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Prospect of Shipbuilding in Bangladesh: a Case Study of Abdul Monem Limited

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Prospect of Shipbuilding in Bangladesh: a Case Study of Abdul Monem Limited
Prospect of Shipbuilding in Bangladesh: A Case Study of Abdul Monem Limited
Why there is no strong industry of shipbuilding despite having huge opportunities for development?

By Marium Marufa Islam Former Student of East West University, Bangladesh Intern of Abdul Monem Ltd.

1

Table of Contents
Executive summary………………………………………………………………………...........iv 1.0 ORIENTATION OF THE REPORT…………………………...………………………….1 1.1 Objectives of the Study………………………………………………………………1 1.2 Methodology………………………………………………………………………….1 1.2.1 Primary sources of data……………………………………………………1 1.2.2 Secondary sources of data…………………………………………………2 1.3 Limitations………………………………………………………………………...…2 2.0 SHIPBUILDING INDUSTRY IN BANGLADESH……………………………………….3 2.1 Historical Background of Shipbuilding in Bangladesh……………………………3 2.2 Current Market Condition and Competitors……………………………………...3 2.3 Opportunities for Economic Development…………………………………………5 3.0 World Shipbuilding Market…………………………………………………..…………...8 3.1 World Merchandise Trend and Global Market Trend for Shipbuilding………8 3.2 Competitors Analysis of World Shipbuilding Market…………………………...9 3.2.1 Comparison of New building Deliveries and Expected Deliveries from World’s Top Shipbuilding Leaders…………………………………………..…11 3.3 Estimation of Shipbuilding Deliveries in the Upcoming Years…………………12 3.4 Comparison of Bangladesh with other Shipbuilding Countries………………..12 3.4.1 Position of Bangladesh in the World Shipbuilding Cycle………………..13 3.5 Key Factors in World Shipbuilding……………………………………………...14 4.0 SHIPBUIDLING AS A ECONOMIC DEVELOPMENT TOOL FOR BANGLADESH……………………………………………………………………………18 4.1 Why Shipbuilding: Strengths Bangladesh has in this Growing Industry?..........18 4.2 SWOT Analysis of Shipbuilding Industry……………………………………….19 4.3 Shipbuilding as a Labor Intensive Industry……………………………………...20 4.3.1 Some Characteristics of Bangladesh Labor Force Manipulating Prospect for Shipbuilding Industry in Bangladesh ……………………………………….….20 4.4 Bangladesh as a Land Full of


Bibliography: 1. Bari A., 2010, Potentials, Priorities, and Prospects of Shipbuilding Industry in Bangladesh, The International Conference on Marine Technology 2. Mickeviciene R., 2011, Global Shipbuilding Competition: Trends and Challenges for Europe, The Economic Geography of Globalization, ISBN: 978-953-307-502-0, InTech 3. World Bank Website, 2012 4. Zakaria N.M., 2010, Prospects of Shipbuilding industry in Bangladesh, Department of Naval Architecture and Marine Engineering, BUET 5. Websites of Shipbuilding Companies of Bangladesh 6. Rothe F., 2012, Global Trends and Investment Climate Issues Bangladesh for the Bangladesh Shipbuilding Sector, Germanischer Lloyd Group 7. Iqbal K. S., Zakaria N.M., Hossain K. A., Identifying and Analyzing Underlying Problems of Shipbuilding in Bangladesh, Journal of Mechanical Engineering, Vol. ME 41, No. 2, December 2010,Transaction of the Mech. Eng. Div., The Institution of Engineers, Bangladesh 8. Rahman M. M., Zakaria N.M., Hossain K. A., 2010, Study on Some Competitive Parameters for Shipbuilding Industry in Bangladesh, Journal of Mechanical Engineering, Proceedings of MARTEC 2010, Department of Naval Architecture and Marine Engineering 9. BIMCO ,2013, Container Shipping - new deliveries add to the supply side, on the demand side the US is up while Europe is down, Morgan Stanley Research, Available on http://www.bimco.org/en/reports/market_analysis/2013/0214_containersmoo2013-1.aspx 10. Jamaluddin S., April 1, 2008, Prospect of Shipbuilding Industry in Bangladesh, The Financial Express 11. Ethirajan A., 20 August, 2012, Bangladesh Shipbuilding Goes for Export Growth, BBC News 12. Hossain S., 2010, Shipbuilding in Bangladesh: Regulatory Environment & Access to Market, Western Marine Shipyard Ltd. 13. Overview of Ship breaking in Bangladesh, Available on http://www.shipbreakingbd.info/overview.html 14. Marine Training Institutions Website 15. Akhtar S., 2012,DHK-CTG Container Vessel Shuttle Service Project, A Business Case Study of ABL 16. Jiang L.,2011,Assessing the Cost Competitiveness of China’s shipbuilding Industry, University of Southern Denmark, Esbjerg and the authors, Department of Environmental and Business Economics 17. Bangladesh Bureau of Export-Import Statistics-2005-2010 18. BBC Website 19. Elements of Insurance CII Tuition Service-2009 39
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