Dhaka, July 4 -- A Saudi firm-operated Patenga Container Terminal (PCT) has imposed four-time higher store rent on stockpiled cargoes to pressure traders not to use the facility as warehouse.

This happens to be the first time in its history the port operator imposed such penalty on the users who stockpile cargoes beyond the free period of 11 days after they are unpacked from the boxes at the container freight stations (CFSs)

The penalty, imposed by Saudi-based Red Sea Gateway Terminal (RSGT), is applicable to less than container load (LCL) cargoes only, effective from the first of July.

The RSGT management has taken the measure after repeated calls from the operator have failed to draw attention of the terminal users that led to huge s...