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 February 01,
2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
81.92 |
0.409996 |
0.503001 |
81.58 |
81.51 |
81.565- 82.0825 |
|
1.0864 |
0.0013 |
0.119803 |
1.0851 |
1.0851 |
1.0802- 1.0868 |
|
101.0173 |
0.024002 |
0.023766 |
100.7998 |
100.9933 |
100.7145- 101.1106 |
|
88.7172 |
-0.127197 |
-0.143169 |
88.5241 |
88.8444 |
88.4558- 88.8231 |
|
130.126 |
-0.263992 |
-0.202464 |
130.38 |
130.39 |
129.748- 130.531 |
|
1.2318 |
-0.0034 |
-0.275266 |
1.2352 |
1.2352 |
1.2284- 1.2371 |
|
102.468 |
0.192001 |
0.187729 |
102.191 |
102.276 |
102.124- 102.607 |
|
0.6292 |
0.0031 |
0.495125 |
0.6249 |
0.6261 |
0.6248- 0.6299 |
: Sea Cargo News ::
Investment
boost of US$131 million at Jawaharlal Nehru Port Container Terminal
Nhava Sheva Freeport Terminal Private Limited (NSFTPL) and Asian Development Bank (ADB) signed a US$131 million loan in order to upgrade the Jawaharlal Nehru Port Container Terminal (JNPCT) in Nhava Sheva, India.
The financing package consists of US$61.4 million from ADB’s ordinary capital resources and US$69.6 million from Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB.
NSFTPL is a special purpose vehicle jointly owned by J M Baxi Ports and Logistics Limited (JMBPL) and CMA Terminals.
The funds will be used for the upgrade of existing berths and yards and for the installation of additional energy-efficient equipment, such as electric quay cranes.
According to ADB, these upgrades will expand the terminal’s
container handling capacity and "attract vessels operating on important
international shipping lanes".
ADB vice-president for Private Sector Operations and
Public–Private Partnerships Ashok Lavasa, commented, "Long-term financial
support from ADB can boost economic competitiveness in India by developing
world-class mega ports and boosting the efficiency of containerized cargo
terminal operations."
Konecranes
inks licensing agreement to expand its presence in India
Finland-based port equipment manufacturer Konecranes aims to
strengthen its presence in the Indian market with a licensing deal with an
Indian multinational corporation Larsen & Toubro (L&T) for the
manufacturing and distribution of Konecranes port cranes in the country.
The partnership between Konecranes and Larsen & Toubro
(L&T's) Minerals & Metals business unit includes Konecranes' brand
portfolio of manually driven ship-to-shore, rubber-tired gantry, rail-mounted
gantry and shipyard cranes.
The first order under this agreement was from Cochin Shipyard
for two shipyard jib cranes, received in November of 2022. The cranes are
level-luffing, single-boom jib cranes, the first with 75-tonne lifting capacity
and 85m outreach, and the second with 40-tonne lifting capacity and 75m
outreach.
L&T will manufacture them at its Kanchipuram factory in
Tamil Nadu province using design and components from Konecranes, with the
Finnish equipment manufacturer supervising the entire delivery. The cranes will
be delivered within 24 months to the Cochin Shipyard.
“This agreement will broaden the reach of Konecranes port cranes
in India, a dynamic market with great potential. We look forward to working
with L&T to build a customer base that will benefit from our specialist
expertise and global service network. We
are pleased that the agreement is already rolling with the shipyard crane order
from Cochin Port,” stated Shyam Pathak, sales director of South Asia for Port
Solutions at Konecranes.
MSC, Evergreen head
scrubber-fitted fleet ranking
MSC, the world's largest container shipping company, was the
"scrubber champion" for 2022, as the Swiss/Italian box line ended the
year with the largest number of scrubber-fitted vessels, according to
DynaLiners report.
In particular, 216 boxships of MSC are equipped with scrubbers,
translating to an overall capacity of 2,132,700 TEUs. Additionally, one of
Taiwan's major ocean carriers, Evergreen has achieved the biggest
scrubber-fitted fleet as a proportion of its total fleet. Evergreen's 150
scrubber-fitted vessels constitute 72% of the company's overall fleet.
