JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.

 

E-MAIL : Robert.sands@jupiterseaair.co.in   Mobile : +91 98407 85202

 

Corporate News Letter for  Wednesday -  January  22,  2025

Today’s Exchange Rates 

CURRENCY	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE	DAY's LOW-HIGH
USD/INR	86.58	0.010002	0.011554	86.28	86.57	86.28- 86.595
EUR/USD	1.0421	0.0005	0.048	1.0416	1.0416	1.0342- 1.0434
GBP/INR	106.0552	0.637596	0.604829	106.186	105.4176	105.9342- 106.3528
EUR/INR	89.6416	0.420601	0.471415	89.7521	89.221	89.5398- 89.8573
USD/JPY	155.568	-0.052002	-0.033416	155.62	155.62	154.778- 156.235
GBP/USD	1.2328	0.00	0.00	1.2328	1.2328	1.223- 1.2345
DXY Index	108.703	-0.643997	-0.588948	107.968	109.347	107.965- 108.783
JPY/INR	0.5554	0.0019	0.343273	0.5562	0.5535	0.5543- 0.5592

 ///                   Sea Cargo News            ///

ASCO acquires another large-capacity vessel with unlimited sailing capabilities

 

ASCO has added another Aframax tanker with unlimited sailing capabilities, operated by the shipping company Capital Maritime and Trading Corp, to its fleet. Relevant documents were signed between ASCO and representatives of Capital Maritime and Trading Corp regarding the delivery of the tanker.

The newly commissioned tanker has a deadweight of 115,500 tons, a length of 249.95 meters, a width of 44 meters, and a draft of 21.2 meters. The ship, which can reach a speed of 16 knots, was built in accordance with the latest standards to ensure the safe and efficient transportation of oil and oil products. The tanker meets international environmental requirements, is economical in fuel consumption, and is equipped with high security systems.

The project to purchase this Aframax tanker, which is 100% owned by ASCO, was financed by ASCO's profits, funds obtained from bonds issued by the company in the local market, and loans attracted from local banks.

It should be noted that this ship was given on a time charter to Petrobras, the national oil and gas company of Brazil, for a period of 3 years under a contract. Thus, its operation was ensured during that period.

Following delivery, the tanker delivered its first cargo from Brazil to Singapore and Malaysia. Its next voyage from Malaysia to Saudi Arabia is scheduled for the coming days.

Since 2023, a total of 7 large-capacity vessels have been commissioned in international waters, including 5 Aframax tankers and 2 Handysize dry cargo vessels. 4 of the Aframax tankers were purchased by the Joint Venture established by ASCO and SOCAR.

Expanding activities in non-Caspian basins and thereby contributing to external revenues to the country through the export of local shipping services is one of ASCO's main goals, and activities in this direction will continue in the coming periods.

Adriatic Gate Container Terminal welcomes Bora Med Service

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) business unit at the Port of Rijeka in Croatia, has been added to the port rotation of the recently launched Bora Med service by CMA CGM Short Sea Lines. 

The new service, which commenced last 23 December in Antalya, establishes a sustainable maritime link between Türkiye, the Adriatic region and the Eastern Mediterranean. It replaces the intra-Mediterranean SSLMED Türkiye Med Express 3 (TMX3) service, offering the Adriatic market with an upgraded service that introduces larger ships up to 2,500 TEUs and an expanded port rotation. The weekly service significantly improves connectivity and transit times for both regional and international shipments.

“AGCT’s inclusion in this service underscores our role in the Adriatic region and our commitment to provide flexible solutions for our clients. We welcome the opportunities brought about by the enhanced coverage and faster transit times,” said Emmanuel Papagiannakis, AGCT chief executive officer.   

The port rotation for the BMS service is as follows: Antalya – Izmir – Aliaga – Ambarli – Gebze – Gemlik – Malta – Ancona – Ravenna – Venice – Trieste – Koper – Rijeka – Bar – Taranto – Malta – Limassol – Alexandria – Beirut – Antalya.

CMA CGM to revamp AMERIGO service

CMA CGM is pleased to introduce the new setup of its AMERIGO service connecting the Mediterranean and North America, starting in Salerno on February 10th, 2025.  

