BGMEA wants congestion surcharges imposed by feeder vessels withdrawn
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
BGMEA wants congestion surcharges imposed by feeder vessels withdrawn

RMG

TBS Report
24 November, 2020, 09:25 pm
Last modified: 25 November, 2020, 05:39 pm

Related News

  • BGMEA calls on PVH to buy more high-end apparels from Bangladesh
  • What should be the management strategy of our apparel industry in 2023
  • More challenges for Bangladesh, South Asia as global economic growth to fall in 2023: UN
  • RMG needs policy support for the next 6 months to survive
  • BGMEA demands withdrawal of tax on fuel import

BGMEA wants congestion surcharges imposed by feeder vessels withdrawn

BGMEA has sent two separate letters to the Chittagong Port Authority and Bangladesh Shipping Agents Association to take immediate steps in this regard

TBS Report
24 November, 2020, 09:25 pm
Last modified: 25 November, 2020, 05:39 pm
BGMEA wants congestion surcharges imposed by feeder vessels withdrawn

The Bangladesh Garment Manufacturers and Exporters Association (BGMA) has demanded the withdrawal of the congestion surcharge imposed by feeder vessel owners since 15 November this year.

Feeder vessels operating to and from Chattogram Port, Colombo Port, Singapore Port, and Port Klang have imposed surcharges of $75 per goods-laden 20-foot container and $37.50 per empty container creating congestion – as an emergency cost recovery surcharge (ECRS). 

BGMEA Vice president Abdus Salam sent two separate letters on 19 November to the Chittagong Port Authority and Bangladesh Shipping Agents Association (BSAA) to take immediate steps to withdraw the congestion surcharge.

He said due to the Covid-19 pandemic, the apparel manufacturing sector and other industries are facing a disastrous situation.   

"In this present economic recession, feeder vessels hiking fares is completely unreasonable and unacceptable," he said in the letter.

He also said global retailers have already suspended or cancelled work orders worth around $3.8 billion which has created uncertainty for factories and workers, and the trend is continuing.

Salam said in the letter that increasing the fare could raise the import cost of raw materials and buyers may not pay exporters the full price for finished goods.

"As a result, Bangladeshi ready-made garments may lose their competitiveness," he added.

However, BSAA President Ahsanul Huq Chowdhury told The Business Standard, "The feeder vessels are realising the increased amount from mainline operators, so the surcharge has no impact on the Chattogram port."

"The feeder vessels bear over $10,000 per day as an operational cost for delays and congestion at the ports. So, the surcharge has been increased," he added.

Meanwhile, the feeder vessel owners said they are facing unprecedented delays at Colombo Port, Singapore Port and Port Klang. The feeder vessels are facing congestion and berthing delays up to 48 hours at the ports – which is diminishing their productivity. So, they are trying to recover their losses by hiking surcharges. 

"In order to recover part of these additional costs and maintain a viable feeder service, we have no option but to impose an ECRS," said Transworld Feeders FZCO in a letter to its clients.  

Top News

BGMEA / Bangladesh Shipping Agents Association / RMG / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    State banks spend 80% of their forex for govt imports in H1
  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Production remains halted in 8 Ctg power plants
    Production remains halted in 8 Ctg power plants

MOST VIEWED

  • Photo: Sustainable Apparel Coalition
    Sustainable Apparel Coalition partners with Bangladesh Apparel Exchange for fourth edition of Sustainable Apparel Forum
  • BGMEA calls on PVH to buy more high-end apparels from Bangladesh
    BGMEA calls on PVH to buy more high-end apparels from Bangladesh
  • Photo: Courtesy
    10 Bangladeshi companies participating at Texworld USA 2023
  • TBS Sketch
    Entrepreneurs should focus on upskilling manpower 
  • Sketch: TBS
    The German Due Diligence Act: Are we ready?
  • Sketch: TBS
    What should be the management strategy of our apparel industry in 2023

Related News

  • BGMEA calls on PVH to buy more high-end apparels from Bangladesh
  • What should be the management strategy of our apparel industry in 2023
  • More challenges for Bangladesh, South Asia as global economic growth to fall in 2023: UN
  • RMG needs policy support for the next 6 months to survive
  • BGMEA demands withdrawal of tax on fuel import

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

1h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

2h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

3h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

5h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

17h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

18h | TBS Stories
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

20h | TBS SPORTS
Why Misha Sawdagar became villain instead of a Hero?

Why Misha Sawdagar became villain instead of a Hero?

19h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]