Brief: R R Kabel Exec Says 40%-50% Of Exports Go Through Red Sea Route, All Of It Affected

R R Kabel

30/01/2024 08:26

Jan 30 (Reuters) - R R Kabel Ltd  RRKA.NS :
    * R R KABEL EXEC: CARGO COSTS INCREASED SIGNIFICANTLY
    * R R KABEL EXEC: HAVING TO REROUTE SHIPMENTS TO EUROPE DUE
TO
RED SEA CRISIS
    * R R KABEL EXEC: INCREASED FREIGHT RATE WILL NOT IMPACT
BOTTOMLINE
    * R R KABEL EXEC: RED SEA CRISIS DELAYING SHIPMENTS BY
10-15 DAYS
    * R R KABEL EXEC: INCREASED COSTS WILL BE PASSED ON TO
CUSTOMERS
    * R R KABEL EXEC: NOT SEEING EXPORT SLOWDOWN IN NEAR TERM
    * R R KABEL EXEC: NO SOFTNESS IN DEMAND IN UAE DESPITE GAZA
WAR,
RED SEA CRISIS
    * R R KABEL EXEC: 40%-50% OF OUR EXPORTS GO THROUGH RED SEA
ROUTE,
ALL OF IT AFFECTED

Further company coverage:  RRKA.NS 

 ((Reuters.Briefs@thomsonreuters.com;))