JUPITER
SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Monday August 01, 2022.
Today’s Forex Rates : Source –
The Economic Times
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
79.2625 |
-0.497505 |
-0.623753 |
79.53 |
79.76 |
79.165- 79.545 |
|
|
1.0203 |
0.0045 |
0.443004 |
1.0158 |
1.0158 |
1.0186- 1.0254 |
|
|
96.8906 |
0.151199 |
0.156296 |
96.8393 |
96.7394 |
96.6707- 96.9083 |
|
|
81.1572 |
0.179001 |
0.221048 |
81.1441 |
80.9782 |
80.9955- 81.1812 |
|
|
133.373 |
-1.126999 |
-0.837917 |
134.50 |
134.50 |
132.507- 134.677 |
|
|
1.2149 |
0.0019 |
0.156633 |
1.213 |
1.213 |
1.2138- 1.2246 |
|
|
105.871 |
-0.479996 |
-0.451332 |
106.226 |
106.351 |
105.839- 106.253 |
|
|
0.5975 |
0.0073 |
1.236872 |
0.5928 |
0.5902 |
0.5927- 0.5978 |
:: Sea Cargo News ::
Container industry calls for review of EU competition rules
It should be noted that the
regulation exempts container shipping companies from many of the checks and
balances of EU competition law.
It even allows them to share
commercially sensitive information to manage the number and size of ships
deployed, as well as the frequency and timing of sailings on trade routes
around the world.
As a result, European
businesses and others in the supply chain have suffered huge disruption to the
movement of goods by container shipping since the regulation was last renewed
in April 2020, with many sailings being canceled or diverted to other ports and
ports are bypassed at short notice.
Meanwhile, shipping rates have
more than quadrupled on many routes and continue to remain 3 to 4 times higher
than in 2019 before the pandemic.
The effects of the lockdown on
the production of goods, combined with changes in demand due to the effects of
the Covid-19 pandemic have been significant.
However, the fact that the shipping
industry has collectively managed these impacts while generating profits
exceeding US$186 billion in 2021, at the expense of the rest of the supply
chain and ultimately Europe's consumers, proves that something is wrong,
according to the organisations.
The benefits of the exemptions
from general competition law enjoyed by shipping companies are not distributed
fairly between the companies and the rest of the economy, and this itself is a
compelling reason why the block exemption should be urgently reviewed.
The review of the regulation
will allow all interested parties to submit evidence and arguments on how the
Commission should act.
This should include
consideration of new measures and mechanisms and should provide sufficient time
for them to be considered and implemented before the current regulation expires
in April 2024.
Maersk
adds barge service for India-Bangladesh container movement
Maersk Line has opened
cross-border inland water connectivity for freight movement between India and Bangladesh,
further propelling its logistics prowess in the subcontinent.
The carrier, in a statement,
said it has successfully completed a container-on-barge trial operation with a
consignment of 50 TEU loaded from Kolkata to Dhaka, using the contours of a
bilateral government trade protocol in place for short-sea services along the
Bay of Bengal.
“The cargo movement on inland
waterways or rivers is much more reliable, especially in monsoons, when the
turbulent weather can cause delays while transporting goods over the ocean,”
Maersk said. “Moreover, with the ocean network running under capacity pressure,
the alternative inland waterways route that is quicker and more reliable has
received a warm welcome from shippers.”
Maersk believes that short-sea
connectivity also helps address trade concerns over bottlenecks at the
land-border crossings on both sides, as bilateral trade volumes expand.
“The Indo-Bangladesh Protocol
Route has created great trade opportunities for the two countries over the last
decades,” said Vikash Agarwal, Maersk’s managing director for South Asia. “By
advancing into containerised transport on this route, we are expanding the
opportunities for importers and exporters from the two countries with a faster,
more reliable and safer option for their cargo.”
