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 06,
2026
Today’s
Exchange Rates
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CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
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94.95 |
0.850006 |
0.887271 |
95.71 |
95.80 |
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1.1547 |
-0.0064 |
-0.551201 |
1.161 |
1.1611 |
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127.837 |
-0.869499 |
-0.675567 |
128.5369 |
128.7065 |
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110.5003 |
-0.859001 |
-0.771378 |
111.19 |
111.3593 |
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160.272 |
0.251999 |
0.15748 |
160.02 |
160.02 |
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1.3374 |
-0.005 |
-0.372467 |
1.3424 |
1.3424 |
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0.5935 |
-0.0059 |
-0.984312 |
0.5986 |
0.5994 |
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/// Sea Cargo News ///
MSC brings
back Transpacific Pearl service
MSC Mediterranean Shipping Company is
reintroducing its Trans-Pacific Pearl Service following signs of improving
market demand on the Asia-US trade lane.
The service was previously withdrawn in
mid-2025 but is scheduled to return later this month, marking MSC’s renewed
capacity deployment on the transpacific corridor.
According to current plans, the carrier has
assigned vessels averaging around 6,200 TEU to the service.
The reinstated rotation will provide direct
connections between Shenzhen (Yantian), Xiamen and Long Beach before returning
to Shenzhen.
The return of the Trans-pacific Pearl service
reflects improving cargo demand conditions and continued adjustments by
carriers seeking to align network capacity with evolving market dynamics.
Jumbo expands heavylift fleet with newbuild brace in China
The Rotterdam-based owner has signed a
contract with Chinese manufacturer and shipbuilder Dajin Heavy Industry for two
25,000 dwt heavylift vessels worth approximately
$156m.
The ships are scheduled for delivery in 2028
and 2029 and will be designed to serve offshore wind, heavy industrial
transport and deepsea engineering projects.
According to Dajin Heavy Industry, the
vessels will feature two 1,200-tonne heavylift cranes, providing a combined
tandem lifting capacity of up to 2,400 tonnes.
The ships will be built to DNV class
standards and incorporate green and smart shipping technologies aimed at
improving operational efficiency and environmental performance.
Jumbo’s shipping activities are conducted
through the JSI Alliance, its commercial partnership with German operator SAL
Heavy Lift established in 2021. The alliance expanded further in 2024 when
US-based Inter-marine joined the platform, creating a combined fleet of more
than 50 vessels serving project cargo, energy, industrial and infrastructure
markets.
The latest order follows an earlier fleet
renewal programme launched by Jumbo and SAL Heavy Lift in 2022 through the Orca
Class project. Under that programme, SAL Heavy Lift signed contracts at China’s
Wuhu Shipyard for four firm 14,600 dwt heavy-lift vessels plus two options on
behalf of the alliance.
Once delivered, the ships will join one of
the world’s largest specialised fleets, giving the JSI Alliance additional
capacity to compete for increasingly complex project logistics assignments
across the global energy and infrastructure sectors.
TS Lines founder hands
reins to son in family succession move
Taiwanese container carrier TS Lines is set
for a generational leadership transition, with founder and chairman Chen
Te-sheng stepping down and handing control of the company to his son, Chen
Shao-hsiang.
The 74-year-old founder will retire on June 1
as part of a long-planned succession process, while remaining involved in a
senior advisory capacity.
Chen Te-sheng founded TS Lines in 2001 after
leaving Taiwanese carrier Wan Hai Lines, where he had spent nearly two
decades in senior management roles. Under his leadership, TS Lines evolved from
a small intra-Asia operator using chartered feeder tonnage into one of the
world’s top 20 liner companies.
The company expanded aggressively during the
covid-era shipping boom, growing its owned fleet, ordering newbuildings and
broadening its geographic reach beyond Asia into markets including the Middle
East, South America and transpacific trades.
TS Lines listed on the Hong Kong Stock
Exchange in late 2024, raising around $128m through its IPO.
Adani
Green Energy Ltd (AGEL), India’s largest renewable energy company, has
commissioned a cumulative 3.37 Gigawatt-hour (GWh) Battery Energy Storage
System (BESS), the world’s largest single-location battery storage deployment
outside China and among the fastest executed globally.
The
deployment includes the 1.37 GWh** capacity commissioned in March 2026, taking
AGEL’s total operational BESS capacity at Khavda, Gujarat to 3.37 GWh. The
project was delivered within just 10 months of commencement of on-site
construction, marking one of the fastest utility-scale battery storage
deployments globally.
