JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.

 

E-MAIL : Robert.sands@jupiterseaair.co.in   Mobile : +91 98407 85202

 

Corporate News Letter for  Monday  February  23,  2025


Today’s Exchange Rates


CURRENCY

PRICE

CHANGE

%CHANGE

OPEN

PREV.CLOSE

 

USD/INR

90.98

0.300003

0.330837

90.94

90.68

 

EUR/USD

1.1787

0.0014

0.118916

1.1773

1.1773

 

GBP/INR

122.5465

0.096703

0.078973

122.2161

122.4498

 

EUR/INR

107.0695

-0.280693

-0.261474

106.8943

107.3502

 

USD/JPY

154.853

-0.156998

-0.101282

155.01

155.01

 

GBP/USD

1.35

0.0035

0.259932

1.3465

1.3465

 

DXY Index

97.898

-0.027

-0.027573

97.89

97.925

 

JPY/INR

0.5856

0.0005

0.085459

0.5851

0.5851

 


///                   Sea Cargo News            ///

US Supreme Court Overturns Key Trump-Era Tariffs, Undermining Former Administration’s Trade Policies


The United States Supreme Court has struck down major tariffs imposed during the Donald Trump administration, delivering a significant setback to the former president’s economic and trade agenda.

The court ruled that the tariffs, which targeted a range of imported goods, exceeded the legal authority granted to the executive branch. The decision is expected to have wide-ranging effects on US trade policy, international relations, and domestic industries that had been affected by the levies.

Key sectors impacted include steel, aluminium, and various consumer goods, where businesses had faced higher costs due to the tariffs. Trade experts say the ruling may pave the way for the Biden administration to recalibrate America’s approach to tariffs and trade negotiations, potentially easing tensions with trading partners such as China, the European Union, and Canada.


CMA CGM’s New Ship Contract Highlights Challenges for Indian Builders


The global shipping giant CMA CGM has signed a major shipbuilding contract with Cochin Shipyard Limited for six 1,700 TEU liquefied natural gas (LNG)-powered feeder container vessels, thrusting India’s shipbuilding sector into the international spotlight.

The agreement, formalised in New Delhi, underscores both a milestone opportunity and the formidable challenges facing Indian shipyards as they seek to compete with established global builders.

The vessels, which will be delivered between 2029 and 2031, mark the first time a leading global liner has commissioned container ships from an Indian yard — a significant step toward positioning India as a contender in large-ship construction.

However, industry analysts say the project also puts Indian builders under intense pressure to meet demanding technical, quality and timeline standards historically dominated by shipyards in South Korea, China and Japan.

The contract signing was attended by senior officials from the Indian Ministry of Ports, Shipping and Waterways and reflects the government’s ongoing efforts to boost domestic maritime capability under broader

Policy reforms. India’s shipbuilding industry has long aimed to break into the upper tier of the global market, but has faced hurdles including limited experience with large, sophisticated vessels and stiff competition from well-established international shipyards.

Beyond ship construction, CMA CGM also plans to deepen its engagement in India’s maritime ecosystem. This includes exploring container manufacturing and sustainable ship recycling initiatives, as well as estab-lishing a research and development hub with a focus on artificial Intelli -gence and digital technologies to optimise logistics and supply chain operations.

While the contract is celebrated by many as a testament to India’s growing shipbuilding ambitions, it also serves as a high stakes test case; successfully delivering these vessels on time and to global standards could accelerate further foreign order – but delays or quality setbacks could reinforce concerns about India’s readiness for top-tier maritime manufacturing.

Apple Producers Fear Cheap Imports After Trade Agreements


Apple growers across key producing regions in India are raising concerns that recent trade agreements could lead to an influx of low-priced imported fruit, threatening the viability of domestic orchards and farmers’ livelihoods.

Duty Cuts Growers in major apple-producing states such as Jammu & Kashmir, Himachal Pradesh and Uttarakhand fear that tariff reductions under recent trade pacts — including interim arrangements with the United States and free trade agreements with countries like the European Union and New Zealand — could result in cheaper foreign apples entering the Indian market.

Under these deals, tariffs on imported apples have been lowered or offered on a quota basis, raising fears that producers will struggle to compete on price with imported fruit that may be sold at lower rates once levies are reduced. Growers say such a scenario could depress domestic apple prices, compress profit margins and harm the economic stability of farming communities that rely on apple cultivation. 

Brazilian Court Forces Renewed Access to Cargill Santarém Port Terminal


A Brazilian federal court has **reinstated an order requiring access to the river port terminal operated by Cargill in Santarém, overturning a temporary suspension of the mandate and marking a legal win for the U.S. grain trader.

