The Bangladesh Shipping Corporation and Sri Lanka's Ceylon Shipping Corporation plan to launch a container feeder service joint venture to provide exporters, importers, and local coastal traders with a dependable and effective container feeder service option. The two companies are also exploring potential supply chain collaboration.
Tags: Bangladesh, Sri Lanka, Shipping, Exports, Imports, Trade
India has signed investment agreements worth $31 million at the Integrated Transport and Logistics Summit in New Delhi, India. The agreements form part of the Government of India’s holistic approach to spur infrastructure growth, according to Mr. Nitin Gadkari, Road Transport and Shipping Minister, India.
Tags: India, Transport, Shipping
The Ministry of Shipping, Government of Bangladesh, has ordered upgrading of the Banglabandha Land Port to cater to rising trade with Nepal. This includes improving and building new loading and unloading sheds, and other needed infrastructure, such as warehouses, vehicle parking, and the road leading to the port.
Tags: Shipping, Bangladesh, Nepal, Transport, BBIN
Freight forwarders in Nepal have urged early operationalization of the Vizag Port in India as an alternative port for Nepal trade. According to the Nepal Freight Forwarders Association, ocean freight costs, Customs house agent charges, and other logistic costs can be reduced by directing trade through Vizag Port.
Tags: Nepal, Shipping, Trade Facilitation
Plans are underway to open up coastal shipping routes between Bangladesh and India to passenger and cruise vessels. According to Bangladesh Minister of State for Foreign Affairs Md Shahriar Alam, the two countries are in talks to sign a memorandum of understanding allowing Indian vessels through Bangladesh's waterways, to ease travel to India's northeast.
Tags: Bangladesh, India, Transport, Shipping
Chittagong Seaport attained its 2016 target of handling 2 million twenty-foot equivalent units (TEU) of containers one year early. This announcement was made by the Chittagong Port Authority on 3 January 2015 in Dhaka, Bangladesh, with Shipping Minister Shajahan Khan as chief guest. According to Minister Khan, Chittagong Port's container holding capacity increased to 40,000 TEU, owing to a rise in container handling demand, which grew by 700,000 TEU in the last 3 years.
Tags: Bangladesh, Trade Facilitation, Trade, Transport, Shipping