, April 20 -- Bangladesh on Monday entered a new era of maritime logistics with the signing of a contract to open the MGH Terminal, the country's first private container port, in what is being described as a 'historic occasion' for the maritime industry.

Chairman of the Chittagong Port Authority (CPA) Rear Admiral Moniruzzaman lauded the initiative and said the contract signing of the MGH Terminal is a 'historic occasion' for the country's maritime industry.

"By integrating private sector agility with green technology, this terminal provides vital strategic value to the Chittagong Port. I am confident MGH Terminal will set a new benchmark for vessel turnaround times and environmental responsibility that will make our exports more compet...