technology to support the
decarbonisation of the aviation industry,” said Sabine Klauke, Airbus
Chief Technical Officer.
Technology
development at the new UK ZEDC, to be based in Filton, Bristol, has already
started and will cover the full product capabilities from components up to
whole system and cryogenic testing. End-to-end fuel systems development, a
speciality of Airbus in the UK, is one of the most complex technologies crucial
to the performance of a future hydrogen aircraft.
The
ZEDC complements Airbus’ existing Research and Technology footprint in the UK,
as well as the work on cryogenic liquid hydrogen tanks being done at Airbus’
existing ZEDCs in Madrid, Spain and Stade, Germany (composite structure
technologies) and in Nantes, France and Bremen, Germany (metallic structural
technologies). All Airbus ZEDCs are expected to be fully operational and ready
for ground testing with the first fully functional cryogenic hydrogen tank
during 2023, and with flight testing starting in 2026.
With
this new facility, Airbus reaffirms its long-term commitment to remain a major
player in Britain’s world-leading aerospace ecosystem, working with the Jet
Zero Council to drive forward research in the sector, supporting green jobs and
helping the UK meet its ambitious net zero targets.
The
launch of the UK ZEDC follows the opening of the £40 million AIRTeC research
and testing facility in Filton in June 2021, jointly funded by the ATI and
Airbus, to deliver the next generation of aircraft wing, landing-gear systems
and fuel system designs.
I reckon you
have found this information useful. Have a nice day!
Courtesy :
CAN, CFG & ISN.
Hope
you enjoyed reading the news. Have a nice day.
Thank
you and kind regards
Robert
Sands, Joint Managing Director
Jupiter
Sea & Air Services Pvt Ltd
Tel :
+ 91 44 2819 0171 / 3734 / 4041
Fax :
+ 91 44 2819 0735
Mobile
: + 91 98407 85202
E-mail
: robert.sands@jupiterseaair.co.in
Website
: www.jupiterseaair.com
Branches
: Chennai, Bangalore, Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate
Offices : New Delhi, Kolkatta, Cochin & Hyderabad.
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