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 July 28, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
81.94 |
-0.059998 |
-0.073168 |
81.93 |
82.00 |
81.90- 82.0325 |
|
|
1.0984 |
-0.0102 |
-0.920081 |
1.1086 |
1.1086 |
1.0974- 1.0986 |
|
|
106.3417 |
0.467201 |
0.441278 |
106.2517 |
105.8745 |
106.0894- 106.4868 |
|
|
91.2812 |
0.468193 |
0.515557 |
90.983 |
90.813 |
90.9069- 91.3195 |
|
|
139.174 |
-1.06601 |
-0.760132 |
140.24 |
140.24 |
138.71- 139.596 |
|
|
1.2802 |
-0.0139 |
-1.074109 |
1.2941 |
1.2941 |
1.2788- 1.2803 |
|
|
100.672 |
-0.215004 |
-0.213114 |
101.102 |
100.887 |
100.551- 101.109 |
|
|
0.5846 |
0.0009 |
0.154184 |
0.5847 |
0.5837 |
0.584- 0.5873 |
:: Sea Cargo News ::
Eight
seafarers missing after Malaysian cargo ship capsizes
The eight-man crew of a Malaysian cargo ship are feared trapped in the vessel, after it overturned and capsized on the night of 19 July.
The domestic vessel, Tung Sung, is believed to have gone down rapidly amid heavy rain, leaving the seafarers with no time to react. Four Myanmar nationals, three Malaysians and one Indonesian make up the crew.
Tung Sung, which plied only Malaysian coastal waters, capsized four nautical miles northwest of Pulau Burung in Sebuyau, a coastal town in Sarawak.
At a press briefing at the scene today (21 July), Malaysian Maritime Enforcement Agency’s (MMEA's) Sarawak branch director First Admiral Zin Azman Md Yunus said the missing men could only be recovered by righting the vessel. However, an appropriate contractor with the right divers and equipment has to be appointed.
Adm Zin
Azman said, "This process needs to be done as soon as possible and it
takes about four to five days if the weather is good and 10 days or more in bad
weather.” He hinted that chances of
pulling the crewmen out alive are slim, as nearly two days have passed, and
there was a long delay between the incident and the MMEA receiving the report.
Tung
Sung flipped over around 11 pm local time on 19 July, but the MMEA was only
notified around 9.40 am local time the following day. Nearly 100 officers and
personnel from various agencies, including MMEA, the police and civil defence
force, are patrolling the surrounding waters in hopes of finding the missing
men.
Noting
that the region has been facing unusually heavy rain this month, Adm Zin Azman
said that for safety reasons, the righting operation will have to pause in the
event of bad weather. The admiral said that making Tung Sung upright will be
daunting, as the hull overturned in 50m-deep murky waters.
Adm Zin
Azman noted, “Divers need to identify the appropriate points to do underwater
welding and hook each point with a cable to be connected to the crane, then a
crane will pull the ship (upright) slowly.”
CMA CGM implements peak season surcharge from Asia to South Africa
CMA CGM has announced a new peak season surcharge (PSS) from
Asia to South Africa that will be effective from 21 August.
The
French ocean carrier noted that the surcharge will be US$300 per TEU and will
be applied to dry, reefer, out-of-gauge (OOG) and breakbulk cargo.
The
surcharge will be applied from ports in North East Asia, South East Asia,
Mainland China, Hong Kong SAR, Macau SAR and Taiwan to South Africa.
Lowest
ever tick on Transatlantic in 12 years, China-US trade rates ride strong to
pull WCI above US$1,500
Source: www.vesselfinder.com
The Shanghai-New York trade ended at US$2,906, logging a weekly gain of over 7%. The rates for China-Europe ended in a near status-quo. At a time when the other trade rates ended in the red territory for the week the transatlantic tickers showed the rates for Rotterdam-New York at US$1,640, their lowest in 12 years. Prior to this, the lowest level locked on the trade lane was at US$1,691 last recorded around November 2017.
The rates for the trade lane dunked a good 7% this week to breach those levels. The rates for the trade lane have more than halved in just six weeks. The rates for China-Mediterranean dipped another 2% for the week but are at about 20% higher than their lowest levels recorded in the post-pandemic era.
