Bangladeshi Shipbuilding Ready to Boom
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Sunday, June 14, 2015

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Bangladeshi Shipbuilding Ready to Boom


Impoverished Bangladeshi shipbuilders have got orders of 120 million U.S. dollars for supplying ships to European and Southeast Asian owners. Managing Director of Western Marine Shipbuilders Mr. Shakawat Hossain said that Bangladesh at present can build up to 10,000 TEUs capacity ships. Since labor is cheaper in Bangladesh, the importers from Europe and Southeast Asia are coming to Bangladesh.

He said that South Korea and China, two big shipbuilding countries in the world, have got orders of shipbuilding till 2012. They are unable to take fresh orders, so this situation gives Bangladesh a chance to have a share in the exporting ships business. Only two yards are now building ships in Bangladesh. Western Marine Shipbuilders has current orders of $10 million. The other is Ananda Shipyards Shipways, which has received orders to the value of 110 million U.S. dollars. However, only a few orders are coming to Bangladesh as the country lacks large scale shipbuilding capacity.

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