JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Monday April 15, 2024.
:: Today’s Exchange Rates ::
Source : The
Economic Times RATES
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CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
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83.4175 |
0.217506 |
0.261426 |
83.36 |
83.20 |
83.35- 83.43 |
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1.0661 |
-0.0065 |
-0.606005 |
1.0726 |
1.0726 |
1.0655- 1.0729 |
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104.2207 |
-0.066895 |
-0.064144 |
104.621 |
104.2876 |
104.1646- 104.6221 |
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88.9073 |
-1.468498 |
-1.62488 |
89.3734 |
90.3758 |
88.8734- 89.3875 |
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153.299 |
0.028992 |
0.018915 |
153.27 |
153.27 |
152.968- 153.386 |
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1.2497 |
-0.0056 |
-0.446116 |
1.2553 |
1.2553 |
1.2489- 1.2559 |
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105.807 |
0.525002 |
0.498662 |
105.277 |
105.282 |
105.237- 105.836 |
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0.5443 |
0.0001 |
0.018379 |
0.543 |
0.5442 |
0.5428- 0.5444 |
/// Sea Cargo News ///
MSC unit gets security nod to buy 49 percent stake in Adani’s box terminal at Kamarajar port
Terminal Investment Ltd, a unit of Geneva-based Mediterranean Shipping Company S.A, the world’s biggest container shipping line, has received security clearance to acquire a 49 percent stake for Rs247 crores in the container terminal run by Adani Ports and Special Economic Zone Ltd (APSEZ) in state-owned Kamarajar Port Ltd located in Tamil Nadu.
Terminal Investment Ltd, through its fully owned subsidiary Mundi
Ltd, acquired a 49 percent stake in the 8 lakh twenty-foot equivalent units
(TEUs) capacity Adani Ennore Container Terminal Pvt Ltd from APSEZ for Rs 247
crore, pegging the enterprise value of the terminal at Rs 1,211 crore,
according to a 15 December 2023 announcement by the two companies.
This deal was awaiting security clearance from the Union
government, per procedure framed for port contracts. “The government has
granted security clearance to Terminal Investment/Mundi for the stake
purchase,” a government official said. “Kamarajar Port Ltd will now complete
the formalities for share transfer in the terminal operating company as per the
concession agreement,” said the official.
The transaction bolsters the strategic partnership between APSEZ
and MSC which has an equal joint venture that runs a container terminal named
Adani International Container Terminal P. Ltd and Mundra Port, India’s largest
commercial port and the flagship of APSEZ, located in Gujarat.
In 2014, APSEZ using all its political clout and arm twisted
L&T and won the rights to build and operate a 1.4 million TEU capacity
container terminal for 30 years at Kamarajar Port.
Adani Ennore Container Terminal P. Ltd currently has a quay length
of 400 meters and an annual handling capacity of 8 lakh TEUs. The terminal
handled 6,71,393 TEUs in FY24 from 5,50,000 TEUs in FY23.
Cordelia resonating with big market
“Following a significant drydock in Dubai this June, the Empress
will reposition to homeport in Chennai,” said Jurgen Bailom, president,
Cordelia Cruises. “This strategic relocation is instrumental in ensuring
uninterrupted cruise operations during the monsoon season and reinforces
India’s capacity to host cruises year-round.
We have thoughtfully planned a mix of international and domestic
sailings departing from Chennai,” he added, as most cruises are short sailings,
with options starting at two nights. Other summer turn ports include Mumbai and
Kochi.
Longer itineraries include a week-long sailing open-jaw from
Mumbai to Chennai with calls into Kochi, Colombo and Trincomalee. A noteworthy
enhancement to the company’s deployment has been the addition of Puducherry as
a new port of call, Bailom said.
“Lakshadweep has emerged as a hot destination for Cordelia
Cruises, driven by the heightened interest following Prime Minister Modi’s
recent visit,” Bailom continued. “The allure of this pristine location
resonates with the Indian audience, and we’ve observed a surge in eagerness to
explore it.
Work On Kaladan stalled,
India playing delicate balancing game
With work on the crucial Kaladan Multimodal Transit Transport
Project (KMTTP) getting stalled due to the conflict between Myanmar’s
resistance forces and the military junta intensifying, India is now playing a
delicate balancing game to protect its interests in the eastern neighbour.
The KMTTP connects the port of Haldia in West Bengal with the port
of Sittwe in Myanmar that was built with funding from India. The corridor then
links Sittwe with Paletwa town in Chin State of Myanmar via the Kaladan river
boat route. Paletwa is then linked with Mizoram by road.
