Barisal emerging as a shipbuilding zone

http://www.thefinancialexpress-bd.com/more.php?news_id=124567&date=2011-02-01
Barisal emerging as a shipbuilding zone

Barisal Division. Source: http://en.wikipedia.org/wiki/Barisal_Division

A Correspondent
BARISAL, Jan 31: Barisal is going to emerge as a shipbuilding zone which is already been enriched with at least 10 shipyards.
Meanwhile, these shipyards are capable of floating a good number of passenger vessels and cargo ships that ply through different domestic water routes and in coastal areas with capacities up to 2500 tonnes and also several lighters which are engaged in Chittagong and Mongla Port.
It is becoming evident that some owners of the passenger vessels of south Bengal including Barisal are now showing interest in cargo ship and lighter business.
Crescent Shipping Lines built two lighters which are now engaged in unloading freight at Chittagong wharf. On the other hand, the shipyard situated at Dapdapia built several cargo ships.
Golam Mawla, Owner of Crescent Navigation, pointed out that Barisal region had been having a heritage of shipbuilding from ancient period.
“Most of the large double-and triple-decker luxury passenger carrying water vessels now plying on major river routes of the country were built here maintaining international standards,” Mawla said.
Before liberation, Azahar Uddin, owner of a Bhola launch company, set up a dockyard on the bank of Shaheber Hat Channel to repair small launches.
After liberation, Golam Mawla, the pioneer navigation investor, founded a small dockyard there but in the course of time that dockyard is now quite capable of building massive passenger vessels like ‘the Surovi-7′, a modern luxurious ship’.
Prime Shipping Lines, an associate of Sundarban Navigation Company, has built the biggest cargo ship of Barisal.
Another lighter ‘Sundarban-4′ of 182 feet long and 32 feet wide with15 feet loaded draft and a capacity of 1300 tonnes, equipped with two Chinese engines of 300 HP (horse power) has been rendering its service well. To accomplish “Sundarban-4″ the craftsmen took about one year.
The biggest and most modern and luxurious passenger carrying vessel ‘Sundarban-7′ also slides down to its waterway from this shipyard.
Kawsar Hossain, Deputy Director. Environment Bureau, Barisal and Linkon Bain, Resource Officer, Bangladesh Environment Lawyers’ Association, Barisal Division, opined that shipyard establishment in Chittagong caused deforestation there which was harmful to the environment but to establish shipyard in vast sands area on the bank of the Kirtonkhola river will not do that.
Md Shamsul Haq, Senior Program Officer, The Asia Foundation, a non-government orgaisation that has been working on the development of business and investment, said that the government is going to make a policy on shipbuilding industry.
“For the development of Barisal shipyard, dredging and sanctioning long term loan have to be included therein”, said he.
At the same time necessary attempts should be made to attract foreign investors.
Saidur Rahaman Rintu, Senior Vice-President of the Barisal Chamber of Commerce and Industries as well as Secretary of District Business Forum, Barisal, said that the shipyards situated at Dapdapia and Beltala on the bank of Kirtonkhola had built launches and coastal ships and seven more cargo ships with capacities of 1500-2500 tonnes are under construction there. Three of them are about to be completed.
About 350 workers are engaged in different shipyards in Barisal.
As Barisal is a riverine district, it is much more convenient to carry raw materials to Barisal by river.
So shipbuilding industries in Barisal hold a bright prospect to notably contribute to the national economy as the Garments Industries.

BD set to become a large ship-owning country

Jasim Uddin Haroon

BD set to become a large ship-owning country

Bangladesh is now heading to become a big merchant ship-owning nation, which has already surpassed the number of these types of ships owned by Pakistan, Sri Lanka and Myanmar, officials and persons familiar to the trade told the FE.

They also said the number of ocean-going vessels has increased following favourable taxation policy and funding by local banks.

The local people have bought a record 12 vessels in 2010 alone. Bangladesh traders also bought 10 vessels in 2009, according to official statistics of Mercantile Marine Department.

Bangladeshi traders have so far purchased 65 vessels spending more than 1.0 billion US dollars, according to Bangladesh Ocean-going Ship Owners Association (BOSOA).

But traders and shipping companies registered 47 vessels in the country and the remaining 18 were listed in other countries.

Ship-owning companies have to register with the department concerned under Merchant Shipping Ordinance 1983.

Neighbouring India owns more than 300 vessels, while Pakistan, Sri Lanka and Myanmar on an average 22-25.

