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  07,  2026

Today’s Exchange Rates

CURRENCY▲	PRICE	CHANGE	%CHANGE	OPEN	PREV.CLOSE	DAY's LOW-HIGH
USD/INR	95.39	0.159996	0.16801	95.23	95.23	95.21- 95.4875
EUR/USD	1.1415	-0.0022	-0.192359	1.1441	1.1437	1.141- 1.1441
GBP/INR	127.2143	0.084404	0.066392	127.0566	127.1299	127.0566- 127.4326
EUR/INR	108.8786	-0.063995	-0.058742	108.8513	108.9426	108.8349- 109.0907
USD/JPY	162.365	1.025009	0.63531	161.26	161.34	161.321- 162.416
GBP/USD	1.3344	-0.0006	-0.044942	1.3364	1.335	1.3329- 1.3356
JPY/INR	0.5877	-0.0033	-0.558378	0.5903	0.591	0.5875- 0.5903

///                   Sea Cargo News            ///

Chennai Port Doubles Break-Bulk Cargo Handling in June, Crosses 140,000 Tonnes

Chennai Port has achieved a significant milestone in break-bulk cargo handling, recording more than 140,000 tonnes of break-bulk cargo in June, marking a 100% increase compared to the same month last year.

The impressive growth reflects the port's expanding role as a preferred gateway for handling a wide range of break-bulk commodities, including commercial vehicles, steel coils, heavy machinery, and project cargo.

To support rising cargo volumes and improve operational efficiency, Chennai Port is undertaking major infrastructure upgrades.

These include the development of four new covered transit sheds, additional paved storage yards, and wider internal roads, aimed at enhancing cargo handling capacity and streamlining logistics.

The expansion initiatives are expected to strengthen Chennai Port’s ability to accommodate future trade growth while reinforcing its position as one of India’s leading break-bulk cargo hubs.

We at Jupiter Sea & Air Services Pvt. Ltd, Chennai are very well experienced in handling break-bulk cargo. We have handled very complicated and bulk cargo’s with utmost ease and ensured total satisfaction to the consignee’s for the past 3 decades.

Newbuild Container Ships Target Rapidly Growing China–India Trade Routes

Shipping companies are deploying newbuild container vessels to meet rising demand on China–India trade routes, as cargo volumes between the two major Asian economies continue to expand.

The increase in new vessel capacity reflects growing confidence in the long-term potential of the trade lane, driven by higher movement of manufactured goods, raw materials, consumer products, and industrial cargo. Carriers are looking to strengthen service reliability and capture a larger share of the growing regional market.

The addition of modern boxships is expected to improve operational efficiency while supporting increased trade flows between Chinese and Indian ports. Newer vessels also offer improved fuel efficiency and lower operating costs, helping shipping lines manage capacity requirements more effectively.

Industry observers expect China-India maritime trade to remain a key growth area, with continued investment in fleet expansion and network improvements as demand for regional container transport rises.

COSCO Withdraws Vessels From CMA CGM India-Europe Service as Suez Route Resumes

COSCO Shipping has adjusted its vessel deployment strategy on the India-Europe trade lane, removing ships from CMA CGM’s India-Europe service as the carrier alliance returns to a Suez Canal-based rotation.

The move comes as major container lines continue to reorganise their networks following the gradual restoration of Suez Canal transits.

With services shifting away from longer Cape of Good Hope diversions, carriers are recalibrating vessel capacity, schedules, and fleet utilisation across key east-west routes.

COSCO’s withdrawal of vessels from the CMA CGM-operated loop reflects broader network adjustments within alliance services, where partners frequently modify ship contributions based on capacity requirements, operational efficiency, and market demand.

The return to Suez routing is expected to shorten voyage times between India and Europe compared with Cape diversions, helping carriers improve schedule reliability and reduce additional fuel and operational costs. However, the transition period may lead to temporary changes in vessel assignments and sailing schedules.

Industry observers note that shipping lines are closely monitoring cargo demand, congestion levels and geopolitical risks around major maritime corridors as they fine-tune service networks.

