...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...
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...Bangladesh Shipbuilding industry now a promising sector November 15, 2007 The shipbuilding industry in Bangladesh is now becoming a promising sector as it has signed several contracts with Danish investors to build multipurpose vessels. On at least two instances, Danish shipping interests recently have placed substantial orders with Bangladeshi shipyards. Ananda Shipyard in Meghna Ghat and CS and Partnere A/S, a Danish ship consortium, have signed a agreement to build a ship, said a press release. The first ship – a 2,900 DWT multi-purpose vessel currently under construction at Ananda Shipyard and will be delivered in early 2008 – is the first of a series of up to 14 ships ordered by the Danish investors.The second order landed by a Bangladeshi shipyard was when Western Marine in Chittagong signed a contract to build up to 5 multipurpose vessels (4,100 DWT) to be delivered to a Danish ship consortium. ‘The two orders have positioned these shipyards as serious players in the international shipbuilding industry in strong competition with Chinese and Vietnamese shipbuilders, said Danish Ambassador to Bangladesh Einar Hebogard Jensen. ‘In order to live up to the highest international standards to design ship and to obtain international accreditation from bureaus such as “Germanisher Lloyd” and “Norske Veritas” it will be important for the shipyards to be able to import various fittings and components necessary for the ships to reach an international standard,’ Einar commented...
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...Identifying and Analysing Underlying Problems of Shipbuilding Industries in Bangladesh 147 IDENTIFYING AND ANALYSING UNDERLYING PROBLEMS OF SHIPBUILDING INDUSTRIES IN BANGLADESH K. Shahriar Iqbal*, N. M. Golam Zakaria and Kh. Akhter Hossain Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka-100, Bangladesh *Corresponding email: iqbal.shahriar@gmail.com Abstract: Shipbuilding is considered to be a thrust sector in the economy of Bangladesh. But various problems are there to obstruct the development of this sector. This paper is aimed to identify the underlying problems and then analyze the nature of the problems to make it helpful overcoming the obstacles. A brief history and prospect of the shipbuilding industries in Bangladesh in the perspective of global scenario is also discussed. Key Words: Problem identification, shipbuilding industry, Shipyards. INTRODUCTION Bangladesh is a maritime nation with 1,66,000 sq. km area of sea, abundance with living and nonliving resources1. There are more than 200 rivers all around the country, with a total length of about 22,155 km, which occupy about 11% of total area of the country. Here rivers and water transports play a vital role for economical and commercial activities in Bangladesh. Major export and import of Bangladesh (about 85%) is also traveled by sea2. At present more than 5,000 inland/coastal ships have been plying all over the country, which carry more than...
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...Problems of Shipbuilding Industries in Bangladesh Journal of Mechanical Engineering, Vol. ME 41, No. 2, December 2010 Transaction of the Mech. Eng. Div., The Institution of Engineers, Bangladesh 147 IDENTIFYING AND ANALYSING UNDERLYING PROBLEMS OF SHIPBUILDING INDUSTRIES IN BANGLADESH K. Shahriar Iqbal*, N. M. Golam Zakaria and Kh. Akhter Hossain Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka-100, Bangladesh *Corresponding email: iqbal.shahriar@gmail.com Abstract: Shipbuilding is considered to be a thrust sector in the economy of Bangladesh. But various problems are there to obstruct the development of this sector. This paper is aimed to identify the underlying problems and then analyze the nature of the problems to make it helpful overcoming the obstacles. A brief history and prospect of the shipbuilding industries in Bangladesh in the perspective of global scenario is also discussed. Key Words: Problem identification, shipbuilding industry, Shipyards. INTRODUCTION Bangladesh is a maritime nation with 1,66,000 sq. km area of sea, abundance with living and nonliving resources1. There are more than 200 rivers all around the country, with a total length of about 22,155 km, which occupy about 11% of total area of the country. Here rivers and water transports play a vital role for economical and commercial activities in Bangladesh. Major export and import of Bangladesh (about 85%) is also traveled...
