Three more container terminals at Ctg. port soon

[Bilal9]

Nurul Amin
Published : Wednesday, 26 April, 2017 at 12:00 AM

CHITTAGONG, April 25: The Chittagong Port Authority (CPA) has undertaken a comprehensive project to construct three more container terminals with a handling capacity of 13 lakh TEUs of containers to cope with the increasing demand of container station in maritime trade.

TEU is the unit to describe the capacity of container ships and terminals. CPA sources said that the new terminals-Karnaphuli Container Terminal, Bay Terminal and Patenga Container Terminal-would consist of an annual handling capacity of 13 lakh TEUs of containers.
Of them, construction of Karnaphuli and Patenga Container Terminala will be completed within the next two years with the annual handling capacity of 3 lakh TEUs.

Existing capacity of the Port is nearly 2.5 million TEU containers annually, the sources said adding that the CPA handled more than 2.3 million TEU containers and 72 million tonnes of cargo during 2016.

Handling of both cargo and container is maintaining remarkable growth every year coupled with the handling vessels.

In 2016, they said, a total of 3014 ships were handled while in 2015 it handled 2,709 ships.

In 2015, 2.024 million TEU containers and 64.964 million tonnes of cargo were handled.

The overall growth of Chittagong Port was 17 per cent annually.

Moreover, transportation of cargoes in international maritime trade has been changing rapidly to containerization from break bulk system.

More than 90 per cent ships arriving in the port are container ships with the remaining 10 per cent expected to be converted into containerization. Carrying of break bulk cargo like sugar, rice and wheat has also been converted into containerization. Therefore, the port needs more space for handling of container vessels, they observed.

In the first phase the CPA will go for construction of Karnaphuli Container Terminal in the existing jetty number 11, 12 and 13 and Patenga Container terminal very soon.

Besides, 'Bay Terminal' will be built behind the Export Processing Zone in Chittagong (CEPZ) covering 900 acres of land so that huge ships can unload their goods.

CPA will finance, control and supervise the construction work of Bay Terminal. The Shipping Ministry has already approved the project.

But big vessels carrying different kinds of cargoes like cement clinkers, coals and food grains unable to berth at the port jetties as ships with 190 metres length and 9.5 metres draft are allowed to berth at the jetties for unloading the cargo.

Ships with more than the approved capacity unload goods at the outer anchorage of the port through lighter vessels which results in huge cost.

Keeping this in view, the CPA is going to set up the 'Bay Terminal' to allow bigger ships to directly berth adjacent to estuary of the port. CPA sources said the bigger ships with more length and draft to 12 metres will be able to berth at the jetties of the terminal for handling goods.

At present, nearly 1800 TEU of containers and 19 vessels can take berth while in the Bay terminal more than 35 vessels with board 5000 TEU containers can take berth at a time.
The annual handling capacity is more than one million TEUs of containers.

CPA has signed an agreement with Hamburg Port Consulting Company of Germany for conducting a feasibility study for construction of Bay Terminal in February last year. The company has already completed the feasibility study at a cost of Tk 80 million and submitted the report to Port authority in March last.

Meanwhile, CPA has framed a Strategic Master Plan to modernise the port coping with the vision 2021 of middle income nation including the $50 billion RMG export.

The recommendations of the Plan include; procurement of equipment for New Mooring Container terminal by 2017, completion of the construction of Karnaphuli Container Terminal by 2020, completion of first phase of construction works of Bay Container Terminal by 2023, construction of multipurpose terminal from jetty number 1 to 9 by 2024 and completion of second phase of construction works of Bay Container Terminal by 2028.

Container handling has now reached 17 per cent while the cargo handling has increased to 26 per cent annually.

http://www.observerbd.com/details.php?id=70650#sthash.7OW3kObG.dpuf

 

[Ideas_R_Bulletproof]

Bangladesh needs to build up its own fleet of vessels....
a $6 billion per year cost of shipment in foreign-owned ships is not pretty....

