JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in
Mobile : +91 98407 85202
Corporate
News Letter for Friday April 28, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's
LOW-HIGH |
|
81.84 |
0.07 |
0.085606 |
81.69 |
81.77 |
81.605- 81.855 |
|
|
1.1019 |
-0.0022 |
-0.199258 |
1.1041 |
1.1041 |
1.0992- 1.1064 |
|
|
101.8505 |
-0.107895 |
-0.105822 |
101.9295 |
101.9584 |
101.748- 101.9886 |
|
|
90.329 |
0.045006 |
0.049849 |
90.2761 |
90.284 |
90.1975- 90.4048 |
|
|
134.034 |
0.363998 |
0.272311 |
133.67 |
133.67 |
133.222- 134.198 |
|
|
1.247 |
0.0001 |
0.008021 |
1.2469 |
1.2469 |
1.2437- 1.2499 |
|
|
101.503 |
0.035995 |
0.035475 |
101.382 |
101.467 |
101.283- 101.516 |
|
|
0.6118 |
-0.0006 |
-0.097972 |
0.6118 |
0.6124 |
0.61- 0.6128 |
: Sea Cargo News ::
ONE increases sailing frequency for Africa, India and Middle East (AIM)
service
Ocean Network Express (ONE) is pleased to announce that the Africa, India and Middle East (AIM) service will increase its sailing frequency from fortnightly to weekly starting from May 2023. This is part of ONE’s commitment to enhance our services in Africa.
The
increased frequency will begin from the Westbound sailing arriving at Jebel Ali
on 6th May 2023 and the Eastbound sailing from Tema on 9th June 2023.
The
AIM service rotation remains unchanged as follows:
Jebel
Ali - Mundra - Nhava Sheva - Colombo - Durban - Tema - Tincan - Apapa - Durban
- Jebel Ali (Weekly frequency). This
upgrade to a weekly sailing frequency, will provide greater flexibility and
convenience to cater to the dynamic needs of ONE’s customers.
HMM to conduct field tests of onboard carbon capture system for containership
HMM
announced that it plans to conduct field tests of an onboard carbon capture system(OCCS)
for containerships along with SHI(Samsung Heavy Industries) and PANASIA in the
second half of this year.
OCCS
is an advanced technology to capture CO2 from greenhouse gas emissions
generated during vessel operation, ensuring it is not emitted into the
atmosphere. This solution has the potential to play a significant role in
reducing CO2 emissions.
HMM
has performed a feasibility study with PANASIA on OCCS for its
MPV(Multi-purpose vessel)since both companies signed a Memorandum of
Understanding(MoU) last September.
The
study revealed that OCCS could be installed without changing the existing
equipment of the ship and does not hinder the stability of vessel operation.
The collected carbon becomes liquefied in a pressurized tank and can be used for
manufacturing dry ice or smart farm on land.
Based
on these findings, HMM will fit OCCS in its containership for an operational
test with SHI and PANASIA later this year. HMM will take charge of the
operation of OCCS, while the others will provide engineering support.
In
addition, HMM decided to replace the propellers of six containerships with more
efficient ones specially designed for slow steaming. The replacement process
will start in 2024, and HMM expects to increase energy efficiency by 8-9%.
An HMM
official said, “We will continue its efforts on a pathway to carbon neutrality
by 2050 based on collaborative work with various industrial players”.
Port of Oakland March container volume rises
The
Port of Oakland’s March total container volume increased 10.7% over February
2023 volume. Overall exports (loaded and empty containers) rose 13.1% compared
to February 2023. Overall imports also rose by 7.9%.
This
March marks the first month since November 2020 that Port of Oakland loaded
exports have outpaced full imports.
“Exports
are very important to Oakland and it’s great to see an upswing in our total
export cargo volume compared to February; we hope to see that continue,” said
Port of Oakland Maritime Director Bryan Brandes. “Meantime, we are focused on
the long-range picture, building infrastructure that will make maritime
operations at Oakland more efficient and cleaner for years to come.”