It must be noted that this was the first time the WCI had
recorded consecutive upticks on a weekly basis since its fall from Chinese New
Year 2022. While the fall has stemmed temporarily owing to the strong showdown
from Transpacific rates, this could also traditionally be because the months of
June to September saw some high volumes in 2022 (Far East-North America) to
stack up inventory for the high consumption season.
Wan Hai signs US$95 million financing deal with Standard Chartered
Wan Hai 288 /
Source: www.vesselfinder.comWan Hai
Lines Ltd. announced the completion of a 10-year NT$3 billion (around US$95
million) sustainability-linked shipping financing agreement with Standard
Chartered Bank.
This is
the first sustainability-linked shipping finance done by the container shipping
industry in Taiwan. Wan Hai said it
recognises the impact of the shipping industry on the global environment and
has set clear carbon reduction targets, committing to a 50% reduction in carbon
intensity of its fleet by 2030 compared to 2008 levels.
The
Taiwanese ocean carrier obtained dual certifications in greenhouse gas
inventory ISO 14064-1:2018 and GHG Protocol since 2022, with a 5.2% reduction
in fleet CO2 emissions intensity compared to the previous year, representing a
decrease of approximately 34% compared to 2008.
The
sustainability-linked shipping financing agreement with Standard Chartered is
designed to link Wan Hai's fleet carbon indicators. Sustainalytics has been
engaged as the Secord Party Opinion provider with the assessment result of
“Very Strong” for KPI and “Ambitious” for SPT, in recognition of Wan Hai’s
strong commitments to decarbonization beyond that required by IMO.
To
further accelerate carbon reduction, in 2022, Wan Hai established a project
research team, classification societies, and academic institutions to conduct
preliminary feasibility studies on low-carbon/zero-carbon fuels.
The
company also participates in the Clean Cargo Working Group (CCWG), Getting to
Zero Coalition, and Silk Alliance, strengthening the exchange of environmental
knowledge, information, and technology with industry peers.
Update:
Kaohsiung seals harbour after boxship lists – Fears of over 1,000 containers
adrift
Photo of
containers drifting in water / Credit: Lynne LiuTaiwanese
government officials swung into emergency mode this morning (21 July), after
the container ship Angel sank in Kaohsiung, causing fears that more than 1,000
containers are now adrift.
While
moored at Kaohsiung’s anchorage No. 2, the 2003-built 1,581 TEU Angel suffered
a crack hull and subsequent water ingress on the morning of 20 July, and began
listing severely. The ship captain sent a distress call to Taiwan International
Ports Corporation, around 9 am, saying the 19-man crew was abandoning the vessel.
All of them were rescued and one injured seafarer was sent to a hospital.
Initially,
six of the 1,349 empty containers on Angel fell into the water, and Kaohsiung
Harbor 1 was sealed off to prevent the spread of oil spills and to salvage the
fallen containers. However, despite two tugs being sent to the scene, Angel
could not be stabilized and sank around 9 am today.
Marshall
Islands-incorporated Navramar Shipping is shown in databases as being the owner
of Angel, which had arrived in Kaohsiung from Dalian, China, on 2 July. While
VesselsValue lists the last charterer of the ship as Taiwan-based Cheng Lie
Navigation (CNC Line), CMA CGM’s intra-Asia arm, a CMA CGM spokesperson told Container
News that CNC Line redelivered the ship (formerly Hansa Langeland)
between June and November 2013, and had not been involved with the vessel
thereafter.
Chou
Chun-mi, the mayor of neighbouring Pingtung county, said on her Facebook page
that the containers may drift southwards, to the waters off Taiwan, and
officials have taken steps to prevent ships from hitting the boxes.
Ships
and fishing boats passing through the area will be notified to be extra
vigilant, and to inform the Maritime Port Bureau if any stray containers are
spotted. The Environmental Protection Administration is also looking out for
any oil slicks.
Update:
KDB to exchange 37% of HMM convertible bonds; state to sell nearly 58% stake
Offices of Korea
Development Bank (KDB) / Credits: Martina Li
Korea
Development Bank (KDB) has announced that as part of its divestment of HMM's
shares, it will sell all its existing shares, plus 37% of its convertible
bonds. In a notice posted on 20 July on Korea Online E-procurement System,
which manages the South Korean government’s procurement processes, including
bidding and contract-signing, KDB said that it will sell its 20.69% stake,
comprising 101.19 million shares.
