Bangladesh’s Chittagong port handles record number of containers – Trade news

The Bangladeshi Chittagong Port handled 3.255 million containers in the 2021-2022 financial year, a record high and an increase of 5.1% from the previous year, the Daily Sun reported on July 3. In terms of total cargo handling volume, fy2021-2022 was 118.2 million tons, an increase of 3.9% from the previous fy2021-2022 level of 1113.7 million tons. The Chittagong Port received 4,231 incoming vessels in fy2021-2022, up from 4,062 in the previous fiscal year.

The Chittagong Port Authority attributed the growth to more efficient management practices, the acquisition and use of more efficient and complex equipment, and port services that were unaffected by the pandemic. Relying on the existing logistics, the Chittagong port can handle 4.5 million containers, and the number of containers that can be stored in the port has increased from 40,000 to 50,000.

Although the international shipping market has been hit by COVID-19 and the Conflict between Russia and Ukraine, Chittagong Port has opened direct container transport services with several European ports, mitigating some of the negative impact.

In fy2021-2022, the Revenue from customs duties and other duties of the Chittagong Port Customs was Taka 592.56 billion, an increase of 15% compared to the previous fy2021-2022 level of Taka 515.76 billion. Excluding arrears and late payments of 38.84 billion taka, the increase would be 22.42 per cent if arrears and late payments were included.


Post time: Jul-21-2022