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  July  30,  2026


Today’s Exchange Rates


CURRENCY

PRICE

CHANGE

%CHANGE

OPEN

PREV.CLOSE

 

USD/INR

95.64

0.220001

0.229503

95.72

95.86

 

EUR/USD

1.1392

0.0005

0.043907

1.1387

1.1387

 

GBP/INR

127.1889

-0.111496

-0.087585

127.287

127.3004

 

EUR/INR

108.9631

0.105896

0.09728

109.1141

108.8572

 

USD/JPY

163.75

-0.100006

-0.061035

163.85

163.85

 

GBP/USD

1.3294

0.0005

0.037622

1.3289

1.3289

 

JPY/INR

0.5846

-0.0004

-0.068377

0.5852

0.585

 


///                   Sea Cargo News            ///

Direct Freight Rail Link Strengthens India–Nepal Trade


The first direct freight train from India has arrived at Nepal's Customs Yard, marking a significant milestone in bilateral trade and cross-border logistics.

The new rail connection is expected to streamline cargo movement, reduce transit times and lower transportation costs, providing a major boost to trade between the two neighbouring countries.

The direct freight service eliminates the need for multiple cargo transfers at the border, enabling faster and more efficient movement of goods.

The improved logistics corridor is expected to benefit exporters, importers and logistics providers by enhancing supply chain reliability and easing the flow of cargo across the India–Nepal border.

The rail link will facilitate the transportation of a wide range of commodities including industrial raw materials, agricultural products, consumer goods and manufactured items. Improved connectivity is also expected to reduce congestion at border checkpoints while supporting higher trade volumes between the two countries.

The initiative reflects the ongoing efforts by India and Nepal to strengthen regional connectivity trough modern transport infra- structure and integrated logistics solutions. Enhanced rail freight services are expected to improve trade efficiency, deepen economic cooperation and support the long term growth of bilateral commerce.

With demand for cross border trade continuing to rise, the new direct freight rail service is set to play a key role in improving logistics efficiency and reinforcing economic ties between India and Nepal.

Hapag-Lloyd announces $1,000 per container rate increase on Indian subcontinent–North America trade


Hapag-Lloyd has announced a General Rate Increase (GRI) of US$1,000 per container for shipments from the Indian subcontinent, Pakistan and the Middle East to the United States and Canada, effective August 15, 2026.

The increase will apply to all cargo received on or after the effective date and will remain in force until further notice, according to the carrier's latest tariff advisory.

The revised GRI covers all container types, including dry, refrigerated and special equipment, in both 20-foot and 40-foot containers, including high-cube units.

The surcharge will apply to cargo originating from the Indian subcontinent, Pakistan and the Middle East and destined for all ports and inland destinations across the United States and Canada.

Hapag Lloyd said the USD 1,000 per container increase will be added to existing freight rates for all eligible shipments moving on the affected trade lanes.

The latest adjustment comes as container carriers continue to review freight pricing on major east-west trades amid evolving market conditions, operational costs and demand patterns. The German carrier stated that the revised rates will remain applicable until further notice.

Panama Invites India to Join Neutrality Treaty Governing Panama Canal


Panama has formally invited India to accede to the Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal, reinforcing bilateral maritime cooperation and recognising India's growing role in global trade and shipping.

The proposal was presented by Panamanian Foreign Minister Javier Eduardo Martínez-Acha Vásquez during talks with External Affairs Minister Dr. S. Jaishankar at Hyderabad House in New Delhi on 20 July.

The invitation renews an earlier request made by Panama, which has been encouraging India to join the treaty since at least May 2025. Speaking during the visit, Martínez-Acha said Panama aims to preserve the Panama Canal as an open, secure and efficient international waterway and sees India as a valuable partner in upholding those principles.

ONE updates emergency fuel surcharge across global trade lanes


Ocean Network Express (ONE) has announced revised Emergency Fuel Surcharge (EFS) levels across its global network, with the updated charges taking effect from 15 August 2026 and remaining in place until further notice.

The revised surcharge will apply to all long-haul and short-sea services, subject to any required regulatory approvals and notice periods.

