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 - May 30,
2025
Today’s
Exchange Rates
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
85.51 |
0.139999 |
0.163991 |
85.50 |
85.37 |
85.3975- 85.6275 |
|
|
1.1373 |
0.0081 |
0.717325 |
1.1292 |
1.1292 |
1.1211- 1.1374 |
|
|
115.1878 |
-0.138702 |
-0.120269 |
114.9337 |
115.3265 |
114.7915- 115.1938 |
|
|
96.4576 |
-0.276299 |
-0.285627 |
96.2254 |
96.7339 |
96.0936- 96.4576 |
|
|
144.099 |
-0.740997 |
-0.511597 |
144.84 |
144.84 |
144.052- 146.287 |
|
|
1.3502 |
0.0033 |
0.245012 |
1.3469 |
1.3469 |
1.3416- 1.3507 |
|
|
100.008 |
0.133003 |
0.13317 |
100.411 |
99.875 |
99.935- 100.481 |
|
|
0.5891 |
-0.002 |
-0.338348 |
0.5895 |
0.5911 |
0.5838- 0.5897 |
/// Sea Cargo News ///
Pakistan imports, exports hit as India
bans transshipment of cargoes via its ports
Pakistan’s exports and imports are facing a major
problem as India is refusing transshipments of cargoes emanating from Karachi
or Qasim, or the South Asia Pakistan Terminal into any of its ports.
This has led to most of the shipping lines
suspending direct services of mother vessels to and from Pakistan and deploy
feeder vessels to Pakistani ports and terminals, media reports from Islamabad
said.
A shipping company official from Mumbai confirmed
that ships that have visited Pakistan are not being allowed into any Indian
port for security reasons. The reverse is also happening.
The problem due to this is that shipping liners have cancelled direct vessels, which will lead to a delay in shipments, lower capacity and increased costs. The problem for Pakistan’s trade is that India’s Mundra Port is used mainly for shipments to Europe. Pakistan has been denied access now.
Record wheat harvest in India paves
way for exports
India’s wheat harvest, threatened by the second
hottest February in more than a century, is set to be a record this year,
thanks to favourable weather at the crucial grain-filling stage , boosting
yields, said Ratan Tiwari, director of the state-run Indian Wheat and Barley
Research Institute.
He said the absence of significant hail or disease
damage and the use of climate-resistant, high-yielding varieties had helped
boost output. The world’s second-largest wheat producer is expecting a
record harvest thanks to good weather conditions.
The positive outlook is prompting flour mills to
ask the government to lift a ban on wheat exports. The president of the Flour
Mills Federation of India, Navneet Chitlangiya, said the association had
earlier demanded a reduction in import duty due to concerns over the crop, but
that had changed.
Vadhavan Port to be three times bigger
than Jawaharlal Nehru Port: Maharashtra CM Devendra Fadnavis
The upcoming Vadhavan Port in Maharashtra’s Palghar
district is set to become a major maritime hub, projected to be three times
larger than the Jawaharlal Nehru Port (JNPT) in Nhava Sheva, Raigad.
JNPT is currently India’s leading container-handling port, responsible for around 50 per cent of the country’s total containerised cargo at major ports. Speaking about the project at an interaction with Indian Foreign Service officers, Maharashtra Chief Minister Devendra Fadnavis said, "The upcoming Vadhavan Port will be three times larger than JNPA and is expected to rank among the world’s top 10 ports.
This port is set to give rise to a new economy over
the next 20 years, with Mumbai alone having the potential to be a 1.5
trillion-dollar economy." The port’s development will follow the
public-private partnership (PPP) model and will include the construction of
core infrastructure, terminals, and commercial facilities.
In parallel, the Maharashtra Airport Development
Company, a state government entity, has initiated a pre feasibility study for a
proposed greenfield airport in the Vadhavan region, aimed at further boosting
regional connectivity and infrastructure.
Plans for the port also include road and rail
connectivity. It will be linked to the national highways managed by the
Ministry of Road Transport and Highways, as well as to the existing railway
network and the upcoming dedicated rail freight corridor under the Ministry of
Railways.
Bangladesh port curbs may shift Rs
1,000 crore textile trade to Indian manufacturers
India’s recent decision to restrict imports from Bangladesh through land routes could open up a Rs 1,000–2,000 crore opportunity for the domestic textile sector, according to industry insiders.
However, the move may temporarily disrupt supply
chains of major Indian and global apparel brands, potentially causing a 2–3%
rise in prices of popular items like T-shirts and denims during the winter
season.
The Directorate General of Foreign Trade (DGFT), in
a notification issued on Saturday, banned garment and other product imports
from Bangladesh via land ports.