All components of the project, including the Sittwe port, have
been completed, except the under-construction Zorinpui-Paletwa road. Union
Minister for Ports, Shipping and Waterways Sarbananda Sonowal and Deputy Prime
Minister and Union Minister for Transport and Communications of Myanmar Admiral
Tin Aung San had jointly inaugurated the Sittwe port in the Rakhine State of
Myanmar in May last year.
According to K Yhome, Fellow at the Shillong based think tank
Asian Confluence, India is engaging in a balancing act to protect its strategic
and security interests.
“It’s a two pronged strategy where the Government of India is
trying to engage with all parties in the conflict in Myanmar to minimise any
undesired consequences,” Yhome said. “This will also ensure that there are
channels of communication with both sides of the conflict. This engagement has
been going on for decades now”.
Myanmar presents a complex political situation not only for India
but also for all neighbouring countries. India is building these multiple
relationships to buffer against unintended consequences of the conflict.
According to Yhome, as far as the Kaladan project is concerned, it
has been facing severe security challenges not only because of the 2021
military coup that ousted the democratically elected government of Nobel
Laureate Aung San Suu Kyi.
“The area through which the Kaladan project passes is dominated by
the Arakan Army,” Yhome said. So, India is dependent on the Arakan Army. As
such, New Delhi is playing a balancing game”, in order to counter China which’s
also having ties with Arakan Army so as to save their pipelines passing through
the Arakan Army dominated areas.
Bangladesh eyes PTA,
preferential berthing at Colombo Port
Bangladesh seeks preferential trade with shipping-heartland Sri
Lanka and priority berthing facility at Colombo Port, as nations around the
Indian Ocean rim plan business boost using untapped potential.
Foreign Minister Dr AK Abdul Momen said Thursday in Dhaka he had
raised the proposal when he met the Sri Lankan President and the Prime Minister
on the sidelines of the 23rd Council of Ministers Meeting of IORA in Colombo.
The Indian Ocean Rim Association or IORA is seen as a dynamic
inter-governmental organisation aimed at strengthening regional cooperation and
sustainable development.
"I requested them to provide us with preferential berthing as
we are facing delays in getting berth in Colombo Port," the foreign
minister said. He pointed out that if Bangladeshi ships would not get the
facility, they might switch to another port along the shipping channel.
Bangladesh seeks preferential trade with shipping-heartland Sri Lanka and priority berthing facility at Colombo Port, as nations around the Indian Ocean rim plan business boost using untapped potential.
Hapag-Lloyd most
reliable top-13 carrier in Feb: Sea-Intelligence
After a tumultuous few weeks in the wake of the Red Sea crisis,
some form of stability has ensued with the round-Africa routings now
normalising.
"This was also reflected in the February 2024 global schedule
reliability score, which improved by 1.7 percentage points M/M to 53.3
percent," says Sea-Intelligence in its latest update.
On a Y/Y level, however, schedule reliability was 6.9 percentage
points lower, the update added. The average delay for late vessel arrivals also
improved to 5.46 days, roughly the same level as pre-crisis, which means that
the increase due to the crisis has reverted.
Hapag-Lloyd was the most reliable top-13 carrier in February 2024
with schedule reliability of 54.9 percent.
Seven carriers were above the 50 percent mark with the remaining
carriers in the 40-50 percent range. PIL was at the bottom with a score of 45.3
percent.
On a M/M level, seven carriers recorded an improvement in schedule
reliability with the highest improvement of 9.7 percentage points recorded by
Hapag-Lloyd.
Evergreen recorded the largest M/M decline of 5% points. On a Y/Y
level, none of the 13 carriers recorded an increase in schedule reliability,
the update added.
CMA CGM Group launches
its first loyalty program SEA REWARD
The CMA CGM Group, a global player in maritime, land, air and
logistics solutions, is launching SEA REWARD, the first loyalty program for
shipping customers. A unique program on the market, SEA REWARD rewards the
regularity and volume of shipments by CMA CGM customers using
"SpotOn", a digital solution launched in 2022 that simplifies the
booking process with an instant quote, a guaranteed price, and priority access
to space on board the vessel.
With SEA REWARD, CMA CGM's digital customers will have access to
four status tiers offering exclusive benefits. This loyalty program marks the
Group's determination to continue transforming the shipping sector, and to
mobilize digital innovation to enhance the customer experience.
