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 October 21,
2025
Today’s
Exchange Rates
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CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
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87.97 |
0.139999 |
0.159398 |
87.77 |
87.83 |
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1.1651 |
0.0036 |
0.308035 |
1.1687 |
1.1687 |
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118.1804 |
0.184799 |
0.156615 |
118.029 |
117.9956 |
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102.9436 |
0.554306 |
0.541371 |
102.7738 |
102.3893 |
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150.584 |
0.154007 |
0.102378 |
150.43 |
150.43 |
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1.3424 |
0.001 |
0.074441 |
1.3434 |
1.3434 |
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98.261 |
0.074997 |
0.076266 |
98.255 |
98.336 |
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0.5879 |
0.0066 |
1.13538 |
0.5839 |
0.5813 |
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/// Sea Cargo News ///
PIL expands intermodal services in
Indonesia with successful trial from Jakarta to Cikarang dry port
Pacific
International Lines (PIL) has completed its first intermodal shipment from
Jakarta to Cikarang Dry Port (CDP), marking a significant milestone in
enhancing inland logistics connectivity in Indonesia.
The trial shipment, which arrived at Koja Terminal, Jakarta on 3rd October via PIL’s North China Indonesia Service (NCI), comprised 25 containers. These containers were seamlessly transported by rail to CDP, completing the journey in just 6–8 hours and ensuring door-to-door delivery within a single day.
“This
successful intermodal journey demonstrates how PIL’s integrated logistics
solutions can enhance supply chain efficiency for our customers,” said a PIL
spokesperson.
The
intermodal service complements PIL’s two direct services into Jakarta from
China (North/South) and Korea under the NCI and Korea – China - Indonesia (KCI)
services, opening new opportunities for fast, reliable inland delivery via CDP.
With
this expansion, PIL reinforces its commitment to providing efficient, end-to-end
logistics solutions across Indonesia, connecting ports and inland destinations
seamlessly.
ONE strengthens sustainable shipping
collaboration with Nike
Ocean
Network Express (ONE) has extended its strategic partnership with Nike to
further deploy ONE’s sustainable shipping solution, ONE LEAF+.
The
collaboration builds on a longstanding relationship and reflects both
companies’ commitment to decarbonising their supply chains. Gilberto
Santos, Senior Vice President, Global Key Account Sales at ONE, stated: “Our
collaboration with Nike exemplifies how leading companies can work together to
create more environmentally responsible supply chains.
“We
are proud to be able to offer Nike a solution to reduce carbon
emissions from maritime transportation, aligning with their
sustainability objectives and supporting their environmental goals.”
ONE
LEAF+ is a service designed to help customers lower their Scope 3 GHG emissions
through the use of ISCC-certified biofuels.
The solution enables emissions reductions of up to 84% compared to
conventional Very Lowe Sulphur Fuel Oil (VLSFO), supported by independently
verified certificates to track progress against sustainability goals.
Since
2018, ONE has provided key shipping services for Nike. In 2024, the partnership
was expanded to include reduced-emission shipping via biofuels. The initiative
highlights the growing role of sustainable transport solutions in global trade
and reinforces ONE’s commitment to driving emissions reductions across the
maritime industry.
Recently,
ONE announced the launch of its new Pakistan Gulf Service (PGS).
COSCO Shipping expands network with
Fuzhou–Gulf route launch
The vessel ORCHID LEADER, operated by Guangzhou Yuanhai Auto Carrier – a subsidiary of COSCO Shipping Specialised – has docked at the Jiangyin Port area of Fuzhou Port, marking the official launch of the Fuzhou–Persian Gulf direct shipping route.
For
this time’s voyage, ORCHID LEADER carried a total of 1,697
vehicles produced by local Fuzhou enterprises such
as Chery and Jetour.
These
vehicles will sail directly along the 21st Century Maritime Silk
Road to countries along the Belt and Road Initiative, including the
United Arab Emirates, Iraq, and Kuwait, experiencing this new, efficient and
convenient channel for accessing global markets.
