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 August 06, 2026
Today’s
Exchange Rates
|
CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
|
|
95.12 |
0.269997 |
0.283045 |
94.92 |
95.39 |
|
|
|
1.1543 |
0.0012 |
0.104064 |
1.1531 |
1.1531 |
|
|
|
128.1098 |
-0.100296 |
-0.078228 |
127.7291 |
128.2101 |
|
|
|
109.7786 |
0.0158 |
0.014395 |
109.5139 |
109.7628 |
|
|
|
157.646 |
-0.104004 |
-0.06593 |
157.75 |
157.75 |
|
|
|
1.3457 |
0.0005 |
0.037175 |
1.3452 |
1.3452 |
|
|
|
0.603 |
-0.0026 |
-0.429329 |
0.6046 |
0.6056 |
|
/// Sea Cargo News ///
Maersk Recalls Legacy of Historic
Cargo Liner Henriette Mærsk
A.P. Moller - Maersk has revisited its rich maritime heritage by highlighting the legacy of Henriette Mærsk, one of the company's iconic cargo liners that played a significant role in global trade during the 1960s and 1970s.
Built at Helsingør Skibsværft in Denmark in
1962, Henriette Mærsk was the largest vessel ever constructed at the shipyard
at the time. The ship was deployed on Maersk's prestigious "Around the
Globe" service, connecting Japan, West Africa, the East and West Coasts of
the United States, Southeast Asia, and back to Japan.
Designed as a versatile cargo liner, the
vessel featured five cargo holds and dedicated tanks capable of carrying up to
900 tonnes of vegetable oil. Two sister ships, Anette Mærsk and Torben Mærsk,
also served in the fleet, supporting Maersk's expanding global liner network.
Although Henriette Maersk was sold in 1980,
the vessel remains a symbol of an era that laid the foundation for today’s
modern ocean shipping industry. Its legacy reflects how decades of innovation, larger
vessels and evolving trade patterns have transformed global maritime logistics.
The ultra-large container vessel MSC Loreto has made its maiden call at Hutchison Ports Sohar, becoming the largest containership by capacity ever to berth at the Omani port.
The milestone further strengthens Sohar's
position as a key maritime and logistics gateway in the Middle East. Operating
under the Liberia flag and deployed by MSC on its Shikra Service, MSC Loreto
has a capacity of 24,346 TEUs and an overall length of nearly 400 metres,
placing it among the world's largest container vessels.
The Shikra Service links Sohar with major
ports across China, South Korea, Singapore, Malaysia, Sri Lanka, India,
Pakistan, and the United Arab Emirates, enhancing Oman's connectivity to key
manufacturing, trade, and consumption markets across Asia and the Middle East.
Yemen's Houthi movement has denied reports suggesting it plans to impose transit fees on commercial vessels sailing through the Red Sea, stating that no such policy has been introduced.
The clarification comes amid speculation over
potential new costs for ships navigating one of the world's busiest maritime
trade routes. The group said claims of mandatory charges for Red Sea transits
are unfounded, seeking to dispel concerns among shipping companies, cargo
owners, and insurers already dealing with heightened security risks in the
region.
The statement aims to address uncertainty
surrounding the operating environment for commercial shipping. Despite the
denial, the Red Sea remains a high-risk corridor due to ongoing regional
tensions and previous attacks on merchant vessels, prompting many shipping
lines to continue rerouting ships around the Cape of Good Hope or maintain
enhanced security measures. These disruptions have increased transit times and
freight costs for global supply chains.
Maritime industry stakeholders are expected
to continue closely monitoring developments in the Red Sea, as any changes to security
conditions or shipping regulations could have significant implications for
international trade, vessel operations and insurance costs.
ANL Adds Second Auckland Call to
Tranztas Service
ANL has revised its Tranztas Service by introducing a second port call at Auckland, enhancing connectivity and providing customers with greater flexibility for cargo movements between Australia and New Zealand.
