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 - August
21, 2025
Today’s
Exchange Rates
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87.07 |
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1.166 |
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117.5556 |
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101.3945 |
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147.142 |
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1.3469 |
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98.262 |
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0.5906 |
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/// Sea Cargo News ///
Top
Container Ports : Key Rankings and Insights
Introduction to the Rankings
The world’s top container ports continue
to drive global trade, with Asian hubs leading the way, according to DynaLiners
Millionaires report, that spotlights 157 ports. Each of them handled over one
million TEUs.
These “millionaire” ports account for 88%
of global container throughput. The total volume reached 820.6 million TEUs,
marking an 8% increase from 2023.
Asian ports dominate the rankings. China secures 6 of the top 10 spots. Data includes TEU handled in 2024, growth rates and comparisons to prior years.
Transworld
Shipping reveals Q1 FY26 results and acquisitions
Transworld Shipping Lines Limited has reported its unaudited financial results for the quarter ended June 30 2025 and announced a series of strategic business moves to strengthen its market position.
For the first quarter of FY26, revenue
stood at approximately US$ 11.4 Million, marginally up from US$ 11.3 Million in
the same quarter last year.
EBITDA came in at US$ 2.5 Million,
compared to US$ 3.7 million a year earlier.
The company reported a loss before tax of
US$ 0.84 Million, versus a profit of US$ 0.36 Million in Q1 FY25. Profit after
tax stood at a loss of US$ 0.96 Million, compared to a profit of US$ 0.24
Million in the prior year period.
The Board of Directors has approved the
acquisition of two companies, Transworld Integrated Logistek P. Ltd and
Transworld Logistics P. Ltd, making both entitles wholly owned subsidiaries.
These acquisitions are intended to
accelerate revenue growth through a broader service portfolio, expansion into
emerging markets and key trade corridors and enhanced global reach.
By leveraging the operational strengths
of these subsidiaries, the company aims to boost customer acquisition, improve
retention and deliver greater value to clients and stakeholders.
In addition, the Board has approved
entering into a JV agreement with BainBridge Navigation DMCC, in which
Transworld will hold a 60% stake. The joint venture, to be incorporated in
Dubai – UAE, will focus on establishing a shipping pool company for the
Handysize vessel segment.
This initiative aims to consolidate operations
and improve efficiency within the dry bulk shipping market. Both acquisitions
and the joint venture are expected to be completed by December 31, 2025.
Top Container Shipping Companies
The Top Container Shipping Companies play
a critical role in keeping the world’s supply chains moving, delivering goods
across oceans and connecting economies. As of August 2025, according to Alphaliner
data, the industry is led by a small group of powerful carriers competing fiercely
for market share.
No. 1 : MSC – The Global Giant at the Helm
Mediterranean Shipping Company (MSC)
stands unchallenged at the top of the Top Container Shipping companies list. Boasting
a remarkable capacity of 6,768,227 TEU, MSC commands 20.8% of the global
market. The company’s ambitious orderbook of 133 vessels signals the company’s
determination to retain its dominance well into the future. MSC focuses on both
scale and service innovation.
No. 2 : Maersk – The Logistics Powerhouse
Notably in second place is Maersk, operating 4,619,020 TEU and holding a 14.2% share of the global container fleet. Maersk continues to strengthen its position with 49 ships on order, investing heavily in integrated logistics solutions and sustainable shipping technology to maintain its status among the world’s largest container carriers. No. 3 : CMA CGM – Expanding Ambitions.
CMA CGM secures third place among the top
container shipping companies with 4,020,137 TEU and a 12.3% market share. It’s
94 ship orderbook demonstrates a bold growth strategy aimed at boosting
capacity and expanding its global service network.
Holding fourth position, COSCO Shipping
operates 3,435,918 TEU, thus representing 10.5% of the global fleet. COSCO
remains a key player in connecting Asia with major trade routes world-wide,
supported by 71 vessels on order.
In addition, Germany’s Hapag Lloyd ranks fifth with 2,399,240 TEU and a 7.4% market share. The company’s 31 ships on order highlight a balanced approach to expansion, emphasizing efficiency and service quality.
No. 6 : ONE and No. 7 : Evergreen –
Pacific Powerhouses
Ocean Network Express (ONE) holds sixth place with 2,091,988 and a market share of 6.4%
and 49 ships on order. While Evergreen Marine follows with 1,858,308 TEU and a
market share of 5.7% and an identical order book. Both carriers are expanding strategically to
strengthen their competitive positions in the Asia Pacific market.
