Topic
bangladesh
Trade Bangladesh Rejects Indian Rice Consignment on Quality Issues; Trade Suspects Politics
Bangladesh rejected an 11,500-tonne consignment of non-basmati parboiled rice from India on quality grounds, despite samples being cleared. Trade sources attribute the move to politics under the Tarique Rehman government, while shipping agents deny the quality issue. Only 3,500 tonnes were offloaded and the rest returned.
Logistics Bangladesh leads ultramax buying spree as Meghna Group snaps up modern tonnage
Bangladesh has emerged as the most aggressive buyer in the dry bulk market, with ultramax bulkers leading a buying spree that saw five vessels change hands in the past week. Meghna Group is linked to purchases of two Oldendorff ultramaxes, while Seacon Tokyo sold for $41.6m. The buying spree is part of Bangladesh's efforts to expand its oceangoing merchant fleet, supported by financing discussions for an $80m IFC loan and a planned $1bn shipbuilding complex.
Trade US Imposes 10% Tariffs on India, Pakistan, Bangladesh, UK Over Forced Labour Investigation
The U.S. Trade Representative imposed 10% tariffs on India, Pakistan, Bangladesh, the UK, and other nations following a Section 301 investigation into forced labour practices. The move comes as India and the US progress on a bilateral trade agreement.
Logistics Bangladesh Advances $1 Billion Shipbuilding and Repair Hub at Matarbari Deepsea Port
Bangladesh has granted in-principle approval for a $1 billion privately financed shipbuilding and repair complex at the emerging Matarbari deepsea port. The project, backed by Australia-based AIS Marine Investments and China Harbour Engineering Company, aims to reduce the need for large vessels to dock in Singapore, UAE, or China. The facility will include a 600m by 95m drydock and is expected to create up to 3,900 jobs.
Logistics Greek interests sell ultramax bulker to Bangladesh's Meghna Group for $36.5m, pocketing $6.7m profit
Greek shipping interests have sold the 63,547 dwt ultramax bulker WF Artemis to Bangladesh's Meghna Group for $36.5m, netting a $6.7m profit. The vessel, built in 2020 by Iwagi Zosen, was acquired for $29.8m a year ago. The deal highlights strong demand in the ultramax secondhand market and Meghna's ongoing fleet expansion to 15 ships.
Logistics Bangladesh's Akij Resource Orders Four Ultramax Bulk Carriers at Chinese Yard Nantong Xiangyu
Bangladesh's Akij Resource has ordered four 63,800 dwt bulk carriers at Nantong Xiangyu Shipbuilding in China. The newbuilds will join its existing fleet of 10 ocean-going bulkers and 50 lighter vessels, potentially increasing capacity on dry bulk routes to Bangladesh. No price or delivery dates have been disclosed.
Manufacturing India to Resume Train Coach Exports to Bangladesh, First Shipment Since Hasina Ouster Likely in July
India is set to resume train coach exports to Bangladesh, with the first shipment of 200 broad-gauge passenger coaches likely in July 2026. The contract, awarded to RITES in May 2024 and funded by the European Investment Bank, was delayed by political transition but is now back on track. Coaches are being manufactured at the Rail Coach Factory in Kapurthala, Punjab.
Trade Bangladesh Wheat Tender Norms Challenge Indian Exporters
Bangladesh's recent wheat tender imposes specifications that may exclude Indian exporters due to competitive pricing and stringent quality requirements. Indian wheat's test weight and cost structure are key barriers.