Angshuman Mustafi, head of
Maersk Bangladesh, noted: “Our solution to move cargo across the
Indo-Bangladesh border has a saving of over 60% in terms of transit time. In
addition to the faster mode of transport, we are able to give end-to-end
visibility to our customers through Daily Status Reports, which give a
comparison between the estimated timelines against actual timelines. The
negligible variations in these comparisons prove high reliability and have been
thoroughly appreciated by our customers.”
Maersk also noted that it
piloted the alternative barge mode for freight booked by its client Coca-Cola
Bangladesh Beverages. Soumyendu Sen Sarma, director (Finance) at Coca-Cola
Bangladesh Beverages, said, "The maiden barge voyage has been successfully
executed where there has been a significant reduction of transit time.”
Sarma added, “The delivery
schedule of the cargo, which used to be routed through the transhipment hub and
then arrive in Chittagong and further to the destination, used to be impacted
severely with delays. The speed of delivery with the new solution offered by
Maersk over inland waterways is going to be extremely beneficial for us."
Port of
Oakland resumes operations
Port of Oakland has announced
that its marine terminals have resumed operations since Saturday, 23
July, after several days of disruption by truck drivers protesting the worker law AB5.
“The Port of Oakland has
resumed full operations,” confirmed port executive director, Danny Wan, who
noted, "We appreciate the independent truck drivers' use of the designated
Free Speech Zones and we thank local law enforcement for their continued
assistance.”
Wan added, “The truckers have
been heard and we now urge them to voice their grievances with lawmakers, not
the Port of Oakland.” City of Oakland,
regional and state law enforcement are continuing to monitor and implement
measures to keep traffic flowing, according to the port statement.
The Californian port said that last week’s protests have prevented the flow of international commerce including medical supplies, agricultural products, auto and technology parts, livestock, and manufacturing parts.
Ship captain jailed for
transporting toxic waste
The captain of a general cargo
ship has been jailed in Indonesia for transporting containers of hazardous and
toxic liquid waste into the country, in contravention of environment and
shipping laws.
The ship, SB Cramoil Equity, is
owned by Singapore-based waste collection company Cramoil Singapore. A court in
the Indonesian island of Batam heard that on 13 June 2021, Batam Port Authority
was tipped off to the arrival of SB Cramoil Equity in waters around Batam and
that the ship was bringing toxic liquids into Batam.
The port authority’s patrol
team boarded the ship where they found 20 containers of toxic waste. Each box
could hold up to 1,000 litres of toxic waste.
The ship’s Indonesian captain,
Chosmus Palandi, was jailed for seven years and fined around US$334,200.
Although the case was heard in June, Indonesian authorities disclosed the
verdict on 22 July.
Indonesia’s environment
ministry said on 22 July that it is committed to pursuing the matter, which it
called a cross-border corporate crime.
It wants to trace the source of
the toxic cargo and is seeking to prosecute any other party or company
involved.
"We have coordinated with
the Indonesian embassy in Singapore and will look further into this case,"
said Rasio Ridho Sani, law enforcement director-general at the ministry.
Port of
Savannah reports nearly 5.8 million TEU in FY2022
Port of Savannah.
The Georgia Ports Authority
(GPA) set a record fiscal year 2022 with container volumes increasing by 8% to
5.76 million TEU. The Port of Savannah ended the year on a record June,
handling 494,107 TEU, an increase of 10.6% or 47,300 TEU compared to the same
month last year.
It should be noted that
Savannah's port trade benefited from the West Coast labor talks and the delay in
railroad access to West Coast ports, causing a significant change in vessel
calls.
The US major box port also
receives container trade diverted from the Port of Charleston. "Despite
record volumes, the Port of Savannah remains fluid," said GPA executive
director, Griff Lynch.
"Several factors have
contributed to our growing container capacity, including expedited
infrastructure projects, our inland pop-up yards and an influx of truck drivers
moving to the Southeast," he added.
Furthermore, GPA has record
truck turnovers both during the day and during the night gate operation. Garden
City Terminal saw a weekday average of 14,500 truck movements in June, counting
both inbound and outbound gate exchanges.
