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Western Marine to build 10 cargo ships for Jindal

Western Marine Shipyard (WMS) will build 10 cargo ships for Indian business conglomerate Jindal Group, agencies report.  To this end, the WMS has struck a deal with the Indian company and that was announced today at a press conference in a city hotel, said a press release.   Industry Minister Amir Hussain Amu was present as chief guest. Deputy High Commissioner of India Sandeep Chakravorty, Chairman of Bank Asia A Rouf Chowdhury, WMS Chairman Saiful Islam and Managing Director Sakhawat Hossain were also attended on the occasion.

Speaking on the occasion, Amir Hussain Amu said Bangladesh and India have shared a very strong relation.   “The government under the leadership of Prime Minister Sheikh Hasina is always eager to enhance bilateral trade between the two countries and this shipbuilding project between Western Marine and Jindal contributed to this cause,” he added.   Sandeep Chakravorty stated the Indian Government is very much ambitious on Bangladesh-India friendship and this new building project between Western Marine and Jiandal has given a new dimension to it.

He also congratulated Western Marine for achieving this order from India, and hoped India and Bangladesh will work together in more shipbuilding projects in the days ahead.  The WMS signed agreement with the Jindal Steel Works Limited on March 2015 in Mumbai, India for building 10 units of Mini Bulk Carrier (MBC). The WMS will be building six units of these ships in the first phase in a row of two which are to be delivered in next 18 months and the rest four units will be built in the second phase after successful completion of the first phase.

These ships will be built for about BDT 4.8 billion (USD 61.25 million) and it could be considered one of the highest worth contract that Bangladesh has signed with India so far. Bank Asia Ltd is the financial partner to Western Marine for construction of first two ships of the series.  The ships will carry iron-ore and coal to the Steel Factory and Power Plant of Jindal in Joigarh and the ships will also carry finished product steel coils.  The ships will be built under the class Indian Register of Shipping (IRS) having the compliance “RSV-4” which is the highest compliance for inland and coastal ships in India as per Indian Department of Shipping.

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