Ananda Shipyards and Slipways is a Bangladeshi shipbuilding company, founded in 1983. [1] It is a part of the Ananda Group of companies.
Ananda Shipyards, along with Western Marine Shipyard, is one of two major exporters of ships from Bangladesh. It was the first Bangladeshi shipbuilding company to deliver a seagoing vessel to a foreign customer, the Stilla Marriage which was delivered to a customer in Denmark. [2] As of November 2008 the company had received orders worth $373 million from European and African buyers for building 34 vessels. [3]
In 2022, the shipyard exported the largest domestically produced vessel ever exported from Bangladesh, a 6,100 deadweight tonnage (dwt) oceangoing container vessel sold to a UK buyer, Enzian Shipping Company Ltd. [4]
After winning a large number of bids in the late 2000s, [5] the company succumbed to the global recession and failed to deliver orders on-time to many customers. This led to a call on performance bonds covering the company's projects. Indemnified losses exceeded $58m, and led to questions being raised by regulators about the banks that issued bonds and loans to the company. [6] [7]
The shipyard has been accused of illegally occupying shore areas along the Meghna River. [8]
The economy of Bangladesh is a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
A shipyard, also called a dockyard or boatyard, is a place where ships are built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Compared to shipyards, which are sometimes more involved with original construction, dockyards are sometimes more linked with maintenance and basing activities. The terms are routinely used interchangeably, in part because the evolution of dockyards and shipyards has often caused them to change or merge roles.
The Damen Group is a Dutch defence, shipbuilding, and engineering conglomerate company based in Gorinchem, Netherlands.
The JSC Admiralty Shipyards is one of the oldest and largest shipyards in Russia, located in Saint Petersburg. The shipyard's building ways can accommodate ships of up to 70,000 tonnes deadweight (DWT), 250 metres (820 ft) in length and 35 metres (115 ft) in width. Military products include naval warships such as nuclear and diesel-powered submarines and large auxiliaries.
Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading shipyards, located in Kolkata. It builds and repairs commercial and naval vessels. GRSE also exports the ships that the company builds.
Ferguson Marine Limited is a shipbuilding company whose yard, located in Port Glasgow on the Firth of Clyde in Scotland, was established in 1903. It is the last remaining shipbuilder on the lower Clyde and is currently the only builder of merchant ships on the river.
Western Marine Shipyard Limited is a publicly listed shipbuilding company standing with over 42 acres of land beside the Karnaphuli River in Chattogram, Bangladesh. The shipyard has constructed various types of vessels, including ocean-going multi-purpose cargo vessels, passenger vessels & boats, oil tankers, ro-ro ferries, pontoons, barges, fishing trawlers, dredgers, tug boats, container vessels, etc. It owns an 89 percent share of Bangladesh's shipbuilding market. The company is listed on Dhaka and Chittagong Stock Exchange.
JSC PO Sevmash is a Russian joint-stock company (JSC) under the vertically-integrated United Shipbuilding Corporation. The shipbuilding operations of Sevmash is in the port city of Severodvinsk on the White Sea in the Russian Federation.
The Karachi Shipyard & Engineering Works Limited is a major defence contractor and shipbuilding company situated in the West Wharf in Karachi, Sindh in Pakistan.
Austal Limited is an Australian-based global ship building company and defence prime contractor that specialises in the design, construction and support of defence and commercial vessels. Austal's product range includes naval vessels, high-speed ferries, and supply or crew transfer vessels for offshore windfarms and oil and gas platforms.
The Khulna Shipyard Limited(Bengali: খুলনা শিপইয়ার্ড লিমিটেড) is a Bangladeshi state-owned defense contractor based in Khulna, Bangladesh. It is located on 68.97 acres (27.91 ha) of land at Labanchara, Khulna, Bangladesh. It is about 45 km north from the Port of Mongla. The shipyard has the capacity to build steel / aluminium ships up to 90 m length and 700 tons lightweight. The shipyard has a slipway with a capacity to dock and undock vessels up to 700 tons lightweight and overall length of 84 meters.
STX Finland Oy, formerly Aker Yards Oy, was a Finnish shipbuilding company operating three shipyards in Finland, in Turku, Helsinki and Rauma, employing some 2,500 people. It was part of STX Europe, a group of international shipbuilding companies owned by the South Korean STX Corporation.
Islami Bank Bangladesh PLC. (IBBPLC), more commonly known as Islami Bank, is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.
Remontowa is a company and shipyard in Gdańsk, Poland. The yard specialises in ship repair and conversions. Remontowa S.A. is one of 26 companies that make up the Remontowa Group. It is the biggest shipyard in Poland.
Hanjin Heavy Industries and Construction Philippines, also known as HHIC Phil, was a Philippines-based shipbuilding company established in February 2006 by Hanjin Heavy Industries and Construction of South Korea. In the same month, its first shipbuilding contract was signed for four container ships. In May 2006, the construction of a shipyard began on Redondo Peninsula, on the western edge of Subic Bay.
S.Alam Group is a Bangladeshi industrial conglomerate. S. Alam Group also has investment in banking, leasing, insurance, stock brokering, and merchant banking. The industries under this group include food and allied products, steel, banking, consumer products, sugar, cement, power, energy, transportation, shipping, manufacturing, hospitality, financial institution, agro, trading, oil, and gas. The group is under investigation by the Government of Bangladesh for financial crime and money laundering under the shelter of the ousted Sheikh Hasina government.
Bangladesh has a long history of shipbuilding. It has over 200 shipbuilding companies. Some of the leading shipbuilding companies of Bangladesh include Ananda Shipyard & Slipways Limited, FMC Dockyard Limited, Western Marine Shipyard, Chittagong Dry Dock Limited, Khulna Shipyard and Dockyard and Engineering Works.
Chittagong Dry Dock Limited (CDDL), formerly an enterprise of Bangladesh Steel and Engineering Corporation, is a state-owned military ship repair facility based in near of the Chittagong Port, Bangladesh. CDDL is one of the largest ship builder and repair facilities in East and South Asian region, and one of the three shipyards owned and operated by the Bangladesh Navy.
Foremost Group is a privately held American shipping company, headquartered in New York City. It operates globally, chartering vessels to companies in the dry bulk shipping industry. Its clients include Bunge, Cargill, Dreyfus (Rotterdam), MOL (Tokyo) and NYK Line (Tokyo). Foremost Group was founded in 1964 by businessman James Si-Cheng Chao and his wife Ruth Mulan Chu Chao, who each immigrated to the United States from China by way of Taiwan. Its chair and CEO from 2018 to 2024 was Angela Chao, the sixth daughter of the company's founders and the third of their children born in the United States.
Helsinki Shipyard is a Finnish shipbuilding company based at Hietalahti shipyard in Helsinki, Finland.