Bangladesh to sell $0.3 billion in ships by 2012

[Bengal_Tiger]

German firm recieves 2 more ships.German firm receives 2 more ships

Fri, Jul 29th, 2011 12:51 pm BdST

Chittagong, July 29 (bdnews24.com) -- Two ice-class oceangoing vessels made by local firm Western Marine Shipyard have been handed over to their German importer.

Shipping minister Shahjahan Khan delivered them to Grona Shipping Limited of Germany at a programme at the marine workshop of Chittagong Port on Friday.

The minister also handed over pilot vessel 'PV Rakkhi' to Chittagong Port Authority and formally inaugurated ro-ro ferry 'Birshreshtha Mohammad Ruhul Amin' manufactured by the local firm.

Managing director of Grona Shipping, who earlier received four commercial ships from the same Bangladeshi firm, was given EMS Tide and EMS Wave by the minister.

The ferry was received by Bangladesh Inland Water Transport Corporation chairman Golam Mostafa Kamal, while the other by shipping secretary Abdul Mannan Hawlader.

Managing director of Western Marine Mohammad Sakhawat Hossain said the ships for Grona Shipping were built at a cost of Tk 1 billion each while the two others at Tk 420 million.

The ferry, capable of carrying 27 trucks and 370 passengers, would run on the Mawa-Char Janajat and Mawa-Madaripur routes, while 'PV Rakkhi' will be used as a transport vessel for the sailors and officials of ships anchored on the outer anchorage of the port.

bdnews24.com/mu/cm/mi/trb/pks/sam/1645h

http://www.bdnews24.com/details.php?id=202106&cid=4











This is just part of an overall production and sale of 30 ships worth $300 million by 2012.

This $0.3 billion sum will increase over the years insha'Allah including expansion of the engineering expertise and technological base of the shipping engineering and other associated engineering and technological areas of knowledge.

The $0.3 billion figure also has a wider economic impact due to backward linkage, that is an economic term signifying a company ordering components to produce an item for sale. For instance a furniture company receiving orders will necessitate it orders timber, and this link goes back in the production cycle to the timber company.

The Bangladeshi government wants to make shipping one of its key thrust sectors for the economy, which is what Asia electronics giant South Korea did before.


The world's ship making industry is currently $30 billion approx, which means if Bangladesh can gain 5% of that market share (which is expanding anyway) it would get $1.5 billion a year, and thus $7.25 billion over 5 years.

The Bangladeshi economy is in actual reality two times larger than its official size, due to the government calculating everything using old criteria, so the Bangladeshi economy is actually far larger than the Pakistani one.

It has the potential to become a $1 trillion economy within 15 years. Only 15 countries have a $1 trillion economy, something which Bangladesh the world's 8th largest country population-wise is able to achieve if the right policies are implemented.

[Bengal_Tiger]

Bangladeshi shipbuilders to export 30 vessels to fetch $300m by 2012

Wed, 27/07/2011 - 3:41am | by priyodesk 0


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A couple of leading shipbuilders of the country will deliver 30 small ocean-going ships to fetch $300 million from their clients mostly in Europe by the end of the next calendar year, shipbuilders said on Tuesday.

More Bangladeshi made ship to be delivered by 2012


To meet the delivery deadline the shipyards are busy building the ocean going and ice-class vessels for their clients also in Africa and Asia.

The Western Marine Shipyard Limited (WMSL), one of the leading shipbuilder, will deliver 20 ocean-going ships worth $200 million to firms in the Holland, Denmark and Singapore. The deals also included two passengers vessels for Karachi Port Trust.

Two ships, each with 5,200 DWT (deadweight tonnage), a passenger ferry, two passengers floating vessel have already been delivered to Germany, Finland and Pakistan.

"We are building the rest seven and a couple of ships with a DWT between 4,100 and 4,800 are complete and will be floated soon," Shakawat Hossain, managing director of Western Marine Shipyard Ltd, told the FE.
WMSL, based in at Kolagaon in Chittagong, on the bank of the river Karnaphuli near the country's main port, some 300 km (188 miles) southeast of the capital Dhaka, is likely to complete its delivery by the end of the current year or early next year.