The service update is aimed at improving
network efficiency and meeting growing demand across the Trans-Tasman trade
lane. The additional Auckland call is expected to streamline cargo handling,
improve schedule reliability, and offer shippers more options for both import
and export shipments.
The revised rotation is designed to optimize
vessel utilization while strengthening links between key ports in the region.
According to ANL, the enhancement reflects
its ongoing commitment to refining service offerings and delivering more
efficient shipping solutions.
The updated Tranztas Service is intended to
support businesses with improved transit times and more dependable sailing
schedules.
The network adjustment underscores ANL’s
focus on responding to changing customer requirements and reinforcing its
presence in the Australia-New Zealand market through enhanced port coverage and
operational performance.
Evergreen Revises Rules for
Shipper-Owned Containers
Evergreen Marine has revised its policy governing the use of shipper-owned containers (SOCs), introducing updated requirements aimed at improving operational efficiency, cargo safety, and regulatory compliance across its global shipping network.
The revised rules outline updated acceptance
criteria, documentation requirements, and technical standards that SOCs must
meet before being accepted for transport.
The changes are intended to ensure that
privately owned containers comply with international safety regulations and
Evergreen's operational guidelines.
According to the carrier, the policy update
will help streamline container handling, reduce operational disruptions, and
enhance consistency across ports and terminals.
Shippers using SOCs are encouraged to review
the revised requirements and ensure their equipment and documentation comply
with the new standards before booking shipments.
The updated guidelines reflect Evergreen’s
ongoing efforts to strengthen service reliability, maintain high safety
standards and improve supply chain efficiency while supporting customers that
utilize shipper owned containers for international cargo movements.
Fresh Container Ship Orders Flow to
Asian Shipyards
Container ship owners have placed a fresh round of newbuilding orders at shipyards across Asia, reflecting continued confidence in long-term demand for modern and fuel-efficient vessels.
The latest contracts are expected to support
fleet renewal strategies while strengthening the orderbooks of leading
shipbuilders in the region.
Most of the new orders have been awarded to
major shipyards in China and South Korea, with vessel designs incorporating
advanced technologies to improve fuel efficiency, reduce emissions, and comply
with evolving international environmental regulations.
Many of the ships are expected to feature
dual-fuel or alternative-fuel capabilities, preparing operators for the
maritime industry's decarbonization transition.
The investment comes as shipping companies
seek to replace older tonnage, enhance operational efficiency and position
themselves for future trade growth. While container freight markets remain
volatile, owners continue to invest in next-generation vessels to improve
competitiveness and meet customer demand for more sustainable shipping
services.
Industry observers expect the latest wave of
newbuilding contracts to reinforce Asia’s dominance in global shipbuilding
while supporting innovation in vessel design and green shipping technologies.
The orders also highlight the confidence of container ship owners in the long-term
outlook for international maritime trade.
/// Air Cargo News ///
India’s Air Cargo Throughput Surges
16% in June 2026 to Record 364,289 Tonnes
India's airports handled a record 364,289 tonnes of air freight in June 2026, registering a 16% year-on-year growth from 315,272 tonnes handled during the same month last year, driven primarily by strong growth in international cargo, according to data released by the Airports Authority of India (AAI).
International
cargo remained the key growth driver, accounting for 231,736 tonnes, nearly 64%
of the country's total air cargo throughput during the month. International freight
volumes grew 19% year-on-year, significantly outpacing domestic cargo growth
and reflecting sustained momentum in India's export-import trade.
Domestic
freight handled by Indian airports reached 132,553 tonnes in June 2026, marking
a 9% increase compared to 121,120 tonnes recorded in June 2025.
IndiGo
Launches Freighter Operations from Navi Mumbai with Cargo Flight to Sharjah
IndiGo has commenced dedicated freighter operations from Navi Mumbai International Airport, operating its first cargo flight to Sharjah on Saturday.