Four status tiers with exclusive rewards and benefits: After
joining the SEA REWARD program through their My CMA CGM account, customers
booking via the "SpotOn" digital solution can access four status
tiers that reward the frequency and volume of their shipments. As they booked,
customers access the "Lieutenant", "Captain",
"Master", and eventually "Admiral" status tiers.
SEA REWARD’s different status tiers reward customer’s loyalty with
exclusive benefits, including the ability to earn Nautical Miles that they can
use to pay part of their invoices. Already accessible to the CMA CGM Group’s
digital customers in Europe, SEA REWARD will gradually become available in
other regions.
GPS jamming near
conflict zones affect cargo ships transiting Mediterranean and the Black Sea
Cargo ships transiting the Mediterranean and the Black Sea are
faced with growing incidents of GPS jamming wherein ship navigation data is
manipulated or interfered with near conflict zones. On April 4, some 117
different cargo-carrying vessels appeared in Beirut-Rafic Al Hariri
International airport in Lebanon, according to the US-based Lloyd’s List
Intelligence vessel-tracking data.
This trend has become common since the Hamas attacks on Israel in
October, 2023. Vessels sailing in the eastern Mediterranean first started
showing up at an airport — on land — at the end of October. While the
‘spoofing’ of ships’ AIS signals to create false vessel locations has become a
common tactic to circumvent sanctions, the widespread jamming of GPS signals in
the Black Sea marks a potentially dangerous new method of AIS manipulation.
Lloyds List, one of the world’s oldest continuously running
journals, having provided weekly shipping news in London as early as 1734, says
that over 100 cargo-carrying ships appeared to show up in Beirut airport on
Wednesday.
An average of 35 ships operating in the region were being impacted
each day in March. However, this figure jumped to 74 on April 3 and climbed to
117 on April 4, the journal said.
Lloyd’s List analysis of AIS signals has identified a total of 655
individual incidents of third party interference in Global Navigation Satellite
System signals in the past year. The
vast majority of those cases have been recorded since January 2024, the journal
said.
The UK Maritime Trade Operations in a notice on Wednesday said
that it had received a report of a vessel experiencing disruption to electronic
navigation systems (GPS/AIS) between April 1 and 3 east of Ras Al Zour, Saudi
Arabia. Vessels are advised to transit with caution.
This is a dangerous trend, said a master mariner, who was till a
year back managing a large container ship. Many merchant ships have been
additionally fitted with GLONASS satellite system (Russian) for such
emergencies when GPS Systems (US) on board have been jammed, he said.
The scenario is not so critical with merchant ships, as there are
other means of monitoring ships position at sea, apart from GPS. If the ships
are sailing in coastal waters, radar can be used to track positions (even
though Radar can also be jammed) said Vivekanand, a Master Mariner with 26
years of service at sea.
Days after Baltimore collapse, massive ship loses power near NYC's Verrazzano bridge
Only days after a cargo vessel collided into Baltimore’s Francis
Scott Key Bridge, causing a massive collapse, another container lost powers in
the waters around New York City, the New York Posted reported citing an
official. According to the report, the ship was brought to rest near the
Verrazzano-Narrows Bridge Friday night.
As per the report, the US Coast Guard confirmed that its Vessel
Traffic Service receieved a report that a 'the 89,000-ton M/V Qingdao lost
propulsion' about 8:30 PM local time. It was going theough the shipping lane
between Staten Island and Bayonne, New Jersey.
John Konrad, CEO of news outlet gCaptain, shared an image on X,
platform formerly known as Twitter, showing the 1,100-foot Qingdao floating in
the lane. "A NY tugboat captain has reported to @gCaptain “container ship
APL QINGDAO lost power while transiting New York harbor.
They had 3 escort tugs but 3 more were needed to bring her under
control. They regained power & were brought to anchor near the verrazano
bridge," Konrad's tweet read. The
NY Post further quoted a Coast Guard spokesperson to report that the M/V
Qingdao around 8.30 PM local time on Saturday April 13, 2024 experienced a loss
of propulsion in the Kill Van Kull waterway. “ The vessel regained propulsion
and was assisted to Stapleton Anchorage
by tugs”. The Kill Van Kull waterway is
a 3 mile long strait that separates Newark Bay and Upper New York Bay. The Ny
Post further added that the vessel’s propulsion system was repaired and was
fully operational.
