JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News Letter for Tuesday September 02, 2025
Today’s
Exchange Rates
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PRICE |
CHANGE |
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OPEN |
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88.2 |
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1.171 |
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0.111138 |
1.1695 |
1.1697 |
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119.3357 |
0.600204 |
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119.306 |
118.7355 |
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103.3631 |
0.398399 |
0.386928 |
103.2939 |
102.9647 |
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147.216 |
0.115997 |
0.078856 |
147.09 |
147.10 |
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1.3537 |
0.004 |
0.296367 |
1.3503 |
1.3497 |
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97.642 |
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/// Sea Cargo News ///
CMA
CGM sources containers from Vietnam for the first time, marking shift in global
supply dynamics
CMA CGM has taken delivery of 1,000
containers manufactured in Vietnam, marking the first time the French shipping
giant has sourced boxes from the Southeast Asian nation.
Though modest in scale, the move carries significant symbolic weight as it underscores the diversification of container supply beyond China, which currently accounts for 85–95% of global container production.
The market has long been dominated by
Chinese manufacturers such as CIMC and DFIC, raising concerns over supply chain
vulnerability due to heavy reliance on a single country.
The new containers, produced by Hoa Phat
Group, are expected to boost CMA CGM’s equipment availability and improve
turnaround times. More importantly, it highlights Vietnam’s rising ambitions in
shipbuilding, container manufacturing, and port infrastructure, positioning the
country as an emerging hub for regional and international trade.
While this initial delivery is small,
industry experts see it as a noteworthy sign of shifting dynamics in global
shipping and a step towards diversifying critical components of international
logistics.
ZIM reroutes vessels after Turkish ban
ZIM Integrated Shipping Services Ltd. reported that on August 22, 2025 it received a notice from Turkish port authorities, through its local agent in Turkey, that as a result of a new regulation adopted in Turkey, vessels owned, managed or operated by an entity related to Israel will not be permitted to berth in Turkish ports.
The
regulation was adopted with immediate effect. According to the company,
the regulation also applies to vessels carrying military cargo destined to
Israel, which will not be permitted to berth in Turkish ports, while
Turkish-flagged vessels are prohibited from berthing in Israeli ports.
As a
result, ZIM rerouted certain company-operated vessels that had been scheduled
to call Turkish ports. The company stated that if the regulation remains
unchanged, it is expected to negatively impact financial and operational
results. ZIM is currently developing a mitigation plan to reduce the potential
adverse effects of this regulation.
Shipping lines divert fleets to avoid US tariff
Global shipping is realigning fleets in
anticipation of October’s extra port fees to be levied by the US on
China-linked tonnage. This is already being reflected in chartering
decisions for transatlantic tanker and dry bulk fixtures with Chinese-built
tonnage shifting to other parts of the globe.
In the container sector, global liners
are moving their vessels around in order not to be stung come this autumn’s new
American penalties. Asian container consultants Linerlytica are reporting
the Premier Alliance – made up of HMM, ONE and Yang Ming -will split its
current Mediterranean Pacific South 2 (MS2) into two separate services covering
the Asia-Med Mediterranean 2 (MD2) service and the Middle East Gulf-US Gulf
Pacific South 2 (GS2) service. The move will allow ONE to remove 10 China-built
ships currently deployed on the MS2 service from the US.
South Africa imposes stricter rules on offshore ship-to-ship transfers
South Africa has introduced a new
regulatory framework for offshore ship-to-ship (STS) transfers, sharply
increasing penalties and setting strict environmental conditions in a bid to
protect coastal ecosystems and the endangered African penguin.
Under regulations signed by minister of
forestry, fisheries and the environment, Dr Dion George, transgressors face
fines of up to R2m ($110,000), imprisonment for as long as five years, or
both.
The new rules, published under the
National Environmental Management: Integrated Coastal Management Act, ban STS
transfers in marine protected areas, aquaculture zones, and within three
nautical miles of the high-water mark.
