Ship building industry in Bangladesh is set to emerge while new foreign trade leader following two send builders said Monday they have grabbed buy worth more than $250 million last year.
Meghnaghat-based Ananda Shipyards said it signed contracts worth around $180 mil while Chittagong-based Western Underwater put their total orders to a lot more than $70 mil.
" It's a huge step forward for us. In case the trend proceeds, ship building in Bangladesh could be the second major exporter following garments in 2015, " chairman of Ananda Shipbuilders Abdullahel Bari said.
" If we can grab 1 per cent with the global purchase for tiny ships, the total amount will be worth $4. zero billion. The global market to get small ships is now about $400 billion dollars, " stated Shakhawat Hossain, managing director of American Marine.
Their particular comments stick to what the professionals said a great epoch-making season for the country's crafting ships industry, which usually earlier had been languished in building small launches and tankers pertaining to local operators.
Experts explained the country has become a new destination for companies searching for construction of small ocean-going vessels as traditional shipbuilding nations including South Korea and Chinese suppliers now give attention to building huge ships.
Actually Vietnam, which is relatively new in ship building, has ceased to be interested to build small delivers weighing upto 25, 500 dead fat tonnes.
" They want to build larger vessels since it is relatively less costly and requires fewer people, " Hossain stated, adding all their reluctance made India and Indonesia the newest destinations for small shipbuilding.
The focus on Bangladesh came in 04 last year when Ananda agreed upon deals worth around hundred buck million with two German shipping firms to build 8 vessels with capacity for 325 containers by simply June 2010.
" As far as I realize this was the only biggest export order pertaining to the country. The contract covered our brand as a new ship building country in the global map, " Bari, an ex professor of naval executive, said....