GPA's board approved the
purchase of 12 new rubber-tired gantry cranes and other container handling
equipment.
"Presently, we are
expanding our dock space to handle additional big ships and increasing our
container storage space in Savannah, while simultaneously enhancing our
capabilities to move autos and breakbulk in Brunswick," said GPA board
chairman, Joel Wooten.
In 2022, export cargoes reached
1.32 million TEU for GPA, while import cargoes totalled 2.86 million TEU.
Napier
Port’s new wharf officially begins operations
Napier Port (New Zealand) has
officially declared the operation of its new 350 meter long wharf open for
business.
After officially welcoming the
container ship Tianjin Bridge alongside 6 Wharf or Te Whiti - as it is
officially called -, chairman Alasdair MacLeod said it is a critical part of
Napier Port's future direction.
Through this, the operational
flexibility and resilience of the port is enhanced and the ability to support
the future growth of importers and exporters is provided.
“Today is the culmination of a
more than 7-year journey to bring our new wharf to Napier Port and Hawke’s
Bay,” continued MacLeod.
“After the success of Napier
Port’s Initial Public Listing (IPO) back in 2019 to support funding investment
in a new wharf, we committed to delivering against not only our financial goals
but the social, environmental and governance objectives we share with our wider
community and I am proud to say Napier Port and its people have delivered on
these,” he added.
“The strong support we have
received from the Hawke’s Bay community, iwi, investors and shareholders alike
has also undoubtedly played a crucial role in helping us to successfully
deliver this intergenerational asset for our region, and we look forward to
continuing to strengthen these ties into the future,” said MacLeod.
At the ceremony, chief
executive Todd Dawson said he was delighted to not only open the new wharf
nearly six months ahead of schedule and on budget, but to do so by putting into
operation one of the largest pieces of privately funded transport
infrastructure in the country for a decade.
Last but not least, it should be noted that sustainability was a primary concern throughout the construction of 6 Wharf.
Port of
Barcelona handles 1.8 million TEU in first half of 2022
Port of Barcelona has achieved
an important milestone, breaking the container record for container volumes
during the first half of the year.
More specifically, between
January and June, 1.8 million TEU passed through the port of Barcelona, an increase of 0.7% from the
previous record of 1.7 million TEU a year ago.
At the same time, the port
broke the record for total cargo handling in the first half of the year with
movements of 36.3 million tonnes and an annual increase of 11% in total
traffic.
The previous record was set
before the pandemic when traffic reached 34.5 million tonnes in 2019.
"This good news indicates
that our hinterland companies are working well and are striving to recover
pre-pandemic levels," commented Damià Calvet, president of the Port of Barcelona.
José Alberto Carbonell, general
manager of Spanish port, said that besides outpacing throughput in 2021, total
traffic "also grew 6% compared to 2019, which clearly indicates a full
recovery at this beginning of the year".
Carbonell highlighted "the
strong performance of imports, up 11%, and of traffic, which registered an
increase of 7%. However, exports are 6% below the records set in 2021".
Chittagong
customs detains 150 containers at port yards fearing forgery
Port of Chittagong.
After five containers of
alcohol detected at the port of Chittagong this week, imported on
mis-declaration, the Chittagong customs has detained 150 boxes at the port
yards, suspecting that they may also contain alcohol or other kinds of
suspicious items.
The customs department will now
open all these containers to physically check whether they contain illegal or
undeclared goods. These containers were mainly brought from China.
The detection of five
containers of alcohol at a time at the port yard of which two containers were
released by hacking identification number and password of a customs official
now become the talk of the town.
Officials say after two
containers of alcohol were released through illegal means, the customs
officials detained three more containers full of alcohol in three days. Later,
the bill of lading of 150 more containers was blocked as they were submitted to
the customs house for releasing the boxes.
According to them, a group of
unscrupulous people is involved in taking the release of containers by hacking
identification number and password of customs officials and submitting forged
documents manually.
