JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News Letter for Tuesday July 21, 2026
Today’s
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/// Sea Cargo News ///
Port of
Los Angeles tops 1 million TEUs in records June
The Port of Los Angeles handled 1,002,734 TEUs in June, marking the busiest June in its 118-year history.
The result was 12% higher than a year
earlier. It was also only the third time the port has exceeded 1 million TEUs
in a single month. The Port of Los Angeles said no other port in the Western
Hemisphere has reached that milestone.
The strong performance was driven by import
demand. Retailers and manufacturers continued bringing cargo forward as they
responded to changing trade policies, higher fuel costs and ongoing supply
chain uncertainty.
“Crossing the 1 million container mark for
the third time and closing our fiscal year with more than 10.4 million TEUs are
remarkable accomplishments,” said Executive Director Gene Seroka. “We achieved
these results without vessel backlogs or cargo delays.”
Loaded imports reached 530,558 TEUs, up 13%
year on year. Loaded exports remained flat at 126,365 TEUs. Empty containers
increased 17% to 345,811 TEUs as equipment returned to Asia.
The port handled 5,122,603 TEUs during the
first half of 2026. That was 3% higher than the same period in 2025.
During the monthly media briefing, Seroka
said businesses continue to adjust their shipping schedules in response to
changing market conditions rather than following traditional seasonal patterns.
Europe dominates global container
fleet capacity
While Asia remains the undisputed engine of global manufacturing, port throughput, and shipbuilding, it is European carriers that control the actual vessels moving those goods. Consequently, Europe dominates the global container fleet capacity, holding over 55% of the market with only a handful of mega-operators. This concentration of vessel ownership reveals a stark reality. Specifically, while the physical goods originate in the East, the logistical strings are largely pulled from the West.
According to the latest tracking data
from Alphaliner, analyzing these operators reveals how container
fleet capacity is geographically distributed. Therefore, we can easily
highlight the key players driving maritime trade across each continent.
Europe: The Epicenter of Global Capacity
Europe commands a staggering 55.3% of
the entire global market, despite having only five carriers represented in the
top 30. This represents a massive concentration of power. Indeed, this
footprint totals over 18.9 million TEUs (Twenty-Foot
Equivalent Units) in fleet capacity.
European carriers have long championed the
strategy of massive scale and global alliances. As a result, they secure their
position at the pinnacle of ocean freight.
·
Mediterranean Shipping
Company (MSC): Headquartered in Switzerland, MSC
stands as the undisputed titan of the seas. Specifically, the carrier controls
a massive 7,351,759 TEUs. This translates to a commanding 21.5%
share of the total market. Thus, MSC continues to aggressively expand
its fleet.
·
Maersk: The Danish shipping pioneer maintains its position
as a cornerstone of global trade. Currently, it controls 13.8% of
global capacity with over 4.7 million TEUs.
·
CMA CGM Group: Representing France, this carrier holds a 12.8% global
market share. Consequently, it solidifies its presence on major east-west
corridors with 4,375,063 TEUs.
·
Hapag-Lloyd: Operating out of Germany, Hapag-Lloyd secures 7.0% of
the global market with 2,401,732 TEUs. In addition, it serves as a
highly efficient, premium network operator.
Asia: The Engines of Manufacturing and Volume
Asia accounts for the largest number of
individual operators in the top tier, with 19 carriers calling the region home.
Together, they control 35.1% of the global market.
Furthermore, this translates to over 12 million TEUs of active
capacity.
Positioned at the heart of the world’s
primary manufacturing hubs, Asian carriers leverage deep regional connectivity.
Meanwhile, they maintain massive transpacific and Asia-Europe service loops.
·
COSCO Group: As China’s state-owned shipping giant, COSCO is
Asia’s largest carrier. Currently, it commands 10.6% of the
global market with a fleet exceeding 3.6 million TEUs.
·
ONE (Ocean Network
Express): Formed via the integration of Japan’s
major liner businesses, ONE is headquartered in Singapore. Today, it holds
a 6.3% global market share with 2,166,858 TEUs.
