JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News Letter for Saturday September 27, 2025
Today’s Exchange Rates
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CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PRE.CLS |
DAY's LOW-HIGH |
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88.71 |
0.029999 |
0.033828 |
88.69 |
88.68 |
88.6675- 88.7375 |
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1.1692 |
0.0026 |
0.222866 |
1.1666 |
1.1666 |
1.1658- 1.1705 |
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118.4534 |
0.808899 |
0.678252 |
118.4239 |
119.2623 |
118.3701- 118.6092 |
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103.594 |
0.5504 |
0.528497 |
103.5561 |
104.1444 |
103.4968- 103.655 |
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149.533 |
0.266998 |
0.178236 |
149.80 |
149.80 |
149.468- 149.956 |
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1.34 |
0.0055 |
0.412145 |
1.3345 |
1.3345 |
1.333- 1.3406 |
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98.378 |
0.175003 |
0.177573 |
98.499 |
98.553 |
98.308- 98.53 |
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0.5922 |
0.0036 |
0.60423 |
0.5919 |
0.5958 |
0.5918- 0.5928 |
/// Sea Cargo News ///
India to develop new major port at Bahuda, Odisha with Rs 215 billion
investment
In a significant development for India’s maritime infrastructure, Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Ltd, and the Odisha government have come together to jointly develop a new major port at Bahuda in Odisha’s Ganjam district.
The project, with an estimated investment
of Rs 215 billion, will mark the addition of the 14th major port under the
ownership of the Union government.
The proposed Bahuda port is designed to
handle dry bulk ships ranging from 40,000 to 150,000 deadweight tonnes and
container vessels with capacities of up to 6,000 TEUs, enhancing the region’s
shipping capabilities.
This initiative follows a comprehensive
Pre-Techno Economic Feasibility Study conducted by the Odisha government, which
emphasized the port’s strategic role in boosting regional trade and driving
port-led industrialization.
The new Bahuda port is poised to further
strengthen India’s maritime capabilities and economic prospects, reinforcing
the country’s position as a key player in regional and global trade.
U.S. revokes Chabahar sanctions waiver, jeopardizing India's strategic investment in Iran
In a significant escalation of its
"maximum pressure" campaign against Iran, the Trump administration
has announced the revocation of a key sanctions waiver that allowed India to
operate the strategic Chabahar Port in southeastern Iran.
The waiver, initially granted in 2018 under the Iran Freedom and Counter-Proliferation Act (IFCA), will be officially terminated on September 29, 2025, according to a statement released by the U.S. Department of State.
The move directly impacts India’s long-term involvement in the port, where it signed a 10-year agreement in 2024 to operate the Shahid Beheshti terminal through Indian Ports Global Ltd. (IPGL). The agreement marked a major milestone in India's efforts to establish a trade and transit corridor to Afghanistan and Central Asia, bypassing Pakistan.
German
ports implements digital release procedure plan
Beginning October 01, 2025, the digital release procedure for container imports will commence operations on the German ports IT platform under the designation Secure Release Order.
The first phase begins October 01 with
carriers, who will be able to release their containers PIN-free in Hamburg,
Bremerhaven and Wilhelm- shaven Ports IT Platform.
The second phase, running through
November 02, focuses on targeted onboarding of freight forwarders, importers
and carriers.
The third phase will begin November 03
with mandatory complete SRO process implementation for all importers, starting
with two terminals (one in Hamburg and one in Bremerhaven or wilhemshaven).
Beginning November 17, the SRO will be
progressively implemented at all remaining terminals. The goal is enabling
smooth and successive market launch for all involved parties.
There should be no disadvantages
regardless of size, role or digitalization degree. The gradual introduction
provides everyone opportunities to familiarize themselves with the new release
process and digital pickup authorization while effectively implementing
necessary processes.
Ocean Network Express (ONE) has achieved
a new milestone with its 24,000 TEU class mega vessel One Innovation, which
successfully loaded 22,233 TEU, the highest ever recorded on a single
containership.
The record setting vessel departed from
Singapore fully loaded and is now sailing on the FE4 route, bound for
Felixstowe.
ONE Innovation’s achievement highlights
the growing importance of ultra large container vessels in global trade. By
maximizing loading capacity, shipping lines can move more cargo per sailing,
improving efficiency and reducing overall emission per container moved.
This milestone also underscores ONE’s
commitment to optimizing fleet utilization and delivering cost effective and
sustainable solutions for shippers worldwide.
Sea
Intelligence : Are shipping lines
removing Chinese vessels?