KDB will also exchange KRW1 trillion (US$782 million) of the
KRW2.7 trillion (US$2.1 billion) of its convertible bonds into shares to be
sold along with the original 20.69% stake.
Korea
Ocean Business Corporation will also sell all its 97.59 million HMM shares,
amounting to a 19.96% stake. This means that after the convertible bonds are
exchanged for shares, there will be 398.78 million HMM shares to be sold by KDB
and KOBC, amounting to a 57.88% stake.
KDB
said that it will exchange the first set of convertible bonds on 2 October,
when the state policy lender can exercise the call option on the bonds.
If
convertible bonds and bonds with warrants held by KDB and KOBC are converted
into shares, the number of outstanding shares of HMM will increase to 689.03 million
from 489.03 million.
KDB’s
ownership will rise to 29.2%, amounting to 211.9 million shares and KOBC’s
stake would go up to 28.68%. The market expects the sale price of HMM to be
around KRW5 trillion (US$3.9 billion).
South
Korean media reports suggested that KDB will exchange its remaining convertible
bonds, amounting to a 14% stake, after most of the state’s interest in HMM is
sold. The National Pension Service and Korea Credit Guarantee Fund, both
government organisations, hold another 12% of HMM’s shares, meaning that the state
could remain a substantial shareholder.
Woo
Oh-hyun, chairman of Samra Midas group, parent of HMM’s compatriot competitor
SM Line, has made known his interest in acquiring HMM, but
local media reports claim that the government is more inclined towards a more
established conglomerate that could run HMM stably.
APM
Temrinals invests US$60 million in electrification pilot projects worldwide
Offices of Korea
Development Bank (KDB) / Credits: Martina Li
Korea
Development Bank (KDB) has announced that as part of its divestment of HMM's
shares, it will sell all its existing shares, plus 37% of its convertible
bonds. In a notice posted on 20 July on Korea Online E-procurement System,
which manages the South Korean government’s procurement processes, including
bidding and contract-signing, KDB said that it will sell its 20.69% stake,
comprising 101.19 million shares.
KDB will also exchange KRW1 trillion (US$782 million) of the
KRW2.7 trillion (US$2.1 billion) of its convertible bonds into shares to be
sold along with the original 20.69% stake.
Korea
Ocean Business Corporation will also sell all its 97.59 million HMM shares,
amounting to a 19.96% stake. This means that after the convertible bonds are
exchanged for shares, there will be 398.78 million HMM shares to be sold by KDB
and KOBC, amounting to a 57.88% stake.
KDB
said that it will exchange the first set of convertible bonds on 2 October,
when the state policy lender can exercise the call option on the bonds.
If
convertible bonds and bonds with warrants held by KDB and KOBC are converted
into shares, the number of outstanding shares of HMM will increase to 689.03 million
from 489.03 million.
KDB’s
ownership will rise to 29.2%, amounting to 211.9 million shares and KOBC’s
stake would go up to 28.68%. The market expects the sale price of HMM to be
around KRW5 trillion (US$3.9 billion).
South
Korean media reports suggested that KDB will exchange its remaining convertible
bonds, amounting to a 14% stake, after most of the state’s interest in HMM is
sold. The National Pension Service and Korea Credit Guarantee Fund, both
government organisations, hold another 12% of HMM’s shares, meaning that the state
could remain a substantial shareholder.
Woo
Oh-hyun, chairman of Samra Midas group, parent of HMM’s compatriot competitor
SM Line, has made known his interest in acquiring HMM, but
local media reports claim that the government is more inclined towards a more
established conglomerate that could run HMM stably.
APM
Temrinals invests US$60 million in electrification pilot projects worldwide
Korea
Development Bank (KDB) has announced that as part of its divestment of HMM's
shares, it will sell all its existing shares, plus 37% of its convertible
bonds. In a notice posted on 20 July on Korea Online E-procurement System,
which manages the South Korean government’s procurement processes, including
bidding and contract-signing, KDB said that it will sell its 20.69% stake,
comprising 101.19 million shares.