Under the updated tariff, the EFS has been set at:

·        All long-haul headhaul trades:

o   Dry containers: US$75 per TEU

o   Reefer containers: US$100 per TEU

·        All long-haul backhaul trades:

o   Dry containers: US$38 per TEU

o   Reefer containers: US$50 per TEU

·        All short-sea trades:

o   Dry containers: US$38 per TEU

o   Reefer containers: US$50 per TEU

The revised surcharge will apply to both non-FMC and FMC-regulated trades, including shipments involving the United States, American Samoa, Puerto Rico, Guam, Saipan, Hawaii and Canada, from 15 August 2026.

PIL’s first 13,000 TEU LNG dual-fuel vessel earns cyber security certification


Pacific International Lines (PIL) has marked two milestones with its first 13,000 TEU LNG dual-fuel containership, Kota Elok, following the vessel’s maiden call at Singapore on 15 July.

The vessel became PIL’s first ship to receive Lloyd’s Register certification for compliance with the International Association of Classification Societies (IACS) Unified Requirements E26 and E27 on cyber security.

The certification confirms that the vessel meets the latest mandatory cyber resilience standards for newbuild ships contracted from 1 July 2024.

UR E26 focuses on the cyber resilience of the vessel as a whole, while UR E27 requires onboard systems and equipment to incorporate cyber security measures from the design stage.

PIL said the certification resulted from collaboration with Hudong-Zhonghua Shipbuilding, Lloyd’s Register, specialist testing organizations and equipment suppliers during the vessel’s design and construction.

The milestone coincided with Kota Elok’s maiden call at Singapore, where PSA Singapore presented a commemorative plaque to the vessel’s Master, Captain Kan Liang.

Kota Elok is the first of 13 LNG dual-fuel containerships that will join PIL’s fleet as part of its fleet renewal programme.

The vessel can operate on liquefied natural gas (LNG) and low-sulphur fuel oil. It also features energy-saving technologies, digital systems to improve operational efficiency, and a bow windshield designed to reduce aerodynamic resistance and fuel consumption.

Following its Singapore call, Kota Elok will operate on PIL’s East Coast Service 1 (ES1), serving ports in Brazil, Uruguay and Argentina before returning to Asia.

Maersk to gradually resume operations at Venezuela’s Port of La Guaira


Maersk has announced the phased resumption of operations at Venezuela’s Port of La Guaira following disruptions caused by the earthquake on 24 June.

The carrier said it is working closely with local authorities and port stakeholders to restore operations safely while supporting the continuity of customers’ supply chains. The resumption plan will be implemented in stages over the coming weeks.

According to the schedule, the week 30 call of AS ANGELINA (voyage 630N) will be limited to the evacuation of empty containers. In week 31, MAERSK CAP CARMEL (voyage 630S) will discharge full import containers only. Full import and export operations are scheduled to resume during week 32 with AS ANGELINA (voyages 631S/632N).

Maersk noted that the schedule remains subject to operational conditions at the port, including terminal readiness, equipment availability, road access, safety assessments and regulatory guidance. The carrier said it will continue to monitor the situation and adjust the plan if necessary.

Customers requesting a change of destination for cargo originally booked to Venezuela will be responsible for the applicable operational fees and surcharges. Maersk also advised customers to coordinate closely with local representatives regarding export bookings, empty equipment positioning and import cargo availability during the transition period.

Sarjak Container Lines expands Maldives presence


Sarjak Container Lines (SCL) has partnered with Ocean Gate Logistics (OGL) to strengthen its project cargo and logistics services in the Maldives as infrastructure activity accelerates across the island nation.

The partnership combines SCL’s experience in international project logistics with OGL’s local operational capabilities in Malé. Together, the companies will support the movement of containerised cargo, project cargo, breakbulk, out-of-gauge (OOG) and general commercial freight.

OGL will provide local coordination for inbound shipments, container repositioning and last-mile logistics. The company will also facilitate cargo distribution from Malé to other islands through barge and local transport services.

The partnership comes as the Maldives continues to invest in major infrastructure projects, including the US$500 million Greater Malé Connectivity Project (Thilamale Bridge). The development has increased demand for heavy-lift, oversized and specialised cargo movements across the archipelago.

