Abstract

One of the key driving factors of Human development has been our ability to traverse and conquer new ground. The Shipbuilding industry has played a significant role in this aspect by providing the aptest mode of transportation, our floating vessels, which has served us well throughout history and partaken in many revolutions. The materials for building such vessels have seen many variations and iterations stretching from Tree barks & wood to the modern use of Alloy and other synthetic materials. Many supplementary materials are also used nowadays for building a well-functioning vessel and the trade of these materials among various nations also plays a key part in moving its industry forward. The prices of these materials also see many variations, as many contributing factors allocate in their procurement and handling. But, the recent outbreak of the Corona virus pandemic has created many implications with the shipbuilding industry also being largely affected in many ways. In these trying times, Bangladesh has remained strong with a solid base and good initiatives could play a significant role in further enhancing this country’s shipbuilding industry. This paper tries to highlight the popular trends in the Shipbuilding market and plot a series of sustainable approaches which could ensure Bangladesh’s progress in the long run.

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