The department said local commodity conglomerate Abul Khair bought a ship, so far the largest in size, named MV Amsir worth 68000 tonnes (dead weight tonnes).

Brave Royal Shipping Management, a Chittagong-based company, tops the list with the highest number of vessels -- eight.

The company's MV Jahan Moni, hijacked during the first week of December last year with 25 crew by Somali pirates, is yet to be rescued.

Habibur Rahman, principal officer of Mercantile Marine Department, said: "The number of vessels increased significantly following government policy support."

He also said local traders bought 22 vessels in the last two years, more than 35 per cent.

The government waived import and value added tax on purchase of ships in its budget placed for 2009-10.

Local banks like AB Bank, One Bank and Prime Bank have come up with funding purchase of vessels, mostly bulk carriers.

There is no scope for price manipulation while purchasing ships as its prices are controlled by international brokerage houses mainly in Singapore and London.

Shah Alam, chairman of Continental Liner Agencies, said: "We're specialised in the trade and we have huge potential to become a leading ship- owning country in the world."

Mr Shah Alam, who owns 6 vessels said: "Many commodity market players are also in the race to purchase ships to minimise their import cost and make their products competitive."

Apart from Abul Khair, Akiz Group (Akiz Wave, 46640 tonnes) and sugar refinery Deshbandhu Group (Golam-e-Mustafa, 16210 tonnes) had also purchased ships in 2010.

Shah Alam, BOSOA vice president, however, said Bangladesh now pays around 6.0 billion US dollars each year as freight cost, for carrying goods to and from Bangladesh.

Bangladeshi ships now carry less than 10 per cent of its export-import goods, BOSOA statistics said.

"We urge the government to make relaxation of the ships' age bar," he added.

Local traders are now allowed to purchase ships, which are at best 25 years old.

However, sources at the Ministry of Shipping said they are planning to extend ships' ages up to 30 from the existing 25 years, set in 2004.

Shipbuilding zone, maritime university on cards

http://www.thedailystar.net/newDesign/news-details.php?nid=170873
Shipbuilding zone, maritime university on cards
Bss, Dhaka
The government plans to set up a separate shipbuilding industrial zone to help the potential industry flourish.
“The government has also decided to establish a maritime university, first of its kind in the country, to build skilled manpower suitable for the industry,” Shipping Minister Shajahan Khan said to the news agency yesterday.
A coastal area under Kalaroa upazila in Patuakhali district has been selected initially for the proposed zone, he said. “We are also considering building a seaport in the same area.”
The maritime university will be established on 40 acres in Chittagong Marine Academy, Khan said. “The proposal for setting up the university will be finalised at an inter-ministerial meeting Sunday.”
Six more marine academies will be set up in Narayanganj, Barisal, Sylhet, Pabna, Rangpur and Chittagong division, the minister added.
The government has taken steps to meet the sector’s global demand to regain its past glory, Khan said.
Bangladesh is now a member of the second grade governing body of IMO (International Maritime Organisation), he said. “Of 118 countries, 10 are the first grade members and another 10 belong to the second grade.”
The IMO Secretary General Efthimios E Mitropoulos, who visited Bangladesh recently, asked for setting up a separate shipbuilding industrial zone after taking a close look at the industry, Khan said.
“During the visit, the IMO official expressed satisfaction at the silent revolution that took place in Bangladesh’s shipbuilding industry and gave assurances of providing cooperation to this end.”
Bangladesh earned $18.2 million in the last six months from ship exports, $5.63 million up from the target, said Shipping Secretary Abdul Mannan Hawlader.
“The country fetched $0.89 million more in July-December 2010 period over the same time of 2009, and the period bears a fabulous growth rate of 1,924.72 percent.”
“The Chittagong Marine Academy now provides two-year cadetship. With the new university, the two-year course will be turned into an eight-year course to create world standard marine engineers in nautical, marine laws, port management and shipbuilding management,” said Commandant of Chittagong Marine Academy Sajid Hossain.

