Congestion at Chittagong as boxes pile up on docks and ships wait at anchor
Bangladesh’s main container gateway, Chittagong port, is grappling with severe congestion and vessels backing up, ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
A thorough article on India’s ports business from Livemint and the knowledgeable P Manoj. The government has earmarked large sums to build a new transhipment port on the southern tip of India, to reduce the country’s reliance on Colombo. At the moment, about 25% of India’s volumes go through ports in other countries, such as Singapore, so it is looking to build new ports – which included Cochin, a “first experiment … which is floundering”. This article warns that unless India facilitates transhipment in the country and cuts red tape, the efforts could fail.
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