The decision was signed by federal judge Shamyl Cipriano late on Wednesday. Indigenous groups and allied protesters have been blocking truck access to the terminal for several days, opposing plans to dredge the Tapajós River—a move they say could accelerate the transport of soy, corn and other grains for export but harm local ecosystems and Indigenous livelihoods.

Last Friday, a federal court initially ordered the government to clear the blockade within 48 hours and restore access to the facility. However, federal prosecutors successfully appealed that ruling on procedural grounds, arguing it ignored legal requirements for Indigenous consultation and mediation. That appeal briefly halted the order before it was reinstated this week.

The renewed decision obliges authorities to ensure unhindered entry to Cargill terminal in Para state, a crucial logistics hub for Brazil’s agriculture exports. Amport, an association representing Amazon Basin Port operators, welcome the ruling, stating it recognizes the “essential nature of port infrastructure and the harm resulting from a prolonged shutdown.

Despite the Court order, protests continue. Local media reported Indigenous demonstrators have intercepted barges on the Tapajos River, highlighting ongoing tensions over the future of the waterway, dredging plans and the broader role of agribusiness in the region.

False Flag Vessels Surge to 529, Triggering International Scrutiny


The International Maritime Organization (IMO) has identified 529 vessels operating under false flags, raising serious concerns about maritime safety, regulatory compliance, and sanctions enforcement across global shipping lanes.

According to information circulated among member states, the vessels were found to be falsely claiming registration under flag states without proper authorisation. The issue stems largely from the proliferation of fraudulent ship registries and the misuse of legitimate flag state identities, creating legal ambiguities and enforcement challenges.

The IMO has been working with flag administrations to verify ship registrations and remove unauthorised entries from international databases. Several flag states have reportedly moved swiftly to invalidate fraudulent certificates and notify port authorities worldwide.

False flag operations can :  (1) Undermine maritime safety oversight, (2) Obscure vessel ownership and beneficial control,  (3) Complicate sanctions monitoring and enforcement, (4) Increase risks related to insurance and liability.

Shipping experts warn that vessels operating under fake registries often evade inspections, safety standards and environmental regulations, posing heightened risks to crews and cargo.

Crackdown underway : A) Cross-check IMO ship identification numbers B) Strengthen registry authentication procedures C) Improve data-sharing between maritime authorities  D) Raise awareness among port state control agencies.

The rise in falsely flagged ships comes amid broader geopolitical tensions and tightening sanctions regimes, which have driven some operators to seek opaque registration channels.

The IMO has reiterated its commitment to safeguarding the integrity of the global shipping system, emphasising that legitimate flag state governance remains central to maritime safety and environmental protection. Further updates are expected as investigations continue and member states review additional suspect registrations.

Danish Officials Detain Sanction-Listed Boxship


Authorities in Denmark have detained a container vessel listed under international sanctions, reinforcing the country’s commitment to enforcing global trade restrictions. According to officials, the boxship was held following compliance checks that identified its inclusion on a sanctions list linked to ongoing geopolitical measures.

The detention was carried out in coordination with maritime and customs authorities to ensure adherence to European Union and international regulations. While details regarding the vessel’s ownership and cargo have not been fully disclosed, sources indicate that the action forms part of heightened monitoring of shipping activities in Northern European waters.

Ports across the region have stepped up scrutiny of vessels connected to sanctioned entities, particularly amid tightening enforcement frameworks. The detention may result in further investigation into the ship’s documentation, cargo manifests and beneficial ownership structures. Authorities will determine the next course of action in line with applicable legal procedures.

The move underscores Denmark’s firm stance on sanctions compliance and highlights the growing regulatory pressure on maritime operators to ensure transparency in vessel ownership and trading activities.

/////       AIR  CARGO   NEWS   /////

Embraer Ties Up with Hindalco for Aluminium Supply


Embraer has entered into a strategic partnership with Hindalco Industries to source high-performance aluminium products for its aircraft manufacturing programs. Under the agreement, Hindalco will supply aerospace-grade aluminium solutions tailored to meet Embraer’s stringent quality and certification requirements.

The collaboration is aimed at strengthening Embraer’s global supply chain while enhancing the role of Indian manufacturing in the international aerospace ecosystem. Officials from both companies highlighted that the partnership reflects growing industrial cooperation between Brazil and India. The arrangement is expected to support Embraer’s commercial and defence aircraft production, ensuring reliable access to advanced lightweight materials critical for fuel efficiency and structural performance.


For Hindalco, the tie-up reinforces its expanding footprint in the global aerospace sector, leveraging its downstream capabilities and specialised aluminium product portfolio. The company has been increasing its focus on value-added products aligned with high technology industries.