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...Assignment 4 THE CURRENT STATUS AND FUTURE OF SHIPBUILDING INDUSTRY IN BANGLADESH Prepared for: Shawkat Kamal Course instructor, Portfolio Management & Investment Analysis Prepared by: MD. FERDOUS KABIR ID No.: 140 Batch: 46D MBA Program INSTITUTE OF BUSINESS ADMINISTRATION UNIVERSITY OF DHAKA kabir_ferdous@yahoo.com April 1, 2013 INTRODUCTION: Bangladesh is a maritime nation with 1,66,000 sq. km area of sea, abundance with living and non-living resources. There are more than 200 rivers all around the country, with a total length of about 22,155 km, which occupy about 11% of total area of the country. Here rivers and water transports play a vital role for economical and commercial activities in Bangladesh. Major export and import of Bangladesh (about 85%) is also traveled by sea. At present more than 5,000 inland/coastal ships have been plying all over the country, which carry more than 90% of total oil product, 70% of cargo and 35% of passengers. More than 1,00,000 skilled workers and 150,000 semi-skilled workers are employed in this labor-intensive industry. All inland ships are constructed and repaired in local shipyards. Bangladesh harbours the second largest ship breaking industries in the world. They are the prime source of raw material including plate, frame, stiffener, longitudinal, pipe, old engine/generator, and even auxiliary machinery, for most of the local private shipbuilding yards. Those are used as raw material in manufacturing and repairing...
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...Ship Building Industry of Bangladesh The history of indigenous shipbuilding in Bangladesh goes back a long way. It is one of the early industries developed in Bengal based on its old business of building boats and sea vessels. Bangladesh has a strong background in building ships since ancient times. Many countries of Asia and Europe regularly bought ships built in Chittagong. Bangladesh has a strong background in building ships since ancient times. It is quite natural in that Bangladesh has more than 200 rivers with a total length of about 22,155km plus a long coast line on the Bay of Bengal. It is little known today that Bangladesh was the center of building ocean-going vessels in Asia between the 15th and 17th century. In the early 19th century, the shipyards of Chittagong built many commercial ships of up to 1,000 tons and also British navy vessels that participated in the battle of Trafalgar in 1805. Due to this historic prosperous background and also a natural geographical advantage, there are presently more than 200 shipbuilding and ship-repair yards in Bangladesh. | Ship Building Industry in Bangladesh | Prospect of Shipbuilding Industry in Bangladesh: The history of indigenous shipbuilding in Bangladesh goes back a long way. It began with wooden-bodied passenger vessels having two decks and gradually improved to steel-body construction of multi-deck passenger carriers in the eighties as the passenger transportation in reverine route...
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...Prospects of shipbuilding industry in Bangladesh by Dr NM Golam Zakaria The rich history of shipbuilding in Bangladesh dates back to a long ago. Due to congenial geographical location of this part of sub-continent, people living here used to craft wooden boat for commuting and transporting goods. They also nurtured their heritage of craftsmanship in boat building over many centuries and transferred this artistic skill to subsequent generations across different cluster of population. Historical records say that Chittagong port was the best centre of building ocean-going vessels in the middle of the 15th century. Even in the 17th century, the entire fleet of ships of the Sultan of Turkey was built at Chittagong. Also in 1805, the British Navy built ships at Chittagong for the famous battle of Trafalgar. However, with the passage of time, the glory of shipbuilding in this region began to fade. Shipbuilding revived again when a number of local entrepreneurs of Bangladesh brought name and fame for the country by developing potential in shipbuilding by handing over some ocean-going vessels to overseas buyers from Denmark, Finland and Mozambique. Bangladeshi shipbuilders have also handed over few ice-class vessels to a German company and more vessels are going to be delivered by the next few years. Thus shipbuilding in Bangladesh is marching forward in a way to securing a firm position in the world market and at the same time, the country...
