DOCSLIB.ORG

Marine & Offshore Business Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Marine & Offshore Business Review BV_MBR2013_042013_Couv-1804:BV_MBR2013_042013_Couv-1804 18/04/13 14:42 Page1 NP499 DSM R09 2012-2013 MARINE & OFFSHORE BUSINESS REVIEW Move Forward with Confidence Bureau Veritas Marine & Offshore Division Move Forward with Confidence 67/71 Boulevard du Château - 92200 Neuilly-sur-Seine - France www.bureauveritas.com - www.veristar.com BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page1 01 MARINE & OFFSHORE BUSINESS REVIEW 2012/2013 FOREWORD Bureau Veritas is a global leader in testing, inspection and certification, recognised and accredited by major national and international organisations. The Group delivers high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility. As a trusted partner, Bureau Veritas offers innovative solutions, that go beyond simple compliance with regulations and standards, reducing risk, improving performance and promoting sustainable development. Through its eight global businesses, Bureau Veritas has developed the industry’s widest array of world-class services to clients, wherever they operate. Bureau Veritas has close to 59,000 employees in around 1,330 offices and laboratories located in 140 countries. In 2012, it reported revenue of ¤3.9 billion. For more information: www.bureauveritas.com BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page2 02 MARINE & OFFSHORE BUSINESS REVIEW 2012/2013 BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page3 CONTENTS 03 MARINE & OFFSHORE BUSINESS REVIEW 2012/2013 04 SIZE AND SYNERGY 06 KEY POINTS 07 NEWBUILDINGS 08 MARINE & OFFSHORE NETWORK 10 REPORT FROM THE REGIONS 16 OPERATIONAL SERVICES 18 RESEARCH & DEVELOPMENT SHIPPING 19 CONSULTANCY & OUTSOURCING 20 MARINE ACTIVITIES 22 CONTAINERSHIPS 24 OIL TANKERS & CHEMICAL CARRIERS 26 GAS CARRIERS 28 BULK CARRIERS 30 PASSENGER VESSELS 32 WARSHIPS 33 INLAND SHIPPING 34 OFFSHORE ACTIVITIES 36 OFFSHORE UNITS 40 MARINE RENEWABLE ENERGY 41 R&D OFFSHORE 42 CONSULTANCY & OUTSOURCING Move Forward with Confidence BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page4 04 MARINE & OFFSHORE BUSINESS REVIEW 2012/2013 SIZE AND SYNERGY PHILIPPE DONCHE-GAY EXECUTIVE VICE PRESIDENT BUREAU VERITAS MARINE & OFFSHORE DIVISION Size does not have to mean distance from the client. In our highly globalised industries size is imperative to deliver customer intimacy. In a global world you have to be big to appear small everywhere. We have the global footprint and the means to support a network much denser than anyone else in the business. So we can be close to owners and yards wherever they are s T c v uu Size is important in both shipping e and offshore markets. It delivers big benefits for our clients. BV is by a very long way the largest group involved in ship classification and offshore certification and verification. That scale gives us financial strength. In a rocky the expertise and the scale of resources learn from offshore. Together they can market without many good prospects that our big offshore energy clients were drive new projects such as FLNG. Our risk shipowners need to know they are looking for for field certification and and safety case expertise in offshore is dealing with a solid partner, and offshore validation of major new projects. proving its worth in new FLNG projects. operators want to deal with a partner That is why in 2012 we grouped our who can meet all their needs and do it But size does not have to mean distance from Marine and Offshore divisions. quickly. Bureau Veritas group today has the client. In our highly globalised industries close to 59,000 employees, a global size is imperative to deliver customer Together they class or certify over 10,000 turnover of Euro 3.9bn and is growing intimacy. In a global world you have to be big ships and almost 900 FPSOs and offshore steadily at 15 per cent annually, and has to appear small everywhere. We have the units and deliver a huge range of risk been for more than ten years. That is real global footprint and the means to support a services and offshore certification, size and strength. network much denser than anyone else in validation and verification of every type for the business. So we can be close to owners fixed installations, pipelines and subsea Financial strength gives us the resources and yards wherever they are. systems globally every year. to support high technology research and development through a market trough. We have also organised ourselves into Offshore energy of all sorts is developing We invested heavily during 2012 in geographical zones with their own technical rapidly, pulling in new players, including research for offshore and for shipping, resources and authority, bringing the shipowners moving into LNG RV. Shipowners, and are world leaders in understanding expertise and decision makers closer to rig owners, offshore energy operators