The
Port of Oakland is on a road to zero emissions from seaport operations. The
Port recently approved a milestone environmental ordinance.
Loaded
exports dropped 6.1% in March 2023, with 65,635 TEUs (twenty-foot containers)
versus 69,878 TEUs in March 2022. Empty exports declined 28.8%, registering
26,225 TEUs this March in contrast to 36,832 TEUs in March 2022.
Full
TEUs continue their downswing compared to March 2022, registering a 23.3% drop,
with 125,946 TEU’s handled by the Port this March in contrast to 164,148 TEUs
in March 2022.
This
year’s first quarter full TEU volume declined by 20.5% compared to the first
quarter 2022. Loaded imports dropped
36%, with 60,311 TEUs transiting the Port, compared to 94,271 TEUs in March
2022. Empty imports rose 34.3%, as 18,097 TEUs passed through the port versus
13,479 TEUs in March 2022.
Wan Hai to
deploy two newbuildings on Far East to US rotation
Wan Hai Lines held a ship naming ceremony for Wan Hai A02 and
Wan Hai A03 at HD Hyundai Industries Ulsan Shipyard, accompanied by a charity
donation.
These two vessels are the second and third vessels in the series
of 13,200 TEU container ships built by HD Hyundai Heavy Industries.
They are also designed with a length overall of 335 meters, a
breadth of 51 meters, a draft of 16 meters and a maximum cruising speed of 22
knots.
Besides, both ships are certified with “Smart Ship” notations.
Wan Hai A02 and Wan Hai A03 will be deployed on Wan Hai's Far East to US
services.
According to the Taiwanese box carrier, the container ships are
equipped with full-balanced twisted bulb rudders, pre-swirl fin and meets the
highest level of requirement for EEDI (Energy Efficiency Design Index) for
phase III in advance.
Largest
container ship in Portuguese port history calls at Sines
MSC TessaThe Ultra
Large Container Vessel (ULCV) MSC Tessa called
at the port of Sines in Portugal on 14 April on its maiden voyage and became the
largest boxship ever to dock in a Portuguese port.
The global port operator PSA said the arrival of the 400-metre
MSC Tessa with a loading capacity of 24,116 TEUs gave PSA Sines the opportunity
to showcase the terminal’s operational capabilities in cargo handling,
executing around 4,500 container movements during MSC Tessas’s port stay.
Managing director of PSA Sines Nichola Silveira commented,
"The maritime business is transforming, and all the main shipowners are
building vessels that are over 400 metres long."
He added, "Currently, our terminal is the only Portuguese
facility that can receive mega container ships. In a bid to cater to our
clients’ evolving demands, we are in the process of expanding our facilities to
accommodate up to three mega container ships at our terminal
concurrently."
Ports of
Singapore, Los Angeles and Long Beach ink green and digital shipping agreement
The Maritime and Port Authority of Singapore (MPA Singapore), Port of Los Angeles and Port of Long Beach, with the support of C40 Cities, signed a memorandum of understanding (MoU) in order to establish a green and digital shipping corridor between Singapore and the San Pedro Bay ports complex.
The agreement of the major global container ports is expected to
support the decarbonisation of the maritime industry and improve efficiencies
through digitalisation.
In particular, C40 is the facilitator of the green and digital
shipping corridor, providing support to the cities, ports, and their corridor
partners by coordinating, convening, facilitating, and providing communications
support.
Ahead of the revision of the International Maritime
Organization’s (IMO) Initial Strategy for the Reduction of Greenhouse Gas
Emissions from Ships in July 2023, the three ports will come together with the
C40 Cities network and other stakeholders in the maritime and energy value
chains, to jointly accelerate the decarbonisation of the maritime industry in
line with the goals of IMO.