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...Prospects of shipbuilding industry in Bangladesh Admin by Dr NM Golam Zakaria The rich history of shipbuilding in Bangladesh dates back to a long ago. Due to congenial geographical location of this part of sub-continent, people living here used to craft wooden boat for commuting and transporting goods. They also nurtured their heritage of craftsmanship in boat building over many centuries and transferred this artistic skill to subsequent generations across different cluster of population. Historical records say that Chittagong port was the best centre of building ocean-going vessels in the middle of the 15th century. Even in the 17th century, the entire fleet of ships of the Sultan of Turkey was built at Chittagong. Also in 1805, the British Navy built ships at Chittagong for the famous battle of Trafalgar. However, with the passage of time, the glory of shipbuilding in this region began to fade. Shipbuilding revived again when a number of local entrepreneurs of Bangladesh brought name and fame for the country by developing potential in shipbuilding by handing over some ocean-going vessels to overseas buyers from Denmark, Finland and Mozambique. Bangladeshi shipbuilders have also handed over few ice-class vessels to a German company and more vessels are going to be delivered by the next few years. Thus shipbuilding in Bangladesh is marching forward in a way to securing a firm position in the world market and at the same time, the country is returning slowly to its past tradition...
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...Business Opportunity of Ship Breaking From Malaysia Submitted to Dr. Syed Ferhat Anwar Course Instructor International Business Environment (L301) Submitted by Group Eleven Ahamed Najeeb Rahman Tasnia Azim Choudhury Saifur Rahman Zahin Azad Moslem Abdullah Ar Rafee Section B BBA 20th Batch ZR74 RH76 ZR89 ZR121 ZR127 Institute of Business Administration University of Dhaka, Dhaka December 23, 2014 i December 23, 2014 Dr. Syed Ferhat Anwar Professor Institute of Business Administration University of Dhaka Dear Sir: Subject: Submission of Business Opportunity Strategy Paper It is an honor to submit a well-structured and comprehensive paper on “Business Opportunity of Ship Breaking from Malaysia” in due time. We have tried to follow your guidelines in every aspect of preparing this paper. Concentrating on the most relevant and logical areas to make the model coherent as well as feasible, has been key priority. We hope the Business Opportunity Strategy Paper charms your kind appreciation. Sincerely, Group 11 Ahamed Najeeb Rahman Tasnia Azim Choudhury Saifur Rahman Zahin Azad Moslem Abdullah Ar Rafee Section B, BBA 20th Batch IBA, University of Dhaka ZR74 RH76 ZR89 ZR121 ZR127 ii Table of Contents 1.0 Background ..................................................................................................................................... 1 2.0 Bangladesh: Country Overview .............................................................................
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...to 14th March | Info gathered from both sources. | Analysis of Industrial Environment | Secondary | SEC publications, industry competitive analysis, business journal, industrial publications etc. | Ms. Shanila& Ms. Sinthia | 3 | Company’s database access, Technological support, analyzing tools. | TK. 70,000 | 15th Feb to 14th March | | Analysis of Internal Environment | Secondary | Company profile, minutes of meetings, financial statement etc. | Mr. Muhib | 2 | Factory inspection, company’s database access, analyzing tools. | TK. 50,000 | 15th March to 31st March | | Describing 1. General OT 2. Industry OT 3. Internal SW | Secondary | Findings from external & internal environment analysis | Ms. Tahmina | 1 | Technical support, fact finding tools. | TK. 20,000 | 1st April to 14th April | Describe the findings of previous steps | Strategic Conclusion | This work plan will be taken as cornerstone of SWOT analysis of BSRM Steels Ltd. The objective of this action plan is to make a guideline for SWOT analysis, which will reveal the company’s competitive position. This project will take 2 months due to having large business span in steel industry of BSRM Steels Ltd. and submit it on 15th April. | Company Profile Established in 1952 as East Bengal Steel Re-rolling Mills Limited, which came to be known as Bangladesh...
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...loss among many who are exposed to the risk of similar misfortunes. The process insurance has been evolved to safeguard the interests of people from uncertainty by providing certainty of payment at a given contingency. The insurance principle comes to be more and more used and useful in modern affairs. Not only does it serve the loss/damage of any losses it also provide financial benefits to the individual for death or at the end of a time period. 1.2 Background of the study This report has been prepared as requirement of the Insurance and Risk Management course. The study of the report was based upon the overall insurance company’s problem and prospects in Bangladesh. We, THE WHIZKIDS group, were duly approved by our course teacher Kazi Raihan Uddin sir. This study will help us to identify the insurance business problem and prospects. 1.3Literature Review Uninsured risk leaves poor households vulnerable to serious or even catastrophic losses from negative shocks. It also forces them to undertake costly strategies to manage their incomes and assets in the face of risk, lowering mean incomes earned. Welfare costs due to shocks and foregone profitable opportunities have been found to be substantial, contributing to persistent poverty. Insurance has the potential to reduce these welfare costs. By offering a payout when an insured loss occurs, it avoids other costly ways of coping with the shock leaving future income earning opportunities intact. Furthermore, the security linked...
