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24 April, 2018 00:00 00 AM
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China-built ship to join BSC’s fleet on July 5

Staff Reporter
China-built ship to join BSC’s fleet on July 5

MV Banglar Joyjatra, a ship built in China, will be added to the Bangladesh Shipping Corporation's (BSC's) fleet on July 5. This is the first addition to the fleet after 27 years. Earlier, the government had decided to procure six new vessels, at a cost of Tk. 1,843 crore, from China for the BSC. Of the total procurement cost, Tk. 1,448 crore will be provided by the Chinese government and Tk. 395 crore will come from the BSC's own funds.

Of the six vessels, three are oil tankers and three bulk carriers. Each vessel will have a capacity of 39,000 deadweight tonnage (DWT). The vessels are now under construction at Jiangsu New Yangzi shipyard in China’s Jiangsu province. A five-member delegation, led by shipping minister Shajahan Khan, left Dhaka for China yesterday (Monday) night. The other members of the team are BSC managing director Commodore Yahya Syed, shipping ministry additional secretary MM Tariqul Islam, joint chief Rafiq Ahmed Siddiquee and BSC director (Technical) Mohammad Sayed Ullah.

The minister will attend a function on the occasion of naming and launching of MV Banglar Joyjatra on April 24 (today).  The ship will arrive in Bangladesh on May 5, shipping ministry sources said.

MV Banglar Joyjatra has been built by China National Machinery Import and Export Corporation (CMC) at its Jiangsu New Yangzi Shipbuilding Co., Ltd shipyard, in China’s Jiangsu province.

According to the ministry sources, of the remaining five ships, four will arrive in Bangladesh this year and one next year.  The oil tankers will be used for the Bangladesh Petroleum Corporation (BPC) to transport imported purified oil from abroad, the sources said, adding that the bulk carriers will be used for transporting open goods, fertiliser and coal for the power plant at Rampal.

The ECNEC approved the project on July 7, 2015. The Purchase Committee of the Cabinet approved the proposal of the BSC for procurement of six vessels at a cost of USD 184.50 million from China on March 4, 2015.

The BSC signed an agreement with the China National Machinery Import and Export Corporation (CMC) to procure the six vessels in Dhaka on April 30, 2014 in order to make the state-owned organisation a profitable one.

According to the sources, the China Exim Bank has agreed to provide the concessional loan under government to government basis at a very lower interest rate.

The interest of the Chinese loan is very low, around 2 per cent, the sources said. A memorandum of understanding (MOU) was signed with the CMC in Beijing on June 15, 2012 when the Bangladesh Prime Minister visited China. The fleet of the BSC is declining gradually. After the liberation, the BSC had more than 38 ships. But now it has only two vessels that are sailing after expiry of their economic life, with frequent repair after each voyage.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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