In issue 732, Sea-Intelligence Sunday
Spotlight, analyses vessel deployment data on the Transpacific and
Transatlantic trades, to see if shipping lines are reducing their use of
Chinese built vessels, ahead of new US Trade Representative fees set to take
effect on October 14, 2025.
The new regulations mean that Chinese
built vessels calling US ports will have to pay a fee. An exception is made for
voyages shorter than 2,000 nautical miles and vessels smaller than 4000
TEU.
Additionally, COSCO and OOCL, being
Chinese carriers, will have to pay a fee, regardless of where their vessels are
built. Their analysis shows that a shift is beginning to materialize on
Transpacific, but no such effect is yet seen on the Transatlantic.
To measure any potential changes, they
tracked the vessels to its shipyard of origin. They calculated the share of
Chinese Built vessels over a 3 week rolling average to reduce volatility, so
they can identify any underlying trends as they approach the implementation
date for the new fees.
On the Trans-Pacific, there are early signs of a reduction in the deployment of Chinese built vessels. As shown in Figure 1, for the Asia North America West Coast trade, the share of Chinese built vessels has trended downwards from a level of 25-30% in the first half of 2025 to a range of 20-25% in recent weeks. A similar, though less pronounced, trend is visible on the Asia-North America East Coast trade.
In contrast, on the Trans-Atlantic trade,
there does not yet seem to be any such development. The data for liner
services, from both North Europe and the Mediterranean to North America, does
not currently support the notion that a widespread removal of Chinese Built
vessels is underway on the Trans-Atlantic.
While individual vessel redeployments are
occurring, they have not yet reached a level that creates a material
statistical impact on this trade lane.
AD
Ports Group contracts two container vessels
AD Ports Group announced awarding a contract to Baku Shipyard in Azerbaijan for constructing two 780 TEU container vessels designated for trade routes across the Caspian Sea.
The contract was executed with the public legal entity Azerbaijan Transport and Communication Holding, representing Baku Shipyard.
These shallow draft vessels, specifically
engineered for Caspian Sea operations, will serve a crucial role in enhancing
maritime connectivity, increasing trade volumes and strengthening the trans
Caspian logistics corridor.
The new builds have been designed to
address growing regional containerized cargo capacity demand and ensure more
efficient, reliable and sustainable transport solutions.
Captain Mohamed Juma Al Shamisi, MD and
Group CEO, AD Ports Group, stated that this initiative algins with the vision
and directives of the leadership in the UAE, and reinforces AD Ports Group’s
commitment to supporting growing Caspian region trade requirements.
The vessels, anticipated for delivery in
Q4 2027, will be deployed on strategic routes to optimize connectivity between
key Caspian Sea trading hubs.
The UAE represents one of Azerbaijan’s
largest foreign investors, with total direct investments exceeding US$ 1
billion, reflecting the economic relationship strength between both nations and
these investments impact on supporting Azerbaijan’s economic growth.
Azerbaijan also serves as a strategic
trade and investment partner for the UAE, attributed to its strategic Caucasus
location at the crossroads of Eastern and Western Asia trade, a region of
increasing economic significance.
Carriers expand containership orders
Several new entrants are joining the
containership sector. Anhul Zhongxin Funeng Shipping of China ordered four
3,000 TEU ships from Dayang Offshore Equipment for delivery in 2027-28.
Fujian Lida Group and Hong Kong’s
Quantong Group signed with Kouan Shipbuilding for two 3,300 TEU vessels.
Notably, Kouan has been largely inactive, with its last order in 2023 for two
2,700 TEU ships.
The wave of new orders highlights growing
investment in larger, environmentally capable vessels and reflects both
established carriers and new players preparing for the next phase of global
shipping growth.
MITSUI
E&S, PACECO to supply two portainers
to Long Beach
MITSUI E&S and its U.S. subsidiary, PACECO Corp., have
received an order from Total Terminals International (TTI) for two new MITSUI
PACECO Portainer ship to shore gantry cranes for the Port of Long Beach, California.
The cranes will feature a 230 Foot
outreach, capable of handling the world’s largest 24,000 TEU Container ships
across 25 containers wide. They will be among the largest STS cranes delivered
to the Port of Long Beach and neighbouring Port of Los Angeles.
This is TTI’s first order for Portainer
cranes, though MITSUI E&S and PACECO have supplied 24 Transtainer rubber
tired gantry cranes to the terminal over the past two decades.
The companies said the order reflects
their role as trusted partners to the U. S. ports, supporting supply chain
resilience, aligning with national security priorities, and delivering high
quality, environmentally friendly crane solutions.
