• Saturday, Feb 04, 2023
  • Last Update : 10:24 am

Container handling at Ctg port rises 9.42% last month

  • Published at 05:09 pm December 1st, 2018
chittagong-port-export-1531682575867.jpg
File photo of containers in Chittagong port Md Manik/Dhaka Tribune

Exporters said that the container handling increased mainly due to the increase in the import and export volume in recent times

Handling of containers at the Chittagong port has seen a sharp rise in November with the total reaching to 2.65 million TEUs, 9.42% higher than the previous month, shows the data of the Chittagong Port Authority (CPA).

Talking to the Dhaka Tribune, the port authority has attributed the enhanced capacity of the port to the rise of container handling, while the exporters opined that the rise of export-import has brought about the increase.

“To cope with the rapid growth in export and import business, the port authority has taken a number of initiatives to increase the infrastructure capacity of the port. As a part of the steps, the CPA has increased the number of gantry cranes from 4 to 10 recently,” Mohammad Omar Faruk, CPA Secretary told the Dhaka Tribune.

Proportionately, we have also increased other equipment and the efficiency of officials concerned, which has helped increasing the container handling, he said.

Meanwhile, exporters said that the container handling increased mainly due to the increase in the import and export volume in recent times.

According to the Export Promotion Bureau (EPB) data, Bangladesh’s export earnings in the July-October period of the current fiscal registered an 18.65% growth to $13.65 billion, which was $11.50 billion in the same period last year. 

Bangladesh Bank data shows that in the fiscal year 2017-18, Letters of Credit (LCs) settlement reached $51.53 billion, up 16.40 % year-on-year. 

New investment in the manufacturing sector increased the import volume, while the imports for mega projects expedited the growth of import, bankers and businessmen said.

“Due to shortage of equipment, the cargo handling saw a decline in the past. As the ports authority added new machinery, container handling saw a rise,” Centre for Policy Dialogue (CPD) research director Khondaker Golam Moazzem told the Dhaka Tribune, meaning that the port capacity moved towards the better.

In the Fiscal Year 2017-18, the Chittagong Port handled over 2.8 million 20-foot containers, up 12.19%, against 2,503,471 containers in 2016-17.

Chittagong Port is very crucial for the Bangladesh economy as 90% of the country’s export-import business is done through the port.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail