Bangladesh to export ships to Europe by 2011
Western Marine Shipyard Ltd. (WMSL), a local shipbuilding company, will export 12 ships, weighing 5,200 tonnes each, by 2011 to Germany, Holland and Denmark expecting to fetch about Taka 900 crore. Commerce and Education Adviser Dr Hossain Zillur Rahman inaugurated building of the 12 ice class ocean-going multipurpose vessels at the WMSL yard at Shikalbaha on the south bank of the river Karnaphuli in the district.
The adviser along with guests from home and abroad formally began the manufacturing in the “keel-laying ceremony” that symbolizes hitting hammer on iron-plate of the proposed structure of a ship to start the work.
Chairman of the WMSL M Saiful Islam presided over the inaugural function, also addressed by German Ambassador to Bangladesh Frank Meyke, Denmark Ambassador Bea M Ten Tusscher and Shipping Secretary ATM Mokter Hossain, Managing Director of AB Bank Ltd Kyser A Chowdhury and Managing Director of WMSL Sakhawat Hossain.
Dr Hossain Zillur termed the export of such a big number of ships as a milestone for the country’s shipbuilding sector and said it would definitely help Bangladesh find a secure place in global ship manufacturing market. He said the sector has enormous potentials and it would contribute to making Bangladesh a middle-income country soon.
“The sector has huge potential of contributing to the economy after garment sector and shipbuilding companies should not compromise with the quality in keeping the reputation in global export market,” he said. He said separate rules and regulations are needed for the shipbuilding sector.
The adviser said pledges of giving special attention by two major electoral alliances in their polls manifestos for the promotion of the sector is really encouraging. Dr Hossain Zillur asked the commercial banks to come forward in providing soft-term loans to the entrepreneurs in the sector.