The memorandum also builds on the ports’ long-standing
cooperation through platforms such as the Port Authorities’ Roundtable and
chainPORT, and complements bilateral initiatives between Singapore and the
United States such as the US-Singapore Climate Partnership and the US-Singapore
Partnership for growth and innovation.
"No single port or organisation can tackle the challenge of
decarbonising the supply chain alone, no matter how innovative their technology
or robust their efforts. The establishment of this green shipping corridor
between the San Pedro Bay Port Complex and Singapore will prove to be a living,
breathing testament to the power of global collaboration," said Gene
Seroka, Port of Los Angeles executive director.
Norwegian shipping company Torghatten AS launches the world's
first self-driving commercial passenger ferry, entirely powered by electricity.
This passenger ferry will operate between the Stockholm islands
of Kungsholmen and Södermalm in Sweden, commencing in June.
The idea of autonomous urban ferries started at the Norwegian
University of Science and Technology (NTNU) in Trondheim. Based on the
researchers' results, the company Zeabuz was founded, in which Torghatten AS is
a co-owner.
Many large cities around the world have problems with
congestion, lack of capacity and environmental and air pollution, according to
Torghatten, and self-driving technology will be part of the solution and will
be good for both the climate and people, says Reidun Svarva, chief business development
officer at Torghatten.
Valenciaport
sees quarterly decline in container traffic despite March’s increase
Port of Valencia handled more than 1.1 million TEUs in the first
quarter of the year, translating to a year-on-year decrease of nearly 10%,
despite the box growth in March.
During the previous month, the Spanish port reported that
393,838 container units were moved through its terminals, representing an 11.5%
increase compared with the same month in 2022.
In particular, full export containers grew by 8.46% and import
containers by 28.56%, while those in transit fell by 4.14%.
Moreover, in the third month of 2023, 6.7 million tonnes of
goods were moved through Valenciaport’s docks. This number shows an
increase of 11.5% compared to the figures in March 2022.
::
Air Cargo News ::
A CMA CGM takeover of Bolloré
Logistics could create top five airfreight forwarder
CMA CGM Air Cargo ground
services. Photo: Hactl
Following the news of the potential acquisition, the Bolloré Group revealed that the takeover could see its logistics business combined with that of CMA CGM’s CEVA Logistics.
“The current prospects for freight demand impel us to be a
global player, with a worldwide geographical footprint and local expertise,”
the group said in a statement.
“We are committed to support our customers in their
international development by delivering tailor-made, competitive, agile, and
innovative solutions.
“The joining of Bolloré Logistics’ and CEVA Logistics, a
subsidiary of the CMA CGM Group, owing mostly to the complementarity of their
activities and networks, would pursue these same objectives.”
In 2021, the latest figures available from consultant Armstrong
& Associates, showed Bolloré Logistics ranked number 10 in terms of annual
airfreight volumes with 656,000 tonnes, while CEVA occupied the number 14 spot
with 474,000 tonnes.
If the two companies were to be combined, airfreight volumes
would reach 1.13m tonnes (based on 2021 volumes).
This would make the combined entity the world’s fifth-largest
airfreight forwarder, knocking Expeditors out of the top five and closing the
gap on the leading four forwarders: Kuehne+Nagel (2.2m tonnes), DHL Global
Forwarding (2.1m tonnes) and DB Schenker (1.4m tonnes).
In terms of total 3PL revenues, the combined entity would rank
number eight in the world with revenues of $17.7bn, based again on Armstrong
& Associates figures for 2021. CEVA Logistics currently ranks
number 10 on this list while Bolloré is at number 27.
The rankings could, of course, be affected by last year’s
performance where European firms were more affected by inflation and the
Ukraine war than elsewhere in the world, while there would no doubt be some
customer attrition caused by the merger.
There is also the possibility that the deal might not go
ahead. The negotiations do not guarantee an acquisition will take place,
the CMA CGM Group noted.