No. 8 : HMM, No. 9 : ZIM and No. 10 : Yang Ming – Eminent Players
Furthermore, rounding out the top
container shipping companies, HMM manages 941,019 TEU with 2.9% market share
with seven ships on order. Israeli Carrier ZIM operates 761,715 TEU and a
market share of 2.3% with 14 ships in development. Yang Ming of Taiwan holds 726,031 TEU with
2.2% of market share and 18 ships are on order.
Therefore, while smaller in scale, these carriers remain influential in
niche markets and regional trade lanes.
The future of the Top Container Shipping
Companies
Meanwhile, the competition among the top
container shipping companies are intensifying with massive fleet expansions,
greener technologies and shifting trade patterns all shaping the industry’s
future. However, as order books turn into operational capacity, the global
rankings could change, but the importance of these carriers to world trade is
certain to remain.
Crowley’s fourth Avance Class Ship begins first voyage
Crowley’s newest Avance Class ship, Torogoz, has entered commercial service, marking the completion of the company’s fourth vessel Avance Class container ship.
The vessel departed Port Everglades,
Florida – USA on Tuesday August 19, 2025 for its first voyage to Central
America. With a capacity of 1,400
TEUs, including 300 Reefer Containers,
Torogoz is designed for the fast and frequent delivery of diverse cargo from
apparel and fresh produce to pharmaceuticals and textiles between the United
States and El Salvador, Guatemala, Honduras and Nicaragua.
Like its sister ships, the vessel is
powered by lower emission liquefied natural gas reinforcing Crowley’s strategy
for cleaner, more efficient shipping operations both at sea and in port, as
well.
Claudia Kattan Jordon, Vice President –
Crowley Logistics for Central America, Panama and Mexico commented that with
its capacity for both dry and refrigerated goods, Torogoz enables faster,
higher capability service with reliability unmatched in the trade.
The vessel joins its sister ships,
Tiscapa, Quetzal and Copan. All four Avance Class ships are named in tribute to
Central American Heritage, reflecting Crowley’s six decades of shipping and
logistics service in the region.
What’s going on here?
Air Canada, the nation's largest airline, has ceased all operations, grounding
its fleet of roughly 700 daily flights after 10,000 flight attendants walked
off the job this past Saturday. The strike, led by the Canadian Union of Public
Employees (CUPE), has descended into a tense standoff.
Despite the Canadian government
intervening and the Canada Industrial Relations Board (CIRB) declaring the
strike illegal and ordering employees back to work, the union has refused to
comply, calling the order an unconstitutional violation of workers' rights.
This defiance has stranded hundreds of thousands of passengers and halted
significant air cargo flows during the peak summer season.
Conclusion
The grounding of Air Canada creates a massive capacity crunch for both
passenger and cargo movements across North America and on key international
routes. While negotiations with a mediator reportedly resumed last night, the
situation remains extremely volatile with the union leadership openly willing
to risk fines and jail time.
For logistics professionals, this means
immediate and severe disruptions. Shippers must urgently find alternative
carriers, but should expect significantly higher rates and limited availability
as the market scrambles to absorb the displaced volume. The ripple effects will
be felt across the supply chain until a resolution is found and the airline can
slowly bring its network back online.
CMA
CGM replaces Air Lease as A350F launch customer
Airbus A350F. Copyright: Airbus S.A.S 2021 - computer rendering by FIXION - MMS - 2021.CMA CGM has become the launch customer for Airbus’ A350 freighter following Air Lease’s decision to cancel its order for seven of the new generation aircraft.
French shipping giant CMA
CGM referenced its order for eight A350Fs, for use by its freighter
airline subsidiary CMA CGM Air Cargo, in a LinkedIn post last week.
Speaking about the credentials of the
freighter, the company stated: "CMA CGM AIR CARGO will be its launch
operator."
CMA CGM became the second company to
sign up for the A350F when it signed a memorandum of understanding (MoU)
covering the purchase of four A350Fs in November 2021. It then firmed up the order the following month.
Then, in April last year, following the
breakdown of its partnership with Air France KLM, CMA CGM Air Cargo announced
that the order had been increased to eight units.
US lessor Air Lease placed an order for seven A350Fs in November 2021,
making it the launch customer for Airbus' freighter programme. However, last
month all seven were removed from the Airbus backlog.
