CONTAINER storage rents at the Chattogram port are expected to quadruple for stays of excessive periods as chittagong Port Authority (CPA) looks to induce importers to promptly take deliveries and free up space, reports the Dhaka Daily Star.
Importers had been slow picking up goods every day, said port officials. This was especially evident among importers who use whole containers as opposed to those who share the space inside containers.
Since early last month, the designated space for those using whole containers had started to get packed.
As of March 1, there were 36,397 TEU in that designated space, far more than its limit of 35,868 TEU, said port officials, who noted that boxes had been there for nearly a month.
Every year many importers who bring goods targeting the month of Ramadan effectively use the port as a warehouse, taking deliveries only when market prices turn favourable for them, they said.
There is no storage rent for the first four days starting from the time a ship is relieved of all cargo meant to be unloaded.
From the fifth day to the 11th day, the daily charge is US$6 per TEU and from the 12th day to the 24th day, the rate is $12. From the 25th day, the charge is $24 per day till it is taken away.
SeaNews Turkey
Importers had been slow picking up goods every day, said port officials. This was especially evident among importers who use whole containers as opposed to those who share the space inside containers.
Since early last month, the designated space for those using whole containers had started to get packed.
As of March 1, there were 36,397 TEU in that designated space, far more than its limit of 35,868 TEU, said port officials, who noted that boxes had been there for nearly a month.
Every year many importers who bring goods targeting the month of Ramadan effectively use the port as a warehouse, taking deliveries only when market prices turn favourable for them, they said.
There is no storage rent for the first four days starting from the time a ship is relieved of all cargo meant to be unloaded.
From the fifth day to the 11th day, the daily charge is US$6 per TEU and from the 12th day to the 24th day, the rate is $12. From the 25th day, the charge is $24 per day till it is taken away.
SeaNews Turkey