Bangladesh Orders Four Ships from China in Fleet Expansion Effort

[Black_cats]

Bangladesh Orders Four Ships from China in Fleet Expansion Effort​

Bangladesh Orders Four Ships from China in Fleet Expansion Effort

Bangladesh has become the latest country to launch plans to expand its national commercial shipping fleet. The state-owned autonomous Bangladesh Shipp...

maritime-executive.com

Bangladesh Shipping Corporation currently operates a fleet of eight ships but plans to modernize and expand its fleet (BSC)
PUBLISHED JAN 6, 2023 1:55 PM BY THE MARITIME EXECUTIVE


Bangladesh has become the latest country to launch plans to expand its national commercial shipping fleet. The state-owned autonomous Bangladesh Shipping Corporation reports that it has ordered new ships from China and is in discussions with South Korea as part of a plan to dramatically increase its current fleet. Bangladesh would join a diverse range of countries including Australia, Indonesia, and Vietnam which are looking to add to their merchant fleets while South Africa and Thailand have both discussed restarting their country’s national shipping operations.

Dating back 50 years to its 1972 founding, the Bangladesh Shipping Company currently operates a fleet of eight ships consisting of crude oil tankers and bulkers. One of its ships, the Banglar Samriddhi, remains in Ukraine since the beginning of the war and being hit by a Russian missile at the beginning of March.

“We have already completed all the procedures to buy four large ships from China,” Shipping Secretary Managing Director Mostafa Kamal told a recent gathering of executives. “We have also advanced discussions with South Korea. In total, we now have four development project proposals and two signed agreements regarding new ships. Our target is to add at least 20 ships larger than our existing ones by 2030.”

According to the reports, the four ships to be built in China will consist of two 100,000 dwt crude oil tankers and two 80,000 dwt bulk carriers. The Chinese government will finance the ships, which are reported to be costing $242 million, for Bangladesh. The ships will be delivered in the next two to two and a half years.

China built and financed six new ships for Bangladesh in 2018 and 2019 (BSC)


China provided similar financing to Bangladesh in 2016 to fund the construction of six ships which reportedly cost approximately $140,000. They were financed on a 20-year term.

The six ships built by China and delivered in 2018 and 2019 make up the majority of the current fleet. The shipping company which had started with two ships 50 years ago, had added 44 ships but most (36 ships) were retired due to age or condition by the late 1990s. Prior to the previous deal with the Chinese, Bangladesh was down to just two operating ships.

During the presentation, the management of the shipping company highlighted the strong financial performance of their company during the current growth in shipping. Bangladesh Shipping reported a 64 percent increase in revenues for FY 2022 while net profit was up more than 200 percent. Like most shipping companies, profits declined recently but continue to be well ahead of historic levels helping the company to pursue its expansion efforts.

To support the growth of commercial shipping in Bangladesh, the government reported it will expand its current maritime training programs. At current, five maritime training programs are operating in the country and they plan to add three more.

Bangladesh’s new ships come as Indonesia’s state shipping company Pertamina International Shipping reported that it also plans to invest up to $3 billion in the modernization and expansion of its fleet. They have entered into an agreement with Japan’s NYK Line to help with the expansion plans. Australia similarly launched a task force to make a report on how to expand its national shipping fleet. By mid-2023 they are to issue their recommendations to fulfill the government’s campaign promise to add as many as 12 ships to Australia’s merchant fleet.

 

[bluesky]

Why the ships be ordered from China or any other country? Why the order is not with our own shipyards?

Is it because of the kickback money the import-related officials would get in US dollars?

All technology-based goods are imported and not produced in the country. Yet, our BAL brats here claim BD is a fast-developing country.

 

[applesauce]

Why the ships be ordered from China or any other country? Why the order is not with our own shipyards?

Is it because of the kickback money the import-related officials would get in US dollars?

All technology-based goods are imported and not produced in the country. Yet, our BAL brats here claim BD is a fast-developing country.

what do you mean why?

can BD even build 100,000 dwt oil tanker/cargo carriers? and if it can, can it compete in cost??

these arent military ships, these are civilians one, and they mainly compete on cost.

this is what the world civilian ship building market in the first half of 2022 looks like

and it isnt because china/south korea pays the most kick back money.

 

[epebble]

Why the ships be ordered from China or any other country? Why the order is not with our own shipyards?

Is it because of the kickback money the import-related officials would get in US dollars?

All technology-based goods are imported and not produced in the country. Yet, our BAL brats here claim BD is a fast-developing country.

The Chinese government will finance the ships
China built and financed six new ships for Bangladesh in 2018 and 2019
China provided similar financing to Bangladesh in 2016 to fund the construction of six ships which reportedly cost approximately $140,000. They were financed on a 20-year term.

