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

 

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

 

 

Corporate News Letter for  Thursday  May 07,  2026

Today’s Exchange Rates

CURRENCY▲	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE
USD/INR	94.59	0.700005	0.734604	95.03	95.29
EUR/USD	1.1767	0.0074	0.63286	1.1693	1.1693
GBP/INR	128.8863	-0.180496	-0.139847	128.9398	129.0668
EUR/INR	111.3055	-0.115601	-0.103751	111.3784	111.4211
USD/JPY	156.076	-1.804001	-1.14264	157.88	157.88
GBP/USD	1.3623	0.0082	0.605572	1.3541	1.3541
JPY/INR	0.6065	0.0024	0.397292	0.6036	0.6041

///                   Sea Cargo News            ///

AD Ports, CMA CGM expand inland logistics network across UAE

AD Ports Group has signed a Memorandum of Understanding (MOU) with CMA CGM Group and CMA Terminals Khalifa Port to expand inland logistics connectivity and strengthen cargo flows across the UAE and the wider region.

Extending reach beyond the port : The agreement focuses on integrating maritime and inland logistics by leveraging AD Port’s rail-linked intermodal network, including :

   -*-  Inland Container Depots.

   -*-  Dry Ports

   -*-  Cargo distribution hubs

The initiative aims to extend the reach of Khalifa Port beyond the quay, connecting cargo directly to industrial zones, consumer markets and regional trade corridors.

Strengthening regional trade corridors – The partners will explore opportunities to :

() Improve cargo flows across the UAE and Northern Emirates.

() Enhance connectivity to Saudi Arabia and Oman via rail linked infrastructure

() Provide greater routing flexibility for Import and Export cargo.

The collaboration is designed to support more resilient and efficient supply chains, particularly for industrial and manufacturing sectors.

The initiative is aligned with national efforts to :

Improve inbound cargo access.

Strengthen export corridors.

Enhance long term supply chain competitiveness.

CMA CGM expands inland integration – Jesper Stenbak said the partnership will transform the role of the terminal :

“Thie collaboration strengthens CMA Terminals Khalifa Port’s role as an inland enabled gateway terminal”.

By Linking ocean services directly with inland networks, CMA CGM aims to deliver :

@ Faster cargo movement

@ Improved service reach

@ Greater operational efficiency.

Strategic role of Khalifa Port :  Open in 2024, CMA Terminals Khalifa Port is a joint venture

@ 70% owned by CMA CGM.

@ 30% owned by AD Ports Group

It is one of the key container terminals supporting Abu Dhabi’s ambition to become a regional logistics hub.

Outlook : The agreement reflects a broader shift toward integrated port-to-inland logistics models, where :

Rail Connectivity, Inland distribution hubs and Multimodal transport etc play a central role in improving supply chain resilience.

For AD Ports and CMA CGM, the partnership strengthens their ability to capture inland cargo flows and expand regional trade connectivity.

 

Hai An takes delivery of container vessel GREEN TIME

Hai An Green Shipping Lines has officially taken delivery of the container vessel M/V GREEN TIME, further expanding its fleet capacity and strengthening its long term fleet development strategy.

The delivery and acceptance protocol for the vessel, formerly named M/V Hammonia Baltica, was signed on May 05, 2026 between representatives of Hai An Green Shipping Lines and German Partner MS Baltica Oslo Schiffahrts Gmbh & Co. Kg.

At the same time, Hai An’s technical and operational teams completed the transfer of vessel management and operations at SEFINE Shipyard in Yalova, Turkey.

Following the completion of legal formalities, the vessel was officially transferred to the ownership of Hai An Green Shipping Lines and renamed M/V GREEN TIME.

The vessel has an overall length of 225.3 meters, a breadth of 29.8 meters and a draft of 11.4 meters. It features a deadweight capacity of 39,164 DWT and can carry up to 2,798 TEU, including 1,112 TEU under deck and 1,686 TEU on deck.

