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 - December 19,
2024
Today’s
Exchange Rates
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
84.95 |
0.039993 |
0.047101 |
84.91 |
84.91 |
84.91- 84.9625 |
|
|
1.0496 |
0.0005 |
0.047656 |
1.0491 |
1.0491 |
1.0486- 1.0513 |
|
|
107.784 |
0.063896 |
0.059317 |
107.8484 |
107.7201 |
107.7082- 107.9874 |
|
|
89.159 |
0.122597 |
0.137693 |
89.1769 |
89.0364 |
89.0765- 89.3001 |
|
|
153.879 |
0.418991 |
0.27303 |
153.46 |
153.46 |
153.339- 153.918 |
|
|
1.272 |
0.001 |
0.078673 |
1.271 |
1.271 |
1.268- 1.2726 |
|
|
106.999 |
0.042999 |
0.040203 |
106.902 |
106.956 |
106.823- 107.027 |
|
|
0.553 |
-0.001 |
-0.180514 |
0.5532 |
0.554 |
0.5521- 0.554 |
/// Sea Cargo News ///
Adani Ports sitting on $3 billion war chest to target 1 bn
ton of annual cargo by 2030
Adani Ports (APSEZ) aims to increase its cargo-handling capacity to 2,000 MMT by 2030, targeting 1 billion tons of annual cargo. Backed by $1 billion in cash reserves and a $3 billion growth fund, APSEZ is pursuing both organic and inorganic growth strategies.
The company has withdrawn its request for a $553 million loan
from the U.S. DFC for the Colombo West International Terminal project and will
fund it through internal accruals.
Billionaire Gautam Adani-led Adani Ports (APSEZ) has told
investors that it is sitting on a cash pile of $1 billion and another $3
billion growth fund for acquisitions as it is eyeing 1 billion tons of annual
cargo target by 2030.
In a recent meeting with investors, APSEZ said it is on a
transformative mission to grow its cargo-handling capacity from 630 MMT
(million metric tons) across 15 ports today to 2,000 MMT by 2030, targeting 1
billion tons of annual cargo.
In an investor presentation, the company said it is backed by
financial resilience, including $1 Billion in cash reserves and $3 Billion
growth fund. It is harnessing both organic and inorganic opportunities to
cement its position as a global leader.
Earlier in the week, the company had withdrawn a request for
$553 million loan from the US Development Finance Corporation (DFC) for the
Colombo West International Terminal project in Sri Lanka and decided to fund it
through its internal accruals.
The company operates 15 ports with a combined capacity of 630
MMT, handling 25% of India’s total port operations. By 2030, APSEZ aims to
increase this share to 40%. Further solidifying its leadership.
India’s Tea exports clock double digit growth during April-Sept
India’s tea exports increased by 13.18 per cent in value to
Rs3,403.64 crore during the first half of the current financial year
(April-September) from Rs3,007.19 crore during the same period of the previous
year, according to the latest data compiled by the Tea Board.
In volume terms, tea exports went up by 8.67 per cent to 122.55
million kg during this period compared with 112.77 million kg last
year. India exports tea to more than 25 countries throughout the world.
UAE, Iraq, Iran, Russia, the US and the UK are the major
importers of tea from India. During 2023-2024 UAE, Iraq and the US imported US$
131.18 million, US$ 88.54 million and US$77.62 million of tea respectively from
India.
India is among the top five tea exporters in the world making
about 10 per cent of the total ex-ports. India’s Assam, Darjeeling, and Nilgiri
tea are considered one of the finest in the world.
The majority of the tea exported out of India is black tea which
makes up about 96% of the total exports. The types of tea exported through
India are black tea, green tea, herbal tea, masala tea and lemon tea.
Out of these, black tea, regular tea and green tea make up
approximately 80%, 16% and 3.5% respectively of the total team exported from
India. India’s total tea exports during 2023-24 in quantity were 251 Million
Kgs and worth US$ 776 Million.
CMA CGM, AD Ports inaugurate new container terminal in Abu Dhabi
New Abu Dhabi’s container terminal, CMA Terminals Khalifa Port,
has commenced operations after the official inauguration on 12 December.
The new box terminal will be operated by a joint venture of CMA
Terminals, a subsidiary of CMA CGM Group, and Abu Dhabi Ports (AD Ports). CMA
Terminals owns a 70% stake in the joint venture, while AD Ports holds the
remaining 30%.
