Maersk secures 30-year lease for Bangladesh's Chattogram container terminal

On Monday, Bangladesh signed a 30-year lease with Danish global shipping giant Maersk to manage a new container terminal in Chattogram (south-east), the country's largest port.

Officials from the Chattogram Port Authority stated that APM Terminals, the Maersk subsidiary involved in the project, will invest approximately 550 million dollars over the next three years to develop the site.