KDB will also exchange KRW1 trillion (US$782 million) of the
KRW2.7 trillion (US$2.1 billion) of its convertible bonds into shares to be
sold along with the original 20.69% stake.
Korea
Ocean Business Corporation will also sell all its 97.59 million HMM shares,
amounting to a 19.96% stake. This means that after the convertible bonds are
exchanged for shares, there will be 398.78 million HMM shares to be sold by KDB
and KOBC, amounting to a 57.88% stake.
KDB
said that it will exchange the first set of convertible bonds on 2 October,
when the state policy lender can exercise the call option on the bonds.
If
convertible bonds and bonds with warrants held by KDB and KOBC are converted
into shares, the number of outstanding shares of HMM will increase to 689.03 million
from 489.03 million.
KDB’s
ownership will rise to 29.2%, amounting to 211.9 million shares and KOBC’s
stake would go up to 28.68%. The market expects the sale price of HMM to be
around KRW5 trillion (US$3.9 billion).
South
Korean media reports suggested that KDB will exchange its remaining convertible
bonds, amounting to a 14% stake, after most of the state’s interest in HMM is
sold. The National Pension Service and Korea Credit Guarantee Fund, both
government organisations, hold another 12% of HMM’s shares, meaning that the state
could remain a substantial shareholder.
Woo
Oh-hyun, chairman of Samra Midas group, parent of HMM’s compatriot competitor
SM Line, has made known his interest in acquiring HMM, but
local media reports claim that the government is more inclined towards a more
established conglomerate that could run HMM stably.
APM
Temrinals invests US$60 million in electrification pilot projects worldwide
The US$60 million electrification pilot
programme at Aqaba Container Terminal, APM Terminals Barcelona, APM
Terminals Mobile, Pier 400 Los Angeles, and Suez Canal Container Terminal has
recently started.
APM
Terminals has announced agreements with Konecranes and SANY for long-term
partnerships on the development of electric port equipment to support these
pilot projects.
SANY will supply APM Terminals with ten electric terminal
tractors, two electric reach stackers, and two electric empty container
handlers. Additionally, APM Terminals was the first company to place an order
for four battery-powered Konecranes Noell straddle carriers, which will be
delivered in the third quarter of 2024. Both orders involve charging infrastructure
as well.
"Completion
of the pilots is expected early 2025 and knowledge and insights gained from the
pilots are likely to drive up supply, encourage the development of
industry-wide best practices, and stimulate ongoing development long
term," said the Maersk-owned port and terminal operator.
The
five terminals were chosen for their decarbonisation maturity levels, as well
as their supporting local authorities and laws. Next-generation electrified
equipment will be tested at these places, and workers will be trained in
future-ready safety and maintenance protocols. Jelle Burger, Program Lead
Electrification Pilots at APM Terminals said the pilot and investment package
was intended to 'create a spark’ that will ignite the manufacturing sector,
creating jobs and business opportunities.
In the next decade, APM Terminals estimates it will need to buy or retrofit over 1,500 electric Terminal Tractors (eTTs), 500 electric Reach Stackers (eRS), as well as electric Empty Handlers (eEH), electric Top Loaders (eTL), 100 electric Straddle (eSC) and Shuttle (eShC) Carriers and 550 Rubber Tyred Gantry cranes (RTGs).
"This is not an investment
on which we will expect to see an immediate or short-term return,” he pointed
out. “We are making this investment as a solid benefit for our customers in the
long term. It can be seen as ‘seed money’ to stimulate growth in carbon-neutral
tools for the benefit of the entire sector and the earth itself,” he added.
Port of
Rotterdam posts lower earnings amid container volume decline
Port of Rotterdam has seen a decrease in its container
throughput during the first half of the year, handling 6.7 million TEUs, which
translates to an 8.1% decline over the same period in 2022.
At the
same time, Rotterdam's box throughput fell by 9.3% in terms of tonnes reaching
64.4 million tonnes in the first six months of 2023. Port of Rotterdam
Authority believes the termination of volumes to and from Russia and the fall
in imports from Asia are the main reasons for the container decline.
Meanwhile,
roll-on/roll-off traffic (RoRo) dropped 3.2% to 13.3 million tonnes. In
addition to declining demand due to high inflation and stockpiling, the RoRo
segment is also affected by the weak UK economy, according to the port
statement.