The inauguration was made by Sheikh Khaled bin Mohamed bin Zayed
Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive
Council, in the presence of Captain Mohamed Juma Al Shamisi, Managing Director
and Group CEO of AD Ports Group, Rodolphe Saadé, Chairman and CEO of the CMA
CGM Group and several key stakeholders.
The two leaders of AD Ports and CMA CGM also signed a Memorandum
of Understanding (MoU) for the development and enhancement of maritime training
and education in the UAE and Gulf Cooperation Council (GCC) region. In
addition, CMA CGM Group is expected to support the training of Abu Dhabi
Maritime Academy students and contribute to the placement of cadets onboard its
flagship vessels.
CMA Terminals Khalifa Port showcases advanced port
infrastructure, including automated gates and integrated systems that enhance
efficiency and sustainability. The facility offers shore power for vessels to
reduce emissions, several solar-panel areas contributing to the energy mix of
the terminal operations and includes the region’s first net zero carbon
administration building, which is powered by renewable energy sources.
The addition of the new box terminal increases Khalifa Port’s
annual container capacity by 23% to almost 10 million TEUs. According to the
announcement, the new terminal is ready for rail connectivity and will enhance
Khalifa Port’s position as a major gateway for the region. The design of the
new facility incorporates sustainability principles, which support the UAE’s
targets for further developing a circular economy, recycling construction and
reducing operational waste.
CMA Terminals Khalifa Port includes eight advanced Ship to Shore
(STS) cranes and 20 Electric Rubber Tyred Gantry (e-RTG) cranes.
Rodolphe Saadé stated: “The inauguration of our new container
terminal is a major step in the development of Khalifa Port, consolidating Abu
Dhabi’s position as a global trade hub. This strategic infrastructure will
boost shipping and logistics activities across the region. Together with our
partner AD Ports Group, we are pleased to deliver a modern terminal with a
strong focus on innovation and sustainability.”
The inauguration of CMA Terminals Khalifa Port marks the
completion of Phase 1 of the new terminal project for CMA CGM, with the opening
of an initial quay wall of 800 metres in length, 18.5 metres of depth, and
eight STS Cranes adding a total capacity of 1.8 million TEUs to Khalifa Port.
With the opening of the new CMA CGM facility, Khalifa Port now
extends over 6.3 sq km, with 41 quay cranes, 159 yard cranes, 11.7km of quay
wall and 3.8km of breakwater length.
MSC continues container ship
order rally with new major order
The Swiss container shipping giant MSC continues its strong order streak, placing a new massive order for newbuild container ships.
According to Alphaliner, MSC has placed an order for ten
vessels, each with a capacity of 24,000 TEUs, at the Chinese shipyard Hengli
Heavy Industry. The delivery of the newbuildings is expected to begin in 2028,
with the value of the deal estimated at around US$2.35 billion.
This new order further increases MSC’s orderbook, which now surpasses the 2 million TEU mark, reaching 2.13 million TEUs. Given that Ocean Network Express (ONE), the sixth-largest container line, has a fleet of 1.96 million TEUs, MSC’s orderbook could be considered the “sixth-largest container fleet” in the world.
Source: AlphalinerIt is worth noting that in September last year, MSC placed
orders for ten dual-fuel LNG-powered container ships, each with a capacity of
21,000 TEUs, at the same shipyard.
2M crowned most reliable container alliance
over eight years
Since April 2017, the container shipping industry has operated
under a three-alliance structure comprising the Ocean Alliance, THE Alliance,
and 2M Alliance.
This structure, which will be reshaped in February 2025, has significantly influenced trends in schedule reliability over nearly eight years. To better contextualize these trends, Danish maritime data analysis firm Sea-Intelligence developed the following graph to evaluate each alliance’s annual performance.
The Danish analysts explained: “The way this score was
calculated was as follows: for each trade lane that the alliances were
operational in, we calculated how many months each alliance ranked 1st,
2nd, or 3rd in terms of schedule reliability. These
numbers were then multiplied by 3, 2, and 1, for 1st, 2nd,
and 3rd, respectively.”
In 2017 and 2018, Ocean Alliance consistently led in schedule
reliability, followed closely by 2M, while THE Alliance trailed significantly.
However, 2019 and 2020 saw a shift, with 2M overtaking Ocean Alliance. By 2021,
Ocean Alliance had dropped behind both 2M and THE Alliance.
In 2024, Ocean Alliance reclaimed the top spot, while THE Alliance
showed a remarkable improvement, rising to second place. In contrast, 2M was
the least consistent alliance in schedule reliability that year.
