Seven years ago, entrepreneurs from various industries started transporting their products after buying lighter ships. Entrepreneurs started investing in this sector due to high fares from Water Transport Cell, a company operating lighter ships. The rate of renting ships from the Water Transport Cell dropped at one point. As a result of this predicament, now companies are required to lower the ship fare.
The Water Transport Cell has finalised the draft of the new fare by holding several meetings with the freight transport contractors. The rent is being reduced for four months till the next December.
Nurul Haque, joint convener of the Water Transport Cell, said that fares were reduced for the COVID-19 pandemic. Fares will be reviewed again next December.
