Penetration of Bangladesh into Ship Building Export

Bangladesh is stepping into the global market of ship-building. It is for the first time Bangladesh is entering the export market of sea vessel. A Bangladeshi ship building company titled M/s. Ananda Shipyard & Slipways Ltd. made an agreement with Stella Shipping Co. of Denmark for the export of ship. Two Container vessels of 2900 D W T each ordered by Denmark is under construction in the Dockyard of Ananda Shipyard & Slipways Ltd. which is expected to be completed within the next two months. The value of this export order amounted to US$ 12.00 million.

02. The Denmark Company made another contract with the same company producing two more ships at the cost of US$ 26.54 million. Apart from this, Ananda Shipyard & Slipways Ltd. will also supply another ten ships to a German company within two years at the cost of US$ 120.00 million. Accordingly to M/S. Ananda Shipyard & Slipways Ltd. they have more fifteen export orders of ship building worth of US$ 152.38 million for different European countries. A German company named Momroski Martin and another German company named Re-Ediri have placed order for the import of four ships and six multipurpose Bulk-Carrier, the values of which stands at US$ 49.00 million and US$ 67.37 million respectively.

03. The ship building industry of Bangladesh has attained international standard by now. There is a demand of US$ 400.00 billion for ship building industry in the global market. There lies huge opportunity for earning more foreign currency as well as creating of huge employment in the sector by using available skilled labour, expert engineers. The ship building export will be added as a new non-traditional items of export in our export basket, which the Government in pursuing to diversify the new export base.