JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News
Letter for Monday July 27, 2026
Today’s Exchange Rates
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CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
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96.56 |
0.020004 |
0.020713 |
96.64 |
96.58 |
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|
1.1365 |
-0.0012 |
-0.105473 |
1.1377 |
1.1377 |
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|
128.6018 |
-0.520096 |
-0.402794 |
128.6453 |
129.1219 |
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|
|
109.9707 |
-0.2341 |
-0.212423 |
109.9707 |
110.2048 |
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|
|
163.791 |
-0.069 |
-0.042109 |
163.86 |
163.86 |
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|
|
1.3319 |
0.0004 |
0.030037 |
1.3315 |
1.3315 |
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|
0.5899 |
0.0005 |
0.084836 |
0.5893 |
0.5894 |
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/// Sea Cargo News ///
APEDA Facilitates First Export of Frozen French Fries from Uttarakhand to Iraq
In a significant boost to India's value-added agricultural exports, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, has facilitated the first export of 24 metric tonnes of frozen French fries from Kashipur in Uttarakhand's Udham Singh Nagar district to Iraq.
The consignment, exported by Virun Global Trade Pvt. Ltd., marks an important milestone in promoting processed food exports from Uttarakhand while strengthening India's growing presence in the global processed food market.
India Invites Bids for UK Vehicle Import Quotas Under CETA
The Indian government has invited applications from eligible importers for tariff-rate quotas (TRQs) covering imports of passenger vehicles from the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA), marking another step toward implementing the recently concluded trade pact.
The
Directorate General of Foreign Trade (DGFT) has issued the application process
for allocating import quotas that will allow eligible vehicles from the UK to
enter India at concessional customs duty rates, subject to the terms and annual
quota limits specified under the agreement.
The quota
mechanism is designed to ensure transparent and equitable allocation among
importers while facilitating phased market access for British automobile
manufacturers. Importers will be required to meet prescribed eligibility
criteria and comply with documentation and regulatory requirements outlined by
the DGFT.
The India-UK
CETA aims to deepen bilateral trade and investment by reducing tariffs across a
wide range of goods and improving market access for business in both countries.
The vehicle
quota system is one of the key provisions of the agreement, balancing greater
consumer choice with safeguards for India’s domestic automotive industry.
Industry
stakeholders expect the concessional import regime to benefit premium and
luxury vehicle brands manufactured in the UK while encouraging greater trade
and investment between the two countries. The move is also expected to provide
Indian consumers with wider access to UK built vehicles under a structured and
regulated import framework.
China and India Lead
Global Drop in LNG Imports
China and India recorded the largest decline in liquefied natural gas (LNG) imports in 2025, reflecting weaker demand, higher inventories, and changing energy market dynamics that have weighed on global LNG trade.
According to
industry data, both countries reduced LNG purchases amid softer industrial
activity, increased domestic energy production, and greater reliance on
alternative fuel sources. The decline in imports has contributed significantly
to the slowdown in global LNG demand during the year.
In China,
lower gas consumption by industry and adequate domestic supply helped curb
import requirements, while in India, higher price sensitivity among buyers and
increased availability of alternative fuels led to reduced LNG procurement.
Seasonal demand fluctuations and inventory management also influenced
purchasing decisions in both markets.
The slowdown
in imports by the world’s two largest LNG-consuming economies has eased
pressure on global LNG supply, contributing to improved cargo availability for
other importing regions. Analysts note that the shift has also spot LNG prices
and prompted exporters to explore alternative markets.
Despite the
decline, industry observers expect LNG demand in China and India to recover
over the medium and long term, supported by economic growth, industrial
expansion and ongoing efforts to transition toward cleaner energy sources.
Market participants will continue to monitor demand trends, pricing and policy
developments that could influence import volumes.
Somali Pirates Seize
Tanker off Yemen Coast
A tanker has reportedly been seized by suspected Somali pirates off the coast of Yemen, with the vessel believed to have been diverted towards Puntland, raising fresh concerns over maritime security in the Gulf of Aden and the wider western Indian Ocean.
According to
initial reports, armed pirates boarded and took control of the tanker while it
was transiting waters near Yemen. The vessel was subsequently steered towards
the Somali coast, where authorities and international maritime security
agencies are closely monitoring the situation.
The incident
marks another reminder of the persistent piracy threat in the region, despite
years of coordinated naval patrols and enhanced security measures that had
significantly reduced attacks.
Shipping
companies operating through the Gulf of Aden and the Red Sea have been advised
to maintain heightened vigilance and adhere to established best management
practices for transiting high-risk areas.
The
hijacking comes at a time when merchant shipping is already facing elevated
security challenges in nearby waters due to regional geopolitical tensions,
forcing many operators to reassess voyage planning and risk management
strategies.
