Jupiter Sea Air

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 October 18, 2025

Today’s Exchange Rates

CURRENCY▲	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE
USD/INR	87.955	0.125	0.14232	87.77	87.83
EUR/USD	1.1702	0.0015	0.128349	1.1687	1.1687
GBP/INR	118.0531	0.057503	0.048733	118.029	117.9956
EUR/INR	102.8894	0.500099	0.488429	102.7738	102.3893
USD/JPY	149.824	0.605988	0.402837	150.43	150.43
GBP/USD	1.3432	0.0002	0.01489	1.3434	1.3434
DXY Index	98.244	0.091995	0.093552	98.255	98.336
JPY/INR	0.5873	0.006	1.032166	0.5839	0.5813

/// Sea Cargo News ///

Maersk announces seasonal blanking on Northern Star Service

Maersk has announced a seasonal blanking on its Northern Star service for the Delos Wave voyages 548S/550N, affecting sailings scheduled for November (ex APA) and December (ex OCE). The adjustment comes in response to Christmas and New Year closures in New Zealand during the scheduled sailing period.

To minimize disruption, bookings will be automatically transferred to the next available sailing. Additionally, Timaru will be induced on December 26, 2025 by the Maersk Willemstadt / Voyage 551N, to ensure service continuity and smooth cargo movement.

Impacted service details :

· Service – Northern Star

· Vessel – Delos Wave

· Voyages – 548S/550N

· Last Port - South Bound : Hong Kong – ETD 28/11/2025.

· Last Port - North Bound : Tauranga – ETD 03/01/2026.

COSCO Ports sees September container growth

CMA CGM becomes first major global carrier to order containerships built in India.

CMA CGM Group has signed a letter of intent with Cochin Shipyard Limited (CSL) to construct 6 x 1,700 TEU LNG Powered containerships, marking the first ever order by a major international shipping line for vessels built in India. All 6 ships will be registered under the Indian flag and built with technical cooperation from HD Hyundai Heavy Industries.

CMA CGM currently employs 17,000 people across India, operates 19 weekly services and maintains strategic stakes in terminals at Nhava Sheva Freeport Terminal and Mundra Port. Its Global Business Services (GBS) Centre in Chennai employs over 9,000 staff, supporting operations in 160 agencies worldwide and managing over 60% of the Group’s key business processes.

Mitsubishi Estate opens logistics facility in Hai Phong.

According to Japan International Freight Forwarder’s Association (JIFFA), Mitsubishi Estate Vietnam has completed a new large logistics facility in Hai Phong, northern Vietnam, making another milestone in its growing Vietnamese warehousing business. The facility follows the completion of Logicross Tai Ninh in the southeast in August.

Logicross Hai Phong consists of two one story buildings with a ceiling height of 10.5 Meters and loading docks aligned with freight truck beds. The facility spans 88,000 sqm on a 151,000 sqm site, with a minimum of 4,400 sqm available for rent.

Mitsubishi Estate, a Tokyo based real estate developer, began developing Logicross Hai Phong and Logicross Nam Thuan (near Ho Chi Minh City) in October 2024. Logicross Nam Thuan, completed on August 20, covers 64,000 sqm on a 115,000 sqm site.

Shipping Lines abandon Transpacific as US-China trade war intensifies

The transpacific shipping route, a vital artery for global trade, is haemorrhaging carriers as the US – China trade war escalates, with new US port fees and plummeting freight rates forcing both niche and major players retreat.

The latest casualty, TS Lines, announced it will exit the Asia – US West Coast service next month, withdrawing its sole vessel from the route. This follows China’s Hede Shipping scaling back its transpacific exposure, with more companies signalling similar moves as economic pressures mount.

Cavatoc Moor Master Systems operational at Iroquois Lock