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The inland container depots (ICDs) within the nation are returning shipments of hydrogen peroxide to their respective factories as main delivery firms have refused to hold the chemical to numerous export locations.
Samuda Chemical Advanced Ltd despatched consignments of hydrogen peroxide to the OCL container depot in Chattogram for delivery. However the cargo has been stranded resulting from fireplace and subsequent explosions triggered by hydrogen peroxide at BM Container Depot in Sitakunda on the evening of 4 June.
On 7 June, OCL depot authorities despatched an e-mail to Samuda Chemical authorities asking them to return shipments of the chemical to the manufacturing facility.
Mamunul Islam, a senior official of Samuda Chemical, stated the corporate exports about 4,000 tonnes of hydrogen peroxide value round $2 million each month.
“Samuda has been exporting hydrogen peroxide to numerous international locations for the final 15 years. The quantity of export was growing yearly however the BM container depot incident has created a worldwide detrimental influence,” he added.
Not solely Samuda, however different firms like Tasnim Chemical Advanced, SM Chemical Industries, HP Chemical substances Restricted, and Infinia Chemical Ltd are in a quandary over the shipments of hydrogen peroxide- a product that receives a ten% authorities subsidy.
Numerous delivery traces together with ONE, OOCL, Goldstar have determined to not transport any container full of hydrogen peroxide from Bangladesh, stated President of Bangladesh Transport Brokers’ Affiliation (BSSA) Syed Mohammad Arif.
In the meantime, the authorities of Singapore Cargo Yard on 9 June expressed reluctance to simply accept hydrogen peroxide citing security considerations and lack of yard capability.
In line with Bangladesh Inland Container Depots Affiliation (BICDA) sources, some 111 containers of hydrogen peroxide have been trapped within the 4 depots for the reason that BM depot fireplace.
Of the stranded containers, 49 are within the OCL depot in Chattogram, 31 within the Portlink Logistics depot, 24 within the Jap Logistics, and eight within the KNT depot.
A 20-foot container or TEU is loaded with 20 tonnes of hydrogen peroxide, which is valued at $10,000. Thus, round $111 million value of hydrogen peroxide in ICDs is going through uncertainty.
Khandaker Masud Rana, Assistant Supervisor (admin), Jap Logistics Ltd, stated, “A dialogue with the exporters is underway about their shipments in our depot. A gathering will likely be held with all of the depot authorities on the Customized Home on Sunday (12 June). The subsequent plan of action will likely be determined then.”
In line with related sources, Hydrogen peroxide, produced in about six factories in Bangladesh, is exported to 14 international locations together with Vietnam, China, Korea, Pakistan, India, Indonesia, Sri Lanka, Myanmar, Malaysia, UAE and South Africa.
In line with the Bangladesh Export Promotion Bureau, hydrogen peroxide exports amounted to $23.3 million within the 10 months from July to April of the 2021-2022 fiscal yr, which is 23% greater than your complete interval of the earlier fiscal yr.
Syed Mohammad Arif, president of the Bangladesh Transport Brokers’ Affiliation, advised The Enterprise Commonplace, “The BM container depot fireplace created panic amongst delivery traces and overseas importers and they’re no longer to hold the product. I hope the matter will likely be resolved quickly.”
Hydrogen peroxide is distributed to 19 personal ICDs earlier than shipments just like the readymade clothes and different export merchandise.
In line with The Observatory of Financial Complexity (OEC), Bangladesh exported hydrogen peroxide value $13.9 million in 2020. The nation ranks seventeenth within the export of the chemical worldwide which is principally used within the bleaching and disinfection strategy of the textile, paper and pulp business.
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