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Shipping

Assessing Bangladesh’s maritime risks and challenges

On March 12, 2024, the MV Abdullah, a Bangladesh-flagged bulk carrier owned by SR Shipping, was attacked by Somali pirates in the Indian Ocean while transporting 55,000 tonnes of coal from Maputo, Mozambique, to the UAE.

The crew consisted of 23 Bangladeshi members, highlighting the vulnerability of Bangladesh’s merchant fleet to maritime piracy, especially amidst rising tensions in regions like the Red Sea caused by Houthi rebels.

Dockers strike over foreign takeover of key port

Bangladesh's dock workers escalated a strike on Saturday at the country's biggest port, Chattogram, protesting plans by the interim government to lease operating licences to a foreign company.

The walkout, which began in small numbers in October, has now grown to around 200 workers at the port -- Bangladesh's main trade gateway and a vital hub in the global garment supply chain.
"Foreign expert operators would increase the foreign investment and enhance the eff...

BSC vessels buying plan on hold

The Bangladesh Shipping Corporation (BSC), which got permission for procurement of six vessels from China after a long delay, is now in the midst of yet another complexity involving their building in Chinese shipyards. china BDThe BSC has chosen a Chinese shipbuilder for the purpose. But the Exim Bank of China, which is bankrolling the ship procurement project, has objected to the selection of what is described as an inexperienced’ shipbuilder and suggested the name of another one. The Exim Bank recently requested the BSC to build the vessels at the...

Ship recycling project begins

An agreement between the International Maritime Organization (IMO) and the Government of the People’s Republic of Bangladesh has been signed for the parties to collaboratively improve safety and environmental standards in the country’s ship-recycling industry. ship breakingA Memorandum of Understanding formalizing the cooperation between the two was signed by Nicolaos Charalambous, Director, Technical Cooperation Division, IMO and Md. Ashadul Islam, Additional Secretary, Economic Relations Division of the Ministry of Finance of the G...

New Zealand business group carps buying ferry from Bangladesh

There is mounting criticism of the New Zealand Government for getting the 60-seat boat built cheaply in Bangladesh instead of the country. A business group says the process for buying a new ferry from Bangladesh with aid money was flawed from the beginning. The Ministry of Foreign Affairs and Trade (MFAT) of New Zealand commissioned the aid-funded ferry for $8 million to replace a vessel linking the New Zealandterritory of Tokelau to Samoa with fortnightly sailings. FerryKim Campbell, chief executive of the Northern Employers and Manufacturers As...
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