Dhaka

Bangladesh fears ‘inadequate’ feeder services could result in a cotton crisis

Bangladeshi textile millers fear a massive shortage of cotton in the coming months, as shipping lines seem ‘unwilling’ to carry Chittagong-bound cargo owing to a shortage of feeder vessels.
“Mother vessels wait in transhipment ports, but feeder services are inadequate and fail to reach them in time,” said Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA).
With no deepsea port, Bangladeshi textile exports and imports are dependent on feeder …

The post Bangladesh...

https://theloadstar.com/bangladesh-fears-inadequate-feeder-services-could-result-in-a-cotton-crisis/

New lockdown and suspension of passenger flights hit Bangladesh exports

A capacity crunch, caused by the suspension of international passenger flights, has increased air freight rates out of Bangladesh by up to 30%, with a particular rise in Dhaka-US lanes.
As the Covid-19 situation worsened, Bangladesh’s government enforced a ‘hard-lockdown’ on 14 April and, since then, all regular passenger flights have been suspended.
About 65% of all air freight out of Bangladesh is carried on on passenger aircraft, according to Kabir Ahmed, president of the …

The post New...

https://theloadstar.com/new-lockdown-and-suspension-of-passenger-flights-hits-bangladesh-exports/

More misery for apparel houses as air freight rates ex-Bangladesh double

Air freight rates out of Bangladesh have doubled in recent months, spiked by a severe capacity crunch due to coronavirus-linked operational suspensions and growing demand.
Shippers are now paying twice pre-pandemic rates for expedited shipments, which they describe as a “big burden in this challenging period”.
To carry goods to European airports, air cargo operators are charging more than $3.65 per kg, compared with $1.80 in March last year, and $6.20/kg to …

The post More misery for apparel...

https://theloadstar.com/more-misery-for-apparel-houses-as-air-freight-rates-ex-bangladesh-double/

Bangladesh in lockdown as virus halts business and threatens the economy

Bangladesh’s key seaport, Chittagong, is facing heavy congestion in its yard as a government-decreed national holiday restricts the flow of goods.
The government has declared a 10-day general holiday between 26 March and 4 April, barred people from going outside from home and halted all types of commercial activities except emergency services.
Chittagong is continuing operations amid the virtual lockdown in an attempt to avoid vessel congestion and the creation of a …

The post Bangladesh in...

https://theloadstar.com/bangladesh-in-lockdown-as-virus-halts-business-and-threatens-the-economy/

Chittagong port ready for a business boost as connectivity expands

Chittagong port officials think its hinterland connectivity will improve significantly this year, boosting its handling capacity and facilitating trade.
Last year, the port handled just over three million teu of containers, up 6.34% on 2018, along with 103m tonnes of bulk cargo, up 7%.
The port’s original handling capacity was 1.7m teu, which has gradually improved through adding equipment and terminals.
Chittagong Port Authority (CPA) member Zafar Alam told The Loadstar transport of goods …

The...

https://theloadstar.com/chittagong-port-ready-for-a-business-boost-as-connectivity-expands/

Another trade route for Bangladesh with new Biman flights to Manchester

Bangladesh has found a new trade route, at a time when its export market is booming. 
Exports hit an all-time high of BDT279.82bn ($3.3bn) in July, the latest data available, showing a near-20% rise on June. 
As the world’s second-biggest apparel exporter, after China, it is likely to have benefited from US tariffs on Chinese goods.  
From January, Biman Bangladesh Airlines will operate a thrice-weekly service between Manchester and Dhaka, using a 787, via the …

The post Another trade route for...

https://theloadstar.com/another-trade-route-for-bangladesh-with-new-biman-flights-to-manchester/

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