Open tender set to launch to find new operator for Chittagong box terminal
Bangladesh is to launch an open tender for the chance to operate its largest box ...
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AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
Air freight costs for shipments to Europe out of Bangladesh, Chad and Kuwait rose yesterday, after they joined a list of “high-risk countries” (RED) under new security regulations.
The changes, which came into effect on 1 June, could also mean less freighter capacity entering the countries, according to forwarders, as well as delayed transit times.
One forwarder in Bangladesh noted: “There will be new security measures shortly, implemented by all airlines. Their capacity will reduce due to re-screening methods at transit points, and re-screening charges will be added to freight, with long transit delays for shipments moving to the EU.”
Another freight forwarder told The Loadstar: “Airlines may pull down some freighter capacity, as the infrastructure may not cope with the additional air freight security processes.”
The regulations, which require the additional screening of shipments, will lead to extra transit times of two to three days.
IAG Cargo has already issued a note to customers, adding a AED0.4 ($0.10) security charge per kg.
While the export markets from Chad and Kuwait into the EU are not significant, Bangladesh is a different matter. The EU is Bangladesh’s main trading partner, accounting for some 24% of its total trade in 2015 and absorbing 47% of its exports.
But while the measures will increase time and cost, the forwarder said otherwise there would be “no major effect”.
“This additional security measure has been mooted for several weeks, so it’s no surprise. There will probably be no major effect, providing facilities can cope with the extra operational processes,” he said.
Other countries deemed high-risk by the EU are Djibouti, Nigeria, Afghanistan, Mauritania, Pakistan, Lebanon, Libya, Iraq, Mali, Niger and Sudan.
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