Bangladesh has planned to conduct most of its shipping trade through the newly built deep sea port in Sri Lanka, aimed at cutting freight cost and making shipment to Europe quicker, officials said.
Presently, some 80 per cent of the countrys foreign trade is done through Singapore port. Feeder vessels carry Bangladeshi containers to the port from where the cargoes board mother vessels to be shipped to their destinations.
But Sri Lankas newly built Hambantota port could change the scenario, as it offers fewer days for shipment and a cheaper freight --- thanks to its proximity to Chittagong port and the countrys major export market, Europe. Full story
