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Bangladesh Airport Inferno Estimated to Cost $1bn in Damages
The fire destroyed fabrics, pharmaceuticals, and chemicals, injuring 35 workers and halting flights, with losses estimated at over $1 billion by the International Air Express Association.
- On Saturday, the Bangladesh Garment Manufacturers and Exporters Association urged urgent aid after a blaze left Hazrat Shahjalal International Airport cargo complex in ruins, estimating damages of up to US$1 billion.
- Amid a week of major blazes, officials and analysts point to weak safety enforcement and poor infrastructure after Saturday's fire, the third this week following a seven-story clothing factory blaze on Thursday and the warehouse fire on Tuesday that killed at least 16.
- The cargo centre stored fabrics, pharmaceuticals and chemicals that were destroyed, imperiling shipments and inventories, while workers and emergency crews reported around 35 injured and flights were temporarily suspended.
- Authorities have launched probes and asked exporters to document losses as damage assessments proceed with the National Board of Revenue assessing damage after Sunday’s fire, investigators looking into possible arson.
- The damaged airport cargo village is among Bangladesh's busiest logistics hubs, especially during the pre-Christmas rush, raising supply-chain risks for global retailers H&M and Walmart.
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Bangladesh Apparel Sector Faces $1 Billion Blow After Airport Cargo Fire
Garment exporters in Bangladesh are bracing for losses of up to USD 1 billion following a massive fire that tore through the cargo complex at Dhaka's Hazrat Shahjalal International Airport, just as the industry enters its busiest export season
·New Delhi, India
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Bangladesh’s key garment industry at risk of $1 bill loss after airport fire - The Canadian Media
#Bangladesh# Bangladesh Airport Fire# Bangladesh Fire# Bangladesh Cargo# Dhaka Airport IBNS-CMEDIA: Bangladesh’s garment exports can face a loss of up to USD 1 billion after a massive fire devastated the cargo complex in Dhaka’s Hazrat Shahjalal International Airport. According to reports, the blaze that occurred on Saturday gutted storage areas holding huge quantities of raw materials, apparel and product samples belonging to exporters. The fir…
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R 50%
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