 

[Mage]

Bangladesh needs to build up its own fleet of vessels....

We need to build a lot of things..but we don't have the money

Constructing all the flyovers and bridges then metro rail....then the IT parks, and so many SEZs, Ruppur and other mega power plants, LNG terminal and Deep sea port and other things.....so many things going on and so many more needed.

 

[Arthur]

Well a fleet renewal plan is underway. Hope this works out.

Bangladesh Shipping Corporation to buy oil tanker after 26 years
in International Shipping News22/03/2017

Bangladesh Shipping Corporation (BSC) will add a new oil tanker to its fleet within two months to resume its trade on international sea routes using its own vessels after a lull of nearly two years.

The tanker with a 36,000 deadweight tonnage (DWT) capacity will be the first vessel to be purchased by BSC since 1991.

The corporation will buy the tanker from China for Tk 286 crore, said BSC Managing Director M Habibur Rahman Bhuiyan at a press conference in the port city yesterday.

The oil tanker will carry crude oil, aviation fuel or any other chemical products. At present, BSC depends on chartered vessels for carrying crude oil for Bangladesh Petroleum Corporation.

BSC currently operates three vessels: one is for carrying containers and the two others are lighterage tankers. The three decades old vessels cannot go to seas due to rules of the International Maritime Organisation.

The corporation once owned 38 oceangoing ships.

But it had to sell 35 of them as their operational validity expired, according to Bhuiyan.

BSC now plans to add 26 vessels to its fleet within a few years to expand its capacity, he said.

Financial agreement for purchasing six new ships each with 39,000-DWT capacity from China National Machinery Import & Export Corporation was signed during Chinese President Xi Jinping’s visit to Bangladesh last year.

The six vessels will be added to the fleet between May and December next year, said Bhuiyan, adding that the new vessels would generate more revenues for the listed company.

BSC made a net profit of Tk 6.72 crore in 2015-16. Its board has recommended 12 percent stock dividend for the last fiscal year. The proposal will be presented at today’s annual general meeting for approval.

The government owned 52.1 percent shares of the corporation as of February 28, while institutional investors owned 23.5 percent and public 24.4 percent.

BSC’s price-earning ratio, which measures a company’s current share price relative to its per-share earnings, was 142.47 on March 21.
Source: The Daily Star Net

http://www.hellenicshippingnews.com...corporation-to-buy-oil-tanker-after-26-years/

https://www.naturalgasworld.com/bangladesh-to-procure-two-lng-carriers-35974

http://www.gtreview.com/news/asia/china-to-fund-and-build-ships-for-bangladesh/

 

[Ideas_R_Bulletproof]

We need to build a lot of things..but we don't have the money

nonsense!!
count how much money is sitting idle in banks.... your head should circle like a radar!!
there's too much money unutilized..... there's more than $30 billion sitting idle in our foreign bank accounts....

Well a fleet renewal plan is underway. Hope this works out.

yea, a total of 36 ships are being bought.... they would start to come in within around one year or so... lets see...

but these are GoB ships only.... and they would have some specific purpose, e.g. carrying crude oil, diesel, coal, LPG, LNG, etc..... but more than quarter of all goods handled in Ctg port is cement clinker.... thats mostly done in foreign ships.... then there's more to carry - edible oil, sugar, salt, wheat, scrap metal, cotton, chemical fertilizer, etc. etc..... and then you add other stuff that is transported using containers.... we hardly have any ships to carry these..... imagine how many ships you would require to carry 72 million tons!!!

 

[Arthur]

nonsense!!
count how much money is sitting idle in banks.... your head should circle like a radar!!
there's too much money unutilized..... there's more than $30 billion sitting idle in our foreign bank accounts....



yea, a total of 36 ships are being bought.... they would start to come in within around one year or so... lets see...

but these are GoB ships only.... and they would have some specific purpose, e.g. carrying crude oil, diesel, coal, LPG, LNG, etc..... but more than quarter of all goods handled in Ctg port is cement clinker.... thats mostly done in foreign ships.... then there's more to carry - edible oil, sugar, salt, wheat, scrap metal, cotton, chemical fertilizer, etc. etc..... and then you add other stuff that is transported using containers.... we hardly have any ships to carry these..... imagine how many ships you would require to carry 72 million tons!!!