Additionally,
the general cargo segment fell to 3.4 million tonnes, marking an 11.5%
year-on-year fall. "The main reason is that a lot of general cargo is
again being shipped in containers given the low container rates," noted
the Dutch port.
In the same period, the Port of Rotterdam Authority saw
increased revenue but lower earnings and profits.
Revenue,
mainly from port dues, and rental and leasehold income, was €4.3 million
(US$4.8 million) higher than in the first half of 2022 climbing at €416.5
million (US$465 million). However, operating expenses have also risen by €10.2
million (US$11.4 million) to €134.6 million (US$149 million).
As a
result, earnings before tax, interest, depreciation and amortisation (EBITDA)
fell by €5.9 million (US$6.5 million) to €281.9 million (US$316.3 million) and
the net result was down €26.1 million (US$29 million) at €116.5 million (US$130
million).
LNG is
becoming cheaper than VLSFO
Sea-Intelligence analysts looked at developments in prices for
Liquid Natural Gas (LNG) as a maritime fuel. The IMO2020 regulations
necessitated the need to reduce sulphur emissions; the choice was between Very
Low Sulphur Fuel Oil (VLSFO), LNG, or scrubbers, as all were viable options,
but it was entirely unclear, which was the “right” choice.
"As
the market evolved, we first saw a spike in VLSFO prices, suggesting a good
case for scrubbers. Then the premium dropped rapidly, and scrubbers seemed like
less of a good idea. The premium then escalated once more, making the case for
scrubbers," noted a Sea Intelligence official.
With the Russian invasion of Ukraine, LNG prices spiked to
extreme levels. Now, LNG prices are getting to a point, where it is cheaper
than VLSFO. LNG should be compared to (VLSFO) prices, as LNG is a fuel which,
like VLSFO, adheres to the IMO2020 low-sulphur regulation, without the vessel
having to install a scrubber regulation, without the vessel having to install a
scrubber.
Source: Sea-Intelligence.com, Sunday Spotlight, issue 623
In the absence of publicly available global LNG prices, we have
used Rotterdam prices as a proxy.
"The
question is, of course, whether Rotterdam prices are representative of the
global prices," wonders Alan Murphy, CEO of Sea-Intelligence. He went on
to explain that "by comparing IFO380 prices in Rotterdam to the global
average for IFO380, there is indeed a good match, although the fuel price at
Rotterdam is typically lower than the global average. In the first half of July
2023, this price discount in Rotterdam was on average 34 US$/ton."
He
added, "The extreme LNG price spike in 2021-2022 'drowns out' the more
recent developments. To get a better view of those, Figure 1 shows the price
difference between LNG and VLSFO in 2023. Even with the -34 US$/ton discount
taken into account, it is evident that we are now in a situation, here the
usage of LNG is financially advantageous compared to VLSFO fuel."
PIL ship
Kota Bistari arrested in Chittagong
Kota Bistari /
Source: Kota BistariThe
Chittagong Port Authority (CPA) has arrested a container vessel of Pacific
International Lines (PIL), namely Kota Bistari, being ordered by an admiral
court, for damaging three boxes.
The
ship, with containers onboard, was supposed to sail on Wednesday noon but could
not do so due to the court order after an importer filed a case seeking
compensation for the damage.
Now the
Singapore flag carrier vessel with outbound containers onboard has been sent to
the outer anchorage of Chittagong port and will stay there until the issues are
solved, Ahsan Habib, Senior Manager, Operations, Logistics, and SOC Marketing
at PIL (Bangladesh) Ltd confirmed. He
said talks are underway with the party that filed the case for a solution.
“We
could successfully discharge the three containers that were damaged onboard,”
he pointed out.
Habib
said since Thursday (20 July) all the pending issues could not be resolved
indicating that they could not manage suspension or vacation of the court order
which held the ship from sailing.
“We are
hopeful that the issues can be resolved within a day or two and the ship may
sail again on Sunday,” he added.
:: Air Cargo News ::
Titan Airways takes delivery of fourth A321P2F
Titan
Airways is pleased to have taken delivery of their fourth Airbus A321 freight
aircraft. The A321P2F, registered G-POWW, arrived at their London Stansted base
from Singapore, following conversion by EFW..
