JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News
Letter for Saturday September 05, 2026
Today’s
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/// Sea Cargo News ///
Sea-Intelligence:
Carrier financials recover in Q2 2026
The container shipping industry showed strong signs of financial recovery during the second quarter of 2026, according to Sea-Intelligence.
Reporting container carriers recorded
significant annual increases in combined revenue, operating profit and
transported volumes.
Carrier revenue reaches US$43.4 billion
The reporting shipping lines generated
combined revenue of US$43.4 billion during the second quarter.
This represented an increase of 15.9%
compared with the same period in 2025.
Eight carriers that published earnings before
interest and taxes reported combined EBIT of US$2.69 billion.
Their combined operating profit increased by
58.2% from US$1.70 billion in the second quarter of 2025.
“The 2026-Q2 financial data underscores a
significant positive turnaround in industry profitability,” said Alan Murphy,
CEO of Sea-Intelligence.
|
Financial measure |
Q2 2026 |
Q2 2025 |
Annual change |
|
Combined revenue |
US$43.4 billion |
— |
+15.9% |
|
Combined EBIT |
US$2.69 billion |
US$1.70 billion |
+58.2% |
Global container volumes increase
All six carriers that had reported their
global volume figures recorded year-on-year growth during the quarter.
Combined transported volumes across the same
group of carriers increased by 4.7%.
OOCL achieved the highest growth, with its
global volumes increasing by 8.8%.
CMA CGM followed with growth of 6%, while ONE
recorded the lowest increase at 2.9%.
None of the reporting carriers achieved
double-digit global volume growth.
Sea-Intelligence noted that second-quarter
volume figures for COSCO Shipping Lines, HMM and Yang Ming were not yet
available.
Transpacific volumes rise by 8.9%
Growth on the major east-west trade lanes
supported the increase in global container volumes.
Transpacific volumes increased by 8.9%
compared with the second quarter of 2025.
Asia-Europe volumes rose by 4.9% over the
same period.
“These volume figures suggest that the market
has regained a solid footing following last year’s disruptions,” said Murphy.
Global
schedule reliability falls to 56.4% in July
Global container shipping schedule
reliability fell sharply in July 2026, according to the latest Global Liner
Performance report from Sea-Intelligence.
Schedule reliability declined by 6.1
percentage points from June to 56.4%.
This was the lowest level recorded in 2026
and the weakest result since February 2025.
Compared with July 2025, global schedule
reliability declined by 8.8 percentage points.
Vessel delays rise to 6.06 days
The average delay for late vessel arrivals increased by 0.59 days from the previous month to 6.06 days.
This was the highest average delay recorded
during 2026 and the highest level since January 2024.
The July result was also 1.34 days higher
than one year earlier.
|
Performance measure |
July 2026 |
Monthly change |
Annual change |
|
Schedule reliability |
56.4% |
-6.1 percentage points |
-8.8 percentage points |
|
Average delay for late arrivals |
6.06 days |
+0.59 days |
+1.34 days |
Maersk leads carrier reliability
Maersk was the most reliable among the 13
largest carriers in July, recording schedule reliability of 73.7%.
The carrier was the only one to achieve
reliability above 70%.
Hapag-Lloyd ranked second with 69.3% and was
the only carrier in the 60% to 70% range.
Five of the remaining carriers recorded
schedule reliability between 50% and 60%.
Wan Hai was the least reliable carrier, with
schedule reliability of 29.8%.
All major carriers record monthly declines
None of the 13 largest carriers improved
their schedule reliability from the previous month.
MSC recorded the steepest monthly decline at
11.9 percentage points.
None of the carriers achieved year-on-year
improvement either.
Wan Hai posted the largest annual decline,
with its schedule reliability falling by 24.4 percentage points from July 2025.
The findings appear in issue 180 of
Sea-Intelligence’s Global Liner Performance report.
The full report covers schedule reliability
across 34 trade lanes and more than 60 container carriers.
Hapag-Lloyd
announces Golden Week sailing adjustments
Hapag-Lloyd has announced sailing adjustments on services from the Far East to North America during China’s Golden Week period.
The changes affect services connecting Asia
with the west and east coasts of North America.