Alan Murphy, CEO, of Sea-Intelligence, commented: “Overall, across the entire alliance life cycle of the current alliance structure so far (2017-2024), 2M was the most consistent in terms of schedule reliability, with the highest composite score. They were ranked 1st in 49% of the instances, and 2nd in 31% of the instances. Ocean Alliance was the next most-reliable carrier alliance, having been 1st in 36% of the instances, and 2nd in 39% of the instances. THE Alliance only managed to come out on top in 15% of the instances and was 2nd in 31% of the instances.”
“Source: Sea-Intelligence.com, Sunday Spotlight, issue 694”
MSC adds Australian port call to Koala service
MSC Sijing / Source: VesselFinderSwiss/Italian ocean carrier MSC has announced a new direct call
at Adelaide port on its Koala service, which connects China, Australia and
Indonesia.
Liberia-flagged MSC Sijing will be deployed on the first sailing
of the following updated port rotation with an estimated time of departure from
Shanghai on 18 December:
Shanghai (China) – Hong Kong – Jakarta (Indonesia) – Fremantle
(Australia) – Adelaide (Australia) – Shanghai.
Map of MSC’s Koala service.
New York-listed supertanker specialist DHT is selling its oldest
ship for $43.4m. The Svein Moxnes Harfjeld-led VLCC owner said it had
struck a deal with an undisclosed buyer for the 2006-built DHT
Scandinavia.
Delivery of the Hyundai-built unit is expected in January 2025.
DHT said the ship is debt-free and expects to use the sale proceeds for general
corporate purposes, vessel investments, share buybacks, or prepayment of
debt. DHT’s fleet currently stands at 24 ships with an average age of
eight years, excluding four newbuildings set to deliver in 2026.
“The sale will reduce the average age of the company’s fleet and
improve its AER, EEOI and CII metrics,” DHT said in a release. Following
the sale, the company’s oldest ships will be three 2007 South Korean-built
VLCCs.
/// Air Cargo News ///
Delta Cargo partners with cargo.one
Delta
Cargo, a US-based air cargo carrier, has entered a long-term agreement with
cargo.one, the premier digital air freight procurement platform.
This
partnership will provide freight forwarders worldwide with enhanced digital
access to Delta Cargo’s services, streamlining instant booking, quoting, and
tracking capabilities.
Delta
Cargo’s extensive network of over 250 destinations and commitment to reliable,
innovative solutions will now integrate with cargo.one’s user-friendly
platform, used by over 20,000 forwarders globally.
Peter
Penseel, President of Delta Cargo, stated, “Ensuring that Delta Cargo
services are readily accessible wherever freight forwarders prefer to book is
essential. This collaboration with cargo.one, a truly global sales partner, is
a natural extension of our digital offering, allowing us to connect with more
forwarders in key markets. cargo.one shares our commitment to service
excellence, delivering a convenient, efficient and seamless booking experience
for every customer.”
According
to a statement, this collaboration aims to enhance operational efficiency for
forwarders, enabling competitive quoting and improved shipment management while
expanding Delta Cargo’s reach to more freight forwarding branches.
Moritz
Claussen, Founder and Co-CEO, cargo.one, commented, “With Delta Cargo capacity
at their fingertips, thousands of forwarders across our global footprint can
look forward to winning even more shipments.
As
the industry’s leading procurement platform, we are delighted to support Delta
Cargo in expanding its reach and enhancing the digital sales experience for
customers. We look forward to working closely with the Delta Cargo team to
maximize the many opportunities this exciting integration brings.”
UK and Dutch investors await approval to pick up Air Belgium’s freight operations
747-8F. Photo: Air Belgium
UK
long-haul freight specialist Air One Holdings International and a Dutch firm,
Peso Aviation Management, are looking to take over the cargo operations of
struggling carrier Air Belgium.
The
two investors have submitted an offer to a business court which, according to
Air Belgium, is set to issue a decision on December 12.
“If
this offer is approved, it would allow the company’s activity transfer process
to begin,” Air Belgium said. The carrier added that it would take around three
or four months and probably be completed at the end of the first quarter of
2025.
The
transfer would focus exclusively on cargo operations, and retain almost 200
personnel – about half of those employed.
Pilots,
as well as operational, ground and administrative staff would be retained, but
cabin crew connected to Air Belgium’s passenger services would not.
“Discussions
are ongoing to explore other options,” said Air Belgium.
