Ship building industry in Bangladesh is set to emerge as new export leader after two ship builders said Monday they have already grabbed order worth over $250 million last year.
Meghnaghat-based Ananda Shipyards said it signed agreements worth around $180 million while Chittagong-based Western Marine put its total orders to more than $70 million.
"It's a huge leap forward for us. If the trend continues, ship building in Bangladesh will be the second largest exporter after garments in 2015," chairman of Ananda Shipbuilders Abdullahel Bari said.
"If we can grab one per cent of the global order for small ships, the amount will be worth $4.0 billion. The global market for small ships is now about $400 billion," said Shakhawat Hossain, managing director of Western Marine.
Their comments follow what the experts said an epoch-making year for the country's ship building industry, which earlier had been languished in building smaller launches and tankers for local operators.
Experts said the country has become a new destination for companies seeking construction of small ocean-going vessels as traditional shipbuilding nations such as South Korea and China now focus on building large ships.
Even Vietnam, which is relatively new in ship building, is no longer interested to build small ships weighing upto 25,000 dead weight tonnes.
"They want to build bigger vessels because it is relatively cheaper and requires fewer people," Hossain said, adding their reluctance has made India and Indonesia the new destinations for small shipbuilding.
The focus on Bangladesh came in April last year when Ananda signed deals worth around $100 million with two German shipping companies to build eight vessels with capacity for 325 containers by June 2010.
"As far as I know this was the single biggest export order for the country. The contract sealed our name as a new ship building country in the global map," Bari, a former professor of naval engineering, said.
The Export Promotion Bureau (EPB) said it does not have any data on the size of export orders by individual exporters.
The company then went on to sign two more deals worth $82 million in October and December last year. Bari said later this month his company would sign deal with another German company to build four ships, each worth $17.5 million.
"We are now investing about Tk 1.10 billion to set up two dry docks in our shipyard. We hope by early next year when the docks will be built, we can take order worth $500 million," Bari said.
The Collins class submarines used leading edge of technology and were specifically designed for Australia’s special requirements. Despite all the issues discussed, the Project has some significant project management, engineering and construction achievements which in many ways demonstrate the capacity of Australian Industry to manufacture world-class submarines. Meanwhile, many of the mechanical, technical and combat system problems of the Collins class submarines have now been resolved. The latest review indicates that the availability of the submarines for deployment has increased significantly (ABC, 2014). However, the actual procurement process was risky because it had unclear objectives, unrealistic expectations, adopted untried construction processes, and was dominated by inexperienced supervision and management.
Known for being one of the newest and largest ships at the time, headed high speed through
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Teekay Partners L.P. is the third largest independent LNG carrier company in the world, and is growing very rapidly. They have grown 18% over the last year, and that comes primarily from investing any net income back into the company, to generate more ships. The more vessels an LNG company has, the more it can drive down price and the more likely it is to capture an exclusivity contract with a gas extractor. Within the next three years, the plan is to have ...
Boeing Corporation is at an all time high for sales. "For the first time, its commercial-airplane unit earned more than its defense side."(Masters, 2007) "Boeing's backlog of orders increased 47% to a record 208 Billion, more than seven times the units 2006 revenues."(Masters, 2007) This has presented a separate problem for the organization.
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In 2013, the World Trade Organization published its World Trade Report. Found within this report were the details on the World's top importers and exporters of merchandise. In ascending order, the top exporters were; #1 China, #2 United States, #3 Germany, #4 Japan and #5 Netherlands. The top importers were; #1 United States, #2 China, #3 Germany, #4 Japan, #5 United Kingdom. But even a developing country can dominated the world's economy because in 2013, China became the World's number one exporter of merchandise and held the number two position behind the United Stat...
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The authors try to emphasize the importance of new growth dynamics for containerization not just for being a transport unit but also as a supply or commodity chain unit as well. The group of authors also briefly explain that Containerized freight is commonly characterized by the movement of manufactured goods and parts from manufacturing facilities to retail activities with the whole range of distribution activities in between, such as terminals and distribution centers. The way containerized freight is used is a benefit in multiple ways from the space flexibility to movement of goods shown in terms of distribution efficiency. Containerization dynamics has for some time relied on a variety of factors that are noted as being derived volume linked with globalization, the substitution of break-bulk traffic into