Ashish Sheth, Chairman and Managing Director of Sarjak Container Lines, said the Maldives is becoming an increasingly important market for specialised logistics as infrastructure development gathers pace.

He added that combining international shipping expertise with strong local execution will allow the company to better support customers handling complex cargo in the country.

Sarjak Container Lines said it has extensive experience transporting project cargo for infrastructure, engineering, renewable energy, oil and gas, manufacturing and industrial projects across Asia, the Middle East and Africa.

Mohamed Waheed, Managing Director of Ocean Gate Logistics, said the partnership will bring SCL’s project cargo capabilities closer to customers in the Maldives while strengthening local cargo coordination and onward distribution across the islands.

The companies said the collaboration will support cargo movements between the Maldives and SCL’s wider international network.

///                   Air Cargo News            ///

ePlane reveals first full-scale e200X eVTOL aircraft prototype


The ePlane Company, an aerospace startup incubated at IIT Madras, has unveiled the first full-scale prototype of its electric aircraft, the e200X (PT-01), at its newly established 60,000 sq. ft. production facility in Chennai.

The unveiling comes after the company received Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) in 2023 and represents a key step in its certification programme, with certified flight testing scheduled to begin in mid-2027.

The e200X is an electric vertical take-off and landing (eVTOL) aircraft designed for urban transport. Measuring 8 metres by 11 metres and weighing 2.2 tonnes, it is built entirely from carbon fibre and is among the most compact winged passenger eVTOL aircraft developed to date.

Its compact size is intended to allow operations from existing infrastructure such as helipads and open spaces, with the potential for rooftop operations in the future.

The aircraft can carry one pilot and either two passengers or up to 200 kg of cargo. It has an operational range of 110 km and uses an 800-volt distributed electric propulsion system. The aircraft is built around the company's patented "Synergistic Lift" wing architecture, which uses separate propulsion systems for vertical lift and forward flight instead of tilt rotors. According to the company, the e200X has received commitments for more than 800 aircraft, with a significant share of the demand coming from emergency medical transport, where it is expected to reduce patient transfer times compared with road transport.

The prototype is powered by an 800V electrical architecture designed to reduce wiring weight, improve thermal management and enable faster charging. It is also equipped with NVIDIA's IGX Thor computing platform for sensor fusion and HENSOLDT's navigation and situational awareness systems.

Tata Consultancy Services (TCS) provides the software for the aircraft's battery management systems and predictive fleet analytics. The e200X is the company's first full-scale aircraft and builds on its earlier ATVA and e50 platforms. Together, these programmes have completed more than 10,000 km of cumulative test flights over the past five years.

The PT-01 prototype will now undergo ground testing before progressing to full-scale flight trials. The company is targeting certified test flights in mid-2027 as part of the aircraft's type certification programme.

ACL Airshop, Kalitta Air renew ULD partnership


ACL Airshop and Kalitta Air have renewed their long-standing Unit Load Device (ULD) Supply & Management Agreement for another five years, extending a partnership focused on strengthening cargo operations through enhanced fleet management and digitalisation.

Under the renewed agreement, ACL Airshop will continue to provide end-to-end ULD supply and management services for Kalitta Air's global cargo network. The services include fleet control, repair and maintenance, net replacement, global logistics, digital tracking, analytics, customer support, reporting, and operational expertise throughout the ULD lifecycle.

As part of the new five-year term, ACL Airshop will progressively modernise and digitise Kalitta Air's ULD fleet. The initiative is aimed at improving visibility across the airline's worldwide operations while extending the lifespan of its ULD assets through proactive maintenance and lifecycle management.

The renewal builds on the companies' long-standing collaboration and reflects a shared commitment to improving operational efficiency, reliability, and digital innovation in air cargo operations.

ACL Airshop said its experience in supporting all-cargo, ACMI, charter, and ad-hoc airline operations has enabled it to develop specialised expertise in meeting the demands of freighter networks. The company added that the renewed agreement with Kalitta Air underscores its continued role in providing flexible and reliable ULD solutions for global cargo carriers.

Arthur Jamison, Assistant Director, OCC, Ground Kalitta Air, said, “Strong partnerships are the foundation of a successful global cargo operation, and our renewed agreement with ACL Airshop reinforces that commitment. Together, we've built a long relationship based on trust, performance, and a shared focus on delivering reliable solutions for our customers.”

