Possibility of $50b ship exports

http://www.theindependentbd.com/business/finance/73259-possibility-of-50b-ship-exports.html

Possibility of $50b ship exports
Author / Source : STAFF REPORTER

DHAKA, OCT 1: Bangladeshi shipbuilders  could explore a market worth nearly  US$ 50 billion  globally, provided  the government take  necessary steps  to upgrade  the country’s  shipbuilding yards  as per  international standards and environmental compliances,  builders and experts told a  seminar in the city  on Saturday. They pointed to the current market situation that ship builders in different countries are only able to supply about 75 per cent of the global vessel market worth about US$ 200 billions. Also, they observed that Bangladesh has a great potential to utilise the gap between demand and supply as a newcomer in the ship export business.

‘The government needs to support the sector and consider it as a thrust sector. Shipbuilding yards in Chittagong, Narayanganj, Munshiganj, Mongla and Patuakhali should be developed meeting the requirements of international standards and compliances, said Badiuzzaman Badal, senior vice-president of Bangladesh Inland Waterways Association.

Developing shipyard zones could also help the builders of smaller ships, meant for inland transportation, Badal noted.

Engineer Abdur Rahim, former professor of BUET and a naval architect, said, ‘The country faces no dearth of professionals and the workforce needed for the establishment of a vibrant shipbuilding industry.’

‘As ship building is a very technical matter, the government should also give more importance to consulting experts, rather than solely relying on the bureaucracy in this context. Remember, capturing the global market of ships now depends on quick actions’, Engr Rahim added.

M Inamul Haque, former director general of Bangladesh Water Development Board, said, “We must be very careful not to forget about the environmental concerns, relating to the ship building and ship breaking industries.

The government must also ensure that measures of environmental protection were taken from the very beginning of this growing industry,” he cautioned.

Conducted by Ashish Kumar Dey, chief editor of Ptbnews.com, the seminar was also addressed among others by Syed Md. Monzur Hossain, managing director of TK Shipyard Ltd and Aminur Rasul Babul, member secretary of the Safe River Route Implementation Movement.

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