Western Marine to build ships for European buyer

http://www.thedailystar.net/newDesign/news-details.php?nid=210967

Western Marine to build ships for European buyer

Sakhawat Hossain, managing director of Western Marine Shipyard Ltd, and M Vedder, managing director of MK Shipping, exchange documents after signing a deal to build four ships for the Dutch company recently. Photo: Western Marine

Star Business Desk

Western Marine Shipyard has recently struck a deal with Netherlands-based MK Shipping BV to build four ships.

MK Shipping will later deliver the 5,200 deadweight tonnage MP vessels to a German company, Western Marine said in a statement yesterday.

The Bangladeshi shipbuilder expects to deliver the ships by March 2013, the statement added.

Sakhawat Hossain, managing director of Western Marine, and M Vedder, managing director of MK Shipping, inked the deal to build each of the vessels at 7.9 million Euro.

“This new contract with Europe has proven Western Marine’s quality in the international market of shipbuilding,” said Hossain.

Saiful Islam, chairman of Western Marine, said the agreement will further enrich the bilateral trade between Europe and Bangladesh.

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