The
milestone marks the launch of scheduled freighter services at India's newest
greenfield airport and signals its emergence as a key air cargo hub. The
airline deployed its Airbus A321 freighter, carrying a mix of perishables and
general cargo to Sharjah.
IndiGo,
which had previously operated ad hoc cargo flights between Mumbai and Sharjah,
now plans to establish regular freighter services from Navi Mumbai to cater to
the growing demand for air cargo between India and the Middle East.
The
move comes as several international cargo operators are preparing to expand
their presence at Navi Mumbai. Hong Kong Air Cargo has applied for operating
slots and regulatory approvals to launch services, while Air France-KLM is
working on shifting its freighter operations from Mumbai to the New airport.
The
launch of freighter operations from Navi Mumbai is expected to strengthen
western India’s air cargo ecosystem, offering airlines greater operational
flexibility while supporting exporters, manufacturers & logistics companies
with improved connectivity to international markets.
Bengaluru Receives India’s First Tariff-Free Scottish Salmon Shipment Under India–UK FTA
Bengaluru
has become the first Indian city to receive a tariff-free shipment of Scottish
salmon under the India–United Kingdom Free Trade Agreement (FTA), marking a
significant milestone in the early implementation of the landmark bilateral
trade pact.
The
arrival of the premium seafood consignment highlights the immediate benefits of
the India–UK FTA, which aims to reduce trade barriers, lower import costs and
strengthen commercial ties between the two countries.
The
shipment is expected to improve access to premium imported food products for
consumers, luxury hotels, fine-dining restaurants and specialty retailers
across India.
Industry
observers said the tariff-free import demonstrates how free trade agreements
can enhance market access, improve supply chain efficiency and encourage
greater bilateral trade by making high-value products more competitive in
international markets.
Bangalore’s
selection as the first destination reflects the city’s growing prominence as a
hub for premium food imports. Its large concentration of multinational
corporations, expatriate professionals, upscale hospitality establishments and
modern retail infrastructure has created strong demand for imported gourmet
products.
The
city also benefits from well-developed cold chain logistics, warehousing
facilities and efficient multimodal transportation networks that support the
handling of temperature-sensitive cargo.
Trade
experts noted that reduced import duties under the FTA will facilitate smoother
movement of goods between India and the UK while creating new opportunities for
importers, distributors and hospitality businesses.
The
development also underscores the importance of robust cold-chain infrastructure
in preserving the quality of premium perishable products such as Scottish
salmon.
Industry
specialists stressed that sustainable logistics practices, including energy-efficient
transportation, effective cold-chain management and measures to minimise food
waste, will be essential as imports of high-value food products continue to
grow.
Analysts
believe the successful arrival of the first tariff-free Scottish Salmon
shipment could pave the way for greater diversification of imported
agricultural and food products under future trade agreements. At the same time,
they emphasised the need to balancing expanding international trade
opportu-nities with continued support for domestic producers and resilient
local food supply chains.
With
its advanced logistics ecosystem and strong international business presence,
Bangalore continues to strengthen its position as a key gateway for premium
global imports, reinforcing India’s expanding integration into global trade and
supply chain networks.
Air India appoints Tewolde Gebremariam
as CEO & MD
Air India today announced the appointment of Tewolde Gebremariam as the airline’s Chief Executive Officer and Managing Director, succeeding Campbell Wilson. "The Board conducted a comprehensive search to identify the next leader for Air India, overseen by a dedicated Board committee.
The
committee rigorously evaluated internal as well as highly accomplished external
candidates from across the world," reads the release. N. Chandrasekaran,
Chairman of Tata Sons and Air India, said: "On behalf of the Board, I am
delighted to welcome Tewolde to Air India. Having completed the initial phase
of stabilisation, integration, and fleet commitments under Campbell's guidance,
Air India is now entering a critical execution and expansion era.
Tewolde’s
track record in building one of the world's most efficient and profitable
airline groups makes him uniquely suited to lead Air India. His operational
expertise, commitment to safety, and vision for hub development will be
instrumental as we establish Air India as a premier global carrier and a source
of national pride."
