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Western Marine is a bankrupt company that had its assets confiscated and auctioned. It is one of the largest loan defaulters in Bangladesh. It has been financially mismanaged. Included details of this scandal and financial irregularities.
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{{speculation|date=July 2023}}
{{speculation|date=July 2023}}
{{Advert section|date=July 2023}}
{{Advert section|date=July 2023}}
{{Infobox company
'''Western Marine Shipyard Limited''' is a [[Public company|publicly listed]] [[shipbuilding]] company standing with over 42 acres of land beside the [[Karnaphuli|Karnaphuli River]] in [[Chattogram]], [[Bangladesh]].<ref>{{Cite web|url=https://www.dsebd.org/displayCompany.php?name=WMSHIPYARD|title=Display Company Information|website=www.dsebd.org|access-date=2018-07-24}}</ref><ref>{{Cite news|url=https://www.thedailystar.net/business/western-marine-hands-over-18m-vessel-built-kenya-1448206|title=Western Marine hands over $18m vessel built for Kenya|date=2017-08-14|work=The Daily Star|access-date=2018-07-24|language=en}}</ref> In the past, the [[shipyard]] has constructed various types of [[wikt:vessel|vessel]]s, including [[Cargo ship|ocean-going multi-purpose cargo vessels]], [[Passenger ship|passenger vessels & boats]], [[oil tanker]]s, [[Roll-on/roll-off|ro-ro ferries]], [[Pontoon bridge|pontoons]], [[barge]]s, [[fishing trawler]]s, [[Dredging|dredgers]], [[Tugboat|tug boats]], and [[Container ship|container vessels]].<ref name=":3">{{Cite journal|last=Ahmed|first=Muzaffar|date=Summer 2018|title=Credit Rating Report on Western Marine Shipyard Limited|url=https://www.sec.gov.bd/ipoprospectus/Western_Marine_Shipyard_Limited.pdf|journal=Security and Exchange Commission Bangladesh|pages=142–153}}</ref> The company is no longer operating like before due to its history of loan defaults, financial scandals, and corruption, and its assets have been put on auction.<ref>{{Cite web |date=2023-09-09 |title=Western Marine Shipyard assets put on auction |url=https://www.tbsnews.net/economy/stocks/western-marine-shipyard-put-auction-697654 |access-date=2024-04-19 |website=The Business Standard |language=en}}</ref>
| name = Western Marine Shipyard Limited
| logo = Western marine shipyard logo.png
| caption =
| type = [[Public Limited Company]]
| traded_as = {{plainlist|
* {{Dse|WMSHIPYARD}}
* [[Chittagong Stock Exchange|CSE]]: [https://www.cse.com.bd/market/market_depth/WMSHIPYARD WMSHIPYARD]}}
| fate =
| predecessor =
| successor =
| foundation = {{Start date|2000|07|11}}
| founder =
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| location_city = Chattogram
| location_country = Bangladesh
| location = 1440/A Strand Road, Chattogram-4100, Bangladesh.
| locations =
| area_served = Worldwide
| key_people = Md. Saiful Islam {{small |(Chairman)}}<br />Capt. Sohail Hasan {{small |(Managing Director)}}
| industry = [[Shipbuilding]]
| products = {{hlist|Multipurpose Cargo Ships|Cargo Vessels|Tugboats|Tankers|Ferries|Port Utility Vessels|Passenger Ships|Fishing Trawlers|and many more}}
| services = [[Shipbuilding]] and [[repair]].
| revenue = {{increase }}[[$]] 40 million (2018)<br/>
{{decrease }}[[$]] 27 million (2019)
| operating_income = {{increase }}[[$]] 11 million (2019)
| net_income = {{increase }}[[$]] 10 million (2019)
| assets = {{increase }}[[$]] 264 million (2019)
| equity =
| owner =
| num_employees = 3500
| parent =
| divisions =
| subsid =
| homepage = {{URL|wms.com.bd}}
| footnotes =
| intl =
}}