"The Ananda Shipyard and Slipways Limited (ASSL), the country's pioneer ship exporter, will deliver 10 other ships worth $110 million to European buyers, mainly in Germany and Denmark," said Eng. Saiful Islam, technical director of Ananda Shipyard said.

WMSL is currently negotiating with shipping companies in several European and Middle Eastern countries for building dozens of ships worth $400 million in the coming years.

Ananda Shipyard and Slipways Limited, located at Meghnaghat on the river Meghna, was a pioneer in the sector and has so far won deals to build 26 small ships worth $400 million. The orders came from Denmark, Mozambique and Germany.

Ananda already exported 10 smaller ships to Germany, Mozambique and Maldives, worth $18 million so far after exporting the first-ever Bangladesh-built ship to Denmark in 2008.

http://www.priyo.com/business/2011/0...por-32922.html

[Bengal_Tiger]

Ananda already exported 10 smaller ships to Germany, Mozambique and Maldives, worth $18 million so far after exporting the first-ever Bangladesh-built ship to Denmark in 2008.

The first ship was around $6 million and 3 years later we are speaking of a ship industry making deals worth $0.3 billion, or $0.4 billion, that is an increase of x 50 in 3 years, or 5,000 % (if my maths is correct).

If we were to increase that by just x 10 as opposed to x 50 by the next 3 years we would be looking at a multi-billion dollar shipping industry which would be propelling the Bangladeshi economy to reach government figures of first 8% and the 10% annual growth (current rate of growth is now 7%, after consistent growth of 5% in the 2000s). Bangladesh can achieve its goal of having a trillion dollar economy within 15 years, if not earlier.

WMSL is currently negotiating with shipping companies in several European and Middle Eastern countries for building dozens of ships worth $400 million in the coming years.

WMSL (Western Marine) is competing with fellow Bangladeshi ship builder, Ananda to secure deals and penetrate the middle eastern market. Competition will only be good in promoting growth.



Image from the Ananda group.



Photo from a Western Marine event.



However these Bangladeshi corporations after entering the Middle eastern market with its trillions of dollars in oil wealth, can then start focusing on the Latin American market as Brazil (BRIC member), Mexico (member of the NEXT 11) and Colombia (part of CIVETS) are experiencing massive industrial growth and will be developed states within a few decades.

Brazil has recently decided to upgrade diplomatic ties with Dhaka, and Bangladeshi textile companies, amongst the leading in the world have started to focus their attention on that market.





Dhaka eyes South America as new market

Sheikh Shahariar Zaman

Dhaka, July 20 (bdnews24.com) – Since Bangladesh is desperately looking for new market for exports of its products South America is going to be its latest target, a senior foreign ministry official says.

The government is sending a mission soon to the potential region in a bid to explore business options, director general of America wing of foreign ministry Muhammad A Muhith told bdnews24.com.

The mission is assigned to see what business opportunities are there in the region, a rising economic power, while its importance in global politics is also growing fast. The team is also expected to find out scope in the fields of manpower export and agriculture.

The team, which leaves on July 27, has planned to visit Mexico, Brazil, Jamaica, Panama, Argentina and Chile. It returns on Aug 10.

Why this plan? Muhith explains.

"Bangladesh needs to diversify its export destination as it now relies heavily on the US and EU," he says.

"It is expected that average per capita income of the South America region will be $22,000 by 2025, and Brazil, Chile and Mexico alone will import about $500 million worth of readymade garments in the next two years," he said.

Currently, Bangladesh annually earns about $12 billion in exports of garment products mainly to the United States and European Union, but manufacturers say they need new export destinations to stay afloat amid stiff competition dominated by China, Vietnam and India.

Muhith also thinks so.

"Bangladesh needs to reduce the dependency on the two existing export markets and try to strike bilateral agreements to have duty-free market access to South American nations," he adds.