The agreement signals a broader trend of aerospace manufacturers diversifying sourcing bases and building resilient supply chains amid evolving global market dynamics.

Qatar Cargo Expands Network with Yerevan–Tbilisi Freighter Route

Qatar Airways Cargo has expanded its global network with the launch of a new weekly freighter service connecting Yerevan and Tbilisi, strengthening air cargo links between the Caucasus region and key international markets.

The new service provides dedicated main-deck capacity to Yerevan, Armenia, and Tbilisi, Georgia, offering exporters improved access to the carrier’s extensive global network via its Doha hub.

The addition is expected to support growing trade flows from the region, particularly for perishables, pharmaceuticals, textiles, and high-value industrial goods. By deploying a scheduled freighter operation, Qatar Cargo aims to provide enhanced reliability, greater uplift capacity, and seamless onward connections to Europe, Asia, and the Americas.

Industry stakeholders in both Armenia and Georgia have welcomed the move, noting that improved air freight connectivity will help local businesses expand export reach and strengthen supply chain resilience.

With this latest expansion, Qatar Cargo continues to reinforce its strategic focus on emerging markets and underserved trade cooridors, further consolidating its position as one of the world’s leading air freight carriers.

MoU Signed to Boost Export Cargo Movement via Jewar Airport

In a significant step for India’s expanding air-cargo ecosystem, Air India SATS Airport Services Private Limited (AISATS) and Continental Carriers Private Limited (CCPL) signed a Memorandum of Understanding (MoU) on Friday at the AISATS Multi-Modal Cargo Hub located at Noida International Airport, Jewar.

The MoU was formalised in the presence of Vaibhav Vohra, Managing Director of Continental Carriers Pvt. Ltd., and Ramanathan Rajamani, Chief Executive Officer of AISATS, alongside senior officials from both organisations.

Under the framework of this partnership, the 2 companies will collaborate to enable seamless, customs-compliant export trans-shipment cargo movement from Delhi’s air freight stations to the air cargo terminal at Jewar. This coordinated effort is expected to ensure timely handover of cargo to designated airlines, streamline regulatory procedures, and significantly reduce logistics costs for exporters.



     Kendra Tanner, a professional with over thirty-three years’ experience in the transportation industry, is the President of Allstates WorldCargo. Kendra began her transportation career with Consolidated Freightways in 1988. With her acquired experience in various areas of the business, in 2000 Kendra moved to a freight forwarding company, EXEL Global Logistics (now DHL), and served as a General Manager before joining the Allstates WorldCargo team in 2002. Kendra has an MBA Degree in Business Management from Chancellor University. This is how Geoffrey made acquaintances and induced her to talk to FT before she speaks at the Air Cargo Conference today.
     “Thanks for writing. I thought that your Dad reference (as a Dad of 2 girls and 2 boys) was wonderful. So my first question plays to that universal emotion. Inspiration as keynoter sure beats perspiration at Brandon’s gathering in February. My guess is that you will be great so as we say “break a leg” in Orlando!”
     Thus starts our interview with this Broadway-style slightly overconfident approach. This could make boys and girls uneasy, not the experienced business leader we have in front of us.

FT:  What inspired you to choose this business as a career?  
KT:  My dad is the reason I am in this industry today.  He was a truck driver for McLean Trucking and Consolidated Freightways.  I used to attend the Consolidated Freightways events with my dad, and one day his boss offered me a job.  I wanted to be a dentist, but I couldn't afford dental school.  My dad told me it was a brutal industry, and he didn't want me in it, but I told him he raised me to be able to handle whatever is thrown my way, and that was thirty-eight years ago.  I had the privilege of working alongside my dad for over a decade at Consolidated Freightways, an opportunity I am incredibly grateful for.

FT:  What is the most impactful challenge you’ve faced in your career and how did you overcome it? Talk a bit about your company, please. What do you bring to the tables that assures a perspective business partner the job will be done correctly?   
KT:   Becoming President and CEO was the most impactful challenge I have experienced.  With that opportunity comes a lot of responsibility, and people depend on you to make the right decisions for them and the company. I had to have the confidence and backbone to make difficult decisions on behalf of the entire organization, ensuring we were all successful and moving in the right direction. From a personal perspective, I had to make a lot of sacrifices of my time. My husband has taken a back seat to my career often, but he understands and has been extremely supportive of me and my career.  

FT:  How do you define success? 
KT:  Being part of something where I can make a meaningful difference. Surrounding myself with good people working towards a common goal together! You cannot do it alone! It takes a team that is willing to experience the highs and lows together!