The latest capacity reshuffle highlights how carriers are adapting their global networks as normal Suez Canal operations gradually resume and competition intensifies on the India-Europe trade route.

Hormuz Tensions Escalate After Singapore-Flagged EVER LOVELY Incident

Maritime security concerns have intensified in the Strait of Hormuz after Singapore-flagged vessel EVER LOVELY was involved in an incident while transiting one of the world’s most critical shipping chokepoints.

The incident has raised fresh concerns among shipowners, operators, and cargo interests as vessels continue to navigate heightened risks in the Gulf region. The Strait of Hormuz remains a vital route for global energy and container shipping, with a significant share of international trade passing through the narrow waterway.

Industry stakeholders are closely monitoring the situation as any disruption in the region could affect vessel schedules, insurance costs, and operational planning for carriers. Shipping companies have been reviewing risk assessments and security measures for vessels operating near the area.

The EVER LONELY incident comes amid ongoing geopolitical tensions that have already influenced maritime movements, with some carriers previously adjusting routes and increasing precautions to protect crews and cargo.

Analysts said continued uncertainty around Hormuz could contribute to higher operating costs including additional security measures, longer transit planning and potential impacts on freight markets.

Shipping lines and authorities are expected to maintain close coordination as they assess the safety of commercial vessel movements through the strategic waterway. The incident highlights the fragile security environment facing global shipping routes and the need for continued monitoring of developments in the region.

CMA CGM’s Mega 24,000 TEU Vessel Reaches Le Havre Port

CMA CGM’s ultra-large 24,000 TEU container vessel has arrived at the Port of Le Havre, marking a significant milestone for the carrier and reinforcing the French port’s position as a key hub in global maritime trade.

The arrival of the mega-ship highlights the continued growth of vessel sizes in the container shipping sector as carriers deploy larger vessels to improve efficiency, optimise capacity, and meet evolving trade demands.

The 24,000 TEU-class vessel represents the latest generation of container ships designed to carry higher volumes of cargo while improving economies of scale on major east-west routes.

Its call at Le Havre underlines the port’s ability to accommodate some of the world’s largest container carriers through advanced infrastructure and deep-water facilities.

Port and industry stakeholders said the arrival demonstrates the importance of Le Havre in CMA CGM’s global network and supports the port’s ambition to strengthen its rold as a strategic gateway for European trade.

The deployment of larger vessels is also part of broader industry efforts to enhance operational efficiency, although it requires ports to continue upgrading terminals, handling equipment and logistics connections.

CMA CGM’s latest mega-ship call reflects the ongoing trans-formation of container shipping, where carriers are increasingly relying on high capacity vessels to improve network performance and competitiveness.

OOCL Expands Green Fleet With Delivery of 24,168 TEU Methanol-Powered Vessel

OOCL has taken delivery of a new 24,168 TEU methanol dual-fuel container vessel in China, marking another step in the company’s efforts to modernise its fleet and support lower-carbon shipping operations.

The ultra-large container ship is designed to operate on methanol fuel, providing greater flexibility in the transition toward cleaner marine fuels. The vessel represents the latest generation of boxships being introduced by major carriers to improve energy efficiency and reduce environmental impact.

Built in China, the new vessel strengthens OOCL’s fleet capacity while supporting the carrier’s long-term strategy of deploying larger, more efficient ships across major global trade routes. The addition of high-capacity vessels allows operators to optimise cargo movement and improve economies of scale.

The delivery comes as the container shipping industry accelerates investment in alternative fuels, with methanol emerging as one of the key solutions being explored to reduce green-house gas emissions from maritime transport.

OOCL said the new vessel reflects its commitment to sustain-able development, fleet enhancement and meeting future environmental requirements in the global shipping sector.

Industry analysts noted that the introduction of methanol-capable mega-ships highlights a broader shift among carriers toward cleaner propulsion technologies as regulations and customer expectations drive changes across international shipping.

