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  April 11,  2026

Today’s Exchange Rates

CURRENCY▲	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE
USD/INR	92.6775	0.0075	0.008093	92.56	92.67
EUR/USD	1.1697	-0.0002	-0.017088	1.1699	1.1699
GBP/INR	124.3896	0.181801	0.146368	124.3972	124.2078
EUR/INR	108.3253	0.147903	0.136723	108.3681	108.1774
USD/JPY	159.277	0.316986	0.199412	158.96	158.96
GBP/USD	1.3427	-0.0009	-0.066986	1.3436	1.3436
JPY/INR	0.5818	-0.001	-0.171583	0.5829	0.5828

///                   Sea Cargo News            ///

Indian LPG Vessels Safely Transit Hormuz, Set to Reach This Week

The Ministry of Ports, Shipping and Waterways on Monday confirmed that two Indian-flagged vessels carrying over 60,000 metric tonnes of liquefied petroleum gas (LPG) have successfully transited the Strait of Hormuz and are expected to arrive in India this week, amid ongoing tensions in West Asia. Speaking at an inter-ministerial briefing, Additional Secretary Mukesh Mangal said the vessels — Green Sadhvi and Green Asha — are scheduled to arrive on April 7 and April 9, respectively, though timelines may vary depending on conditions at sea. 

Mangal noted that the two LPG carriers safely crossed the strategically vital Strait of Hormuz over the past two days. Green Sadhvi is transporting approximately 46,000 metric tonnes of LPG with 25 Indian seafarers onboard, while Green Asha is carrying around 15,000 metric tonnes with a crew of 26 Indian nationals.

Coffee Exports Brew Record $2.13 Billion for India in FY26

India’s coffee exports scaled a historic high in the 2025–26 fiscal year, reaching $2.13 billion, driven by robust global demand and firm prices in key international markets. 

The surge was led by strong shipments of both Arabica and Robusta varieties, with Indian coffee gaining traction in traditional markets such as Europe, as well as emerging demand centers in the Middle East and Asia. 

Exporters also benefited from favorable price trends amid tight global supplies caused by weather-related disruptions in major producing countries. 

Lazulite Ace Makes Maiden Call at Singapore, Joins MOL’s LNG Dual-Fuel Fleet

The newly delivered car carrier Lazulite Ace has marked a key milestone in its maiden voyage by making its first port call at PSA Singapore over the Hari Raya weekend. The vessel was welcomed by members of the Car Carrier Division along with representatives from PSA, who presented a commemorative memento to the ship’s Captain to mark the occasion. 

Lazulite Ace was delivered to Mitsui O.S.K. Lines (MOL) on March 6 from Nihon Shipyard at its Tadotsu Shipyard. With this delivery, the vessel has officially joined MOL’s core fleet. Notably, Lazulite Ace is the 12th LNG dual-fuel newbuild under the MOL ACE series, underscoring the company’s continued commitment to advancing environmentally sustainable shipping operations.

Gulftainer Launches Khorfakkan China Express to Boost China–Gulf Trade Connectivity

Gulftainer has launched a new China–Gulf shipping service, the Khorfakkan China Express (KCX 1), reinforcing Khorfakkan Port as a key gateway linking Asia with regional and global markets. Operated under GT Lines, the service provides direct connections between major Chinese ports—Qingdao, Shanghai, and Nansha—and Khorfakkan on a fortnightly basis. 

The new route aims to enhance schedule reliability and reduce transit times for cargo moving into the UAE and nearby markets, amid ongoing disruptions across global trade lanes. 

LNG Shipments Disrupted as Qatar Tankers Turn Back Near Strait of Hormuz

Two liquefied natural gas (LNG) carriers departing from Ras Laffan, Qatar, were forced to turn back after heading eastward toward the Strait of Hormuz, according to ship-tracking data released Monday, highlighting ongoing disruptions to energy flows amid escalating regional conflict. The vessels—Al Daayen and Rasheeda—had loaded cargoes in late February, data from Kpler and LSEG showed. 

The Al Daayen was signalling China as its destination before reversing course. Both tankers are controlled by QatarEnergy. Had the ships successfully transited the Strait, they would have marked the first LNG cargo passage through the critical chokepoint since the outbreak of the U.S.-Israel war with Iran on February 28.The conflict has significantly disrupted maritime traffic through the route, which handles roughly 20% of global oil and LNG flows. 

South Korea to Route Ships via Red Sea to Bypass Hormuz Strait

South Korea is planning to reroute a portion of its commercial shipping fleet through the Red Sea in a bid to avoid the increasingly volatile Strait of Hormuz, a critical artery for global energy and cargo flows. The move comes amid rising geopolitical tensions and security concerns in the Gulf region, which have disrupted shipping schedules and heightened risks for vessels transiting the Hormuz corridor. 

By shifting routes toward the Red Sea, South Korean operators aim to ensure continuity of trade and reduce exposure to potential disruptions. Shipping companies are expected to utilize alternative passages via the Bab el-Mandeb Strait, connecting to key global trade routes through the Suez Canal.

/////       AIR  CARGO   NEWS   /////

GetJet Group secures $31Million financing to expand fleet

GetJet Group has secured US$ 31 Million in financing from Volofin Capital Management to support its Growth Strategy for 2026.

Fleet expansion plans :  The funding will enable the acquisition of up to five narrow body aircraft. These are expected to join the fleet by Q2 2026.  Darius Viltrakis said the move will help meet rising demand for ACMI services and support airline partners.

Strengthening partnerships : GetJet recently signed  new contracts with Eurowings and Etihad Airways. It also continues to operate for carriers such as Wizz Air and Air Senegal.

Expanding asset management : Part of the investment will support growth at Airhub Aviation. The company manages a portfolio worth Euro 200 million and operates an MRO facility in Siauliai. The financing strengthens GetJet’s ability to scale operations and expand its aviation asset management capabilities.

 

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.