Last
September, Air Belgium said it had decided to discontinue its own passenger
business and focus exclusively on “cargo
and ACMI for passenger and cargo flights” due to economic challenges that have
resulted in the airline acquiring debt.
But
while the airline underwent a judicial restructuring, it has been seeking
investors to provide financial stability.
Air
One Holdings International appears to have links to the UK’s One Air, which
operates a fleet of Boeing 747 freighters. Peso Aviation Management is based in
Rotterdam
According
to Air Belgium, the investors are expanding cargo fleets, developing
maintenance activities, and looking to establish an operating base at Brussels.
It
added that their plan involves “continuing Air Belgium’s existing operations
while developing new complementary scheduled air-freight services”. Air Belgium
has used 747-8F and Airbus A330-200Fs for its cargo services.
Air
Belgium entered the all-cargo market in 2021.
It
began operating four A330-200Fs on behalf of
CMA CGM in
March 2021. The airline subsequently started operating 747-8Fs.
IATA: Air cargo volumes predicted to rise 5.8% in 2025
Credit:
tratong/ ShutterstockAir
cargo volumes are predicted by IATA to rise by 5.8% year on year to reach 72.5m
tonnes in 2025, supported by e-commerce and Red Sea-related demand. While
demand is expected to continue to grow, the average yield is predicted to
adjust downwards by 0.7%, but still remain well above pre-pandemic levels.
“Only
a slight decline [in yield] is expected in 2024, and the yield should remain
relatively stable in 2025,” IATA said. With demand increasing and yields only
slightly declining, cargo revenues are expected to reach $157bn (15.6% of total
airline revenues) in 2025, said IATA.
Freight
rates are expected to be $1.34, $0.06 less than in 2024 and 24.4% below 2014
levels. Several trends are expected to continue to be favourable for air
cargo in 2025.
“These
include continued geopolitical uncertainty in sea shipments routed through the
Suez Canal and booming e-commerce originating in Asia,” said IATA. That said, speaking about Red Sea air
benefits, the trade body said in its December ‘Global Outlook for Air
Transport’ report:
“This
increased competitiveness could wane once all key nautical passages such as the
Suez Canal and the Red Sea route are deemed safe for passage, or if shippers
manage to introduce a substantial amount of new vessel capacity.”
The
trade body noted that while fuel prices have dropped, staffing costs have risen
and unresolved supply chain issues are creating a capacity challenge. There
are also a number of political risks for the air cargo and overall airline
industry in 2025. IATA indicated that changes to tariffs and trade with the
incoming Trump administration are a major concern, but said there could also be
benefits.
“Tariffs
and trade wars would likely dampen demand for air cargo and potentially also
impact business travel. Should these policies rekindle inflation with higher
interest rates as a policy response, negative impacts on demand would be
exacerbated.
“However,
should the business-friendly stance of the first Trump administration continue
into this term, gains from deregulation and business simplification could be
significant. There is uncertainty regarding government support for aviation’s
decarbonisation efforts in the US until the path that the new administration
will take becomes clearer.”
Other
concerns include a potential worsening of conflict in Europe and the Middle
East, plus changes to oil prices. IATA reported a robust performance for air
cargo in 2024.
The
cargo segment of IATA’s Global Outlook report stated: “Airlines are projected
to achieve an all-time high in cargo tonne-kilometers (CTK), with demand
expected to increase by an impressive 11.8% year on year in 2024. This
remarkable growth follows two consecutive years of declining air cargo volumes
as the industry adjusted after the exceptional pandemic peak. “The surge in
demand has been primarily driven by robust cross-border e-commerce and, to a
lesser extent, capacity limitations in ocean shipping.”
Breaking
performance down by region, IATA said year to date growth rates range from 6%
to 16%.
“The
strongest rise has been observed among airlines registered in the Middle East
and Asia Pacific. In addition to the influence of e-commerce and of ocean
shipping disruptions, some of these airlines also benefit from unrestricted
access to Russian airspace.” On the
subject of capacity, IATA said that global available cargo tonne-kilometers
(ACTKs) continued to grow in 2024 and “should continue to expand in 2025,
though at a gradually decelerating rate”. However, IATA director general Willie
Walsh recently warned that the coming 12 months should be
viewed with caution.
Amerijet celebrates 50 years of flying
Source: AmerijetUS
freighter operator Amerijet International Airlines is this month celebrating 50
years of operations. The Miami-headquartered airline was founded in 1974 by
David Bassett and initially operated as a Part 135 air-taxi operator with a
single leased airplane.