WC2 sailing adjustment
The WC2 service will not offer the sailing of
Guthorm Maersk, voyage 640E, from Shanghai.
The vessel was scheduled to depart Shanghai
on 10 October 2026 during week 40.
Hapag-Lloyd said the Xingang-Qingdao-Pusan
rotation would remain in place.
|
Service |
Vessel and voyage |
Port of loading |
Week |
Scheduled departure |
|
WC2 |
Guthorm Maersk V.640E |
Shanghai |
40 |
10 October 2026 |
US2 sailing omitted
The US2 service will omit the sailing of
Navios Unison, voyage 641E, from Ningbo.
The departure was scheduled for 7 October
2026 during week 41.
Hapag-Lloyd will provide alternative coverage
through the US1 service.
Maersk Shams will depart Haiphong on 2
October 2026 and make an additional call at Norfolk.
|
Service |
Vessel and voyage |
Port of loading |
Week |
Scheduled departure |
|
US2 |
Navios Unison V.641E |
Ningbo |
41 |
7 October 2026 |
AA7 sailing cancelled
The AA7 service will not offer the sailing of
Wan Hai A13 from Ningbo.
The departure was scheduled for 1 October
2026 during week 40.
|
Service |
Vessel |
Port of loading |
Week |
Scheduled departure |
|
AA7 |
Wan Hai A13 |
Ningbo |
40 |
1 October 2026 |
Georgia
Ports schedules Savannah terminal system update
The Georgia Ports Authority will update the Savannah Terminal Operating System on Labor Day, 7 September 2026.
The authority will carry out the N4 system
update while its terminals are closed.
During the update, N4, WebAccess and API
updates will be unavailable. These systems provide users with container
tracking information.
Ocean Terminal closed on 8 September
Ocean Terminal gates will remain closed on
Tuesday, 8 September, while Georgia Ports tests the updated system.
The terminal will reopen on Wednesday, 9
September.
Garden City Terminal gates will open at 06:00
on Tuesday, 8 September, following the Labor Day closure.
|
Terminal |
Tuesday, 8 September |
|
Garden City Terminal |
Gates open at 06:00 |
|
Ocean Terminal |
Gates closed for system testing |
Separate N4 links for each terminal
After 7 September, external N4 users will
access the system through two separate web links.
Georgia Ports will provide one link for
Garden City Terminal and another for Ocean Terminal.
The new links will replace the single link
currently used to access N4.
Georgia Ports Customer Experience will
distribute the new links in a separate email before Labor Day.
WebAccess online will remain unchanged after
the update.
Georgia Ports said the system update supports
ongoing improvements at Ocean Terminal and aims to enhance the port user
experience.
CMA CGM
outlines fumigation requirements for Australia and New Zealand
CMA CGM has outlined fumigation requirements for cargo shipped to Australia and New Zealand during the 2026/2027 brown marmorated stink bug high-risk season.
The requirements will apply from 1 September
2026 to 30 April 2027.
Authorities introduced the measures in
response to the rapid spread of the brown marmorated stink bug across Europe
and North America.
Requirements for Australia
Customers shipping cargo subject to
Australia’s restrictions must meet all applicable treatment, certification and
reporting requirements.
The rules apply to cargo classified as target
high-risk goods or target risk goods.
Customers are responsible for ensuring that
their cargo complies with the requirements.
Requirements for New Zealand
Cargo subject to New Zealand’s restrictions
must meet all treatment, certification and reporting requirements before
arriving in the country.
The goods must undergo fumigation in the
country of origin or at a transshipment port before reaching New Zealand.
The approved transshipment options identified
by CMA CGM are Singapore and Port Klang.
Cargo cannot undergo fumigation after arrival
in New Zealand. Non-compliant goods will need to return to one of the
transshipment ports.
Customers will be responsible for all costs
associated with delays to ANL or CMA CGM vessels resulting from non-compliance
with the fumigation regulations.
Panama
Canal adjusts Neopanamax booking rules amid water deficit
The Panama Canal has announced temporary changes to its Neopanamax Transit Reservation System, providing shipping companies with greater flexibility in securing transit slots.
The new rules take effect on 30
August 2026 for booking dates beginning 13 September 2026.