Shipbuilding industry eyes $100m earning this year

http://newagebd.com/newspaper1/business/5027.html
Shipbuilding industry eyes $100m earning this year

A file photo shows a ship, built by a local shipbuilder for a Danish buyer, anchored at the Chittagong port dry dock recently. — New Age photo

Kazi Azizul Islam
Bangladeshi shipbuilders are eying at least $100 million dollar proceeds from their overseas deliveries this year which will be a milestone in their efforts to build a billion-dollar ship export industry within the next few years.
Local shipbuilders are also developing their capacity to make larger and superior world-class vessels while international marine equipment suppliers have started entering the Bangladesh market.
In last two years, Bangladesh delivered three ships to Danish and German importers that fetched around $40 million in proceeds.
Officials of the Western Marine and Ananda Shipyards told New Age that they have schedules to deliver at least 10 ships to foreign buyers this year.
‘Six ships made in our docks will be delivered to foreign buyers this year and at least $60 million proceeds will be added to the country’s export revenue,’ said Saiful Islam, Managing Director of Western Marine Shipyards.
Abdullahel Bari, chairman of Ananda Shipyards, a pioneer in ship exporting, said they expected four deliveries this year.
‘The deliveries are expected fetch $50 million in export earning for the country,’ said Bari.
He said they had recently installed a 100-tonne plus capacity gantry crane at their shipyard, the largest in the county.
‘Installation of the gantry crane is a significant technological advancement for the country’s shipbuilding industry,’ he said.
Western Marine’s Saiful said at present they are making ships up to 5,600-tonne capacity, but they are at the final stage of  negotiations with a European buyer for building a 7,500-tonne multi-purpose cargo vessel.
Saiful said they had acquired a 50-acre-plus river-shore land near Chittagong port for setting up a new dock which will make 15,000-tonne capacity vessels.
‘By mid-2013 we will start making ships with 15,000-tonne capacity or more,’ he said.
Industry observers said at least three more private owned shipyards have already renovated their units to build export-oriented ships, complying international industry standards.
One or two of them may start operation this year as they are in advanced stage of negotiation with foreign buyers.
Niladri Shekhar Talukder, in-charge, planning and design of Desh Shipbuilding at Chittagong told New Age that some shipbuilders are also negotiating with foreign buyers for supplying small passenger and multi-purpose ships and ferries.
Desh, which specializes in lighter but speedier aluminum ships, is in negotiation with buyers from Australia and UAE.
‘Aluminum ships are very convenient for commuting fast from one island to another, so such specialty ships have great demand in countries having many islands,’ said Niladri.
Bob Lo, business development director of Singapore-based marine equipment distributor, Aerotec, distributor of Korea’s Hyundai Corporation, told New Age that global marine equipment suppliers are now evaluating Bangladesh’s shipbuilding industry very seriously.
While attending an industrial and marine equipment exhibition at Hotel Sheraton on Wednesday, Bob informed that Hyundai, a major shipbuilder of the world and ship equipment manufacturer, has recently entered Bangladesh’s fast growing market of marine and shipbuilding equipments.
‘Global suppliers are foreseeing that shipbuilding industry in Bangladesh has got a momentum and it will grow and grow further,’ he said.

Shipbuilding industry eyes $100m earning this year

http://newagebd.com/newspaper1/business/5027.html
Shipbuilding industry eyes $100m earning this year

A file photo shows a ship, built by a local shipbuilder for a Danish buyer, anchored at the Chittagong port dry dock recently. — New Age photo

