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 - August
22, 2025
Today’s
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/// Sea Cargo News ///
SeaLead
launches SEA7 Service
SeaLead has introduced a new South East
Asia service, SEA7, connecting South Korea and China with Indonesia and
Vietnam. The service strengthens direct trade within Asia and offers faster,
more reliable access to global markets.
The fixed port rotation is Busan,
Incheon, Shanghai, Ningbo, Jakarta, Semarang, Ho Chi Minh City and back to
Busan. SEA7 is the only direct service from Incheon to Semarang, cutting transit
times and avoiding trans-shipment delays.
SeaLead says the route boosts its Intra-Asia
network while maintaining dependable feeder links to long haul services. The company
expects the new service to improve cargo flow and efficiency for both regional
and global trade.
Wan
Hai Lines names WAN HAI A20 and supports local charity
Wan Hai Lines held a naming ceremony on
August 14 for its new 13,100 TEU vessel, WAN HAI A20, at Samsung Heavy
Industries Geoge Shipyard in South Korea.
WAN HAI A20 is the final vessel in a
series of thirteen 13,100 TEU container ships ordered by Wan Hai Lines from
Samsung Heavy Industries in 2021 and 2022.
Upon delivery, it will join the company’s
Asia – South America West Coast service. Measuring 335 meters in length and 51
meters in width and 16 meter draft, the series is equipped with newly designed,
environmentally friendly engines that improve energy efficiency and reduce fuel
consumption.
The last three vessels in the series
starting with WAN HAI A18 also feature large wind deflectors on the forecastle,
further enhancing fuel savings.
All thirteen ships have earned Smart Ship
Notation Certification, enabling advanced monitoring systems and real time date
collection on navigation and equipment performance to ensure safe, reliable
maritime operations.
With the completion of this series, Wan
Hai Lines has bolstered both its fleet capacity and competitive position.
Looking ahead, the company plans to take
delivery of 30 additional newbuild vessels between 2026 and 2030, further
expanding its tonnage and strengthening market presence.
Wan Hai Lines also marked the occasion by
donating to Sungro Orphanage, a local charity supporting community welfare
alongside its operational growth.
GB
trade with Northern Ireland tumbles..
New Government figures show a developing
crisis in trade between Norther Ireland and rest of the UK as 10.8% of
retailers completely stopped sending goods to Northern Ireland in June. 29.6%
of transport and storage sector companies say their volumes to the province
fell during the month.
Trump’s tariff wars may be grabbing the headlines but Brexit is still impacting trade more then five years on, says the international delivery expert Parcelhero. Strict new trade rules for goods sent from UK to Northern Ireland which came in at the end of March this year, have caused retail shipments to tumble.
Hapag
Lloyd posts solid H1 2025 results
Hapag Lloyd closed the first half of 2025
with solid results despite a challenging and volatile market. Group EBITDA
reached US$ 1.9 Billion, while EBIT stood at US$ 0.7 Billion. Group profit was
US$ 0.8 Billion.
The company faced fluctuating demand and
freight rates, driven in part by changing US trade policies. Congested ports
and security tensions in the Red Sea also affected operations.
In the Liner Shipping segment, revenues
rose to US$ 10.4 Billion. Transport volumes increased 11% to 6.7 Million TEUs,
led by growth in East – West trades.
The average freight rate held steady at
US$ 1,400 per TEU. EBITDA fell slightly to US$ 1.8 Billion, partly due to start
up costs for the new Gemini network and inflation-related pressures.
Hapag Lloyd’s Terminal &
Infrastructure segment also grew. EBITDA rose to US$ 79 Million and EBIT to US$
37 Million. The company expanded its terminal by acquiring a majority stake in
CNMP LH in Le Havre – France, in March 2025.
“In a volatile market, we increased
transport volumes and ended the half year on a solid note. The Gemini network
launch has been successful and sets new standards for schedule reliability. We
are also expanding Hanseatic Global Terminals,” said CEO Rolf Habben Jansen. In
H2 2025, we will focus on quality, growth and performance, while helping
customers navigate this uncertain market”.
Following the strong first-half
performance, Hapag Lloyd has refined its 2025 earnings forecast. Group EBITDA
is now expected between US$ 2.8 and 3.8 Billion and Group EBIT between US$ 0.25
and 1.25 Billion. However, geopolitical risks and volatile freight rates mean uncertainty
remains.
Yang
Ming reports Q2 2025 financial results
Yang Ming held its 405thh Board Meeting on August 12, 2025 and approved the company’s consolidated financial statements for the second quarter of the year. In Q2 2025, Yang Ming posted consolidated revenues of US$1.21 Billion, with an after-tax net profit of US$ 30.9 Million.
