JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Wednesday December 28, 2022.
|
Today’s Forex Rates : Source – The Economic Times:
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
:: Sea Cargo News ::
Cargo evacuation through Mormugao port hit as residents
protest truck movement
Evacuation of bauxite and coal cargo by road from Union government owned Mormugao Port has ground to a halt since 15 December as residents oppose the movement of these commodities by trucks through Vasco city citing pollution concerns, multiple sources said.
“Some
1,00,000 tonnes of bauxite cargo belonging to customers such as Hindalco
Industries Ltd and UltraTech Cement Ltd (both owned by the Aditya Birla Group)
are lying inside the port.
The
agitating residents are not allowing any material to move by road through the
two export-import gates of Mormugao port. About 30,000-40,000 tonnes of cargo
were expected to be moved out of the port by road in the last three days.
The port
will soon face a logjam,” a port official said. “It’s strange that some 10-15 people
have managed to stop cargo evacuation from the port by road completely for the
last three days. The State government machinery is not doing anything to
resolve the situation which is a law-and-order issue,” he said, asking not to
be named.
Bauxite
cargo arriving at the port on big ships are moved to the customers premises by
road only. About 10-20 percent of the coal shipped through the port is
evacuated by road and the rest by rail, which has not been affected by the
agitation.
India to finalise balanced FTAs with the EU, UK, Canada,
Israel and Gulf countries
India
has signed free trade agreements (FTAs) with key trade partners and is
finalising a 'balanced' FTA with the EU, UK, Canada, Israel and the Gulf
countries, Minister of State for Commerce & Industry Anupriya Patel said.
In her
address at EEPC India's 37th Western Region Award Presentation, the minister
added the FTAs are being signed to provide better market opportunities to the
country's exporting community.
"We
have signed FTAs with many of our key trading partners. We have the
Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with
Mauritius, the Comprehensive Economic Partnership Agreement (CEPA) with UAE,
and the Economic Cooperation and Trade Agreement (ECTA) with Australia.
All
these are with an objective of providing better market opportunities to our
exporting community," Patel said. Mentioning about the government's recent
decision to withdraw export duty on specified steel items, Patel said that the
move would provide a fillip to the domestic steel industry and boost exports.
Maersk's extensive network can keep South China freight
moving
While
rival carriers brace for restricted South China cargo bookings, due to
feeder/barge service stoppages in the offing, Maersk claims it has reliable
alternatives to ward off the challenges tied to regional transhipment flows.
“Generally,
during the Chinese New Year holiday, some of our partners in the network are
unavailable and, in turn, our customers,” said a Maersk spokesperson. “However,
through our diverse portfolio of partners, we are able to serve our customers
without major hiccups during such situations.”
The
official also confirmed Maersk had placed no restrictions on bookings for South
China. By contrast, some major carriers, particularly CMA CGM, have already
advised customers of restricted bookings for shipments due to arrive at ports
in south China over several weeks in early 2023.
The move
was prompted by South China and Hong Kong feeder operators announcing temporary
service suspensions through next month, “due to Covid-19 quarantine
requirements for ship crews”. According to industry sources, those transhipment
complications are expected to run from late December through to mid-February.
Ocean carrier alliances prepare to deploy their new
mega-ships
THE
Alliance members Hapag-Lloyd, ONE, Yang Ming and HMM have finalised their April
network plans, which feature vessel upgrades on Asia to North Europe,
Mediterranean and US east coast services.
Lead
line Hapag-Lloyd said one of the key highlights would be the deployment of its
23,500 teu newbuild ULCVs on the Asia-North Europe tradelane to replace smaller
ships. In April, the carrier is due to start receiving the six LNG-fuelled
ULCVs from South Korean shipyard Daewoo Shipbuilding & Marine Engineering.
Announcing
the order, CEO Rolf Habben Jansen said the investment would see the carrier
“reduce slot costs and improve our competitive- ness” on the Asia-North Europe
tradelane. Hapag-Lloyd added that another highlight of next year’s network
enhancements was the addition of 14,000-15,000 teu ships on Asia-Mediterranean
services and on the transpacific between Asia and the US east coast.
Supply
chain intelligence platform eeSea analyst Patrick Fach-Pedersen said the only
significant adjustment to THEA’s network was the dropping of its PS8 Asia to
Pacific north coast loop, which it introduced in 2018, with other adjustments
limited to calls added or removed on existing services.
