12.8 C
Hamburg
Friday, June 5, 2020
Home News Changes in the Bangladesh - India deal

Changes in the Bangladesh – India deal

Seagoing container shippers of Bangladesh have urged both the Bangladeshi and Indian governments to allow them to carry goods of third countries for the sake of saving time and money and facilitating the industry to thrive.

Under the current agreement on coastal shipping signed between Bangladesh and India last year, the local (both Bangladeshi and Indian) vessels are allowed to carry the goods only of the two countries in the recognised ports or port of calls.

Since the local vessels cannot carry a third country’s goods, the international main line operators (MLOs) — like Maersk, Hyundai and Hapag-Lloyd — that carry goods from the US, the EU and other countries do not unload the Bangladesh-bound goods at the Indian ports.

Rather, the MLOs take the Bangladesh-bound goods to other ports like Singapore, Colombo or Kelang, where they are stacked in the terminals for at least a month before they are carried to Bangladesh in small vessels.

It takes at least a week for the goods to arrive at the Chittagong or Mongla ports from abroad, said Shaikh Mahfuz Hamid, managing director of Gulf Orient Seaways, a local container shipping line operator.

So in total, it takes about 45 days to carry those goods to Bangladesh.

 

Read more on The Daily Star.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

ZMPC cranes deal boosts the port of Piraeus

COSCO Shipping Ports and Shanghai Zhenhua Heavy Industries (ZPMC), a heavy-duty equipment manufacturer, have signed a contract for three ship to shore (STS) cranes...

Index shows bunker prices steadily increasing

With crude oil prices steadily climbing in price after the April shocks the bunker fuel prices have, as expected, followed suit and have edged...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

New distribution centre opens near APM Terminals Mobile

Automotive lift producer BendPak has opened a new distribution centre near APM Terminals Mobile to serve US Gulf, Midwest, East coast and Canadian markets...

Leading shipping lines reveal rates changes in various regions

Major shipping lines are moderating their rating strategy amid the Covid-19 pandemic, which has caused serious reductions in market demand. Given that the key...