/// Air Cargo News ///
Pakistan puts PIA on the retail shelf
Islamabad has pulled the emergency brake on state-owned Pakistan
International Airlines. The government is willing to sell the company
completely or at least 51% of its shares. This is in response to urgent advice
from the International Monetary Fund (IMF) to dispose of loss-making state
holdings. Otherwise, the fund may freeze its payments for the country.
It seems unlikely that President Asif Ali Zardari and his cabinet
will change their minds about selling PIA at the last minute, because the
highly indebted country needs cash. And new money will only flow if Pakistan is
willing to divest itself of permanently subsidized assets by selling them to
private investors.
A hot candidate standing high on Islamabad’s list is state-owned
Pakistan International Airlines, which has only remained afloat for years
thanks to the inflow of state subsidies.
PIA jetliner
on way to privatization? – photo: courtesy AP.“Debt-lite” new structure
Recently, the government has set up a Privatization Panel. In an advertisement
published in different newspapers, it named 03MAY24 as the application deadline
for statements of interest in PIA. The airline has piled up arrears of payments
in the region of several hundreds of billions of rupees.
At the same time, Lahore-based Etihad Consulting was appointed as
the financial adviser for the intended sales proceedings. “The restructured PIA is being offered to
potential investors in its ‘debt-lite’ new structure for a 51% stake,” the
Privatization Commission states in its website presentation. It added that it
intends to sign a share price deal by 24JUN24, after all provisions in the
forthcoming transaction are completed.
Mixed fleet
Once restructured, “PIA provides
an opportunity for investors to acquire a full-service airline,” reads
the Commission’s statement. Currently, the airline holds a share of 23% in
Pakistan’s aviation market, ahead of Emirates, Etihad, flydubai or any other
foreign carrier. It operates a mixed fleet of 34 aircraft, including 17 Airbus
A320s, 12 Boeing B777s and 5 ATRs. In recent times, it was forced to cut
flights to the Middle East due to stiff competition from its Gulf-based peers.
These figures may sound attractive to potential investors at first
glance, but the airline has a battered reputation caused by endless scandals in
recent years – scandals that were tolerated and enabled by political patronage.
For a long time, staff appointments were based on close family ties to
influential political or administrative circles or to senior managers at the
airline, with the applicant’s qualifications only playing a minor role.
Standing on EASA’s blacklist
This led to considerable safety deficiencies, objected to by global aviation
regulators for years, who have repeatedly called into question PIA’s governance
and safety standards. In 2020, the European Union Aviation Safety Agency (EASA)
banned the carrier from its most lucrative routes in Europe and the UK,
following a crash near Karachi which killed 97 passengers and crew members.
An investigation report published on 24JUN20 by the Pakistani
Aircraft Accident Investigation Board (AAIB), held both pilots responsible for
the crash. During the approach at Karachi Airport, they had been extremely
distracted by an intense conversation about the Covid-19 pandemic, so they
ignored multiple visual and acoustic warning signals from air traffic control.
Shortly after, the airline cancelled the licenses of 15 pilots
which were based on falsified documents. A further 14 cockpit crew were
declared unfit to operate any aircraft. The ban imposed by EASA cost PIA an
annual revenue of roughly 40 billion PAK rupees, which translates into 133
million euros.
Every investor will therefore have to consider how to eliminate
these serious deficits in order to regain trust and improve the airline’s
tarnished reputation. Presumably many heads will roll, not only those of the
top management, but also those responsible for technology, safety, and
personnel issues.
Brussels cargo community cautious re new
permit
As it goes, airport operating licenses are never welcomed with a standing ovation, and Brussels Airport’s is no exception. The cargo users take a ‘wait and see ‘approach. CargoForwarder Global (CFG) asked some of the airport’s clients what they think of the new permit of “unlimited duration,” which is bound to some prerequisites pertaining to noise emissions and aircraft movements.
Director Public Relations, Lorenzo Van de Pol, DHL Express –
company courtes.Air Cargo Belgium’s Director, Freek De Witte admits that the new license safeguards cargo operations and short-term growth, but also mortgages the long term. “The new permit does also not give real incentives for further fleet renewal,” Mr. De Witte says.
DHL Express is relieved that the new
license does not bring a ban on night operations, even if it will reduce the
number of landing and take-off slots. The demand for less noisy aircraft will
also have consequences for the operations of the integrator’s aging fleet of
A300s and B757s.
“All of this will inevitably have an impact on the
organization of our network,” says Director Public Relations,
Lorenzo Van de Pol. “It will necessitate serious efforts to marry the global
connections with the more restrictive conditions.”