The
commissioning marks a major milestone in strengthening grid reliability,
peak-hour supply and enabling renewable energy to deliver dependable,
round-the-clock power at scale. AGEL plans to add over 10 GWh of battery
storage capacity in FY27 and scale this to 50 GWh over the next five years.
AGEL’s
3.37 GWh BESS can store enough clean energy to power nearly one million homes
for an entire day, supporting peak electricity demand of cities like Indore,
Chandigarh or the entire state of Goa.
It
can also power more than 12 million LED bulbs continuously for ten hours. This
would be a game changer as battery storage will help keep renewable heavy grids
stable and deliver green power round-the-clock.
Mr
Sagar Adani, Executive Director, AGEL, said, “Large-scale energy storage
will play a defining role in the next phase of India’s clean energy transition.
As renewable energy capacity scales rapidly, storage infrastructure becomes
critical for delivering reliable, round-the-clock clean power.
With
the commissioning of the 3.37 GWh BESS at Khavda, AGEL is strengthening the
foundation for resilient, dispatchable and flexible energy systems. Our
investments in battery storage reflect a long-term commitment to building
future-ready clean energy infrastructure at global scale.”
HJSC Q1 operating profit jumps
347% on strong shipbuilding growth
HJ Shipbuilding & Construction reported a sharp increase in first quarter earnings as revenue from high-value vessel construction boosted profitability.
The company posted consolidated revenue of
KRW 541.4 Billion in the first quarter, up 32% year-on-year. Operating profit
surged 347% to KRW 24.6 Billion, compared with KRW 5.5 Billion in the same
period last year. Net profit also climbed 355% to KRW 25.5 Billion.
HJSC said the strong performance was mainly
driven by its shipbuilding division, where construction of eco-friendly and
high value added containerships contributed significantly to revenue growth.
Shipbuilding revenue increased 70% year-on-year to KRW 268.6 Billion.
The construction division also remained
profitable despite higher raw material prices and rising labour costs. HJSC
said its focus on eco-friendly vessels, selective order intake and improved
cost management supported profitability during the quarter.
The company plans to continue its “quality
growth” strategy through high-margin shipbuilding and infrastructure projects.
Its current orderbook includes advanced naval
patrol vessels, a chemical response vessel for the Korea Coast Guard, US Navy
MRO projects and four 10,100 TEU containerships secured earlier this year.
“As the share of revenue from high-margin
projects centered on eco-friendly and
high-value added vessels continues to grow, operating profit increased
significantly,” an HJSC official said.
TVL Marine joins container shipping newcomer league
Taiwan based freight forwarder and technical
ship manager TVL Marine will enter the container shipping business in June,
with the opening of its Hong Kong office this month.
The TVL group’s origins go back to 1972, when
Trans Van Links Express Corp. was incorporated in Taiwan.
CMA CGM
appoints Amelie Humphrey as General Manager in China
CMA CGM has appointed Amelie Humphreys as General Manager of CMA CGM China.
Based in Shanghai, Humphreys will oversee the
continued development of the Group’s activities in the Chinese market.
She joined CMA CGM in Spain in 2012 and has
held several leadership positions within the company. Her previous roles
included Vice President Sales in Marseille and Regional Director for Latin
America.
Most recently, Humphreys served as General
Manager of the Vietnam cluster. She succeeds Esra Bora, who was recently
appointed to lead ANL Container Line Pty Ltd and CMA CGM Oceania Agencies.
CMA CGM said Humphreys will begin
transitioning into the new role from June 01, 2026. We wish her success in her new assignment.
/// Air Cargo News ///
Globe Air Cargo aims to strengthen
Nippon Cargo Airlines’ position in French market
ECS
Group’s Globe Air Cargo (GAC) France is working as a single point of sale for
Nippon Cargo Airlines (NCA) in the French market, following NCA’s acquisition
by All Nippon Airways (ANA) and alongside continued efforts to join the
networks of the two airlines together.
GAC
France is working closely with both ANA and NCA to promote and strengthen NCA’s
position in the French market.
Alongside
handling sales, GAC France aims to ensure optimum load factors and digitally
enhanced commercial processes, the company said.
“GAC
France is at the forefront of this historic cargo integration and will actively
contribute towards optimising NCA’s capacity and network usage,” said Jean
Ceccaldi, chief executive of ECS Group.
“Its
objectives for the next 6–12 months are clear: strengthen NCA’s market position
and share by increasing its visibility; and expanding and consolidating key
accounts, focusing both on existing partners and targeting potential customers.
