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The unrest in Bangladesh has worsened again due to the ongoing protests, and its supply chain is in a state of severe disarray. The country's factories have been closed and exports have almost been forced to a halt.
It all culminated in Sheikh Hasina's resignation after leading Bangladesh for 15 years, and Hasina fled the country when protesters stormed her palace in Dhaka. The army took over the provisional government, butThe Asian country remains in chaos.
The government has declared Monday to Wednesday national holidays and all offices will remain closed. Mobile internet services have been disrupted, with only broadband available and unstable connections.
The factory will remain closed until further orders. From the warehouse in Chittagong, only a few hundred boxes are ready for shipment at the port. The shipment process was affected on Monday morning as internet connectivity was down for several hours.
Asian container shipping consultancy LinerlyticaChittagong Port, which is responsible for more than 90% of Bangladesh's international trade, is currently the world's worst port for berthing delays, with about 50 ships waiting in line within 25 nautical miles of Chittagong and many ships being blocked, analysts said. They were forced to wait in the Bay of Bengal for more than a week.
On August 5, the port's container clearance volume was only 1,175 TEU, a significant drop from the usual daily clearance volume of up to 8,000 TEU.
Ruhul Amin Sikder Biplob, secretary-general of the Bangladesh Inland Container Depot Association, said: "We did not transport containers to the port on Monday night due to security concerns."
Chittagong Port Authority spokesman Omar Faruk said that as of the morning of August 6, only 329 TEU had been delivered from the port yard. Under normal circumstances, the country's major ports transport more than 4,000 TEU. He added: "It is expected that the total volume on the 6th may increase to about 1,000 TEU."
On August 5, the port unloaded approximately 2,409 TEU import containers from the ship and shipped 1,265 TEU export containers. On the morning of August 6, the port yard had 44,117 TEU, occupying approximately 80% of the area, hindering Loading and unloading of containers.
Kuehne Nagel, the world's largest ocean freight forwarder, has issued a warning about ongoing severe congestion at Chittagong Port. Kuehne Nagel mentioned: Container freight stations (CFS) are also becoming more congested due to the backlog of cargo and the influx of cargo to be processed.
They are facing difficulties, especially when it comes to network-based communications and connectivity.
In recent years, Bangladesh's port cargo volume has been soaring, which is related to Bangladesh becoming an important exporter, especially clothing exporters.
Chittagong also provides sea access to landlocked Nepal, Bhutan and northeastern India.
Delays in Chittagong are a direct result ofA large amount of goods cannot be loaded, unloaded and transported on time,This increases the waiting time and operating costs of the ship at the port, and may also increase the risk of cargo damage or deterioration.
For businesses that rely on Chittagong for imports and exports, delays could lead to supply chain disruptions, affecting production and sales plans.
The Bangladesh Garment Manufacturers and Exporters Association said the industry has suffered losses of about 0 million.
Regarding the situation in Bangladesh, a spokesperson for the Chinese Ministry of Foreign Affairs stated on the 6th that China is paying close attention to the situation in Bangladesh.
As friendly neighbors and comprehensive strategic partners,China sincerely hopes that Bangladesh will restore social stability as soon as possible.