·
Evergreen Line: Based in Taiwan, Evergreen remains a household name
in ocean freight. For this reason, it successfully controls 5.9% of
global capacity with 2,006,343 TEUs.
The Middle East: Strategic Gateways of the
East-West Axis
Middle Eastern carriers account for 3.6% of
the global market, with a cumulative fleet capacity of over 1.2 million
TEUs.This region sits at the vital maritime crossroads between Europe and
Asia. However, ongoing geopolitical tensions have heavily disrupted local trade
routes.
Specifically, persistent security threats in
the Red Sea, the Bab el-Mandeb, and the Strait of Hormuz force global carriers
to reroute vessels around Africa. This major shift severely impacts transit
times and operational costs.
·
Zim: Operating out of Israel, Zim represents a major
portion of this regional footprint. Specifically, it holds a 2.1% global
share with 702,036 TEUs as a highly agile niche and mainline
operator.
·
DP World: Based in the United Arab Emirates, DP World
continues to expand its asset-heavy carrier presence. Meanwhile, it operates a
massive global terminal network and currently holds a 0.4% market
share with 153,094 TEUs.
·
IRISL Group: The Islamic Republic of Iran Shipping Lines (IRISL)
represents 0.4% of global capacity with 141,182 TEUs.
Therefore, it successfully navigates key regional trade lanes.
Meanwhile, a massive corporate restructuring
is redefining the region’s commercial footprint:
The proposed acquisition of ZIM by
Hapag-Lloyd, valued at US$4.2 billion, represents one of the largest
consolidation moves in the history of the container shipping industry. If
completed, the transaction would significantly strengthen Hapag-Lloyd’s global
network, fleet capacity and market position while further accelerating
consolidation across the liner shipping sector.
The deal remains subject
to regulatory approvals and customary closing
conditions before it can be finalized, making its outcome one of the most
closely watched developments in the maritime industry.
The Americas: Niche and Jones Act Dominance
The Americas hold a quiet presence in the top
rankings. In fact, they represent just 0.2% of the global
market with 67,775 TEUs inside the top 30.
·
Matson: Representing the United States, Matson is the sole
carrier from the Americas in this top tier. It operates at a 0.2% global
share. However, Matson plays a critical role in domestic Jones Act trade.
Specifically, it services the U.S. West Coast, Hawaii, Alaska, and selective
expedited transpacific routes.
Africa and Oceania: Regional Specialists vs.
Global Giants
Neither continent claims a carrier in the
immediate top carriers. However, a deeper dive reveals key local players that
support regional connectivity. This proves that even niche operators hold vital
spaces in the wider global market.
·
Neptune Pacific: With 9,783 TEUs, NPDL is a standout
example of an Oceanian regional specialist. Formerly, legacy carriers operated
independently in the South Pacific. Today, this integrated line acts as a
critical lifeline linking Australia, New Zealand, Fiji, and various Pacific
Island territories.
·
African Trade
Dependence: Africa remains primarily reliant on
foreign-flagged multinational giants to handle its main trade lanes. Although
local operations handle feeder networks, foreign mega-carriers carry the
continent’s primary imports and exports. This highlights the structural reality
of globalized supply chains.
Outlook
As the maritime industry faces evolving
environmental regulations and shifting trade lanes, the geographical
distribution of container fleet capacity will continue to play
a pivotal role in geopolitics and global supply chain resilience. Nevertheless,
the power remains firmly concentrated in European and Asian waters.
US imposes
25% tariffs on most Brazilian imports
The United States has announced a new round of tariffs on imports from Brazil, imposing a 25% duty on most Brazilian goods following a year-long investigation into the country’s trade practices.
The Office of the United States Trade
Representative (USTR) said Ambassador Jamieson Greer, acting at the direction
of President Donald Trump, has taken final action under Section 301 of the
Trade Act of 1974 to implement the new tariffs.
According to the USTR, the investigation
concluded that several Brazilian policies are “unreasonable” and restrict or
burden US commerce. The findings cited concerns over digital trade and
electronic payment services, preferential tariff treatment, anti-corruption
enforcement, intellectual property protection, ethanol market access and
illegal deforestation, which the United States said gives Brazilian
agricultural producers an unfair competitive advantage.