Panama Canal Gains From Rerouted Trade Flows Amid Strait of Hormuz Closure

The Panama Canal is seeing stronger revenue prospects as global shipping disruptions linked to the Strait of Hormuz closure encourage carriers to adjust routes and reassess major trade corridors.

Changes in vessel deployment and cargo routing have increased attention on alternative maritime pathways, with some operators turning to the Panama Canal to maintain trade connectivity and avoid risks associated with affected regions.

The canal’s strategic position connecting the Atlantic and Pacific oceans has allowed it to benefit from shifting shipping patterns, particularly as companies seek more reliable routes amid geopolitical uncertainty and supply chain challenges.

Higher vessel demand could support increased toll revenues and strengthen the canal’s financial outlook. Canal authorities have continued focusing on operational efficiency, capacity management and maintaining reliable transit services to meet changing market conditions.

The disruption around the Strait of Hormuz has highlighted the vulnerability of key global chokepoints and encouraged shipping companies to diversify route planning. As a result, major maritime gateways such as the Panama Canal are gaining renewed importance in global logistics strategies.

Industry analysts said the longer-term impact will depend on how quickly shipping networks stabilise but the recent demonstrates the crucial role of alternative trade routes in maintaining global commerce during periods of uncertainty.

IMO Halts Hormuz Evacuation Plan Following Maritime Security Incident   

The International Maritime Organization (IMO) has paused its planned evacuation operation in the Strait of Hormuz following a maritime security incident involving a vessel, prompting renewed concerns over the safety of crews operating in the region.

The decision comes as authorities reassess conditions in one of the world’s most strategically important shipping routes. The Strait of Hormuz is a critical passage for global energy and commercial shipping, making any disruption a major concern for vessel operators and international trade networks.

The IMO’s evacuation initiative was aimed at supporting seafarers affected by heightened regional risks. However, the latest incident has led officials to temporarily suspend activities while evaluating security conditions and ensuring the safety of personnel involved.

Shipping companies and industry groups are continuing to monitor developments closely with operators reviewing voyage plans, security measures and crew welfare arrangements for vessels transiting the area.

The incident highlights the ongoing challenges faced by the maritime sector as geopolitical tensions continue to affect major shipping corridors. Industry stakeholders have stressed the importance of coordinated action between international bodies, governments and shipping operators to protect seafarers and maintain safe navigation.

Further decision on the evacuation plan are expected after additional assessments of the security situation in the Strait of Hormuz.

///                   Air Cargo News            ///

Air India and Delhi Airport Launch Transshipment Trials to Boost Global Cargo Ambitions

Air India and Delhi airport have begun transshipment trials as part of efforts to strengthen India’s position in the global air cargo market and capture a larger share of international cargo flows.

The initiative aims to improve Delhi’s role as a cargo gateway by enabling smoother movement of shipments arriving from overseas and connecting them to onward destinations.

The trials are expected to enhance cargo connectivity, reduce transit times, and offer exporters and logistics companies a more efficient alternative for international shipments.

With India’s growing manufacturing, e-commerce, pharmaceutical, and high-value goods sectors driving demand for faster logistics solutions, improved transshipment capabilities could help the country compete more effectively with established regional cargo hubs in the Middle East and Southeast Asia.

Air India’s participation is expected to support the development of stronger cargo networks by leveraging its international operations and expanding connectivity. Delhi airport, already one of India’s key aviation hubs, is looking to increase its share of global freight movement through improved infrastructure and streamlined cargo processes.

Industry stakeholders believe successful implementation of the trans-shipment model could position India as a preferred cargo transfer hub and support the government’s broader goal of expanding the country’s role in global trade and supply chains.

Noida Airport Accelerates Growth Strategy With Threefold Increase in Flights

Noida International Airport is set to significantly expand its operations with a planned threefold increase in flight movements, marking a major step in its efforts to build a strong aviation network and improve regional connectivity.

The expansion is expected to bring more domestic and international connections, giving passengers greater travel options while strengthening the airport’s role as a key aviation hub for the National Capital Region.

