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            december 10, 2019

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Jeddah terminal marks Chittagong as suitable transshipment hub


Jeddah's Red Sea Gateway Terminal (RSGT) has signed a memorandum of understanding with the Bangladesh Ministry of Shipping, involving investment in multiple port and related infrastructure projects, reports London's Container Management.
The agreement encompasses operational expertise for the Bangladeshi maritime sector by RSGT, which is the newest terminal in Jeddah Islamic Port.
Chittagong, the primary port of Bangladesh, handled around 3,700 vessel calls and three million TEU in 2018, with most of the cargo destined for the country's capital city Dhaka, 265 kilometres away.
RSGT says Bangladesh's location between the fast-growing economies of South and Southeast Asia makes it suitable as regional transport hub.
Said RSGT investment chief Gagan Seksaria: "Bangladesh's remarkable trade-led growth of recent years has meant high utilisation of its port and transport infrastructure making it an ideal market for investment in advanced port systems and technology."
The facility in Saudi Arabia has an annual capacity of 2.5 million TEU, featuring a 1,360-metre quay with 16 super postpanamax cranes that reach across 24 rows.
It is the Jeddah's only terminal that can accommodate next-generation containerships of 23,000+ TEU.
RSGT is also located next to LogiPoint, Saudi Arabia's first export and re-export zone, which provides an integrated logistics hub on the coast of the Red Sea and potential operational synergies in cargo handling.

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