For the first half of 2025, consolidated
revenues totalled US$ 2.64 Billion, while after tax-net profit reached to US$
274.82 Million. EPS for the period was NT$ 2.51, impacted by weaker cargo
volumes, softer freight rates due to uncertainty in trade negotiations and the
recognition of profit seeking enterprise Income Tax on undisturbed earnings.
The July 2025 IMF World Economic Outlook
raised global GDP growth forecasts to 3% for 2025 and 3.1% for 2026, indicating
that trade barriers have had less impact then previously anticipated.
US
container imports hit second highest level in July 2025
As Japan International Freight Forwarders
Association (JIFFA) reported, U.S. container imports jumped to 2.62 Million
TEUs in July, according to Descartes Systems Group. That’s up by 18.2% from
June 2025 and 2.6$ higher than July 2024.
Imports from China surged to 923,075
TEUs, a 44.4% increase from the previous month and the highest this year, so
far. West Coast ports kept their lead over East and Gulf Coast ports for the
second month in a row.
Port delays ticked up only slightly
despite the heavy volumes, showing that infrastructure held up well. Still,
global supply chains face pressure from geopolitical tensions and shifting
trade policies.
July’s number were just 555 TEUs short of
the record set in May 2022. The rise follows the usual peak season pattern but
also reflects possible tariff driven frontloading by U.S. importers.
Compared to July 2019, volumes were up
19.3%. Year-to-date totals are 3.6% higher than the same period last year.
India accelerates use of rupee in global trade amid currency diversification drive
In a significant policy shift, the Reserve Bank of India (RBI) has taken decisive steps to expand the adoption of the Indian rupee (INR) for international trade settlements, bolstering its global economic footprint and reducing dependency on the U.S. dollar.
On 13 August, the RBI simplified and
accelerated rupee-denominated trade with Russia by relaxing procedures around
Special Rupee Vostro Accounts (SRVAs). Indian importers can now pay directly in
INR, which is converted to roubles and held in Russian banks in India, reducing
transaction costs, limiting exposure to U.S. sanctions, and bypassing the
limitations of SWIFT-based systems.
Since 2022, India has opened 156 SRVAs
across 26 Indian banks with correspondent entities in 30 countries, holding a
balance of ₹134.55 billion as of December 2024.
Global bids called for ₹19,239 crore
dredging for Vadhvan port
Vadhvan Port Project Ltd has called
global bids for development and maintenance of land to be created offshore by
dredging, reclamation and construction of offshore protection bund estimated
worth ₹19,238.57 crore on Public-Private-Partnership (PPP) Hybrid Annuity Mode
(HAM) for the planned port at Vadhvan in Maharashtra.
This is the first time that dredging, offshore reclamation and shore protection works for a new port in India is being implemented on public-privatepartnership (PPP) under Hybrid Annuity Mode (HAM).
Vadhvan Port Project Ltd, a joint venture between state-owned Jawaharlal Nehru Port Authority (74 per cent stake) and Maharashtra Maritime Board (26 per cent equity), is implementing the ₹76,220 crore port, billed India’s biggest public port with a capacity to handle 298 million tonnes (mt) of cargo a year, including 23.2 million twenty-foot equivalent units (TEU’s).
Once the construction of the port is
completed, the cargo terminals will be developed on PPP mode. Vadhvan Port will
have 9 container terminals with a total quay length of 9,000 meters, equipped
ith over 100 Quay-side gantry cranes to accommodate container ships with a
length overall of 350 meters or more. It will also have liquid cargo berths,
Ro-Ro facility, General / Coastal / Break Bulk cargo berths, Common Rail Yard,
Tank farms and Storage areas.
Govt to offer 30 port projects worth
₹1 lakh crore to private investors
The Ministry of Ports, Shipping and
Waterways has prepared a list of 30 port projects estimated at close to
₹1,00,000 crore to be implemented at stateowned ports on
Public-private-Partnership (PPP) model over the next four years or by 2030, a
top official has said.
This is in addition to some ₹20,000 crore
worth of port projects that are in different stages of tendering. “With
the Budget announcement, we have submitted a pipeline of PPP projects close to
₹1,00,000 crore over the next four years. So, there is a robust pipeline of
projects.
The way it has been happening, it will
gain more momentum,” R Lakshmanan, Joint Secretary, Ministry of Ports, Shipping
and Waterways, said at a media conference in Mumbai on August 12. T K
Ramachandran, Secretary, MoPSW said that the PPP model is being used for
mechanisation, upgradation, augmentation and re-construction of berths at major
ports.