Since
then it has evolved “into a market leader in the Caribbean & Central
America” operating twelve 767 freighters, the airline said.
Other
milestones in the company’s history include the purchase of its first aircraft
in 1976, the investment in its first Boeing 727 in 1985, the opening of its
Miami hub in 1987, the opening of stations in Mexico, the Caribbean, South
America, Central America Europe and Asia in the late 80s to early 2000s, the
addition of a Boeing 767-200 aircraft in 2003 and first 767-300F in 2014.
More
recently the company achieved CEIV Pharma certification in 2017 and Federal
Aviation Administration (FAA) approval for ETOPS operations in 2020.
The
airline said its focus on customer service, reliability and safety over the
last five decades had contributed to its success.
Chief
executive Joe Mozzali said: “For a company to achieve a 50th year anniversary
milestone is extremely impressive, especially in the dynamic Latin America air
cargo market.
“This
is a direct reflection of our resilience while providing value and service to
customers and communities.
“We
could not do what we do without our most valuable asset, our people. I want to
thank our employees for their dedicated efforts as well as our customers for
their loyal support.”
The
last couple of years have not been easy for the airline and earlier this year
it went through a restructuring
and offloaded some freighters in response to a slowing air cargo market in
2023.
However,
the company said it is now back on track and said that over the first 11 months
of the year charter revenues have increased 39% year on year and scheduled
service revenues for the period are up 18% on a year ago.
“Amerijet
is now well-positioned long term to remain a market leader in the Caribbean and
Central America while executing our mission of transporting goods that enrich
and connect the lives of our customers and communities,” the company said in a
press release.
The
company has released a video to highlight its development
over the past 50 years.
Freighters may be solution to
Aeroflot’s scramble for aircraft parts
Russian
airline Aeroflot is reportedly exploring the possibility of using 737-800
Boeing Converted Freighters (BCFs) for passenger aircraft parts.
Aeroflot
is in talks with Volga-Dnepr Group over the possibility of acquiring five
737-800BCFs that are currently part of Volga-Dnepr-owned Atran Airlines’ fleet,
according to Russian publication Kommersant.
The
aircraft may be needed for Aeroflot subsidiary and low cost airline Pobeda,
according to the publication. But according to Kommersant’s sources, converting
Atrana’s aircraft into passenger aircraft under sanctions would be too
difficult and expensive.
Instead, Aeroflot is primarily interested in engines, landing gear, avionics, and other components, said the sources.
Image
source: Volga-Dnepr GroupThere
is limited information available regarding potential supply chain shortages in
Russia, but given the country has been engaged in conflict with Ukraine since
February 2022 and has since faced many sanctions from various countries and the
European Union (EU), it doesn’t come as a surprise that it may face a shortage
of aircraft parts.
The
737-800Fs concerned are owned by Ireland-based lessor AerCap, with whom
Aeroflot intends to conclude an insurance settlement deal. Atran was the first
Russian operator of 737-800BCFs. The airline has six 737-800BCFs in total, as
well as three Boeing 737-400SFs. None of the aircraft have flown since March
2022, although the company does currently fly one An-12BP.
Another
of Volga-Dnepr’s subsidiaries, AirBridgeCargo (ABC), allegedly had its air
operator certificate (AOC) suspended by Russia’s Federal Air Transport Agency
last month.
Before
the certificate was suspended, the document listed one Boeing-777 and 14
Boeing-747, two of which ABC returned to BOC Aviation (China) in the spring of
this year.
Volga-Dnepr
Airlines is understood by Air Cargo News to be only carrying
out limited operations due to restrictions on airspace imposed by sanctions
from various governments worldwide, but its AOC still includes four
An-124-100 and five Il-76. At the end of
last year, Volga-Dnepr Airlines filed a lawsuit against the
Canadian government over
the seizure of one of its Antonov AN-124 freighter aircraft that was stranded
at Toronto Pearson Airport in 2022.
Air Canada Cargo leases two Boeing 767Fs to Ethiopian Airlines
Air
Canada Cargo has recently leased two Boeing 767-300 freighters to Ethiopian
Airlines. According to a report published in Cargo Facts, these are
production-built Boeing freighters with MSN numbers 67023 and 67024.