 

[Beast]

Why the ships be ordered from China or any other country? Why the order is not with our own shipyards?

Is it because of the kickback money the import-related officials would get in US dollars?

All technology-based goods are imported and not produced in the country. Yet, our BAL brats here claim BD is a fast-developing country.

Yes, Bangladesh can even send man to Mars, why need to buy from China?

Another nationalistic ranting from you.

 

[bluesky]

Yes, Bangladesh can even send man to Mars, why need to buy from China?

Another nationalistic ranting from you.

Here, here. Our BAL brats should congratulate the Chinese for saying about the weak capacity buildup in the country.

Are you unable to criticize the Chinese? No problem.

Then, castigate Pakistan for taking away the high BD technology to produce big ships. It is very convenient, is not it? Bloody good-for-nothing idiot people are unable to produce even nuts and bolts.

It is because the country is led by a party dependent upon China and India for every tiny thing.

 

[Beast]

Here, here. Our BAL brats should congratulate the Chinese for saying about the weak capacity buildup in the country.

Are you unable to criticize the Chinese? No problem.

Then, castigate Pakistan for taking away the high BD technology to produce big ships. It is very convenient, is not it? Bloody good-for-nothing idiot people are unable to produce even nuts and bolts.

It is because the country is led by a party dependent upon China and India for every tiny thing.

Of cos Chinese are able to criticize Chinese, didnt the zero policy protest proves that? But just criticize for sake of criticize with no value when things are going right. No real Chinese will do it.

 

[从八品主簿]

Bangladesh's shipbuilding industry is weak and cannot produce competitive goods. Bangladesh has only ship breaking industry. LNG ships, luxury cruise ships, and aircraft carriers are the three pearls of the world's shipbuilding industry.

 

[Indos]

Pertamina shipping is not merchant shipping company. The company is a subsidiary of PT Pertamina, energy company. They only operate tankers and operate 750 ships.

Talking about Indonesia merchant ship, then the example is Samudera Indonesia

Samudera Indonesia has been in expansion since last year, but I dont know where they order their ships, they have container and bulk ship, including ship to transport coal

 

[Indos]

I predict Pertamina order LNG tanker in Japan. They have made partnership with Japan oil and LNG carriers as well. I forgot the name

 

[huanghong]

I predict Pertamina order LNG tanker in Japan. They have made partnership with Japan oil and LNG carriers as well. I forgot the name

Ordering LNG tankers from Japan seems unlikely.
Almost all LNG tankers in the last 10 years were built in Korea and China.
South Korea occupies 80% of the LNG tanker

 

[从八品主簿]

Ordering LNG tankers from Japan seems unlikely.
Almost all LNG tankers in the last 10 years were built in Korea and China.
South Korea occupies 80% of the LNG tanker

It is impossible to occupy 80% last year

 

[Indos]

Ordering LNG tankers from Japan seems unlikely.
Almost all LNG tankers in the last 10 years were built in Korea and China.
South Korea occupies 80% of the LNG tanker

Pertamina look like has strong relationship with Japanese companies. They are going to partner with one Japanese energy company in one big gas and LNG project in Indonesia. Their latest new built oil tankers, Pertamina Prime, is also built in Japan.

 

[Indos]

Cooperate with Japan, Pertamina Shipping Works on US$ 500 Million Project​

NEWS - Khoirul Anam, Pratama Guitarra, CNBC Indonesia
October 18, 2022 12:40 PM

Nusa Dua, CNBC Indonesia - PT Pertamina International Shipping (PIS) will sign a cooperation agreement with Japanese ship company NYK in working on the gas transportation sector. He and NYK will work on projects with a value of more than US$ 500 million in two to 3 years covering the provision of transportation to the terminal business.


President Director of Pertamina Internasional Shipping Yoki Firnandi stated that in this collaboration, NYK will pocket as much as 1% of PIS's shares in the early stages. This is a commitment to jointly grow and help PIS develop faster.

Gaet Jepang, Pertamina Shipping Garap Proyek US$ 500 Juta

Pertamina International Shipping bakal teken kerjasama dengan perusahaan kapal Jepang.

www.cnbcindonesia.com

 

[Indos]

Bangladesh's shipbuilding industry is weak and cannot produce competitive goods. Bangladesh has only ship breaking industry. LNG ships, luxury cruise ships, and aircraft carriers are the three pearls of the world's shipbuilding industry.

Very big ships building like Supertankers and others are dominated by China, South Korea, and Japan. They are more like Boeing and Airbus for airplane business.

Other shipbuilding will not likely compete with those three, the same like in aerospace sector where Indonesian Aerospace concentrate on propeller plane, Brazilian companies concentrate on private small plane and plane below 100 seats. No body dares to challenge the domination of Boeing and Airbus, except China and Russia. The same thing happen in shipbuilding as well