The increase in flight capacity will also support business travel, tourism, and cargo movement in the region. The airport’s growth plans are focused on enhancing connectivity, attracting airlines, and developing supporting infrastructure to handle rising passenger demand.

Improved air links are expected to benefit nearby industrial zones, logistics networks, and businesses across the region. The expansion comes as India’s aviation sector continues to witness strong growth, with airports across the country investing in capacity upgrades and new routes.

With increased flight operations and a wider network, Noida International Airport aims to establish itself as a major gateway alongside existing aviation hubs in northern India.

Air Cargo Faces Heavy-Lift Capacity Crunch as B747 Freighters Near Retirement

The global air cargo industry is facing a potential heavy-lift capacity challenge as a growing number of Boeing 747 freighter aircraft approach retirement, raising concerns over the availability of large-volume cargo aircraft in the coming years.

The iconic B747 freighter has long played a critical role in transporting oversized and heavy shipments, including industrial equipment, aerospace components, automotive parts, and other time-sensitive cargo.

However, as ageing aircraft are gradually phased out, the industry is preparing for a possible gap in capacity. Air cargo operators are looking for alternatives, but replacing the unique capabilities of the B747 freighter remains a challenge.

Newer widebody freighters, including Boeing 777 Freighter and Airbus A350 Freighter, offer improved fuel efficiency and lower operating costs but do not fully match the B747’s payload flexibility and large main-deck cargo capacity.

The shortage could put pressure on sectors that rely on specialized heavy-lift air transport, especially during peak demand periods or in markets requiring urgent movement of oversized cargo.

Industry players are expected to focus on fleet modernisation, aircraft conversions and improved utilization of available freighter  capacity to address the gap.

With global trade, e-commerce and industrial supply chains continuing to evolve, maintaining sufficient heavy lift air cargo capability is becoming a key priority for airlines, logistics providers and manufacturers worldwide.

Poland’s Airport Polska plans are progressing

In around six years from now, Poland aims to be inaugurating a state-of-the-art gateway in fitting with its position as the largest economy in Central Europe and the sixth largest in Europe.

Centralny Port Komunikacyjny (the company delivering the Port Polska investment program) is coordinating the planning and construction of Port Polska – a new Polish airport located between Warsaw and Łódź, designed to act as a major multimodal, international hub for Central Europe and beyond – both for passengers and cargo – featuring high-speed rail connections and expanded road infrastructure around the area to ensure maximum airport connection efficiency.

AI image of the multimodal airport, including a Cargo Zone, due to open in 2032. Image: portpolska.pl

And its long-standing plans are taking shape. Just last week, Poland’s Port Polska program has moved forward on two fronts – with authorities issuing a key location decision for the rail junction east of the planned national airport, and Centralny Port Komunikacyjny signing a contract for the first foundation works on the airport’s passenger terminal.

Together, the developments mark a significant step in the delivery of a strategic transport project intended to integrate air, rail and road links between Warsaw and Łódź and strengthen connectivity across Central Europe. The estimated cost of building, by 2032, what CPK states “will be the most advanced facility of its kind in this part of Europe”, capable of annually handling over 300,000 aircraft movements, with two independent runways, is PLN 131.7 billion (c. EUR 30.7 billion/USD 35 billion).

Ready to rail/road…
The Mazovian Voivode recently approved a location for the Eastern Junction serving the new airport, which means that Centralny Port Komunikacyjny, can now move ahead with seeking the necessary construction permits for the required rail and road components.

The Eastern Junction’s rail element will link sections of Lines 5, 85 and 88, to the future airport railway station and to existing and planned rail routes. The investment also includes new road infrastructure alongside the reconstruction and, where necessary, removal of existing roads. The goal is to ensure swift and safe traffic flows and efficient connectivity on the airport premises and beyond.

The planned investment is located in the Mazowieckie Voivodeship, within Grodzisk County, across the municipalities of Baranów and Grodzisk Mazowiecki. The area covered by the location decision for the Eastern Junction totals 212 hectares. Under the Voluntary Property Acquisition Programme, 85.2 hectares have already been acquired, representing nearly 40% per cent of the total area.

