Shipbuilding is one of the growing industries which have created thousands of jobs and contributed to increasing the export earnings. Local shipbuilders are now able to build a diversified range of vessels which include multipurpose vessel, fast patrol boat, container vessel, tanker, dredging barge, ferry, passenger vessel, landing craft, tourist ship, tugboat, supply barge, deck loading barge, pleasure craft, crane boat, speed boat, deep-sea trawler, self-propelled barge, inspection vessel, cargo coaster, troops carrying vessel, double-decker passenger vessel, hydrographic survey boat, pilot boat, hospital ship, and water taxi.
Bangladesh made marine vessels are already exported to several countries in the EU, North America, Africa, Middle-east and Asia. According to industry insiders, Bangladesh has a great potential to emerge as a strong competitor in the small to medium size ocean going segment as global industry leaders China, South Korea and Japan are primarily focused on larger container ships and tankers.
Shipbuilding industry is heavily dependent – over 80% for export or ocean-bound vessels and 50-60 percent for inland waters – on imported materials and components such as generator, transformer, different parts of the engine, furniture etc. Steel pipe, plate, angle, paint, cable are usually sourced from the local market.