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  June  27,  2026

Today’s Exchange Rates

CURRENCY▲	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE
USD/INR	94.4	0.269997	0.285198	94.30	94.67
EUR/USD	1.1346	-0.0012	0.105649	1.1358	1.1358
GBP/INR	124.4678	0.262703	0.210616	124.2858	124.7305
EUR/INR	107.259	0.166496	0.154988	107.1892	107.4255
USD/JPY	161.874	0.093994	0.0581	161.78	161.78
GBP/USD	1.3168	0.00	0.00	1.3168	1.3168
JPY/INR	0.5835	-0.0021	0.358605	0.5852	0.5856

///                   Sea Cargo News            ///

Petronet LNG’s Vessel DISHA Delivers 62,000 MT LNG at Dahej, Marks First Indian LNG Transit Through Reopened Strait of Hormuz

India’s leading LNG importer, Petronet LNG Limited (PLL), achieved a significant milestone in the nation’s energy supply chain as its time-chartered LNG carrier DISHA berthed at the Dahej LNG Terminal at 8:54 a.m. on Friday, carrying a cargo of 62,000 metric tonnes of liquefied natural gas (LNG).

The arrival of the vessel underscores Petronet LNG’s continued commitment to ensuring uninterrupted energy supplies and strengthening India’s energy security amid challenging global conditions.

The voyage is particularly noteworthy as DISHA became the first Indian LNG carrier to transit the Strait of Hormuz after the strategic waterway was reopened.

The vessel had been stranded in the region since March 2, 2026, owing to the ongoing conflict in the Middle East, which had disrupted maritime movements and raised concerns over the continuity of energy supplies.

Despite the operational challenges posed by the regional situation, the successful completion of the voyage highlights the resilience of India’s LNG supply chain and the coordinated efforts of all stakeholders involved in the transportation and delivery of critical energy cargo.

The LNG cargo delivered at Dahej will support domestic energy demand and contribute to the country’s growing reliance of cleaner fuels. As India’s largest LNG importer, Petronet LNG plays a pivotal role in securing reliable natural gas supplies, supporting industrial growth, power generation and the nation’s transition toward a cleaner and more sustainable energy future.

The successful arrival of DISHA reinforces the strategic importance of LNG in India’s energy mix and demonstrates the sector’s ability to navigate complex geopolitical and logistical challenges while maintaining supply continuity.

Grimaldi’s Grande Torino exits Persian Gulf

Grimaldi Group has confirmed that its Pure Car & Truck Carrier (PCTC) Grande Torino has safely transited the Strait of Hormuz after spending more than 100 days stranded in the Persian Gulf due to regional tensions.

The Italian flagged vessel departed the Gulf after receiving authorization from the Iranian Ministry of Foreign Affairs and is now sailing across the Indian Ocean toward China, where it will be redeployed on Grimaldi’s Far East-Europe service network.

The Grand Torino, carrying a crew of 21 seafarers – three Italians and 18 Filipinos – was unable to leave the region after arriving in the Persian Gulf to discharge new vehicles from the Far East shortly before hostilities escalated at the end of February.

For more than three months, the vessel remained at anchor between the coasts of the United Arab Emirates and Iran due to security concerns.

Grimaldi said the crew managed the prolonged stay with “extra ordinary professionalism” discipline and a strong sense of responsibility” despite the heightened security risks in one of the world’s most strategically important maritime corridors.

Emanuele Grimaldi, Managing Director of the Grimaldi Group, praised the crew’s performance.

According to the company, the vessel’s departure followed months of diplomatic engagement involving the Grimaldi Group, the Italian Ministry of Foreign Affairs and International Cooperation, led by Foreign Minister Antonio Tajani, and the Embassy of the Islamic Republic of Iran in Italy.

Grimaldi also thanked the diplomatic missions and institutions involved in securing the vessel’s departure, expressing particular appreciation to Minister Antonio Tajani and Iranian Ambassador Mohammed Reza Sabouri for their role in achieving a positive resolution.

Sea – Intelligence : Transpacific : Ripe for new non-alliance services

In issue of 769 of the Sea Intelligence Sunday Spotlight, the Sea Intelligence analysed the relationship between container spot rates and the share of Asia-North America West Coast (NAWC) container vessel capacity operated by non alliance container carriers.

It is a widely held industry perception that high Asia-NAWC spot rates often result in an influx of smaller niche carriers, while low spot rates lead to their withdrawal from the market. The recent strong increases in spot rates imply that we are about to see a new flurry of non-alliance services launched on Asia – North America West Coast.

To test this hypothesis, we examined the correlation between spot rate changed and the share of container vessel capacity offered on non-alliance liner services. Because spot rates changes take time to translate into the operational execution of a new service, Sea-Intelligence tested the correlation with lead times ranging from 0-26 weeks. Utilising a 4-week rolling average, the data reveals a strong correlation of 83% with a 15 week lag time.

Figure 1 illustrates the actual development of the non alliance capacity share versus a calculated model of capacity share, which predicts non-alliance capacity based purely on spot rates.

