Capital dredging at Payra port began today just after the inauguration of the project by Prime Minister Sheikh Hasina, said Rear Admiral Mohammad Sohail, chairman of the Payra Port Authority.

Daily essential commodity and raw material importers have called for proper management in the ports to bring an end to the harassment of the customs and shipping agents.

The government should rationalise the existing tariff structure, as Bangladesh will face a few challenges in case of giving subsidies after its graduation to a developing nation, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

The bilateral trade between Bangladesh and Vietnam hit $739.89 million in fiscal year 2020-21 and it could be enhanced to $2 billion through mutual cooperation, exchange of business delegation and joint research.

Bangladesh should ratify the Hong Kong Convention, as the declaration will help the south Asian country become the leader in the ship recycling industry, Norwegian Ambassador Espen Rikter-Svendsen said today.

Shipping agents are facing difficulties in submitting the registration number and import general manifest (IGM) against their vessels due to a glitch in the related server of the National Board of Revenue (NBR), leading to delays in import-export activities.

Import and export of containerised cargo through the country’s premier seaport in Chattogram fell in the first quarter of the current fiscal year compared to that last year, indicating a slowdown in foreign trade resulting from global economic downtrends. 

Veon has achieved double-digit growth in Bangladesh and the parent company of Banglalink is now investing heavily in its network in key regions, including Chattogram, to maintain the growth, Veon Group CEO Kaan Terzioglu said today.

Last month, Bangladesh’s export earnings fell to a 13-month low of $3.9 billion. Why?

The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said today.

Rubana Huq, former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has been honoured with the Human Right Award by CNMI Sustainable Fashion Awards 2022 on the occasion of Milan Fashion Week.

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday said businesses require longer than 11 days found by the National Board of Revenue (NBR) in a recent study to release goods from the Chattogram port.

Bangladesh should formulate a national logistics policy, which will help build an integrated logistics system centring the Chattogram port, experts said today.

Increased use of Saidpur airport by the neighbouring countries, including Bhutan, will increase Bangladesh’s regional trade, Commerce Minister Tipu Munshi said today.

The government should set up testing labs at ports to ensure fast delivery of imported goods and products for uninterrupted production, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Local shipbuilder Ananda Shipyard & Slipways Ltd today handed a multi-purpose container vessel to its buyer in United Kingdom.

A Bangladeshi vessel—MV Trans Samudera—carrying an Indian transit container from Kolkata reached Chattogram port today.

Businesses have to wait 11 days and six hours to have their cargo released after their arrival at seaports, according to the Time Release Study (TRS) 2022 of the National Board of Revenue. 

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from Japan International Cooperation Agency (Jica) to establish lab facilities at land, sea and international airports in Bangladesh.

The owners of private inland container depots (ICDs) today revised down tariffs for all the five types of services in container handling a day after the latest government move to trim fuel prices.