The decision follows two public hearings,
more than 360 public comments and extensive negotiations between the United
States and Brazil over the past year, which the USTR said failed to resolve the
identified issues.
“Safeguarding American economic interests
against unfair trade practices is the bedrock of President Trump’s America
First policies,” said Ambassador Jamieson Greer.
“Whether it is punishing U.S. technology
companies for refusing to censor political speech, backsliding on
anti-corruption enforcement, or allowing Brazilian farmers to exploit illegally
logged land to gain an advantage over American farmers, Brazil’s unfair trading
practices have prevented U.S. workers and producers from accessing this
important market with over 210 million consumers.”
Greer added that the 25% tariff is intended
to address those trade practices and ensure American workers and businesses can
compete on a level playing field.
While confirming the new measures, the USTR
said the United States remains open to further negotiations with Brazil should
the country take steps to address the issues identified during the
investigation.
Indian
Register of Shipping launches NEURON digital platform
The Indian Register of Shipping (IRS) has launched NEURON, a digital platform that provides faster access to its technical rules, guidelines and classification publications.
The platform gives users a single, searchable
interface for IRClass Rules, Classification Notes, Guidelines and other
technical documents. IRS said the system will help maritime professionals find
information more quickly and reduce the time spent searching across multiple
publications.
NEURON supports a wide range of users,
including shipowners, operators, shipyards, naval architects, design firms,
equipment manufacturers, consultants, surveyors, regulators and academic
institutions.
The platform is designed to support ship
design, construction, surveys, operations and regulatory compliance by making
technical information easier to access.
“NEURON provides our stakeholders with a
smart, user-friendly platform to access IRClass publications efficiently,
improving productivity and supporting better technical decisions,” said H. V.
Ramesh, Head of Technical at the Indian Register of Shipping. “The launch
reflects our commitment to innovation and customer-centric digital solutions.”
IRS said NEURON forms part of its broader
digital transformation strategy. The initiative aims to expand
technology-enabled services, improve the customer experience and make technical
knowledge more accessible across the maritime industry.
K Line
names ninth LNG carrier built for QatarEnergy
Kawasaki Kisen Kaisha (“K” Line) has announced the naming of a new 174,000 m³ LNG carrier being built for QatarEnergy.
The vessel, named HALWAN, was
christened during a ceremony held on 14 July at HD Hyundai Heavy Industries’
shipyard in South Korea. The name is derived from a water source in Qatar.
HALWAN is the ninth of 12 LNG carriers being
constructed by a joint venture for QatarEnergy and the second of three vessels
that will be managed by the K Line Group. Once delivered, the vessel will be
deployed in QatarEnergy’s global LNG transportation network.
The LNG carrier is equipped with X-DF 2.1
iCER engine technology and an Air Lubrication System, both designed to reduce
fuel consumption, greenhouse gas emissions and overall environmental impact.
K Line said the LNG sector remains one of its
key investment priorities under its Medium-Term Management Plan and reaffirmed
its commitment to expanding long-term LNG transportation contracts in response
to growing global energy demand.
Samskip
joins HyShip initiative to advance hydrogen-powered shipping
Samskip has joined the European HyShip initiative to help accelerate hydrogen-powered shipping and develop liquid hydrogen infrastructure across Europe.
The move brings Samskip’s SeaShuttle project
into a consortium of maritime, energy, research and regulatory partners. The
group aims to develop the technologies and infrastructure needed for
zero-emission shipping.
Samskip is building two hydrogen-powered
SeaShuttle vessels for the Rotterdam–Oslo route. The vessels are scheduled to
enter service in 2027.
The company designed the ships for commercial
operations from the outset. They will carry containerised cargo using liquid
hydrogen as fuel. The service will also establish one of Europe’s first green
shipping corridors.
Each vessel is expected to cut CO₂ emissions
by about 25,000 tonnes per year when operating in zero-emission mode.
“Our SeaShuttles have always been about
proving that hydrogen-powered shipping can work in everyday commercial
operations,” said Jeroen Hollebrands, Head of Newbuilding & Projects at
Samskip. “By joining HyShip, we are helping develop the hydrogen supply chain,
bunkering infrastructure and operational knowledge needed to scale
hydrogen-powered shipping across Europe.”