“What
makes the partnership particularly interesting, is the group’s combination of
freighters and passenger flights serving France. This integration of services
means a broader offer for customers in terms of products, capacity, and
destinations – and all from a single team interface.”
GAC
France already has an established, centralised ANA Cargo team that coordinates
all operations and customer follow-ups. Key verticals include aerospace,
pharma, automotive, and high-tech.
Through
the integration of NCA’s customer segments, those verticals will also include
oversize cargo, CAO and other high-value or specialised commodities.
Franck
Tordjman, managing director of Globe Air Cargo France, said: “By combining GAC
France’s local market expertise with NCA’s strong network and product offering,
we can create new opportunities for our customers while delivering greater
visibility, efficiency and added value across key verticals.”
“The
larger the network and greater the product scope, the more important it is to
ensure maximum process efficiency,” added Ceccaldi. “And that can only be
achieved through digitalisation, which is standard throughout ECS Group.
“From
real-time capacity access through the CargoAi booking platform, to immediate
quote-to-booking functions, to optimum capacity usage thanks to SkyPallet, NCA
will benefit from GAC France’s experience in combining innovation with in-depth
market knowledge.”
ANA
Holdings completed the
takeover of
freighter operator Nippon Cargo Airlines (NCA) from logistics group NYK in
August last year .
Since
late last year, ANA and NCA have been integrating their
cargo networks to
avoid duplication and have launched a codeshare agreement to provide access to
capacity on their respective aircraft.
ANA
Holdings confirmed in March it would ramp up the merger of
sales and warehousing operations of NCA and its ANA Cargo business in
order to strengthen the competitiveness of its cargo business.
The
integration will begin on 1 April and will see the NCA and ANA Cargo sales
structure outside of Japan merged so that customers will have a single point of
contact across the network, regardless of the carrier.
FedEx expands European road hub to
support airfreight
FedEx
will expand its road hub in Duiven, Netherlands to support
its truck–fly–truck network.
FedEx
is investing €46m ($54.1m) in the procurement and development of a neighbouring
facility to the existing Duiven facility, increasing capacity at the road hub
and further improving operational efficiency across the European road network.
“The
Duiven hub is one of the largest and most technologically advanced FedEx road
hubs within the European Road Network,” said Safia Ladhari, managing director,
network operations at FedEx.
“As
it’s strategically located and fully connected to every other FedEx road hub
across the continent, it plays a central role in delivering our European
service offering.”
The
Duiven road investment also aims to support FedEx’s integrated truck-fly-truck
network.
A
key FedEx priority is growth in the premium airfreight segment, estimated at
approximately €19bn ($22bn), where FedEx currently holds a 12% market share.
“Our
European road network plays a vital role in supporting this ambition,” Ladhari
added.
“It
enables us to move intercontinental airfreight shipments efficiently across
Europe by road, complementing our air operations.
“This
integrated truck–fly–truck model is a defining element of our very competitive
freight services and offers customers a highly reliable and cost-efficient
solution.”
As
part of the Duiven expansion, palletised freight handling capacity will
increase by more than 50%. The new facility will also add 65 dock doors,
bringing the total to 265 dock doors on site.
The
additional capacity will allow more freight shipments to be delivered directly
from customers to the hub, reducing reliance on first- and last-mile locations.
This
will help relieve pressure across the network and further enhance service
reliability, particularly during peak periods.
The
first phase of the expansion will focus on the initial requirements to operate
the facility. Subsequent phases will focus on further operational
optimisations, including improved connectivity between the new and current
buildings and additional efficiency enhancements.
“Over
the past year, the Duiven facility has seen strong growth in parcel and freight
volumes, particularly during peak periods such as the year-end season,” Ladhari
concluded.
“This
expansion ensures we are well-positioned to support our customers through
continued growth.”
FedEx
recently said it isn’t threatened by
Amazon’s move to
expand its third-party logistics offering with the launch of Amazon Supply
Chain Services.
North America Airfreight Expansion Announced by UPS
UPS
has announced an expansion of its airfreight network across North America and
Mexico as part of efforts to strengthen regional cargo connectivity and support
growing cross-border trade demand.
The
expanded network is expected to improve transit times, increase cargo capacity,
and enhance service reliability for shipments moving between key markets in the
United States, Canada, and Mexico.
UPS
said the move is aimed at supporting customers requiring faster and more
flexible transportation solutions for sectors including automotive, healthcare,
industrial manufacturing, retail, e-commerce, and technology.
Industry
analysts noted that rising nearshoring activity and stronger manufacturing
integration across North America are driving increased demand for efficient
regional air cargo and logistics services.
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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