Desk Report,
Akij Shipping, a subsidiary of Akij Resources, one of the country’s leading industrial groups
Akij Shipping, a Akij Shippin subsidiary of Akij Resources, one of the country’s leading industrial groups, has signed an agreement with the International Finance Corporation (IFC). The proposed financing amount is a maximum of 80 million US dollars, which will be used to expand and modernize Akij Shipping’s transport fleet.
Akij Shipping, a subsidiary of Akij Resources, one of the country’s leading industrial groups
The agreement was signed at Akij House in Tejgaon in the capital on Thursday. The parties concerned are hopeful that this partnership will strengthen Bangladesh’s shipping infrastructure, reduce dependence on foreign ships and accelerate environmentally friendly shipping activities.
At the agreement signing ceremony, Sheikh Jasim Uddin, Managing Director of Akij Resources, said, “Partnership with the international financial institution IFC is not just a strategic step for Akij Resources, but a breakthrough. This partnership will help us increase our national shipping capacity and accelerate our progress according to sustainable global standards.” We are committed to moving forward with responsible growth and innovation-driven long-term goals.’
IFC, a member of the World Bank Group, works to reduce poverty and improve living standards by promoting sustainable private sector investment in emerging markets. This partnership with Akij Shipping is in line with IFC’s strategy to develop infrastructure and enhance competitiveness in the key logistics sector in South Asia.
The cooperation agreement was signed. It includes a comprehensive market and technology assessment of the shipping sector in Bangladesh, assistance in developing a decarbonization roadmap for Akij Shipping’s entire fleet, and support in improving the company’s environmental, social, and corporate governance practices.
Akij Shipping currently operates 10 oceangoing dry bulk vessels and 40 lighter vessels, representing about 14 percent of the Bangladesh market share in terms of deadweight tonnage (DWT). The activities span various trade routes in Asia and Africa.
Akij Shipping, a subsidiary of Akij Resources, one of the country’s leading industrial groups, has signed an agreement with the International Finance Corporation (IFC). The proposed financing amount is a maximum of 80 million US dollars, which will be used to expand and modernize Akij Shipping’s transport fleet.
The agreement was signed at Akij House in Tejgaon in the capital on Thursday. The parties concerned are hopeful that this partnership will strengthen Bangladesh’s shipping infrastructure, reduce dependence on foreign ships and accelerate environmentally friendly shipping activities.
At the agreement signing ceremony, Sheikh Jasim Uddin, Managing Director of Akij Resources, said, “Partnership with the international financial institution IFC is not just a strategic step for Akij Resources, but a breakthrough. This partnership will help us increase our national shipping capacity and accelerate our progress according to sustainable global standards.” We are committed to moving forward with responsible growth and innovation-driven long-term goals.’
IFC, a member of the World Bank Group, works to reduce poverty and improve living standards by promoting sustainable private sector investment in emerging markets. This partnership with Akij Shipping is in line with IFC’s strategy to develop infrastructure and enhance competitiveness in the key logistics sector in South Asia.
The cooperation agreement was signed. It includes a comprehensive market and technology assessment of the shipping sector in Bangladesh, assistance in developing a decarbonization roadmap for Akij Shipping’s entire fleet, and support in improving the company’s environmental, social, and corporate governance practices.
Akij Shipping currently operates 10 oceangoing dry bulk vessels and 40 lighter vessels, representing about 14 percent of the Bangladesh market share in terms of deadweight tonnage (DWT). The activities span various trade routes in Asia and Africa.