On the other hand, DynaLiners notes that Maersk and CMA CGM reported quite low scores, as the two container giants have been focussing on using alternative fuels. Overall, at the end of last year, the ten carriers with the biggest scrubber-fitted fleets in terms of the number of vessels operated 778 ships, in which this exhaust gas cleaning device was installed. This was equivalent to 23% of their total number of ships, while by capacity this was 7.98 million TEUs representing 35% of their total box capacity.
Hapag-Lloyd
changes rotation of India Gulf Service 1
Hapag-Lloyd has announced an update on the India Gulf 1 (IG1)
service port rotation replacing the call at Bahrain with a call at the port of
Jubail in Saudi Arabia.
The new rotation of the weekly service will be Jebel Ali (UAE) -
Karachi (Pakistan) - Mundra (India) - Sohar (Oman) – Jebel Ali - Shuaiba
(Kuwait) – Umm Qasar (Iraq) - Jubail (Saudi Arabia) – Jebel Ali.
Three container ships with an average carrying capacity of 2,400
TEUs will be deployed on the service with the first vessel sailing under the
updated rotation being the 3,534 TEU Northern Dexterity with an estimated time
of arrival (ETA) on 12 February.
Nigerian president
opens Lekki Port, largest port in the country
President of Nigeria Muhammadu Buhari officially inaugurated the Lekki Deep Sea Port in Itoke village, Ibeju-Lekki, Lagos, on 23 January, while observing the offloading of the CMA CGM Mozart at the port's quay.
This US$1.5 billion project is a joint venture between the
Federal Government of Nigeria, through the Nigerian Ports Authority, the Lagos
State Government, the Tolarams Group (owner of the Lagos Free Zone), and China
Harbour Engineering Company.
In Lagos, the country's president also inaugurated the Imota
Rice Mill, conceptualised and completed by Governor Babajide Sanwo-Olu of Lagos
State as well as the Bestaf Lubricant at MRS Holdings Company Limited. The
200m litre lubricant plant, which covers the whole value chain of lubricants,
is the first of its kind in West Africa, according to a statement.
Second CMA
CGM vessel faces machinery issues in seven days
The 3,426 TEU container ship CMA CGM Veracruz became disabled and adrift south of New Orleans in the United States on 20 January, according to a recent report from marine and transit claims consultancy WK Webster.
"It is possible that General Average/Salvage and associated recovery issues may arise as a result of this casualty," said WK Webster.
Greek shipping data and real-time information provider, MarineTraffic reports that the navigational status of CMA CGM Veracruz is "Underway using Engine" and that the ship is currently located at the area of the Gulf of Mexico.
The vessel was sailing from the port of Kingston in Jamaica to
New Orleans and it is reported that it departed the port of New Orleans to
arrive at Houston on 25 January.
The 2010-built boxship is owned by the Singapore-headquartered
shipping company CNC Line. This is the
second machinery failure incident of a boxship operated by the French ocean
carrier in January, as earlier in the month CMA CGM
Barracuda ran aground in the Netherlands.
APM
Terminals Moín welcomes 4,000th vessel
Moín Container Terminal (TCM) in Costa Rica welcomed its 4,000th vessel on 13 January after approximately four years since its inauguration in 2019.
The Limón-Moín Port complex can accommodate ships with greater
draught, up to 8,500 TEUs, thanks to infrastructure improvements that have been
made during the last three years.
Victor Konen, commercial director of APM Terminals Moín, stated
that these improvements have enabled APM Terminals Moín to accommodate new
services. "For example, a trend we’re currently seeing is services that
connect Ecuador, Peru, (passing the Panama Canal), Costa Rica and Europe (both
to Northern Europe and the Mediterranean)," he pointed out.
Meanwhile, a commemorative plaque was presented to the captain
of the 2,500 TEU boxship Margarete Schulte, which arrived from Manzanillo,
Panama, and continued to Cork, Ireland, with a primary cargo of pineapples and
bananas.
