Summit Alliance Port Limited is a Bangladeshi company that provides off-dock services. In addition to its facilities in the Chittagong Port and a river terminal situated on the bank of the Dhaleshwari River in Munshiganj District, it also operates and manages three river terminals in India. The principal activities of the company are inland container depot with facilities for empty container storage and container freight station having provision for handling both Import and export cargo.[1][2]
| Company type | Public limited company |
|---|---|
| Industry | Off-Dock |
| Founded | 2003 |
| Headquarters | 63 Pragati Sarani, Baridhara, Dhaka - 1212, Bangladesh |
Area served | Bangladesh, India |
Key people | Muhammed Aziz Khan (Chairman) Jowher Rizvi (Managing Director) |
| Services | Off-Dock service Inland Water Container Terminal Operator |
| Revenue |  US$18.91 million (2022) |
| US$3.02 million (2022) | |
| Total assets | US$131.26 million (2022) |
Number of employees | 1,389 |
| Parent | Summit Group and Alliance Holdings Limited |
| Website | www |
Established as a joint venture between Summit Group and Alliance Holdings Limited, the company is the dominant market leader in the competitive off–dock sector, handling over 25% of total containerized export cargo and 15% of import cargo of Bangladesh's entire containerized volume. It is a publicly traded company on both the Dhaka and Chittagong Stock Exchanges.[3][4]
History
edit
An initiative of Summit Group and Alliance Holdings Limited, Summit Alliance Port Limited was initially incorporated as a private company under the Companies Act, 1994 of Bangladesh on December 6, 2003, and converted to a Public Limited Company on March 6, 2008. SAPL started out initially by utilizing over 30 acres of Customs Bonded Area at the Chittagong Port.[3]
Summit Alliance Port Limited took over the management of three Indian river terminals in November, 2018. The Inland Waterways Authority of India in a Public-Private Partnership, handed over the management of the terminals to Summit Alliance Port East Gateway (India) Private Limited, a subsidiary of Summit Alliance Port Limited. The ports are Garden Reach Terminal in Kolkata and Kalughat Terminals in Patna.[1][5]
Overview
editThe services of the company include inland container depot comprising transportation and storage of empty containers and redelivery of the containers. Customized services, such as container condition survey, its repair, maintenance and fumigation. It has container freight station activities related to export as well as import cargo handling under customs clearance. The company also offers vessels for transportation of containers to and from Chittagong Port.[6][7]
References
edit- ^ a b "Summit to operate three river terminals in India". The Daily Star. 6 November 2018. Retrieved 5 June 2020.
- ^ "Summit to invest $8m in India to improve three river terminals in Kolkata, Patna". Dhaka Tribune. 5 November 2018. Retrieved 5 June 2020.
- ^ a b "Summit Alliance Port Limited (SAPL)" (PDF). Dhaka Stock Exchange. 12 May 2018. Retrieved 20 May 2020.
- ^ "Summit Alliance Port Limited". The Wall Street Journal. Retrieved 20 May 2020.
- ^ "IWAI Hands Over Kolkata Terminals to Summit Alliance Port East Gateway Pvt Ltd". Maritime Gateway. 6 November 2018. Retrieved 5 June 2020.
- ^ "SAPL terminal engaged in releasing goods". New Age. 6 November 2018. Retrieved 5 June 2020.
- ^ "Summit Alliance Port helps keep port yard congestion-free". New Age. 2 May 2020. Retrieved 5 June 2020.