Bangladesh, Sri Lanka Shipping Companies Mull Container Feeder Service Joint Venture

13 July 2017

The Bangladesh Shipping Corporation (BSC) and Sri Lanka's Ceylon Shipping Corporation plan to launch a container feeder service joint venture  between select ports to provide exporters, importers, and local coastal traders with a dependable and effective container feeder service option, according to Mr. Ataur Rahman, General Manager, BSC. The two companies are also exploring potential supply chain collaboration.

Mr. Abdus Salam Murshedy, President, Bangladesh Exporters' Association, lauded the linkage between the two shipping organizations, noting that it will open another avenue to traders and shippers.

Bangladesh and Sri Lanka are negotiating a free trade agreement to boost bilateral trade.


Related Link:

Paperless Trade to Enhance Bangladesh’s Competitiveness

The Bangladesh Foreign Trade Institute organized a validation workshop to assess the impact of paperless trade facilitation in...

Benapole-Petrapole ICP Launch 24/7 Operations

The ports of Benapole-Petrapole between Bangladesh and India began round-the-clock operations on 1 August 2017, following an agreement...

US Gov'ts MCC to Invest in South Asian Energy Connectivity

The Government of the United States' Millennium Challenge Corporation (MCC) is finalizing a $500 million investment to help...

Commentary: 25 years of ASEAN–India Integration

This commentary by Mr. Prabir De, Professor at the Research and Information System for Developing Countries, and Coordinator,...

India Releases National Trade Facilitation Action Plan

The Government of India, led by Finance Minister Arun Jaitley, launched the National Trade Facilitation Action Plan (NTFAP)...

Impact of Goods and Services Tax on Bhutan and Nepal’s Third Country Trade

Charges for different port and Customs services for Bhutan and Nepal’s third country import/export through India will not...

Bangladesh and Sri Lanka Ink 14 Deals for Cooperation

Bangladesh and Sri Lanka signed 14 instruments of cooperation in coastal shipping, agriculture, higher education, foreign service training,...