Ship Repair

Shipbuilding in Bangladesh can be traced to the medieval era that underwent gradual expansion during the British colonial rule. At the start of the new millennium, Bangladesh already had a basic shipyard industry and availability of skilled workers. According to 'Bangladesh: Diagnostic Trade Integration Study' of the World Bank (2013), export of commercial ships from Bangladesh in modern times started in 2005. The exporters were Ananda Shipyards and Shipways Ltd. of Dhaka. Shipbuilding is primarily a capital intensive industry with labour playing an important role due to dependence on skilled and semi-skilled manpower. China, the Republic of Korea and Japan are currently the major global players because of cost cum price competitiveness. Cost-effective human resources, simplified import facilities for raw materials and duty free market accesses to potential markets have encouraged Bangladeshi entrepreneurs to come forward in the ship-building business. As the global demand is going up after a period of stagnation, this is the time for Bangladeshi entrepreneurs to prepare for meeting a surge in global cum local demand for small and medium-sized ships.

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