HR Lines
acquires two more ships to operate on intra-Asia routes
HR Lines, Bangladesh’s lone flag carrier container vessel operator, has acquired two more boxships and will soon deploy them between Chittagong and the transshipment ports like Colombo in Sri Lanka, Singapore, and Port Klang in Malaysia.
The two new vessels, HR Turag (1,100 TEUs) and HR Balu (1,700 TEUs), brought the total number of container vessels owned by the operator to eight, having a combined total capacity of 11,840 TEUs.
From February, the eight HR Lines vessels will have a total of
16 sailings a month into and out of Chittagong which is the highest number of
frequencies of any operator have service in the major Bangladeshi port.
“We plan to acquire more ships during the course of this year
and this will facilitate further enhancement and upgradation of our feeder
services connecting Chittagong port with major transshipment hubs of Colombo,
Singapore and Port Klang,” said Raimah Chowdhury, managing director of HR
Lines. “Our immediate focus is to deploy over 50% of the total trade tonnage
between Chittagong and each of the hubs,” she pointed out.
Hamdan Hossain Chowdhury, managing director of Karnaphuli Ltd,
the parent organisation of the operator, said the company started its journey 30
months back with two ships with a total focus on schedule integrity and grown
capacities on a constant and regular basis.
“This is very much in harmony with our aspirations to be the
premier feeder operator in the region, proudly flying the Bangladesh flag
across the oceans,” he commented.
::
Air Cargo News ::
Boeing bids farewell to an icon,
delivers last 747 jumbo jet
Boeing bids farewell to an
icon on Tuesday: It’s delivering its final 747 jumbo jet.
Since its first flight in 1969, the giant yet
graceful 747 has served as a cargo plane, a commercial aircraft capable of
carrying nearly 500 passengers, a transport for NASA’s space shuttles, and the
Air Force One presidential aircraft. It revolutionized travel, connecting
international cities that had never before had direct routes and helping
democratize passenger flight.
But over the past 15 years, Boeing and its
European rival Airbus have introduced more profitable and fuel-efficient
wide-body planes, with only two engines to maintain instead of the 747′s four.
The final plane is the 1,574th built by Boeing in the Puget Sound region of
Washington state.
A big crowd of current and former Boeing
workers is expected for the final send-off. The last one is being delivered to
cargo carrier Atlas Air.
“If you love this business, you’ve been
dreading this moment,” said longtime aviation analyst Richard Aboulafia.
“Nobody wants a four-engine airliner anymore, but that doesn’t erase the
tremendous contribution the aircraft made to the development of the industry or
its remarkable legacy.”
Boeing set out to build the 747 after losing
a contract for a huge military transport, the C-5A. The idea was to take
advantage of the new engines developed for transport — high-bypass turbofan
engines, which burned less fuel by passing air around the engine core, enabling
a farther flight range — and to use them for a newly imagined civilian
aircraft.
It took more than 50,000 Boeing workers less
than 16 months to churn out the first 747 — a Herculean effort that earned them
the nickname “The Incredibles.” The jumbo jet’s production required the
construction of a massive factory in Everett, north of Seattle — the world’s
largest building by volume.
The plane’s fuselage was 225 feet (68.5 meters)
long and the tail stood as tall as a six-story building. The plane’s design
included a second deck extending from the cockpit back over the first third of
the plane, giving it a distinctive hump and inspiring a nickname, the Whale.
More romantically, the 747 became known as the Queen of the Skies.
Some airlines turned the second deck into a
first-class cocktail lounge, while even the lower deck sometimes featured
lounges or even a piano bar.
“It was the first big carrier, the first
widebody, so it set a new standard for airlines to figure out what to do with
it, and how to fill it,” said Guillaume de Syon, a history professor at
Pennsylvania’s Albright College who specializes in aviation and mobility. “It
became the essence of mass air travel: You couldn’t fill it with people paying
full price, so you need to lower prices to get people onboard. It contributed
to what happened in the late 1970s with the deregulation of air travel.”