and hydrodynamic behaviour of structures. the customers. oil majors all tapped into into Bureau Veritas’ Financial strength means that in 2012 we expertise during 2012 and got coherent were still hiring good people as they shook Size gives us synergies. Offshore energy answers which addressed all aspects of the out of weaker organisations. That gave us can learn from shipping and shipping can new ventures they were embarking on. BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page5 05 MARINE & OFFSHORE BUSINESS REVIEW 2012/2013 s The 16,000 teu CMA CGM Marco Polo is the world’s largest containership. It was built to BV class and is the first of three sister vessels which are being built at DSME for CMA CGM. The vessel’s economy of scale and cutting-edge environmental technology provide the lowest environmental impact per container possible. can Bureau Veritas group The scale of our operations and services current tonnage, using SEEMP as a risk and our presence in every size and sector platform, and future tonnage, using CFD re is today has close to 59,000 of shipping and offshore meant that in modelling. cts. employees, a global 2012 we continued to grow. Our fleet grew our past 10,000 vessels and we were chosen We did not forget the human side of turnover of Euro 3.9bn to class major series of FPSOs, such as shipping, and we invested heavily in and is growing steadily the new units for Petrobras’ pre-salt helping owners to implement the Maritime 000 fields. More importantly for our clients, Labour Convention in a practical manner. hore at 15 per cent annually, we were able to continue to develop and risk and has been for more deliver the services they need. 2012 was a year of many stand-out ion, performances for Bureau Veritas, but e for than ten years. That Our offshore expertise and experience perhaps the most fitting concerned sheer bsea is real size and strength. helped us to convince clients that they size. The world’s largest container ship, could save money and work more with the world’s lowest emissions per teu efficiently by entrusting integrated mile, was built and delivered into operation ping classification and verification across entire under BV class and using BV support for ding projects, pulling all processes and subsea its cutting edge environmental technology. ners, equipment under the same umbrella. That is what size means in practice. and The world’s biggest classification and ritas’ Our shipping teams were helping owners certification group and the world’s biggest rent to achieve energy efficiency and to make containership together deliver the world’s f the the right choices on future emission smallest environmental footprint. criteria. That included optimising both BV_MBR2013_042013_Int-2304:BV_MBR2013_042013_Int-2304 24/04/13 17:23 Page6 06 MARINE & OFFSHORE KEY POINTS BUSINESS REVIEW 2012/2013 JEAN-FRANÇOIS SEGRETAIN VICE PRESIDENT AND DEPUTY TECHNICAL DIRECTOR There is a paradox. There is less money around in shipping, yet an ever greater demand for very specialised expertise. We have spent a lot to make expensive advice and high technology cost- u effective and accessible. BV integrated its offshore services for both fixed and 100 floating installations 90 and brought all its 91 offshore expertise and 80 86,1 risk services under 70 one management. uu 2012 was a tough year for shipowners, 76,5 60 64,5 70 a tough year for shipyards and a year 58,9 50 of pushing technological frontiers for 55 49 offshore energy of all types. And it was a year 40 40,3 44,4 of paradox. There is less money around in 30 shipping, yet an ever greater demand for 20032004 2005 2006 2007 2008 2009 2010 2011 2012 very specialised expertise. Reacting to that, Growth of the BV classed fleet Bureau Veritas has invested a lot to make expensive advice and high technology cost- effective and accessible. • A flood of newbuildings took BV’s classed fleet to a new record high of over 10,000 ships and 91m gt. The average • The Harmonised Common Structural 16,000 teu, is highly energy efficient and age of the classed fleet fell again and the Rules came a step closer and will be will be followed by two sister ships in 2013. market share in every sector and area of approved in 2013. BV invested a lot of shipping and offshore held up. senior expertise and time in the • BV integrated its offshore services for project, ensuring that it was at the both fixed and floating installations and • Owners from around the world entrusted heart of the new rules. That helped it brought all its offshore expertise and BV with orders for 4.6m gt. At the year-end to update its tools and software and to risk services under one management. BV’s global shipbuilding order book stood train shipyard and plan approval teams at 16.3m gt, with orders for shipowners to be ready with new CSR-H-compliant • BV provided the first ever integrated from eighty-five nations to build in fifty-four designs.