The Panama Canal Authority said the measures
aim to improve access to available capacity while supporting efficient water
use as the canal continues to face a water deficit in its watershed.
Panama Canal increases booking flexibility
Under the revised rules, Neopanamax customers
will be allowed to secure more than one reservation slot for the same
booking date.
Customers will also be able to obtain
reservations for two or more consecutive booking dates.
These changes temporarily remove some of the
restrictions introduced under Advisory A-28-2026.
A total of 63 Neopanamax reservation
slots per week will be available. This total includes slots allocated
through the Long-Term Slot Allocation (LoTSA) and NetZero programmes.
Customers will also be able to swap or
substitute vessels after receiving a slot.
However, the replacement vessel must have the
same or greater Transit TEU Allowance (TTA) capacity. Applicable customer
limits must also be respected.
Vessels operating under alliances or
vessel-sharing agreements can participate in eligible swaps and substitutions
under the same conditions.
Booking date changes may also be permitted if
they do not cause customers to exceed their applicable slot limits.
Minimum five daily slots for containerships
The revised system introduces minimum
allocations for different vessel segments.
Full containerships will receive at least
five slots per booking date, with allocation based
on the vessels’ TTA capacity.
LPG carriers will receive at least three
slots per booking date. LNG carriers will also receive a minimum of three slots
per booking date. Both will be allocated based on customer ranking.
Vehicle carriers/RoRo vessels, bulkers and
other vessel categories will each receive a minimum of three slots per week,
also based on customer ranking.
If demand within a particular segment is
insufficient, unused capacity will be redistributed to other eligible vessel
categories.
The Panama Canal said this approach is
designed to prevent available capacity from going unused while maintaining
defined allocation criteria.
Auction slots remain outside customer limits
Customer slot limits can only be exceeded
when no other customer within the same market segment is competing for the
available capacity.
However, slots secured through the auction
process will remain exempt from these limits.
The daily auction slot will continue to be
offered from capacity remaining after the market segment competitions when
Booking Period 3 opens.
Water deficit continues to affect Panama
Canal
The changes come as the Panama Canal
continues to manage a water deficit across its watershed.
The authority is encouraging customers to use
the reservation system when planning their voyages.
A confirmed reservation remains the only way
to guarantee a specific transit date. Vessels arriving without reservations
could face delays depending on demand and available capacity.
The Panama Canal said the temporary measures
seek to balance reliable transit services and equitable access to capacity with
responsible management of available water resources.
/// Air Cargo News ///
Signs of stabilisation on China-Europe
routes
Figures
from WorldACD Market Data for 17 August to 23 August suggest that China-Europe
air cargo traffic is beginning to stabilise after several weeks of decline,
following the 1 July introduction of European Union import duty rules for
low-value imports, including e-commerce.
During
week 34, chargeable weight from mainland China and Hong Kong to Europe crept up
by 1% week on week – the first such increase since early June, WorldACD noted.
The
data provider said: “Although it’s relatively early days since the 1 July
ending of EU ‘de minimis’ exemptions on low-value imports, the WoW
[week-on-week] uptick in tonnages from China and Hong Kong to Europe could
signal a bottoming out of that downward trend and a potential stabilisation of
volumes at a new lower level, supported by rebounding post-summer demand.”
However,
compared to week 34 of 2025 volumes are substantially down: by 8% on mainland
China–Europe routes and by 33% for Hong Kong–Europe tonnages.
More
generally for Asia Pacific–Europe traffic, volumes rose by 3% week on week. A
massive 88% increase on traffic ex Japan was the main factor in this
development (volumes in the preceding week were hit by the country’s Obon
festival as well as flight cancellations out of Tokyo owing to tropical storm
Chan-Hom).
Elsewhere,
Asia Pacific–US volumes were “flat” week on week, WorldACD said, a 33% rise in
tonnages ex Japan offset by declines in other origin markets (China down 3% and
Hong Kong down 2%, for instance).
Year-on-year
comparisons for traffic to the US are tricky given the many changes to US
import tariffs and exemptions. Still, tonnages ex China were up 11%, and from
Hong Kong up 9 percent, compared to the same week of 2025.
