JUPITER SEA & AIR SERVICES PVT. LTD,
EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in
Mobile : +91 98407 85202
Corporate
News Letter for Saturday April 01, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
82.17 |
-0.18 |
-0.21858 |
82.12 |
82.35 |
82.0875- 82.27 |
|
|
1.0866 |
-0.0039 |
-0.357639 |
1.0905 |
1.0905 |
1.0858- 1.0926 |
|
|
101.8401 |
0.193405 |
0.190272 |
101.8159 |
101.6467 |
101.7547- 101.9404 |
|
|
89.6138 |
0.177597 |
0.198574 |
89.556 |
89.4362 |
89.5183- 89.68 |
|
|
133.089 |
0.389008 |
0.293148 |
132.70 |
132.70 |
132.593- 133.595 |
|
|
1.2361 |
-0.0025 |
-0.201845 |
1.2386 |
1.2386 |
1.2345- 1.2423 |
|
|
102.262 |
0.118004 |
0.115527 |
102.197 |
102.144 |
102.048- 102.273 |
|
|
0.6184 |
-0.0022 |
-0.354497 |
0.618 |
0.6206 |
0.6177- 0.6194 |
: Sea Cargo News ::
Ferry service between India and Sri Lanka to commence end
of April
Sri Lanka
will commence the operations of the passenger ferry service between
Kankesanthurai and Pondicherry on the 29th of April, says the Ministry of
Ports, Shipping and Aviation.A discussion on the proposed ferry service between
Pondicherry in India and Kankesanthurai in Sri Lanka was held on Friday (March
24) under the patronage of Minister of Ports, Shipping and Aviation Nimal
Siripala de Silva.
The meeting had also been joined by the Sri Lanka Ports Authority, officials of the Ministry of Ports, Shipping and Aviation, Sri Lanka Navy and the owners of ferries and companies that have expressed interest to operate ferry services.
During the discussion
with Minister Nimal Siripala De Silva, ferry owners have mentioned that they
will be charging 50 US Dollars per passenger for a one-way trip, while allowing
a passenger to carry baggage weighing 100kg. Only daytime operations will be in
effect during the first stage. A ferry is expected to carry 150 passengers at a
time and will take around 4 hours to travel from Karaikal Port in Pondicherry
to Kankesanthurai.
Gwadar Port abuzz with 200,000 MTs wheat in 25 days
Despite many challenges, Gwadar port is abuzz
with fast-track processing of 200,000 metric tons of wheat import from Russia
over the last 25 days, said an COPHC official. Rest of wheat, he said, to be
administered at Gwadar Port is around 250000 MTs.
Talking to Gwadar Pro, the official said that
four vessels that include MV Lila Chennai, MV Rich, MV Veruda and MV Dorado out
of total nine vessels bringing wheat to Gwadar port have arrived so far.
“Gwadar port witnessed zero handling loss for the discharge and dispatch of
wheat since March 2 when the first ship was anchored.”
All loading, offloading and transportation, he
mentioned, have been handled and administered with precision. Eastbay
Expressway that exclusively connects Gwadar Port with Makran Coastal Highway
bypassing city roads is the sole route being used for the movement of
wheat-loaded trucks.
“Previously the trucks used to squeeze through
congested city roads of Gwadar that not only used to add extra load on local
city arteries but also used to impair flow of movement of trucks,” Haji Razzaq,
a transporter said.
Green Port policy soon with focus on carbon neutrality
India will soon roll out a green port policy to
encourage local ports to adopt emerging global standards on carbon neutrality,
helping attain the broader long-term national goal of net zero emissions.
Officials said the policy will define the
parameters for green port categorisation besides incentives for undertaking the
transition toward less polluting fuels and improving efficiency to lower
overall emissions. "The policy will define how the green ports model will
be woven into with the Public Private Partnership (PPP) models already deployed
in ports," a senior government official said.
It will also provide for reduction of emission
and have built-in incentives for doing so. "It will provide for
integration with the Green Hydrogen mission with a focus on how to use the
clean fuel in the port and shipping industry," the official said. The
Panchamrit (five nectar elements), defined by Prime Minister Narendra Modi at
the United Nations Climate Change Conference in Glasgow (COP26), will be
guiding principles of the policy. Under the Panchamrit, the Prime Minister has
set a national target of raising the non-fossil energy capacity to 500 GW by
2030.
