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Chittagong 64th busiest seaport in the world

Chittagong 64th busiest seaport in the world

The port handled a total of 2,903,996 TEUs (twenty equivalent units) of containers in 2018

Chittagong Port has moved up six notches in terms of annual throughput of containers in the 2019 Lloyd’s List, world’s oldest journal on port and shipping.

Bangladesh’s premium seaport has been ranked the 64th busiest among the top 100 container ports across the world.

The 2019 edition of Lloyd’s List’s One Hundred Container Ports, published recently, was based on the total throughput of containers in 2018.

Chittagong port was ranked 70th, 71st, 76th and 87th in the four previous editions of the journal.

According to the report, Chittagong seaport handled a total of 2,903,996 TEUs (twenty equivalent units) of containers in 2018, up from 2,667,223 TEUs in the previous year (2017) posting 8.9% annual growth in container handling.

Chinese port Shanghai held the top spot, followed by the port of Singapore, Chinese ports Shenzhen and Ningbo-Zhoushan.

Increased foreign trade in recent years has been hailed for such growth in transport of containers through the port.

The report, however, underscored the need for infrastructural development as well as logistics supply for the port to cope with the increasing container transport.