This month, Air Lease referred
to uncertainty in the cargo markets and delays to the
A350F programme as it confirmed the cancellation of its orders.
The Air France KLM Group has also this month firmed up its
plans to reduce the number of A350Fs it has on order by trimming one of the
model from subsidiary Martinair’s backlog.
Martinair and Air France had each
initially ordered four of the aircraft, but in March, the group said that it planned to reduce its orderbook for
A350Fs from eight to six.
Air France will also reduce its order to
three of the model. At the time, the Franco-Dutch airline group said that
the decision to slim down its order had been made in light of production
delays and following a fleet portfolio assessment.
In February, Airbus announced it
would push back the entry-into-service date of its A350 freighter to
the second half of 2027, from its earlier expectation of 2026.
It remains to be seen whether any further revisions or cancellations to orders will be made, however, Airbus has been steadily announcing production milestones, most recently completing the manufacturing of the first horizontal stabiliser (HTP) for the A350F at its plants in Spain.
Airbus A350F. Copyright: Airbus S.A.S
2021 - computer rendering by FIXION - MMS - 2021.
DHL
Express renews with Cargojet until 2033
DHL Express has renewed its partnership with Cargojet for freighter operations covering Canada and Latin America until 2033.
Under the agreement, Cargojet will offer air transportation services, including ACMI, CMI, charter, and aircraft dry lease services to DHL. The partnership is with DHL Network Operations USA and will run until 31 March 2033. There are two consecutive renewal options, each for an additional two-year term, potentially extending the agreement until March 2037.
As part of the deal, DHL will reduce its
right to potentially acquire a 9.5% stake in Cargojet down to a 6.6%
share.
Cargojet currently utilises a fleet of
Boeing 767 and Boeing 757 freighters to service DHL’s global requirements.
"Under this expanded strategic
partnership, DHL will maintain a minimum monthly block hours guarantee and
provide Cargojet with a preferred opportunity to fly additional routes as it
rearranges or adds additional capacity globally,” the partners said in a press
release.
The two companies have worked together
since 2005.
Cargojet executive chairman Ajay
Virmani said: "Securing the confidence of DHL Group underscores the
strength of Cargojet’s value proposition as a long-term strategic partner.
"This deepened alliance is a
testament to our team’s relentless commitment to delivering industry-leading
on-time performance and operational flexibility.”
Travis Cobb, executive vice president
global operations and aviation, DHL Express, added: “Cargojet is an
important strategic partner and delivers high quality, capacity, and
flexibility to DHL Express, operating key routes for us into Canada, Mexico,
and Latin America."
The deal is the second major contract
extension announced by Cargojet this year. In early July, the company announced
an extended deal with e-commerce giant Amazon.
Air Bonanza configures IL-76 freighter for airdrops
IL-76TD. Source: Air BonanzaAfrican charter service provider Air
Bonanza Express has configured its IL-76 freighter for airdrop operations
following a surge in demand for the service.
Air Bonanza Express chief executive
Boniface Kimani told Air Cargo News that over the last few
months, the company had experienced an influx of requests for humanitarian
airdrops within South Sudan, as well as other countries in Africa.
"Depending on various factors, we
will be able to airdrop between 25-32 tons of relief cargo per flight and
conduct two flights daily, circumstances permitting," Kimani said.
"Besides the flight crew, we have
put together an expert team in airdrops to ensure efficiency and safety."
The company was involved in a similar
programme last year for an international humanitarian organisation.
"We worked very closely with the
client from the inception, planning, coordination and implementation
stage," said Kimani. "Air drops are complex and require a great deal
of planning and accuracy to achieve both safety in the air and on the ground
and as well as meeting the customers’ expectations."
He added that the company has been
growing in recent years through its work with governments, humanitarian
organisations and freight forwarders.
In June, the company shifted the base of its IL-76 freighter aircraft to cater for
demand out of Chad and the Ivory Coast.
The aircraft has previously been based in
Ghana, where it was catering for demand from the United Nations for its
peace-keeping operation in Mali, and Kenya and South Sudan.
As well as the IL-76 aircraft, Air
Bonanza Express also offers capacity on a Mi-26T heavy transport helicopter.
The Russian-built helicopter is the
largest serial production in the world. The Mi-26T cargo variant offers a large
payload capacity of around 20 tons and rear loading doors.
It has also been in negotiations over
possibly leasing a Boeing 767-300 freighter.
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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