Prospect of Ship Building Industries in Bangladesh

Prospect of Ship Building Industries in Bangladesh

PROSPECT OF SHIP BUILDING INDUSTRIES IN BANGLADESH

Md. Mahfujul Amin
10364075

Managerial   Communication
BUS   502
Spring 2011
                                                                       

                                                                               
                                                                              BRAC   UNIVERSITY

Prospect of ship building industries in Bangladesh
Abstract:
Bangladesh has a   thousand year   old history in shipbuilding.   There   are   more   than 200 shipyards in   the   country, which are mainly   engaged   in building and   repairing   low   quality   inland   vessels. Two shipwards   have succeeded in making   international   classed   vessels- and   many   more   will come. It is   about   15% cheaper   to produce   a ship   in Bangladesh   than anywhere else and the industry   is   expected to grow significantly.

Introduction:
Bangladesh is enjoying a boom in ship building. Driven by rising demand and a global supply shortage, existing players in the market have been able to capitalize on a global backlog in orders and sharp rises in prices. While investment in existing shipyards provides significant investment opportunities, investment in new yards may less compelling given two to three year lead times, a forecast fall in demand from 2011 and global dominance from China. However, leveraging its low cost base, adopting new technologies, coupled with government incentives and a strategic focus on areas such as small ships, Bangladesh could carve itself out a profitable niche.

Bangladesh, through the course of time, has gained a comprehensive experience of building fine vessels in answer to her communication and transportation needs. From wood to steel, and from single-deck to multi-deck vessels, the country’s Shipbuilding Industry has developed over time and so has the labor force’s mastery of the craft. Today, There are over two thousand 500 tonne–to-2000-tonne capacity cargo-ships and...

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