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 May 02, 2026
Today’s
Exchange Rates
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94.91 |
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1.1717 |
0.004 |
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129.0427 |
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/// Sea Cargo News ///
No safe transit through Strait of
Hormuz: IMO Secretary-General
IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to address the situation in the Strait of Hormuz, where around 20,000 seafarers remain trapped and unable to leave.
In an
informal briefing to Member States and industry
representatives, Secretary-General Dominguez confirmed that several vessels had
been seized and detained in the region over the past few days.
He urged
maximum caution, considering potential mines present throughout the Strait and
threat of further attacks on ships.
“My call is
to release the seafarers because they are not at fault,” he said. “The
situation is not improving. I reiterate: there is no safe transit anywhere in
the Strait of Hormuz.”
He
highlighted that 29 attacks on vessels in the Persian Gulf and around the
Strait of Hormuz had been verified by IMO since the beginning of the conflict,
resulting in the death of at least 10 seafarers and damage to the vessels.
Around 20,000 seafarers on around 1,600 vessels remain in the Gulf.
Seafarers’
welfare
With
the conflict now in its eighth week, Secretary-General Dominguez warned
that supplies on ships stuck in the Persian Gulf - including water, food and
fuel - will start running short. He appreciated the ongoing support from
countries in the region in providing essential supplies and provisions.
Secretary-General
Dominguez urged all flag States, NGOs, industry bodies and the States of
nationality of the seafarers to offer any assistance, including through remote
support, helplines and keeping families informed. He also
highlighted the importance of fair treatment of seafarers in terms of welfare
and payment of wages.
“I spoke to
a seafarer who had been trapped in the Persian Gulf for more than six
weeks. Aside from the exhaustion and toll on mental health of the crews, they
feel invisible, that they are not valued. There is much more we need to do,” he
told delegates.
New Delhi Negotiates Stake Transfer
amid Expiring US Waiver
India Ports Global Ltd (IPGL), which operates the Indian-backed terminal at Chabahar, is reportedly considering divesting its holding in the India Ports Global Chabahar Free Zone under an interim arrangement. Officials are also said to be in parallel talks with both Washington and Tehran over future operational continuity.
Chabahar remains strategically
vital for India as a trade gateway to Afghanistan and Central Asia, bypassing
Pakistan and supporting the International North-South Transport Corridor
(INSTC). India signed a 10-year operating agreement for the port in 2024 and
has invested around $120 million in the project.
EU and US agree to speed up steel
trade discussions, Sefcovic says
Sefcovic also met with Secretary
Bessent and discussed cooperation on energy security. The two officials talked
about disruptions in the supply of fertilizers and the alarming situation in
Africa. On critical minerals, Sefcovic said he suggested looking at several
pilot projects to work on coordination. He said he expected to propose a couple
of pilot projects on critical minerals very quickly.
MSC
Euribia completes first Suez Canal transit as cruise traffic resumes
Recent upgrade
include the Southern Sector Development Project, which expanded Parts of the
canal by 40 meters and extended double-lane sections by 10 kilometers in the
Bitter Lakes area.
The
authority reported that 45 vessels transited the canal on the same day, with a
total net tonnage of 1.7 million tons, highlighting continued traffic flow
despite regional challenges.
Iran proposes reopening Strait of Hormuz in
exchange for end to U.S. blockade
Maersk updates emergency contingency surcharge
for India-Latin America trade
/// Air Cargo News ///
US carriers see mixed Q1 for cargo as
United adds ‘disruption fee’
US carriers
have reported mixed results for the first quarter of 2026 as market conditions
remain challenging amid the continued conflict in the Middle East.
Air cargo
revenue dropped 1.6% for United Cargo in the first quarter of this year. The
airline’s cargo revenue totalled $422m, down from $429m in the first quarter of
2025.
United
transported over 322m pounds of cargo, including nearly 9m pounds of medical
shipments and 257,000 pounds of military shipments during the quarter.
