Evaluation of Present Global Situation and Future Challenges of Bangladesh Shipbuilding

Cdre Khandokar Akhter Hossain, (E), NUP, psc. PhD, BN

Evaluation of Present Global Situation and Future Challenges of Bangladesh Shipbuilding

Cdre Khandokar Akhter Hossain, (E), NUP, psc. PhD, BN
Bangladesh Navy
kahossain756@gmail.com

Keywords: Module, construction, 4IR, FDI, AI, IoT, QHSE,

Abstract

Bangladesh has the necessary standards and capability to become an emerging shipbuilding nation in the globe by exploiting her glorious shipbuilding tradition in maritime industry. The presences of many indigenous shipyards, long shipbuilding practice with large pool of young workforce are the main strengths of local shipbuilding. But, shipbuilding industry of Bangladesh failed to keep pace and consistency due to lack of stakeholder and private initiatives. This has ultimately caused slow progress of local industry and failed to penetrate international shipbuilding market. Present global geo-political situation, Russian-Ukraine war, incoming global inflation/recession, along-with image crisis, attitude of local investor, etc are considered as potential challenges for existence and expansion of local shipbuilding. Again, country like China, Turkey, and Netherlands are showing their keen interests to invest and that positively help to develop healthy growth of local shipbuilding. So, by detecting prospects and future challenges and evaluate potential and opportunities of local shipbuilding; sustainable development is possible. In this analytical reviewed paper, an effort has been taken to depict the prospect and future challenges of local shipbuilding industry of Bangladesh.

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