China’s new port charges hit a Panamax
boxship with a $1.7 million fee in Shanghai
$1.7m.
That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson
Waikiki are being forced to pay to allow the vessel to dock in
Shanghai, a sizeable sum, and an indication of the chaos, and costs, that are
arising from yesterday’s introduction of hiked port fees by Washington and
Beijing.
The 4,870 teu ship is not especially large with a net tonnage of 30,224, with Beijing charging $56 per net ton for US-linked tonnage calling at Chinese ports in a tit-for-tat move as Washington enacted a $50 fee for Chinese tonnage on the same day. The vessel will shortly head back across the Pacific to Long Beach.
Trading
firms have diverted at least five more crude oil tankers from a major port
in eastern China after the U.S. imposed sanctions on an import
terminal there, according to trading sources and shipping data.
The
U.S. sanctions have disrupted plans for the country’s refiners to unload their
cargoes at the port of Lanshan in the refining hub of Shandong province.
Diverting
the ships may also cause congestion at the alternative ports, particularly at
Zhoushan, located further south off the coast of Zhejiang province, where
several ships have been redirected, multiple traders who participate in the
market said.
The
VLCC is carrying about 2 Million barrels of Congolese Djneo Crude, data from
LSEG and Kpler showed.
Tianjin
is the site of Sinopec’s major subsidiary refinery Tianjin Petrochemical as
well as abase for an oil reserve Sinopec operates. Sinopec Kantons said on
Monday that it expects its business will be impacted by the sanctions.
Port of Los Angeles hits record quarter
despite September dip
The Port of Los Angeles moved 883,053 TEUs in September 2025, down 7.5% year-on-year, but still achieved its strongest quarter on record.
Freighter fleet to expand 2.5% annually
through 2044
Aviation
analytics firm Cirium said the conversion market remains the dominant air cargo
capacity supplier despite post-pandemic activity decline.
Almost 3,300
freighter aircraft will be added to the air cargo market over the next 20
years, according to the 2025-2044 Cirium Fleet Forecast. The freighter
fleet is predicted to grow at
a Compound Annual Growth Rate (CAGR) of 2.5% to some 4,100
by 2044.
Freight
capacity (available tonne kilometres or ATKs) is forecast to grow at 3.5%
annually, slightly reduced from Cirium's 2024 forecast, as
global trade flows are impacted in the short term by new tariff regimes.
Of the
approximately 3,300 freighters, 32% will be newbuild aircraft, led by the
new generation Airbus A350F and the Boeing 777-8F, said the aviation
analytics company.
The
conversion market, which experienced a post-pandemic boom, has seen a
significant drop in activity in the past two years and is returning to the
longer-term trend, noted Cirium.
Aviation
advisory firm IBA said earlier this year that conversion numbers are expected to fall again this year fuelled
by overcapacity in the narrowbody market, feedstock limitations and weaker
demand levels. However, Cirium stressed that the conversion market will,
nonetheless, supply some two-thirds of freighter units over the 20 years.
There is
increasing pressure to transition to more fuel-efficient and
environmentally compliant aircraft, replacing the less-efficient older
generation. However, with freighters having longer useful economic lives, only
around 68% of the current fleet will be retired, said Cirium.
Cirium's
Fleet Forecast for 2023-2042 predicted that the global freighter fleet
would grow by 2.6% annually and 3,590 freighter aircraft
would be supplied over the next 20 years.
Global trade outlook still positive
despite downgrade
The latest DHL Global Connectedness Tracker cuts the annual trade growth forecast, while first-half 2025 volumes showed the strongest growth since 2010
DHL
Express and business university NYU Stern have downgraded their expectations
for global trade volume growth as a result of US tariff policy, but remain
positive about the outlook nonetheless.
The
latest DHL Global Connectedness Tracker predicts that global trade
volumes will increase by 2.5% between 2025 and 2029, which “roughly” matches
the pace of growth over the past decade. However, US tariff policy has resulted
in a downgrade in the annual trade growth forecast from the previous
expectation of annual growth of 3.1%.