Maritime
security experts warn that any resurgence of Somali piracy could increase
insurance premiums, operational costs and transit risks for vessels using one
of the world’s busiest shipping corridors. Authorities are continuing efforts
to verify the vessel’s status, ensure the safety of its crew and co-ordinate an
appropriate response with regional and international partners.
Andhra to
move cargo ops from Vizag to Mulapeta Port
The state government is planning to shift dusty bulk cargo operations from Vizag Port to the upcoming Mulapeta Greenfield Port located in Srikakulam district in phases, said BC Janardhan Reddy, Minister for Investments and Infrastructure, Govt of Andhra Pradesh, announced.
A Group of
Ministers will now examine the proposals before submitting recommendations for
Cabinet approval. The plan involves relocating commodities like coal and
minerals away from the city, easing congestion at Vizag Port, helping improve
vessel turnaround times, and reducing demurrage costs.
The proposal
aims to reduce urban air pollution in the city, while improving cargo handling
and supporting the new port’s commercial viability. Also, Visakhapatnam Port
Authority has proposed to acquire a 50 per cent stake in the Mulapeta Port SPV.
PIL's First 13,000 TEU
LNG Dual-Fuel Vessel Kota Elok Makes Maiden Singapore Call
Pacific International Lines (PIL) has marked a significant milestone in its fleet renewal programme with the maiden call of its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, at the Port of Singapore on July 15.
To
commemorate the vessel's inaugural arrival, PSA Singapore presented a
commemorative plaque to Capt. Kan Liang, Master of Kota Elok, during a ceremony
held onboard the vessel.
The maiden
voyage also marked another industry first for PIL, as Kota Elok became the
company's first vessel to receive Lloyd's Register certification for compliance
with the International Association of Classification Societies (IACS) Unified
Requirements (UR) E26 and UR E27 for cyber security.
The newly
introduced IACS cyber resilience standards, mandatory for all newbuild vessels
contracted form July 1, 2024 are designed to strengthen cyber security across
the maritime industry. While UR E26 focuses on ensuring the cyber resilience of
the ship as a whole, UR E27 required onboard systems and equipment to be
designed with built-in-cyber security protections from the outset.
/// Air Cargo News ///
Air India Cargo marks first overseas export from Navi Mumbai Airport
Air India Cargo has transported the first international export shipment from Navi Mumbai International Airport, marking the start of overseas cargo operations from the new gateway, Ramesh Mamidala, Head of Cargo, Air India, announced.
The
inaugural 1.79-tonne consignment of guavas from Maharashtra’s Konkan region and
Drumstick Moringa was flown to Abu Dhabi aboard an Air India Express flight.
The
new Navi Mumbai–Abu Dhabi service offers around 2.5 tonnes of belly-hold cargo
capacity per flight and is expected to handle nearly 25 tonnes of cargo every
month through thrice-weekly operations.
The
route is designed to support exports of perishables and other time-sensitive
commodities from western India to the UAE and the wider Gulf market.
Backed
by temperature-controlled handling facilities and specialised cold-chain
equipment, the service is expected to strengthen agricultural exports, improve
market access for growers and exporters, and reinforce Navi Mumbai’s role as an
emerging international air cargo gateway.
Turkish Cargo expands SMARTIST hub with
more capacity
Turkish Cargo has selected Lödige Industries to automate the second phase of its SMARTIST cargo hub at Istanbul Airport, a project that will double the facility’s annual handling capacity from 2–4.5 million tonnes, said Murat Yalçın Kirca, Cargo Operations (Global), Vice President, Turkish Cargo.
Building
on the automated systems installed during the first phase in 2021, SMARTIST 2.0
will integrate next-gen digital technologies across 370,000 sqm cargo complex.
The upgraded facility will feature automated storage and retrieval systems for
ULDs and in-house pallets, enabling faster cargo processing, and improved
operational flow.
The
expansion is aimed at accommodating rising volumes, while improving handling
efficiency through advanced automation. It is likely to strengthen Istanbul’s
position as a global air cargo gateway, while supporting Turkish Cargo’s
long-term network growth.
HKAC to launch new charter service in
August
Hong Kong Air Cargo (HKAC) will begin charter cargo flights between Hong Kong International Airport and Navi Mumbai International Airport from 10 August, marking its entry into India’s newest global cargo gateway, according to a company statement.
The
service will operate weekly, with flights departing Hong Kong on Mondays and
return from NMIA on the same day. The launch follows the airline’s appointment
of Aeroprime as its general sales and service agent (GSSA) in India as part of
its expansion strategy in the country’s air cargo market.
The
Navi Mumbai service adds to HKAC’s growing international network. It is
expected to strengthen cargo linkage between East Asia and western India, while
supporting growing trade flows between the two markets.
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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