Anamika Mishra
[Sub Editor]
Chittagong, January 21-22: A United States Coast Guard (USCG) team inspected Chittagong Port to evaluate its compliance with the International Ship and Port Facility Security (ISPS) Code. The visit confirmed that the port adheres to high-security standards and meets international guidelines.
The USCG team, led by Lieutenant Commander Khiem V. Nagy, included Martin S. Donohue, Irving A. Cintron, and Kramer. The delegation assessed key security measures and expressed satisfaction with Chittagong Port’s adherence to ISPS Code regulations.
The team paid a courtesy visit to CPA Chairman Rear Admiral SM Moniruzzaman. Admiral Moniruzzaman highlighted ongoing development efforts, including port automation and the upcoming launch of the Maritime Single Window system to improve efficiency.
Admiral Moniruzzaman stressed the need for robust cybersecurity in port operations. He encouraged the ISPS Monitoring Cell to undergo advanced training and adopt global best practices.
The delegation inspected several facilities, including the:
ISPS Monitoring Cell
CCTV Command and Control Room
Export container scanner
NCT export yard
Cargo handling areas
River security
They also visited private terminals, including the Ispahani Summit Alliance Container Terminal, Incontrade Container Limited, and Patenga Container Terminal. The USCG praised the state-of-the-art facilities and professional staff.
Lieutenant Commander Nagy reaffirmed the USCG’s commitment to enhancing security collaboration with Chittagong Port. CPA Member (Harbor & Marine), Captain Ahmed Amin Abdullah, also met the delegation and commended the successful inspection process.
CPA Secretary Omar Faruk confirmed that Chittagong Port is fully compliant with the ISPS Code. The inspection reflects the port’s commitment to international security standards.
Chittagong Port continues to modernize operations, focusing on automation, cybersecurity, and global compliance. Its partnership with the USCG ensures it remains a leader in international port security.
Read more related news: Tripura: Rs 250-crore Sabroom Land Port to boost India-Bangladesh trade, set to begin operations in early 2025
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.
Discover all our upcoming events and secure your tickets today.
Journal of Supply Chain is a Hansi Bakis Media brand.
Subscribe to our Daily Newsletter
Subscribe For FreeBy continuing you agree to our Privacy Policy & Terms & Conditions
Next News
Anamika Mishra
[Sub Editor]
India’s logistics and warehousing industry stands at a crossroads of unprecedented growth and change. With e-commerce and quick commerce sectors expanding at over 19% CAGR, the nation’s logistics infrastructure is struggling to keep pace. Fresh supply of institutional, Grade-A warehousing facilities again fell short of demand in 2024. Addressing these gaps is critical, not just to meet immediate logistical needs but to catalyse India’s march toward a $5
trillion economy by 2027.
Enter Welspun One, the largest homegrown and leading platform that India’s logistics sector needs. Through its integrated fund and development management business model, the company is systematically reshaping the warehousing and logistics landscape in India. By strategically aligning its operations with emerging market demands, Welspun One is setting new benchmarks in efficiency, scalability, and innovation.
At the core of Welspun One’s strategy is a farsighted approach to land acquisition. The company identifies and procures large tracts of strategically located land across major industrial and consumption hubs. These sites ensure seamless connectivity to transportation networks, reducing transit times and operational costs. Leveraging powerful local networks of brokers, IPCs and wealth management firms has allowed Welspun One to source over 500 acres of prime land, underscoring its ability to secure locations that enhance supply chain efficiencies.
Add to the mix Welspun One’s innovative capital-raising strategy. The company launched India’s first Alternative Investment Fund (AIF) focused on warehousing. It attracted various investors, including high net-worth individuals, family offices, and domestic institutions. These investors sought to participate in the full asset creation cycle in a transparent and hassle-free manner. The first fund raised ~₹500 crore, and has already made two profitable exits for investors. The second fund has raised commitments of ₹2,275 crores (including co-investment commitment). The company is now working toward raising a ₹4000 crore fund to double its portfolio from 16 million sf to ~32 million sf by 2028.
The reason for Welspun One’s success is rooted in its simplified leasing solutions. The company’s unique approach involves offering customized leasing options that cater to diverse business requirements ensuring faster client onboarding and greater retention rates. As evidence of its success, Welspun One’s Grade A logistics park in Bhiwandi, with GLA of 2.5MM sf was leased and delivered in ~3.5 years from the commencement of the project.
Check out More Articles -> Nvidia unveils Mega Omniverse blueprint for building industrial robot fleet digital twins
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.
Discover all our upcoming events and secure your tickets today.
Journal of Supply Chain is a Hansi Bakis Media brand.
The week’s best stories, handpicked by JOSC editors in your inbox every week.
Stay informed with exclusive content