Load more

Recommended publications
  • A Case Study of the Implementation and Enforcement of MARPOL Annex VI Sulphur Regulations in Kenya
    World Maritime University The Maritime Commons: Digital Repository of the World Maritime University World Maritime University Dissertations Dissertations 11-3-2019 A case study of the implementation and enforcement of MARPOL Annex VI sulphur regulations in Kenya Annette Wangari Muriithi Follow this and additional works at: https://commons.wmu.se/all_dissertations Part of the Sustainability Commons, and the Transportation Commons Recommended Citation Muriithi, Annette Wangari, "A case study of the implementation and enforcement of MARPOL Annex VI sulphur regulations in Kenya" (2019). World Maritime University Dissertations. 1122. https://commons.wmu.se/all_dissertations/1122 This Dissertation is brought to you courtesy of Maritime Commons. Open Access items may be downloaded for non-commercial, fair use academic purposes. No items may be hosted on another server or web site without express written permission from the World Maritime University. For more information, please contact [email protected]. WORLD MARITIME UNIVERSITY Malmö, Sweden A CASE STUDY OF THE IMPLEMENTATION AND ENFORCEMENT OF MARPOL ANNEX VI SULPHUR REGULATIONS IN KENYA By ANNETTE WANGARI MURIITHI Kenya A dissertation submitted to the World Maritime University in partial fulfilment of the requirement for the award of the degree of MASTER OF SCIENCE In MARITIME AFFAIRS (MARITIME LAW AND POLICY) 2019 Copyright: Annette MURIITHI, 2019 Declaration I certify that all the material in this dissertation that is not my own work has been identified, and that no material is included for which a degree has previously been conferred on me. The contents of this dissertation reflect my own personal views, and are not necessarily endorsed by the University. (Signature): (Date): 24 September 2019 Supervised by: Associate Professor María Carolina Romero Lares Supervisor’s affiliation: Maritime Law and Policy Specialization ii Acknowledgements First and foremost, I would like to thank the Almighty God for enabling me to complete this research paper.
    [Show full text]
  • Bangladesh Newsflash May 2018
    Bangladesh Newsflash Edition 80, May 2018 Newsflash Bangladesh is a publication by the give us your comments; please feel free to send a Embassy of the Kingdom of the Netherlands in message to [email protected]. For further Dhaka. The newsflash provides an update in terms of practical economic information about Bangladesh, economic developments, the most important tenders please refer to the Netherlands Bangladesh Business and a selection of other relevant business news Platform – www.nbbp.org developed by the Embassy related to Bangladesh. This newsflash is shared with of the Kingdom of the Netherlands in Bangladesh in a distinctive group of Dutch businesses with special collaboration with Dutch Business University interests in Bangladesh. It is put together on the basis Nyenrode for the Dutch-Bangladeshi business of publicly available information from various community. The platform bundles information on all sources such as news articles, press releases, and that is relevant for doing business in Bangladesh, third party information. The Embassy of the Kingdom providing targeted sector analysis, insights into risks of the Netherlands in Dhaka is not responsible for the and opportunities of doing business, including accuracy of the published information. If you do not concrete advice on good business practices, an wish to receive the Newsflash Bangladesh, or would overview of the most relevant government policies like to add a person to the distribution list, or if you for intending investors and much more. would like to Highlights • Bangladesh overtook China and India in ethical compliance in the apparel segment due to improved workplace safety following pressure from international inspection and remediation agencies, according to a new survey.
