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 March 29, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
82.19 |
-0.189995 |
-0.230632 |
82.15 |
82.38 |
82.15- 82.28 |
|
|
1.0824 |
0.0026 |
0.240781 |
1.0798 |
1.0798 |
1.0797- 1.0834 |
|
|
101.2237 |
0.284904 |
0.282255 |
101.2335 |
100.9388 |
101.1913- 101.4061 |
|
|
88.9705 |
0.2855 |
0.321925 |
88.9053 |
88.685 |
88.8274- 89.069 |
|
|
130.96 |
-0.610001 |
-0.463632 |
131.57 |
131.57 |
130.507- 131.564 |
|
|
1.2311 |
0.0024 |
0.195322 |
1.2287 |
1.2287 |
1.2281- 1.2331 |
|
|
102.614 |
-0.243004 |
-0.236254 |
102.75 |
102.857 |
102.531- 102.764 |
|
|
0.6267 |
0.0009 |
0.143811 |
0.6297 |
0.6258 |
0.6266- 0.631 |
: Sea Cargo News ::
The first large LNG carrier of this year was named and
delivered one month ahead of schedule
The third large-scale liquefied natural gas
(LNG) carrier "Kunlun" with a capacity of 174,000 cubic meters built
by China State Shipbuilding Corporation's Hudong-Zhonghua United China State
Shipbuilding Trading Co. China Shipbuilding Changxing Shipbuilding Base was
named and delivered. This is the first large LNG carrier delivered by my
country this year.
After the maritime transportation matrix
"Kunlun" is put into operation, it will join hands
with the "Shaolin" and "Wudang" delivered last year to form
China's LNG maritime transportation matrix, in order to further enhance the LNG
transportation capacity of the Chinese fleet and realize the supply chain of
China's LNG energy industry chain. Safely inject new kinetic energy.
After the maritime transportation matrix
"Kunlun" is put into operation, it will join hands
with the "Shaolin" and "Wudang" delivered last year to form
China's LNG maritime transportation matrix, in order to further enhance the LNG
transportation capacity of the Chinese fleet and realize the supply chain of
China's LNG energy industry chain. Safely inject new kinetic energy.
Independently
developed and designed
"Kunlun" is a mainstream large-scale LNG carrier in
the world today, independently developed and designed by Hudong Zhonghua, with
complete intellectual property rights. The ship has a total length of 295
meters, a molded width of 45 meters, a molded depth of 26.25 meters, and a
speed of 19.5 knots. It is classified by Lloyd's Register (LR) and China
Classification Society (CCS).
The world's latest
generation
The ship adopts the world's latest generation of dual-fuel
low-speed propulsion power system, equipped with advanced environmental
protection devices, the daily fuel consumption is within 100 tons, and the
emissions can meet the most stringent standards of the International Maritime
Organization under gas or fuel mode operation.
Low energy consumption, high reliability, high environmental
protection, strong versatility, good foresight, excellent economy and many
other characteristics and highlights, especially its good ship-shore
compatibility, flexible route adaptability, and reliable berth to most of the
world's
The land shore station also has the function of LNG ship-to-ship
transfer at sea, so it is well received by ship owners and popular in the
market. 　　During the construction of the "Kunlun",
Hudong-Zhonghua fully promoted digital construction, promoted new techniques
and new construction methods, significantly shortened the construction period,
and created the shortest period of 9 months for the construction of domestic
large-scale LNG carrier wharfs
　　.
The 4-day trial voyage and 7-day gas trial voyage are the fastest records, and
the comprehensive construction capacity has reached the world's most advanced
level. 　　2023 is the key year for Hudong-Zhonghua LNG ship production
capacity to double. It plans to deliver 4 to 5 large LNG ships throughout the
year. The number of LNG ships under construction at the same time is expected
to reach a record 16 within the year, helping China's advanced manufacturing
Industry
High-quality development, fulfilling the responsibility and
mission of central enterprises serving the national strategy.
Maersk unveils the design of its first green fuel powered vessel
Maersk has unveiled the design of its first green fuel-powered
container vessel on Twitter. The Danish
ocean carrier said it expects to receive the first boxship of this type by
South Korea's Hyundai Mipo Dockyard soon.