They say the manual system
needs to be abolished from the customs department to avoid such incidents
because high chances remain to forge the manual documents.
::// AIR
CARGO NEWS //::
UPS opens Bengaluru
facility and adds intercontinental capacity
UPS has opened a new airport gateway
facility in India at Kempegowda International Airport, Bengaluru (BLR).
The express airline also said a new
intercontinental flight using a Boeing 747-8F aircraft will connect customers
in India with more international trade opportunities in Asia, Europe and the
Americas.
With the new flight scheduled to pass
through BLR five times a week, and with six weekly flights coming into Delhi,
the opening of the Bengaluru gateway almost doubles the number of flight
rotations for UPS in India.
UPS said this is the third year in a row
that it has introduced new flights into its network, after services to and from
Hanoi and Ho Chi Minh City in 2020, and to and from Osaka Kansai, to and from
New Delhi and Cologne and Naples/Milan and Cologne in 2021.
This is UPS’s second dedicated airport
gateway facility in India after opening its Delhi airport gateway in 2020.
The new flight and airport gateway follow the launch earlier this year of a new logistics brand for the Indian market, MOVIN, which is a joint venture between UPS and InterGlobe Enterprises.
Logistics UK welcomes government’s SAF requirements
Photo: Shutterstock
Supply chain group Logistics UK has
welcomed the government’s plan to require 10% of jet fuel to be sustainable aviation
fuel (SAF) by 2030 as part of its Jet Zero strategy.
The UK government launched the new strategy
yesterday at the Farnborough Air Show. Also included is a £165m kick starter
fund to encourage the development of the country’s SAF industry.
“Today’s
announcement by government is positive news for the aviation sector,” said
Logistics UK public policy manager Alexandra Herdman. “In the view of Logistics
UK, Sustainable Aviation Fuel (SAF) has the potential to be the leading method
for decarbonising aviation.”
She added:
“However, availability and costs must be a key consideration. While the news
that pioneering SAF projects can now apply to the Advanced Fuels Fund, and
government’s ambition for at least five commercial scale SAF plants under
construction by 2025 is encouraging, SAF comes at a greater cost than
traditional jet fuel. Rising costs are currently placing an unsustainable
burden on the logistics industry, therefore Logistics UK is calling on
government to introduce incentives for operators to encourage greater uptake of
SAF. “
Logistics UK also called for the Jet Zero
Council to include a dedicated airfreight representative.
The Jet Zero strategy builds on the country’s Net Zero strategy, the UK’s economy-wide plan for achieving net zero emissions by 2050, as well as the transport decarbonisation plan, which outlines the commitments and actions needed to decarbonise the entire transport system.
Curtiss-Wright to provide
Airbus A350F cargo door technology
Copyright: Airbus - rendering by MMS
Aviation manufacturing company
Curtiss-Wright has been selected by Airbus to provide custom electric actuation
technology for the maindeck cargo door on the Airbus A350F freighter aircraft.
Under the contract, Curtiss-Wright will
provide Airbus with an electro-mechanical actuation solution that features
rotary and linear actuators, alongside control and power electronics, to open,
close, latch and lock the A350F’s main deck cargo door.
Curtiss-Wright’s actuation solution
includes a high-voltage DC architecture that is designed to minimise weight,
offer improved reliability over legacy systems, and incorporate health
monitoring functions.
The products covered by the agreement will
be shipped to Airbus in different European facilities. Curtiss-Wright designs and
manufactures its electric actuation products at its Shelby, North Carolina and
Stratford, Ontario facilities.
The A350F, a variant of the Airbus A350,
will be the first widebody freighter aircraft built with a majority of
composite materials.
“Curtiss-Wright is very proud to have been
selected to provide our critical electric actuation technology expertise in
support of the new A350F freighter, as this contract represents our first
electromechanical actuation contract award with Airbus and further expands the
breadth of our leading-edge technologies to the commercial aerospace industry,”
said Lynn Bamford, chair and chief executive of Curtiss-Wright Corporation.
