Port and Shipping
Maersk suspends vessels' passage through Red Sea strait for 48 hours
Maersk suspending its vessels' passage through a key Red Sea strait for 48 hours, following an attack by Yemeni rebels on one of its merchant ships
Abu Dhabi Ports Group seeks to invest $1b in Bay Terminal
Abu Dhabi (AD) Ports Group has offered to invest $1 billion to construct a multipurpose terminal, one of four under Bay Terminal, in a joint venture with Chittagong Port Authority (CPA), said CPA Chairman Rear Admiral Mohammad Sohail yesterday.
AD Ports offers to invest $1b in Ctg port
Abu Dhabi (AD) Ports Group has offered to invest $1 billion to construct a multipurpose terminal, one of four under Bay Terminal, in a joint venture with Chittagong Port Authority (CPA), said CPA Chairman Rear Admiral Mohammad Sohail today.
Container handling to fall for second consecutive year
For the second year in a row, the Chattogram seaport may face a drop in annual container throughput due to frequent declines in monthly container handling.
Red Sea impasse to push up cost of importers-exporters
Importers and exporters in Bangladesh started to feel the pinch of the transit disruption through the Red Sea route as major shipping lines announced, and in some cases even began implementing, additional surcharges to cover costs for re-routing their vessels around Africa’s Cape of Good Hope following attacks by the Yemen-based Houthi militant group on the Indian Ocean.
Shipping dept forms committee to solve disputes
A committee will be formed comprising representatives of all the stakeholders and regulatory authorities to find a way forward by resolving the prevailing disputes among lighter vessel owners regarding transport of import cargo from the Chattogram port on inland waterways.
Lighter Vessel Charter Dispute / Shipping dept calls owners to sit for solution today
The Department of Shipping (DoS) has called a meeting at its Dhaka office today in the afternoon for lighter vessel owners to sit and fix a rift in a platform which coordinates the renting out of the vessels in rotation.
Post-LDC challenges now a headache for Bangladesh: finance secretary
The govt targets achieving one crore direct taxpayers by 2026, he says
GSP Finance incurs loss for fourth consecutive quarter
Its EPS stood at Tk 2.75 in the negative in Jul-Sep
Ctg-based lighter vessel owners announce split from Water Transport Cell
They will operate separately under the Inland Vessel Owners Association of Chattogram
Indo-Bangla meetings of shipping secretaries begin
The event is going on at Intercontinental Hotel in Dhaka
Exporters fear delays, surge in cost
Bangladeshi exporters are apprehending prolonged delays in shipments and a surge in transport costs following recent attacks on commercial vessels on the Red Sea
Bangladesh, India meeting on waterways use Dec 19-20
A meeting between the shipping secretaries of Bangladesh and India is scheduled to begin in a Dhaka hotel on December 20.
CPA hopes to sign deals with 2 firms by June
CPA is hopeful of signing agreements with two global firms by June next year for the construction of two of three container terminals under a mega Bay Terminal project
Chattogram port in focus as Russian shipping giant expands in Asia
Fesco introduced a container service in Bangladesh as a part of its push to facilitate direct shipping from the Indian subcontinent to Russia.
‘Local plastic goods makers should maintain safety standards to boost exports’
Industry experts say at a workshop
IMF, ADB loans to boost reserves in Dec: Bangladesh Bank
IMF will give $689 million, ADB $400 million and other sources $220 million
