A joint formal complaint, which was made alongside the World Shipping Council (WSC) and the European Community Shipowners’ Association (ECSA), regarding the Bangladesh Flag Vessel (Protection of Interest) Act, has been submitted to the European Commission’s (EC) Trade Barrier Reporting Mechanism.
A letter sent by the International Chamber of Shipping to the Government of Bangladesh regarding the implications of the Bangladesh Flag Vessels (Protection of Interest) Act 2019 and the corresponding Ministry of Shipping Notification (S.R.O. No.- 29-Act/2023) published on 5 February 2023, both of which impose cargo preference provisions for the transportation of Bangladesh cargo by Bangladesh-flagged vessels.
Since acquiring former tanker pool specialist Heidmar from TMS Group in November 2020, CEO Pankaj Khanna has grown the company’s commercial management business from six to nearly 60 vessels. He talks to ICS about what it takes to succeed and grow in an evolving shipping market.