Dredging Seminar Held in Bangladesh
On Tuesday, July 11, Damen hosted a dredging seminar in Dhaka, Bangladesh attended by more than 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions, various customers of Damen and other industry stakeholders. Damen said it has enjoyed great successes all over the world in the sale of its dredging equipment, including Trailing Suction Hopper Dredgers, Cutter Suction Dredgers and renowned DOP pumps.
India Approves Indo-Bangladesh Marine Pacts
The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has approved MoU on passenger cruise services on the coastal and protocol routes between India and Bangladesh for starting regular movement of passengers and tourists in water crafts between the two countries. The operationalization of this MoU will promote people to people contact and cooperation between the two countries in respect of economic, social and cultural advancement. It will also generate employment opportunities for the people of India and Bangladesh.
Bangladesh, Thailand Plans Direct Coastal Shipping
Bangladesh and Thailand are planning to launch direct coastal shipping, connecting the Chittagong Port in the Bay of Bengal with the Ranong Port in the East of the Andaman coast in south-western Thailand. Bangladesh Ambassador to Thailand Saida Muna Tasneem said: “Both Bangladesh and Thailand are planning to start direct coastal ships. The coastal communication between Bangladesh and Thailand will take place with the help of Chittagong and Ranong ports. Goods shipped between the two countries currently pass through Singapore and take two weeks…
Bangladesh Inks Deal with Indonesia for LNG Imports
Bangladesh signed an agreement with Indonesia on Sunday to open talks on imports of liquefied natural gas (LNG), as the South Asian country turns to the supercooled fuel to fill a shortfall of domestic natural gas. A letter of intent was signed between two state energy companies, Petrobangla and Pertamina, after a meeting between Prime Minister Sheikh Hasina and Indonesian President Joko Widodo, who arrived in Dhaka on Saturday. Bangladesh, a country of more than 160 million people…
Donors to Bangladesh: Raise Infrastructure Spending
Bangladesh should raise spending on infrastructure to $12 billion annually, particularly in energy, transport and ports, development partners have told it, Finance Minister Abul Maal Abdul Muhith said on Monday. Bangladesh currently spends just 3 percent of GDP in this sector. About 40 representatives of organisations including the World Bank, the International Monetary Fund, the U.S. Agency for International Development (USAID) and the European Union attended a two-day meeting on development issues in Bangladesh. Muhith told reporters: "Our aim is to raise economic growth to 8.0 percent by 2020 from 6.5 percent now, to become a middle-income country." He said several new projects would be reflected in the budget for the next fiscal year beginning in June 2016.
Bangladesh Ship Recycling Project Makes Good Progress
Stakeholders have been updated on progress made by the safe and environmentally sound ship recycling in Bangladesh (SENSREC) project - Phase I. The project is being executed and implemented by International Maritime Organization (IMO) and funded by the Norwegian Agency for Development Cooperation (Norad), in partnership with the Ministry of Industries of Bangladesh and Secretariat of the Basel, Rotterdam and Stockholm Conventions (BRS). At a recent workshop (15 June), updates were given on the various parts of phase I of the project…
Svitzer Bags FSRU Support Contract in Bangladesh
Svitzer will provide marine support services for the Excelerate Energy FSRU at Bangladesh’s first liquefied natural gas (LNG) import terminal. Excelerate Energy Bangladesh Limited awarded Svitzer the 15-year contract following a competitive tender process. The contract also includes a five-year option. Bangladesh’s first LNG import terminal, located offshore Moheshkhali Island in the Bay of Bengal, will enable Petrobangla, the state owned energy company, to increase natural gas supply in the country by up to 20 percent, sufficient to support up to 3,000 MW of power generation capacity. The construction of the terminal will commence in the fourth quarter of 2017 and is anticipated to be in service by mid- 2018.