The
aircraft will be operated by Ethiopian Cargo in the future. Both aircraft, MSN
67023 and MSN 67024 are relatively new, with MSN 67023 being 3 years old and
MSN 67024 being 2.9 years old, according to data from Planespotters.net. Air
Canada withdrew both aircraft from service in April this year, after which they
were stored at Kansas City International Airport.
Of
the two, MSN 67023 arrived in Addis Ababa on December 6, flying from Kansas
City with a stopover in Liege. Air Canada Cargo currently operates a fleet of
six converted Boeing 767-300Fs. Ethiopian Cargo, the cargo arm of Ethiopian
Airlines, has a fleet of 17 aircraft, including 4 Boeing 737-800Fs, 3 Boeing
767-300Fs, and 10 Boeing 777Fs, according to data from Ethiopian Cargo.
The
addition of these two Boeing 767-300Fs will increase the airline’s fleet to 19
aircraft. Air Canada announced the acquisition of two new, factory-built Boeing
767-300 freighters alongside its first-quarter 2022 results. These two aircraft
were scheduled for delivery in 2022 and were in addition to the eight 767-300s
that were being converted for cargo operations.
However,
a slump in the air cargo market led the airline to reduce its fleet expansion
plans. Despite a recovery in air cargo demand starting in late 2023, Air Canada
decided to phase out the new freighters it had added within a year of delivery.
The
airline had also planned to induct two Boeing 777 freighters, having placed an
order for them in August 2022. However, in September of the same year, it
decided not to take delivery of the aircraft.
Cargo to deliver $150mn profit for Alaska by 2027
Seattle-based
Alaska Air Group, which includes Alaska Airlines, Hawaiian Holdings, Horizon
Air and McGee Air Services, announced the launch of Alaska Accelerate, its
three-year strategic plan to deliver $1 billion in incremental profit following
the combination with Hawaiian Airlines.
"There
has never been a more exciting time to be a part of Alaska Air Group,"
says Ben Minicucci, CEO, Alaska Air Group. "We have built a winning
business model that has enabled us to outperform the industry over the past two
decades. Now, with the combination with Hawaiian Airlines, we will transform
our business and solidify our competitive advantage for years to come.”
The combined network and widebody fleet is
poised to double in revenue over the next few years, the presentation added.
"The expanded cargo organisation is led by industry veterans and is
estimated to unlock margins that are two to three times the system
average."
The
company's 2027 targets include: *Earnings per share of at least $10 *Double
digit pretax profit margins 11-13 percent *No margin dilution in year 1
following the merger *Synergy estimates doubled to at least $500 million.
“To
win in our industry, you must have relevance and loyalty, and that’s exactly
what we are accelerating over the next three years," says Shane Tackett,
CFO, Alaska Air Group. "The combination with Hawaiian gives us the scale
to be stronger than either of us could have been on our own – giving guests
what they want, where and when they want it.
And
it will drive substantial financial results that will continue to set us apart
from our competitors." The company will begin offering new non-stop
flights on A330 aircraft to key Asian markets in 2025 – connecting Seattle to
Tokyo Narita in Japan and Seoul Incheon in South Korea.
"Daily
non-stop Seattle-Tokyo Narita service starts in May 2025, offering guests an
option between the Pacific Northwest and Japan. Non-stop Seattle-Seoul Incheon
service is scheduled to begin in October 2025."
The
group plans to expand to at least 12 international widebody destinations by
2030, utilising a dozen Boeing 787-9s gained through the acquisition. Hawaiian
has so far taken delivery of two, with 10 remaining on order. Growing cargo
business
"As Asia represents 22 percent of the total
global air cargo market, the new passenger service between the continental
United States and Japan and South Korea are the first steps to directly connect
Alaska’s Seattle flagship cargo hub to the world’s most lucrative cargo
markets."
Jason
Berry, EVP, Cargo, Alaska Airlines and President, Horizon Air said during the
presentation that the cargo business is set to expand in strategic importance
for the group and deliver $150 million incremental profit.
"Network
synergies ($35 million), Yield and Optimisation ($55 million) and CMI+other
($60 million) will drive profit," Berry said. He added that the combined
network improves schedule quality and profitability (6,000 to 18,000 lanes) and
reduces the gap on widebody belly performance.
I hope you have enjoyed reading the above news letter.
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 1Branches : Chennai, Bangalore, Mumbai, Coimbatore,
Tirupur and Tuticorin.
Associate Offices : New Delhi, Kolkatta, Cochin & Hyderabad.
Thanks to : Container News, Indian Seatrade & Air Cargo News.
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