Putting people first…
… or at least getting started on the airport’s passenger terminal, since CPK signed a contract to the value of almost PLN 146 million contract with Budimex S.A., last week, for the deep foundation works of the new terminal. Among the six offered tenders, Budimex S.A.’s offered the most advantage at the lowest gross bid: PLN 145,952,189.91.

The company is specialized in roads, railway lines and airport projects. Construction is due to start in SEP26. However, prior to this, the Mazovian Voivode must issue a building permit, and required plots of land [the ground reinforcement will exceed 140 km in length] need to be formally acquired.

Infrastructure Minister Dariusz Klimczak announced: “Having completed the preparation and design stages, we are now moving into the construction phase. Foundation works for the terminal, including deep piling, will begin this autumn. This will mark the symbolic start of the construction of a new state-of-the-art airport, which will be built between Łódź and Warsaw and will be one of the most advanced airports in Europe.”

Dariusz Kuś, Port Polska, Member of the Management Board of Centralny Port Komunikacyjny, pointed out: “The contract for the terminal foundations, which will enable construction works to begin, is just one of many tasks currently being carried out.

By the end of this year, we intend to select the contractor for the passenger terminal itself. At the same time, preparatory works are ongoing across the future airport site, including demolition works and the relocation of high-voltage power lines and other infrastructure.”

A strong cargo focus
And among that ‘other infrastructure’ is a Cargo City. At the recent TIACA Executive Summit in Warsaw, Dr. Filip Czernicki, Port Polska, CEO of Centralny Port Komunikacyjny, revealed: “At the heart of this vision is Cargo City – a unique logistics and industrial ecosystem designed as a platform for global airlines, integrators and logistics operators, enabling the integration of logistics and production. Our ambition is to create one of the most advanced and digital cargo hubs in Europe – responding to the needs of e-commerce, specialised transport and modern industry, while advancing sustainability and operational efficiency.”

Paweł Zagrajek, Commercial Deputy Director at Centralny Port Komunikacyjny, speaking on the Executive Summit’s panel “Central European Challenges & Opportunities, Plotting the Pathway to Further Success” (moderated by CargoForwarder Global), summarized: “We see not only challenges, but above all the opportunities the future air cargo market will bring.

A greenfield airport creates a unique chance to build an ecosystem fully tailored to cargo needs – from runway design and cargo zone infrastructure to dedicated cargo systems, road access, truck facilities, customs solutions, and logistics and manufacturing functions supporting supply chains. Although the airport will open in six years, we are already actively supporting industry growth. We initiated the creation of a cargo community in Poland focused on removing legislative barriers, developing talent, fostering innovation, and addressing key industry challenges.

Cargo is also central to our network strategy, with ongoing work to expand freighter services and passenger routes supporting belly cargo operations. The panel also examined how closer regional cooperation and integrated infrastructure planning could help strengthen supply chain resilience and position Central Europe as a key gateway connecting European markets with Asia and other global trade corridors.”

Two of three Cargo Zone contracts have already been signed, this year – one with Cundall Polska, to the value of PLN 15.4 million, to design two cargo terminals and a freight forwarding warehouse covering an area of 42,800 m2, and the second with Przedsiębiorstwo Spółdzielcze Budoprojekt, to the value of PLN 8.9 million, to prepare the design documentation for the Cargo 2 project which includes a complex of facilities and supporting infrastructure tailored for global logistics integrators operating their own distribution networks.

“The aim is to create a highly efficient and secure environment for handling courier and express shipments, responding to rapidly growing global demand for air freight,” the release states, emphasizing a core focus on security and efficiency, throughout:

“At the heart of the project lies a clear objective: ensuring seamless, uninterrupted logistics processes while significantly reducing shipment handling times. This will be achieved by integrating warehousing, transhipment and sorting functions into a single, cohesive layout.”

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.