The PPP projects in the pipeline includes
mechanisation of CQ-I and CQ-II Berths at Paradip Port on BOT basis (Rs.982
Crores), augmentation of Iron Ore Berth and construction of SQ-II Berth at
Paradip Port on BOT basis (Rs.697 Crores);
Mechanisation of multipurpose Berth at
Paradip Port on BOT basis (Rs.631 Crores), Bulk Terminals at Kamarajar Port Ltd
(Rs.500 Crores).
Re-construction of Berth No. 8 and
Mechanisation of Berth Nos. 7 and 8 at Nethaji Subhas Dock of Kolkatta Dock
System in Syama Prasad Mookerjee Port (formerly Kolkatta Port) on DBFOT basis
(Rs.699 Crores).
General Cargo Berth-I at Chennai Port
(Rs.221 Crores) and development of Berth No.9 at Mormugao Port on PPP mode
(Rs.200 Crores).
Fraport’s air cargo volumes rise 3.7% in July 2025
Frankfurt
Airport handled 179,055 metric tonnes of cargo in July 2025, marking a 3.7
percent year-on-year increase, according to Fraport’s latest traffic figures.
The rise in freight volumes came alongside 42,657 takeoffs and landings, up
5.3% from last year, with total maximum takeoff weights reaching about 2.6
million metric tonnes, a 2.3% increase.
The growth
in air cargo at Frankfurt reflects sustained demand on both intercontinental
and regional routes. While European leisure destinations such as Greece, Italy
and Spain drew strong passenger traffic, intercontinental routes to Thailand
and East Africa also saw significant demand, contributing to overall aircraft
movements and cargo capacity.
Across its global network, Fraport’s airports
handled around 22.9 million passengers in July, up 4.6% year-on-year. The
company reported notable growth in Slovenia’s Ljubljana Airport, Peru’s Lima
Airport and its two Brazilian airports, Fortaleza and Porto Alegre, with the
latter rebounding strongly after last year’s flood-related closure.
Riyadh Air signs 5-year deal with SATS to grow cargo
network
Riyadh
Air, the Kingdom of Saudi Arabia’s new national carrier, has signed a five-year
strategic partnership with SATS Saudi Arabia Company (SATS SA), a subsidiary of
SATS Ltd (SATS), to provide comprehensive cargo handling services at key
airports across the Kingdom.
The
agreement includes major cargo operations at the Riyadh Air hub at King Khalid
International Airport (RUH) with further support at King Fahd International
Airport (DMM) in Dammam and King Abdulaziz International Airport (JED) in
Jeddah.
As part of
the agreement, SATS Saudi Arabia will also develop world-class hub management
capabilities for Riyadh Air, establishing Riyadh as a premier regional cargo
hub and directly supporting Saudi Arabia’s Vision 2030 objective to handle 4.5
million tons of air cargo annually.
Adam
Boukadida, Chief Financial Officer at Riyadh Air, said: “This partnership with
SATS Saudi Arabia marks a pivotal milestone in Riyadh Air’s journey to become a
leading global carrier.
By
leveraging SATS’ advanced cargo handling capabilities and global network, we
are laying a strong foundation to build a world-class air cargo offering from
day one.
This
collaboration enables us to deliver operational excellence, high-value
logistics solutions, and strategic connectivity across key global trade lanes -
directly supporting Saudi Arabia’s Vision 2030 aspirations to position the
Kingdom as a premier global logistics hub.”
The hub
management operations will include centralised cargo and security control
centres for real-time operational oversight. These operations will leverage
SATS’ established hub management expertise, providing seamless coordination of
cargo connections and serving as a focal point for routing shipments to their
intended destinations across Riyadh Air’s growing global network.
This
integrated approach will enable Riyadh Air to launch a comprehensive suite of
cargo products and services that position the airline for a strong competitive
advantage in regional and global markets.
Supporting
these hub operations, SATS Saudi Arabia will deploy SATS’ proprietary COSYS+
Next Generation Cargo Management System, enabling real-time tracking and
data-driven decision-making.
The system
will be enhanced by advanced cargo digitisation technology and automated truck
dock management systems to further increase operational efficiency.
These
technological advances will be complemented by the facility’s scalable
infrastructure, ensuring robust capacity to support Riyadh Air’s long-term
growth ambitions.
This
significant agreement reinforces SATS’ growing presence in the vital Middle
East air cargo market and highlights its role as a trusted enabler for leading
global airlines and logistics players.