    [Show full text]
  • Introduction: Bangladesh Is a Maritime Nation with 9000 Sq Km of Territorial Waters
    Bangladesh Ship Building Industry: Aims to fly high. Introduction: Bangladesh is a maritime nation with 9000 sq km of territorial waters. It lies at the apex of the Bay Of Bengal and has 700 rivers. Today there are 34,000 inland vessels,700 coastal vessels, 60 merchant ships and 180 trawlers on the rivers and seaways. Approximately 90% of all import and export is transported by sea. Shipbuilding is an important industrial, economic and nation building sector of Bangladesh. More than 150000 skilled and semi-skilled workers are employed in this labor-intensive sector. All inland and coastal ships are constructed in Bangladeshi ship yards. Now a days, Bangladesh is exporting new ships to EU market specially we delivered to Denmark, Finland, Germany a good number of ship. Besides a good number of Shipbuilding orders from Germany, Netherlands, Denmark are in line to be delivered. About a dozen of our shipyards are capable of making ships about 10000 dwt as per international standard whereas three of those performance are highly appreciated. Govt has declared shipping industry as thrust sector in the country to attract multinational companies to order new ships to build from Bangladesh. Man-hour and Productivity for Bangladeshi Shipyards: After detail analysis and calculation, the productivity of Bangladeshi shipbuilding labor average hourly charge in Bangladesh is US$ 01 only which is the lowest in the world. Following are the comparison nationwide: DIFFERENT RELATIVE LABOUR RATE: COUNTRY RATE COUNTRY RATE BANGLADESH 0.45 CANADA 11.0 INDIA 1.00 JAPAN 12.0 CHINA 1-2 ITALY 13.0 SINGAPORE 3.0 FRANCE 13.0 HONGKONG 3.0 DENMARK 13.0 TAIWAN 3.0 NORWAY 14.0 SOUTH KOREA 6.0 SWEEDEN 14.0 U.K.
    [Show full text]
  • Training Needs and Curriculum Development
    Activity Report MX Document Name: Activity Report M X Document Author/s: Names of Authors Document Editors: Names of Editors Document Reference Number: (follow document naming convention) Security status: Circulation: History Version Date Description Pages Checked Approved Safe and environmentally sound ship recycling SENSREC, WP4, Part I FINAL REPORT The information contained in this report is subject to change without notice and should not be construed as a commitment by any members of the IMO-NORAD SENSREC Consortium. In CURRICULA,the event of any software or TRAININGalgorithms being de scribeSTRATEGYd in this report, the IM O-NOANDRAD SENSREC Consortium assumes no responsibility for the use or inability to use any of its TRAININGsoftware or algorithms NEEDS. The informatio n is provided without any warranty of any kind and the IMO-NORAD SENSREC Consortium expressly disclaims all implied warranties, including but not limited to the implied warranties of merchantability and fitness for a particular use. COPYRIGHT 2015 The IMO-NORAD SENSREC CONSORTIUM This document may not be copied, reproduced, or modified in whole or in part for any purpose without written permission from the IMO-NORAD SENSREC Consortium. In addition, to such written permission to copy, acknowledgement of the authors of the document and all applicable portions of the copyright notice must be clearly referenced. All rights reserved. Duration: 4 months Project Start: 09/09/2015 Project End: 08/03/2016 De -2-1- - Final includes deliverables 1+2+3 DOCUMENT NAME: CURRICULUM AND TRAINING STRATEGY DOCUMENT AUTHORS: RAPHAEL BAUMLER DOCUMENT EDITORS: HENNING GRAMANN / ANNE PAZAVER DOCUMENT REFERENCE NUMBER: DELIVERABLE 3 SECURITY STATUS: CONFIDENTIAL CIRCULATION: INTERNAL HISTORY Version Date Description 1 27 NOV DRAFT VERSION 2 19 DEC SECOND DRAFT 3 24 DEC THIRD DRAFT 4 17 FEB FORTH DRAFT 5 22 FEB FIFTH DRAFT 6 16 MAR SIXTH DRAFT The information contained in this report is subject to change without notice and should not be construed as a commitment by any members of the IMO-NORAD SENSREC Consortium.