Tewolde
Gebremariam, Incoming CEO & Managing Director, said: "It is a profound
honour to be entrusted with leading Air India at such a historic moment in its
journey. Air India carries an incredible legacy, and the opportunity to build a
world-class global airline that reflects India’s extraordinary economic
potential is uniquely exciting.
I
look forward to working closely with Chairman Chandrasekaran, the Board, our
employees, and all government and industry partners to deliver exceptional
operational reliability, warm Indian hospitality, and sustained long-term
growth."
Air
India said the board's objective was to identify a leader with a proven track
record of managing large-scale airline turnarounds, delivering operational
excellence, fostering a strong culture of safety and service, and driving
profitable growth.
"Following
an intensive evaluation process, the Board unanimously concluded that
Gebremariam possesses the ideal combination of leadership, deep operational
expertise, and strategic execution capability required for Air India’s next
phase of growth," the release reads.
Gebremariam
is widely recognised as one of the most successful aviation chief executives.
During his decade-plus tenure as CEO of Ethiopian Airlines Group, he
spearheaded a multi-billion-dollar expansion, transforming a regional carrier
into Africa’s largest, most profitable, and decorated airline group—growing
revenue by more than fourfold and fleet size nearly threefold.
His
unique strength lies in managing complex operational landscapes, driving
cultural transformation, building competitive global hubs, and developing
world-class MRO (Maintenance, Repair, and Overhaul) and aviation training
infrastructure.
Air
India said it is moving from its foundational turnaround phase into a
high-growth, profitable execution phase, and that Gebremariam brings the
capabilities needed to support the airline's next stage of growth. "He has
strong experience in expanding international long-haul networks and building
world-class hub operations, an unrelenting commitment to safety standards,
engineering quality, and operational reliability.
He
also has a track record of driving sustained profitability. While navigating
complex economic cycles and dynamic global markets, together with deep
experience in workforce upskilling, talent development, and embedding a
high-performance, customer-first service culture.
The
airline said the leadership transition reinforces the airline's alignment with
national priorities and stakeholder expectations, adding that it remains
committed to supporting India's civil aviation ambitions and broader economic
vision.
"Under
Gebremariam’s leadership, Air India will work closely with civil aviation
authorities and regulators to strengthen India’s position as a premier global
aviation hub, enhance international connectivity, and maintain the highest
benchmarks of aviation safety and compliance."
The
Board also thanked Campbell Wilson for his leadership over the past phase of
Air India’s revitalisation. He successfully oversaw complex merger and
integration processes, initiated massive fleet modernisation programmes,
established new corporate governance standards, and laid the foundations that
were necessary for the future.
Saudia Cargo, Riyadh Cargo sign
interline agreement to expand reach
Saudia Cargo and Riyadh Cargo have signed an interline agreement to expand cargo connectivity, extend network reach and provide customers with greater access to international markets through Saudi Arabia.
The
partnership aims to support the expansion of Riyadh Cargo's network beyond its
current destinations of London, Dubai, Cairo, Jeddah, Madrid and Malaga.
According to an official release by Saudi Arabia’s new national carrier, which
is a wholly-owned Public Investment Fund (PIF) company, the upcoming
destinations include Mumbai, Kuala Lumpur and Dhaka, supporting Riyadh Cargo's
long-term ambition to serve more than 100 global destinations by 2030.
The
agreement combines Saudia Cargo's established cargo network and operational
expertise with Riyadh Cargo's expanding global network and digitally native
operating model. Through the interline arrangement, customers will gain broader
market access, enhanced routing options and greater flexibility across key
international trade corridors.
Mansour
Alasmi, VP - Network & Revenue at Saudia Cargo, praised this collaboration
and the mutual efforts of both carriers to enhance the Kingdom’s transport and
logistics ecosystem, stating, “This initiative reflects our firm belief in the
importance of integration and cooperation to strengthen the Kingdom's shipping
and logistics ecosystem.