Riyadh
Air’s commitment to delivering world-class cargo services and establishing
Riyadh as a thriving hub in the global logistics landscape is exemplified
through this strategic partnership.
My Freighter starts China-Europe route, eyes fleet growth with 747Fs
Uzbekistan-based cargo airline My Freighter, in partnership with its cargo sales agent Air Cargo APAC, has officially launched a new scheduled international route connecting Shanghai (PVG), Tashkent (TAS), and Amsterdam (AMS). Operated twice weekly using a Boeing 767-300F, the service offers a total transit time of just 17 hours.
This new
route marks My Freighter’s debut in scheduled cargo operations, a significant
milestone made possible through its strategic collaboration with Air Cargo
APAC, according to an official release from My Freighter. To mark the launch of
the new route, My Freighter and Air Cargo APAC hosted a major event in
Shanghai, China, bringing together leading partners and agents from across
China.
The event
featured an official route presentation and discussions on future cooperation. The
new route was strategically designed as a smart logistics solution, connecting
China’s largest manufacturing and export hub with one of Europe’s major cargo
gateways, via the strategically positioned hub of Tashkent.
Alexey
Zotov, Managing Director of Air Cargo Green Capabilities, a global freight
forwarding and logistics company, spoke to The STAT Trade Times about the
current service frequency and future plans.
He noted
that the flight presently operates twice a week, on day three and day six, but
there are plans to increase the frequency to daily operations from two to seven
flights per week by the end of the year. In parallel, he added that the company
is working on introducing new markets, including Hong Kong and Seoul, with
connections to Western European airports such as Frankfurt, as part of their
ongoing expansion strategy.
Echoing
this, Abdulaziz Abdurakhmanov, Founder and CEO of My Freighter, also
highlighted the airline’s strategic growth plan, aiming to launch new routes to
Hong Kong, Amsterdam, and Frankfurt in the near future. Priority cargo on this
route (PVG-TAS-AMS) includes automotive parts, high-tech equipment,
semiconductors, e-commerce shipments, and express cargo.
These
categories reflect the growing demand for fast, reliable transport of
high-value and time-sensitive goods across Asia and Europe. Speaking about
fleet expansion, Abdurakhmanov stated that My Freighter plans to grow its fleet
with additional Boeing 767 freighters, as well as introducing Airbus A330s and
Boeing 747 freighters in the coming years.
He added,
“With our fleet plan, we aim to operate more than 30 aircraft by 2027.”
Notably, My Freighter currently operates a dedicated freighter fleet consisting
of eight Boeing 767Fs and one Boeing 757F. The airline received its eighth
Boeing 767F in May this year.
The
carrier also operates charter flights and passenger services under the Centrum
Air brand. Its passenger fleet currently includes nine narrow-body aircraft,
comprising Airbus A320, A320neo, and A321neo models, as well as one wide-body
Airbus A330.
In
addition to existing interline partnerships with carriers such as Biman
Bangladesh and Icelandair Cargo, Abdurakhmanov also highlighted a new interline
agreement with American Airlines.
Looking
ahead, he noted that My Freighter is planning to sign further interline
agreements with Chinese carriers, as well as airlines in Central Asia and
Europe, as part of its strategy to strengthen global connectivity and expand
its cargo network.
Maastricht Aachen Airport welcomed the inaugural My Freighter service with a traditional water salute. The Uzbek carrier will now operate twice-weekly cargo flights to and from the airport as part of its new schedule, according to an official release from Maastricht Aachen Airport.
The
carrier will deploy a Boeing 767-300 freighter on the new routes, transporting
e-commerce, automotive parts, general cargo, and flowers while linking
Shanghai, Tashkent, Almaty, and Maastricht. My Freighter’s cargo operations at
Maastricht Aachen Airport support the airport’s strategic plan to become a
future-proof regional hub, targeting 200,000 tonnes of freight and 600,000
passengers by 2030.
The Uzbek
carrier joins a strong lineup at the Netherlands’ second-largest cargo airport,
which is also served by Royal Jordanian, Turkish Cargo, Atlas Air, Ethiopian
Airlines, and Emirates SkyCargo. My Freighter currently operates a dedicated
freighter fleet consisting of eight Boeing 767Fs and one Boeing 757F.
Emirates SkyCargo expands network and capacity in East Asia
Emirates
SkyCargo, the cargo division of the world’s largest international airline, has
expanded its operations with the launch of passenger services to Hangzhou,
China. This development brings the carrier’s total weekly cargo capacity in and
out of East and Southeast Asia to over 21,000 tonnes.