Explaining the logic behind the move, the shipping and logistics
group explained: “The negotiations are in line with the Group’s long-term
strategy, based on the two pillars of shipping and logistics. The Group’s
strategy is to offer end-to-end solutions in support of its customer’s supply
chain needs.”
DHL Express orders 9 B777-200LR converted
freighters
DHL Express has ordered nine Mammoth Freighters-converted Boeing 777-200LR freighters from lessor Jetran.
The first cargo aircraft will be delivered in 2024, with the remaining aircraft to be supplied until early 2027.
The 777-200LRs will replace DHL’s older Boeing 747 freighters as
part of the sustainability-focused plan to modernise DHL Express’ long-haul
intercontinental fleet.
DHL Express said ordering converted freighters with a shorter
useful life provides an efficient bridge between current and new airframe
technologies, such as those used with the new generation 777-8F and Airbus
A350F widebody freighters.
“We are excited to welcome Mammoth-converted 777-200LRFs to the
DHL Express family,” stated Robert Hyslop, executive vice president global
aviation at DHL Express.
“With the modernisation of our intercontinental fleet, we can
simultaneously enhance our proven ability to meet growing demand, improve our
environmental footprint and deliver best quality service to our customers.
“We are pleased to continue demonstrating to partners and
customers alike how these advancements elevate our service and bring us closer
to our Sustainability Roadmap goals.”
The Mammoth converted 777-200LR freighter has similar
characteristics to the production freighter. With a payload capacity of 102
tons and a range of 9,200 km, the 777F has the largest capacity and range of
all twin-engine freighter aircraft and is more reliable than older B747 planes,
said DHL Express.
It is also more fuel-efficient and reduces CO2 emissions by 18%
compared to legacy airplanes. Between 2018 and 2022, DHL bought 28 new
777-200Fs from Boeing – 18 of those aircraft are currently in service. The
remaining aircraft will be delivered from 2023 to 2025.
The aircraft form a key part of DHL’s intercontinental air
network, in which DHL Express operates more than 300 dedicated aircraft with 18
partner airlines on over 2,400 daily flights, across 220 countries and
territories.
Based in Orlando, Florida, Mammoth Freighters was founded in
December 2020 specifically to design, develop, convert, and support the
development of passenger to freighter conversions. The launch type is the
Boeing 777 – both the 200 LR and 300 ER variants.
In two days’ time (April 22) Canadian carrier WestJet will
launch its first-ever freighter service following the certification
of its 737-800 Boeing Converted Freighters (BCF)
in March.
The operation will initially start with three 737-800BCFs flying
between Calgary, Halifax, Toronto, Vancouver, Los Angeles and Miami. However, WestJet executive vice president for
cargo, Kirsten de Bruijn said that the carrier hopes to expand flights into
Latin America after it adds its fourth 737, currently in modification in Costa
Rica.
De Bruijn wouldn’t be drawn on exactly which countries the
airline would target – as the carrier is still in the process of registering
the aircraft in those countries – but said that they are likely to be in the
northern part of Latin America. Due to the range of the aircraft, the flights
will need to include a stop in the US to avoid breakage in the maximum payload,
which for the 737-8000BCF is around 23 tonnes.
“I want to get the approvals [before announcing destinations],”
de Bruijn said. “It will be in the north of Latin America because we need the
maximum payload to feed the Miami hub.” On the services that have been
announced, de Bruijn said that the first focus is on serving the domestic
Canadian market and then optimising its current bellyhold network which
includes 787 Dreamliners.
She explains that the airline recently announced its ‘Go West’
strategy which will focus on Calgary as its main hub for its widebody passenger
flights.
The freighters can be used to move cargo into and out of Calgary
to help fill the widebodies through “beyond selling” with links to other
Canadian destinations.
Los Angeles will similarly help optimise the widebody belly.
Meanwhile, the Miami flights will cater to imports and exports coming to and
from Latin America and Canada.