By
combining Saudia Cargo's established expertise and global capabilities with
Riyadh Cargo's future ambitions, we will provide our customers with more
integrated solutions to facilitate trade. This aligns with our joint efforts to
transform the Kingdom into a premier global logistics hub, while driving
sustainable growth for both organisations.”
Commenting
on the partnership, Pravin Singh, VP of Cargo at Riyadh Air said, “As Riyadh
Air builds a global airline from the heart of Saudi Arabia, Riyadh Cargo has a
clear ambition to become a modern, digitally enabled, and reliable cargo
business serving customers across key international markets.
This
agreement supports that ambition by extending our reach, opening new trade
opportunities, and helping position Riyadh as an important gateway in the
future of global logistics. According to the two companies, the agreement will
expand available cargo capacity, improve the flow of goods across international
markets and provide freight forwarders and logistics partners with more
efficient and reliable cargo solutions.
It
will also extend the network reach of both carriers beyond their own operations
through seamless interline connectivity. The collaboration supports Saudi
Arabia's Vision 2030 and the National Transport and Logistics Strategy,
reinforcing Riyadh and Jeddah as complementary gateways for international trade
while advancing the Kingdom's ambition to become a leading global logistics
hub.
Avalon lands first direct Saudia Cargo flight
Avalon Cargo Melbourne today (Saturday July 25) welcomed the commencement of scheduled Saudia Cargo services, the first direct cargo flight from Saudi Arabia landing at the airport just 46 days after a landmark Memorandum of Understanding was signed.
The
arrival makes Avalon Airport Melbourne the first Australian airport to receive
freight under the Australia Saudi Logistics Alliance (ASL Alliance)
arrangement, marking a significant milestone in the development of a direct
freight corridor between Australia and Saudi Arabia.
The
MoU between Avalon Airport Melbourne and the ASL Alliance was signed on June 9.
Scheduled services commenced today (July 25), demonstrating the speed at which
the airport can move from strategic agreement to operational delivery.
Saudia
Cargo first flight, a B747-400 freighter, landing at Avalon Airport The new
service will strengthen cargo connectivity between Australia, Saudi Arabia and
the broader Gulf Cooperation Council region, providing greater access for
exporters across agriculture, pharmaceuticals, advanced manufacturing and
e-commerce.
Avalon
Airport Melbourne CEO Ari Suss said the commencement of scheduled Saudia Cargo
services was an important step in Avalon's transformation. "Today's
commencement of scheduled Saudia Cargo services is another important milestone
in Avalon's transformation from a traditional passenger airport into a major
international aviation, logistics and trade gateway," Suss said.
"This
is tangible proof Avalon's cargo strategy is delivering. We invested in
world-class freight infrastructure because we believed the future growth
opportunity lay in international logistics, e-commerce and trade. Today, we are
seeing that vision become reality,” he said during a special ceremony welcoming
Saudia Cargo’s B747-400 freighter.
Ari
Suss and Sam Jamsheedi at Avalon Airport "Avalon Cargo Melbourne is
rapidly becoming the airport global cargo operators want to work with. Our
curfew-free operations, available capacity and modern freight facilities
provide a compelling alternative for international logistics businesses."
Victoria’s
Minister for Ports and Freight, Melissa Horne, who attended the ceremony, said
the new service would strengthen the state’s international freight capability
and create new opportunities for exporters.
"The
start of scheduled Saudia Cargo services at Avalon Airport Melbourne is an
important step in Victoria's freight and logistics sector," Horne said.
"Stronger international cargo connections help Victorian businesses reach
new markets, improve supply-chain resilience and support jobs across our
freight, logistics and export industries.
This
service reinforces Victoria's position as a leading freight and trade gateway
and demonstrates the value of continued investment in modern aviation and
logistics infrastructure,” she added.
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.
Comments
Post a Comment