“We've grown together, adapted to a changing industry, and continued to find new ways to advance their ULD operations. We're excited to build on that partnership for many years to come,” said Wes Tucker, COO, ACL Airshop. ACL Airshop is a global provider of Unit Load Device (ULD) solutions, offering services including fleet management, leasing, repair, logistics, manufacturing, and digital tracking.

Operating through a network of more than 200 locations worldwide, the company supports airlines with end-to-end ULD solutions designed to improve fleet utilisation through technology, operational expertise, and lifecycle management.

Meanwhile, Kalitta Air, based in Ypsilanti, Michigan, is among the world's leading all-cargo airlines, operating a modern fleet of Boeing 747 and Boeing 777 freighters. The carrier offers a range of services, including scheduled cargo operations, ACMI and charter flights, government logistics support, humanitarian missions, and the transportation of oversized cargo across its global network.

American launches pharma freight corridor


American Airlines Cargo has launched a dedicated pharmaceutical corridor linking key life sciences hubs in Amsterdam and Brussels with major destinations in the United States via London Heathrow, strengthening its temperature-controlled logistics network for healthcare shipments.

The new corridor is designed to support the growing demand for pharmaceutical and healthcare transportation by providing an integrated cold chain solution across ground and air operations.

Built in accordance with IATA CEIV Pharma and Good Distribution Practice (GDP) standards, the service combines validated temperature-controlled trucking operated by FlyUs Aviation Group with American Airlines Cargo's ExpediteTCSM product to provide end-to-end protection for temperature-sensitive shipments.

The GDP-certified trucking service has been operating daily since May 1, 2026, connecting Amsterdam and Brussels directly to London Heathrow, one of American Airlines Cargo's largest international gateways.

The solution is tailored for pharmaceutical shipments requiring strict temperature control, supporting ranges of 2°C to 8°C and 15°C to 25°C in both directions to help maintain product integrity throughout the ground transport segment. American Airlines Cargo said the corridor standardises handling, transfer and air transport processes to ensure consistent temperature management and regulatory compliance across the supply chain.

By linking two of Europe's leading pharmaceutical gateways with its transatlantic network, the carrier aims to provide a scalable and reliable solution for transporting temperature-sensitive healthcare products.

Eric Mathieu, Managing Director of Customer Experience at American Airlines Cargo, said, “The launch of this pharma corridor represents a strategic step in strengthening our pharmaceutical and healthcare network across Europe and the United States.”

He added that the initiative combines standardised processes, validated ground transport and its global air network to ensure reliable, compliant and temperature-controlled movement of pharmaceutical cargo.

Matternet adds Beeline UAS to expand US drone delivery network


Matternet has partnered with Beeline UAS to expand its commercial drone delivery network in the United States. Under its FAA Part 135 certificate, Beeline will operate Matternet’s drone delivery platform in key US markets, joining Ameriflight and UPS Flight Forward as a Part 135 operating partner in the Matternet network.

The partnership comes as demand for drone delivery continues to grow across the United States. Matternet and Beeline will initially focus on expanding Beyond Visual Line of Sight (BVLOS) operations in the San Francisco Bay Area and the Los Angeles metropolitan area.

Beeline will operate Matternet’s technology to support the company’s delivery-as-a-service agreements with customers in the food, retail and healthcare sectors. According to Matternet, autonomous aerial delivery can provide faster and more cost-efficient transport of time-sensitive goods in regions with heavy traffic congestion and high labour costs.

“We are proud to welcome Beeline UAS to our network of Part 135 operators,” said Andreas Raptopoulos, Founder and CEO of Matternet. He said long-term leadership in drone delivery will depend on the ability to safely deploy, manage and scale fleets of autonomous aircraft through an integrated technology platform and a strong operating network.

He added that Beeline will help increase Matternet’s capacity to expand efficiently into new markets. Toby Woods, Founder and CEO of Beeline UAS, said the company’s mission is to enable safe, compliant and scalable drone operations.

He said Matternet has built one of the most advanced drone delivery platforms and that the partnership will support its next phase of growth while bringing drone delivery to more communities across the United States.