On other investments, the airline has already added a new
management team and a new
digital platform but she says there are further
improvements to come from the new system.
Product managers are also being added to the team which will
allow the carrier to further enhance its offering to make the most of the
opportunities offered by the freighter aircraft.
She explained: “Regulations for freighters are completely
different so we can expand the container types we can offer, there are quicker
cut-off times because the security requirements are different for domestic
Canada rather than international, and also freighter to freighter is different
to freighter to belly with security and screening requirements.”
“Those are our main strategic focuses for this year while in the
background working on and confirming the long-term strategy.”
On launching freighter services during a slowdown in demand, de
Bruijn felt that the current trends were more of a normalisation than a
downturn following the post-Covid boom.
She pointed out that volumes were roughly tracking pre-Covid
2019 levels.
Meanwhile, she added that the size of Canada, the weather
conditions and difficulties for overland transport meant freighters would
always be required, especially in the northern part of the country.
“We are less affected than the global economy, but I’m not
saying we are not affected and that we don’t see the pressure in the current
market,” she said, adding that as a new entrant into the current market
conditions had meant the airline had been laser focussed on having a good
launch.
She also pointed out that freighters are a long-term investment
and air cargo has always been a cyclical market.
On the launch of flights this weekend: “I am really happy that
we can start and show the market that has been hearing about us for the last
two years that finally the day has come.”
Source: Icelandair
Icelandair Cargo has taken delivery of its second Boeing 767-300
converted freighter and carried out the aircraft’s first flight to Liege
Airport.
The aircraft (TF-ISP) is named ‘Heimaey’ and joins the
carrier’s first
767-300 converted freighter, received in December.
“Our second Boeing 767 freighter, TF-ISP (Heimaey), came home to
Iceland yesterday in her new livery from Shannon, Ireland,” said Icelandair
Cargo in a LinkedIn update.
“Heimaey is ready to serve our markets on both sides of the
Atlantic and was put straight to work with her first flight being to Liege,
Belgium, late last night.”
In 2021, Icelandair announced it would sell
two B767-300ER aircraft to Titan Aircraft Investments (TAI) for
conversion into freighters and lease back to the airline.
Both of the 767 conversions were carried out by ST Engineering.
The airline also has two 757-200Fs. With its long range and high carrying
capacity, the 767-300 freighter can serve a wide variety of markets and
transport a wide variety of goods.
The aircraft can be configured
in several ways, with up to 24 ULD’s with PAG/P1P side by side configuration on
main deck and additionally 11 ULD’s on lower deck, with four PMC’s and seven
DQF containers, said Icelandair Cargo on its website.
Uplift is up to 49 tonnes
capacity depending on flight route and the nature of cargo. The 757-200
mid-size narrowbody freighter is ideal for short to medium-haul routes and
suits freight transportation between Europe and North America.
The aircraft can carry 15
PAG/P1P unit loading devices on the cargo main deck and additionally loose
loaded freight can be carried in the below compartments. Uplift capacity range
is from 34 tons to 38 tons depending on aircraft version, flight route, and
cargo type.
Natilus completes UAV
prototype flights
3.8 ton
payload short-haul feeder UAV. Photo: NatilusCalifornian autonomous cargo aircraft developer Natilus has successfully completed multiple flights of the subscale prototype of its 3.8 ton payload unmanned aerial vehicle (UAV).
The flight tests for the ‘Kona’ short-haul UAV mark a significant milestone for Natilus by validating wind tunnel tests conducted over three years, testing the aerodynamic performance of the Natilus blended-wing-body (BWB) aircraft design.
The subscale prototype of the domestic feeder aircraft took off from a private runway in Southern California and reached speeds of 70 mph.
Natilus said one the key challenges with the BWB design has been
stability – and the test flights validated that the Natilus configuration can
fly without the help of a complex autopilot system.