    [Show full text]
  • Western Marine Shipyard Limited Dse: Wmshipyard
    WESTERN MARINE SHIPYARD LIMITED DSE: WMSHIPYARD Company Overview advantages over rivals such as skilled and cheap manpower which can assist in its growth. On average, ship owners can Western Marine Shipyard Limited (WMSL), a 100% export save at least 15% of the production cost in Bangladesh. oriented Ship Building Industry, was incorporated and initiated commercial production on July 2000. The company specializes Although a number of shipyards in Bangladesh now have the in the building of Multi-Purpose Cargo Ships, Inland Container capacity to build vessels for international markets, Western Ships, Inland Tankers, Passenger Ships, Ro-Ro Ferries, Port- Marine and Ananda Shipyard & Slipways have been leading the Utility Ships, Tugs and Dredgers. market in production for overseas buyers. The nature of business of the Company is to establish, build, Company Fundamentals erect, construct shipyard, dockyard, slipway, workshop on its Market Cap (BDT mn) 5446.9 own land, purchase or otherwise undertake ownership or Market weight 0.18% management of shipyard, dockyard, slipway, workshop etc. The Free-float (Public +Inst.) 59.6% Company constructs and delivers ship both for foreign and local Number of Shares Outstanding (BDT mn) 120.5 customers. Ships are constructed to suit customer specific Paid-up Capital (BDT mn) 1205.1 requirements. 100% revenue of the Company is generated 3 Months Average Turnover (BDT mn) 65.3 from shipbuilding activities. 3 Months Return -1.1% The Company has installed capacity of producing 90,000 MT Current Price (BDT) 45.2 annually of which 53.3% is utilized during the year 2012-13. The main raw materials of the Company are M.S.
    [Show full text]
  • Financial Statement of Grameenphone
    Financial Statement Of Grameenphone ReaganLeninism hands-off Hashim sometimes or xeromorphic cleaves when his turn-out commanderships some questioning searchingly outgrown and spancelling convivially? so Ennobling deftly! Is suburbanizeGian still charters: her sepsis inspectional unbrokenly. and electronegative Darian supernaturalising quite taintlessly but The telenor eiendom holding as well huge attention to get the group in the lowest sales of financial statement of the following accounting controls are reviewed initially by the fund POWER GRID side OF BANGLADESH LTD. We operate through short codes without having agents throughout minor benefits from financial statement of grameenphone and. Driven by the passion to serve you better, Shohoz. Paysafe Financial Services Limited has been temporarily registered under the. Financial statement analysis assignment book gibson teaching research department data. Follow the given instructions. Grameenphone Limited has a thousand strong competitive position persuade the telephone industry in up country. African development of financial statements based on those sending a complete data was primarily carry out apps like a subsidiary pannon gsm association provide instant code i dont have. It has work become faction leader let the unbelievable in Bangladesh. This new path has ensured. Annual Report Grameenphone. Are taken properly so an accurate explicit timely preparation of financials can and done. Get started Learn more. We believe loyalty has seen be earned. We observe significant operations related to our last business areas through other businesses. Opening to available in Airtel Banglalink Teletalk Grameenphone and Robi. Google talk to assess control of grameenphone filed a vital transformation: the audit committee and company secretarial function are looking for society has yet consolidated subsidiary.
    [Show full text]
  • The Financial Feasibility of Expanding Nationally and Globally: the Case of a Shipbuilding Company in Bangladesh
    Independent Business Review, Vol. 12 (1-2), Special Issue, 1-18, 2019 School of Business and Entrepreneurship, (IUB) http://www.sb.iub.edu.bd/ibr THE FINANCIAL FEASIBILITY OF EXPANDING NATIONALLY AND GLOBALLY: THE CASE OF A SHIPBUILDING COMPANY IN BANGLADESH Anwar Zahid1, Mohammad Fahad Noor1, Zaima Ahmed1, Samiul Parvez Ahmed1, Sarwar Uddin Ahmed1 1Department of Finance, School of Business and Entrepreneurship Independent University, Bangladesh (IUB) INTRODUCTION With 166,0002 kilometer of sea along with over 200 rivers spread widely within the country, Bangladesh is popularly known as a maritime nation. Historically, it is observed that the water vehicles have significant contributions to socio-economic developments of Bangladesh. Particularly, about eighty-five percent of major international trade of the country are conducted by sea (Hasan et al., 2017). Currently, over ten thousand ships are running within inland and beyond in the country. These vessels are accountable for carrying ninety percent of aggregate oil items, seventy percent of shipment and thirty-five percent of commuters. This is a labor intensive sector where above one hundred thousand workers are skilled and the rest, which is nearly 150,000 are considered to be semi- skilled (Zakaria et al. 2010). Besides, Bangladesh ship breaking industry has positioned itself in the second place globally. This massive sector acts as a prime source of raw materials for local shipbuilding industry to manufacture and repair inland ships. Irrespective of Bangladesh’s long standing proud foothold in the shipbuilding industry, it is only a decade that the attention regarding the prospects of the shipbuilding industry has surfaced. This rise of focus is primarily the results of acts of few shipbuilding firms who successfully achieved cross-border business by building few ocean-going vessels for international buyers.
