Jindal Steel to buy break bulk carrier ship

Image credit - https://www.jindalsteel.com/

As per recent news of Sept’ 25, India’s second largest steel producer, JSW, Jindal Steel Works are planning to buy a break bulk carrier to be more self-reliant in their supply chain.

Usually steel making company do imports large quantities of coal, coke and flux in million MT and also exports steel in break bulk vessels. Having own vessel will given JSW a competitive edge on logistics cost in the steel market. Even a 10%-30% reduction in the exports cost can make it a forerunner in the steel tenders.

This is an exceptional step in the Indian Steel Sector but a smart one.

As per sources Jindal Steel is in contact with England’s Shipping company – Anglo International Shipping to buy Iron Crusader at a sweeping price of 14.5 million USD, below are the details of the  ship

• Type – Break bulk carrier

• IMO Number - 9448059

• Flag -  Marshall Island

• Built in China

• Length / Width - 249.88 meters / 43 meters.

• Dead Weight – 1,14,200 Tone

• The earlier name of vessel was Anglo Saxon

Image credit - https://www.marinetraffic.com/

In past JSW has bought 4 break bulk small ships with deadweight of 8,000 MT, from Western Marine shipyard Ltd, which were delivered in 2017 and 2020. Name of 2 vessels were JSW Singhad and JSW Lohgad.

Will keep you updated .