Abstract
We are living in a competitive world. To develop economic condition of any country, industrial sector plays a major role. There are so many industries in our country in our country. Among these sector ship building is an important activity in context of Bangladesh. Ship building industries have been located along the coastal belt and riverbanks of Bangladesh. Ship building industry generates large amount of revenues for the country. The sea borne cargo growth is increasing 6-8% per year and demand of new ship building is increasing at the rate of 3-4% per year. Considering the world market and internal market, it is assumed that Bangladesh has a bright future to elevate herself as a ship building nations in the world market and surely that factor should encourage more Bangladeshi entrepreneurs to come forward in this business. Experts say more than 55% of the world`s ship are more than 20 years old and need replacing. Globally, this small and medium sized ship market is worth around $400 billion. If Bangladesh can get 1% of this market, then it amounts to $4 billion. Our research deals with the last few condition of ship building industry in Bangladesh. We also discuss about the condition of worker and environmental pollution & underlying problems of shipbuilding in Bangladesh. Finally, we formulating some suggestion which can be taken by the government and the private sector to improve the condition of ship building industry and creating demand for our ships in the world market.
Highlights
Bangladesh is a small and densely populated country with an area of about 147,610 square kilometers. It has a long coastal belt of about 710km which is enriched with natural resources specially fish and other aquatic species of different varieties. It has another promising opportunity with the shipping industry which includes ship building and ship recycling industries
To formulate some suggestion which can be taken by the government and the private sector to improve the condition of ship building industry and creating demand for our ships in the world market
Following countries are playing a major role in the ship building industry at present
Summary
The first known vessels date back to the, about 10,000years ago, but could not be described as ships. Affixed to the top of a pole set upright in a boat, these sails gave early ships range. This allowed man to explore widely, allowing for the settlement for Oceania for example (about 3000 years ago). Only over a period of 40 years after independence, Bangladesh has developed a large fleet of about 20,000 vessels comprised of inland & coastal commercial vessels, and various types of working and fishing craft. Shipbuilding reviewed again when a number of local entrepreneurs of Bangladesh brought name and fame for the country by developing potential in shipbuilding by handing over some ocean- going vessels to overseas buyers from Denmark, Finland and Mozambique. Some local leading shipyards like Ananda and western Marine are engaged in building over 40 small to medium category vessels worth about 0.6 billion US dollar, mainly for European buyers [2]
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