JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News
Letter for Wednesday February
18, 2025
Today’s Exchange Rates
|
CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
90.68 |
0.019997 |
0.022057 |
90.69 |
90.66 |
90.65- 90.785 |
|
|
1.1822 |
-0.0029 |
-0.244705 |
1.1851 |
1.1851 |
1.1816- 1.1852 |
|
|
123.2425 |
-0.455696 |
-0.368393 |
123.4289 |
123.6982 |
123.0166- 123.5804 |
|
|
107.4247 |
-0.128502 |
-0.119478 |
107.3866 |
107.5532 |
107.361- 107.5311 |
|
|
153.268 |
-0.201996 |
-0.131619 |
153.47 |
153.47 |
152.703- 153.759 |
|
|
1.3525 |
-0.0104 |
-0.763083 |
1.3629 |
1.3629 |
1.3525- 1.3632 |
|
|
97.108 |
0.193001 |
0.199144 |
97.123 |
96.915 |
97.072- 97.247 |
|
|
0.5932 |
0.002 |
0.338301 |
0.5907 |
0.5912 |
0.5904- 0.5941 |
/// Sea Cargo News ///
Adani Enterprises Under U.S. Scrutiny After Iranian
Cargo Allegations
Adani
Enterprises has confirmed that it is under investigation by U.S. authorities
following media reports linking the company to cargo shipments involving Iran,
highlighting growing scrutiny of international trade compliance. The company
stated that it is cooperating fully with the inquiry and reiterated its
commitment to adhering to all applicable trade and export regulations.
While
details of the investigation remain limited, reports suggest that the probe is
focused on whether any shipments violated U.S. sanctions on Iranian trade.
Industry experts note that such investigations can have reputational and
operational implications, particularly for conglomerates engaged in global
logistics and commodity trading. Adani Enterprises has a significant presence
in ports, logistics, and energy sectors, making compliance with international
trade rules critical.
The
development comes amid heightened regulatory attention on global supply chains
and sanctions enforcement, especially involving countries subject to U.S. trade
restrictions. Company officials said they are monitoring the situation closely
and are taking steps to ensure continued transparency with stakeholders.
Safety Warning Issued as
Containers Collapse at LA–Long Beach Port
The
US Coast Guard has issued a safety warning following multiple incidents of
container collapses at the ports of Los Angeles and Long Beach, raising
concerns over terminal safety and cargo handling practices.
According
to the Coast Guard, the incidents involved container stacks that failed during
storage or handling operations, posing risks to port workers, equipment, and
nearby infrastructure. No serious injuries were reported, but authorities said
the events highlight the need for stricter safety controls.
The
Coast Guard has urged terminal operators and shipping companies to review
stacking procedures, equipment condition, and compliance with safety
guidelines. Attention has also been drawn to factors such as improper weight
distribution, damaged containers, and adverse weather conditions that can
increase the risk of collapses.
Port
authorities said they are working with terminal operators to assess the
incidents and implement corrective measures. Operations at the Ports continue,
with additional safety checks being carried out.
Industry
observers noted that the warning comes amid high yard density and operational
pressure at major gateways, underscoring the importance of safety management as
ports handle large cargo volumes.
Red Sea Transits Return on Select Liner Services
Selective
Red Sea transits have resumed on a limited number of liner shipping services,
signalling a cautious shift by carriers amid ongoing security concerns in the
region.
Shipping
lines said the decision to route vessels through the Red Sea is being taken on
a service-by-service and voyage-by-voyage basis, depending on risk assessments,
naval protection, and insurance conditions. Most carriers continue to divert
the majority of services via the Cape of Good Hope.
Industry
sources said the selective resumption is aimed at improving schedule
reliability and reducing transit times on certain trade lanes, particularly
those linking Asia with Europe and the Mediterranean. However, carriers remain
prepared to revert to diversions if the security situation deteriorates.
The
return of limited Red Sea transits is unlikely to immediately ease supply chain
disruptions, as capacity constraints, higher costs and longer lead times
continue to affect global shipping markets.
Market
participants said freight rates and surcharges are expected to remain volatile
as carriers balance operational efficiency with safety considerations.
CMA CGM Expands Digital Push with Fleet-Wide LEO Network
CMA CGM has expanded its digital transformation efforts with the launch of a fleet-wide low Earth orbit (LEO) satellite connectivity network, in partnership with Marlink and Eutelsat. The new network is designed to provide high-speed, low-latency internet connectivity across CMA CGM’s global fleet, enhancing vessel operations, crew welfare, and real-time data exchange.