After India, China Wants Maritime Deal with Bangladesh
China has approached Bangladesh to sign a deal on blue economy and maritime cooperation in the Bay of Bengal, days after Dhaka and New Delhi signed such an accord. Media reports quote an unnamed senior Foreign Ministry official saying that Dhakka received a Chinese proposal on Wednesday to forge an alliance on blue economy. Bangladesh and India signed a memorandum of understanding on blue economy and maritime cooperation in the Bay of Bengal and the Indian Ocean on June 6 in the presence of Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi.
Santos, Kris Energy to Explore Oil and Gas off Bangladesh
Australian oil and gas company Santos and Singapore-based Kris Energy signed a production-sharing contract (PSC) on Wednesday to explore oil and gas in Bangladeshi waters. State-run Bangladesh Oil, Gas and Mineral Corporation, known as Petrobangla, awarded shallow water blocks SS-11 in the Bay of Bengal to the two foreign energy firms. Santos, which in October shut down operation of Bangladesh's only offshore gas field, saying it was not commercially viable, will be the operator of the new project and Kris Energy will join as a co-partner. "It (gas exploration) is a continuous process to make Bangladesh a middle-income country by 2021 and also to become a developed country by 2041," Finance Minister Abul Maal Abdul Muhith told reporters at the signing ceremony.
India, Bangladesh Pact for Coastal Shipping
India and Bangladesh have signed the standard operating procedure (SOP) to launch the ‘Agreement on Coastal Shipping’, which is expected bring down the logistic costs of export-import cargo between the two countries. The two sides have also agreed upon the use of vessels of River Sea Vessel category for Indo-Bangladesh coastal shipping. "Once it is operational, the coastal shipping agreement will enable a huge saving in logistic costs of EXIM transport between the two countries," Union Shipping Minister Nitin Gadkari said in a statement.
Bangladesh Shipyards Bid for Skilled Workers
(Source: The New Nation-Bangladesh)
Port-Evo Proposes Hefty Bangladesh Port Development Investment
British Secretary of State for Foreign and Commonwealth Affairs and Northern Ireland William Hague made the proposal when he met the Bangladesh Prime Minister Sheikh Hasina at her hotel suite. She is in London to attend the Olympics. The proposal was made to develop the Mongla port under joint venture with Mongla Port Authorities. Port-Evo wants to invest for river dredging, procurement of new harbour cranes, container terminals, oil tank storage and water treatment plant. They also proposed establishing an oil and gas-fired power station costing $ 450 million and a special economic zone. Sheikh Hasina said the UK, the third largest destination of Bangladesh’s exports, is a time-tested friend and major development partner of Bangladesh.
USCG Transfers Cutter to Bangladesh Navy
The U.S. Coast Guard decommissioned and transferred the Cutter Rush to the Bangladesh Navy as the BNS Somudra Avijan during an official signing ceremony on Coast Guard Island in Alameda Wednesday afternoon. A 20-member team from the Bangladesh Navy, led by prospective commanding officer Capt. Mohammad Waseem Maqsood, arrived in Alameda in March to begin preparations to receive the Rush. Seventy additional crewmembers of the Bangladesh Navy are scheduled to arrive May 20. Until the BNS Somudra Avijan departs from Alameda later this year…
Bangladesh Gets Fifth Frigate
The Bangladesh Navy's fifth frigate, built at a cost of $100 million, arrived at the Chittagong naval port on Saturday. The frigate, 339-ft. (103.5 ,) long, is named "Bangabandhu" -- the honorific title of Bangladesh's slain independence leader Sheikh Mujibur Rahman -- and is equipped with missile and torpedo launchers and a helipad. The vessel was built by South Korea's Daewoo Shipbuilding and Marine Engineering Co, after making the winning bid in 1997. Captain Zahir Uddin Ahmed of the Bangladesh Navy, who piloted the vessel to Chittagong from the Okpo shipyard on Korea's Koje island, was trained with more than 150 personnel in South Korea ahead of the delivery.
