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 February
14, 2025
Today’s
Exchange Rates
|
CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PRE.CLS |
|
|
90.67 |
0.07 |
0.077262 |
90.67 |
90.60 |
|
|
|
1.1863 |
0.0008 |
0.067392 |
1.1871 |
1.1871 |
|
|
|
123.5555 |
0.105705 |
0.08548 |
123.4546 |
123.6612 |
|
|
|
107.6038 |
0.099701 |
0.09257 |
107.6102 |
107.7035 |
|
|
|
153.616 |
0.875992 |
0.573518 |
152.74 |
152.74 |
|
|
|
1.3624 |
0.0002 |
0.014685 |
1.3622 |
1.3622 |
|
|
|
97.02 |
0.094994 |
0.098007 |
96.936 |
96.925 |
|
|
|
0.5906 |
0.0001 |
0.016938 |
0.5931 |
0.5905 |
|
/// Sea Cargo News ///
FESCO Boosts Capacity on Indian Line West by Nearly 20%
Russia’s FESCO Transport Group has increased the carrying capacity of its FESCO Indian Line West (FIL-W) container service by almost 20%, strengthening maritime connectivity between Russia, India, the Middle East and the Red Sea region. The capacity enhancement follows the deployment of a significantly larger container vessel on the route, replacing one of the smaller ships previously in service.
Earlier, the line was operated by the FESCO EKATERINA (1,043 TEU), FESCO YANINA (962 TEU) and FESCO ASKOLD (1,080 TEU). The newly introduced vessel has already commenced operations and is currently on its maiden voyage, sailing from Jebel Ali in the UAE to Novorossiysk with imported cargo. In addition to the new vessel, two other FESCO container ships with a combined capacity exceeding 2,000 TEU continue to serve the FIL-W route, ensuring stable and increased service capacity.
Mundra Port Sets New Records in Auto Exports, Liquid Cargo Handling in January
Adani Group’s Mundra Port recorded a sharp surge in automobile exports and liquid cargo volumes in January 2026, setting multiple operational records and underscoring the growing role of large, integrated ports in supporting India’s trade and export flows.
The port handled its highest-ever monthly automobile export volume, shipping 25,762 vehicles through its dedicated roll-on/roll-off (RoRo) terminal at Adani Mundra Container Terminal (CT2). This surpassed the previous record achieved in May 2024, reflecting sustained overseas demand for India-manufactured vehicles.
Automakers such as Maruti Suzuki and Toyota increasingly routed exports through Mundra during the month, with consignments bound for markets across Africa, Europe, East Asia, Australia, and the Middle East, port officials said.
Indian Coast Guard Busts International Oil Smuggling Syndicate off Mumbai Coast
The Indian Coast Guard (ICG) has busted an international oil cargo smuggling syndicate following a mid-sea operation in international waters, intercepting three vessels involved in illicit trade, the maritime security agency said on Saturday.
The operation was conducted on February 5–6, around 100 nautical miles west of Mumbai, based on intelligence generated through technology-enabled maritime surveillance systems. According to an official release, the syndicate had developed a sophisticated modus operandi to smuggle large quantities of low-cost oil and oil-based cargo sourced from conflict-affected regions. The cargo was transferred mid-sea to motor tankers in international waters, enabling the operators to evade customs duties payable to coastal States, including India.
Panama Canal Releases Water to Manage High Reservoir Levels
The Panama Canal Authority has begun controlled water releases from the Gatún Lake reservoir as part of preventive measures after the lake reached its maximum operational capacity following periods of heavy rainfall. The move aims to safeguard canal infrastructure and reduce risks to nearby communities both upstream and downstream of the Gatún hydrotechnical complex.
Gatún Lake, a key freshwater reservoir that supplies water for the canal’s lock system, climbed to approximately 88.9 feet—significantly above the five-year average for early February—prompting the Panama Canal Authority to open floodgates to maintain safe levels and manage excess runoff.
//// AIR CARGO NEWS /////India–US Interim Trade Deal to Remove Tariffs on Aircraft Parts, Boost Aerospace Manufacturing
India and the United States have agreed to remove reciprocal tariffs on the trade of select aircraft parts and machinery under an interim framework for reciprocal and mutually beneficial trade, marking a significant boost for the aerospace manufacturing ecosystem in India.
As part of the interim agreement, India plans to purchase nearly $500 billion worth of US products over the next five years, including aircraft and aircraft components, energy, precious metals, technology products and coking coal. The move is expected to deepen bilateral trade ties and accelerate industrial collaboration between the two countries. Commerce and Industry Minister Piyush Goyal said both Boeing and Airbus are increasingly viewing India as a major global hub for aircraft parts manufacturing.
Malaysia Looks to Revise Bilateral Air Traffic Rights to Increase India Flights
Malaysia has sought a revision of its bilateral air traffic rights agreement with India to allow airlines to operate more flights between the two countries, citing strong and sustained growth in passenger demand. Officials said expanded traffic rights would enable Malaysian and Indian carriers to add frequencies and explore new routes, improving connectivity for tourism, business travel, and trade. India remains one of Malaysia’s fastest-growing aviation markets, driven by rising outbound travel and stronger economic ties.
The proposal is expected to be discussed through bilateral aviation talks, with both sides assessing capacity utilisation, reciprocity, and market balance. Any revision to the agreement could pave the way for enhanced air links and greater airline participation on India–Malaysia routes.
AAI’s MoU with Bharat Taxi to Deliver Transparent Pricing for Airport Rides
The Airports Authority of India (AAI) has signed a memorandum of understanding with Bharat Taxi to improve last-mile connectivity and offer transparent, standardised taxi services at select airports across the country. Under the agreement, Bharat Taxi will provide app-based cab services with clearly displayed fares, aiming to eliminate surge pricing and enhance passenger convenience.
The initiative is expected to improve the overall airport travel experience by ensuring reliable, affordable, and regulated ground transportation for arriving and departing passengers. AAI said the partnership aligns with its broader efforts to strengthen passenger-centric services and streamline surface connectivity at airports. The rollout will be phased, with services gradually extended to more airports based on operational readiness and passenger demand.
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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