State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.

Container storage rent at the Chattogram port from tomorrow could quadrupled for stays of excessive periods as Chittagong Port Authority (CPA) looks to force importers to promptly take deliveries and free up space.

The Burimari land port has long been suffering from space shortage and traffic congestion, preventing businesses from Bangladesh from elevating trade with India, Bhutan and Nepal as its capacity has not expanded in line with rising commerce.

The construction of the cargo vehicles terminal at the Benapole Port has begun as the government looks to improve the capacity of the largest land port in South Asia.

Global ports and terminal operator APM Terminals, a subsidiary of Danish shipping company AP Moller Maersk, has expressed interest in developing and operating the under-construction Patenga Container Terminal of the Chattogram port.

The prospect of direct container shipping from Chittagong Port to European destinations is widening as at least four more countries have expressed interest in directly transporting goods by sea from Chattogram to Europe.

Saif Powertec, a logistics and container supply chain management provider, is building a multipurpose jetty at the Mongla port with an estimated investment of around Tk 1,600 crore to handle both container and cargo ships, said officials yesterday.

Mongla port, the country’s second biggest seaport, has made a strong comeback as it sees an increased arrival of ships, making it a major gateway for Bangladesh’s overseas trade once again.

The export-import activities between Bangladesh and India through the Benapole Land Port was suspended indefinitely after a strike was called by port users at the Petrapole port in India this morning.

Chattogram Customs House has seized a consignment on charges of laundering Tk 1.6 crore by exporting 22 times more goods than the declaration.

A newly built service jetty, overflow yard and a modern swimming complex were opened at Chittagong port yesterday.

Bangladesh’s premier seaport in Chattogram handled record number of containers in 2021 and also posted over 13 per cent year-on-year growth in container handling.

Bangladesh now has a fleet of 80 oceangoing vessels, a record high since the country’s independence.

Cybercriminals breached the “secure” NBR server to falsely show export of goods worth around Tk 12.78 crore.

Bangladeshi feeder vessel operator HR Lines, a subsidiary of the country’s only container vessel owning firm Karnaphuli Group, is now in the final stage of negotiations with a Chinese shipbuilder over building four 3,000 TEU-capacity vessels.

Traders who import goods from Myanmar through Teknaf land port have become hostage to an organised syndicate at the trade gateway on the southeastern border of the country.

The port city is set to get its first multi-modal container depot in two years, which will enhance Chattogram port’s capacity to handle export-bound and imported goods.

US President Joe Biden was to host a meeting on Wednesday to hail progress in addressing supply chain problems weighing on the economy and threatening the holiday season, while he asks business and union leaders to do more to ease shipping backlogs.

Trade  through Banglabandha, Hili, Birol, Sonahat and Burimari land ports is  set to remain suspended for six days beginning yesterday for Durga Puja,  the biggest religious festival of the Hindu community in Bangladesh and  neighbouring India.

Entrepreneurs in Bangladesh need as many as 39 approvals from various government agencies before their goods are released from Chattogram port, a sad circumstance that hurts businesses, a new report said.