31/08/2026
One Shipping Giant Backed Down. The Other Is Still Holding a $100M Project Hostage.
We invested $100 million to build Bangladesh's first aluminum beverage can plant — a 100% foreign-owned project in a Hi-Tech Park, designed to end the country's reliance on imported cans.
When 41 containers of construction materials arrived at Chattogram Port, we expected zero-duty clearance under the SRO framework. Customs demanded 58.6% and caused all delay. We fought through the High Court, won, and settled at 10% (AT+AIT). And all governments and relevant organizations has issued supported aligning Ministry of shipping waiver letters to CNC.
Then came the detention fees.
Three carriers were involved: GLOBE (Singapore), CNC (CMA CGM Group), and MSC (Switzerland). Bangladesh's Shipping Ministry granted a 90% detention fee waiver.
GLOBE complied. Immediately. Professionally. 11 containers released last December.
MSC initially refused — for 8 months. But we acknowledge: has NOW agreed to the 90% waiver. Thank you. We urge CNC to release the containers without further delay and put this behind us.
That leaves Cnc (CMA CGM Group) as the sole holdout.
22 containers. Still stuck. Still charging $120/day. Still offering only token discounts. While a national priority project sits idle.
This is not a new story. Last December, the first waiver 90% issued from Ministry of shipping, but only Globe complied and released 11 containers of total 41 containers, others stuck due to the unreasonable calculations from the Shipping lines.
July 19, 2026, Chattogram Port Authority Chairman — a Navy Rear Admiral — personally called CNC. On the phone, they totally agreed to comply. Then they hung up and ignored the phone calling instructions. Treated a sovereign government order as "air."
Today, we are back at Chattogram Port. Meeting the Chairman. Meeting Customs. The government's position has not changed and new PM fully support our investment. The law has not changed. The only thing that has changed is that MSC finally respected it.
CNC — you are now the ONLY shipping line refusing to obey a lawful Bangladeshi government order. GLOBE did the right thing. MSC has come around. The international trade community is watching. Your customers are watching. Your shareholders are watching.
Shipping lines have an obligation to help clients mitigate their losses. A new container is priced at USD 5,000 per unit in USA, whereas a replacement ranges between USD 2,000 and 3,000.
We are not asking for special treatment. We are asking for the same standard GLOBE set: obey the 90% waiver, charge a fair $80/day, release the containers.
To CGM: your subsidiary's conduct in Bangladesh is no longer a commercial dispute. It is a reputational crisis. Fix it.
Bangladesh's dignity deserves respect. Investors deserve fair treatment.
Bangladesh