I know. But it's quiet impossible to develop a sector without private investment. Till now ourbusiness owners & corporations are busy launder money outside the country, rather invest it in furthering our economy.

 

[Ideas_R_Bulletproof]

I know. But it's quiet impossible to develop a sector without private investment. Till now ourbusiness owners & corporations are busy launder money outside the country, rather invest it in furthering our economy.

exactly!.... that would require state help....
the state has to facilitate the businessmen to invest.... there's more than enough money here.... all sitting idle.... you can't just listen to the BS uttered in the fake indices they produce everyday.... stop listening to them... they're the ones who have tried to prove that Bangladesh is a failed state.... they're the ones who have tried heart and soul to prove that there is ISIS in Bangladesh, so that they can establish drone bases around here.....

its time to move on with our own business.... too much money idle in banks.... get the money and invest it.... simple!

 

[Nilgiri]

there's more than $30 billion sitting idle in our foreign bank accounts

Source?

 

[idune]

nonsense!!
count how much money is sitting idle in banks.... your head should circle like a radar!!
there's too much money unutilized..... there's more than $30 billion sitting idle in our foreign bank accounts....

this is the type of comments can be expected from people who pass through education system with awami question leak. That being said, Awami league doing wholesale bank robbery making Bangladesh worse than North Korea - no one in the country and local or foreign business want to invest where govt do bank looting.

Foreign currency or resource backed reserve are not owned by Bangladesh bank. Rather it is owned by various other banks and entities in terms of "I OWE YOU" notes and/or by other obligations.

Money sitting idle in the bank is private money, owned by individuals and business.

"Bangladesh govt" operated by awami league is in RED.

 

[Ideas_R_Bulletproof]

Source?

divine....

considering the amount of talking you do here, I thought you knew....

 

[Nilgiri]

divine....

considering the amount of talking you do here, I thought you knew....

I'm asking for you to give some evidence of this figure. Why would I know every detail about BD economy? I present arguments and reality checks when needed on sound economics. Every BD number is not relevant, neither would I try remember them.

Either you have a source for it or you don't. Its simple.

 

[Mage]

Source?

I think he meant forex reserves

 

[Nilgiri]

I think he meant forex reserves

If so he is going to get owned pretty royally. Forex is not free liquidity that can be injected at will "back into" the country.

I really hope he means foreign (private) bank accounts etc.

 

[Ideas_R_Bulletproof]

I really hope he means foreign (private) bank accounts etc.

well, I don't know what you call bank accounts.... but when GoB is building a $3 billion bridge with foreign currency, it surely looks anything like that.... and what good is an account when you can't cash cheques?..... it seems like ours isn't an account.... yet we are writing cheques.... weird, right?

you'll see weirder stuff in the coming days.... today we're writing cheques.... tomorrow things will get built even without any cheques... not even a trace of it...

printing dollars is an old trick.... and its dying.... you should get updated...

 

[Nilgiri]

well, I don't know what you call bank accounts.... but when GoB is building a $3 billion bridge with foreign currency, it surely looks anything like that.... and what good is an account when you can't cash cheques?..... it seems like ours isn't an account.... yet we are writing cheques.... weird, right?

you'll see weirder stuff in the coming days.... today we're writing cheques.... tomorrow things will get built even without any cheques... not even a trace of it...

printing dollars is an old trick.... and its dying.... you should get updated...

Just asking what you mean by 30 billion USD. Its a very specific number so it should have come from somewhere.

If its forex you are talking about, I got bad news for you (as far as BD being able to freely utilise that internally).