"Our feeder vessel has a dual-fuel engine and will be able
to operate on green methanol," noted the Copenhagen-headquartered container
line in a Twitter post.
ONE
launches new service between Singapore and Myanmar
Ocean Network Express (ONE) has introduced a new service from
Singapore to Yangon, Myanmar (SMM), strengthening the company's network in the
region. ONE said this new service SMM
will consolidate the existing YGX and TMM services and will provide twice
weekly coverages from Singapore to Yangon.
In this way, ONE noted it will give its customers connections
for Yangon imports and exports via its transshipment hubs in Singapore to face
rising demand.
The port rotation of the weekly service is Singapore - Yangon(MIP) - Singapore - Yangon (AWPT) – Singapore.
The first sailing is expected to commence on 4 April from
Singapore.
Valencia reaches 600,000 vehicles in last year, leading Spanish ports in vehicle traffic
Source: Port of
Valencia Authority (PAV)
Port Authority of Valencia (PAV) saw 600,000 vehicles in 2022,
translating to an important 22% growth compared with the figures in the
previous year.
That means that Valenciaport handled one out of every five new
unregistered vehicles in the Spanish port system, being at the head of this
type of traffic among the ports of interest in Spain, ahead of Barcelona, Vigo
and Santander.
Barcelona operated a total of 588,572 vehicles in 2022 (+18.3%),
Vigo handled 474,791 (-5.6%) and Santander handled 322,865 (+16.2%). Next in
position are the Pasaia enclosures with 239,955 (+14.6%) and Tarragona with
172,164 (+27%).
"Italy, Belgium and Turkey are the
main countries in this type of traffic, but the capillarity of Valenciaport
also allows one vehicle to reach Ghana, two to India and 398 to Australia,
according to a statement by the Spanish port," said PAV in a statement.
Valencia port reported that the positive trend continues in 2023,
as 99,987 cars were moved in the first two months of the year, representing a
5% increase compared with 2022 performance.
SC Ports
reports second-busiest February in its history
South Carolina Ports (SC Ports) saw higher-than-average
container traffic at the Port of Charleston in February as the state continues
to attract new business.
SC Ports has processed roughly 1.8 million TEUs and 978,374 pier
containers so far in the fiscal year 2023, translating to a 5% decrease from
the same period last year. Furthermore, SC Ports processed 201,418 TEUs in the
last month, representing a 13% fall from the same month in the previous year.
Despite the port's container decline, last month's volumes were
the second largest in port history. Because of the Lunar New Year holiday in
Asia, February is typically a lighter month.
Meanwhile, SC Ports saw 15,824 cars pass through the Port of
Charleston in February. “While we are
seeing economic uncertainty impact volumes, South Carolina Ports remains
well-positioned as a well-run port in the booming Southeast market,” stated SC
Ports president and CEO Barbara Melvin.
Stronger
financial results, lower box volumes for OOCL in 2022
Orient Overseas (International) Limited, the parent company of
Orient Overseas Container Line (OOCL) announced the full-year results for 2022,
reporting revenue of US$19.82 billion.
In addition, the company's earnings before interest and taxes
(EBIT) rose to US$10.089 billion, while earnings before interest, taxes,
depreciation and amortization (EBITDA) reached US$10.95 billion.
Meanwhile, the profit attributable to equity holders for 2022
was US$9.965 billion.
Meanwhile, OOCL carried 7.1 million TEUs in the previous year,
decreased by around 450,000 TEUs compared with 2021 figures.
"For much of the first half of the year, the container
shipping market endured the same conditions through which it had been
persevering for the previous 18 months, with effective levels of supply being
under immense pressure at the same time as demand continued to grow, albeit
moderately," said the company in a statement.
As of 31 December 2022, the Group had cash and bank balances of
US$11.214 billion compared with debt obligations of US$712.2 million repayable
in 2023.
Boxship
hits pier in Taiwan’s port with drunk pilot on board
Hyundai Tokyo /
Source: VesselFinder.The 6,763 TEU container ship Hyundai Tokyo hit pier 77 of the
port of Kaohsiung in Taiwan on Monday (20 March), causing damage to the
quayside of the port.