“We are fully focused on completing the full-scale Kona
prototype,” stated Aleksey Matyushev, Natilus co-founder and chief executive.
“Our Kona remotely piloted aircraft will be capable of carrying over 9,000
pounds (4.3 metric tons) of freight and will open new markets worldwide.
“The progress of Natilus developing autonomous cargo aircraft is
a game-changer in the logistics industry, providing an efficient and
cost-effective solution for shipping goods across oceans.”
Natilus has also recently completed the full-scale prototypes of
both vertical tails. The company will receive Hartzell propellers in May,
gearing up for the manufacture of the engine test stand.
The 85 ft full-scale Kona demonstrator, the smallest of the
Natilus fleet, will be the largest commercial air cargo drone targeted to fly
in 2024, said the company.
Kona will also help to open new markets for air cargo as the
vehicle can land and take off on unpaved runways as short as 800 m.
The patent-pending ‘Diamond’ cargo-bay allows Natilus to offer
60% more volume and lower flight costs by 60%. Natilus aircraft can hold a
large configuration of standard pallets, and outsized cargo, without a
contouring requirement.
Natilus announced last month that the company has received total
commitments to date for $6.8bn, for delivery of more than 460 aircraft.
In December last year, Natilus partnered with engineering and
manufacturing company Janicki for composite
part design and fabrication for the
Kona UAV prototype.
In August 2022, Natilus selected Pratt & Whitney Canada
to supply
the engines for the Kona UAV. Natilus is also developing
Alisio – a 60-ton payload medium/long range UAV, and Nordes – a 100-ton
payload long-range UAV.
IAI to produce freighter conversions at Incheon
Airport
Israel Aerospace Industries (IAI) has signed an agreement with
Sharp Technics K and Incheon International Airport Corporation, to establish a
facility for the passenger-to-freighter conversion of Boeing 777-ERSF (Big
Twin) aircraft.
Within the framework of the collaboration agreement, IAI plans
to convert widebody 777-300ER aircraft at South Korea’s Incheon Airport from
2024.
IAI’s Aviation Group recently conducted the first
flight of its 777-300ERSF for lessor AerCap.
At the same time, IAI is in the final stages of receiving the
necessary licensing approval, a process that is expected to be concluded within
the year.
After conversion, the 777 will be able to carry loads of up to
100 tons. It will join IAI’s family of converted aircraft, including the Boeing
747, 767, NG737, and the Classic 737.
IAI’s president and chief executive, Boaz Levy, said: “The
signing Ceremony held today reflects our close technological partnerships and
business collaboration with the Republic of Korea. ROK and IAI are natural
partners, sharing values and a bright vision of mutual technological
innovation.
“We are happy to promote local partnerships, and work together
on developing advanced solutions for present and future changing needs. IAI
offers a wide variety of defense solutions and technological advancements for
the region and for the Republic of Korea.”
Executive vice president and general manager of IAI’s Aviation
Group, Shmuel Kuzi, said: “Today’s signing of the agreement with Sharp and
Incheon International Airport represents a direct continuation of the many
collaboration agreements already existing between IAI and South Korean
companies, and underscores the confidence that the company has in South Korea’s
ability to set up a conversion facility within the required timetable, while
training the necessary personnel.
“IAI’s Aviation Group is a world leader in the field of
wide-body passenger-to-freight aircraft conversions, and operates several such
lines in Israel and around the world. I look forward to expanding our strategic
cooperation with Korean companies and with the South Korean government.”
In 2021, IAI
started structural modification work on the first B777 freighter conversion on
behalf of programme partner GE Capital Aviation Services (GECAS) – since
absorbed into AerCap.
The first aircraft is expected to deliver in the first half of
2023 to US cargo airline, Kalitta Air.
In January, AerCap
signed lease agreements for four 777-300ERSF aircraft with
Hong Kong-based global air cargo charter company, Fly Meta.
The aircraft are scheduled to deliver in 2024 through 2025.
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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