JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in
Mobile : +91 98407 85202
Corporate
News Letter for Thursday April 13, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
82.08 |
-0.059998 |
-0.073043 |
82.06 |
82.14 |
82.0075- 82.115 |
|
|
1.0993 |
0.0081 |
0.742305 |
1.0912 |
1.0912 |
1.0909- 1.10 |
|
|
101.9091 |
-0.245193 |
-0.240023 |
102.0247 |
102.1543 |
101.8336- 102.1288 |
|
|
89.701 |
0.083298 |
0.092948 |
89.6396 |
89.6177 |
89.5849- 89.7531 |
|
|
133.117 |
-0.562988 |
-0.421146 |
133.68 |
133.68 |
132.739- 134.047 |
|
|
1.2479 |
0.0055 |
0.442688 |
1.2424 |
1.2424 |
1.2399- 1.2484 |
|
|
102.025 |
-0.179001 |
-0.175141 |
102.117 |
102.204 |
101.989- 102.158 |
|
|
0.6141 |
-0.0023 |
-0.373138 |
0.6143 |
0.6164 |
0.6126- 0.6148 |
: Sea Cargo News ::
37 cruise ships brought 85,000 passengers to Chennai port
The Chennai port received 37 cruise ships which brought 85,000 passengers and also registered an increase in export of cars last year. In addition to this, Chennai Port and Kamaraj port together are planning to handle 100 million metric tonnes of cargo in 2023-24. Chennai port handled 48.95million metric tonnes of cargo and Kamarajar Port handled 45.51 million metric tonnes of cargo in 2022-23, said Chennai Port Authority chairman Sunil Paliwal.
JNPA shifts location of new port at Vadhavan to offshore
site
State-owned Jawaharlal Nehru Port Authority (JNPA) plans to build
a mega port at Vadhavan near Dahanu in Maharashtra’s Palghar district at an
offshore location instead of the earlier onshore site, in a change that require
large scale reclamation for which material will be sourced from sand borrow
pits off the coast of Daman some 50 kms away.
The scope of the terms of reference (ToR) for the environment
impact assessment (EIA) study for the new port granted by the government’s
Expert Appraisal Committee (EAC) in October 2020 included reclamation and land
filling of 1,473 hectares of land using earth filling, which required 86.88
million cubic metres.
However, with the port layout being shifted to an offshore site,
the actual requirement of reclamation is estimated at some 200 million cubic
metres. Sources said that JNPA decided to shift the location of Vadhavan Port
offshore due to issues associated with sourcing of material for reclamation.
“Considering the much higher requirement of reclamation material
for the new port, it was decided to extract the fill material from marine
borrow pits located off the coast of Daman instead of earth filling due to the
ecological sensitivity of the region,” a person briefed on the plan said.
Trial run to Myanmar's Sittwe port in April
Kolkata port, now known as Syama Prasad Mookerjee Port, on Tuesday
announced that it has handled 65.66 million tonnes of cargo in the 2022-23
financial year, up by 12.87 per cent. It clocked a net surplus (profit) of Rs
304 crore in FY'23, increasing by over 152 per cent from Rs 120 crore in the
previous fiscal.
The port also said a long-awaited trial run to Sittwe Port in
Myanmar will be conducted in April with a cargo of 3,000 tonnes of cement. The
initiative is part of Kaladan Multimodal Transit Transport project.
The objective of the project is to provide alternative
connectivity to the North East region from Kolkata port through Sittwe Port up
to Paletwa in Myanmar by waterway and Paletwa to Zorinpui by road in Mizoram.
SMP Chairman P L Haranadh attributed the net surplus growth to higher cargo
handling, cost-cut measures and reduction in the requirement for contribution
to the pension shortfall fund.
He also said that provisioning for the pension liability shortfall
has been met according to the mandate. "SMP has exceeded the ministry's
target of 61 million tonnes. Our ranking improved by one notch to fifth among
all the major ports of the country," he said.
