Without proper oversight, even foreign operators fail to deliver.
Although the National Board of Revenue (NBR) resumed regular operations yesterday after nearly two weeks of protests and work abstentions, ship and container congestion has once again gripped the Chattogram Port, triggering concern among businesses over potential delays in cargo handling and increased logistics costs.
The three-day blockade was called over the handover of the NCT to a foreign operator
Picture a crowded harbour where the salty seabreeze carries whispers of far-off lands, where merchants of all creed and caste haggle over silks and spices, and where towering ships of all varieties – Chinese junks, Arab dhows, and Portuguese carracks – sway gently in the waters of the Bay of Bengal.
About 2 lakh tonnes of imported goods left abandoned at Chattogram port alone for years
Container movement between the port and 21 private ICDs remains suspended since morning
The government is considering appointing some of the world’s most experienced port operators to manage Chattogram Port and other sea and land ports in the region, said Chief Adviser’s Press Secretary Shafiqul Alam yesterday.
Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal
Once approved, a loan deal with the World Bank will be signed
The transport of export and import containers between private inland container depots (ICDs) and the Chattogram port faced little disruption yesterday, the first day of the three-day blockade enforced by BNP and Jamaat-e-Islami.
A countrywide dawn to dusk hartal enforced by opposition parties BNP and Jamaat-e-Islami yesterday had little impact on operational activities at the Chattogram port.
The Chattogram port has the potential to draw around $5 billion to $7 billion in foreign direct investments over the next three years, said Rear Admiral Mohammad Sohail, the newly appointed chairman of Chittagong Port Authority (CPA), yesterday.
About half the imports through Chattogram port during fiscal year (FY) 2022-23 were made up of just 25 products that have industrial or household applications, according to data of the Chattogram Custom House.
The 2023 edition of the Lloyd's List One Hundred Ports was published last week
The maritime port in Cox's Bazar has been asked to hoist cautionary signal (Great Danger Signal) 10 as cyclone Mocha has intensified into an extremely severe cyclonic storm over the east central Bay of Bengal.
Such incidents are becoming a serious problem for apparel exporters
A breakthrough finally came about yesterday over a stalemate centring issuance of waiver certificates which allow foreign flagged container vessels to carry cargo to and from the country’s seaports.
Sabiha Saiki Fashion shipped 85 consignments worth Tk 22 crore through Ctg port in the last three years using fake documents
Imports through Chattogram port fell 2.5 per cent year-on-year in the first six months of the current fiscal as rising US dollar prices pushed up the overall costs involved, according to traders.
