Concerns are increasingly being voiced over the Chattogram port’s largest terminal, New Mooring Container Terminal (NCT), being leased out to a foreign operator, as the interim government furthers the initiative undertaken by the previous Awami League government.
Constructed at a cost of Tk 2,000 crore, the terminal was completed by the Chittagong Port Authority in 2007
After a long wait, the Chittagong Port Authority (CPA) finally signed a deal yesterday with a Japanese joint venture to construct a terminal for a deep-sea port at Cox’s Bazar’s Matarbari, some 350 kilometres southeast of capital Dhaka.
The long-awaited journey towards Bangladesh’s first deep-sea port at Matarbari in Cox’s Bazar is finally approaching a major milestone.
The contract will be signed on April 22 under the phase 1 of the Matarbari Port Development Project
After seeing very little progress over the past one and a half years, the Bay Terminal project at the Chattogram port is expected to gain momentum as a development project proposal (DPP) for three crucial components is expected to be placed soon.
The feud between shipping agents and berth operators over increasing the onboard container handling rate has remained unresolved for over three months now, despite repeated attempts by the Chittagong Port Authority (CPA).
Shipping agents, berth operators deadlocked over Tk 205 rate hike
Tension surrounds the upcoming biennial election of the Bangladesh Shipping Agents Association (BSAA), scheduled to be held next month, as a group of outsider pro-BNP business leaders are allegedly pressuring for the selection of an unelected committee comprising their chosen members.
A prior warning from the Chittagong Port Authority (CPA) about a fourfold hike in container storage charges for longer stays has proved fruitful in combating acute congestion inside the port yards.
Container handling at six jetties under Chattogram port’s general cargo berth (GCB) remains disrupted as berth operators continue slowing down operations amid an unresolved dispute with shipping agents over onboard container handling charges.
CPA seeks shipping ministry’s intervention
The shipping ministry has withdrawn the fixed freight rate for vessels on the Chattogram-Pangaon route in a bid to revive cargo transport via river, which has seen a drastic decline over the past year.
Agreements between vessel owners and mainline operators will determine it
Chittagong Port Authority (CPA) has threatened hiking fourfold its container storage charge if consignees do not speed up the rate at which they take away imports by March 9.
The Bangladesh Shipping Corporation (BSC) is going to purchase six modern container ships from South Korea at a cost of $330.32 million to break the stranglehold enjoyed by non-Bangladeshi feeder vessels, which results in the loss of a substantial amount of foreign currency in freight costs.
The Chattogram port has been facing acute congestion caused by a pileup of import-laden containers, particularly ones bound for the Kamalapur inland container depot (ICD) in Dhaka.
The Chattogram port has been facing acute congestion caused by a pileup of import-laden containers, particularly ones bound for the Kamalapur inland container depot (ICD) in Dhaka.
