Summary: The verdict of the Competition Commission not being enough to handle the issue needs further actions from the government to form a body on transport management and fixing fares. Content: The surge in charges for transportation of goods at seaports under a ‘monopoly' in lighter-vessel operations, according to a case trial, is a major cause of excessive costs that customers have... Read More
LAWS RELATING TO MARITIME LIEN AND MARITIME CLAIMS IN BANGLADESH A traditional maritime lien is a secured right in the “res", i.e., in the property of another (ordinarily the ship), which arises with the claim, without registration Or other formalities it; travels with the vessel even if it is sold to third party; Which remains with the vessel until it... Read More
Summary: Prices to ship containers from Asia to the U.S. And Europe have gone high due to the disruptions across the supply chain that triggered bottleneck inland distribution and delays. The executives in the shipping industry expect this situation to remain for the rest of the year. Content: According to a global pricing index by London-based Drewry Shipping Consultants, the average price... Read More
Summary: The continuous global clamor for attention towards the ship’s carbon emission has pushed the International Maritime Organization to take measures to reduce pollution caused by ships. The IMO will also research market-based incentives for the purpose of adopting such mechanisms by 2024. Content: To face the rising pressures from the government and its own ranks over environmental goals, The IMO... Read More
[Source: IMO] Maritime cyber risk refers to a measure of the extent to which a technology asset could be threatened by a potential circumstance or event, which may result in shipping-related operational, safety or security failures as a consequence of information or systems being corrupted, lost or compromised. Cyber risk management means the process of identifying, analysing, assessing and communicating... Read More
Source: The Business Standard [Source: The Financial Express] The Matarbari power plant project was conceived in the government plan in September 2011 and received environmental approval in October 2013. The ground-breaking ceremony for the project was held in January 2018 as its operation is expected to begin by June 2023. Officials said a new deep-sea port facility named Matarbari Port would... Read More
COVID-19: COLLISION RISK AT CHITTAGONG PORT, BANGLADESH The width of the navigational channel of the Karnaphuli river varies from place to place. The propelling distance from the pilot ground at the outer anchorage to the main jetties of Chittagong port is approximately 11 nautical miles. In the navigational channel, there are three bars namely the Outer Bar, the Inner Bar... Read More
Banks can now remit shipment tracking charges without the approval of the central bank – in a move to further ease the country's foreign trade. From now on, for import payment, banks will have to take confirmation about whether the goods are on board or not. So, the lenders will need to pay charges to foreign agencies to track shipments. "We... Read More
The government of Bangladesh has prepared a dredging master plan to dig a total of 10,000 km of rivers to enhance their navigability facilitating water transportation. State minister for shipping Khalid Mahmud Chowdhury said about 178 rivers will be dredged in the next five years. Bangladesh Inland Water Transport Authority (BIWTA) and Bangladesh Water Development Board will jointly dredge the rivers... Read More
Dredging at Karnaphuli River, where the Chittagong seaport is situated, is seriously hampered due to the presence of huge plastic materials, including plastic bottles and polythene bags, in the riverbed. The ongoing capital dredging work is thus facing massive disruption, which the Chittagong port officials find as a threat to the navigation of large vessels. Port officials are now maintaining a... Read More