Indian importers and supply chain players are facing difficulties
securing customs clearance, due to major glitches on the national electronic
data interchange platform, known as Icegate.
As a result, import containers are piling up at port locations
across the country, according to industry sources. Stakeholders are concerned
over the inability to make customs duty payments through the electronic
gateway, an issue noted first cropped up when the authorities rolled-out the
new system on 1 April.
Many industry groups, including the Brihanmumbai Customs Brokers
Association (BCBA) of clearing agents in Mumbai, have raised alarm bells,
calling on government policymakers for intervention and a swift resolution. The
Central Board of Indirect Taxes and Customs (CBIC) said it was making every
effort to put things in order.
It explained: “Our technical teams are working overtime to fix some teething issues and the problems being temporarily noticed will be resolved at the earliest.” One Mumbai-based ocean freight forwarder told that, clearing agents were not coming forward to pick up delivery orders for vessels that arrived even last week. Containers overstaying on docks typically run the risk of demurrage charges and other penalties, with disputes often ending up in protracted legal action.
Ocean
carriers increase schedule reliability, Maersk ahead of competitors
The ocean carriers' global schedule reliability increased sharply by 7.7% month-to-month in February 2023, reaching 60.2%, according to Sea Intelligence.
On a year-to-year level, schedule reliability has marked a
staggering 26% rise. At the same time, the average delay for late vessel
arrivals decreased by 0.07 days month-to-month in February reaching 5.29 days,
while it is down 2.30 days year-to-year. In relative terms, the average delay
for late vessel arrivals is now closer to the 2019 level than to the highs of
2021-2022.
Meanwhile, Maersk was the most reliable top-14 carrier in
February with a score of 64.9%, followed by MSC with 64.4%. Hamburg Süd was the
third carrier with a reliability score of over 60%. In addition, the remaining carriers all had a
schedule reliability score between 50% and 60%.
ZIM was in the last position in February 2023 with a schedule
reliability score of 52% despite its significant improvement.
"All top-14 carriers recorded a month-to-month increase in
schedule reliability in February 2023, with PIL, ZIM, and Wan Hai all recording
double-digit improvements," noted Alan Murphy, CEO of Sea-Intelligence.
On a year-to-year level, all carriers recorded double-digit improvements in schedule reliability in February 2023, with Wan Hai recording the largest growth of 36.2%.
Hat-trick for Transworld Group with back-to-back ship
acquisitions
Shreyas Shipping and Logistics Ltd, the Indian-flagged vessel
owning company of the 46-year-old Transworld Group of Companies, a shipping and
logistics conglomerate, has made headlines by purchasing three container
vessels within just one week.
The Company's swift acquisition of the vessels underscores its
commitment to expanding its global reach and providing top-notch services to
its clients. The three vessels which have been renamed the SSL Godavari, SSL
Kaveri and SSL Thamirabarani.
The SSL Godavari has a capacity of 2,872 TEUs (Twenty-foot
Equivalent units), while the SSL Kaveri and SSL Thamirabarani, have a capacity
of 2,553 TEUs and 962 TEUs respectively.
This makes it the national leader in the Indian containerized
shipping industry with 12 feeder vessels with a total capacity of 26,085 TEUs.
Additionally, Shreyas Shipping also owns 2 handy size dry bulk carriers with an
aggregate of 69,000 DWT.
The addition of these vessels to Shreyas Shipping’s fleet will
enhance the company's capacity to meet the growing demand for shipping and
logistics services in the coastal Indian trade. The company already has a
strong presence in this region, with operations on east and west coasts of
India, and neighbouring countries, among other locations.
The Syamaprasad Mookerjee Port (SMP), Kolkata, will begin night
navigation operations for small vessels from August, this year, while
Ship-to-Ship (lighterage) operations have helped the port overcome the
challenges surrounding low draft, contributing towards increase in trans-shipment
cargo.