'''Western Marine Shipyard Limited''' is a [[Public company|publicly listed]] [[shipbuilding]] company standing with over 42 acres of land beside the [[Karnaphuli|Karnaphuli River]] in [[Chattogram]], [[Bangladesh]].<ref>{{Cite web|url=https://www.dsebd.org/displayCompany.php?name=WMSHIPYARD|title=Display Company Information|website=www.dsebd.org|access-date=2018-07-24}}</ref><ref>{{Cite news|url=https://www.thedailystar.net/business/western-marine-hands-over-18m-vessel-built-kenya-1448206|title=Western Marine hands over $18m vessel built for Kenya|date=2017-08-14|work=The Daily Star|access-date=2018-07-24|language=en}}</ref> The [[shipyard]] has constructed various types of [[wikt:vessel|vessel]]s, including [[Cargo ship|ocean-going multi-purpose cargo vessels]], [[Passenger ship|passenger vessels & boats]], [[oil tanker]]s, [[Roll-on/roll-off|ro-ro ferries]], [[Pontoon bridge|pontoons]], [[barge]]s, [[fishing trawler]]s, [[Dredging|dredgers]], [[Tugboat|tug boats]], [[Container ship|container vessels]], etc.<ref name=":3">{{Cite journal|last=Ahmed|first=Muzaffar|date=Summer 2018|title=Credit Rating Report on Western Marine Shipyard Limited|url=https://www.sec.gov.bd/ipoprospectus/Western_Marine_Shipyard_Limited.pdf|journal=Security and Exchange Commission Bangladesh|pages=142–153}}</ref> It owns an 89 percent share of Bangladesh's shipbuilding market.<ref name=":5" /> The company is listed on [[Dhaka Stock Exchange|Dhaka]]<ref>https://www.dsebd.org/displayCompany.php?name=WMSHIPYARD</ref> and [[Chittagong Stock Exchange]].<ref>https://www.cse.com.bd/company/companydetails/WMSHIPYARD</ref>
== Loan Default History and Financial Scandals ==
Unlike before, Western Marine Shipyard Limited does not operate its shipbuilding business. The company has been recognized as one of the top loan defaulters of Bangladesh. Due to financial scandals and repeated defaults of loans, the assets of Western Marine Shipyard has been put on auction.<ref>{{Cite web |date=2023-09-09 |title=Western Marine Shipyard assets put on auction |url=https://www.tbsnews.net/economy/stocks/western-marine-shipyard-put-auction-697654 |access-date=2024-04-19 |website=The Business Standard |language=en}}</ref>


==History==
In addition, Western Marine Shipyard Limited has been sued by various parties in Bangladesh due to breach of contract, loan defaults, corruption, and financial mismanagement.<ref>{{Cite web |title=Itembuz {{!}} Home |url=https://www.itembuz.com/portal_news/western-marine-shipyard-s-auction- |access-date=2024-04-19 |website=www.itembuz.com |language=en}}</ref> In 2023, Western Marine Shipyard defaulted on 939 Crore BDT of loans from National Bank Limited.<ref>{{Cite web |last=Messenger |first=The Daily |title=Western Marine defaults Tk 939cr |url=https://www.dailymessenger.net/country/news/4571 |access-date=2024-04-19 |website=The Daily Messenger |language=en}}</ref> Furthermore, also in 2023, it was reported that Western Marine Shipyard defaulted on 1500 Crore BDT of loans from three different Bangladeshi banks, which in turn bankrupted the company.<ref>{{Cite web |title=Western Marine Shipyard defaults on Tk1,500cr to 3 banks |url=https://businesspostbd.com/national/western-marine-shipyard-defaults-on-tk1500cr-to-3-banks |access-date=2024-04-19 |website=businesspostbd.com |language=en}}</ref>

==Management History==
The parent company, Western Marine Services, was formed by a group of marine professionals specialized in ship repairs and the export of marine supplies.<ref name=":4">{{Cite web |last=www.trusteddocks.com |title=Shipyard - WESTERN MARINE SHIPYARD LIMITED, Chittagong |url=https://www.trusteddocks.com/shipyards/5052-western-marine-shipyard-limited |access-date=2018-07-24 |website=www.trusteddocks.com |language=en}}</ref>
The parent company, Western Marine Services, was formed by a group of marine professionals specialized in ship repairs and the export of marine supplies.<ref name=":4">{{Cite web |last=www.trusteddocks.com |title=Shipyard - WESTERN MARINE SHIPYARD LIMITED, Chittagong |url=https://www.trusteddocks.com/shipyards/5052-western-marine-shipyard-limited |access-date=2018-07-24 |website=www.trusteddocks.com |language=en}}</ref>