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...Executive Summary The thesis investigates the performance of problems and opportunities of Direct Foreign Investment in Bangladesh. It also identifies the overall direct foreign investment system in Bangladesh. Problems and opportunities of direct investment in Bangladesh follow the rules and regulation prescribed by the investment forum for schedule countries on companies. The functions of the country or company cover a wide range of investment and functional activities to individual, firms, corporate bodies and other multinational agencies. It is very important to the national economy as a whole because the expansion and condition of the company or firm affect the level of business activity through their effect on the nation’s money supply. The direct foreign investment extended its credit facilities to different sectors to diversify its credit portfolio in compliance with credit policies of direct investment of the foreign country such as Industrial, Housing, Contract work, Working capital for trades, manufacturing processing plants and export oriented industries and other business. Introduction This Century is” Century of Globalization of trade and economy”. The world is facing competition in marketing of the products in global market. In this circumstance the companies goes to investment, those has available capital to invest out side the country where they can get competitive advantages in terms of cost, Expansion of market, Raw materials. The countries have available work...
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...Economic Development of Bangladesh Economy of Bangladesh Economic Position in World: The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the International Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. Growth rate and Economic Sectors: The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, RMGs. Remittances from Bangladeshis working overseas, mainly in the Middle East, is the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earnings. Ship building and cane cultivation have become a major force of growth. GDP's rapid growth due to sound financial control and regulations have also contributed to its growth; however, foreign direct investment is yet to rise significantly. Bangladesh has made major strides in its human development index. The land is devoted mainly to...
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...Report On “News Paper Article of Business Environment of Bangladesh” Submitted To: Dr. Akbar Ali Khan Professor Environment & Business (Bus 503-1) MBA programme BRAC Business School BRAC University Submitted By: Anika Zaber (13164108) Sharmila Gupta (13164121) Joynub Sultana (11164034) Shabnam Alam (13364086) Date of Submission: 29 July2013 Letter of Transmittal 29 July 2013 Dr. Akbar Ali Khan Professor Environment & Business MBA Programme BRAC University Subject: Submission of report on news paper article Dear Sir We have prepared a Group Report on “Newspaper article of Business Environment of Bangladesh” which we are submitting along with this letter. It was a delightful experience and preparing this report further enhanced my insight about how to prepare a report. We are confident that this report will help you to understand the reason about our selection of the articles. We have tried our best to follow your guidelines in preparing this report. We have presented what we believe to be most important information to make our report as specific & coherent as possible. We hope that this report will fulfill your requirements. Thank you for your kind consideration and guidance. We hope our effort would satisfy you. Sincerely yours Anika Zaber (13164108)...
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...Role of SMEs Export Growth in Bangladesh Md Shafiqur Rahman Senior Research Officer, Federation of Bangladesh Chambers of Commerce and Industry Abstract: Small and medium enterprises (SMEs) occupy unique position in most of the countries especially in a developing country. They are a primary target for many countries desiring to stimulate economic growth and development. The SMEs sub-sector plays an increasingly dominant role in the technology assimilation and dissemination and in economic development in Bangladesh as well. The emphasis being put on the SMEs has increased greatly now that the time is coming nearer that Bangladesh will have to document its status of implementing actions to achieve the Millennium Development Goals (MDGs) such as eradication of extreme poverty, sustainable industrial development and developing a global partnership for business competitiveness etc.. This paper attempts to render the fundamental concepts of right choice of export development strategy, and the level and process of problems in SMEs sub-sector. It explores the mode, mechanism and management of export growth for SMEs. 1.0 Introduction In Bangladesh, SMEs playing a significant role for the development of our economy by creating employment opportunity and producing important alternative machines and machinery parts for saving huge foreign currency for our country. So as a part of our development strategy, we should intensify our efforts to develop this sector to grow industrial base...
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