As
for total Asia Pacific origin volumes, WorldACD said: “Total Asia Pacific
origin volumes in week 34 were up, WoW, by +7 percent, after falling by around
-5 percent the previous week, taking them back slightly above their levels of
week 33, and +4 percent higher than the equivalent week last year. More than
half of that +7 percent WoW increase is explained by the recovery ex-Japan.”
Volumes
from the Middle East and South Asia origins rose by 4% week on week and 7% year
on year, despite the continuing disruptions to capacity and traffic in parts of
that region due to the US–Iran confrontation.
Week-on-week
increases from India to Europe (up 5 percent) and Dubai/Bangladesh (up 6
percent) to Europe contrasted with a drop from Dubai to the US (down 15%).
Out
of Europe and the US, volumes were down week on week by 4 percent and 2 percent
respectively though – “limiting global WoW growth to +2 percent in week 34, and
the YoY [year-on-year] worldwide increase to +5 percent” according to WorldACD.
Similar
to week 32, average global air cargo spot rates rose by 1% week on week. For
China–Europe shipments spot rates have picked up for three weeks in a row as
carriers have adjusted capacity to match new levels of demand in the wake of
the EU de minimis change.
“Among
the key origin markets, spot rates from key high-tech export hubs such as South
Korea (+25%, YoY), Taiwan (+25%), and many parts of southeast Asia, were well
above the regional average, including Vietnam (+22%, YoY), Thailand (+32%),
Malaysia (+42%),” WorldACD observed.
Rates
ex Asia Pacific to the US have held steady of late, as has global airfreight
capacity –which edged up by 1% week on week in week 34.
The
ongoing Israel conflict has impacted capacity out of the Middle East, South
Asia and the Gulf, while Europe and North America have seen increases in
capacity since that war began.
DHL Global Forwarding acquires Aero
Cargas
DHL
Global Forwarding has acquired Uruguay-based logistics and freight forwarding
company Aero Cargas, its long time partner.
The
acquisition strengthens DHL Global Forwarding’s presence in Latin America
(LATAM) and gives the company its first direct operation in Uruguay, an
increasingly important logistics hub for regional and international trade.
With
more than 58 years of experience in the South American logistics sector and a
33-year relationship with DHL Group, Aero Cargas has expertise in air and ocean
freight, industrial project logistics, land transport and customized multimodal
services.
The
company has also developed a strong track-record in Free Trade Zone operations,
pharmaceutical and regional inventory management.
Ongoing
geopolitical tensions and shifts in global shipping routes have exposed
vulnerabilities in traditional trade lanes, prompting shippers to seek more
resilient, high-efficiency routing through LATAM. Uruguay stands uniquely
positioned to capture this shift, said DHL Group.
Located
at the intersection of Atlantic shipping routes and the Southern Cone’s primary
inland waterways, the country serves as a strategic gateway connecting
Mercosur, North America, and key international markets.
The
acquisition enhances DHL Global Forwarding’s strengths in life sciences and
healthcare through pharmaceutical logistics know-how, regional inventory
consolidation services and an established healthcare customer base.
It
also adds further depth in industrial project logistics and multimodal
transportation, supporting customers across a range of high-value sectors.
This
comes at an opportune time as Uruguay’s data center sector continues to expand,
anchored by massive investments from multinational tech giants and state-backed
AI infrastructure, cementing the country’s status as a premier South American
digital hub.
Oscar
de Bok, chief executive DHL Global Forwarding, said: “Latin America is becoming
increasingly important as companies diversify supply chains and strengthen
regional distribution networks.
“With
Aero Cargas S.A., we are establishing DHL Global Forwarding’s first direct
presence in Uruguay and are adding a strategic logistics platform that enhances
connectivity across the Americas.
“Beyond
expanding our geographic footprint, Aero Cargas S.A. strengthens our
capabilities in Life Sciences & Healthcare, Free Trade Zone logistics and
industrial project forwarding.
“Together,
we are creating a stronger platform for customers across the Southern Cone,
combining global reach with deep local expertise and operational excellence.”
Erik
Meade, chief executive DHL Global Forwarding Latin America,
said: “Expanding into Uruguay directly accelerates the execution of our
dedicated Life Sciences & Healthcare strategy.
