HutchWatch: Panama pain and PSA plans – where we stand
Predictions
Two global port operators – PSA and Saudi Arabia’s Red Sea Gateway Terminal (RSGT) – have been shortlisted to construct Bay Terminal, a 12-metre draught facility near Chittagong port.
At the same time, RSGT and DP World are on the priority list for operating the under-construction Patenga Container Terminal, which will raise Chittagong port’s container handling capacity significantly.
The Bangladesh government is keen to enhance goods capacity of the country’s prime seaport, which frequently faces acute congestion.
“We are in talks with these ...
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