“In addition, this programme closely aligns
with our strategy of helping our customers improve the functionality and
reliability of their aircraft, including enhanced fuel efficiency, through the
use of innovative electromechanical actuation systems.”
Silk Way West is the latest named customer
for the A350F, having signed a purchase agreement for two of the aircraft model in June.
Photo: Menzies
Global aviation logistics specialist
Menzies Aviation has joined the Mission Possible Partnership (MPP), an alliance
of climate leaders focused on decarbonising some of the world’s
highest-emitting industries.
In collaboration with the Clean Skies for
Tomorrow coalition, the MPP has published a new Aviation Transition Strategy
that has been endorsed by over 60 aviation leaders, setting out a global
strategy to achieve net-zero aviation by 2050.
The new report, “Making Net-Zero Aviation
possible: An industry-backed, 1.5°C aligned Transition Strategy”, provides a
series of actionable steps to be taken over the next decade to secure a
transition towards carbon-neutral flying and deliver the goals of the Paris
Agreement. Actions include drastically improving fuel efficiency gains of
aircraft, the rapid roll out of Sustainable Aviation Fuel (SAF) and market
entry of hydrogen, battery-electric or hybrid powered aircraft.
Menzies, which provides ground, fuel and
air cargo services, is the first aviation services business to sign the global
strategy, building on the company’s commitment to its “All In” sustainability
strategy. Announced last year, All In encompasses Menzies’ plan for making a
positive difference to guarantee a fair and sustainable future, notably its
ambition to be carbon-neutral by 2033
John Geddes, corporate affairs director,
Menzies Aviation, said: “This latest strategy from the Mission Possible
Partnership underlines the importance of key players in the aviation industry
working together to achieve net-zero. I’m proud that Menzies is involved in
this latest effort and look forward to seeing the impact collective action can
have to build a more sustainable future.”
IAG Cargo, the cargo division of British
Airways’ (BA) parent company International Airlines Group (IAG), has said BA’s
recent decision to cancel more than 10,000 flights out of the UK will not
impact its air cargo shipments.
BA’s decision on July 6 that it would cut
10,300 short-haul flights between August and the end of October affects London
Heathrow, Gatwick and London City airports.
The recent cuts add to earlier changes that
mean nearly 30,000 flights will have been removed from BA’s schedule between
April and October this year.
An IAG Cargo spokesperson told Air Cargo
News: “While the aviation industry is facing significant challenges
today, we don’t envisage there being any significant issues within our cargo
operations.
“Working with our five sister airlines
we’re continuing to use the strength of our global network to support our
customers deliver goods to manufacturers and consumers across the world. We are
actively recruiting for various roles from office base to airside as we emerge
from the pandemic, whilst upskilling our teams through various learning and
development initiatives.”
BA does not operate any freighters, but IAG
Cargo operates an airfreight network that includes the belly capacity on BA
flights, plus capacity on Aer Lingus, Iberia, LEVEL and Vueling.
On its website, IAG Cargo states it is the
“cargo partner of more than 10,000 businesses”.
The cuts come as airlines and airports face
ground handling staff shortages and capacity challenges that have created bottlenecks in air cargo
handling, as passenger flights return with the easing of pandemic
restrictions.
In June, the UK Government announced
regulations to allow a one-off “amnesty” on airport slots rules, enabling
airlines to plan ahead and deliver a realistic summer schedule that minimises
airport disruption.
However, Heathrow Airport recently
introduced a “capacity cap” of 100,000 daily passengers with effect from 12
July to 11 September. It said this is due to staff shortages, especially in the
ground handling. The cap has added further pressure to the challenges airlines
now face.
