Monday , 26 July 2021
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Category Archives: Port News

Mongla Port capacity expanding

Bagerhat Correspondent The capacity of Mongla seaport is expanding. Modern equipment for cargo handling is being procured, navigability problems are being resolved and several other projects have been implemented to develop the port further. Importers and exporters are turning more and more towards this seaport, the second largest in the country. As a result, the port saw a 28 per ... Read More »

India’s cash crunch affects import from Banglabandha

Bangladesh is also feeling the heat of latest cash crunch in India. The revenue earnings of the Banglabandha port have come down to half in the past one month compared to the previous months. Only 130 to 150 trucks now enter Bangladesh from India through the land port a day whereas the number was over 300, leading to the fall ... Read More »

India demonetisation hits trade thru’ Benapole Land Port

India’s sudden move to replace 500 and 1,000 rupee notes has halved the trade with Bangladesh through the Benapole land port in Jessore, reports bdnews24.com  Opening of trade instruments like LCs and TTs have drastically dropped at banks in Benapole as Indian traders have asked their Bangladeshi counterparts to not do so now anticipating losses. In a televised address on ... Read More »

Traders face huge lose due to barriers unloading containers

Chittagong Correspondent Traders face a huge loss due to indecision and excuses of Chittagong Port Authority (CPA) in case of unloading imported products by Hanjin logo attached containers.   Meanwhile two cargo ships went back from the port as the authority did not allow unloading products.   Chittagong Port Authority (CPA) is not allowing to unload products imported by Hanjin ... Read More »

Chinese President’s Visit: Sonadia Deep-sea Port may be main agenda

businessnews24bd.com The longstanding issue of building a deep-sea port at Sonadia in Chittagong may not be discussed during Chinese President Xi Jinping’s two-day state visit starting Friday. When Jinping visited Bangladesh as vice president in 2010, China proposed to give assistance to Bangladesh for building a deep-sea port in Chittagong, and expressed interest for the same several times since. On ... Read More »

Farmland near Payra Port turns dearer

Kalapara of Patuakhali near the Payra Port, hundreds of signboards could be seen on pieces of land covered by Aman seedlings. After the government moved to establish the port there, the quiet farming neighbourhood has changed. There is rush for buying land by public and private firms and local wealthy people to set up various establishments close to the port ... Read More »

Fire at Benapole Land Port warehouse

A huge fire has erupted in a warehouse at the Benapole land port on the India-Bangladesh border, reports bdnews24.com Benapole is the busiest land port, through which much of the bilateral trade between the two neighbours takes place. Fire service officials said one of the sheds at the warehouse caught fire around 6am on Sunday.  Eye-witnesses said smoke is still billowing out ... Read More »

British company to invest $7.5 b in Dhaka-Payra seaport rail link

businessnews24bd.com A British company has proposed to invest $7.5 billion in the Dhaka-Payra seaport rail link project, a vital infrastructure as part of the government’s ambitious economic development plan. An official of the railways ministry said the UK firm — DP Rail — has submitted a proposal in this regard. The decision about the proposal would be made at a ... Read More »

Bid to evade tax foiled: Cosmetics laden container seized in Ctg Port

businessnews24bd.com, Chittagong Customs Intelligence and Investigation Department (CIID) detained cosmetics laden container at Chittagong Port  recently . The container filled in cosmetics goods was imported from abroad with false declaration aimed at evading  govt duties . CIID sources said  M/s. MR Enterprises of Dhaka imported  these contraband cosmetics from UAE with declaration of  automobile accessories . CIID said bill of ... Read More »

PM opens Payra Seaport

businessnews24bd.com Prime Minister Sheikh Hasina formally inaugurated the operational activities of the third seaport of Bangladesh at Payra in Patuakhali today. She inaugurated the seaport through video conferencing from the Gono Bhaban in Dhaka. The Payra port started its experimental operations on August 1 by unloading stones for the Padma bridge project from the first ocean vessel MV Fortune Bird ... Read More »

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