The
LEO solution complements existing satellite systems and is expected to improve
reliability and coverage on key trade lanes. According to the group, enhanced
connectivity will support advanced digital applications such as remote
monitoring, predictive maintenance, cybersecurity, and improved voyage
optimisation. Crew members will also benefit from better onboard communication
services.
Marlink
and Eutelsat will provide the satellite infrastructure and managed connectivity
services, enabling seamless integration across CMA CGM vessels. The rollout
forms part of the carrier’s broader strategy to leverage digitalisation and
connectivity to improve operational efficiency and sustainability.
Industry
observers say fleet-wide LEO adoption reflects a growing trend among shipping
lines to invest in next-generation communication to support smarter, safer and
more efficient maritime operations.
MSC Pushes Asia Network Expansion with Firehorse Launch
Mediterranean Shipping Company (MSC) has expanded its Asia network with the launch of its new Firehorse service, aimed at strengthening connectivity across key Asian trade lanes. The Firehorse service is designed to improve port coverage, transit times, and schedule reliability for customers moving cargo within Asia.
MSC
said the new offering will enhance links between major manufacturing and
consumption centres, supporting growing intra-Asia trade demand. According to
the carrier, the service will provide additional capacity and greater
flexibility for shippers, particularly in sectors such as electronics, consumer
goods, and industrial cargo. The launch forms part of MSC’s broader strategy to
reinforce its regional network and respond to evolving supply chain
requirements.
Industry
sources said the Firehorse service underscores continued investment by global
carriers in intra-Asia routes, even as market conditions remain mixed. MSC said
it will continue to evaluate network enhancements to support customers across
Asia.
Air Canada Pauses Cuba Services Due to
Fuel Supply Constraints
Air Canada has temporarily suspended its
operations to Cuba due to fuel supply constraints affecting the country, the
airline said. The carrier cited ongoing fuel shortages at Cuban airports, which
have disrupted refuelling operations and affected flight reliability.
As a result, Air Canada said it has paused
services to ensure operational safety and minimise disruption to its network.
The suspension impacts select routes between Canada and Cuba, a popular leisure
market, particularly during peak travel periods.
The airline said it is monitoring the
situation closely and will resume flights once fuel availability stabilises.
Passengers affected by the suspension are being offered rebooking options or
refunds in line with Air Canada’s customer policies. The airline advised
travellers to check flight status updates before planning travel. Cuba has been
facing intermittent fuel supply challenges, which have affected transportation
and other sectors. Airlines operating in the region have been adjusting
schedules in response to the situation.
MSC Air Cargo Plans Milan–Shanghai
Freighter Operations
MSC Air Cargo is planning to launch dedicated freighter operations between Milan and Shanghai, expanding its air cargo network and strengthening connectivity between Europe and China.
The proposed service is aimed at supporting
growing demand for high-value and time-sensitive cargo, including
pharmaceuticals, electronics, automotive components, and e-commerce shipments.
The Milan–Shanghai route is expected to enhance capacity and provide shippers
with additional options on a key intercontinental trade lane.
Industry sources said the operation would
leverage MSC Air Cargo’s integrated logistics platform, combining air freight
services with the group’s maritime and inland transport capabilities. The move
aligns with MSC’s strategy to expand its presence in the global air cargo
market.
Details on aircraft type, frequency and
launch timeline are expected to be announced closer to the start of operations,
subject to regulatory approvals. Market participants said the planned route
reflects continued interest by logistics providers in strengthening Asia-Europe
air cargo links amid evolving supply chain needs.
Hong Kong Air Cargo Launches Cyprus
Service
Hong Kong Air Cargo has expanded its
international network with the launch of a new service to Cyprus, strengthening
its connectivity between Asia and Europe.
The new route is designed to support growing
demand for air freight capacity on Asia–Europe trade lanes, catering to sectors
such as e-commerce, pharmaceuticals, electronics, and general cargo. The
addition of Cyprus provides shippers with an alternative European gateway with
onward connectivity to regional markets.
The airline said the service forms part of
its broader strategy to expand its network and offer flexible routing options
amid evolving global supply chain requirements. Cyprus’s strategic location is
expected to support efficient cargo distribution across Europe, the Middle
East, and North Africa.
Industry observers said the move highlights
continued network expansion by cargo airlines seeking to tap niche and emerging
hubs to improve service coverage. Hong Kong Air Cargo said it will continue to
evaluate new destinations to meet customer demand and enhance network
resilience.
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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