Well as of January this year - (per the Honolulu Star Advertiser) the US Dept. of State still believed that.
""The United States plans to transfer a second Coast Guard cutter, the USCGC Rush, to join its sister ship in spring 2015,"
They're of course referring to sister ship 'USCGC Jarvis', re-named 'BNS Somudro Joy'.
and,
"Coast Guard Cutter Sherman Making its Way to Honolulu...for duty as a replacement for the similar cutter Rush, which is being retired and might head to Bangladesh."
Source:
Coast Guard Cutter Sherman Making its Way to Honolulu | Military.com
I think these ships are probably long-term training ships considering their age and minimal armament. In the overall BN strategy - these ships cannot be considered serious fighting arsenal. In the larger scheme of things they serve the same purpose as the PNS ships from the USN Oliver Hazard Perry class.
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Okay don't ask me why some hack in the Bangladesh High Commission in New Delhi posted an article about Bangladesh Shipbuilding in the High commission website (not like the Indian companies are interested in ordering from Bangladesh), The article has bad language/grammar, is quite dated and full of errors - but it's something to go by I guess.
Bangladesh Now
Shipbuilding
Shipbuilding is a growing industry in Bangladesh with great potentials. Bangladesh has a long history of shipbuilding dating back to the early modern era. However, shipbuilding has become a major promising industry in recent years when the locally made ships began to be exported. Bangladesh has now over 200 shipbuilding companies, mostly concentrated in Dhaka, Chittagong, Narayanganj, Barisal and Khulna.
Shipbuilding Industry an important economic and industrial sector in Bangladesh. Bangladesh is a maritime nation with 9,000 sq km of territorial waters, 720 km long coastline. It has 700 rivers that come down from the surrounding countries and which provide 24000 km long inland waterways. At present about 10,000 inland and coastal ships have been plying all over the country, which carry more than 90% of total oil product, 70% of cargo and 35% of passengers. More than 150,000 skilled and semi-skilled workers are employed in this labour intensive sector. Two million people are related directly or indirectly with shipbuilding industry. All inland and coastal ships are constructed and repaired locally in Bangladeshi shipyards. Recently Bangladesh has successfully exported her first ocean going ship to a high-end market like Denmark competing with giant competitor like China, India and Vietnam in 2008. Few local shipyards are capable of making ships up to 10,000 DWT (deadweight tonne) as per international standard.
History of Bangladeshi shipbuilding Since ancient period, Bengal had a glorious tradition of boat and ship building. Traditional ship and wooden boat were made in Chittagong. The Moroccan traveller ibn batuta who came to Bengal in the 14th century saw numerous boats in the river carrying men and mercandise and testified to the existence of gigantic fleet of war-boats. According to the European Traveller Caesar Frederick, Chittagong was the centre of building ocean-going vessels in the mid 15th century. In the 17th century, the ship building institutions of Chittagong are reported to have built a complete fleet of war-boats for the Sultan of Turkey. During the Mughal period, Bengal is said to have taken the lead in building ships and boats.
The Mughal naval force had a large number of ships built at Chittagong. The British Navy used warships built at Chittagong in the famous Battle of Trafalgar in 1805. During the first half of the 19th century, the shipyards at Chittagong built ships up to 1000 DWT. During Pakistan period public sector enterprises dominated the shipbuilding Industry. There are more than fifty shipyards concentrated at Dhaka, Chittagong, Narayanganj, Barisal and Khulna regions where inland costal and fishing fleets are being built. In 1979, FAO funded contract for supply of 8 food grain carrying vessels to Bangladesh Inland Water Transport Corporation (BIWTC) was secured by Highspeed Shipyard, Narayanganj. Mitsui Engineering and Shipbuilding Industry of Japan entered into a joint venture in shipbuilding with High Speed Shipyard and constructed 4 deep sea fishing vessels. Recently some shipbuilding industries including Ananda Shipyard and Slipways Ltd, Dhaka and Western Marine Shipyard Ltd, Chittagong have come up with modern shipbuilding facilities that enabled them to receive export orders. However in 2008, Ananda shipyard exported her first ocean going ship Stilla Marriage to Denmark and earned reputation for Bangladesh as the ship exporting country in the world.
Present status of Bangladeshi shipbuilding industryThere are more than fifty shipyards in Bangladesh and a hundred of shipbuilders or contractors and marine workshops are actively involved in shipbuilding activities. 70% of the shipyards are located in and around Dhaka, 20% are in Chittagong and 10% are in Khulna and Barisal. Almost all inland/coastal/bay crossing ships are constructed and repaired locally in these shipyards. Local shipyards can design and fabricate ship up to 3500 DWT to fulfill the demand of local market. Most of the Shipyards are operating under individual management with nominal supervision of government. All inland and coastal ships are built by local shipyards, and the number of vessels built per year counts an average of 250.They employ huge number of skilled and unskilled labour. Most of the private shipyards use plate, engine, component and machinery of old merchant ships which are collected from Bhatiary ship breaking industries.