The official says Bangladesh can immediately focus on Brazil to exploit its market. The scope to enter Brazil's market is wide open, especially
after Brazil's reopening of its mission in Bangladesh, he says.

Muhith says Brazil is interested in 'green technology' and it wants to import jute and jute products, garment and pharmaceuticals products.

"I met with Brazilian ambassador to Dhaka several times and he showed interests to import products like medicines," he says. "We are working on that."

Foreign secretary Muhammed Mijarul Quayes will lead the team while representatives from prime minister's office and commerce, agriculture and expatriate welfare ministries will join it.

POLITICAL RELATIONSHIPS

Bangladesh needs to forge strong political relations too with the region.

Dhaka does not have any mission in South America, which is becoming not only an economic power house but also a very influential region politically.

Brazil, Chile and Argentina are increasingly becoming influential in the global political scenario.

"South America can become very important for Bangladesh for its economic growth, political stability, democratisation and increasing influence in the international arena," Muhith says.

Bangladesh can benefit politically by establishing good relationship with South American nations, he says.

Bangladesh has missions in all BRICS (Brazil, Russia, India, China and South Africa) nations except Brazil.

Muhith says currently Bangladesh communicates with South American countries through New Delhi or New York or Washington missions, but it's time for establishing direct channels.

He says the government has already asked the foreign ministry to open missions in Brazil and Mexico.

"We are working to do so as soon as possible," he says.

http://world.bdnews24.com/details.php?id=201320&cid=0

[AFG21]

Good for Bangladesh, to bad that Afghanistan don't have a sea, oh well we have to figure out somthing difrent to make our economy to grow.

[graveyardofempires]

^
soon we will have acces

[Bengal_Tiger]

Bangladesh is helping Afghanistan in its own way through BRAC.

A strong Bangladesh is good for Afghanistan and vice versa.

Our countries are linked historically for under a millenium, the first Muslim state in Bengal was that of an Afghan, the legendary Bakhtiar Khilji.

The Bangladeshi right-wing consider that as the foundation of Muslim Bengal/ Bangladesh in 1202.

IIkhtiyar Uddin Muhammad bin Bakhtiyar Khilji, also known as Malik Ghazi Ikhtiyaru 'l-Din Muhammad Bakhtiyar Khilji, a member of the Muslim Khilji tribe, who was head of the militant group that conquered much of northeastern India.

Khalji came from the town of Garmsir in southern Afghanistan. Tradition has it that Khalji's conquest of the Bengal at the head of 18 horsemen was foretold...

Bangladeshi poet Al Mahmud composed a book of poetry titled Bakhtiyarer Ghora meaning Horses of Bakhtiyar in early 1990s depicting Khilji as the praiseworthy figurehead of conquest of Bengal. It was under Bakhtiyar Khilji's reign that Muslim missionaries in India achieved their greatest success, in terms of number of converts to Islam.[1] Muhammad Bakhtiyar Khalji had the Khutbah read and coins struck in his own name. Mosques, madrasas and Khanqahs arose in the new abode of Islam through Bakhtiyar's beneficence, and his example was worthily imitated by his Amirs.

http://en.wikipedia.org/wiki/Ikhtiya...khtiyar_Khilji



Afghans at Garmsir.



Bangladeshi poet, Al Mahmud, one of Bangladesh's greatest writers and poets who struggled against the racist West Pakistani regime and wrote a book celebrating the great Muslim Afghan Bengali ruler, Bakhtiyar Khilji (rahmatullahi alaih).

[AFG21]

Ow I didn't knew that Bangladesh and Afghanistan hade historical conections

[AFG21]

And @graveyardofempires
what do you meen by soon, Pakistan is there, I do not see how soon Pakistan can disapear

[graveyardofempires]

^
nothing is disapearing but the baloch are taking over and so are the pukhtane.

[AFG21]

But I don't think that Baloch wont to join Afghanistan they want there own state and the Land of Pashtun in Pakistan don't border the sea.

[graveyardofempires]

^
and we can have good friendly relations with them.