Port of Chittagong

World Bank, Bangladesh sign multi-million financing package to enhance trade

On 23 April, Bangladesh and the World Bank signed two financing agreements totaling US$850 million to help the country develop the Bay Terminal deep-sea port and modernize the national social protection system to accelerate job creation and inclusive growth.

“To remain on a sustainable growth path, Bangladesh must create quality jobs for its population, particularly for the nearly 2 million youth who enter the labor market every year,” said Gayle Martin, World Bank Interim Country Director for...

https://container-news.com/world-bank-bangladesh-sign-multi-million-financing-package-to-enhance-trade/

Japanese firms to build new terminals at Matarbari Deep Sea Port

Bangladesh awarded contracts to two Japanese companies – Penta-Ocean Construction and TOA Corporation – to build one container terminal and one multipurpose terminal at Matarbari Deep Sea Port in Cox’s Bazar district.

Under the deal, a 460-meter container terminal and a 300-meter multipurpose jetty will be built, allowing 350-meter and 200-meter ships to take berth at the new terminals.

Container vessels with a capacity of 8,200 TEUs and a water draft of 14.5 meters will be able to berth in the...

https://container-news.com/japanese-firms-to-build-new-terminals-at-matarbari-deep-sea-port/

Japanese JV to construct new container port in Bangladesh

A joint venture of Japanese construction groups Penta-Ocean Construction and TOA Corporation has been chosen to build the new Matarbari port in Bangladesh.

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https://container-news.com/japanese-jv-to-construct-new-container-port-in-bangladesh/

Chittagong Port Faces Severe Congestion Following Transport Strikes

Chittagong Port is grappling with acute congestion at its outer anchorage and container yards due to repeated disruptions caused by Prime Mover and Trailer workers last week. The suspension of container transportation has led to a backlog of vessels and containers, significantly delaying port operations.

As of Monday (10 February) morning, 14 container ships were waiting at the outer anchorage, some for as long as five days. The crisis began on 4 February when government employees allegedly...

https://container-news.com/chittagong-port-faces-severe-congestion-following-transport-strikes/

RSGT Bangladesh invests US$25 million in hybrid port equipment

RSGT Bangladesh, the first privately-owned container terminal in the country, is substantially upgrading its operational capabilities at Chittagong Port with an investment exceeding US$25 million in 14 advanced hybrid Rubber-Tyred Gantry cranes (RTGs).

These cranes, manufactured by GENMA-KALMAR in Taicang, China, feature cutting-edge battery-hybrid power technology, significantly reducing fuel consumption and greenhouse gas emissions compared to traditional diesel-powered RTGs. They are also...

https://container-news.com/rsgt-bangladesh-invests-us25-million-in-hybrid-port-equipment/

Port of Chittagong reports improved container performance in 2024

Port of Chittagong achieved a 7.4% growth in container handling in 2024 compared to 2023, despite severe political unrest and recurrent floods.

The major port of Bangladesh handled a total of 3.276 million TEUs in the just concluded year, compared to 3.05 million TEUs in 2023, which is a record in the history of the port.

Additionally, the port handled 123 million tonnes of cargo during the year, registering a 3.1% growth compared to 2023. Moreover, some 3,867 vessels were called at the port in...

https://container-news.com/port-of-chittagong-reports-improved-container-performance-in-2024/

India and China in Strategic Contest

The ports of Mundra, Chennai, and Mumbai in India, along with Bangladesh’s Chittagong, China’s Shanghai, Sri Lanka’s Hambantota, and Myanmar’s Kyaukpyu, form critical nodes in the global container shipping network.

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https://container-news.com/india-and-china-in-strategic-contest/

Bay of Bengal in the Center of Geopolitical Dynamics Amid High Port Competitiveness

As the Indo-Pacific concept gains traction, the Bengal area is expected to emerge as a major center of economic development in Asia in the coming years, potentially becoming a new focal point.

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https://container-news.com/bay-of-bengal-in-the-center-of-geopolitical-dynamics-amid-high-port-competitiveness/

Chittagong port sees 13% fall in export container handling

Handling of outbound containers at Chittagong port fell by 13% in October, compared to September, in a month that both the transport drivers and garment workers enforced repeated strikes.

Data shows that in October, the prime seaport of Bangladesh handled 66,932 TEU of export containers compared to 75,603 TEU in the previous month.

During the just concluded month, the Chittagong-based prime mover and trailer drivers enforced strikes twice, once for 32 hours and another time for 23 hours,...

https://container-news.com/chittagong-port-sees-13-fall-in-export-container-handling/

Rising competition among Bengal ports, while India and Bangladesh advance development projects

The Bay of Bengal has become more and more influential in the global shipping industry due to its strategic location which is attracting more international shipping lines and logistics investments.

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https://container-news.com/rising-competition-among-bengal-ports-while-india-and-bangladesh-advance-development-projects/

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