Recently few local shipyards have attained the capability to manufacture the ships of 10000 DWT. Nearly fifty thousand skilled workers and one lacs semi-skilled workers, are now working in these industries. There are eleven local shipyards of international standerd capable of making ships up to 10000 DWT. These are: Ananda Shipyard and Slipways Limited, Dhaka; Western Marine Shipyard Limited, Chittagong; Khulna Shipyard Limited, Khulna; Karnafuly Slipways (Pvt) Limited, Chittagong; Highspeed Shipbuilding and Engineering Works Limited, Narayanganj; Dhaka Dockyard and Engineering Works Limited, Dhaka; Dockyard and Engineering Works Limited, Narayanganj; Chittagong Dry Dock Limited, Chittagong; Narayanganj Engineering and Shipbuilding Ltd, Narayanganj; Chittagong Shipyard Ltd, Chittagong; and Basundhara Steel and Engineering Ltd, Narayanganj.
Productivity and working hour in Shipyards The productivity of Bangladeshi Shipbuilding labours is 11.43 which has been shown in Table 1 as compared with other countries. But proper training and automation of work will definitely improve the productivity. On the other hand average hourly labour charge in Bangladesh is only US$ 1.00 which has been shown in Table 2 as compared with other countries. This is also the lowest in the world. So, the relative labour rate in Bangladeshi Shipyards is 0.45 which has been shown in Table 3 as compared with other countries.
Shipbuilding Industry
Cost analysis of export ship manufacture Additional financial cost of ship manufacture in Bangladesh is about 15 to 20% (Bank Interest 3 to 6% + Bank Guarantee 8 to 16% + L/C Commission 4 to 8% + other charges 1%) higher than the other competing countries like China, Korea, Japan, India, Vietnam etc. Again tax on imported shipbuilding machineries and components enhances the costing to a further extent. On the other hand, India has only 10% financing cost and a 30% cash subsidy and is altogether about 30-40% ahead in ship building business of Bangladesh. So, only low labour cost can not promote survival of Bangladesh in the shipbuilding industry. Again, at present Bangladeshi component manufacturers and shipyards can manufacture 50% of the total material, machineries and equipments for the local inland and coastal vessels built in Bangladesh and the rest can be procured either from foreign market or second hand market at Bhitiary. This proportion for an international classed vessel to be built in Bangladesh is at present 10-15%, which if properly ventured by experienced foreign manufacturer can be taken to 45%. Share of the local contribution for export quality ship built by the Bangladeshi shipyards is about 40% of total ships’ cost.
Global trend of shipbuilding industry In the past, shipbuilding industry of the East enjoyed superiority. But after World War I, America gets superiority in the industry. However, after World War II shipbuilding becomes a European industry in which Britain took the lead between 1960s and 1980s. This is followed by Japan (1960s to 1980s). Japan established herself as number one shipbuilding nation by manufacturing oil carriers for the world. Then South Korea took the lead. Therefore the world shipbuilding market is moving toward the East. Now rapid growth in market share is observed in China where labor costsplaying a vital role. The other emerging forces are Vietnam and India. Now India ranked as fifth largest shipbuilding nation in the world. Thus, shipbuilding has shifted from Europe to Asia, where the single most driving force behind this phenomenon is cheep labour cost.
Demand of global shipbuilding Shipyards in Japan, China, Korea, India, Singapore and Vietnam are booked up to 2012 with minor exception as some yards have been affected by the cancellation of orders due to economic recession. Presently the demand for new shipbuilding has superceded the capacity of the shipyards. However, traditional market leaders of world shipbuilding industry are over-booked primarily for construction of large ships. So the ships’ buyers/ entrepreneurs are in search of new, suitable and reliable markets in Vietnam, Bangladesh, India, Brazil, Pakistan, Turkey, etc. As a result shipbuilding capacities are rapidly expanding in Asian Countries. It is estimated that shipbuilding demand increases 5% annually and number of shipyards is not increasing. Again new regulations of International Maritime Orgainsation (IMO) have made it almost impossible to have the older ships upgraded and thus have to be replaced by new ships. Presently world turnover and movement of goods has been increased manifold in the last few years. As a result, demand of ship and shipbuilding activities have been increased manifold.
Prospect of Bangladeshi shipbuildingAs per World Trade Organisation (WTO), global shipbuilding market size is US$ 1,600 billion. If only 1% market share can be captured by Bangladesh, it will be worth US$ 16 billion. If we can grab 1% of the global order for only small ships market the amount will be worth US$ 4 billion. Two leading local shipyards, Ananda and Western Marine have bagged orders to make 41 small vessels worth about US$ 0.6 billion mainly from European buyers. Again, by 2012 the world will need more than 10000 vessels, mostly small to medium sized and all single hull tanker will be replaced by double hull as per IMO rules. So small and medium shipbuilding market is flourishing and future of Bangladeshi shipbuilding is brightening day by day. Bangladesh is suitable for small and medium combine cargo vessel, multipurpose vessel and oil tanker up to 15000 DWT and some extend to 25000 DWT, However it predicts that small cargo and containership market will also be feasible for Bangladesh in coming years.