The vessel, which also suffered hull cracks, was sailing fully
loaded from the port of Ningbo in China to the island’s largest port. According
to the latest reports, the pilot, who was on board Hyundai Tokyo at the time of
the accident, was found to be drunk and was suspended.
After this, all maritime pilots in the country will now face
mandatory alcohol breath tests before starting work.
Container
movement to fall in 2023: Mizuho Bank
Mizuho Bank's industry research division predicts that demand
for maritime container transport will fall in 2023 in a study on current supply
and demand trends and short-term forecasts in key industries.
Mizuho Bank believes that box movement will be slower in 2023,
especially in the Asia-Europe and Asia-North America trades, due to declining
consumption and normalising demand, which has increased dramatically since the
second half of 2020.
The third largest financial services company in Japan
anticipates a slight 1.4% year-on-year decline in container movement this year.
Spot rates have reverted to pre-pandemic levels, and annual
contract rates are expected to fall. As a result, the bank expects that freight
prices will be adjusted to reflect those in 2019.
Record
container throughput for King Abdulaziz Port
King Abdulaziz
Port / Source: Saudi Global Ports
King Abdulaziz Port in Dammam, Saudi Arabia handled 18,553 TEUs
on a single vessel, making it the highest throughput ever recorded across Saudi
ports.
The previous record of the port was 18,021 TEUs set in the
second quarter of 2022.
In addition, the milestone was achieved aboard the 20,000 TEU container vessel CSCL Indian Ocean, arriving from the Far East, through the efforts of container terminal operator Saudi Global Ports.
::
Air Cargo News ::
Air India integrates AirAsia India, Air India Express systems; nears consolidation completion
Air India has integrated the
reservations system and customer interface of its two low-cost subsidiary
airlines - Air India Express and AirAsia India, making a major move in the
Tata-owned flag carrier's plan to consolidate its airline entities.
"On 27 March, the two low-cost airlines
moved to a single, unified reservations system and website, and adopted common
social media and customer support channels," Air India said in a
statement.
The process largely involved Air India Express
migrating to the systems used by AirAsia India. Passengers will now be able to
make and manage bookings, and check-in to AirAsia India and Air India Express
domestic and international flights, on an all-new integrated website
airindiaexpress.com.
This comes five months after AirAsia
India was fully acquired and subsidiarised under Air India, and three months
after both AirAsia India and Air India Express were placed under a single CEO,
Air India said. Going ahead, the airlines will continue integrating other
internal systems and, eventually, their air operating permits and regulatory
posts.
Hailing the integration of the core reservations
and passenger-facing systems a significant milestone in the Air India Group’s
transformation journey, Campbell Wilson, CEO & MD at Air India said the new
Air India Express, operating both domestically and internationally using
systems optimised for low-cost airlines, gives the Group a much stronger LCC
platform.
The integration of Air India Express and Air
India will bring revenue, cost, and operational benefits through broader
adoption of each airlines’ best practices, systems, and routes, and confer
greater economies of scale, the company said.
Tata Sons has initiated consolidation of its
airline entities Vistara, AirAsia India and Air India Express under Air India,
a move that will make Air India the second largest airline in the country in
terms of fleet and market share.
Last month, Tata Sons owned Vistara
and Air India started their integration process as the two airlines look to
expeditiously complete the merger process.
Last year, Singapore Airlines (SIA) and Tata
Group announced a merger between Air India and Vistara, with SIA holding 25.1%
of the merged entity. The merger is expected to be completed by March 2024.
Vistara is a 51:49 joint venture between Tata Group and Singapore Airlines.
ECS predicts a rise in
demand as airlines ramp up operations
Image source:
Shutterstock
GSSA ECS is expecting a rise in demand for its Total Cargo Management (TCM) services this year as holidaymakers continue to return to the skies and leisure airlines ramp up services.
The aviation firm said that this year it expects a 30% tonnage increase for its TCM “all-in” operation this year due to a “strong increase in airlines’ frequency in this post-pandemic period”. The company said leisure carriers, in particular, are expected to increase their flying.
Robert Van De Weg, chief commercial officer of ECS Group, said: “2023 will be a very tough year market-wise for cargo but it will be good for the passenger side.