Matternet said its multi-operator strategy is designed to provide the operational capacity, geographic reach and flexibility needed to support commercial growth while maintaining high standards of safety and regulatory compliance.

The addition of Beeline further strengthens the company’s operating network and supports the expansion of commercial drone delivery across the United States.

Azorra to enter the freighter leasing market with Embraer deal




Image: © Embraer

Florida-based lessor Azorra is set to enter the freighter leasing market following the signing of a deal with Embraer for the conversion of up to 30 aircraft.

The agreement will see Embraer convert 20 E-190 aircraft into a freighter configuration with purchase rights for a further 10 conversions.

The order follows the successful entry into service of the E-190F in March. The company is among the first lessors to commit to the Embraer E-Freighter.

The airline has been weighing up the possibility of converting E-190 aircraft since 2022.

Azorra chief executive John Evans said: “This investment reflects our confidence in the aircraft and extending its useful life. The E-Jet Freighter is an ideal replacement for older 737 freighters, offering reliable, Stage 4 noise-compliant operations and, with Azorra’s CF34 engine programme, unmatched operating costs.”

Embraer commercial aviation president and chief executive Arjan Meijer added: “This agreement is a strong endorsement of the E-Freighter and reflects growing demand for efficient, right-sized cargo solutions worldwide.

“We look forward to supporting Azorra and its customers as the E-Freighter continues to expand its presence across the global air cargo market.”

Embraer launched its E-Jet freighter programme to convert E190 and E195 passenger aircraft to freighters in March 2022.

The manufacturer said the E-Freighter fills the gap between turboprops and larger narrowbodies and delivers 30% lower operating costs with similar cargo volume and range, while offering 35% extra volume capacity and more than three times the range of large cargo turboprops.

Combining cargo capacity under the floor and on the main deck, the E190F’s maximum structural payload is 13.5 tonnes. The larger E195F will have a payload of 14.3 tonnes.

“Designed for high-frequency, time-sensitive operations, the aircraft will improve regional connectivity and help open new trade routes across key growth markets, including Latin America, Southeast Asia and the Middle East and Africa – regions where Azorra has established expertise,” Embraer added.

The converted aircraft began operations in March with Bridges Air Cargo. Registered as 9H-BRD, the first Bridges aircraft is leased from US lessor, Regional One.

Etihad Cargo expands Paris freighter operation

                                          Image: © East Midlands Airport

Etihad Cargo has expanded its freighter operation to France on the back of rising demand across “several strategic cargo verticals”.

The airline today announced that it has added a second weekly freighter flight to Paris Charles de Gaulle Airport in response to rising demand.

“Paris remains an important gateway within Etihad Cargo’s global network, supporting the movement of pharmaceuticals through PharmaLife, perishables through FreshForward, equine transportation via SkyStables, and cultural logistics through FlyCulture, which plays an important role in supporting museums and cultural institutions in Abu Dhabi and beyond,” Etihad said in a press release.

Etihad Cargo’s freighter fleet totals five Boeing 777 aircraft, while it has placed a firm order for 10 Airbus A350Fs.

The airline explained that the service expansion would strengthen connectivity between France, Abu Dhabi, and key markets across Asia, Africa, and the Middle East for customers moving “specialised and high-value cargo”.

Etihad Airways chief cargo officer Stanislas Brun said: “France has long been an important market for Etihad Cargo.

“The introduction of a second weekly freighter service to Paris shows both the strength of customer demand and our long-term goals for the region.

“As trade flows continue to evolve, our customers need greater flexibility, additional capacity, and reliable access to global markets.”

Etihad transported more than 26,000 tonnes of cargo to and from Paris last year.

In addition to the freighter flights, the airline also offers three daily passenger flights to Paris and a seasonal passenger service to Nice.

Etihad’s cargo business saw revenues and volumes rise last year to help the overall airline business to a record profit.

The airline saw cargo revenues increase by 8% year on year in 2025 to $1.2bn, while cargo volumes were up 9% to 703,000 tonnes.

The company said that its cargo business had benefited from capacity expansion, while its partnership with Chinese express giant SF Airlines also boosted performance.

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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