Chattogram Port Sets Record Cargo Handling Amid Expansion Drive

Chattogram Port Authority (CPA) has reported a record cargo throughput of 55 million metric tons for the fiscal year 2023-24, a 10% increase from the previous year. The milestone underscores the port's critical role in Bangladesh's economy, which relies heavily on seaborne trade for exports and imports.

The surge in cargo handling is attributed to robust growth in exports of ready-made garments, pharmaceuticals, and agricultural products, alongside increased imports of raw materials and machinery. CPA officials highlighted that infrastructure improvements, including dredging of the channel to accommodate larger vessels and ongoing construction of new terminals, have enhanced operational efficiency.

The South Container Terminal project, part of a broader modernization initiative funded by international financial institutions, is nearing completion and is expected to add 1.5 million TEU capacity annually. Additionally, the development of the Patenga port area is underway to ease congestion at the main port.

A CPA spokesperson stated, "These developments are part of our strategic plan to position Chattogram as a regional logistics hub. We are working closely with stakeholders to streamline processes and reduce turnaround times for vessels." The government has also introduced digital systems for customs clearance, which have reduced processing times by approximately 20% in recent months.

Economic analysts note that the port's performance reflects broader economic resilience despite global trade uncertainties. Bangladesh's export earnings reached $50 billion in FY2023-24, with Chattogram handling over 70% of the nation's maritime trade. The port's expansion is seen as vital for sustaining growth as the country aims to graduate from Least Developed Country status by 2026.

However, challenges remain. Persistent congestion during peak seasons and reliance on a single port for most cargo have prompted calls for further diversification. The government is exploring the development of secondary ports, such as Payra and Matarbari, to distribute trade flows and alleviate pressure on Chattogram.

Industry stakeholders have praised recent improvements. "The reduced vessel waiting times and faster customs processing have significantly improved our supply chain efficiency," said a representative from a leading garment manufacturer. "This has allowed us to better compete in global markets."

Future plans include completing the South Container Terminal by late 2024 and initiating a new deep-sea port project. These initiatives are expected to boost the port's capacity to 70 million tons by 2025, aligning with national economic goals. Despite ongoing hurdles, officials remain confident that sustained investment will solidify Chattogram's position as a cornerstone of Bangladesh's trade infrastructure.