“So, it will be an interesting year, as passenger capacity continues to expand and new carriers aiming to benefit from this passenger boom will need solutions to get revenues from cargo as a by-product.
“With that in mind, it will make total sense for these airlines
to consider ECS Group’s All-In.”
The company said that given the difficult market conditions it
would benefit airlines to outsource their complete cargo operation so they can
focus on “unexpected difficulties and pressing challenges”.
ECS said there are also cost savings to be made: “The absence of
structure costs as ECS Group supplies its own staff, the sales optimisation
through the GSSA’s market coverage and interline potential, and the insurance
of a guaranteed annual revenue as capacities are purchased by the GSSA.”
deugro utilises AN-124s for
urgent petrochemical plant shipment
Source: deugroThe components were required due to a production line shutdown
at a petrochemical plant in Saudi Arabia.
“In close cooperation with the teams of deugro Italy, deugro
Saudi Arabia and deugro Air Chartering, the project was completed within this
very short time span, to minimize extremely costly downtime,” the company said.
The time-critical cargo units contained heat exchange equipment
with a total volume of 811 cu m and a total weight of 252,216 kg, including
convection modules with dimensions of 1,100 x 310 x 340 cm and weighing 54,500
kg.
Due to the dimensions of the heat exchanger modules, they could
only be transported with Antonov aircraft.
However, after the start of the military conflict in Ukraine,
which has dramatically impacted the heavy lift market and resulted in the loss
of the AN-225 aircraft, the biggest challenge was to
secure the required aircraft in time, the company said.
“While the heat exchanger modules, which were the main scope of
the shipment, were picked up from a supplier in Italy near Milan, the plant
operator requested on short notice another delivery of a fan casing from
another supplier in the Netherlands as an additional scope, which was added
during a stopover at Ostend-Bruges Airport in Belgium,” explained deugro.
The first two flights from Italy to Saudi Arabia each contained
three packages with a total weight of 86.81 and 71.50 metric tons respectively.
The third flight contained three packages with a total weight of
67.50 metric tons, which were loaded in Milan, and an additional four packages
weighing 26.41 metric tons, loaded at Ostend-Bruges Airport.
“Due to the critical schedule, an air charter solution was
selected to provide the shortest transit time. This allowed for choosing the
airports of origin and destination as close as possible to the supplier
locations and the plant site, and the schedule of the flights could be planned
in accordance with the manufacturing schedules,” said Joost Maranus, senior
project coordinator, deugro (Netherlands).
Several modules were too heavy to be lifted with the on-board
crane of the AN-124-100, meaning the loading and offloading had to be executed
using the carrier’s special loading ramps and external mobile cranes, which
deugro arranged at the origin and destination airports on time.
IAG Cargo hopes to benefit
from expanded Americas capacity
Photo: IAG CargoIAG Cargo will expand its Americas capacity by utilising the
belly capacity of new British Airways (BA) passenger flights to Aruba and
Guyana.
The cargo division of International Airlines Group (IAG) will
offer capacity on new passenger routes to Aruba (Oranjestad) via Antigua from
March 26, and Guyana (Georgetown) via St Lucia from March 27.
Both services will operate twice a week on a BA-operated Boeing
B777-200 widebody aircraft from from London Gatwick Airport.
Perishables, local produce and oil equipment are amongst the
exports that this capacity will serve, said IAG Cargo.
Rodrigo Casal, regional commercial manager for Latin America at
IAG Cargo, said: “We’re delighted to be able to provide more capacity to the
Americas, enabling our customers to reach further destinations through our key
hubs.
“The movement of cargo between Europe and Americas represents an
important trade route, and with our specialist products such as Critical and
Constant Climate we’re able to offer a speedy service and ensure that goods
stay in perfect condition every step of the journey.”
From March 26, IAG Cargo will also offer a direct
three-times-weekly service between London Gatwick and Trinidad, which was
previously reached via St Lucia.
IAG Cargo utilises the belly capacity of IAG’s subsidiary
airlines British Airways, Aer Lingus, Iberia, Vueling and LEVEL. It also has
partnerships that provide access to freighter capacity.