However, shipments are still permitted through the Kolkata and Nhava Sheva seaports. The decision comes amid rising concerns over a surge in duty-free textile imports from Bangladesh, enabled by India’s zero-duty policy.
However, the move may temporarily disrupt supply
chains of major Indian and global apparel brands, potentially causing a 2–3%
rise in prices of popular items like T-shirts and denims during the winter
season.
The Directorate General of Foreign Trade (DGFT), in
a notification issued on Saturday, banned garment and other product imports
from Bangladesh via land ports.
However, shipments are still permitted through the Kolkata and Nhava Sheva seaports. The decision comes amid rising concerns over a surge in duty-free textile imports from Bangladesh, enabled by India’s zero-duty policy.
U.S. remained top destination for
engineering exports in April: EEPC India
The U.S. was the top destination for Indian engineering exports in April with shipments of worth $1.66 billion of a total of $9.51 billion of such exports. According to EEPC India, the U.S. was the top destination for India’s export of iron and steel, industrial machinery, non-ferrous metals and products and automobile components.
Export of iron and steel to the U.S. saw 343 % growth last month compared with April 2024 and iron and steel products exported to the U.S. registered an 11 % increase.
The EEPC India said the overall decline in
aluminium exports was due to 14.4 % decline to the US and 21.2 % reduction in
exports to South Korea. The decline to the US market was “majorly attributed to
the Section 232 tariffs reinstated by the US in March 2025”.
Meanwhile, maximum jump in engineering exports in
April was to South Africa (51.3%), Australia (42.3%) and the UAE (37.3%). An
industry representative, who did not want to be named, said shipments to the US
could have gone up in April fearing the impending tariff implementation.
Sri Lanka, Tamil Nadu trade revives as
India’s Shipping Directorate eases foul weather norm
India’s Directorate General of Shipping, in a
circular dated May 19, relaxed foul weather norms for the operation of
Mechanised Sailing Vessels (MSV), or thonies, between Thoothukudi and Sri
Lanka, which would allow trade operations throughout the year.
Operators say this has come as a shot in the arm for maritime trade between the two countries.
Hitherto, the Merchantile Marine Department (MMD)
allowed MSVs to set sail only between September and April, which is considered
fair weather period. The period from May to August is considered foul
weather period and MSVs remain moored in harbour.
Mechanised sailing vessel operators hope the development will help them reclaim trade with Sri Lanka, which they lost in 2008 due to multiple factors, including the war between LTTE and Lankan military, and severe competition from other operators.
MSC renews lease for terminal
operating subsidiary at Port Everglades until 2034
MSC has cemented its presence at US east coast
gateway Port Everglades, yesterday signing a 10-year lease renewal for its
local terminal operating subsidiary, Everglades Company Terminal.
The 10-year Marine Terminal Lease and Operating
Agreement was signed with local municipal authority and port owner Broward
County and covers the 39.18-acre terminal in the port’s Southport area.
The agreement runs until 31 December 2034, with two optional five-year extensions, and replaces a previous lease held since 2004 by MSC. “This agreement with ECT and the continuity provided by its terminal operator, Port Everglades Terminal, further strengthens our position as a vital global gateway for trade,” said Joseph Morris, CEO and port director of Port Everglades.
Chinese EV sales success in Europe a
boost for rail freight
Rail freight operators could win big from a surge of Chinese electric vehicles into Europe, with Shenzhen based BYD outselling Tesla in the market for the first time.
Figures from Jato Dynamics for April show a 359%
year-on-year leap in BYD’s Europe sales , as it registered some 7,231 new
vehicles over the period to surpass Tesla, which has led the EV market in
Europe for years. Felipe Munoz, global analyst at Jato, said: “Although
the difference between the two brands’ monthly sales totals may be small, the
implications are enormous.
“This is a watershed moment for Europe’s car market, particularly when you consider Tesla has led the European battery EV market for years and BYD only officially began operations beyond Norway and the Netherlands in late 2022.” Contrasting starkly with BYD’s monumental growth, Tesla sales recorded another monthly decline, as new registrations dropped to 7,165, representing a 49% downturn, year on year.
Average discounts have been cited as ranging from
8% to as high as 16%, with JP Morgan warning that Chinese EV makers are facing
an uncertain future as a consequence.
For BYD, the move to rail freight aligns with
expectations that it will be forced to increase its manufacturing presence in
Europe if it wishes to continue selling there.
CMA CGM launches
new service, the Scandinavia West Coast Express
Gothenburg – Aarhus – Klaipeda – Gdansk –
Gothenburg.
Please see the shipping route map given below for your reference.