Newly built ship in shipyard
Global recession and position of Bangladesh It is nice to mention that the market of small-ships and vessels of various types is remaining unaffected by on going global recession. Recession has caused a drop in demand for large vessels. Global giant shipbuilders cannot capitalize on this new market demand, as their projects will prove to be unfeasible because of the high overhead costs they already bearded. So far Bangladesh does not face any blow like cancellation of orders.
Experts feel that orders for small ships have gone up because of the global financial crisis; so demand for small vessels will continue and activities of Bangladeshi shipyard will remain on. It is good time for us to prepare for the future with the help of government so that local shipyards can receive orders after recovery from current recession.
Forecast of local and globalshipbuilding in gross tonnages It may be said that in the year of 2015 shipbuilding capacity of Bangladesh and world will be 0.44 and 52.5 million gross tonnages respectively. So Bangladesh is going to achieve the capacity of 0.84% of global shipbuilding share within 2015.
Forecast of local and global shipbuilding in gross tonnages It may be said that in the year of 2015 shipbuilding capacity of Bangladesh and world will be 0.44 and 52.5 million gross tonnages respectively. So Bangladesh is going to achieve the capacity of 0.84% of global shipbuilding share within 2015.
Challenges in Bangladeshi shipbuildingChallenges of Bangladeshi shipbuilding have been illustrated below:
Like Bangladesh, many other countries such as Vietnam, Brazil, India, Indonesia and Turkey are also trying to capture the surplus global shipbuilding market.
Draining out skilled manpower from local to foreign shipbuilding industry is an usual and unavoidable threat for local shipyards.
iii.
More than 80% of raw materials and ship’s components are in import-based for export oriented Bangladeshi shipbuilding. Ultimately unit price of export ships and foreign dependency increases.
iv.
Most of the shipbuilding nations have developed close links between shipbuilding and support industry for reducing delivery time1
But due to non-availability of industries of classified marine equipments and limited infrastructure in Bangladesh the delivery time is deferred and shipbuilding cost in increased as compare to the competitors.
To accelerate shipbuilding activities, most of the shipbuilding nations maintain a good relation between shipbuilding industry and other supportive industries. But due to lack of quality local marine industries and poor infrastructures, local shipbuilding fails to achieve her goals. As a result, shipbuilding cost and ship delivery time increases.
vi.
Overall management practice and planning process for most of the shipyards is not up to the international standard. Lack of expert financial personnel, absence of corporate management culture, poor forecasting process and central decision-making culture in day-to-day matter make local shipyards handicapped.
Absence of adequate backward linkage industries is also a main cause of delaying delivery and adding extra cost of export ships.
viii.
Scarcity of sufficient land in Bangladesh, deficiency in power supply and weak infrastructure facilities are the major impediments for rapid development of shipbuilding industry.
ix.
Due to the global economic recession both ship and steel market have become unstable. As a result cancellation of a contract in shipbuilding industry is one of the recent enormous threats to local shipyards.
Europeans are the valued customers for Bangladesh. They put the condition that 60-65% of the total contract value is to be imported from abroad. But the equipment manufacturers of foreign countries do not place competitive offers for Bangladeshi shipbuilders; rather they quote higher cost on imported items that increases ship’s price.
xi.
Most of the shipyards are located at the banks of few rivers around Dhaka, which are far away from the sea. These rivers are losing their navigability due to continuous filtration. As a result the restricted draught (maximum 4.0 to 4.5 meters) dictates the size of a ship that can be built in these shipyards. Again bridges and overhead cables may induce further restriction to the ship size built in most of the local shipyards.
Now a days quality is very demanding and everyone in the system must be dedicated. A chain of such professionals is necessary, but it is missing in local shipyards. Again lack of adequate quality control group and their performances and capabilities in the local shipyards are in question.
xiii.
Financial matter like lack of adequate working capital, high rate of interest on industrial and working capital loan, high bank guarantee margin and high import LC margin make shipbuilding industry of Bangladesh a cumbersome and complicated enterprise.
Shipbuilding is a semi high-tech and capital-intensive sector. It is both promising and challenging industry in the World. Bangladeshi shipbuilding is not in competitive and international standard and also is in vulnerable stage.
the Indian Govt. just announced the second installment of another Billion Dollar credit to Bangladesh. Bangladesh Govt. is now truly baffled on what to buy.
why ? Because it's Indian . Your insecure complex is understandable. Your nation is our gift for u . And we know how to Make or Break a nation into small parts at will . 
And talk like as if US and whole world is waiting at bangladeshi doors for Little to light mock up so called frigates and tiny ships . Get real . War ship building is different story to tell than Cargo vessels . Check what is our history of Merchant ships buildings capabilities . We have built ships weighing more than 1 lac ton that too years ago . 
Especially Kolkata.
. Who thinks India can't offer anything what Big Bangladesh wants 
And you may be never heard of **** attack on India on December 3 right??