Last month, IAG Cargo increased
its widebody freighter capacity from London Heathrow to Amsterdam to
twice a week. Air Cargo News understands a third party is operating the
service.
IAG Cargo does not currently have any freighters and previously
said it has no current
plans to invest in freighters.
Bluebird adds another
freighter to the flock
Source: AviaAM
Icelandic cargo airline Bluebird Nordic has taken delivery of its fifth B737-800 converted freighter as it continues to expand its fleet. The carrier said that the addition of the new converted aircraft would help strengthen its position in the cargo market.
“We are thrilled to further strengthen our fleet with the addition of converted B737-800s,” said Audrone Keinyte, chief executive of Bluebird Nordic.“These new aircraft have already proven to be excellent assets, providing reliable and efficient operations with impressive range and payload capabilities for an aircraft of this size.
“We trust that by extending the fleet we will be able to further
strengthen our position in the cargo market, especially in Next Generation (NG)
segment.”
Bluebird Nordic now operates a fleet of one B737-300, six
B737-400 and five B737-800 full freighter aircraft. The airline plans to continue
growing its fleet in the next couple of years.
Only last week, the company announced
plans to add an Air Operator Certificate (AOC) in Slovakia as
it looks to expand operations in Europe.
The Icelandic ACMI leasing and cargo airline said that the
additional AOC was a “strategic move” that would allow it to enter “new and
prominent markets”.
The carrier, which is a member of the Avia Solutions Group, has
plans to grow the fleet to 25 aircraft in the next couple of years with a focus
on the Boeing Next Generation (NG) segment.
LATAM Cargo’s latest freighter to add European capacity
LATAM Cargo has taken delivery of its 17th freighter as it looks
to expand its European capacity.
The 11-year-old B767 freighter was converted in Singapore and is
part of an expansion plan that will see the airline operate 20 B767Fs by 2024,
almost doubling its pre-pandemic offering.
The cargo carrier said that the new aircraft would expand
capacity from Europe into South and Central America through New York and Miami.
The aircraft will also provide support on new routes, such as
the recently announced service calling Quito, Los Angeles, Houston, Manaus and
Viracopos.
Andrés Bianchi, chief executive of LATAM Cargo Group, said: “We
welcome this new freighter during another challenging period for the air
freight industry. When we designed our capacity plan in 2019 we had these
periods in mind.
“Therefore we sought to build a freighter fleet that could
sustain high levels of service while continuing to add value to our
shareholders during a downturn like this one.
“Complementing our broad belly network with an efficient,
mid-size aircraft like the Boeing 763F does that.
“Moreover, we can do so better as we continue capitalizing on
the productivity gains of recent years. “As a consequence, we are confident
this new addition will further contribute to strengthening our value
proposition and expand our network.”
Photo:
SwissportSwissport has secured a major contract with Chilean low-cost
carrier SKY Airline to provide airport ground services and cargo handling at
all 15 airports the carrier serves in the country.
The contract includes serving passengers at check-in and gates,
handling aircraft on the ramp, managing lost and found, and loading and
unloading cargo.
With this five-year contract, Swissport is adding 35,000 annual
flights in Chile, representing 190% growth from around 19,000 flights
currently.
“We are thrilled to have secured this significant contract with
Sky Airline, which will establish Swissport as the leading service provider in
Chile,” said Guillermo Alonso, managing director of Swissport in Mercosur.
“With our dedicated teams across Chile, we will provide Sky
Airline with the highest standards of quality, efficiency, and reliability. We
look forward to expanding our operations in this dynamic market.”
In Chile, with approximately 800 employees, Swissport currently
provides ground handling services at eight airports (Arica, Calama, Copiapó,
Concepción, Temuco, Puerto Natales, Punta Arenas, and the largest Chilean hub
in Santiago).
With the start of the operations under the new contract,
Swissport will expand its presence in Chile at seven additional airports
(Iquique, Antofagasta, La Serena, Valdivia, Osorno, Puerto Montt, Balmaceda).
Beyond Chile, Swissport offers its services to regional and
international airlines in South America – in Argentina (9 airports), Perú (8
airports), Uruguay (2 airports), Ecuador (4 airports) and Brazil (16 airports).
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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