In 2020 they became one of the first operators in the world of
the latest technology Airbus A321P2F. Today they operate three of these freight
aircraft on their Maltese register, while the newest addition is joining their
UK fleet. The aircraft will go into the paint shop at the end of the month and
enter revenue service early August.
The type boasts the lowest fuel burn in its class and is the
first freight aircraft in its segment to offer a fully containerized lower
deck. Plus, state-of-the-art technology ensures the highest levels of
reliability.
The Airbus A321P2F is a perfect fit for their
all-Airbus passenger and cargo fleet, which also includes the Airbus
A320-200, Airbus A321-200, Airbus A321neoLR and the Airbus
A330P2F.
Saudia Cargo expands European services through agreement with Jan de Rijk Co.
Saudia
Cargo, a leading provider of air cargo services, has signed a strategic
agreement with Jan de Rijk Co., a prominent European transportation and
logistics company, to enhance its services and expand its reach in Europe. The
signing ceremony took place on the 19th of July, 2023, at Saudia Cargo’s
headquarters in Jeddah, solidifying the collaboration between the two industry
leaders.
Under this agreement, Saudia Cargo will leverage Jan de Rijk's
extensive trucking network, which comprises a fleet of specialist vehicles, to
bolster its operations and strengthen its presence in Europe. Jan de Rijk Co.,
founded in 1971, is a top provider of European transportation, distribution
services, and supply chain management solutions. The company's expertise and
in-depth knowledge of key industries make it an ideal partner for furthering
Saudia Cargo's ambitious expansion plans.
Jan de Rijk Logistics operates in five business units:
international transport, Benelux distribution and last-mile deliveries,
contract logistics, road freight forwarding, and intermodal transport. Over the
years, the company has focused on continuous development and optimization to
achieve a leading position in its desired vital market segments.
With
a solid commitment to customer-centric solutions, Jan de Rijk Co. has gained a
reputation for delivering efficient and reliable services tailored to the
unique needs of its clients.
Saudia Cargo's collaboration with Jan de Rijk Co. marks a significant
milestone in its growth strategy, enabling it to tap into new opportunities and
further build up its European operations. Saudia Cargo aims to enhance its
service offerings and deliver seamless end-to-end logistics solutions to its
customers by utilizing Jan de Rijk's extensive network and specialist vehicles.
"We are delighted to partner with Jan de Rijk Co. to extend
our footprint in Europe and provide enhanced logistics services to our valuable
customers," said Teddy Zebitz, CEO of Saudia Cargo. "Jan de Rijk's
extensive experience and proven track record in the European transportation
industry align perfectly with our business growth objectives.
Besides,
we both share same mission towards sustainability, which is an important issue
for the air cargo industry, and air cargo carriers that adopt sustainable
practices can help to protect the environment, improve safety, and enhance
their brand reputation. Together, we will enhance our offering for innovative
and efficient solutions that cater to the evolving needs of the regional and
global market."
Fred Westdijk, CEO of Jan de Rijk Co., expressed his enthusiasm
for the collaboration, stating, "This agreement with Saudia Cargo presents
a remarkable opportunity for both organizations. By combining our strengths, we
will unlock new avenues for growth and better serve our customers. We look
forward to a fruitful partnership and its mutual benefits."
The agreement between Saudia Cargo and Jan de Rijk Co.
demonstrates both companies’ commitment to providing exceptional logistics
services and advancing the logistics industry. By merging their collective
expertise, resources, and networks, Saudia Cargo and Jan de Rijk Co. are poised
to achieve several vital milestones due to the collaboration.
AFKLMP Cargo receives IATA CEIV Lithium Batteries certification
Air
France KLM Martinair Cargo is pleased to announce the successful attainment of
the IATA Centre of Excellence for Independent Validators Lithium Batteries
(CEIV Libatt) certification for Air France Cargo and its hubs at Paris Charles
de Gaulle and Chicago O'Hare.
Safety is a top priority at Air France KLM Martinair Cargo
(AFKLMP Cargo), ensuring the best possible transportation of dangerous goods,
such as lithium batteries, which are increasingly in demand.
