The Chittagong Port Authority or CPA has put on hold its earlier decision to increase store rent fourfold for containers lying at the port yards for over 21 days, which was supposed to come into effect from 15 March even if the CPA on 2 March issued a notification urging importers to take quick delivery of containers, since the presence of higher volume full container load (FCL) containers had been disrupting the port’s day-to-day operational activities.
Media reports maintained this citing the CPA Secretary in this direction.
Speaking to the media, CPA Secretary Omar Faruk, stated, “…the container delivery situation has improved after we have issued the notification….We are not going to make the higher rent notification effective.”
