Bangladesh: There is almost a complete breakdown in the management of Chittagong Port leading to huge economic losses for the country, according to reports in The Financial Express.
During a meeting held in the office of the Prime Minister on September 15 to discuss the situation in Chittagong Port the shipping ministry and the port authority blamed each other for the deteriorating situation.
There is serious congestion of ships and containers and many ships have cancelled their Chittagong-bound journey.
Representatives of trade bodies called for taking action to tide over the situation, reported the newspaper. They said that there was no control mechanism in the port and work has slowed on the container jetty. On September 17, the number of ships stood at 83 at the jetty and in the outer anchorage.
Many Chittagong bound ships from Singapore have cancelled their voyages. It is estimated that the garment sector has lost about BDT10 billion (US$143 million) in the last four months because of delays in the port.
Source: The Financial Express