In Algoa Bay, one of the world’s busiest
offshore bunkering hotspots, transfers will be restricted to designated
anchorages and subject to seasonal limits.
South Africa’s clampdown adds to a
growing list of jurisdictions seeking to rein in STS activity over the past 18
months. Greece has tightened enforcement around the shadow fleet in the Aegean,
Spain has increased
surveillance of transfers off Ceuta and
Denmark has stepped up monitoring in the Baltic. Meanwhile, Malaysia and
Indonesia have also rolled out new restrictions in the Malacca Strait, a global
oil transit chokepoint, as governments grow more concerned about safety and
environmental risks tied to the shadow fleet and unregulated ship-to-ship
operations.
Turkey restricts port entry for ships linked to Israel
Turkish port authorities are unofficially
requiring shipping agents to provide documentation confirming that vessels are
not linked to Israel and are not transporting military or hazardous cargo bound
for the country.
The step marks a further measure
by Turkey against Israel, following its decision last year to
halt $7 billion in annual trade with the country. According to
Reuters, the Harbour Master’s office verbally instructed port agents to
submit written assurances, while clarifying that no official circular had been
issued.
The directive is reportedly applicable
across all Turkish ports. Vessels arriving directly from Israel,
or departing for Israeli ports, would no longer be allowed to dock
in Turkey, according to information provided by the port authority of
the northwestern province of Kocaeli.
The measure could add further strain
to shipments bound for Israel in the Eastern Mediterranean.
Since 2023, Yemen’s Iran-aligned Houthis
have attacked vessels in the Red Sea,
describing their actions as solidarity with the Palestinians. Earlier this
summer, it was reported that the Iran-Israel conflict triggered a sharp rise in
shipping insurance costs for vessels navigating the Red Sea and Persian Gulf.
Massive blaze erupts at warehouse in Hamburg port
Firefighters are battling a major blaze
at a warehouse complex in the port of Hamburg this morning, sending thick
plumes of smoke across Germany’s largest seaport.
The Hamburg fire brigade said the alarm
was raised late Monday afternoon, with more than 100 personnel and multiple
fire engines deployed to contain the flames. The warehouse, located in the
Waltershof district near the container terminals, has largely been
destroyed.
Local authorities have warned residents
in surrounding neighbourhoods to keep windows closed as a precaution, while
shipping operations in adjacent berths have been partially restricted due to
smoke and emergency access. Firefighting operations will continue until
midday, a fire department spokesperson said this morning.
Five people have been injured so far as a
result of the fire in the warehouse, in which several compressed gas cylinders
continued to explode into the night, also setting fire to nearby areas.
One of them is reportedly in critical
condition and a second is seriously injured. 25 people were evacuated from the
danger zone. The fire was caused by a
fire in a vehicle parked in the warehouse. The flames then spread to the hall,
where several pressurised gas cylinders, presumably filled with nitrous oxide,
exploded.
Burning debris also set neighbouring
buildings and open spaces ablaze. Due to the explosions and flying debris, the
fire could not be extinguished for a long time. Emergency personnel were forced
to retreat several hundred meters. The police sent armoured water cannons to
the scene for support. High performance special vehicles from the airport fire
department were also deployed.
Korean Air inks $50 bn agreement with Boeing, GE Aerospace for aircraft and engines
Korean Air
said on Tuesday it has signed a US$50 billion agreement to purchase over 100
new planes and aircraft spare engines from Boeing and GE Aerospace during
President Lee Jae Myung's visit to Washington. The deal, the largest in
the airline's history, builds on Korean Air's previous order placed in March
for 50 Boeing jets and GE engines, reports local media.
Korean Air
Chief Executive Officer (CEO) Cho Won-tae attended the signing ceremonies in
Washington on Monday (U.S. time) with Boeing Commercial Airplanes CEO Stephanie
Pope and GE Aerospace Commercial Engines & Services CEO Russell
Stokes.
