The BM Container Depot fire incident, largely blamed on its owners' negligence, has shaken up the entire chemical producing sector with hydrogen peroxide exporters incurring massive losses in the aftermath of the deadly 4 June blaze that has claimed 49 lives so far. Hydrogen peroxide exporters fear they may lose customers as the export is caught up in uncertainty with shipping
Two companies, which handle a major portion of Bangladesh's hydrogen peroxide exports, have been forced to stop production as most shipping lines are declining to carry the chemical following a deadly fire at an inland container depot (ICD) last week.
The chemical, produced in about six factories in Bangladesh, is exported to 14 countries including Vietnam, China, Korea, Pakistan, India, Indonesia, Sri Lanka, Myanmar, and Malaysia
India has withdrawn its anti-dumping duty on the import of hydrogen peroxide, a chemical used in dyeing and washing plants in the textile industry, from Bangladesh.