Increased draft depth needed to handle large vessels:
Parliamentary panel
A parliamentary committee has stressed on the
need for increasing the draft depth of almost all the ports of the country
under the Sagarmala Programme according to their respective cargo profile.
Increased draft depth helps ports handle larger vessels.
In its latest report, the department-related
parliamentary standing committee on transport, tourism and culture said that
the draft depth at major ports, both in the channel and berths, has been
historically low and ranges from 7 metres in older ports up to 20 metres in
newer ports.
The draft depth is not commensurate with the
change of ship sizes and changes in cargo trends such as containerisation.
"Though the government has taken a number of initiatives to modernise our
ports under the Sagarmala Programme, a lot remains to be done to ensure
deep-draft availability to handle mega ships," the committee said.
It observed that increased competition and
economy of scale has fuelled the development of bigger ships and to accommodate
such vessels, ports must have access channels of sufficient depth along with
advanced and highly efficient terminal facilities.
Adani Ports Mundra clocks 40 vessel movements in a day
Adani Ports Mundra, a bustling hub of maritime
activity on India’s western coast, has accomplished a remarkable feat. In a
span of just 24 hours, the port managed to handle an overwhelming 40 vessel
movements, setting a new record and exceeding their previous achievement of 39
vessel movements.
This accomplishment speaks volumes about the
port’s impressive capacity, unparalleled efficiency, and unwavering ability to
handle a massive volume of cargo. It’s a testament to the hard work and
dedication of the port’s skilled professionals, who have once again proven that
Mundra Port is a force to be reckoned with in the world of maritime logistics.
“The management of the port expresses their
sincere appreciation and acknowledgement of the hard work and dedication
exhibited by the team responsible for achieving this significant milestone.
We recognize that the success of the port is a
result of the collective efforts of various departments. The unwavering
commitment of the team to provide seamless services has played a crucial role
in enhancing the port’s reputation.” Spokesperson, APSEZ.
Interested in improving rupee trades with G20 countries
The country will use the G20 platform to
further push the cross border trade settlement in rupee with the member
countries, Commerce Secretary Sunil Barthwal said on Monday. He said the focus
will be on those countries that are facing problems with a particular currency
or a basket of currencies, and are looking to come out of that crisis.
“We are interested in improving the trade with
respect to the currencies of the countries that are trading (with India).
Definitely, we would like to see that rupee trade also happens, particularly
with those countries which are facing (currency) issues,” Barthwal said while
answering a question on whether India will use the G20 platform to boost rupee
trades.
He was addressing the media on the eve of the
first Trade and Investment Working Group (TIWG) under India’s G20 Presidency,
to be held in Mumbai from March 28 to 30.
India is holding the G20 Presidency from
December 1, 2022 to November 30, 2023. Last year in July, the Reserve Bank of
India (RBI) had put in place a mechanism to settle international trade in
rupees to promote growth of global trade with emphasis on exports from India
and to support the increasing interest of the global trading community in the
rupee.
Want to upgrade free-trade agreement with ‘next growth centre’ India: Ranil Wickremesinghe
Calling India “the next growth centre” with potential
to trigger growth in all of South Asia, Sri Lankan President Ranil
Wickremesinghe has said he wants to upgrade the existing free-trade agreement
between the two countries into a more wide-ranging economic and technology
cooperation pact, and to harness the “synergies” of Sri Lanka and Tamil Nadu.
At an
interaction with scholars at Harvard University’s Centre for International
Development on March 24, Wickremesinghe laid out an economic recovery plan for
Sri Lanka that includes increasing the country’s international trade by more
than 100 per cent of its GDP, developing Sri Lanka as a regional logistics hub
and setting up the “first climate change university” for the Indian Ocean
region.
Wickremesinghe said over the next 10 years, he
envisaged an annual growth in trade of $3 billion from new exports, plus new
annual investments to the tune of another $3 billion. He said the $3 billion
IMF programme was more than just the money, as it would unlock credit from
other sources, including bilateral and private lenders to help stabilise the
country over the next two years.
China's biggest export hub struggles to stay afloat amid
uncertainties
Amid a weakening global economic outlook and a
rise in tensions with the United States of America (USA), China's manufacturing
sector is finding it difficult to stay afloat. According to a Financial Times
(FT) report, China's biggest export hub Kunshan is struggling to provide jobs and
competitive wages to its workers.
