Bangladesh is the growing economy in Asia, with its fast growing export market to the US and Europe, predominantly Ready Made Garments (RMG) as widely known. Due to its cheap labor cost the business is really taking shape and the forecast of the international experts to a natural growth of Bangladesh’s foreign trade up to 1.45 trillion US Dollar by 2020, is something incredible.
Fact remains that due to infrastructure and leadership capability Bangladesh lacking logistically, as such the logistical cost of the foreign trade is about 28% is one of the highest in the world.
Bangladesh needs to reduce this cost. How this can be done, the question arose in the mind of the visionary management of HAZL Lines, headed by Dr. M. Haider Uzzaman, whose background is Logistics and Transport Economics.
Currently Bangladesh market of Containerized cargo is about 2 million TEUS per year, which is growing at 16%. Unfortunately, not even one Shipping Lines from Bangladesh is operating Container Carrier out of Bangladesh. The trade is dominated by world’s largest and most expensive operators who are operating the services sitting in most expensive places like Europe, Singapore.
Bangladesh government have enacted the rules of “Flag Protection Act” however none yet have taken the advantage to register Container Vessel in Bangladesh and enjoy this facilities, which HAZL Lines wish to avail launching the Container Service acquiring the appropriate vessel.
HAZL Lines wish to launch a Bangladeshi dedicated Container carrier between Bangladesh and Far East, and a line between Far East to the ME and up to Europe creating the opportunity for the Bangladeshi and regional markets to get their cargo direct to Europe for the First time.
HAZL Lines currently recruiting a dynamic team of work force from the Global market with strong background of Logistics and Shipping. Acquiring the most effective IT infrastructure. Setting up the agents network globally.
HAZL Lines working closely with the international bankers, financiers, leasing companies to acquire the right size Vessel to launch the Service from the first quarter of 2014.