The HyShip initiative focuses on the entire
hydrogen value chain. It aims to connect fuel production, port infrastructure
and vessel operations. The partners believe this approach will help make
hydrogen-powered shipping commercially viable.
Samskip said the SeaShuttle project supports
its wider sustainability strategy. The company continues to invest in
alternative fuels and zero-emission technologies to reduce emissions across its
multimodal logistics network.
KR and HD
Hyundai complete Korea’s first ammonia vessel trial
Korean Register (KR) and HD Hyundai Heavy Industries (HHI) have taken another step towards maritime decarbonisation by completing Korea’s first sea trial of an ammonia dual-fuel propulsion vessel.
The trial forms part of the Ministry of
Oceans and Fisheries’ Green Shipping Corridor Construction Support Project,
which aims to establish an operating environment for ammonia-fuelled ships in
South Korea.
HHI carried out the sea trial to evaluate the
vessel’s fuel supply system and engine. The project generated operational data
that KR will use to develop domestic guidelines for ammonia-fuelled vessel
operations.
The organisations said the trial will also
support the wider adoption of ammonia as a next-generation marine fuel and
strengthen Korea’s green shipping ambitions.
A spokesperson for HD Hyundai said the
project demonstrates the company’s progress in developing ammonia-powered
vessels.
“Drawing on our group’s R&D capabilities
and on-site technical expertise, we have made meaningful progress in advancing
the application of ammonia as a marine fuel,” the spokesperson said. “We expect
this to contribute to a more sustainable maritime ecosystem and strengthen the
competitiveness of Korea’s shipbuilding industry.”
Kim Daeheon, Executive Vice President of KR’s
R&D Division, said the collaboration has established an important technical
foundation for the future deployment of ammonia-fuelled vessels.
“We will continue to drive national projects
forward together with HD Hyundai and establish technical standards that support
the era of Green Shipping Corridors,” he said.
The sea trial represents another milestone in
South Korea’s efforts to accelerate the use of low-carbon marine fuels and
develop the technical standards needed for future commercial ammonia-powered
shipping.
/// Air Cargo News ///
Cathay Cargo shifts Mumbai operations
and adds Astana to network
Cathay
Cargo will shift its Mumbai operations from Chhatrapati Shivaji Maharaj
International Airport to the new Navi Mumbai International Airport.
The
cargo division of Cathay Pacific did not say whether the move was temporary or
permanent, but Air Cargo News has contacted the airline for confirmation.
Tim
Wong, general manager cargo service delivery, said in a “From the Main Deck”
Cathay Cargo article published on 7 July that the airline’s “regular Mumbai
service will move across town to Navi Mumbai International Airport while cargo
area refurbishment works take place at Chhatrapati Shivaji Maharaj
International Airport”.
Developed
by Adani Airport Holdings and CIDCO, Navi Mumbai International Airport
officially commenced domestic commercial operations on 25 December, and will
launch international flights on 15 July.
Astana
addition
The
carrier has also announced some other changes to its network while the Middle
East conflict continues.
Previously,
Cathay Cargo operated Asia-Europe freighters via Dubai, but when the Middle
East conflict started it began direct flights on this trade lane.
These
direct flights limited payload and Cathay Cargo said in April that it had
sought to find alternative
mid-points.
The
carrier has now added Astana, Kazakhstan as a stop ahead of Cathay Pacific’s
plans to launch direct passenger services to Almaty, Kazakhstan in early 2027.
In
an update on this situation, Wong said “we are moving the intermediate stops
for our European freighters from India to Astana until the end of the summer
season while our Dubai freighter operations remain suspended”.
He
added: “With efforts towards a resolution in the Middle East ongoing, we hope
to return to Dubai in the medium term, but we are resuming our freighter
service to Riyadh from 1 August.”
Volume growth at Liege in H1 but EU
e-commerce charge set for negative impact
Belgian
cargo hub Liege has continued to report strong improvements in its cargo
volumes in the first half of the year thanks to growth in export volumes but it
warns that new e-commerce rules could have a negative impact in the short term.