::// AIR
CARGO NEWS //::
Deutsche Bahn prepares for the sale of DB Schenker
Deutsche Bahn is preparing for the sale of
its freight forwarding subsidiary DB Schenker as it looks to focus on its core
rail business. The rail group said today that it has assigned its management
board to examine and prepare the case for a potential sale of up to 100% of its
shares in DB Schenker, the world’s fourth-largest airfreight forwarder.
“Decisions as to the categorical initiation
of a divestment process and the form any sale may take will be made separately
at a later date,” the company said.
The company reasoned that selling its
forwarding business would allow it to sharpen its focus on its Strong Rail
Strategy and core business.
“The objective of the Group strategy, which
was launched in 2019, is to shift traffic to environmentally friendly rail, in
both passenger and freight transport, and to expand the rail infrastructure in
Germany,” the company explained.
It added that while DB Schenker has
achieved record results in recent times, in the medium term the company will
require larger financial resources and more independence to make international
acquisitions with a view to retaining and enhancing its market position.
“For this reason, a sale could open up new
opportunities for DB Schenker in terms of growth and development,” Deutsche
Bahn said.
“The company’s position as a global market
leader makes it attractive for buyers and investors,” it added. “In the light
of the economic challenges being faced worldwide and current uncertainty on the
capital markets, DB does not want to rush a possible sale of DB Schenker.
“A starting date for a specific divestment
process is dependent on the overall situation and not yet decided. A sale shall
only take place if it is of financial advantage for DB Group compared to
keeping DB Schenker in the Group.”
In the first half of 2022, DB Schenker generated €1.2bn in operating profit, the best
mid-year result in the company’s 150-year history.
The company offers land, air and ocean
transport services and employs 76,100 people across 1,850 locations in more
than 130 countries.
The planned sale does not come as too much
of a surprise, there has been speculation for a number of years that Deutsche
Bahn had been unsure what it wanted for its freight forwarding subsidiary
with rumours of a sale most recently resurfacing in September.
Ongoing market consolidation in the
forwarding arena has seen the company lose its top-three status to fast-growing
Danish forwarder DSV in recent years, while the gap to market leader Kuehne+Nagel
and second-placed DHL Global Forwarding has been stretched.
Speculation will next turn to which
companies are potential buyers if Deutsche Bahn goes through with the sale,
with DSV one of the the most likely candidates.
The Danish forwarder has grown rapidly in
recent years through acquisitions and has in the past expressed an interest in DB Schenker should it be put up for sale.
Based on 2021 figures, were DSV to buy DB Schenker, it would become the world’s largest
airfreight forwarder, leapfrogging both K+N and DHL with annual volumes of
around 2.5m tonnes.
Writing on LinkedIn, supply chain
consultant Cathy Morrow Roberson said that she was leaning towards a break up
of the forwarder as the most likely outcome if it is put up for sale by
Deutsche Bahn.
However, she also said that Geodis could be
interesting to watch, while the cash-rich ocean carriers have been looking to
expand their presence in logistics over the last couple of years.
European Cargo receives
EASA certification for Airbus A340 freighter conversion programme
A340 freighter conversion interior. Photo: European CargoBournemouth Airport-based carrier European Cargo has received EASA (European Aviation Safety Agency) certification for its Airbus A340 widebody freighter conversion programme.
The carrier, which anticipates further e-commerce growth opportunities, is converting a fleet of ex-passenger A340 aircraft into long-haul freighters.
The EASA certification paves the way for a
similar assessment by the UK’s Civil Aviation Authority (CAA), with European
Cargo anticipating CAA certification early next year.
European Cargo’s fleet is made up of former
Virgin Atlantic and Etihad Airbus A340 passenger aircraft. Its first conversion
is an ex-Virgin A340-600, once the world’s longest airliner stretching to 75.4m
or 247 feet and capable of carrying up to 370 passengers.
The conversion process has involved the
removal of all bulkheads, rear galley and toilets and replacing them with 39
pods in six different sizes. Each pod is covered by a fire containment bag
tested to withstand a lithium battery fire for six and a half hours.
It means that any fire can be contained to
a single pod, safeguarding the rest of the cargo and aircraft, and enabling a
safe diversion to a suitable landing location, even during long trans-oceanic
flights. Live testing at altitude has been carried out.
European Cargo’s managing director Iain
Edwards said: “EASA certification is a landmark moment in the development of
our fleet. Our pod containment system has proven itself through a rigorous
testing regime and means we are on track for full cabin utilisation, giving
each aircraft a combined belly and cabin capacity of 77 tonnes or 450 cubic
metres.
