Damco has introduced an end-to-end solution wherein export products will be consolidated in Dhaka, and the full container will then be transported by river barge for onward trans-shipment to Chittagong port.
Launched on 13th March 2017, the new supply chain management product is also in line with the government’s philosophy on promoting river transport.
With Bangladesh as the 2nd largest exporter of Ready Made Garments (RMG) in the world, this service would particularly benefit retailers in the Export Import (EXIM) trade. Damco has been present in Bangladesh for the last 23 years and is the leading logistics provider in the country, managing the supply chain of most of the global retail customers. The utilization of this new mode of transport has the potential to further enhance growth in export-import trade of Bangladesh.
Mr. Vishal Sharma, Area CEO, IBS, comments: “This is truly a historic moment and underlines our customer obsession and need for continuous innovation to make our customer’s supply chain more efficient, safe, and reliable. We are committed to the Export Import (EXIM) trade of Bangladesh and will continue to innovate and introduce new products to service the trade.”
In addition, Damco has initiated plans to create a sustained ecosystem by getting the imports movement to the Dhaka River Terminal(s), thereby utilizing the empty equipment for exports. The Pangaon Container Terminal and the SAPL River Terminal, together form the River Terminal Complex, with a combined capacity of over 200,000 TEUs.
“Most of the factories are present in Dhaka, whereas Chittagong (port) handles more than 90% volume of the EXIM trade. Bangladesh is witnessing double digit growth in containerized volumes, putting immense pressure on the road infrastructure between Dhaka and Chittagong. This product will help ease that pressure, while also reducing carbon emissions, with no negative impact on Lead Time and Utilization,” says Mr. Sharma.”
About Damco
Damco is at the forefront of developing innovative supply chain solutions. We fuse our global network and depth of expertise with pioneering digital innovations to enable our customers to stay ahead. Our vision is to connect and simplify supply chains across the globe.
We are experts in the field of complex, rapidly changing markets such as fashion, retail and technology. With a presence in over 100 countries, where we employ more than 11,000 people worldwide, we combine global reach with depth of local understanding. In 2016 we reached a turnover of 2.5 billion US dollars, managed 659 thousand TEUs (twenty-foot equivalent units) of ocean freight and 190 thousand tons of air freight.
We are proud to be a part of A.P. Moller – Maersk.