Patrol Vessels Delivered to Bangladesh Coast Guard
Two Minerva class corvettes decommissioned by the Italian Navy have been delivered to the Bangladesh Coast Guard (BCG) following upgrade and conversion at the Fincantieri shipyard in Muggiano, La Spezia. Urania and Danaide, renamed Karamuzzaman and Mansoor Ali, are the final two units part of the supply contract of four offshore patrol vessels (OPV), to the BCG, which have been retired from the national fleet in March 2016. Together with Minerva and Sibilla, renamed Syed Nazrul and Tajuddin and delivered in August 2016…
Bangladesh Ship Recycling Project Begins
An agreement between the International Maritime Organization (IMO) and the Government of the People’s Republic of Bangladesh has been signed for the parties to collaboratively improve safety and environmental standards in the country’s ship-recycling industry. A Memorandum of Understanding formalizing the cooperation between the two was signed by Nicolaos Charalambous, Director, Technical Cooperation Division, IMO and Md. Ashadul Islam, Additional Secretary, Economic Relations Division of the Ministry of Finance of the Government of Bangladesh, on April 10, 2014.
U.N. Rules for Bangladesh in Dispute with India
A U.N. tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea border with India that has ruffled ties between the neighbours for more than three decades. The verdict, binding on both countries, opens the way for Bangladesh to explore for oil and gas in the Bay of Bengal, the site of important energy reserves. "It is the victory of friendship and a win-win situation for the peoples of Bangladesh and India," Foreign Minister Abul Hassan Mahmood Ali told a news conference on Tuesday to announce the ruling of the Hague-based Permanent Court of Arbitration (PCA) on the sea boundary. The dispute had hampered the economic development of both countries for more than 30 years, he added.
India to Strengthen Naval Co-operation with Bangladesh
In a move towards strengthening its defence ties with Bangladesh, India will be exploring new avenues for naval cooperation towards achieving comprehensive maritime security in the Bay of Bengal. To this effect, Indian Chief of Naval Staff Admiral RK Dhowan reached Bangladesh on a four-day visit to consolidate the bilateral defence ties. Dhowan paid a courtesy call on Prime Minister Sheikh Hasina at her Sangsad Bhaban office on Monday. At the meeting, he observed that the partnership between Bangladesh Navy and Indian Navy is excellent and there are many things to learn from this partnership.
PSA Marine to Provide LNG FSRU Services in Bangladesh
Summit Power International (SPI), Singapore, announced that its subsidiary, Summit LNG Terminal has awarded a 15-year contract to PSA Marine Bangladesh, a subsidiary of PSA Marine. Under the contract, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel. The award of this contract marks a significant milestone for PSA Marine and commencement of a long-term partnership with SPI.
Bangladesh Targets Better Ship Recycling Practices
With an annual gross tonnage capacity of more than 8.8 million, Bangladesh’s ship recycling industry is one of the world’s largest, second only to neighboring India in terms of volume. But for these countries ship recycling practices have long been a matter of concern, particularly in terms of safety and environmental sustainability. Now on the heels of completing its first phase of a project aiming to improve standards within the nation’s ship recycling industry, the Government…
USS Fort Worth Completes CARAT Exercise with Bangladesh Navy
The littoral combat ship USS Fort Worth (LCS 3) completed its first Cooperation Afloat Readiness And Training (CARAT) exercise with Bangladesh in the Bay of Bengal, Oct. CARAT Bangladesh 2015 is a tangible representation of the continued U.S. commitment to our security partnership and our commitment to peace, prosperity, and security in South Asia. "The sea phase of CARAT Bangladesh was short but filled with a large number of naval warfighting core competencies that advanced our navies' interoperability," said Cmdr. Christopher Brown, commanding officer of Fort Worth.
Bangladesh To Double Tax On Ship Scrapings
Bangladesh reportedly proposed to double tax on scrap ships in second half of fiscal year 2000.
According to a May 18 report from The New Nation, Bangladesh’s Industry Minister, Dilip Barua, said on May 16 that the growing shipbuilding sector would help turn Bangladesh into a middle-income country through earning more foreign exchanges for the country. He made this remark during his visit to Western Marine Shipyard Ltd at 4 no Kolgaon under Patiya upazila in Chittagong. (Source: The New Nation)