More time has been given to shipbuilders to reschedule their loans

Summary: Shipbuilders in Bangladesh have been given an extra month to reschedule their defaulted loans. The Bangladesh Bank has extended the deadline to apply for rescheduling until December 31. To be eligible for the scheme, shipbuilders will need to make a down payment of 2.5 percent. Content: The...

Bangladesh’s ship recycling yards will receive $1.364m investment from Norway to improve eco-friendliness

Summary:  Norway's government will invest $1.364 million to transform Bangladesh's shipbreaking yards into eco-friendly facilities. This project aims to protect the environment by reducing pollution in the ship breaking industry.  Content: The Ministry of Industries, the Norwegian government, and the International Maritime Organization (IMO) are collaborating on a...

WEBINAR ON FUNDAMENTAL RIGHTS, JUDICIAL REVIEW & WRITS IN BANGLADESH

Procedural violations or administrative actions taken without following due procedure, arbitrarily, unreasonably, or in violation of fundamental rights, etc, can be expeditiously resolved by judicially reviewing the same, popularly known as a filing writ petition, before the Hon’ble High Court, where there is no other...

No compensation will be given by CPA for cargo damage

Summary The Chittagong Port Authority (CPA) has recently announced that they will not be liable for any compensation claims made by port users who have suffered damages as a result of the heavy rainfall and severe floods in the port areas since 5th August. Content The Chittagong Port...

SEMINAR ON DISPUTES INVOLVING CHARTERPARTY IN BANGLADESH

The sustainable development goals have pushed the International Maritime Organization to take measures to reduce pollution caused by ships. The idea behind this plan is to urge the ship-owners to improve carbon intensity by at least 40% by 2023 and cut the emissions by half...

Agreement on Fisheries Subsidies has been formally accepted by New Zealand

Summary: New Zealand accepted the Agreement on Fisheries Subsidies on September 6th, becoming the first country from the Oceania region to do so. Trade and Export Growth Minister Damien O'Connor and Director-General Ngozi Okonjo-Iweala celebrated the achievement in a virtual meeting. New Zealand's contribution of CHF...

HYBRID SEMINAR ON DISPUTES INVOLVING CHARTERPARTY IN BANGLADESH

Bangladesh is a maritime country with 710 KM of coastline at the vertex of the Bay of Bengal. It has two major seaports largest, and busiest one is in Chittagong and the other port is in Mongla at Khulna. Another port named Paira in Potuakhali District is under construction. Besides,...
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