“In
2025, DHL Group announced an investment plan of EUR 2 billion, with about 10%
expected to be invested in Latin America. Establishing a direct presence in
Montevideo allows us to place part of that investment where our healthcare
customers need these services most.
“More
than $1 billion worth of pharmaceuticals moves through Uruguay annually, as
global pharma brands increasingly rely on the country as their regional
distribution center for Latin America.
“As
Uruguay serves as a key regional distribution hub for active ingredients and
finished products arriving from Europe and North America to be reprocessed,
repackaged, and re-exported to markets like Brazil, Argentina, Chile, and
Colombia, this step ensures our clients can immediately tap into our
specialized capabilities to navigate Latin America’s most critical supply
chains.”
Natalia
Sadurskas, general manager of Aero Cargas, added: “Over the past three
decades, our partnership with DHL has allowed us to build strong customer
relationships and develop specialized logistics capabilities.
“Joining
DHL Global Forwarding marks an exciting new chapter for our employees and
customers. Together, we will be able to offer even greater reach, operational
excellence, and service solutions across Latin America and globally.”
Aero
Cargas will become part of the DHL Global Forwarding
Peru-Ecuador-Argentina-Chile (PAC) cluster led by Eduardo Rodrigues, chief
executive PAC DHL Global Forwarding. All employees of the former company will
transition to DHL Global Forwarding.
Reports: US investigates possible AI
chip smuggling via K+N’s Apex
The
US government is reportedly investigating Kuehne and Nagel’s subsidiary Apex
Logistics for possible involvement in the smuggling of AI chips to China.
The
US has introduced export restrictions on Nvidia’s most modern chips since 2022,
but authorities are now looking into whether they have entered China through
Apex Logistics, said Air Cargo News‘ sister magazine, Nieuwsblad
Transport, citing Bloomberg.
According
to Bloomberg, the investigation revolves around the question of whether Apex
violated US export restrictions when transporting AI systems from Super Micro
Computer.
Nvidia’s
chips are considered the standard for training and running AI models and
companies such as Super Micro process them in servers.
According
to sources, Apex would have facilitated a route in which the servers went from
Taiwan to the US, and then ended up in Hong Kong via an Asian destination.
Apex
says it is aware of the concerns in Washington surrounding “a small number of
shipments that Apex carried out in 2024 that may have involved equipment that
was eventually sent to banned locations.”
It
is unclear what quantities of Nvidia chips are involved in the investigation by
the US.
The
US wants to stop the supply of advanced chip technology to China for fear that
the country will gain military advantage from it.
Since
the introduction of the export restrictions, a network for shadow trade has
been created that, according to the US government, has still resulted in
billions of dollars worth of Nvidia chips being transported to China.
Ethiopian Cargo begins China-Ethiopia
freighter service
Ethiopian
Cargo has started a new freighter service between Chengdu, China and Addis
Ababa, Ethiopia to support trade between Asia and Africa.
The
service began on 28 August and operates between Chengdu Tianfu International
Airport and Addis Ababa Bole International Airport.
“A
new connection takes flight today! Ethiopian Airlines launched a new freighter
service from Chengdu China, opening a new direct cargo link between Southwest
China and Africa,” said Ethiopian Airlines in a LinkedIn post today.
“The
new air link will provide a strong boost to the trade and economic exchanges
between western China and Africa.”
According
to China’s Xinhua News
Agency,
the service will operate twice weekly initially using a Boeing 777 freighter.
The 777F has 5,000 nmi of range with a 107-tonne payload.
The
frequency of the service may also increase to four flights per week in future.
Tang
Ruibo, general manager of Ethiopian Airlines China, said the service will help
strengthen supply chains between China and Africa and support the distribution
of Chengdu’s outbound cargo to key cities in 54 African countries, including
Lagos, Accra, Dakar, Entebbe, and Lubumbashi.
Data
from Planespotters shows that Ethiopian Airlines has 12 777Fs, four converted
737-800Fs; one converted 767-300F; and two 767-300Fs.
Ethiopian
Airlines serves 70 dedicated cargo and 140+ passenger destinations in Africa,
the Middle East, Asia, Europe, and the Americas.
Ethiopian
Cargo handles general and special cargo, including horticulture,
pharmaceuticals, valuables, live animals and e-commerce.
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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