This new service will offer to customers the experience of an enlarged coverage from Southern to Northern Italian ports.  

The customers will now benefit from:

- New rotation: Algeciras - Salerno (new) - La Spezia - Genoa - Vado Ligure - Valencia - Algeciras - New York - Norfolk - Savannah - Miami

 - Extensive coverage of Italy from North to South: New direct call at Salerno now allows AMERIGO to serve South Italy markets 

- Fast transit time from Valencia to US East Coast:  New York in 12 days, Norfolk in 15 days, Savannah in 17days & Miami in 20 days

- Direct call to Miami.

- Westbound & Eastbound call in Algeciras, Spain: Offering optimal connections to CMA CGM Network

- Unique LNG service on the market 

 

///                   Air Cargo News            ///

Royal Air Maroc Cargo partners with CHAMP Cargosystems

Royal Air Maroc Cargo, the national airline of Morocco, has strengthened its 15-year partnership with CHAMP Cargosystems by implementing Cargospot Mobile and Cargospot Handling.

With these recent additions, Royal Air Maroc Cargo continues to strategically expand its CHAMP portfolio, addressing key challenges in the air cargo industry through solutions such as Cargospot Airlines, Cargospot Handling, Traxon Global Security, and Traxon Global Commerce.

Implemented earlier in the year, Cargospot Mobile elevates RAM’s hub operations in Casablanca by putting Cargospot Handling in the hands of employees through mobile devices directly on the warehouse floor. This will equip Royal Air Maroc Cargo with live shipment status updates, data insights and safety mechanisms for the handling of dangerous goods, unlocking profound efficiency gains through enhanced connectivity and streamlined operations.

July marked another milestone with Royal Air Maroc Cargo's successful deployment of Cargospot API giving the airline access to CHAMP’s industry-leading suite of APIs which include services for booking and pricing to be used in tandem with CHAMP’s Cargospot solution. Royal Air Maroc Cargo was particularly enthusiastic to connect with API marketplace, cargo.one, to deliver a world-class digital booking experience and visibility across global customer markets.

Both implementations were executed successfully with impressive speed and were made possible through shared values of collaboration, innovation, and interconnectivity.

Ali Ghaffar, Head of Sales – EMEA at CHAMP, said “We are delighted to equip Royal Air Maroc with Cargospot Mobile and Cargospot APIs and facilitate their continued success. The addition of new Cargospot products combined with their existing suite of CHAMP solutions positions them for excellent growth and opportunities ahead.”

Yassine Berrada, VP Cargo at Royal Air Maroc said “The implementation of Cargospot Mobile and Cargospot APIs have been an exciting development that enables us to automate repetitive tasks through digitalized operations. We look forward to increasing our efficiency, productivity, and interconnectivity with the latest technology and innovative software solutions from CHAMP.”

Chapman Freeborn strengthens presence in Saudi Arabia

Chapman Freeborn has expanded its cargo and passenger operations in Saudi Arabia, having signed an agreement with AJEX Logistics Services, a Middle East-based company specialising in express distribution and shipping solutions.

The move by the global charterer comes as a strategic response to Saudi Arabia’s Vision 2030 programme which aims to increase air freight capacity to 4.5 million tons per year.

“This collaboration aligns with our mission to provide world-class aviation services and reflects our dedication to supporting the Kingdom’s Vision 2030,” said Gerhard Coetzee, Vice President Cargo at Chapman Freeborn.

“Together, we will drive innovation and excellence in aviation and cargo operations, ensuring that our clients benefit from the best possible service.”

Chapman Freeborn’s increased service offering mirrors its commitment to the region, following significant investment in personnel throughout the last two years, including the appointment of Linas Dovydenas as President of IMEA (India, Middle East and Africa) in November.

Under the terms of the agreement the companies will collaborate to offer comprehensive airport ground and cargo handling, and management of special cargo projects.

“By combining our regional strengths with Chapman Freeborn’s extensive global network, we are committed to delivering enhanced aviation and cargo solutions that support the Kingdom’s ambitious growth objectives,” said Mohammed Albayati, Chief Executive Officer, AJEX Logistics Services.

