Chittagong sees 12% box growth

US ports welcomed a crucial tariff exemption, saving them over US$ 130 million in unexpected costs on Chinese-made cranes.

Bangladesh is one of the more difficult markets in SE Asia for port development, but there are signs the government is now moving at a faster pace.

Under new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.

House Committee reports says ZPMC could serve as “a Trojan horse capable of helping the CCP and the PRC military exploit and manipulate US maritime equipment and technology.”

ZPMC has won a major contract with AD Ports Group for terminal projects in Africa.

Four ZPMC STS cranes are en route to Baltic Hub as construction of Project T3 ramps up.