Air freight: Fake Pallets
pose high risks
Fake Europallets utilized by the air cargo industry can cause enormous damages, jeopardize business processes and become costly when detected. Currently, the pallet market is facing a price turmoil, reports the German newspaper PalettenReport. According to the online portal, monthly Europallet price changes tripled since the outbreak of Corona (https://paletten-report.de/palettenreport-abo/). This hike has motivated fraudsters to intensify their sales efforts for generating quick profits, hoping for the carelessness of buyers.
This situation
did not go unnoticed in Belarus and Ukraine. A new category of pallet dealers
emerged since the Russian war began. These individuals set up companies in the
EU, springing up like mushrooms mostly in EU member state Poland, to look
legit. How mostly Belarus but also Ukraine produced fake Europallets are
getting into EU territory, without official control at borders, is nowhere
recorded and can only be guessed.
However, what is
known is that the false and illegal products are promoted by mass mailings and
postings on social media platforms. The result is that some of the faked load
carrying bars are also utilized in air freight and loaded on board of aircraft.
In contrast to certified pallets, they lack a stamp, imprint or identifier that
clearly indicates their official registration, enabling controllers to trace
their origin.
Further to this,
manufacturers of fake Europallets often use regular nails instead of screws of
jagged nails to fasten the boards, making those pallets fragile when being
moved by a forklift. This poses a risk particularly at highly frequented
airports where loading processes have to be processed very fast. Due to the
false (and cheap) nailing the pallets can break apart, which results in a mess
and delays loading processes.
The last thing cargo forwarders or ground handling agents need is another claim. Hence, saving money in the supply chain by buying fake Europallets is not a recommendable solution but under adverse circumstances could lead to disaster.
Fake pallets, as seen here, are currently
flooding the EU market - photo: courtesy Palettenreport.Fake pallets can torpedo business relations
The devastating consequences of the use of illegal pallets were demonstrated
decades ago in western Canada. Larvae of a vermin originating from East Asia
entered the country and spread rapidly through orchards. They were hidden in
wooden pallets that had not been properly heated to kill the parasite. This was
an alarming example for agricultural authorities worldwide. Since then, to
protect their own ecosystems and prevent economic havoc, most countries mandate
that only pallets or other wooden products are allowed to pass their borders
that had been heat treated under certain temperatures before being shipped.
Violations of this rule can be expensive. Not only will there be fines when
caught, but the goods piled on the pallet are destroyed or have to be returned
to their sender. However, paying air freight twice doesn’t really up the
margins! Therefore, if cargo pallets miss an authorization of the International
Plant Protection Convention (IPPC) their utilization can kill a business.
Places like
Australia have a dedicated hygiene department that controls wooden materials
brought into the country and looks out very meticulously for hidden bugs. AQIS,
which stands for Australian Quarantine and Inspection Service, is known for not
playing any games. Violators will have to pay for a 60-day lasting quarantine
and should controllers detect infringements such as missing IPPC registration
or grains of wheat in the pallets, the entire cargo will be dealt with.
Risk to life
It is paramount that wood for pallets has to come from safe forests, period.
Pallets made from raw timber harvested in the radioactive infested exclusion
zone around the former nuclear plant Chernobyl, be it in Belarus or Ukraine,
are a danger to human life. Years ago, a family in Germany burned radioactive
wood in their fireplace stemming from there. Investigation to their passing
revealed they had unknowingly bought contaminated timber.
A tragic lesson
learned, that should not be repeated on grounds of unawareness or trust in
products offered by low-cost suppliers. Criminals who sell fake pallets made of
questionable sources of wood risk lives. To appear legal, shady businessmen
from Belarus establish companies in the EU, rent virtual offices and promote
themselves as true EU companies. This is happening quite often.
This does not mean that every eastern European pallet producer or dealer is
under general suspicion, but customers should perform their due diligence
before they enter a business transaction.
One final remark: the current high price policy motivated many customers to
look for alternative pallet sources. To be on the safe side it is recommendable
that every user should have different pallet suppliers on hand, some domestic,
some international. For more specifics please visit https://paletten-report.de/palettenausschreibungen/
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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