FT:  What advice would you give to women that either are just starting or thinking of entering logistics that is so overrun with men in charge and alongside? 
KT:  Believe in Yourself—Confidence is essential. Cultivate relationships with mentors and industry experts, both men and women. Ask for opportunities within our industry and celebrate your accomplishments.   

FT:   How do you balance life otherwise whilst managing your business?  

KT:  It's definitely challenging, but you have to try to lead a somewhat balanced life. Self-care is important because if you're not good, nothing else will be either.  I have a passion for animals, so when I am not working, I am spending time with my horses, donkeys, and dogs. They bring peace and tranquility to my life.

FT:  What role has/does mentorship play in your career? 

KT:  I have been fortunate to have several mentors throughout my career.  I encourage everyone to have a mentor in their lives and to rely on others for guidance and support when needed.  You cannot do this alone!

FT:  How do you deal with chaos?  
KT:  Wine!  LOL!  

FT:   When things go wrong have you ever considered that maybe there should be the title, Chaos Manager
KT:  There will always be some sort of chaos or crisis that you have to deal with. I was always taught that cooler heads prevail and you should stay calm and assess the crisis before reacting. Taking ownership of the situation and being transparent about what happened are key to developing insights into what went wrong and how to prevent it from happening again. It's a way to develop future crisis management strategies.

FT:  Looking ahead . . . with AI and robots and ultra-high-speed everything, what does the future look like? What about innovation and adaptability? 
KT:  You will always need to be innovative and adaptable. If you are not changing, you are dying. You have to embrace technology and learn to use it effectively in your career. Change is inevitable, but you need to identify specific challenges where AI can add value, such as improving efficiencies, enhancing customer experiences, or optimizing operational processes. Technology will never replace our industry, but it can enhance our service offerings.

FT:  What are some things that you would like the audience to exit the hall thinking and talking about, above all else?  
KT:  I would like the audience to know this industry can take you as far as you want to go, but it will demand hard work and commitment. You must be prepared to give your all and support the industry as a whole.!
Marco Sorgetti


Esterlyn Coleman, Southwest Airlines, Director of Cargo Commercial, will be present on President's Day and ready to go when the Orlando AirCargo Conference opens its doors for business Monday February 16, 2026.

  “We are so excited to connect with everyone at the Air Cargo Conference 2026,” Esterlyn declared.
  “So come on by Booth #302 and let’s talk about it now," she enthused.

  Pictured here with Brandon Fried, Executive Director, The Airforwarders Association, as SWA debuted its sparkling new Denver Terminal June 5, 2025, Esterlyn said the carrier will have much to discuss about what’s up and next as it meets and greets in Orlando.


  “I’m proud that so many of our member companies rely on Southwest to move critical shipments across the U.S. and to their growing list of international destinations," Brandon said.
  “The DEN facility is a clear sign of Southwest’s continued investment in speed, reliability, and infrastructure to support forwarders and shippers alike," Brandon concluded.
  “Our team is ready to learn more about your business needs and explore how Southwest Cargo can help you reach new heights,” Esterlyn declared.
  As the USA’s premier opening Air Cargo Event for 2026 gets underway in Florida, we think that this event, "for everybody else” can also be proud that Esterlyn is making history in Orlando as the first woman of color to be in the upper echelons of a major U.S. trunk carrier’s air cargo business.
  A thorough professional, Esterlyn Coleman is an experienced authority in revenue management and marketing, that is just the ticket for SWA.
  For the record, Esterlyn has served as Director of Cargo Revenue Management & Marketing at SWA since December 2014.
  Esterlyn landed at Southwest from FedEx, where she also operated as a Revenue Operations Manager.
  Break a leg, Esterlyn and Brandon at Air Cargo Event 2026 Orlando!


When you talk air cargo with Alaska Airlines, in addition to the full menu   of non-stop air cargo services five days a week from Seattle to both Tokyo and Seoul, you get the very strong indication from Ian Morgan who serves as Vice-President Cargo that this is one resource that is a comer in our business in 2026.
      “Our Alaska and Hawaiian Air Cargo network serve 14 locations across Asia, the South Pacific, Canada and Mexico from our global gateways in Honolulu (HNL) and Seattle (SEA). Nonstop long-haul service from Seattle (SEA) to Rome begins April 28, and to London on May 21, with more coming up and down the line,” Ian says proudly.

Ian Morgan in 2026 is the go-to air cargo executive at Alaska and Hawaiian Air Cargo, who makes no bones about it when he declares that, “2026 is an important year.

