Chittagong Port, which handles about 90% of Bangladesh’s total trade, has been under pressure due to a surge in export volumes, particularly in the ready-made garments sector, which is a key driver of the country’s economy.
The proposed centralization effort is expected to revolutionize how transportation is coordinated across the country, enabling seamless intermodal connectivity and reducing operational bottlenecks.
Industry experts note that such arrests, while relatively rare, highlight the importance of adhering to international maritime agreements and contracts.
The partnership is expected to result in the development of innovative logistics solutions that could be scaled across the industry, benefiting a wide range of stakeholders, including manufacturers, retailers, and logistics service providers.
Kolkata Port Trust (KoPT) officials have reported that the service has already reached near-full capacity on several sailings, highlighting the pent-up demand for direct shipping solutions.
The Indian government, aware of the potential long-term impact, is reportedly in discussions with Bangladeshi officials to explore ways to support the country’s economic recovery.
The newly launched service will connect Chittagong directly with major Chinese ports, including Shanghai, Shenzhen, and Ningbo. The direct route eliminates the need for transshipment at intermediary ports, which has traditionally been a time-consuming and costly process.
The China-Chittagong Express service is designed to provide a direct and efficient link between key ports in China, including Shanghai, Ningbo, and Shekou, and Chittagong, Bangladesh's principal maritime gateway.
Hapag-Lloyd has emphasized that the rate adjustment is aimed at ensuring the sustainability of its services in the Asia-Latin America corridor, a critical route for the company given the significant trade volumes between the two regions.
The certification process involved a comprehensive evaluation of COSCO Shipping Lines' information security management systems conducted by independent auditors.
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