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


CURRENCY

PRICE

CHANGE

%CHANGE

OPEN

PREV.CLOSE

USD/INR

88.2

0.010002

0.011339

88.23

88.21

EUR/USD

1.171

0.0013

0.111138

1.1695

1.1697

GBP/INR

119.3357

0.600204

0.505497

119.306

118.7355

EUR/INR

103.3631

0.398399

0.386928

103.2939

102.9647

USD/JPY

147.216

0.115997

0.078856

147.09

147.10

GBP/USD

1.3537

0.004

0.296367

1.3503

1.3497

DXY Index

97.642

0.129005

0.131947

97.832

97.771

JPY/INR

0.5997

-0.0007

0.116588

0.60

0.6004

///                   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.

/////       AIR  CARGO   NEWS   /////

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.

Source: ECS Group

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

Photo: Freedomz/ Shutterstock

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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