North
America experienced the steepest downgrade, with projections falling from 2.7%
in January 2025 to just 1.5% by September. Most other regions experienced
smaller downward revisions.
Forecasts
were upgraded for South & Central America and the Caribbean, as well as the
Middle East & North Africa. Most countries in these regions face relatively
small US tariff increases, and Middle East trade is expected to benefit from
increased oil production and exports.
Overall,
DHL Express and NYU Stern remained positive on the outlook for trade, pointing
out that in the first half of the year, trade volumes grew faster than any
half-year since 2010 (excluding the Covid pandemic rebound).
In the
first six months of the year, trade was boosted by US buyers rushing to import
ahead of tariff increases and China offsetting lower exports to the US with
higher exports to other markets, they explained.
“One
reason why trade can continue growing even as the US raises tariffs is that
only 13% of global goods imports went to the US in 2024 and 9% of exports came
from the US,” the report authors said. "Another is that most
countries have not followed the US in implementing broad tariff
increases."
The
authors said that China fully offset declining exports to the US with increased
shipments to the Association of Southeast Asian Nations region, while also
"substantially growing" its exports to Africa, the EU, and other
markets.
"Even
after the frontloading wave in the US subsided, global trade volumes remained
above prior-year levels," they said. DHL Express chief executive John
Pearson said that the tracker highlighted "the enduring strength of global
trade".
"Trade
barriers do not serve the world's best interests. But we must never
underestimate the creativity of buyers and sellers around the world who want to
do business with each other," Pearson said.
Steven
Altman, director of the DHL Initiative on Globalisation at NYU SternTrade,
said: "Trade and international business investment trends so far in 2025
do not support the view that globalisation has gone into reverse.
"While
it would be a mistake to disregard current policy threats to globalisation,
companies are not generally pulling back from international markets, trade is
crossing the longest average distance on record, and geopolitical conflicts
have reshaped only a small fraction of the world's international activity.
"The
latest data show companies managing the risks and opportunities of a connected
world rather than retreating to within countries or regions."
Menzies aims to reduce truck waiting
with slot booking
Ground
handler targets reduced truck queues and enhanced operational efficiency
through digital slot booking and yard orchestration system.
Menzies
Aviation's third Sydney Airport facilityGround
handler Menzies Aviation is deploying Nallian’s Truck Visit Management (TVM)
solution to improve truck turnaround times.
Menzies
will initially deploy TVM at five cargo stations, Sydney, Melbourne, Auckland,
Prague and San Francisco, before looking to deploy the solution globally.
The five
stations handle more than 500,000 tonnes of cargo annually, the handler said.
It expanded its presence at Sydney last month with the opening of a third facility.
The
solution provides slot booking, digital check-in, yard orchestration and
dock allocation, which Menzies hopes will reduce queues and variability while
“improving predictability for forwarders, trucking companies and drivers”.
Beau
Paine, executive vice president of air cargo at Menzies Aviation, said: “As we
scale our cargo business globally, consistent, data-driven operations on both
airside and landside are essential.
”Deploying
Nallian’s TVM at priority stations will help us cut truck dwell time, smooth
peaks and deliver a faster, more predictable experience for our customers.
Native integration with MACH makes this a practical step in our digital journey
and a foundation for wider rollout.”
As well as
improving truck handling efficiency, Menzies said TVM would enhance yard safety
and “unlock measurable labour and efficiency savings”.
The system
will integrate with Menzies Aviation Cargo Handling (MACH) cloud-based cargo
management platform, developed with Wipro.
Nallian
chief executive Jean Verheyen added: “Starting with a focused,
multi-region deployment ensures quick value and creates a replicable model that
can scale across the network. Tight integration with MACH will provide unified
data and control from the yard to the warehouse.”
Menzies is
not the only handler to have announced it will deploy the Nallian truck system
this year. In April, dnata said that it planned to use the system at its Cargo City Amsterdam
facility.
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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