Md Nazrul Islam

Bangladesh is set to reach a milestone in fuel transport with the commissioning of the 250-kilometre Chattogram-Dhaka diesel pipeline in the middle of December.

An inability to open letters of credit (LCs) since the political changeover on August 5 has resulted in the closure of at least seven enterprises owned by the S Alam Group, including its sugar and edible oil refineries and steel factory.

Bangladesh Petroleum Corporation has paid all its dues to foreign suppliers in just two months with the help of seven private banks.

Two tankers caught fire during ship-to-ship transfer of liquefied petroleum gas (LPG) at the anchorage off Kutubdia, Chattogram, early yesterday, in the third incident of vessels catching fire in two weeks.

Four out of five government-owned urea factories have stopped production due to an acute gas crisis, raising concerns over the availability of enough fertiliser during the ongoing Aman paddy cultivation season and the upcoming Boro paddy season.

Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.

Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.

Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.

Islami Bank Bangladesh granted huge loans to various entities from its Chattogram branches. But there’s just one problem: thousands of crores were disbursed to firms that exist only on paper.

Six foreign fuel suppliers are piling pressure on Bangladesh Petroleum Corporation (BPC) to clear outstanding dues amounting to nearly half a billion US dollars, but a forex crunch in local banks is proving to be a major barrier to timely payments.

A century-old British merchant ship has been discovered at the bottom of the Karnaphuli River during dredging operations for the Chattogram Port Channel. .The 350-foot coal-powered vessel was found on August 15 in the Dangarchar area between Jetty 6 and 7 and has since been salvaged. .<

Fishers in coastal regions of Bangladesh have yet to begin operations as the sea remains rough due to a low-pressure area in the Bay of Bengal, according to industry people..Besides, this delay could cause losses for fishers as they already had to suspend their activities during an annual

As traffic movement on highways resumed following the relaxation of the nationwide curfew imposed by the government, fuel transportation from depots to filling stations started in full swing on Wednesday.

The ongoing curfew, which began on Saturday, has resulted in fewer vehicles plying streets throughout the country. As a result, fuel sales have decreased significantly.

Summit’s floating LNG terminal returned to the Bay of Bengal near Moheshkhali after repairs from the damages done by Cyclone Remal in May.

Chittagong University recruited 172 employees without any advertisements and recruitment tests during the tenure of immediate past vice chancellor Shireen Akhter.

The authority or owning firm of the ship, which has been hijacked by Somali pirates, needs to exercise caution while making comments to the media, said a former captain of a vessel who went through the same ordeal.

Suspected Somali pirates yesterday hijacked a Bangladesh-flagged cargo ship with 23 crew members in the Indian ocean, according to the company that owns the vessel.

After a long wait, diesel transportation is going to start through the first-ever undersea fuel pipeline

Diesel transportation from Moheshkhali’s storage tank terminal through the pipeline laid under the sea will finally start on February 29.