Chittagong Port tariff hike takes effect in Bangladesh

The new tariffs were effective beginning September 15, a gazette notification said.

The development comes at a time when private inland container depots are also raising charges in the wake of tariff hikes by the US administration.

The Finance Ministry approved the new tariff schedule submitted by the Ministry of Shipping on July 24 this year.

Port users and shipping agents had earlier conveyed to the authorities that a 40-per cent hike in tariffs on goods and vessels would raise the cost of doing business and prices of goods, thus further raising inflation and hitting consumers.

The charges for loading or discharging containers saw a considerable rise, domestic media outlets reported.

ALCHEMPro News Desk (DS)