Freighter fleet constraints could
impact air cargo’s ability to grow
Atlas Air executive warns that supply-side constraints from minimal freighter additions and ageing aircraft retirements may limit industry growth capacity
Martin
Drew Atlas Air speaking at Caspian Air Cargo SummitThe slow
addition of new freighter aircraft to the market and the need to retire older
models could hit air cargo’s ability to grow in the coming years. Speaking at
the Caspian Air Cargo Summit, Martin Drew, chief strategy and transformation
officer of Atlas Air Worldwide, highlighted expectations of ongoing demand
growth in the coming years despite the current geopolitical challenges.
He said
that air cargo and supply chains in general can now quickly adapt to unexpected
events.
Drew said
that e-commerce players like Temu and Shein had altered their strategies to
counteract the US ending the de minimis exemption, which had allowed e-commerce
packages to enter the country duty free and with minimal customs scrutiny.
He added
that Shein had adapted to the new customs requirements and was also targeting
an older demographic in the US to open up new demand streams. Temu, meanwhile,
was targeting new markets.
Wider
supply chains were also changing in light of the raft of tariffs announced by
the US, with production moving to Southeast Asia, while China was focusing on
markets such as Europe, Mexico and South America, he said.
Overall,
Drew said that demand was projected to grow by around 4% per year between now
and 2030 as a base case, fuelled by e-commerce demand growth of around 10% per
year, followed by international express at 3% per year and general cargo at
2.7%.
However,
the air cargo market faces a challenge on the supply side.
Drew
highlighted that the global widebody freighter fleet is projected to grow at
less than 1% per year up to 2030.
He pointed
to figures showing that 43 widebody freighters are due to be added this year,
36 in 2026, 35 in 2028, 34 in 2029 and 36 in 2030.
However,
many of these additions will be counteracted by freighter retirements. Drew
said that there are around 130 widebody freighter aircraft due to leave the
market by 2030, led by ageing MD-11Fs.
In total,
the number of widebody freighters is only expected to increase from 655
aircraft at the end of this year to 685 aircraft by the end of 2030, in
percentage terms, a 4.4% increase over the coming five years.
Meanwhile,
he said aircraft production continued to face supply chain challenges – the
current backlog of 17,000 aircraft is a record – and new freighter models were
taking their time to enter the market.
While IAI
recently received approval for its Boeing 777 conversion programme, feedstock
could prove hard to acquire due to the model’s ongoing popularity in the
passenger market.
And on the
bellyhold front, aircraft such as the A321X are being utilised on sectors of up
to eight hours. While this model offers efficient passenger operations, it has
limited cargo capacity.
“All this
compounds an already tight supply environment,” said Drew. “Limited newbuilds,
constrained conversion slots and the retirement of aircraft continue to widen
that gap between supply and demand.”
He added:
“The supply side could become a constraining factor in terms of growth for the
industry because we continue to see this imbalance in terms of supply versus
demand.”
FedEx reduces transpacific capacity as
tariffs hit demand
FedEx has reduced transpacific freighter capacity by 25% compared with last year as US tariffs on e-commerce shipments from China impact demand levels.
FedEx
Boeing 777FFedEx has
shifted freighter capacity away from the transpacific trade lane in favour of
Asia-Europe as tariffs on e-commerce shipments have taken their toll on demand
levels to the US. Speaking following the announce- ment of the express giant’s
fiscal first-quarter results, president and chief executive Raj
Subramaniam said the express firm had reduced its own-controlled transpacific
capacity by 25% compared with last year and by 10% compared with the previous quarter.
The
company had reduced third-party capacity provision by similar percentages, he
said. In May, the US began charging duties for the import of low-value
e-commerce goods from China, which had previously been tariff-free under the de
minimis exemption. Shipments from China are also facing a
30% tariff. In August, the White
House removed the exemption on a global basis.
“We
shifted capacity to capture profitable revenue in the Asia-to-Europe
lane,” Subramaniam explained. ”With the full removal of the de minimis
exemption in the US late last month, we have been working closely with our
customers, helping them maintain effective and efficient access to the US
market.”
Chief
customer officer Brie Carere added: ”International export volumes
declined, particularly on the China to US lane. “Knowing our strongest
international lane would be under pressure. We pivoted the commercial team, and
they have done a tremendous job capturing demand out of Southeast Asia and
Europe.”
This
provided a partial offset against the headwinds to demand on the China-to-US
export lane.
She added
that the company is optimistic about the peak season with a mid to high
year-on-year percentage improvement in total volumes expected.
This comes
despite some suggesting that strong demand levels earlier in the year were due
to companies shipping peak volumes early.