Addressing a press conference, the Chairman of the port, PL
Haranadh said that since Kolkata Port is dependent on tides it is not
accessible to vessels throughout the day unlike other major ports that are open
to vessels 24x7.
“However, we are starting night navigation facilities by August
2023 for small vessels which can then enter the port for cargo operations
during the night. The facility will be soon extended to all vessels by March
2024,” he said. The night navigation facility will include satellite
based-virtual buoys that will guide vessels at night between Sagar Island and
Kidderpore Dock.
A team from the Kolkata Port visited the Antwerp Port in Belgium where such a facility is in use since that port is also a riverine port. The Kolkata Port had also roped in IIT Chennai as a consultant in the project. Following the implementation, the facility is expected to increase the capacity of vessel calling.
Maersk expands UK network with new logistics facility
A.P. Moller – Maersk (Maersk) has signed a lease for a 685,000 square feet (63,000 square metre) facility at SEGRO Logistics Park East Midlands Gateway.
Maersk will further expand its network of warehouses across the UK
with the new lease, in addition to its warehouses in Doncaster, Tamworth, and
in Kettering. The newly built facility will be completed in June 2023 and is
part of a 700-acre development by the UK based real estate company SEGRO.
The logistics park reportedly features the UK’s only inland
freeport as well as a 50-acre Strategic Rail Freight Interchange (SRFI),
providing it with direct rail links to the seaports of Felixstowe, London
Gateway, and Southampton, according to Maersk.
This is anticipated to speed-up cargo flows while reducing on-road
freight mileage and emissions from hinterland transport. The warehouse itself
is constructed to meet low or very low greenhouse gas (GHG) emissions standards
for both embodied and operational emissions, Maersk reported.
It will incorporate a full roof mounted photovoltaic (PV) array
and extensive use of recycled construction materials.
:: Air Cargo News ::
CMA
CGM and Air France-KLM officially launch 10-year air cargo partnership
The long-term strategic air cargo cooperation of Air France-KLM
and the CMA CGM Group, which was announced
in May 2022, has officially commenced.
CMA CGM and Air France-KLM officially launch 10-year air cargo
partnership.
Air France-KLM Martinair Cargo, part of the Air France-KLM
Group, and CMA CGM Air Cargo, part of the CMA CGM Group, will combine their
cargo networks, full freighter capacity, and dedicated services aiming to build
a more compelling offering.
The collaboration between the two French giants will have an
initial duration of 10 years, as the deal has obtained all necessary legal
approvals from the relevant authorities.
With this agreement, Air France-KLM and CMA CGM will jointly
operate the full-freighter aircraft capacity of their respective airlines with
the combined capacity currently consisting of six full-freighter aircraft at
CMA CGM Air Cargo and six full-freighter aircraft at Air France-KLM
Group.
The commercial partnership also covers Air France-KLM’s belly
aircraft capacity, including 160+ long-haul aircraft.
"Our partnership will combine the best of both worlds:
flexibility, agility and world-class expertise for regular and dedicated
service,” stated Guillaume Lathelize, CEO of CMA CGM Air Cargo.
Maersk
announces two new air freight services between US and China
Maersk has announced it will offer two new air freight services
with frequent flights connecting the United States and China.
The Danish carrier will begin operations with two weekly flights
between Greenville-Spartanburg International Airport (GSP) and Shenyang Taoxian
International Airport (SHE), as well as two weekly flights between Chicago
Rockford International Airport (RFD) and Hangzhou Xiaoshan International
Airport (HGH).
Both services will be expanded to three weekly flights from May
2023. The trial will be carried out using three recently acquired Boeing
767-300 freighters that have recently been added to the inventory of Maersk Air
Cargo, Maersk's cargo airline, and will be operated by Amerijet International,
an American cargo airline based in Miami.
Maersk announced the inaugural flight of its new air
freight service with three weekly scheduled flights
between Billund (BLL) and Hangzhou (HGH) operated by Maersk Air Cargo on 20
March.
