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Ananda to export its eighth ship

Ananda to export its eighth ship
Ananda will formally hand over the 'Stella Moon' to Denmark-based Stella Shipping P/S on Sunday at the company's office at Meghnaghat in Narayanganj, said Managing Director of the company Afruja Bari at a press conference in the capital.

Ananda to export its eighth ship

Ananda Shipyard and Slipways Ltd, one of the leading local shipbuilders, is going to sell its eighth ship to a Danish buyer at $7.5 million, marking an important milestone in the country's emerging shipbuilding industry, said a senior official of the company yesterday.

Ananda will formally hand over the 'Stella Moon' to Denmark-based Stella Shipping P/S on Sunday at the company's office at Meghnaghat in Narayanganj, said Managing Director of the company Afruja Bari at a press conference in the capital.

Afruja said Industries Minister Dilip Barua is expected to handover the ship to its buyer at a function at Meghnaghat as the chief guest.

Earlier Ananda exported its first ship Stella Maris to another Danish company at $6 million on May 5 last year and six others to the Mozambique government at $6.2 million on November 13, said the company officials.

Talking to The Daily Star, the officials of the company also said they are now building 10 ships of which six have been ordered by Komorowski and four others by Wessell, two German companies.

"We hope to deliver the ships within the next three years as the construction works are going on in full swing," said a company official.

He said Ananda Shipyard is receiving a good number of orders from Denmark, China and Vietnam as they consider Bangladesh as a cost-effective destination for shipbuilding for its cheaper labour and lower production costs.

Afruja said Stella Moon has 64 TEUs (twenty-foot equivalent units) container carrying capacity with 2,950 deadweight tonnages.

Deadweight tonnage, also known as deadweight (DWT), is a measure of how much mass or weight of cargo or burden a ship can carry safely.

Afruja urged the government to give a 30 percent cash incentive to the shipbuilding industry, scrap the bank guarantee system for importing raw materials, exempt L/C (letter of credit) confirmation costs and give working loan as working capital at seven percent interest rate.

www.TurkishMaritime.Com.tr

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