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Inland container depots struggle to survive with a drop in import and export.

According to the Imports data, the Industry sources report that there are 19 inland container depots in Bangladesh, also known as off-docks that handle 38 different types of import products as well as about 95% of export shipments of goods like rice, wheat, mustard seed, chickpeas, and pulses.<br><br>

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Inland container depots struggle to survive with a drop in import and export.

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  1. INLAND CONTAINER DEPOTS STRUGGLE TO SURVIVE WITH A DROP IN IMPORT AND EXPORT " The Best Solution For Growing Your Business " www.exportimportdata.in 9990020716

  2. COMPANY Due to a slump in the global economy, private inland container depots (ICDs) are finding it difficult to continue in business. Since September, the handling of import-export products at ICDs has been continuously falling. Now that the ICD industry has shrunk by around 25%, the owners are losing money operating the depots. The Business Standard was informed by Nurul Qayyum Khan, head of the Bangladesh Inland Container Depots Association (Bicda).

  3. Further, the Bank loan repayments will be impacted by the decline in ICDs' earnings. Interest rates on bank loans will rise even more. The number of personnel will also need to be cut as 25% of the work has decreased "Added he. According to the Imports data, the Industry sources report that there are 19 inland container depots in Bangladesh, also known as off-docks that handle 38 different types of import products as well as about 95% of export shipments of goods like rice, wheat, mustard seed, chickpeas, and pulses.

  4. DROP IN IMPORT AND EXPORT MAY SUFFERS INLAND CONTAINER By permitting unloading or delivery from beyond the port area, the ICDs operate to reduce congestion at the Chattogram Port and facilitate the speedy clearance of complete container loads of cargo, according to sources. Also, the 19 small and large private ICDs in Chattogram typically make between Tk160 billion and Tk175 billion per month.

  5. Director of Vertex Off-Dock Logistic Services Limited, Imran Fahim Noor, stated: "ICDs are currently dealing with four different types of issues: rising oil prices, a strong currency, a decline in trade, and price compromise. By addressing these, we are battling to survive. If the crisis does not stop right now, we will have to cut expenses. Further, he claimed that every day at the Vertex depot, 80 equivalent unit (TEU) export containers would be loaded onto ships. It is now between 60 and 70 TEUs. Similarly, there has been a 25% reduction in the handling of imported items. Get Imports data to 90 twenty-foot

  6. The depots can store around 76,000 TEUs of containers, according to Bicda, a platform of ICD owners. ICDs have received over Tk6, 000 crore in investments and employ about 20,000 regular and temporary personnel. However, the Daily transport of about 2,500 TEU containers for shipping was done from the depots to the port. However, it is presently just between 1,500 and 1,700 TEUs.

  7. The director and chief operating officer of Summit Alliance Port Limited, Captain Kamrul Islam Mazumdar, stated that export volumes have been continuously falling since September. Since October, imports have also decreased. This is worrying for the economy. Also know Indian Import Data. During regular hours, our two ICDs, SAPL, and OCL, handled 13,000 TEUs of export goods per month. It is now only 10,000 TEUs," he continued. Owners of ICD said that foreign buyers are profiting from the decline in commercial activity. They are providing a 10-15% discount on prices despite the fact that there is a predetermined charge for ICDs dependent on the service. Also, they are compelled to put up with this behaviour from international customers who purchase critically necessary clothing. In the event that things stay as they are, subsidies will be required to run the depots.

  8. According to the Imports data, the business of freight transportation has also been impacted by the decrease in the handling of import-export products. At the same rate, fewer covered trucks are being used to transport import and export cargo to and from Chattogram Port. Due to fewer journeys, truck drivers are hauling items for less money than fixed fares. ExportImportData is one of India's top Indian Import Data providers; we have customized and intelligent data acquisition platforms to analyse the best market insights. With well-researched and optimized Indian Import Data, ExportImportData is foremost for all your Imports data needs. If you require any type of assistance, our professionals are always ready to furnish the best business advice to explore your business in the global trade market.

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