Additionally, the Copenhagen-based company recently
launched another
air freight service with regular flights between
Greenville-Spartanburg, South Carolina (GSP) and Incheon, Korea (ICN) operated
by Miami-headquartered cargo airline Amerijet International.
Source:
Cainiao
Just days after e-commerce giant Alibaba announced plans to
split its business up, reports are circulating that its logistics unit could be
set for an initial public offering (IPO). Bloomberg yesterday
reported that Alibaba’s logistics arm, Cainiao, is holding talks
with banks over a potential IPO in Hong Kong.
Quoting people familiar with the matter, the newswire said that
banks including China International Capital Corp and Citigroup were helping the
company prepare for a share sale. A listing could come before the end of the
year with the company valued at around $20bn, the contacts said.
Earlier this week, Air
Cargo News reported that the e-commerce giant is splitting
its business into six units each to be managed by its
own chief executive and board of directors.
This would allow the units to raise funds through share
offerings, the company said. “The market is the best litmus test, and each
business group and company can pursue independent fundraising and IPOs when
they are ready,” said Daniel Zhang, who will continue to serve as chairman and
chief executive of the Alibaba Group, in an email to employees. The group will
follow a holding company model, according to Alibaba’s news website, Alizila.
The six new groups will be made up of the Cloud Intelligence Group,
Taobao Tmall Business Group, Local Services Group, Global Digital Business
Group, Cainiao Smart Logistics and Digital Media and Entertainment Group.
Photo: Shutterstock
China’s first cargo-focused airport has launched its inaugural
international route with a Belgium-bound flight.
The all-cargo aircraft, loaded with some 100 tonnes of freight,
departed Ezhou Huahu Airport in Hubei Province on April 1, according to China’s
state press agency Xinhua.
This route is scheduled to provide two round-trip cargo flights
each week between China and Europe, adding 400 tonnes of air express capacity,
according to the aircraft’s operator SF Airlines, which
now has 80 freighters.
Logistics service provider SF Express holds a 46% stake in Hubei
International Logistics Airport Co., Ltd., the operator of Ezhou Huahu
Airport. Ezhou Huahu Airport began
operations in July 2022.
In November, the
airport launched its first all-cargo domestic air route,
linking Ezhou with Shenzhen in south China’s Guangdong Province. The airport, which features a 23,000 sq m
cargo terminal, a nearly 700,000 sq m freight transit centre and two runways,
is expected to open 40 domestic freight routes and about four international
freight routes by the end of this year.
In February, it was announced that ST Engineering’s Commercial
Aerospace business and SF Airlines would set up a commercial airframe
maintenance, repair and overhaul (MRO)
joint venture in Hubei province.
Air Cargo News’ sister publication, FlightGlobal said
the airline’s board approved the listing of China Southern Air Logistics on
March 28, stating that the move has “commercial reasonableness, necessity and
feasibility”.
The Chinese Government’s zero-Covid policy severely impacted
flights in and out of the country during the pandemic, and China Southern
Airlines suffered record losses in 2022.
The airline reported an operating loss of CNY22.5bn in the year
to 31 December 2022, a significant uptick against 2021’s CNY9.9bn loss,
said FlightGlobal.
The airline’s board noted that steps were taken to cut flights
and reduce costs, but the company’s operations suffered a “relatively
significant impact and incurred losses”.
Established in 2018, China Southern Air Logistics provides air
cargo logistics services and flights.
China Southern Airlines operates more than 850 passenger and cargo
transport aircraft.
Starting from wet-leased freighters, China Southern Cargo now
operates a self-owned fleet of two Boeing B747-400Fs and twelve B777-200Fs. It
has established Shanghai and Guangzhou as its “dual-cargo-hubs” and developed a
freighter network that covers 10 domestic and international stations.
Plans to list China Southern Air Logistics were first announced
at the end of November last year, though the airline said then it had not
submitted any official applications.
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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