The first 747 entered service in 1970 on Pan
Am’s New York-London route, and its timing was terrible, Aboulafia said. It
debuted shortly before the oil crisis of 1973, amid a recession that saw
Boeing’s employment fall from 100,800 employees in 1967 to a low of 38,690 in
April 1971. The “Boeing bust” was infamously marked by a billboard near the
Seattle-Tacoma International Airport that read, “Will the last person leaving
SEATTLE -- Turn out the lights.”
An updated model — the 747-400 series —
arrived in the late 1980s and had much better timing, coinciding with the Asian
economic boom of the early 1990s, Aboulafia said. He recalled taking a Cathay
Pacific 747 from Los Angeles to Hong Kong as a twentysomething backpacker in
1991.
“Even people like me could go see Asia,”
Aboulafia said. “Before, you had to stop for fuel in Alaska or Hawaii and it
cost a lot more. This was a straight shot — and reasonably priced.”
Delta was the last U.S. airline to use the
747 for passenger flights, which ended in 2017, although some other
international carriers continue to fly it, including the German airline
Lufthansa.
Atlas Air ordered four 747-8 freighters early
last year, with the final one leaving the factory Tuesday.
Boeing’s roots are in the Seattle area, and
it has assembly plants in Washington state and South Carolina. The company
announced in May that it would move its headquarters from Chicago to Arlington,
Virginia, putting its executives closer to key federal government officials and
the Federal Aviation Administration, which certifies Boeing passenger and cargo
planes.
Boeing’s relationship with the FAA has been
strained since deadly crashes of its best-selling plane, the 737 Max, in 2018
and 2019. The FAA took nearly two years — far longer than Boeing expected — to
approve design changes and allow the plane back in the air.
Adios, 747!
Boeing to open its second largest
campus near Devanahalli
By the end of this year, Boeing India will open its second-largest campus at Aerospace Park in Devanahalli. This facility will be its largest outside its headquarters in Virginia.
The company on Monday said it has invested
over $200 million to build the campus on 43 acres of land on the outskirts of
the city.
The new facility will house various labs,
testing infrastructure and part of R&D operations. Aarti Singh, Senior
Director, IT and DA and CIO Boeing India said most engineers employed by the
plane maker will continue to work from Boeing India Engineering &
Technology Centre at Bagmane Tech Park in Bengaluru.
Boeing’s India operations include field
service offices in Mumbai, Hindan, Rajali and New Delhi. Boeing India has
over 4,000 employees.
Carrier Emirates test flies Boeing 777
on sustainable fuel
Long-haul carrier Emirates
successfully flew a Boeing 777 on a test flight Monday with one engine entirely
powered by so-called sustainable aviation fuel.
This comes as carriers
worldwide try to lessen their carbon footprint.
Flight No.EK2646 flew for
just under an hour over the coastline of the United Arab Emirates, after taking
off from Dubai International Airport, the world's busiest for international
travel, and heading out into the Persian Gulf before circling back to land.
The fuel powered one of
Boeing's two General Electric Co.engines, with the other running on
conventional jet fuel for safety.
"This flight is a
milestone moment for Emirates and a positive step for our industry as we work
collectively to address one of our biggest challenges - reducing our
carbon footprint," Adel al-Redha, Emirates' chief operation officer, said
in a statement.
Emirates, a state-owned
airline under Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, described
the sustainable fuel as a blend "that mirrored the qualities of jet
fuel." It included fuel from Neste, a Finnish firm, and Virent, a Madison,
Wisconsin-based company.
Virent describes itself as
using plant-based sugars to make the compounds needed for sustainable jet fuel,
while Neste's fuel comes from vegetable oils and animal fats. Those fuels
reduce the release of heat-trapping carbon dioxide typically burned off by
engines in flight.
Aviation releases only
one-sixth the amount of carbon dioxide produced by cars and trucks, according
to World Resources Institute, a nonprofit research group based in Washington.
However, aeroplanes are used by far fewer people per day, meaning aviation is a
higher per-capita source of greenhouse-gas emissions.
Aeroplane and engine
manufacturers have been designing more efficient models, in part to help keep
down costs of jet fuel, one of the biggest expenses airlines face.
Emirates, for instance,
used over 5.7 tons of jet fuel last year alone, costing it USD 3.7 billion out
of its USD 17 billion in annual expenses.
