Date: 02/04/2024

Bangladesh to revive struggling Pangaon port 

Bangladesh’s government is taking steps to turn the Pangaon Inland Container Terminal into a profitable port as it is on the verge of closure amid alleged harassment by Customs officials and mismanagement. In August of last year, 25 ships had anchored at the port. That number decreased to 7 in September. In the following month, the number further decreased to just 6.
Efforts are underway to revitalise Pangaon port into a profitable entity by improving cargo handling services to alleviate road congestion. Plans to attract more cargo traffic and streamline operations aim to mitigate the plight of workers facing diminished earnings due to the scarcity of ships. Decreased imports are attributed to the financial burden incurred by consignments held for weeks, and exorbitant port charges while underscoring the need for stringent enforcement against mis-declaration despite opposition from certain business factions, as per a report.
Source: Exim News Service: Dhaka, April 1