![]() The global market for small ocean-faring vessels is expected to grow to $400 billion by 2026. Bangladeshi shipbuilding is the upcoming player in global market, and competitive enough for the smaller vessel segment benefiting from relatively cost competitive engineers and workers. The local shipyards have so far exported more than 40 ships to different countries in Europe, Africa, Asia and earned millions. Observers believe that this is a sector which has all the potential to flourish. ‘Made in Bangladesh’ ships have a huge potential in India, Pakistan, Saudi Arabia, UAE, Norway, Sweden, Denmark, Finland, Italy, Germany and some African countries.īangladesh will have a “golden period” within few years in the ship-building sector with both the government and private sector investors keen on exploring new opportunities. Bangladeshi ships are being exported to around 12 countries in Asia, Africa and Europe. Due to improvements of ship building industry in Bangladesh, the country has became a ship-exporting country in 2008 when orders for multi-purpose carriers began to come largely from European countries such as the Netherlands and Germany. Textiles and ready-made garments have traditionally constituted the bulk of its exports. Historically Bangladesh is a country with a very limited range of export products. Currently, there are around 100 yards at various across the country that are building and repairing almost all kinds of inland and coastal vessels. After 1971 liberation war, Bangladesh got its first exposure to the international shipbuilding market in 1979. The British navy used ships built in Bengal in the Battle of Trafalgar in 1805. During the 17th century, the shipyards of Chittagong and Sandwip used to build warships for the Sultan of Turkey. The volume of shipbuilding swelled extensively during the Mughal period. The famous Moroccan traveler Ibn Batuta of 14th century said that there used to be large fleets of warships docked in various ports of the country. A medieval European traveler Caesar Frederick documented that the port city of Chittagong and Sandwip were manufacturing hubs of large ships during the mid 15th century. Due to the riverine geography of Bangladesh, ships have been playing a major role in the trade affairs of the people of Bangladesh since the ancient times. Tailor-made training opportunity for shipbuilding is also available under the cooperation between the government and industry association.īangladesh has a long history of shipbuilding dating back to the early modern era. Bangladesh has competitively-priced skilled engineers and semi-skilled workers. All types of inland and coastal vessels are being built in Bangladeshi shipyards. With an increasing number of orders from both local and global buyers, the shipbuilding industry in Bangladesh is flourishing rapidly, contributing to diversification of the country’s export basket and generating employment opportunities. The nature of Bangladesh as a waterway-rich country enabled it to have strong technical knowledge about shipbuilding in the domestic market which translated well internationally. Bangladesh has now over 200 shipbuilding companies across the country, mostly concentrated in Dhaka, Chittagong, Narayanganj, Barisal and Khulna regions. ![]() The ship building industry in Bangladesh has become a major promising industry in recent years when the locally made ships began to be exported. Shipbuilding is one of the fastest growing industries in Bangladesh with great potentials.
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