      “We have finally become one airline since Single Operating Certificate was issued, and with our new combined carrier of Alaska and Hawaiian, 1 plus 1 didn't equal 2; 1 plus 1 equals exponentially more in terms of global reach and service. “On January 10, when we transitioned to a single cargo operating system, it brought all our data under one roof, and a single booking platform for our customers. This now extends our flagship product GoldStreak to our important customer base in Hawaii. In addition to this, we will be starting operations into Europe for the first time, with the start of LHR/FCO.
      “We have a packed year ahead, with significant progress for our customer base, and there is more to come.”
      We caught up with Ian as he readies for Air Cargo 2026; he is leading the way during an exciting adventure as 2026 goes deeper.
      “The past year was about proving what we can achieve and laying the foundation for future growth, and our customers are already seeing the results with our global expansion out of Seattle. Our cargo division continues to show how important we are to the company’s success, and I could not be prouder of our team.
      “Now, 2026 will be a pivotal year as we continue to expand. At the same time, we recognize we have the responsibility to improve across all aspects of our business, including customer service and operations. We are investing in our technology and our infrastructure so we can deliver a world class shipping product as a world class airline.”

Man With A Plan

      “When we spoke last year, we talked about the excitement of what was to come.
      “Well, now it’s here! As I mentioned, uur single cargo booking system for all of our customers just launched in January, and this is a big improvement for our customers. That opened online booking for Hawaiian Air Cargo customers, using the same platform as we have at Alaska. We’ve also just finished the project of co-locating our teams at stations across our network, improving access to our entire portfolio of routes — now at 119, and continuing to grow.”
      Ian is animated about what’s next, “we are excited about preparing to launch in Europe, with service to Rome starting in April. And in May, we launch in London, where of course, I began my career and have very deep roots.”
      We ask Ian, what’s the driver, the joy of winning or the fear of losing?
He responds without a beat, “For me, it has always been both — one feeds the other.
      “But I must admit I have a real sense of confidence going into 2026.
       “Of course, this industry and environment will continue to throw us curveballs, but when you are part of something special, like I am fortunate to be at Alaska, you can be prepared. They say hope is not a strategy, but I believe that hope, belief, trust and faith are the key elements that make a strategy successful. We have these in abundance, and that is what will drive us in 2026.”
       Who do you admire in business and life? “Jason Berry became COO of Alaska/ Hawaiian Air Cargo, and will continue to lead cargo. Definitely huge admiration there.
       “And, frankly, I admire and respect our whole industry — partners and competitors alike.
       “We are a community, and time and again we have proved that we succeed when we support one another.
       “We are here in Orlando; the AfA is a great example of that spirit. Cargo is an incredible community and after 47 years in this industry, it remains a privilege to be a part of it, and one I never take for granted.
       “To paraphrase what I always will share:  If you can still be an optimist after 47 years in this industry, then you have succeeded.”
       We asked this all-time air cargo pro what are some measures and perhaps basic rules that air cargo can employ to advance the business? What might air cargo change or adopt?
       “One of the biggest questions is AI: where it fits and, more importantly, how it can help. We continue to explore its potential and have found opportunities. At the same time, we are a people-driven business, and that is something we will never lose sight of. Even as we improve our technologies, we are careful to keep our customer service personal and individualized, which is one of our biggest strengths.”
       We asked Ian, based on his years in the industry, whether there will continue to be an airline/forwarder partnership as core to the business. And what his view is on how that partnership can continue to prosper.
       “The forwarder partnership becomes even more important to us with our expansion. As we enter new markets, we will need their support to be successful. We look forward to expanding our customer base and bringing value to those relationships.
       “We always look forward to AirCargo. Every opportunity to connect with our customers is important, so we do our best to ensure Alaska is represented as much as possible. We want to hear directly from the cargo community and we want make certain that we are positioned exactly where you need us to be.
       “And no matter where that is, we look forward to meeting you there.”
        Ian adds, “my focus is on continuously creating reasons for our customers to want to do business with us. That can come from investment in infrastructure like IT, that positions us well for the future. Perhaps even more important are the investments we’re making in our teams as we bring the cargo operations of Alaska and Hawaiian together. They are our most important investment because they provide the excellent customer service people have come to love. Some wise words I think about often: ‘Look after your team and they will look after the customer.’
       As we close our conversation, we ask Ian, what he does to relax. He smiles and says, “You may have to ask me about this in Q2! Look, I’m fortunate to truly love what I do. At this moment, as we are off and running at the start of a year of growth, I’ll admit I’m not as focused on relaxing. We’re creating something new, and that’s very exciting.”
Geoffrey Arend

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.


Comments

Popular posts from this blog