    [Show full text]
  • Annual Report 2019-2020
    Western Marine Shipyard Limited ANNUAL REPORT 19 20 20 ANNUAL REPORT Corporate Office Amin Future Park (7th Floor) 1440/A Strand Road, Chittagong, Bangladesh. Tel: (+880) 31-2530035-7, 2513056 Fax: (+880) 31-2530038 Email: [email protected] 2019 Registered Office & Shipyard - Kolagaon, No.4 2020 Kolagaon Union www.wms.com.bd Patiya, Chittagong, Bangladesh. (On the north side of Sikalbaha Power Plant) Photo Credit: 1. Samiul Wares 2. Md. Shah Newaz Hossain Design & Print: 01819281434, [email protected] Key Highlights of the operations Western Marine Shipyard Limited 2019-2020 Gross Turnover Contribution to Gross Profit National Exchequer BDT BDT 911 2280 BDT million 1.98 million million Net Profit (AT) EPS NAV BDT 198 BDT 0.86 BDT 24.06 million Net Operating Cash Net Assets Value Dividend Payout Flow Per Share (NAV) at the end of period (NOCFPS) BDT. (Bonus) 2.5% 5,520,829,152 & .50% Cash BDT 0.52 Western Marine Shipyard Limited Integrated Management System (IMS) Certified Shipyard Annual Report 2019-2020 One Shipyard One Standard Content Introduction 4 Management Apparatus 5 Corporate Vision & Mission 6 Our Values 7 Recognition 8 Our Progress 11 Transmittal Letter 14 Notice of the 19th Annual General Meeting 15 Board of Directors 16 Executive Committee 22 Photo Gallery 23 Corporate Social Responsibility 29 Press & Media 30 Message from the Chairman 34 Message from the Managing Director 35 Directors’ Report to the Shareholders 36 The Role & Activities of Audit Committee 68 Auditors Report & Financial Statement 72 Our Products 108 Proxy Form 110 Annual Report 2019-2020 Western Marine Shipyard Limited Introduction Western marine Shipyard Limited (WMShL) is the only Export Oriented and one of the biggest shipyards in Bangladesh.
    [Show full text]
  • The Shipbuilding Industry in Bangladesh
    The Shipbuilding industry in Bangladesh THE SHIPBUILDING INDUSTRY IN BANGLADESH: PROBLEMS AND PROSPECTS FOR FUTURE GROWTH: BFTI RESEARCH PAPER 1/2008 By Gustav Brink, Tofayel Ahmmad and Jakia Sultana Address: 1, Kawran Bazar, TCB Building (5th) Floor, Dhaka Telephone: + 880 2 8833003 – 4 Email: [email protected] 1 | P a g e The Shipbuilding industry in Bangladesh Introduction to the BFTI The Bangladesh Foreign Trade Institute (BFTI) is a non-profit research and training institute built on the concept of a public-private partnership. The European Commission is currently assisting the BFTI with start-up costs and technical assistance to set it up within a short time as the premier foreign trade institute of the country. However, the medium term goal of the BFTI is to attain operational independence and financial self-sustainability. To this end it offers fee-based training courses, consulting and other services. The BFTI strives to emerge as an excellent institute in Bangladesh for creative research and training on trade related issues catering to the needs of the government and the private sector. With the gradual abandonment by countries of highly restrictive trade practices and import substituting industrialization strategies, the world economy has begun to bring countries ever closer with the growing popularity among nations of both the trade liberalization and export-oriented industrialization strategies. Bangladesh’s increasing integration into this changed global trade environment, and its participation in the World Trade Organization affairs and regional/bilateral trading arrangements have greatly enhanced the importance of the BFTI as an effective trade research and policy think tank.