The
airline said in a regulatory filing that it will buy 103 aircraft -- 20 Boeing
777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s and eight 777-8 freighters --
worth $36.2 billion. Deliveries are scheduled to be completed by 2030.
In a
separate $13.7 billion deal with GE Aerospace, the airline will purchase 19
spare engines and secure long-term maintenance services for 28 engines over the
next two decades.
Korean Air
said the investment is a preemptive move to fuel growth ahead of its planned
merger with Asiana Airlines Inc. and to bolster Korea-U.S. cooperation in the
aerospace sector.
“As a
national flag carrier, we closely connect South Korea and the United States
through passenger and cargo services,” a Korean Air official said. “We will
contribute to strengthening bilateral relations through continued U.S.
investment.”
Founded in
1969, Korean Air launched its first regular cargo route to Los Angeles via
Tokyo in 1971 and opened a passenger route from Seoul to Los Angeles via Tokyo
and Honolulu in 1972.
In March,
Korean Air Lines said it would acquire some 20 aircraft from US Boeing and
procure spare engines from GE Aerospace, in a combined deal worth $32.7
billion.
A
pre-signing ceremony took place at the Department of Commerce in Washington,
attended by Cho Won-tae, chairman of Hanjin Group, Korean Air’s parent firm;
Kelly Ortberg, Boeing’s president and CEO; and Russell Stokes, president and
CEO of GE Aerospace Commercial Engines and Services.
Asiana selects ECS for bellyhold GSSA
services
Korea-based Asiana Airlines has selected the ECS Group to provide GSSA services covering nine countries. The deal will see ECS provide Asiana with services including sales, reservations, customer service, and ground handling coordination in 33 locations across eight countries in Europe, the Americas, China, Japan and Southeast Asia.
The places
where ECS will represent Asiana are China, Hong Kong, Singapore, Thailand, US,
UK, Italy, Germany and Japan.
The
airline recently moved to full belly cargo operations after selling its freighter operations as part of regulatory requirements following its takeover
by Korean Air. In 2024, Asiana Airlines carried approximately 158,000 tons
of belly cargo on international passenger flights.
Jean
Ceccaldi, chief executive of ECS Group, said: "We are honoured to partner
with Asiana Airlines and proud of the expertise our teams bring to this
collaboration. Leveraging ECS Group’s global network, we are committed to
supporting Asiana Airlines with reliable, efficient, and tailored cargo
solutions worldwide.”
According
to fleet tracking website, Plane Spotters, the airline's fleet runs to 66
aircraft, including Airbus A321s, A330s, A350s, A380s and Boeing 777s. Asiana's
A350 aircraft offer a cargo capacity of up to 18 tons, ECS said in a press
release.
An Asiana
Airlines official said: “By combining ECS Group’s global network with Asiana’s
expertise, we will respond proactively to the global air cargo market. We will
continue to provide systematic and specialised services going forward.”
The
airline's freighter operations were taken over by Air Incheon earlier this year
and have since been re-branded to
AirZeta.
BIFA welcomes UK government pause on additional EU and EFTA import controls
The
British International Freight Association (BIFA) has welcomed the UK
Government’s decision to pause the implementation of additional import controls
on EU and EFTA goods, announced in the wake of the UK-EU Summit held in May.
This move
— part of ongoing negotiations towards a Sanitary and Phytosanitary (SPS)
Agreement with the EU — signals a much-needed, pragmatic response to industry
concerns, said BIFA.
By
postponing further checks on imports such as live animals and non-qualifying
Northern Ireland goods, the government has demonstrated an understanding of the
operational and economic challenges facing British freight forwarders,
producers, and retailers, stressed the Association.
BIFA
director general Steve Parker commented: "We welcome the government’s
decision to delay further Border Target Operating Model (BTOM) implementation
and take a reasoned, phased approach while SPS Agreement details are finalised.
