Bangladesh, Sri Lanka Finalize Coastal Shipping Deal to Cut Transshipment Cost

26 October 2018

Bangladesh and Sri Lanka have finalized a coastal shipping agreement that would cut transshipment costs and reduce travel time between Chittagong, Bangladesh, and Colombo, Sri Lanka. The agreement will be signed once it receives approval at the Cabinet level in Sri Lanka.

Sri Lanka is positioning itself as a hub for multi-country consolidation (MCC) services, where less-than-container load cargo from different origins may be combined into a full container load before being shipped to their countries of destination, said Mr. Malik Samarawickrama, Development Strategies and International Trade Minister, Sri Lanka.

MCC optimizes cargo flows and reduces international transport costs, and is useful for both large companies and small and medium-sized enterprises that source or ship a small volume of goods.


Related Links:
Construction and rail procurement for the Jayanagar (India)-Janakpur (Nepal) rail service...

Read More


The Cabinet Committee on Economic Affairs of the Government of India, ...

Read More


Cargo containers using the Electronic Cargo Tracking System (ECTS) bound for Nepal...

Read More


The mini-dry port in Phuentsholing, Bhutan, built with loan/grant financing support...

Read More


Mr. Md. Mofizul Islam, Secretary, Ministry of Commerce of the Government of...

Read More


Mr. Abdul Momen, Foreign Affairs Minister of the Government of Bangladesh, undertook a...

Read More


President Ibrahim Mohamed Solih, Maldives, said Sri Lanka’s similarities with Maldives make it easier for the two countries...

Read More