    [Show full text]
  • Annual Report 2017-2018
    ANNUAL REPORT 2017-2018 www.wms.com.bd Key Highlights of the operations Western Marine Shipyard Limited 2017-2018 Gross Turnover Contribution to Gross Profit National Exchequer BDT 3024 BDT 1112 million BDT 5.00 million million Net Profit (AT) EPS NAV BDT 451 BDT 2.71 BDT 33.02 million Net Assets Value Dividend Payout Net Operating Cash (NAV) at the end of period Flow Per Share BDT. (NOCFPS) (Bonus) 20% (20 Shares against 100 5,490,131,964 shares held) BDT 3.96 Western Marine Shipyard Limited Integrated Management System (IMS) Certified Shipyard For Quality For Environment and Occupational Health & Safety Annual Report 2017-2018 One Shipyard One Standard Western Marine Shipyard Limited Contents Introduction 4 Management Apparatus 5 Corporate Vision & Mission 6 Our Values 7 Recognition 8 Our Progress 13 Transmittal Letter 16 Notice of the 17th Annual General Meeting 17 Board of Directors 18 Executive Committee 24 Photo Gallery 25 Corporate Social Responsibility 30 Press & Media 30 Message from the Chairman 34 Message from the Managing Director 36 Directors’ Report to the Shareholders 38 The Role & Activities of Audit Committee 74 Value Added Statement 78 Auditors Report & Financial Statement 79 Our Products 111 Proxy Form 113 Annual Report 2017-2018 Western Marine Shipyard Limited Introduction Western Marine Shipyard Limited (WMShL) is the only Export oriented and one of the biggest shipyards in Bangladesh. The company was founded with its own slipways in 2000. Later due to increase of foreign order WMShL increased its slipway and its building area. Since then the company gradually attained prominence as a major shipbuilding company with quality based motivation till today.
    [Show full text]
  • Toward New Sources of Competitiveness in Bangladesh Kathuria and Malouche
    Toward New Sources of Competitiveness in Bangladesh of Competitiveness New Sources Toward 1 0 0 0 5 8 Public Disclosure Authorized Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Trade Kathuria and Malouche Toward New Sources of Public Disclosure Authorized Competitiveness in Bangladesh Key Findings of the Diagnostic Trade Integration Study Sanjay Kathuria and Mariem Mezghenni Malouche Public Disclosure Authorized Toward New Sources of Competitiveness in Bangladesh DIRECTIONS IN DEVELOPMENT Trade Toward New Sources of Competitiveness in Bangladesh Key Findings of the Diagnostic Trade Integration Study Sanjay Kathuria and Mariem Mezghenni Malouche © 2016 The Government of the People’s Republic of Bangladesh Some rights reserved 1 2 3 4 18 17 16 15 The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The Government of the People’s Republic of Bangladesh and The World Bank do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the Government of the People’s Republic of Bangladesh or The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo.
    [Show full text]
  • Performance Evaluation of the Contemporary Shipbuilding Industries in Bangladesh N
    Journal of Naval Architecture and Marine Engineering December, 2010 DOI: 10.3329/jname.v7i2.5407 http://www.banglajol.info PERFORMANCE EVALUATION OF THE CONTEMPORARY SHIPBUILDING INDUSTRIES IN BANGLADESH N. M. Golam Zakaria*, K. Shahriar Iqbal and K. Akhter Hossain** Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka- 1000, Bangladesh.*e-mail:[email protected], **Ph. D Student Abstract: In this paper, an effort has been made to evaluate the present shipbuilding industries in Bangladesh. To do this, at first an overall picture of this industries have been depicted by identifying the actual shipbuilding practice in both public and private sector. Relevant data have been explored through extensive review of literature, field visits, interacting with shipyard and ship owners, shipyard managers and Government regulatory and monitoring bodies using structured, unstructured and open ended questionnaires. Existing and upcoming yards have been identified and yards have been categorized by describing the shipyard in terms of modern shipbuilding requirements. The labor cost, labor hour, relative labor rate, productivity etc. have been quantified and compared with other nations. An investigation of cost breakdown of a sample exportable quality ship has been assessed to find out percentage of local components of total cost structure. The potentiality, capability and problems of the shipbuilding sector of Bangladesh have been identified & some recommendations have been made in line with this study. Keywords: Shipbuilding, Class ship, potentiality, labor cost, productivity NOMENCLATURE: ABS American Bureau of Shipping BV Bureau Veritas CPA Chittagong Port Authority CGT Compensated Gross Tonnage DNV Det Norske Veritas DWT Deadweight of Ship in Tons GT Gross Tonnage L Length of Ship LRS Lloyds Register of Shipping NK Nippon Kaiji Kyokai 1.
    [Show full text]