Business

Pandemic no setback for Bangladesh’s soaring ship industry

Country’s gross domestic product grew by 8.2% last year and the hit from the coronavirus pandemic is expected to be less severe than in other developing economies

Updated 5 years ago · Published on 22 Nov 2020 11:00AM

Pandemic no setback for Bangladesh’s soaring ship industry
In this picture taken on November 16, 2020 dockyard workers carry maintenance works on ships in the banks of the Buriganga River in Char Kaliganj on the outskirts of Dhaka.  – AFP Pic, November 22, 2020

CHAR KALIGANJ, Bangladesh – Work is booming at Bangladesh's largest shipyard – quite literally. It’s difficult to hear anything over the cacophony of banging hammers and crackling sparks, proof the industry has withstood the economic shockwaves wrought by the coronavirus pandemic.

In this nation of 168 million people, much of the low-lying land is accessed via boat. Rivers are Bangladesh's lifeblood, and strong economic growth in recent years has fueled more investments in new and bigger ships.

Every corner of the Char Kaliganj yard is filled with vessels under repair, and the air is thick with the acrid smell of oil and chemicals. 

“The dockyards were closed in... the coronavirus lockdown. But now business is booming,” worker Abul Kashem, 66, told AFP, saying he has never seen the yard south of Dhaka busier.

The 15,000 workers sometimes toil seven days a week to meet the demand, said Masud Hossain Palash, who heads the Bangladesh Dockyard and Shipyard Owners Association.

“Well into the 1980s, these dockyards would only make... one-storey or one-and-a-half storey wooden ferries,” Kashem recalled. Now their work includes oil tankers and bulk carriers. 

The shipyard sector has soared on the back of the strong economy, together with the textile industry which has made Bangladesh the world’s second-largest garment exporter. 

Gross domestic product grew by 8.2% last year and the hit from the coronavirus pandemic is expected to be less severe than in other developing economies.

Bangladesh’s gross domestic product per capita is also expected to surpass that of its giant neighbour India this year, according to the International Monetary Fund.

But there is a dark side, with campaigners warning of the continued use of child workers and poor labour law enforcement.

Children in the shipyards are paid just a fraction of the wages that adults receive and also face the risk of injury and death, activists said. – AFP, November 22, 2020

Related News

Malaysia / 3h

Malaysia records 6% GDP growth in Q2 despite global headwinds, says Sim

Malaysia / 6d

Six per cent growth proves Malaysia's economy remains resilient - PM

Business / 1w

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Opinion / 1w

LHDN’s uneven hand: Tough on MSMEs, soft on the shadows

Opinion / 2w

Lessons From Negeri Sembilan - Charles Santiago

Opinion / 2w

The last dredge

Spotlight

Malaysia

Private university CFO charged over alleged RM6.56m CBT

World

Unleashed 60kg dog in Hong Kong mauls poodle, bichon frise to death (video)

Malaysia

Three family members killed after Immigration truck runs red light

Malaysia

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Opinion

Has DAP chosen the path to a slow death?

Malaysia

Three years of bullying at school puts 15-year-old at risk of hearing loss

By Alfian Z.M. Tahir

Malaysia

Police officer's wife cries, pleads for leniency after misusing disabled child's account

Malaysia

Organised cybergroups likely behind rise in racial hate on social media

You may be interested

Business

Oil prices hold above US$84 as Middle East tensions persist

Business

Independent review needed, not blind denial, to address US claims – maritime expert

Business

Oil prices surge as US-Iran standoff, Ukraine strikes rattle global energy markets

Business

FMM urges input tax credits as government reviews GST features for SST

Business

Tey Por Yee and four others ordered to pay RM103.75m in SC civil suit