Operating
the most extensive and diversified route network of any non-Asian airline in
the region, Emirates SkyCargo now serves 25 gateways across 12 countries and
territories, according to an official release from Emirates SkyCargo. East and
Southeast Asia, firmly established as the 'factory of the world', has developed
strong economic corridors that demand substantial air freight capacity to move
goods globally.
Emirates
SkyCargo supports this demand with dedicated freighters serving nine gateways
in the region, operating 44 weekly flights, the highest freighter flight
density across the airline’s global network. This is further supported by 13
weekly charter services to and from East Asia, providing consistent capacity
and reliable connectivity for Asian businesses to Europe and the Middle East.
These
freighter and charter operations are reinforced by 311 weekly passenger
flights, transporting both travellers and cargo using a mix of Airbus A380s and
Boeing 777s.
With its
high-frequency flight schedule, an Emirates aircraft takes off from East or
Southeast Asia approximately every half hour. “East and Southeast Asia are not
just anchors of our global network, they are shaping the future of global
logistics and global trade,” says Abdulla Alkhallafi, Vice President of Cargo
Commercial, Far East and Australasia.
“From
cutting-edge manufacturing hubs to high-growth consumer markets, the region
drives the pace of trade. Our strategic growth strategy and continued
investment in East Asia and Southeast Asia reflect this as we remain
laser-focused on building the capacity, routes, and partnerships to best serve
the exponential demand.”
As a
global hub for innovation, e-commerce, and advanced manufacturing, and boasting
a thriving agricultural sector, East and Southeast Asia have long been key
markets on Emirates SkyCargo’s global network.
In an
average week, Emirates SkyCargo uplifts over 450 tonnes of fresh fruit,
vegetables, seafood, and other perishable products, 100 tonnes of
pharmaceuticals and medical devices, 75 tonnes of electronics, semi-conductors
and smart goods, 180 tonnes of garments, and over 1,300 tonnes of e-commerce,
the release added.
The
‘Aerial Silk Road’, a network of air routes, logistics hubs, and aviation
infrastructure that mirrors the historic overland and maritime Silk Roads,
provides fast and efficient connections to global markets. With a network
spanning over 145 destinations, Emirates SkyCargo is well-positioned to support
global trade.
The
airline also plays a key role in China’s Belt and Road Initiative, offering
swift and reliable connectivity to more than 50 countries involved in the
initiative.
Unlocking
over 100 primary, secondary, and tertiary regional airports, Emirates SkyCargo
is able to better serve global customers with increased capacity, more
flexibility, and access into new markets in Asia; conversely, Emirates SkyCargo
supports Southeast Asian businesses with better connectivity into Europe, the
USA, and Canada. Since beginning operations in East Asia, Emirates has
consistently set benchmarks.
In
September 2002, Emirates SkyCargo launched freighter services between Dubai and
Shanghai, establishing the first direct air connection between the Middle East
and the Chinese mainland, 18 months before passenger services began.
This trend
continued in 2025 when Emirates SkyCargo introduced a weekly freighter service
to Japan’s Narita International Airport, marking the first direct and scheduled
freighter link between Narita and the Middle East. The Narita freighter enables
faster and more flexible shipments, carrying pharmaceuticals, semiconductor
parts, and large or unusually shaped cargo such as machinery components.
Etihad Cargo boosts winter schedule with more flights and routes
Etihad
Cargo, the cargo and logistics arm of Etihad Airways, has announced an expanded
winter schedule that will significantly increase belly-hold cargo capacity and
enhance connectivity across its global network.
The
revised schedule adds new routes to Hanoi, Hong Kong, and Taipei, reinforcing
the airline’s presence in Asia and offering expanded access to some of the
world’s fastest-growing cargo markets, according to an official release from
Etihad Cargo. “Our customers remain at the core of our strategy.
This
expanded winter schedule offers greater access to Etihad Cargo’s global
network, providing more capacity, flexibility, and reliable connections.
Whether moving goods between continents or enabling rapid regional transport,
we are committed to supporting industries with world-class cargo solutions,”
says Stanislas Brun, Chief Cargo Officer, Etihad Cargo.
By October
2025, Etihad Cargo will offer belly-hold capacity on more than 880 passenger
flights per week, with the number set to exceed 1,000 weekly flights by March
2026, further enhancing global connectivity and customer options.
Between
November 2025 and March 2026, Etihad Airways will progressively launch services
to 16 new destinations, including Addis Ababa, Algiers, Almaty, Baku,
Bucharest, Chiang Mai, Kazan, Krabi, Medan, Medina, Phnom Penh, Tashkent,
Tbilisi, and Yerevan.
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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