HIGHLIGHTS
- When the Patenga container port’s construction is nearly complete and ready for operation. Maesk came to the top of the list of candidates for port operations.
- Inditex, the ’s top garment company, requested that the Bangladeshi government award Maersk the operational contract in July so that it could begin processing the goods.
- Maersk is also seen as “the ideal operator for this new terminal, not only because of their extensive experience of operating world-class container terminals but also because of their focus on safety and sustainability while providing complete supply chain solutions“.
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Inditex has asked the Bangladeshi government to award Maersk an operating contract
Garment makers mostly utilise Bangladesh’s many ports and logistics areas. This is logical given Bangladesh’s reliance on textile exports, which make for the majority of the country’s exports. Bangladesh’s primary source of foreign exchange revenue is thus textile exports. Bangladesh is also the second-largest garment exporter in the world.
When the Patenga container port’s construction is nearly complete and ready for operation. Maesk came to the top of the list of candidates for port operations. Inditex, the ’s top garment company, requested that the Bangladeshi government award Maersk the operational contract in July so that it could begin processing the goods. In addition, the company pursued the contract with the Danish government.
Inditex has some influence over the selection of freight partners for the Patenga port. Inditex imports more than $1.3 billion in garment-related products from Bangladesh each year, making it influential in the country. Inditex also recently wrote to government officials in charge of handing the operating rights to Patenga Station, asking them to sign a contract with Maersk.
The Spanish clothes company added that it is “very exposed to and dependent on the maritime infrastructure of Banglades.” Inditex’s competitiveness is an example of what might happen if supply chain operations difficulties are not adequately solved.
“In this context, we would like to direct your attention to the proposal submitted to the government of Bangladesh by the Maersk group for operating the Patenga Container Terminal” said Javier Santonja Olcina, head of Inditex in Bangladesh.
Why did Inditex choose Maersk as its leading candidate?
Inditex, according to Javier Santonja Olcina, had global work experience with Maersk. Maersk is also seen as “the ideal operator for this new terminal, not only because of their extensive experience of operating world-class container terminals but also because of their focus on safety and sustainability while providing complete supply chain solutions“.
The Patenga terminal, which will be 600 meters long and 32 acres in size, will cost $240 million and have a 0.5 million TEU annual capacity (10,000,000 feet). The container port can handle vessels up to 10.5 meters in length with a capacity of 4,500 TEUs, three 190-meter vessels at the same time, and one tanker measuring 220 meters.
Other foreign candidates for the operation of the Patenga station include Saudi Arabia-based Red Sea Gateway and Dubai-based DP World. In Bangladesh, there are also private port operators.
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