Kazi Azizul Islam
Bangladeshi shipbuilders are eying at least $100 million dollar proceeds from their overseas deliveries this year which will be a milestone in their efforts to build a billion-dollar ship export industry within the next few years.
Local shipbuilders are also developing their capacity to make larger and superior world-class vessels while international marine equipment suppliers have started entering the Bangladesh market.
In last two years, Bangladesh delivered three ships to Danish and German importers that fetched around $40 million in proceeds.
Officials of the Western Marine and Ananda Shipyards told New Age that they have schedules to deliver at least 10 ships to foreign buyers this year.
‘Six ships made in our docks will be delivered to foreign buyers this year and at least $60 million proceeds will be added to the country’s export revenue,’ said Saiful Islam, Managing Director of Western Marine Shipyards.
Abdullahel Bari, chairman of Ananda Shipyards, a pioneer in ship exporting, said they expected four deliveries this year.
‘The deliveries are expected fetch $50 million in export earning for the country,’ said Bari.
He said they had recently installed a 100-tonne plus capacity gantry crane at their shipyard, the largest in the county.
‘Installation of the gantry crane is a significant technological advancement for the country’s shipbuilding industry,’ he said.
Western Marine’s Saiful said at present they are making ships up to 5,600-tonne capacity, but they are at the final stage of  negotiations with a European buyer for building a 7,500-tonne multi-purpose cargo vessel.
Saiful said they had acquired a 50-acre-plus river-shore land near Chittagong port for setting up a new dock which will make 15,000-tonne capacity vessels.
‘By mid-2013 we will start making ships with 15,000-tonne capacity or more,’ he said.
Industry observers said at least three more private owned shipyards have already renovated their units to build export-oriented ships, complying international industry standards.
One or two of them may start operation this year as they are in advanced stage of negotiation with foreign buyers.
Niladri Shekhar Talukder, in-charge, planning and design of Desh Shipbuilding at Chittagong told New Age that some shipbuilders are also negotiating with foreign buyers for supplying small passenger and multi-purpose ships and ferries.
Desh, which specializes in lighter but speedier aluminum ships, is in negotiation with buyers from Australia and UAE.
‘Aluminum ships are very convenient for commuting fast from one island to another, so such specialty ships have great demand in countries having many islands,’ said Niladri.
Bob Lo, business development director of Singapore-based marine equipment distributor, Aerotec, distributor of Korea’s Hyundai Corporation, told New Age that global marine equipment suppliers are now evaluating Bangladesh’s shipbuilding industry very seriously.
While attending an industrial and marine equipment exhibition at Hotel Sheraton on Wednesday, Bob informed that Hyundai, a major shipbuilder of the world and ship equipment manufacturer, has recently entered Bangladesh’s fast growing market of marine and shipbuilding equipments.
‘Global suppliers are foreseeing that shipbuilding industry in Bangladesh has got a momentum and it will grow and grow further,’ he said.

Shipbuilders for backward linkage industries

http://www.bssnews.net/newsDetails.php?cat=0&id=154792&date=2011-01-11
Shipbuilders for backward linkage industries
DHAKA, Jan 11 (BSS) – Local shipbuilders have suggested setting up of more backward linkage units to help them adding more value to the country’s growing shipbuilding sector for increasing its competitiveness in the global market.
Presently, around 90 percent of the machinery, parts and other tools are imported for shipbuilding, said a group of local shipbuilders participating in an international exhibition on Maritime Technology, Shipbuilding and Renewable Energy began at a local hotel today.
They expressed satisfaction at the growth of shipbuilding industry and said Bangladesh has emerged as a shipbuilding nation from a ship-breaking one.
Industries Minister Dilip Barua opened the three-day exhibition while Chairman of Western Marine Shipyard M Saiful Islam and chairman of Highspeed Shipyard KM Mahmud-ur-Rahman focused on the shipbuilding growth and it’s future prospects.
Denmark ambassador Svend Olling, Chinese ambassador Zhang Xianyi and Indonesian ambassador Zet Mirzal Zainuddin, Vice- Chairman of Export Promotion Bureau (EPB) Jalal Ahmed, Shipping Secretary Abdul Mannan Howlader, Chief Executive Officer of Infrastructure Development Company Limited (IDCOL) Islam Sharif were among others who spoke on the occasion.
Dilip Barua said it took 25 years to earn 10 billion US dollars by the Readymade Garments (RMG) sector. He expressed the hope that the shipbuilding sector can do the same in around 10 years.
Saiful Islam, President of Bangladesh-German Chamber of Commerce and Industry (BGCCI). said despite limitations like power shortage and inadequate infrastructure facility , country witnessed 41 percent growth in export earning in the last 10 months of the current fiscal.
Mahmud-ur-Rahman, who chaired the function, said the country must increase shipbuilding facilities to exploit the growing opportunity of ship export as the western economies are now focusing more on South Asian countries for cheaper labour cost.
“Proper strategies and short and long term policies would expand the facility to build ships of higher tonnage, said Rahman.
In early 70s Denmark sent war-torn Bangladesh a ferry boat to help improve its river communication system and recently the Scandinavian country bought an ocean going ship from Bangladeshi said Svend Olling.
Zhang Xianyi lauded Bangladesh’s business community for their initiatives and said Bangladesh’s export to China is on the rise.
“Indonesia can be a prospective market for ships built in Bangladesh, Mirzal Zainuddin.

