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Five times increase in container rent! 40 per cent decline in ceramic exports

Morbi exporters and importers in confusion following pirate terror in Red Sea

The ceramic industry of Morbi has had a major impact and there has been a 35 to 40 per cent decline in exports, after shipping companies have diverted routes and charged surcharges on container fares due to the terror of Houthi rebels in the Red Sea.

The goods exported from India to Europe and America are transported through the Red Sea. Still, currently, as the Iran-backed Houthi rebels are targeting commercial ships, most of the shipping companies have decided to stop shipping through the Red Sea and are shipping through the Middle East Sea route. has increased.

On the other hand, due to the terror of Houthi rebel pirates in the Red Sea, the goods exported to Europe and American countries have been transported on diverted routes since December 19, after the shipping companies implemented a surcharge, Morbi’s ceramic export has decreased by 35 to 40 per cent, Morbi Ceramic Association President Mukeshbhai Kundaria has said. Also, Digpal Singh Jadeja, who is associated with the container business, said that looking at the current situation in the Red Sea, the container which used to go for $700 is now going for $3500, so due to the increase in the fare, both exporters and importers have been put in trouble. The same situation is feared to remain for the next three months. But they expressed.

Nileshbhai Jetaparia, a leading exporter of Morbi, said that due to the tense situation in the Red Sea, the prices of Indian products will increase shortly as the shipping charges will increase, which will increase the burden on the importers of that country, which will make our goods more expensive for them, due to which the container loading process will also be affected for some time to come. He added that exports have decreased by 35 per cent at present.