Star Air to expand domestically before
going international: CEO Tiwana
Regional airline Star Air will focus on
expanding its domestic network and increasing flight frequencies before
pursuing international operations, the airline’s Chief Executive Officer,
Simran Singh Tiwana, said. “We will first commence flight operations to
new domestic destinations and increase frequencies.
We are looking at starting flights to four to
five new cities this year,” Tiwana said. The airline currently operates to
25 stations, such as Bengaluru, Hyderabad, Kolhapur, Ghaziabad (Hindon), Ajmer
(Kishangarh), Raipur, Jharasuguda, Belagavi, Diu, and Ahmedabad, among
others.
“However, under our three-year strategy, we
are progressively making preparations for international operations by inducting
aircraft and increasing capacity. These operations under our current strategy
are expected to take place by the first quarter of FY28,” he said.
Star Air is set to expand its fleet to 25
aircraft over the next 36 months to enhance domestic connectivity and support
the regional air connectivity UDAN Scheme, said the CEO. We will induct 2
Embraer E175 aircraft in FY26, followed by 4 additional E175s in FY27.
Currently, we are operating a fleet of ten Embraer jets, he said.
Mumbai airport facilitates its first hand carriage jewellery export
Mumbai airport has completed its first hand
carriage jewellery export, marking a significant milestone for India’s gem and
jewellery trade. The export, valued at Rs 7.5 crore, was executed directly from
the premises of the Bharat Diamond Bourse (BDB).
The process involved close coordination
between the Gem and Jewellery Export Promotion Council (GJEPC), Customs
officials, BDB authorities, operational teams, the trade community, and Customs
House Agents, the GJEPC reported on its website.
The passenger received the export parcel
post-immigration at a designated airport counter before boarding an
international flight at 2:00 am on May 20. The successful clearance is
part of wider efforts to streamline exports through improved infrastructure and
regulatory support.
The GJEPC extended its gratitude to all
stakeholders involved and confirmed that its new office at the BDB premises has
now been notified. A formal notification appointing BDB as the custodian is
expected shortly.
Industry stakeholders view this development
as a key step towards enhancing the ease of doing business in the sector,
according to the GJEPC. By enabling direct export from the BDB, the move is
expected to reduce transit time, improve efficiency and reinforce India’s
standing as a global hub for gems and jewellery.
Xinjiang launches first direct air cargo route to Baltic Sea area
A flight carrying 51 tonnes of e-commerce
goods departed from northwest China's Xinjiang Uygur Autonomous Region and
arrived in Tallinn, capital of Estonia, on Wednesday, representing the region's
first direct air cargo route to the Baltic Sea area.
The route is operated once weekly by a Boeing
767 freighter with a single-trip flight time of approximately 11 hours.
Compared to conventional aircraft, it offers a 30 percent increase in cargo
capacity, primarily transporting light industrial products such as garments and
daily necessities, thereby cutting logistics costs.
This route enables Chinese sellers to directly connect with e-commerce platforms from northern Europe and helps improve the shopping experience for consumers in northern Europe, said Feng Liang, general manager of Xinjiang Wanshengtong Supply Chain Management Co., Ltd.
Lufthansa Cargo introduces new tools
for temperature-sensitive freight
In May 2025, Lufthansa Cargo announced the
addition of four new features to strengthen its temperature-sensitive logistics
services. Based in Germany and operating worldwide, the company introduced
these updates to address increasing customer demand for the safe transport of
products like vaccines, microchips, and high-tech components.
The new features include 24/7 shipment
monitoring via a Pharma Control Tower, added protection with Thermo Covers,
live tracking through smartULD, and quicker booking options using
td.Zoom.
AF KLM Cargo upgrades online allotment
service
Air France KLM Martinair Cargo has added new
options to its online allotment service in response to customer
demand. The cargo group said the new options would bring the
“autonomy of spot bookings to contracted capacity” by allowing increased flexibility
around bookings when using its myCargo booking platform.
The upgrades include the ability to
self-select air waybill numbers to streamline operations, select specific
shipment start and end points; input detailed cargo handling information in
line with contractual agreements; and designate shippers in accordance with
contract terms.
The company said this would increase
flexibility, create greater efficiency and improve customers’ ability to
self-serve. GertJan Roelands, senior vice president commercial at Air
France KLM Martinair Cargo, said: “Empowering our customers to manage their
business anytime, anywhere lies at the heart of our digital strategy.
“The new allotment customisation option in Mycargo
is a game changer, giving users full control over their allocations 24/7. This
launch marks a key milestone in our commercial transformation and reaffirms our
commitment to customer-centric innovation”. The ability to manage allocations
was first launched by the group in 2023.
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, Cargo Forwarder Global & Air Cargo News.
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