4 new country-made sea trucks on coastal routes

http://www.thefinancialexpress-bd.com/more.php?news_id=122325&date=2011-01-09
4 new country-made sea trucks on coastal routes
BARISAL, Jan 8 (BSS): Bangladesh Inland Water Transport Corporation (BIWTC)has placed four new sea trucks built locally on coastal routes in this month.
Of the four sea trucks ST Shaheed Abdur Rab Serniabad will ply on Hatiya-Charbata, ST Bhasha Shaheed Sala on Char Alexander- Mirzakalu, ST Bhasha Shaheed Jabbar on Teknaf-Saint Martin Routes. The fourth one ST Shaheed Sheikh Fazlul Haq Moni would be kept standby at Chittagong port. With these four new vessels total number of sea trucks in the BIWTC fleet reached 13.
BIWTC sources said the organisation in 2006 planned to include four new sea trucks in its fleet for plying on the risky coastal routes. It chose a Bangladeshi shipyard for building the sea trucks. The vessels were handed over to the BIWTC authority in December last year. The cost involved in building the sea trucks is Tk. 15 million, sources said.
The BIWTC now in it fleet has eight locally built sea trucks, four china made trucks and one old trucks.
Assistant general manager of BIWTC Barisal station, Gopal Chandra Majumdar, said four sea trucks have been built at a Chittagong dockyard at total cost of Tk.15million.
Every newly built sea truck is 101 feet long and 20 feet wide and has the capacity to carry 200 passengers and ten tonnes of goods. The vessels can run at the speed of 10 nautical miles.
The newly built sea trucks could run smoothly for 20 years under proper maintenance. The builder has ensured one-year warranty for each vessel, BIWTC sources said.

Local shipbuilder to deliver two vessels to German co

Western Marine creates history

Pankaj Dastider and Jasim Uddin Haroon

CHITTAGONG, Nov 20: Western Marine Shipyard, a leading shipbuilder of Bangladesh has created a milestone in the country’s shipping industry by successfully launching the largest and longest marine vessels in Bangladesh.

The company is going to deliver the ice class multipurpose vessels of 5200 DWT each – EMS SEA and EMS RIVER – to the German owner Ms Grona Shipping GmbH formally from Chittagong Dry Dock on November 26 next.

Each of the ships has been built at the cost of Tk 1800 million under a contract signed for building as many as 12 ships for the same German company. The company will make complete delivery of all the 12 ships within 2012 as per contract signed in 2008.

Industries Minister Dilip Barua will attend the vessels’ delivery and reception ceremony of the two vessels as chief guest while Martin Biesel, state secretary of the federal foreign office of FRG and Holger Michael, ambassador of Germany in Bangladesh, will be present as special guests.

Each ship is multipurpose dry cargo equipped for carriage of containers having strength for heavy cargo with overall length of 99.53 metres and draught load 9.00 metre and the container capacity is 108 TEUs in the hold and 88 TEUs in the hatches.

Gross tonnage of each of these Antigua flag vessels is 3500 MT and net tonnage is 1382 MT. The export price of each of the vessels is 8.0 million euros (US$11 million).

WMS officials said sea trial of the ships was accomplished by the engineers of the vessels’ German buyer Grona Shipping on November 15 in the sea waters of Bangladesh.

The 40-men strong special team headed by owner of the company came to Chittagong from Germany and joined the day-night sea trial. They made the voyage with the ships at 9.00 am from Chittagong and returned at 9.00 pm at 12 nautical miles an hour in the deep waters of Kutubdia.

The engineers and crew were fully satisfied at the performance of both the vessels after examining their machineries and speed capacity, they said.

WMS managing director Shakhawat Hossain said, the ships have been built with the world’s sophisticated machineries.

He said that it was a great achievement for Bangladesh that it is building 12 highly sophisticated ships for a German company. Building of eight more ships for the German company has been going on at the shipyard in Chittagong.

He said that they have successfully completed two ships now and expressed the hope that other countries would come forward with orders of building bigger ships for them.

Earlier in December 2008, the local ship building giant inked a deal to build 12 vessels for the company.

Sakhawat said, “These vessels are bridge controlled. Bridge controlled vessels are operated remotely having few people on the engine room. Those can also ply on the ice.”

Western Marine Shipyard Ltd was established in 2000. In 2008, the Chittagong-based company set up a Tk2.00 billion shipyard and slipways at Kolagaon on the bank of the river Karnaphuli with orders from European companies to build 18 ships at a price of US$180 million.

source:http://www.thefinancialexpress-bd.com/more.php?news_id=117929&date=2010-11-21

Construction of netloft making factory begins

Construction of netloft making factory begins
A Z M Anas

Chittagong, Apr 12: The country’s move toward modernising its deep-water fishing got a boost after a Bangladeshi company tied up with its Danish counterpart to manufacture advanced fishing equipment here.