Over
the first six months of the year, the Belgian hub saw its air cargo volumes
increase by 11.3% year on year to 697,816 tons, while the number of cargo
movements was up by a lower amount of 3.3% to 14,354.
The
airport said that one of the reasons for volumes increasing faster than the
number of flights, was a rise in export cargo out of Europe, while efficiency
gains also boosted performance, the airport claimed.
Volumes
exported via Liege Airport increased by 19% compared to last year, compared to
a 6% growth in imports, “reflecting the dynamism of European companies that use
the airport as a logistics platform to global markets”.
The
increase in exports was concentrated to Asia where volumes were up 17% and
North America where there was a 51% improvement compared with a year earlier.
The
growth differential was particularly exacerbated in the second quarter of 2026
with growth of 18% for exports and less than 1% for imports compared to 2025.
However,
the rate of growth in the tonnages handled slowed in the second quarter to 7.5%
compared with 15.6% in the first quarter.
Frédéric
Brun, vice president of sales and marketing at Liege Airport, said: “The
increase in tonnages, which is much higher than that of movements, illustrates
the efficiency gains made by the entire airport ecosystem. The strong growth in
exports is also a very positive signal for Liege Airport.
“In
a turbulent international context marked by the reconfiguration of supply
chains and the continued growth of e-commerce, Liege Airport confirms its
strategic role at the heart of European and global trade.”
E-commerce
rules
However,
while the year has started strongly, the airport warned that a new €3 per item
charge for e-commerce imports introduced by the European Union on 1 July could
take its toll in the second half.
“As
has been seen in other countries following the introduction of similar
measures, it is expected to have a negative impact on air cargo volumes in the
short term,” the airport said.
“This
new legislation and similar changes to come could lead to a change in supply
chains, with a modal shift from air to sea transport and the multiplication of
distribution and fulfilment centres on European soil.
“Liege
Airport is following this development closely and it is far too early at this
stage to draw conclusions.”
Early
figures from consultant Rotate suggest that European freighter
capacity declined at the start of the month, potentially as a result of the
legislation.
The
charge is likely to be followed later in the year by a separate €2 processing
fee, expected in November 2026.
Some
EU member states are already introducing their own local fees and requirements
in parallel with the EU-wide reform. The countries that have introduced the
extra charge have reportedly seen volumes shift to airports in other nearby
countries.
FlyUs appointed GSSA for Riyadh Cargo in France, Spain, and Portugal
FlyUs
Aviation Group has been appointed General Sales and Service Agent (GSSA) for
Riyadh Cargo in France, Spain, and Portugal.
Under
the agreement, FlyUs will oversee cargo sales, customer support and capacity
management in all three markets.
The
appointment expands FlyUs’ partnership with Riyadh Cargo following its
selection as the airline’s GSSA in the UK and Ireland in October
2025, coinciding with the launch of Riyadh Air’s inaugural services to London
Heathrow Airport.
The
announcement also follows the introduction of a dedicated Riyadh-branded
trucking service connecting the Benelux region with the airline’s network via
Heathrow.
“Being
entrusted with additional markets is a strong endorsement of the partnership we
have built with Riyadh Cargo since its launch,” said Carlo de Haas, president
and chief executive, FlyUs.
“Our
local teams have extensive knowledge of their respective markets and
long-established relationships with forwarders across France, Spain, and
Portugal.
“We
look forward to leveraging this to provide dedicated, on-the-ground sales
representation, while ensuring customers have direct access to Riyadh Cargo’s
growing network and capacity.”
Pravin
Singh, global head of cargo, Riyadh Air, said: “FlyUs has been a part of our
cargo journey in Europe since October 2025 and has consistently demonstrated a
strong understanding of our business, customers, and growth ambitions.
“Their
expertise and commitment to excellent service have made them a valued partner,
and we are pleased to expand our collaboration into France, Spain, and Portugal
as we continue to extend our global reach.”
Freighter trial flights take place at
soon-to-open Western Sydney
Cargo
trial flights have commenced at Western Sydney International (WSI) as the new
airport readies to open for commercial operations.