"This
provides vital breathing space for our members and the wider supply chain,
while reducing the risk of disruption and unnecessary costs. The freight and
logistics sector has long called for clarity and stability — and this
announcement reflects meaningful progress in that direction."
Under the
updated plans, existing checks on Rest of World imports via Border Control
Posts (BCPs) will remain in place, and remote documentary and destination
checks on EU and EFTA goods will continue. Current easements on certain
medium-risk goods, including fruits and vegetables, will also be temporarily
extended.
BIFA said
it approves of the government’s commitment to protecting the UK’s biosecurity
and public health while also engaging with stakeholders to ensure any future
changes are clearly communicated.
Parker
added: "It is encouraging to see recognition of the importance of
maintaining open trade flows with our largest market. As freight forwarders
continue to navigate a complex global environment, we urge the government to
keep working closely with industry, and to ensure that the eventual
implementation of new controls — when necessary — is managed with transparency,
sufficient notice, and operational support."
In
April, BIFA appointed Pawel Jarza as its new policy and compliance adviser for air following
David Stroud’s retirement from the role.
ATSG delivers second Airbus A330P2F to Türkiye’s ULS
Airlines Cargo
Air
Transport Services Group, a provider of cargo aircraft leasing, air cargo
transportation, and related services, has delivered its second Airbus A330
passenger-to-freighter conversion to Istanbul-based ULS Airlines Cargo. The
aircraft, registered as TC-GOU and bearing MSN 349, is 25.1 years old and was
originally delivered to Denmark’s Premiair. It was acquired by Cargo Aircraft
Management (CAM), a subsidiary of ATSG.
The
aircraft was converted into a freighter in March this year. The aircraft was
ferried on its delivery flight from Istanbul Atatürk Airport (ISL) to Istanbul
Airport (IST) on 11 August, according to data from Planespotters.net. ULS
Airlines Cargo has a fleet of five aircraft, comprising three Airbus
A310-300P2F and two Airbus A330-300P2F, the newest of which was just delivered.
ULS
Airlines Cargo operates a network spanning Europe, the Middle East, and Asia,
specialising in scheduled and charter cargo services. The addition of a second
A330P2F strengthens its capacity to serve high-volume and long-haul markets,
complementing its existing fleet and supporting its strategic growth plans.
“ATSG’s
A330P2F programme continues to deliver modern, fuel-efficient freighter
capacity to meet the growing demands of global air cargo,” says Todd France,
Chief Commercial Officer of ATSG. “The delivery of this second aircraft to ULS
reflects our shared commitment to fleet modernisation, operational reliability,
and long-term partnership.”
The
A330-300P2F is a versatile widebody freighter with a gross payload capacity of
about 62 tonnes and a cargo volume exceeding 526 cubic metres. The aircraft
underwent passenger-to-freighter conversion by Turkish Technic in Istanbul, in
partnership with Elbe Flugzeugwerke GmbH (EFW), a joint venture between Airbus
and ST Engineering that holds the Supplemental Type Certificate (STC) for the
A330P2F programme.
“Expanding
our A330P2F fleet enhances our ability to meet customer demand while improving
efficiency and reliability,” says Yasin Ata, Managing Director of ULS Airlines
Cargo. “We value ATSG’s expertise in providing dependable aircraft solutions
and look forward to continuing this partnership as we grow our cargo network.”
Icelandair Cargo enters Turkey with ECS
Group’s Globe Air Cargo
Icelandair Cargo will begin operations in Turkey from September 5, 2025, through a partnership with Globe Air Cargo Turkiye, a subsidiary of ECS Group. The alliance combines Globe Air Cargo Turkiye’s knowledge of the local market with ECS Group’s global network and digital capabilities.
Four
weekly flights between Istanbul and Keflavik will be operated with a Boeing 737
MAX aircraft, creating new air freight opportunities for Turkish exporters and
importers in sectors such as textiles, automotive parts, and machinery.
