Bangladesh: Khulna Shipyard Signs Contract to Construct Two Oil Tankers

Khulna Shipyard will construct two oil tankers . The construction work will start soon. Meanwhile a contract has been signed with Khulna Shipyard and two companies.

Earlier, Khulna Shipyard has started the construction work of five patrol crafts.
United Shipping Line and Global International Limited have ordered the Khulna Shipyard to make oil tankers. A contract has been signed on June 19. The two oil tankers  will be completed by June 2012 and the length and width of the ships will be of 70 meters by 11.5 meters.
Earlier, Prime Minister Sheikh Hasina formally inaugurated the construction work of five patrol crafts of 50 meters by 7 meters with the optimum speed of 20/25 miles per hour. Bangladesh Navy will use these ships. Two kinds of guns will be set up in the ships to conduct operational activities.
Located on the bank of the River Rupsa, the shipyard was established in 1957 and after the independence it was handed over to the state-run Bangladesh Steel and Engineering Corporation (BSEC) in 1972. But the shipyard started incurring losses after 1980.
Considering the economic prospect, later on, Bangladesh Navy was given the responsibility of running it on October 3, 1999. Shortly after the takeover under a bailout plan, the shipyard started making a turnaround into a profitable enterprise.
According to sources in the Khulna Shipyard Limited (KSY) company, some 650 ships have been built and renovated while 1,800 repaired at the yard in last 47 years.
The shipyard is now able to build modern patrol craft, inland and coastal workboats, harbour/coastal and sea-bound tugs, barges, ferries, landing crafts, crane barges, hydrographic survey vessels, buoy-handling vessels, search and rescue boats, cargo vessels, tankers and other kinds of vessels.