Russia-bound Jindal containers stuck at Antwerp port for year -company

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Activity at the port of Antwerp
Electric pylons and power-generating windmill turbines are seen at the port of Antwerp, Belgium February 7, 2023. REUTERS/Clement Rossignol

NEW DELHI, March 24 (Reuters) - Five Russia-bound containers from India's Jindal Stainless Ltd (JSL) (JIST.NS) have been stuck at the Belgian port of Antwerp for around a year, unable to enter the European Union, the company said on Friday.

"The containers are carrying around 100 metric tonnes of stainless steel," a company spokesperson said.

The containers were sent in February 2022 for shipment via Antwerp, but were held up because of EU sanctions imposed on Russia after it invaded Ukraine the same month.

JSL's spokesperson said the stainless steel was not among the goods on the EU's sanctions list, and should be cleared for onward transport.

The Antwerp-Bruges port authority referred the matter to Belgium's federal customs service, which did not immediately respond to a request for comment.

JSL expects its exports to reach a five-year high in the next fiscal year, buoyed by increased shipments to Russia and planned entries into markets in South America and the Middle East, JSL's managing director told Reuters last month.

Reporting by Mohi Narayan and Neha Arora in New Delhi; Additional reporting by Jonathan Saul in London; Editing by Kevin Liffey and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

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Reports on everything from how Asia’s fuel use recovers from the fallout of COVID-19 to tracking how the global energy transition impacts refinery expansion plans and fuel supplies in the coming decades. Mohi analyzes data to produce insights into an array of topics spanning refinery operations and profitability through to global oil trade flows and fuel storage. Also, looks at the electrification of the global auto fleet and its impact on fuel supply chains, and the build-out of petrochemical capacity by refiners trying to reduce dependence on fuel sales.

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