Workable straight jacket
“On first
sight, to DHL, these conditions are a tight straight jacket, but also a
workable one,” Mr Van de Pol continues. “For us, it is logical that
efforts are demanded from everybody and we will live up to these conditions as
we see that the license tries to provide a subtle balance between the interests
of the airport, the economy and the surrounding area. Also, in the future, the
economic viability of the airport must be guarded permanently by all means.”
“But the clarity is there,” he says. “Clarity in a long-term
framework creates the space to investigate, plan and execute new investments
such as in the sustainability of our activities. That trust is back, also for
our dedicated staff. From now on we can offer our present and future staff a
stable working environment, beyond discussion.”
Waiting for Europe
In the period to come, DHL will analyze the conditions in detail so as to map
their total impact. The future impact of a number of issues like the cap on the
number of flights and the formulation of more stringent noise targets beyond
2030, are not completely clear.
And there is still the European ‘balanced
approach’ procedure which has to weigh all measures and conditions before they
can be implemented. Only then will DHL Express introduce adjustments in its
activities to continue its operation from Brussels Airport, the company says.
BUD Cargo team keeps its word
Jozsef Kossuth
is Cargo Director of Budapest Airport and Board Member of the local Logistic
Centers Association (MLSZKSZ) – photo: CFG/hsAt the BUD Cargo Forum on 27-28 September 2023, cargo director Jozsef Kossuth (JK) and his managers were betting that BUD would handle more than 200,000 tons in 2023 for the first time in the airport’s history. A year before, it was a total of 194,000 tons. In the end, the figure was 201,300 tons, which corresponds to an average increase of 3.8% year-on-year. Their estimate, based on half-year figures, was therefore correct.
Even more pleasing: cargo continued to grow in Q1, 2024, with
62,000 tons handled in the first three months, including 23,720 tons in March.
These were the strongest figures ever achieved into the start to a year and in
a single month.
Changing of the guard
BUD has thus become the most challenging cargo competitor in Eastern Europe,
where 43,800 tons were handled at Prague Airport in 2023, vs. 245,000 tons at
Vienna Airport, according to their websites. However, compared to 2019 when VIE
reported 283,000 tons, the current figure appears rather sober.
The longer-term trend reveals a changing of the guard in the cargo
ranking of airports between Germany’s eastern border and the Black Sea region.
At no other airport has cargo grown as dynamically as at Budapest Liszt Ferenc
International (+120% increase from 2015 to 2023, or 48.5% increase from 2019 to
2023).
Cargo comes first
The reasons are widely known. First and foremost, it is due to the management’s
clear focus and commitment to the cargo business.
Visible proof is its Cargo City, which was inaugurated in 2019 and
extended by 10,000 m² in FEB24 (+30% handling capacity increase), thanks in
part to a multi-million-euro investment by the airport and also co-operation
with ground handlers and main tenants, Celebi Ground Handling Hungary and
Menzies Aviation Cargo.
Another advantage that plays into BUD’s hands is the fact that
there is no airport in Eastern Europe with hub status, except for Vienna, home
of Lufthansa subsidiary, Austrian Airlines.
Investing in ground Infrastructure
Meanwhile, BUD’s expansion continues. During the upcoming second development
phase of the Cargo City, additional warehouses will be erected, and cargo
airlines offered new freighter stands right in front of the building, speeding
up loading and unloading of the aircraft. This infrastructural enlargement aims
to elevate the airport’s annual cargo capacity to 300,000 tons, which
translates into a 40% capacity increase of BUD Cargo City. With these
developments, Mr. Kossuth is optimistic that more freight carriers will choose
BUD as their cargo airport of choice:
Main deck capacity spurs growth
JK: “Besides the
development of cargo infrastructure and the efficient cargo operational
environment, the steadily expanding cargo connectivity is the third key element
to the success. In our case, the strong presence of full freighters at BUD are
the backbone to our growing volumes, complemented by an extensive belly cargo
and RFS network.
In bold figures: about 60
weekly full freighter flights accounted for a total of 120,000 tons of cargo in
2023. Many of our existing airline partners (DHL, UPS, FedEx, Turkish Cargo,
Qatar Airways, Cargolux, Hungary Air Cargo / Wizz Air), increased capacities,
and newcomers e.g. from China entered the market (Sichuan Airlines, SF Express,
My Freighter Airlines, and some others).”
