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Khan Brothers to build ships worth $133 million for German company

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July 2, 2014

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Khan Brothers to build ships worth  $133 million for German company

Khan Brothers Shipbuilding Ltd (KBSL) will make ocean going vessels worth $100 million (nearly $133.309 million) for German company ‘Phoenix Reederei’, officials at a press conference Thursday said.

KBSL organised the press conference at the Dhaka Reporters’ Unity in the city on the eve of handing over of a tourist vessel tomorrow at Khan Brothers Shipyard in Munshiganj district.

KBSL chairman Mohammed Enamul Kabir Khan told newsmen that his company has constructed the biggest shipyard in the country on 300 bighas of land on the bank of the Meghna river.

He said, the shipyard has been set up with a hope to contribute to the country’s growing ship export sector.

Mohammed Khan said that KBSL is going to sign a deal soon with the famous German company ‘Phoenix Reederei Bereederungs Gmbh & Co.kg’ for delivering ocean going ships worth $100 million.

He said, earlier ship exports by the country’s pioneer shipyards like Ananda Shipyard and Western Marine, have made a good image of our vessels in the EU markets for their quality as well as cost effectiveness.

“The EU countries are now showing keen interest to get our vessels,” he informed.

Director (Technical) of KBSL Dr Abdur Rahim said, EU countries are going to implement ‘EU Double Skin Regulation 2012’, which will require replacement of nearly 55 per cent of ocean going ships capacities between 5000 dwt (deadweight tonnes and 15000 dwt.)

“This regulation can be a boon for our ship export sector if we manage to capture even a small portion of export orders”, he said.

He expressed his optimism that this EU regulation would be completely implemented by 2014 and we will be prepared to grab the market by the time.

However, Dr Rahim said the ship building sector has a possibility to capture 8 to 10 per cent of the global small ship export market of $420 billion which could help the country fetch nearly $40 billion in near future.

KBSL Director (Marketing) A A F Mukim said, “they will handover the 43 meter-long modern tourist vessel worth Tk 50 million to a joint venture tour company Tiger Tours Ltd (TTL) to carry tourists by the ship.”

Mr Mukim also informed that they have got Tk 2.5 billion order for delivering 2 K-Type ferries, 17 oil tankers, and one tourist vessel to local companies.

The handing over ceremony of the tourist vessel will be held on Saturday (March 3) where finance minister Abul Maal Abdul Muhith will be present as the chief guest while the industries minister Dilip Barua and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president AK Azad as special guests, officials said.

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