But analysts suggest
sustainable fuels can be three times or more the cost of jet fuel, likely
putting ticket prices even higher as aviation restarts following the lockdowns
during the coronavirus pandemic. It wasn't immediately clear how much the fuel
used in the Emirates' test on Monday cost per barrel.
Jet fuel cost on average
USD 146 per barrel at the end of last week, according to S&P Global
Platts.
The UAE, a major oil
producer and OPEC member, is to host the next United Nations climate
negotiations, or COP28, beginning in November.
Already, the seven
sheikhdom federation has come under fire from activists for nominating the CEO
of Abu Dhabi's state oil company to lead the UN negotiations known as the
Conference of the Parties, where COP gets its name.
National Air Cargo to use 2 B747-400F to carry oversize cargo
National Air Cargo is
opening business avenues for oversize cargo with the addition of its first
freighter and is in discussions with Airbus about renting the ultra large
Beluga transporter that can carry tanks, yachts, satellites and electric
transformers. Orlando, Florida-based subsidiary National Airlines next month
will began utilizing two factory-built Boeing 747-400 cargo jets, increasing
the carrier’s fleet to 10 aircraft – including two for passenger charter.
The newly purchased
assets have a nose cone that flips open for ramp-loading of long, bulky items
such as helicopters and trucks that can’t fit through a traditional side cargo
door. The six other 747-400s in National’s fleet do not have nose-loading
capability, said reports.
Meanwhile, the logistics
side of the company is exploring options for chartering the Beluga
mega-freighter that Airbus recently made available to companies with special
shipping requirements, said an official in the reports.
Middle East carriers rank among the world’s top 10 safest airlines
The Middle East’s leading carriers Emirates, Qatar Airways, and Etihad Airways ranked among the top
10 airlines on the Airline Ratings list
for the world’s safest airlines in 2023.
The Australian flag carrier, Qantas has ranked first,
outperforming all 385 international airlines reviewed for this year.
The Abu Dhabi-based Etihad Airways ranked third on the list,
followed by Qatar Airways in fourth place. Meanwhile, Dubai’s flagship carrier,
Emirates ranked seventh.
Top 20 Airlines
1. Qantas
2. Air
New Zealand
3. Etihad
Airways
4. Qatar
Airways
5. Singapore
Airlines
6. TAP
Air Portugal
7. Emirates
8. Alaska
Airlines
9. EVA
Air
10. Virgin Australia/Atlantic
11. Cathay Pacific Airways
12. Hawaiian Airlines
13. SAS
14. United Airlines
15. Lufthansa/Swiss Group
16. Finnair
17. British Airways
18. KLM
19. American Airlines
20. Delta Air Lines
Key benchmarks
According to the platform’s Editor-in-Chief, Geoffrey Thomas,
analysts monitor airlines over a five-year period, taking into consideration
any major incidents over the past two years.
The rating also considers audits from governing bodies, fleet
age, analysis of pilot training, and compliance with COVID-19 protocols.
‘India needs widebody freighters covering Europe & US’
Tushar Jani, Group
Chairman, Cargo Service Center shares his expectations from the upcoming budget
2023-2024, and says, “I think the first thing itself, is the Prime Minister
declaring National Logistics Policy and with Gati Shakti Program, it is very
clear that the government is focusing on logistics. In fact the world is
focusing on the supply chain and India cannot be in isolation.
With the world supply
chain now taking the center stage, India is going to be a global supplier for
so many things. For example iPhone, now its third factory coming in, and
Pharma, which is world’s generic drug, 20% is supplied by India. We are a world
pharmacy and in that respect, I think we are a sunrise industry. India is
probably the only country which is growing above 6% in GDP in time to come.
That itself is good news
and that will need an efficient, and resilient logistic supply chain. Having
said that, it needs a lot of support. Just to start with GST, which is now put
in for 18% on the air freight and the argument from the government is that the
stakeholders can claim reimbursement later. My point is it should be
rationalized and should be a lower percentage so at least the cash flow is not
impacted for exporter importer as well as for the forwarding and logistic
company.