Located 50 km from Shanghai, the county used to
boast up to 30 per cent higher wages than other provinces, mainly due to the
presence of critical component manufacturers there. But now the companies are
cutting back their production amid the slowing economy of China, high inflation
and weak global sentiments.
Exports from China have declined for the last
five months. This impact has been exacerbated as China's economy is mainly led
by exports. According to FT, policymakers are struggling to find another growth
engine to offset a decline in foreign trade. Some companies have reduced wages
by up to 66 per cent and have scrapped the sign-on bonus.
Moreover, many have also stopped taking more
orders creating a labour oversupply. This has pulled the hiring down.
China maintains its spot as top destination for Saudi
exports
China emerged as the top global export
destination for Saudi Arabia in January 2023 accounting for 14.8 percent of
total Saudi exports valued at SR15.6 billion ($4.15 billion). It was followed
by Japan with exports valued at SR11.7 billion – 11.2 percent of the total, and
India SR10.8 billion, which was responsible for 10.2 percent, data released by
the General Authority for Statistics showed on Monday.
As for the Kingdom’s imports, China also took
the lead, accounting for 22.2 percent of the total, worth SR14.8 billion. The
US followed with SR6.5 billion, or 9.8 percent of the total. India came in
third with SR4.7 billion, or 7.1 percent of the total imports, showed the
report.
The Jeddah Islamic Sea Port let through 30.8
percent of the total imports worth SR20.5 billion, making it the Kingdom’s
primary port for incoming goods. The Kingdom’s non-oil exports, including
re-exports, decreased by 6.7 percent to SR23 billion in January 2023 compared
to the SR24.6 billion recorded during the same period a year earlier.
In its report, GASTAT noted that the Kingdom’s
non-oil exports were pulled down by a 6.4 percent drop in chemical and allied
industries, accounting for 30.6 percent of non-oil merchandise exports in
January.
::
Air Cargo News ::
World's first flight of a cargo-converted B777-300ER
successfully completed
Israel Aerospace Industries (IAI) announced the
successful completion of the first test flight, as part of the final
certification process for the B777-300ER passenger aircraft converted to a
cargo configuration, known as The Big Twin.
On conclusion of the certification process by
the Civil Aviation Authorities, The Big Twin will be the first twin engine
aircraft of this type, able to carry 100 tons' cargo payload.
This program adds to IAI’s 45-year aircraft
conversion track record including the B767-200/300, B747-400, and B737-700/800
freighter programs, in service today.
In response to the strong demand for cargo
aircraft, IAI is currently establishing a number of remote conversion
facilities around the world, in addition to the facilities at IAI’s home
company.
During the last year, IAI’s Aviation Group has
signed hundreds of millions of dollars of passenger-to-cargo conversion
contracts with the world’s leading aviation companies including AerCap,
Emirates Cargo, Challenge Group, EVA Air and CargoJet.
WFS grows partnership with Qatar Airways cargo in north America
Qatar
Airways Cargo is extending its global partnership with Worldwide Flight
Services (WFS) with the awarding of a new three-year cargo and freighter ramp
handling contract at New York’s John F. Kennedy International Airport.
Under
the agreement, WFS is initially providing cargo services in support of 11 Qatar
Airways’ Boeing 777 passenger services a week and three B777 freighter flights,
handling a projected 45 million kilos per annum. Destinations served by the
airline ex New York JFK include Doha, Mexico City, and Liege in Belgium.
WFS
is now responsible for managing all aspects of the cargo handling process for
Qatar Airways Cargo at New York JFK, including cargo acceptance, screening,
build-up and breakdown of pallets and containers at its dedicated Building 75
facility. WFS is also providing full freighter handling and ramp parking for
Qatar’s B777F at its Building 76 operation at the airport.
“This
is a very significant new contract for WFS with one of our leading global
clients. In North America alone, Qatar Airways Cargo is now partnering with WFS
in Boston, Dallas, Houston, Philadelphia, Pittsburgh, and Seattle, as well as
in New York. As the largest cargo handler at JFK, Qatar Airways Cargo
recognises the value we will bring to their operational efficiency and customer
experience through the significant expertise and resources we can leverage.