Sea Resources Ltd (SRL) of Bangladesh and Cosmos Trawl Ltd of Denmark have started building a state-of-the-art netloft making factory in the port city of Chittagong to make sure the catch of fish resources abundant in the Bay of Bengal is more efficient without harming future stock.

“The joint venture is an example … how the private sector can show the new way of doing business,” Danish development minister Soren Pind said today while inaugurating the construction of factory premises on the bank of the Karnaphuli.

The latest effort came as outdated and inefficient methods and equipment handicapped Bangladesh’s deep-water fishing for decades, resulting in lower fish catch and low profitability among local fisheries companies.

The minister said the Danish technology and know-how would play a critical role in helping Bangladesh change the way fishing is done in Bangladesh.

Mr Pind, now on a trip to Bangladesh and is leading a 12-member Danish business team, said Danish investors are exploring the potential for investment in Bangladesh and is keen to capitlaise on what he called “competitive labour force.”

Over the years, he said, the Danish business engagement in Bangladesh has increased in many areas, from mere grants and loans support.

Mr Pind said a 21-member Danish business team came in November last to seek investment opportunities in shipbuilding and fisheries.

He said Bangladesh has “great potential” for growth and it has also been labelled as “one of the frontier five” by JP Morgan and among the seven hottest emerging markets by Investor Chronicle.

Chittagong city mayor ABM Mohiuddin Chowdhury and Ambassador of Denmark in Dhaka Einer H Jensen, chairman of SRL MA Rouf Choudhury and managing director of SRL-Cosmos Trawl Ltd Lars Jensen also spoke at the inaugural.

The joint venture is part of Denmark’s B2B programme, which has been operational since 2008 for the Bangladeshi fishing and shipbuilding industry.

source:http://www.thefinancialexpress-bd.com/more.php?news_id=97530&date=2010-04-13

Dutch ship breaker plans green facility

Dutch ship breaker plans green facility

ECONOMIC REPORTER

A Dutch-Bangladeshi joint venture has decided to build a ship breaking unit at Chittagong using environmentally friendly practices, with its investors saying they consider Bangladesh the best place to set it up after carrying out a study on the location. Doebren Mulder, one of the patent owners of the Greendock BV project, has already met the minister for Environment and Forests, industries minister, delegation of European Commission, ship breakers in Chittagong and some new potential investors in the technology on his recent visit, says a press release.

The project will cost 50 million Euro and take one year to begin its operations, Mulder said.

He added that the first Grenndock site to be set up in Bangladesh was much cheaper than the original Ecodock site in Europe.

Mulder said, “We just finished a study with all recent figures and statistics.

Our experts are working to prepare the final report to share its findings with different local and international
stakeholders.”

Greendock is headquartered in Groningen.

Mulder said the steel infrastructurefor each dismantling site is to be built locally in low-cost Asian countries.

The concept involves floating pre-cleaned panamax-size ships into a specially-built graving dock and onto a steel pontoon of around 20,000 cbf, which is then raised by pumping in air. Mulder said that ships could then be cut into 20 pieces, each of around 500 tones, which are then wheeled to a dismantling site for further cutting.

Greendock claimed its system could dismantle vessels in 15 days, as compared with five to eight months for ships that are beached.

The company said that dismantling in a closed environment would reduce environmental pollution.

Mulder said that the feedback from the group of Scandinavian investors has been positive.

The investors have agreed to pay around EURO 66 per ton for pre-cleaning and then a fee similar to that earned by brokers for the dismantling.

Greendock would also receive commission for finding a buyer of the steel, proceeds of which go the vessel owner.

Initially, interest in the concept came from China but the investors then examined sites in Bangladesh and Thailand.

In Bangladesh the company has been registered as a Joint Stock Company with the Ministry of Commerce and a joint venture partnership has been set up in the name of “GreenDock Bangladesh Limited”.

Having its set up in Chittagong, a dynamic well trained and equipped Greendock team is working to realize the project step by step, Qumrul Islam Chowdhury, resident director of Greendock Bangladesh Ltd in Chittagong said, “Greendock is aiming to develop a database of workers who are now jobless.

We are also developing a complete plan with the help of French and Dutch experts to put a new know how.”

source:http://www.theindependentbd.com/business/others/19334-dutch-ship-breaker-plans-green-facility.html