The airline
is also taking measures to tackle rising jet fuel prices. On 18 April, United
announced it would implement a “Market Disruption Fee” on freight shipments for
airway bills (AWB) issued on or after 1 May. The fee is applicable based on the
chargeable weight of the shipment.
The airline
said: “The Market Disruption Fee reflects United Cargo’s increased cost of
doing business globally. United Cargo faces the challenge of rising costs
imposed on us by our suppliers, partners, and by the market.”
United
added: “United Cargo will continue to evaluate conditions closely and
communicate any adjustments to this fee as conditions evolve.”
Meanwhile,
at American Airlines cargo operating revenues climbed 12.9% to $214m and cargo
ton miles rose 9%.
Delta also
fared well in the first quarter with a 9% rise in cargo operating revenue to
$226m.
Global
airfreight tonnage in March dropped 4% year on year as the war in the Middle
East continued, shows the latest WorldACD data.
Xeneta has
also warned that air cargo demand may be dampened if fuel prices continue to
rise.
Cargo carriers return to Venezuela
Airlines
have been busy adding cargo operations to Venezuela following the lifting of US
sanctions on the country.
According to
data provider and consultant Rotate, total international cargo capacity heading
to the country over the past seven days has increased by around 40% year on
year.
Rotate
figures also show that widebody cargo capacity is up 479% year on year, while
narrowbody capacity is down 38% as larger carriers move into the market.
The top
three providers of capacity have also changed over the past year. In 2025, the
top three airlines were Uniworld Air Cargo, AeroSucre and Conviasa.
This year,
the top three are DHL, Avianca and Amerijet and Cargojet in joint third place.
The first
carrier to announce
it had added freighter services to the country was Avianca, which on 7
March added an Airbus A330F operation to the country, offering a capacity of
around 60 tons per flight.
The service
operates between Bogota in its home nation of Colombia and Caracas in
Venezuela. The carrier also offers passenger operations to the country.
Diogo Elías,
chief executive of Avianca Cargo, said: “With this new freighter operation
between Colombia and Venezuela, Avianca Cargo is strengthening logistics flows
between the two countries and expanding air cargo transport options across the
region.
“The first
direct [all-cargo] operation between Bogota and Caracas will operate with a
weekly frequency, with plans to gradually increase capacity in line with market
demand.”
FedEx MD-11Fs ready for service in May
FedEx has
reportedly confirmed its MD-11 freighters are ready to return to service next
month to end a six-month period on the ground.
The express
giant’s MD-11F fleet has been grounded since the fatal crash of a UPS MD-11F on 4 November last year
that subsequently saw the US Federal Aviation Administration (FAA) issue
an Emergency Airworthiness Directive (AD) that ordered owners and
operators of MD-11 freighters to inspect their aircraft for faults.
Now,
according to Cargo
Facts, Richard Smith, chief operating officer of FedEx has said of the
MD-11Fs: “They’re ready to go.”
Smith
commented on the return to service of its MD-11Fs during a recent presentation
at the New York-based Wings Club, a global society of aviation professionals.
In January,
FedEx told Air Cargo News in a statement that it had been
working with Boeing and the FAA to return
the aircraft to service in its fourth quarter, which ends 31 May.
According to
Planespotters, FedEx has 29 MD-11Fs in its fleet. These are all currently
parked. Most of these freighters are over 30 year old, and the oldest is 36
years old.
The
integrator’s decision to return the MD-11Fs to service may come as a surprise
to some in the industry, due to their age.
In contrast
to FedEx, UPS retired all its MD-11Fs in the fourth quarter of 2025
and said it will replace these aircraft with Boeing 767Fs.
In addition
to UPS and FedEx, Western Global Airlines also operated 15 MD-11Fs. All of
these are currently parked, data from Planespotters shows.
While the
grounding of the MD-11F fleet initially sparked concern about global cargo
capacity, MD-11Fs have been largely operated on domestic routes and, therefore,
removing them from service has not had a major impact on international
cargo capacity levels.
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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