I think the government should
take that first step. The second step is, of course, the very old demand of the
aviation turbine fuel which is still very high and it should be rationalized
that will help bring more air freight operators in civil aviation in terms of
air freight airline to come in.
Third is the conductive
policy on e-commerce cross-border logistics which is going to be huge in the
coming years. India has not even touched little bit of global e-commerce and
India has a big potential for global e-commerce both inward and outward. So the
government should set up the correct processes, and make the process flow easy
as e-commerce cross borders will help a lot of MSMEs, lot of self-propelled
entrepreneurs to come up and reach the global market. This is the time India should
take centre stage.
So I always say it’s
time for India is not what we will get but what we are asking to get. So for
cross border eCommerce, the government must give a lot of attention, set up an
expert group, figure out and build infrastructure, build processes, put tech
structure proper, and keep custom procedures very simple so we can grow in that
segment.
And last, of course, the
current EXIM process, if the passenger comes to the airport say for 2-3 hours
why cargo should be at the airport for more than 38 40 hours. So we must have
those processes conducive to allowing cargo to go fast which will improve
throughput which will include our export import. Our cost will be rationalized
and last very important country needs a widebody freighter airline going from
India into Europe and US.
The time has come and
government must encourage private enterprises to come forward and do it. These
are my simple conclusion for this budget.”
Quikjet Cargo launches maiden freighter service from GHIAL
Quikjet
Cargo Airlines has recently launched its maiden freighter service from GMR
Hyderabad International Airport. Quikjet will be operating with Boeing 737-800F
freighter aircraft based in Hyderabad with daily freighter services to Delhi
and Bangalore. The freighter will carry air freight and express cargo across
their network area covering Delhi, Mumbai, Hyderabad and Bangalore.
The
Quikjet freighter will depart to Delhi daily from HYD at 00.30hrs and arrive
from Bangalore to Hyderabad at 08. 50hrs every day. Currently, Quikjet has two
aircrafts B737-800F with a capacity of 22 metric tons, both based at HYD. This
new Cargo airline will boost the state’s economy and empower businesses with
increased cargo connectivity & quicker reach for E-commerce.
Speaking on the Quikjet launch, Mr Pradeep Panicker, CEO-GHIAL, said, “We are
delighted to support Quikjet operations and glad that this is another Cargo
servicing addition at our airport. Quikjet services is all set to offer
increased cargo connectivity from Hyderabad to Southern India. The Quikjet
services from our airport reiterate the growing prominence of Hyderabad for
cargo. Over the years, GMR Hyderabad Airport has been building world-class
capabilities to ensure seamless and faster cargo service globally.”
GMR Hyderabad Airport Cargo handles pharma, perishable, engineering,
automobile, aerospace products, large machinery, Hazardous Materials (HAZMAT)
and Dangerous Goods (DG). Apart from all major cargo hubs in India,
international destinations like Frankfurt, Istanbul, Dubai, Doha and Hong Kong
are also well connected to the Hyderabad International Airport.
Amazon launches freighter service in India
Amazon India has
launched Amazon Air, making it the first e-commerce company in the country to
have a dedicated air cargo network . Amazon Air will utilise the complete cargo
capacity of a Boeing 737-800 aircraft, operated by Quikjet Cargo Airlines, a
joint venture between AFL and the Ireland-based ASL Aviation Group.
The Amazon-branded
aircraft will transport customer shipments to cities such as Hyderabad,
Bengaluru, Delhi, and Mumbai. “We’re thrilled to launch Amazon Air in India to
ensure we can provide our growing customer base with great selection, low
prices, and faster deliveries,” said Sarah Rhoads, Vice President, Amazon
Global Air.
The announcement
reinforces Amazon India’s commitment to continue building capacity and will
further enhance its transportation network.
I reckon you have enjoyed
reading the above useful information.
Have a nice day.
Thanks & kind regards
ROBERT SANDS, Joint Managing Director
Jupiter
Sea & Air Services Pvt Ltd
Casa
Blanca, 3rd Floor
11, Casa
Major Road, Egmore
Chennai –
600 008. India.
GST Number
: 33AAACJ2686E1ZS.
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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