Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

JSL to take 'breakbulk' route for exports amid Red Sea crisis.


Date: 31-07-2024
Subject: JSL to take 'breakbulk' route for exports amid Red Sea crisis
Jindal Stainless (JSL) is exploring the breakbulk method for its export shipments at a time when the unavailability and high costs of containers is pushing up costs, managing director Abhyuday Jindal said. "In stainless steel we have to be a little more cautious as compared to carbon steel, but we are exploring that," he said in an interaction post the company's earnings for the June quarter.

The country's largest producer of stainless steel aims to export 10-15% of its total produce in the current fiscal, and counts US and Europe among its key geographies. Its exports in the June quarter were at 10%, down from 17% in the comparable period a year ago. This was largely on account of growth remaining stagnant in US and Europe.

"The ongoing Red Sea issue extended transit times and freight cost fro ..

"The ongoing Red Sea issue extended transit times and freight cost from India to the western markets, and paucity of containers further affected exports," the company said. The cost of containers has risen as much as 300% in some segments and have doubled on an average for several areas, Jindal said.

"There is a substantial benefit in costs, but our major concern is the impact on quality because stainless steel goes into aesthetic applications," he said. The company has already sent one or two shipments through the breakbulk method, and has received a go-ahead from its clients. It will now be pushing up transportation through this route in a larger way from Q2.

Source Name : Economic Times
 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-09-2025
Notification No. 60/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001