Western Marine to deliver first container ship this month - Share market analysis of dhaka stock exchange, Bangladesh

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02 September, 2015 10:29 AM Source: The Financial Express Bangladesh

 The first container ship, built for Bangladesh's inland use, had a successful sea trial on Tuesday. The ship was built by Western Marine Shipyard Limited.

The company expects to handover the ship to its owner by this month.

This is the first container ship, which will operate in the inland route of Bangladesh carrying containers from Chittagong Port to Pangaon Inland Container Terminal in Dhaka.

The ship, MV Harbour-1, will be operated by Neepa Paribahan Limited. It will be able to carry 176 TEUs of containers.

Three similar ships will be delivered in next few months, which are under construction in Western Marine Shipyard. These ships are expected to play a major role in the government's initiatives to minimise traffic density on the highways.

Every year more than one million TEUs of inbound containers are transported from Chittagong to other destinations across the country. Experts opined that use of more inland container ships will play a major role in reducing traffic congestion in the country.

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