On 11 July, Christophe Boucher, EVP of Air France Cargo, visited
the IATA offices in Geneva to accept the much sought-after lithium battery
certification for Air France Cargo and its hubs at Paris Charles de Gaulle and
Chicago O'Hare. Certification is preceded by a strict assessment, which not
only confirms an organisation's commitment to upholding the highest safety
standards, but also ensures the safety of employees and operations by
continually improving and maintaining standards.
Christophe Boucher, EVP of Air France Cargo: “We are very proud
of this certification that proves that Air France KLM Martinair Cargo applies
the highest industry standard with regards to the handling of Lithium
batteries. We keep on working on the different aspects of the handling and
transportation of such shipments in order to ensure the maximum level of safety
to our passenger and cargo customers”.
The certification programme of the Centre of Excellence for
Independent Validators Lithium Batteries (CEIV Li-batt) is specifically
designed to enable shippers, freight forwarders, cargo handling facilities and
airlines to fulfil their safety obligations by complying with regulations for
transporting lithium batteries.
“We congratulate Air France KLM Martinair Cargo on achieving
CEIV Lithium Battery Certification. Lithium batteries are critical power
sources for many consumer goods and it is vital that we can ship them safely by
air either with finished products or as components in global supply chains.
That’s why we developed the CEIV Lithium Battery certification. It gives their
shippers the assurance that they are operating to the highest safety and
security standards when shipping lithium batteries,” said Frederic Leger, IATA
Senior Vice President Commercial Products and Services.
Nowadays, these batteries are the preferred power source for
mobile phones, children's toys, cars, e-bikes and a wide array of other
consumer goods. Many people are unaware, however, that lithium batteries are
dangerous goods that can pose safety risks if not handled in accordance with
transport regulations.
The CEIV Li-batt certification programme is based on IATA
Dangerous Goods Regulations (DGR) and IATA Lithium Battery Shipping Regulations
(LBSR). The programme aims to set standards by raising competency levels and
quality management in the handling and transport of lithium batteries
throughout the supply chain. IATA certifies organisations that complete the
required training, assessment and validation procedures, listing them in the
IATA ONE Source registry on compliance with programme standards.
Qatar
Airways Cargo, a global leader in air cargo transportation, is proud to
announce that optimised, real-time pricing powered by PROS Smart Price
Optimization and Management is now live on all online booking channels across
its network. The real-time pricing engine provides Qatar Cargo customers an
enhanced digital buying experience that allows immediate online booking
confirmation with accurate, personalised pricing.
Part of The Next Generation initiative, Qatar’s Digital Lounge places an
emphasis on user experience and ease of use, allowing customers to price and
book cargo shipments without the need to call or email the sales team directly.
With PROS Smart Price Optimization and Management solutions, Qatar Airways
Cargo powers its online channels with real-time personalised dynamic pricing,
accessing live capacity to offer accurate and bookable rates. The AI-powered
optimisation solution models improve win rates by personalising the price
offering and maximising sales.
Qatar Airways Cargo has been quick to adopt an omni-channel model, giving
customers multiple choices to book shipments based on their own channel
preference. With large volumes of complex pricing requests, PROS Air Cargo
Orchestration Services enables Qatar Airways Cargo to provide real-time,
optimised prices to third-party digital marketplaces such as WebCargo, CargoAI
and Cargo.one. Being able to respond to these requests with profitable,
accurate pricing in a way that is reliable, performant, and scalable provides
customers with a premium experience few can offer.
“PROS real-time pricing engine provides a highly accurate, scalable pricing
capability that directly translates to a reliable and responsive buying
experience for our customers,” said Florent Bonello, Vice President Cargo
Revenue Management at Qatar Airways Cargo. “As a next phase of our
implementation, we are seamlessly integrating PROS Smart Configure Price
Quote within our sales ecosystem, so that we can quickly manage and
deliver omnichannel quoting across our spot, contract and allotment sales.”
“The air cargo market is extremely dynamic, and carriers need to be able
to respond quickly and accurately to drive superior customer experiences,” says
Surain Adyanthaya, President, Travel, PROS. “We are proud to partner with Qatar
Airways Cargo to provide a highly scalable solution, with unparalleled response
times, ensuring they can deliver fast, accurate, and reliable offers for each
and every customer.”
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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