“This is a
major milestone for us as we expand into the Turkish market for the first time.
The expertise of Globe Air Cargo Turkiye, combined with ECS Group’s digital
resources, ensures our customers will experience world-class service and
efficiency from the very beginning,” said Einar Már Guðmundsson, Managing
Director at Icelandair Cargo.
Jean
Ceccaldi, CEO of ECS Group, said, “This partnership is a perfect expression of
our vision: connecting the global ambitions of our airline partners to strong
local expertise.
The Globe
Air Cargo Turkiye teams have a deep understanding of the Turkish market, and
it’s their daily commitment—combined with the resources and digital innovation
of ECS Group—that will enable Icelandair Cargo to quickly establish itself as a
key player along this new corridor.”
The new
flights will link Turkey to Iceland and expand connections to transatlantic
markets in the US and Europe. The collaboration aims to strengthen cargo flows
between Turkey and global markets by leveraging local expertise and
international reach.
IAI secures FAA STC for Boeing 777-300ER freighter conversion
Israel
Aerospace Industries (IAI), a major company in the field of
passenger-to-freighter (P2F) aircraft conversions, has announced a significant
milestone in aviation.
Following
a year of intensive work, IAI has successfully completed the world’s first
conversion of a Boeing B777-300ER from a passenger aircraft to a freighter,
receiving the industry’s first Supplemental Type Certificate (STC) for this
model from both the U.S. Federal Aviation Administration (FAA) and the Civil
Aviation Authority of Israel (CAAI), according to an official release from IAI.
AerCap is the launch customer of the B777-300ERSF conversion programme, while
Kalitta will serve as the launch operator.
“IAI is a
global leader in passenger-to freighter aircraft conversions, standing at the
forefront of aeronautical technology and building on its extensive capabilities
as Israel's largest aerospace company. The company takes great pride in being
the first in the world to convert a Boeing 777 into a freighter.
Receiving
certification from aviation authorities highlights IAI's technological,
engineering and operational expertise and positions the company as a pioneer in
this field.
This
remarkable capability is the result of the company's professionalism and
determination, paving the way for a broad expansion of our business activities
with leading customers worldwide, and strengthening global e-commerce through
advanced freighter aircraft solutions,” says Boaz Levy, President and CEO of
Israel Aerospace Industries.
IAI told
The STAT Trade Times in late July that it anticipated receiving the STC ‘within
the next several weeks’. To date, the company has secured approximately 60
conversion orders. The company recently approved the 777-300ERSF to transport
the Rolls-Royce Trent 1000 engine.
This marks
a historic achievement, positioning IAI as the first company globally to
convert an aircraft of this scale. As one of the largest cargo aircraft now in
operation, the newly certified B777-300ERSF will significantly enhance global
air freight capacity, speed, and efficiency, ushering in a new era for the
logistics and aviation industries.
The Boeing
777 is set to reshape the future of air freight, offering an impressive payload
capacity of 100 tonnes along with the potential to substantially lower
operating costs. This advancement positions the aircraft as a transformative
addition to the evolving global freighter market.
“After
years of dedicated effort, especially during the past year, we are excited to
receive the STC certificate for the P2F conversion of Boeing 777 aircraft from
both the FAA and CAAI – a breakthrough that reflects our commitment to
innovation, engineering excellence, and global leadership in aircraft
conversions.
This
milestone sets a new standard in air cargo, delivering a unique combination of
high payload capacity, volume, and operational efficiency. The Boeing 777 was
developed to meet the evolving needs of the cargo industry, and we believe it
will become the preferred choice for international operators.
I want to
thank the aviation authorities and our team at IAI for their unwavering
tenacity in bringing this transformative product to market,” says Yaacov
Berkovitz, Executive VP and General Manager of IAI’s Aviation Group.
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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