Built in 2011 at Nordic Yard in Germany, the vessel is equipped with a MAN B&W 7L70MC-C main engine with an output of 21,770 KW and a design speed of 22 knots. It is dual classed by Vietnam Register and Lloyd’s Register.

M/V GREEN TIME becomes the second vessel under Hai An Green Shipping Lines and the 20th vessel owned, managed and operated by the Hai An Group. With the addition, the company’s total fleet capacity increased to 33,100 TEU.

Following the delivery, the vessel will undergo scheduled maintenance and dry docking at SEFINE Shipyard before continuing operations under a time charter agreement with Maersk on the Mediterranean-West Africa trade route.

CMA CGM container ship hit in Strait of Hormuz, crew injured

CMA CGM said one of its container ships was attacked while transiting the Strait of Hormuz, injuring crew members and damaging the vessel amid escalating maritime tensions linked to the Middle East conflict.

According to Reuters, the vessel involved was the CMA CGM Antonio, which the company said was targeted on Tuesday while navigating the strategic waterway.

CMA CGM confirmed that injured crew members were evacuated and are receiving medical treatment, but declined to provide additional details about the incident.

Growing risks for commercial shipping – The attack is the latest disruption affecting commercial shipping in the Strait of Hormuz, where ongoing military tensions between the United States, Israel together on one side and Iran on the opposing side have severely impacted maritime traffic.

The conflict has :

Left hundreds of vessels stranded in the Gulf

Disrupted approximately 20% of global oil trade

Increased security risks for commercial carriers operating in the region

Reuters noted that CMA CGM previously reported warning shots fired at one of its vessels in the Strait last month, though no injuries were reported in that incident.

US pauses escort operation – The incident came shortly after the U.S. President Donald Trump announced a temporary pause to the U.S. naval escort operation in the Strait of Hormuz, citing what he described as “great progress” toward a broader agreement with Iran.

The U.S. operation had been launched to help guide stranded commercial vessels through the waterway during the crisis.

CMA CGM fleet affected by Gulf disruptions – CMA CGM, the world’s third largest container shipping line, previously said that 14 of its vessels had been stranded in the Gulf following the outbreak of the conflict earlier this year.

One vessel, the CMA CGM Kribi, reported exited the Strait of Hormuz in early April.

Rival takeover bid disrupts ZIM’s planned merger with Hapag Lloyd

A high stakes corporate battle has erupted over the future of Israel’s national shipping carrier, ZIM Integrated Shipping Services. Just days after ZIM shareholders voted overwhelmingly to approve a $4.2 Billion merger with German giant Hapag Lloyd, a rival Israeli investment group has submitted a superior counter-offer.

The $4.5 Billion “Sakal Bid” – An Israeli consortium led by businessman Dany Sakal has challenged the existing deal by submitting a $4.5 Billion all-cash offer. This bid represents a significant premium over Hapag-Lloyd’s $35 per share agreement.

Key components of the Sakal group’s proposal include :

-      National Sovereignty : A commitment to maintain ZIM’s head quarters and operational fleet under full Israeli control.

-      Employees Incentives : A proposed $250 million bonus pool specifically for ZIM’s workforce.

-      Labour Support : The ZIM worker’s committee has signalled its preference for the Israeli led bid to ensure long term job security under domestic ownership.

Shareholders vs. Strategic Interests :  On April 30, 2026, ZIM shareholders voted 97.36% in favour of the merger with Hapag Lloyd. Despite this overwhelming support, the deal remains subject to the approval of the State of Israel. The government holds a “Golder share”, which allows it to block any sale deemed contrary to national strategic interests.

Market and Future Outlooks :

·       Stock Surge – Shares of ZIM (NYSE:ZIM) jumped following reports of the rival takeover offer as investors anticipate a potential bidding war.

·       Board Position : ZIM’s board currently maintains that he Hapag Lloyd merger is the most prudent path to maximizing shareholder value.

·       Financial Results : The company is scheduled to release its Q1 2026 financial results on May 20, 2026.

The Israel government must now weigh the economic benefits of a global partnership against the strategic security of a locally owned merchant marine.

 

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.