Launched in 2016, Saudi Vision 2030, is an ambitious plan to diversify the Saudi economy and reduce its dependence on hydrocarbons.

Chapman Freeborn was awarded Air Charter Broker of the Year at the Payload Asia Awards last October in recognition of its role reinforcing supply chains’ resilience through time-critical deliveries and rapid response to humanitarian crises.

Chapman Freeborn has expanded its cargo and passenger operations in Saudi Arabia, having signed an agreement with AJEX Logistics Services, a Middle East-based company specialising in express distribution and shipping solutions.

The move by the global charterer comes as a strategic response to Saudi Arabia’s Vision 2030 programme which aims to increase air freight capacity to 4.5 million tons per year.

“This collaboration aligns with our mission to provide world-class aviation services and reflects our dedication to supporting the Kingdom’s Vision 2030,” said Gerhard Coetzee, Vice President Cargo at Chapman Freeborn.

“Together, we will drive innovation and excellence in aviation and cargo operations, ensuring that our clients benefit from the best possible service.”

Chapman Freeborn’s increased service offering mirrors its commitment to the region, following significant investment in personnel throughout the last two years, including the appointment of Linas Dovydenas as President of IMEA (India, Middle East and Africa) in November.

Under the terms of the agreement the companies will collaborate to offer comprehensive airport ground and cargo handling, and management of special cargo projects.

“By combining our regional strengths with Chapman Freeborn’s extensive global network, we are committed to delivering enhanced aviation and cargo solutions that support the Kingdom’s ambitious growth objectives,” said Mohammed Albayati, Chief Executive Officer, AJEX Logistics Services.

Launched in 2016, Saudi Vision 2030, is an ambitious plan to diversify the Saudi economy and reduce its dependence on hydrocarbons.

Chapman Freeborn was awarded Air Charter Broker of the Year at the Payload Asia Awards last October in recognition of its role reinforcing supply chains’ resilience through time-critical deliveries and rapid response to humanitarian crises.

EVA Air achieves Taiwan’s first dual IATA CEIV lithium batteries certifications

EVA Air, together with Evergreen Airline Services and Evergreen Air Cargo Services, has been certified the Center of Excellence for Independent Validators (CEIV) Lithium Batteries certification by the International Air Transport Association (IATA). This recognition makes EVA Air the first airline in Taiwan to achieve dual certification for passenger and cargo operations, highlighting its professional expertise and operational excellence across both sectors. It also shows the airline’s steadfast commitment to aviation safety.

With the growing use of lithium batteries and the rapid expansion of e-commerce, the demand for their transportation has increased significantly in air cargo shipments and passenger luggage. Prioritizing safety, EVA Air and its affiliate companies have adopted stringent standards encompassing training, self- audit, risk management, and quality control. These measures ensure compliance with international regulations, mitigate transportation risks and enhance the reliability of lithium battery shipments.

This certification covers all aspects of passenger, cargo, and ground handling operations. For passenger service, it includes stringent luggage checks, emergency response training for pilots and cabin crew, and advanced fire suppression systems on aircraft. On the cargo side, it reinforces the storage, handling, and transportation of lithium battery shipments. All operational processes adhere to IATA’s highest safety standards to ensure the secure transport of cargo and luggage.

EVA Air achieved CEIV Lithium Batteries certification with a “zero-defect” standard. Building on its successful CEIV Pharma certifications in 2021 and 2024, the airline has become the first in Taiwan to obtain dual certifications for lithium batteries and pharmaceutical cold chain operations. These achievements further enhance EVA Air’s expertise in passenger and cargo services, setting a new benchmark for the industry.

Guided by its core principles of “Safety, Service, and Sustainability,” EVA Air integrates its “zero accident” safety goal into the mindset of every employee. The airline continues to innovate and refine its operations, providing passengers with a safe and comfortable travel experience while offering cargo customers unparalleled security and service quality. EVA Air remains dedicated to building a trusted and sustainable brand, leading the way as a global aviation benchmark.