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04/04/2016 04:25pm

Direct Container feeder Service restarts between Bangladesh and India after 40 years

image Direct Container feeder Service restarts between Bangladesh and India after 40 years

New Delhi, Apr 4 (KNN) After a gap of almost four decades, the long pending demand of the exporters to start a direct container feeder service between Bangladesh and India has been met.

The first container feeder – MV Harbour 1 – reportedly carried 40 containers of Guntur cotton. The service would likely be provided weekly through MV Shamayel from April, 2016.

The direct container feeder service has forced Bangladeshi traders to opt more for Indian goods as moving goods through the coastal route would lead to cost and time savings.

Moving commodities through coasts also gives an advantage of insurance coverage and insurance against pilferage, theft or damages to Bangladeshi traders.

In the wake of increasing congestion at the Indo-Bangladesh border leading to payment of surcharge, traders prefer for the coastal route to save upon the time and money.

Moving commodities from Krishnapatnam to Chittagong or Pangaon Inland Container Terminal cuts the delivery time from 25-30 days to 7 days. The cost savings is also approximately $300 per container. (KNN Bureau)

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