Business Standard

Lockdown: Metal scrap importers risk losing Rs 80,000 cr to shipping lines

Industry sources said that over 250,000 containers are stranded at Indian ports on account of the complete lockdown enforced to check the spread of Covid-19 pandemic

shipping, ports, port, exports, imports
Premium

Fforeign shipping companies have refused to adhere to guideline orders

Jayajit Dash Bhubaneswar
Importers of metal scrap and paper recycling industries run the risk of losing more than Rs 80,000 crore by way of demurrage or detention charges as shipping lines and container freight stations (CFS) are acting in blithe disregard of guidelines issued by the Ministry of Shipping.

Industry sources said that over 250,000 containers are stranded at Indian ports on account of the complete lockdown enforced to check the spread of virulent Covid-19 pandemic. As the pandemic induced lockdown has reduced the availability of manpower and crippled essential services, obtaining clearances is consuming more time than what was customary.

In view

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2020 | 6:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com