The
trial flight saw Qantas operate an Airbus A321 freighter to the airport as it
prepares for its formal opening later this
month.
WSI
chief executive Simon Hickey said: “These trials are an integral part of
ensuring that our systems, infrastructure and staff have been put through their
paces in a live and controlled operating environment.
“Today’s
flight will be followed by further trials over the following fortnight as we
make our final preparations for commercial freight services.”
He
added: “We’ve utilised the latest technology and innovations to deliver a
highly efficient, sustainable, and future-proofed Cargo Precinct. Our trials
present an excellent opportunity to test these capabilities.”
Other
companies that will operate at the airport’s cargo precinct
include Menzies Aviation, dnata and Texel Air.
Qantas
Freight executive manager Igor Kwiatkowski said WSI will become one of
Australia’s key airfreight hubs.
“In
just a few weeks, this new 24-hour facility will provide greater flexibility
for our freight network, helping us meet growing demand for e-commerce and
next-day deliveries,” he said.
“The
airport will increase Sydney’s air cargo capacity, helping us to move
time-critical supplies around Australia and overseas in the months ahead.”
The
Cargo Precinct will offer a capacity of 220,000 tonnes of freight annually. It
offers dedicated access via the recently upgraded Northern Road, and proximity
to key freight and logistics hubs in Kemps Creek and industrial sites across
the Aerotropolis.
The
precinct has capacity to “expand significantly” over the years ahead, in line
with the needs of “consumers, businesses and associated market demands”, WSI
said in a press release.
SAL to provide ground handling for SF
Airlines
SAL
Saudi Logistics Services has signed an agreement with SF Airlines to provide
air cargo ground handling services.
The
Saudi Arabia-headquartered logistics company announced in a disclosure
statement on its website that it had secured a yearly, renewable agreement to
provide integrated solutions encompassing air cargo ground handling services
for the Chinese carrier.
Air
Cargo News has
requested more information about where SAL will provide these ground handling
services.
“Under
this agreement, SAL will provide comprehensive operational services ensuring
the seamless flow of S.F. Airlines. These services include, among others, cargo
ground handling, aircraft loading and offloading, and other ramp operations for
flights operated,” said SAL.
“The
agreement supports SAL’s strategy to expand its international airline customer
base and strengthen connectivity with the fast-growing Asian air cargo market.”
SAL
is the ground cargo handling division of Saudia, the national carrier. The
business provides air cargo ground handling services across all major airports
in Saudi Arabia.
The
handler serves the hubs of Riyadh, Jeddah, Dammam, and Madinah, in addition to
15 domestic stations, while offering integrated logistics solutions across air,
land, and sea.
In
total, SAL handles approximately 99% of the country’s inbound and outbound air
cargo.
SF
Airlines is the aviation arm of SF Group, the largest integrated logistics
service provider in China and Asia.
As
China’s largest cargo airline, SF Airlines has a fleet of more than 90
freighters. It currently operates daily freighter services between Singapore
and Shenzhen.
East Midlands Airport volumes up as
more cargo flights expected
Air
cargo volumes at East Midlands Airport in the UK have climbed 14% year on year
and the cargo hub expects to add more cargo flights to its operations in the
coming months.
East
Midlands Airport handled 37,458 tonnes of goods last month – around 4,500
tonnes more than last June.
“Further
announcements about more cargo aircraft flying into East Midlands are expected
later this month, as the operation continues to grow,” stated the airport.
Steve
Griffiths, East Midlands Airport managing director, said: “Our cargo operation
is doing brilliantly, with increasing numbers of carriers choosing East
Midlands as their entry point to the UK as our reputation spreads as the
country’s number one airport for freight.”
In
May last year, the airport launched cargo growth plans designed to
meet an estimated 54% increase in demand for its cargo operations over the next
two decades.
Four
plots close to the runway, totalling 50 hectares, were earmarked for cargo
development.
Then
in July, the airport also reconfigured
its cargo aprons so
that out of 27 cargo stands, 12 can now take wide-bodied aircraft, up from
seven previously.
Last
year, larger aircraft
flying to the airport helped
increase volumes, despite a decrease in freighter movements.
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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