Qatar Airways’ customers will enjoy a priority service through the dedicated
WFS warehouse facility we are providing for the airline,” said Mike Simpson,
Executive Vice President, Americas.
WFS
is continually striving to improve its cargo handling operations through
innovation, new technologies, and support for its customers’ premium special
products. It is in the process of obtaining GDP (Good Distribution Practice)
certification for Building 75 to support the handling of pharma and other
special products. Intuitive tools have also been adopted by WFS for management
and frontline staff to manage and track its cargo operation, including visual
dashboards, across all JFK facilities.
These
tools presently monitor the progress of import cargo, with an export version
now in development. A new dock management system rolled out at WFS’ buildings
at JFK is also enabling trucking companies to forward book appointments for the
delivery and retrieval of cargo, resulting in significant resource planning and
productivity gains for all stakeholders. Currently, WFS operates eight cargo
and mail facilities at New York JFK, serving 42 airline customers and handling
over 560 million kilos annually.
In
2024, WFS will also commence a 15-year lease on a new, state-of-the-art 346,000
square feet cargo terminal in the first phase of the Port Authority of New York
and New Jersey’s comprehensive Vision Plan to enhance the international
reputation of JFK. The new facility will have a throughput capacity of over 300
million kilos a year.
Menzies continues expansion in Latin America
Menzies
aviation, the leading service partner to the world’s airports and airlines,
continues its expansion in Latin America with new ground services and air cargo
services launching in Costa Rica and Chile.
In
Costa Rica, Menzies has been awarded licenses to operate ground services at
Juan Santamaría International Airport (SJO), the country’s largest airport and
primary airport for international travellers, and at Liberia Guanacaste Airport
(LIR). Additionally, Menzies is expanding its portfolio at SJO with a cargo
facility in partnership with Terminales Unidas (TUSA).
Menzies
is the only aviation services provider operating in SJO Costa Rica that offers
the full suite of ground, air cargo, and security services, and is focused on
developing and growing all three services at airports across the country.
In
Chile, following the acquisition of a controlling stake in Agunsa Aviation
Services last year, Menzies Agunsa has now secured permits which enables it to
provide air cargo services to the market.
The
recently formed Menzies Agunsa partnership will operate a 65,000 square foot
on-airport cargo warehouse at Santiago de Chile Airport (SCL), which can handle
import cargo and courier products. This builds on Menzies existing ground
services business at SCL where it serves several airlines including United
Airlines, Delta Air Lines and Qatar Airways.
John
Redmond, EVP Americas, Menzies Aviation said: “We have experienced rapid
growth in Latin America over recent years where we have grown our operations
from two countries in 2019 to six.
We
now have operations across Mexico, Colombia, Costa Rica, El Salvador, Guatemala
and Chile. We are very excited about these latest additional opportunities in
Costa Rica and Chile, and look forward to further strengthening our network in
this attractive market.”
Asia Pacific Airlines to
retrain crew after FAA grounded its fleet
Photo:
Asia Pacific Airlines
Cargo airline Asia Pacific Airlines is working on getting its fleet back in the sky with crew training after it was grounded by the Federal Aviation Administration (FAA).
The FAA
issued an Emergency Order of Suspension on
February 1 to the operating authority of Aero Micronesia Inc., doing business
as Asia Pacific Airlines because it was “unable to demonstrate that its pilots
were properly trained” said the US government agency.
Adam Ferguson, president at Asia Pacific Airlines, told Air Cargo News that
after the company appealed the FAA decision to the National Transportation
Safety Board (NTSB): “15 of the 26 allegations regarding our Instructor
training records were dismissed by the NTSB.”
He added: “However, since the hearing we must work with the FAA
to discern a new Training Center and have our crews re-trained.”
This is in progress and the airline expects to “be back in the
air soon”, according to Ferguson.
Ferguson said last month that Asia Pacific Airlines was in full
compliance with all training record requirements, and its pilots were fully
qualified to provide the crew training at the time the suspension was issued.
However, the airline had been warned last year by the FAA it was
not compliant with regulations.
Asia Pacific Airlines is an FAA part-121 supplemental all-cargo
carrier. Headquartered in US island territory Guam it operates across the Asia
Pacific region.
The carrier operates a fleet of 757-200Fs, but its website does
not specify how many.
Asia Pacific Airlines is a wholly-owned subsidiary of Tan
Holdings Corporation.
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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