The Cargo
City, opened at the end of 2019, spurred cargo growth at BUD, as the chart
shows – Courtesy Budapest Airport Cargo
Speed requires no witchcraft
In addition to handling general cargo, the e-commerce sector is experiencing a
remarkable ascent at Budapest as well. All major integrators have been
operating there long-term: DHL Express, UPS, and FedEx. During the last 2-3
years, more new service providers started co-operation with large e-commerce
companies, Meanwhile, BUD has gained the status of a regional air freight
gateway for Alibaba, Shein or Temu, amongst others.
When it comes to handling express shipments, BUD is considered a
very fast airport. Director of Cargo, Kossuth explains why this is the case:
Air beats ocean, rail, and road
JK: “e-commerce consigners use all transport
modalities, sea, rail, air for their intercontinental transports, but prefer
air solutions due to speed, security and reliability reasons. Large numbers of
e-commerce volumes can be handled at an airport if professional service
providers manage ground operations. BUD offers the market plenty of capacities
on the airside and landside, allowing for the rapid processing of shipments.
Important to mention is also that the customs authority has digitized processes
allowing ground handling agents the fast throughput of large numbers of
consignments based on strict safety controls.”
One final question to the Cargo Chief remains: How many tons does
BUD expect to handle in 2024?
JK: “It is advisable to be cautious when you
talk about the future – this is what we have learned especially during the last
5 years.We started Q1 with more than 20k tons per month. Provided this trend
goes on, we will close the year with around 240,000 tons.”
Air India widens
transhipment station network to target cargo market share
Tata Group-owned Air India is cementing its cargo operations out
of India to take advantage of the buoyant market outlook. The carrier has
opened a clutch of new bonded transhipment service locations in smaller cities,
boosting its reach.
The latest from Pune to Kuwait, takes its domestic transhipment
station network to 12. “This signifies Air India Cargo’s entry into
international business from Pune, further cementing its position as a key
player in the global air cargo industry,” said the airline, now in the midst of
a makeover by the new owner.
“It enables seamless cargo movement into Mumbai and Delhi, while also enhancing connectivity to Europe and the US,” it added. Air India believes that, with Pune as a hub for international transhipment, it has the potential to drive opportunities in air cargo logistics. According to industry sources, the carrier plans to aggregate cargo at Pune and connect loads over daily direct flights out of Mumbai.
The sector is set to see more belly capacity as airlines expand
their fleet and more charter space providers enter the market.
UK Carrier Virgin Atlantic has just announced plans for more
direct services to India, one connecting Bengaluru stating this month and
another to Mumbai from October. With five daily services, the carrier claims it
will be able to offer more than 40 million kg of space in and out of India.
In addition to direct long haul offerings, Virgin Atlantic has a
strategic code-share India’s largest private airline Indigo. And Indigo has
already indicated ambitious plans to boost its freight arm, CarGo, with a
fourth freighter expected to join its fleet shortly.
Air India appoints Jayaraj Shanmugam as head of global airport operations
Air India has appointed Jayaraj Shanmugam as the head of its
global airport operations. He will take charge on April 15 and will report to
chief operations officer Captain Klaus Goersch, the Tata Group airline said in
a release on Monday.
Shanmugam was the chief operating officer at the Bangalore
International Airport Ltd (BIAL) and led the operationalisation of the new
terminal 2. Among others, he also had stints at Singapore Airlines, Qatar
Airways and Jet Airways.
ECS Group appointed
as GSSA for CMA CGM Air Cargo
ECS
Group has forged a strategic global alliance with CMA CGM Air Cargo, a division
of the CMA CGM Group. Within this partnership, ECS Group will act as the
General Sales and Service Agent (GSSA) for CMA CGM Air Cargo, facilitating the
commercialisation of air freight capacities on flights operated by CMA CGM Air
Cargo.
With
9 flights per week between Paris and China/Hong Kong, operated by B777
aircraft, ECS Group is dedicated to offering customers transparent and
efficient access to top-tier air transport solutions. This commitment aims to
optimise CMA CGM AIR CARGO's commercial performance and enhance its position in
the air freight market, mentions the official release.
"Collaborating
with CMA CGM AIR CARGO represents a unique opportunity to combine ECS Group's
expertise in GSSA with CMA CGM AIR CARGO assets. Together, we are determined to
pave the way in air freight transport, offering innovative solutions and operational
excellence to our clients worldwide,” says Adrien Thominet, Executive Chairman
of ECS Group.
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
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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