“We saw
strong volumes in July, but I don’t necessarily see that as a pull forward,”
Carere said.
Despite
the challenges facing FedEx on the transpacific trade lane and the expiration
of its contract with the US Postal Service, the company’s first-quarter results
were seen positively by markets as shares rose following the announcement.
The
company saw revenues rise by 3% to $22.2bn, operating income was up 10% to
$1.2bn and net income improved by 4% to $824m.
Revenue
improvements were driven by US domestic package performance. The improved
profit performance came on the back of the company’s various cost-cutting
schemes, which it reckoned saved around $200m during the period, and
increased network flexibility.
DHL resumes Germany-US parcel shipping
From 25 September, companies will have the option to use DHL Parcel International for shipping to the US, in addition to DHL Express.
dhl-deutsch-post-paketeDHL Post
& Parcel Germany has resumed shipping from Germany to the US and Puerto
Rico for business customers following a four-week suspension due to new US
customs regulations.
More than
30 international postal agencies paused or limited shipments to the US ahead of
the de minimis exemption ending 29 August to await new regulatory guidance and
and prepare for new processes.
From 25
September, companies will have the option to use DHL Parcel International for
shipping to the US, in addition to DHL Express.
Business
customers must book the 'Postal Delivered Duty Paid' (PDDP) service for
shipments valued up to $800, cover all import duties for their recipient
customers in advance, and provide complete and accurate customs data.
DHL said
the DHL Parcel International shipping option "is made possible by the
'Postal Delivered Duty Paid' (PDDP) service, which DHL previously offered only
for goods shipping to Norway, the UK, and Switzerland, and will now be extended
to the USA".
DHL said
it has overhauled the process of data collection, customs reporting, and
payment of applicable customs fees to comply with the new customs regulations
imposed by the US govenment following the end of them de minimis exemption.
DHL noted
that while additional costs for customs clearance and duties now apply to
all shipments, except private gifts valued under $100, prices for
business customer packages from Germany to the US remain stable.
Mexico’s mas leases two A330-300P2Fs
from Titan
The
converted passenger aircraft, offering up to 61 tonnes payload capacity and
3,650 nautical mile range, will support mas' expanding network.
mas
airlines A330 freighterMexican cargo airline mas has added two Airbus A330-300 Passenger-to-Freighter (P2F) aircraft to its fleet that have been leased from Titan Aviation Leasing.
The
leasing firm, which is the joint venture between Titan Aviation Holdings, Inc.,
a subsidiary of Atlas Air Worldwide, and Bain Capital, acquired the aircraft
from Airbus Financial Services.
“We have
been working closely with Airbus Financial Services, Rolls Royce and Titan to
make this arrangement a reality and we look forward to working together with
the Titan team for many years to come,” said Robert van de Weg, chief executive
of mas.
“We have a
strong belief that the A330-300P2F will continue to create value for our
customers and that they will be an essential part of our fleet going forward.”
The
A330-300P2Fs, MSN 1789 and 1712, were converted by Elbe
Flugzeugwerke (EFW) and each offer up to 61 tonnes of payload capacity and a
range of up to 3,650 nautical miles.
They will
be used to support mas’ expanding regional and international freight
operations, particularly as global e-commerce continues to grow.
According
to Planespotters, mas currently has two A330-200P2Fs in its fleet and two
Airbus A330-300P2Fs, although one of these is operated by Galistair Malta.
“This
transaction highlights Titan’s ability to deliver innovative and flexible fleet
solutions that support the growth of our customers,” said Michael Steen, chief
executive, Atlas Air Worldwide.
“These
aircraft will play an important role in meeting rising global air cargo demand
and further demonstrate the scale and capabilities of our TAI 2 platform.”
Eamonn
Forbes, chief commercial officer, Titan Aviation Leasing, added: “The
addition of the A330-300P2F represents an exciting milestone for Titan as we
diversify our portfolio with versatile solutions tailored to customer growth.
“We are
delighted to partner with mas as they scale their widebody cargo operations,
and we greatly appreciate the Airbus team’s professionalism and collaboration
throughout this transaction.”
According
to mas' website, the airline operates scheduled flights from Guadalajara
International in Mexico (GDL) to Felipe Ángeles International (NLU) in
Mexico; NLU to El Dorado International (BOG) in Columbia; BOG-NLU; BOG to
Los Angeles International (LAX); NLU to Viracopos International (VCP) in
Brazil; and VCP-NLU.
In June,
mas revealed plans to operate weekly flights from Mexico City (NLU) to San José
in Costa Rica (SJO).
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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