CFTC threaten boycott of Chittagong?

The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.

Under current regulations, foreign vessels are required to seek a special waiver certificate in order to load or unload cargo within 24 hours of a Bangladeshi-flagged vessel berthing or departing from Chittagong. Last year, application of this regulation resulted in a five-day boycott by the lines, which cost them an estimated $630,000. However, although the Bangladesh government agreed to repeal the law, it continues to be used to favour domestic flags lines, such as HRC Shipping, which lobby in favour of its retention.