Overall, the model tracks quite well with actual market developments. In the most recent period, the actual non-alliance capacity share has been tracking slightly below the modeeled level, remaining roughly 5% lower, since the new alliance structures launched in early 2025.

Furthermore, the model shows a large spike approaching September 2026. If spot rates remain elevated and the link between spot rates and non alliance share holds true, we should expect announcements of new Asia-NAWC services from either non-alliance carriers or alliance carriers launching independent services outside the scope of their alliances. 

Maersk replaces ONE as vessel provider on Adriatic service

Maersk will replace Ocean Network Express (ONE) as a vessel provider on the jointly operated Adriatic Service (AD1), which is operated together with Admiral Feeders.

Following the change, Maersk will market the service as Adriatic Sea, while ONE will remain in the partnership as a slot charterer with limited port coverage.

The service rotation has also been revised, with Haifa and Ashdod replacing Aliaga and Piraeus.

The updated rotation will be : Koper, Venice, Ancona, Haifa, Ashdod, Damietta and back to Koper.

Under the new arrangement, ONE’s slot agreement will not include the Haifa and Ashdod calls.

Emarat Maritime enters container market

Emarat Maritime is entering the containership sector after placing an order for up to six 930 TEU vessels at GUangji Xinneng Shipbuilding, China.

The agreement includes three firm orders and options for an additional three vessels.

The confirmed new buildings are scheduled for delivery in 2028.

The order marks Emarat Maritime’s entry into the container shipping market, expanding its presence beyond its existing shipping activities.

Panama Canal carries out Gatun Locks maintenance without disrupting transits

The Panama Canal is carrying out scheduled maintenance on one of the Gatun Locks chambers as part of its long-term infrastructure maintenance programme.

The work involves a dry chamber operation, which temporarily removes water from a lock chamber. This allows engineers to inspect, assess and maintain structures and equipment that normally remain underwater.

The maintenance is taking place from 8 to 17 June on gates 33 and 34 of the upper chamber in the east lane of the Gatun Locks.

The Canal Authority said the work focuses on detecting and repairing leaks, reducing water losses and ensuring the optimal performance of the locks water flow systems. Engineers are also inspecting corrosion protection systems that help extend the service life of equipment operating in fresh water, brackish and marine environments.

The Panama Canal said the maintenance has been carefully planned to avoid disrupting vessel traffic. Ship transits continue as normal throughout the nine-day operation.

The dry chamber forms part of the Canal’s broader asset management strategy. The authority invests more than B/.500 million annually in maintaining and upgrading its infrastructure, equipment, fleet and facilities.

The canal said its maintenance programme has supported the safe and efficient operation of the waterway for more than a century. The strategy combines continuous inspections, technical planning and scheduled upgrades while keeping the waterway fully operational.

Dry chamber operations remain one of the Canal’s most important maintenance tools. They allow engineers to assess the condition of critical infrastructure and ensure the locks continue to operate safely, efficiently and reliably.

AD Ports Group launches Iraq-UAE logistics service via Khalifa Port

AD Ports Group has launched an integrated logistics service linking Khalifa Port in the UAE with Umm Qasr Port in Iraq, expanding regional trade connectivity across the Middle East.

The new service includes a weekly direct shipping connection for container and Ro-Ro cargo between the two ports. It is designed to support growing cargo volumes while improving trade flows between Lebanon, Syria, Jordan, the UAE, the wider GCC, Turkiye and Europe.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said the new service strengthens regional connectivity by providing diversified trade corridors and integrated logistics solutions that improve supply chain efficiency and market access.

To support the service, AD Ports Group has established logistics capabilities at both Khalifa Port and Umm Qasr Port, enabling efficient cargo storage, handling and transportation. The company said the investment will improve operational perform-ance and enhance long-term supply chain resilience across the region.

///                   Air Cargo News            ///

Bangladesh Invites Private Air Cargo Players to Boost Logistics Capacity

Bangladesh has opened opportunities for private air cargo operators as part of efforts to strengthen the country’s logistics infrastructure and improve freight handling capacity. The move aims to increase competition in the air freight sector, enhance cargo connectivity, and support growing trade and export activities.

Private participation is expected to bring additional investment, improved services, and more efficient cargo operations. Authorities are focusing on expanding air logistics capabilities to meet rising demand from key industries, including garments, pharmaceuticals, perishables, and e-commerce.

The initiative is also expected to improve Bangladesh’s position as a regional trade and logistics hub by creating a more flexible and competitive air cargo ecosystem.

Narita Airport cargo throughput extends growth streak in May

Narita International Airport handled 175,506 tons of International air cargo in May, an 8.8% increase year on year, marking its 26th consecutive month of growth, according to Tokyo Customs.

Outbound cargo totalled 83,179 tons, up 11.6% from a year earlier. Export cargo increased by 11.7% to 49,328 Tons, extending its growth streak to seven consecutive months. Temporarily landed outbound cargo rose 11.3% to 33,851 tons.

Inbound cargo reached 92,327 tons, up 6.4% year-on-year, marking a second consecutive month of growth. Imports climbed 3.5% to 56,328 tons, extending their growth streak to eight months. Temporarily landed inbound cargo increased 11.3% to 35,999 tons.

 

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.