“With six freighters already at Bournemouth
for conversion and a further six available to us, that catapults us into the
No1 slot of UK-based wide-bodied carriers by some margin. And it makes
Bournemouth Airport a huge contender in the UK air freight market.”
European Cargo’s development takes place
as Bournemouth Airport aims to become a strategic airfreight hub.
Steve Gill, managing director at
Bournemouth Airport, which has its own dedicated freight operation, Cargo First, said: “We’d
like to congratulate Iain and his team on achieving EASA certification for their
first A340 conversion.
“It’s a great achievement and pending
further CAA approval paves the way for the introduction of hundreds of tonnes
of global freight capacity from Bournemouth in the New Year.
Combined with our location just 90 minutes
from London, we think 2023 will be a transformative year for air cargo
operations at Bournemouth Airport.”
CMA CGM Air Cargo explores
expanding its operations to Vietnam
Source:
CMA CGM
CMA CGM Air Cargo could expand its operations to Vietnam.
Discussions about investment in Vietnam took place during a meeting between CMA CGM Group’s vice-president for public affairs, governmental contracts & business development, Patrice Bergamini, and Phạm Minh Chính.
CMA CGM already has well established port
operations in the country.
On its website, CMA CGM says that since
1994 the CMA CGM Group has invested in port infrastructure in Vietnam through
its joint-venture partnership with Sowatco and Mitsui on First Logistics
Development Company’s Vietnam International Container Terminal (VICT) in Ho Chi
Minh City.
Another joint venture partnership with
Gemadept resulted in the establishment in the deep-sea water Gemalink terminal,
which started operations in January 2021.
CMA CGM Vietnam has over 250 staff, five
offices and 30 services throughout the country, including six at APM Terminals’
Cai Mep International Terminal, 50 km southeast of Ho Chi Minh City.
The potential investment comes as the air
cargo industry faces continued reduced demand. CMA CGM Air Cargo is leasing out
four of its freighter aircraft to Qatar Cargo and DHL’s express airline,
European Transport Leipzig (EAT), writes Air Cargo News’ sister title DVZ.
FreightWaves also recently reported that
CMA CGM Air Cargo is no longer selling space to freight forwarders on its own cargo jets operating to Chicago
and Atlanta from Europe. CMA CGM Air Cargo has unveiled major plans to develop
airfreight operations.
In May this year, CMA CGM Air Cargo
announced a ten-year partnership with Air France KLM covering the operation of freighters. CMA CGM Air Cargo plans to operate a fleet
of at least 12 freighters by 2026.
Guillaume Lathelize was appointed CMA CGM
Air Cargo’s new chief executive in October, taking over from Olivier Casanova who will
return to his previous role as deputy chief financial officer at CMA CGM.
GlobalX close to receiving
first A321 freighter conversion
Source: ST Engineering
Global Crossing Airlines’ (GlobalX) first Airbus A321 Passenger-to-Freighter (P2F) conversion has been completed. The aircraft has been converted by ST Engineering and is due to be delivered to Miami International Airport (MIA) this month.
In May 2021, GlobalX signed a letter of intent (LOI) to lease five A321P2F aircraft with ST Engineering’s Aviation Asset Management unit. These aircraft are being converted and leased to GlobalX progressively.
In a press release on December 13, GlobalX said its first A321 cargo aircraft (N410 GX) “will fly to the paint facility this week and is scheduled to arrive in Miami on December 20”.
A second A321 cargo conversion has also
been completed and the aircraft (N411 GX) “is undergoing some additional FAA
modifications,” said GlobalX. “It will join the fleet once the aircraft is
compliant.”
“We look forward to adding our first A321
freighter aircraft just before Christmas, followed soon by our second
freighter…” said Ed Wegel, GlobalX chairman and chief executive.
GlobalX also said in a LinkedIn post on
December 18: “Global Crossing Airlines first A321 freighter conversion is now completed-
4 hour test flight conducted yesterday, and now off to get painted in our “X
Cargo” livery. Tremendous effort by ST Engineering Wei Boon Lim Boon Keng TAN
and our maintenance team. MIA Arrival ceremony details coming soon for N410GX!”
In October, GlobalX signed a letter of
intent to lease 10 converted Airbus A321 freighters from the asset management specialist Vallair.
The A321P2F has a capacity of 14 upper deck
and 10 lower deck containers, which is 55% more containerised volume than the
Boeing B737-800 freighter and 14% more containerised volume than the B757-200F,
said GlobalX.
Additionally, it boasts an estimated 19%
lower fuel burn than the B757-200F, added the company.
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.
Comments
Post a Comment