Mongla port earns record profit despite COVID-19

Mongla port earns record profit despite COVID-19

Bangladesh’s second busiest sea port, Mongla, has earned a record profit of over Tk 1.15 billion in the just concluded 2019-20 fiscal year despite COVID-19 pandemic, reports news agency BSS.

According to Mogla Port Authority (MPA), the import-export trade did not have much impact on the seaport as a total of 903 vessels have been berthed at the port which handled 10.1 million tonnes of goods in the last fiscal.

The port also handled 59,476 TEUs (Twenty Equivalent Units) of containers in that period.

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The MPA following austerity measures lessened the over expenditures in the on-going COVID 19 pandemic situation that resulted in making a net profit of over Tk 1.15 billion after paying salaries and allowances and other development activities cost.

MPA chairman rear admiral M Shahjahan said the port activities were never stalled since the novel coronavirus situation began. The profit of the port in the last financial year has been made with concerted efforts of all and this trend will continue in future.

“The loading and unloading of goods remained operative round the clock but transportation of goods to and from the Mongla port was affected in the COVID-19 situation,” he added.