Line 16: Line 50:
Western Marine is constructing 20 class certified [[Cargo ship|cargo vessels]] for local company Evergreen Shipping Line. <ref>{{Cite news|url=https://www.thedailystar.net/business/s-alam-group-buy-20-ships-tk-250cr-1395436|title=S Alam Group to buy 20 ships at Tk 250cr|date=2017-04-24|work=The Daily Star|access-date=2018-07-26|language=en}}</ref>
Western Marine is constructing 20 class certified [[Cargo ship|cargo vessels]] for local company Evergreen Shipping Line. <ref>{{Cite news|url=https://www.thedailystar.net/business/s-alam-group-buy-20-ships-tk-250cr-1395436|title=S Alam Group to buy 20 ships at Tk 250cr|date=2017-04-24|work=The Daily Star|access-date=2018-07-26|language=en}}</ref>


In 2019, Captain Sohail Hasan took over as [[Chief executive officer|Managing Director (MD)]] of the company, and Sakhawat Hossain was removed as the company's MD due to the financial scandals, corruption, and loan defaults that negatively impacted Western Marine Shipyard.<ref>{{Cite news |url=https://www.observerbd.com/details.php?id=202932|title=Sohail Hasan WMS new MD - Business - observerbd.com|work=The Daily Observer|access-date=2019-06-19}}</ref><ref>{{Cite news |url=https://www.daily-sun.com/printversion/details/400562|title=Captain Sohail made MD of WMShL|work=Daily Sun|language=en|access-date=2019-06-19}}</ref> As a result, Sakhawat Hossain now works at SS Trading.<ref>{{Cite web |title=Contact – Engr Md. Sakhawat hossain |url=https://www.sakhawathossain.com/contact/ |access-date=2024-04-19 |language=en-US}}</ref>
In 2019, Captain Sohail Hasan took over as [[Chief executive officer|Managing Director (MD)]] of the company.<ref>{{Cite news |url=https://www.observerbd.com/details.php?id=202932|title=Sohail Hasan WMS new MD - Business - observerbd.com|work=The Daily Observer|access-date=2019-06-19}}</ref><ref>{{Cite news |url=https://www.daily-sun.com/printversion/details/400562|title=Captain Sohail made MD of WMShL|work=Daily Sun|language=en|access-date=2019-06-19}}</ref>

==Shipyard facilities==
The shipyard utilizes workshops, logistical resources, and equipment to build ships. The yard stands over 42 acres of land and employs a workforce of over 3500 altogether.<ref name=":0">{{Cite thesis |last=Zahan |first=Tasnima |title=Exposition of Aspiration: Shipbuilding Journey Through Design |date=Fall 2016 |publisher=BRAC University |type=Bachelor of Architecture |pages=58–66 |hdl=10361/7905}}</ref>

The following are some of the shipyard's facilities:<ref name=":0" />
* [[Bonded warehouse]]
* [[Blasting machine|Blasting shop]]
* [[Computer Numerical Control|Computer Numerical Control(CNC)]] shop
* [[Mechanical engineering|Mechanical]] and [[Carpentry]] shop
* Fabrication yard and shed
* [[Gantry crane]]
* Healthcare facilities

==Health and safety==
{{Advert section|date=July 2023}}

In conjunction with the [[Deutsche Gesellschaft für Internationale Zusammenarbeit]] (GIZ) Western Marine set itself to analyze the risks and hazards their workers faced.<ref name=":1">{{Cite news |last=Evans |first=Ruth |date=2014-01-02 |title=Bangladesh shipbuilder sets benchmark in health and safety standards |url=https://www.theguardian.com/global-development/poverty-matters/2014/jan/02/bangladesh-shipbuilder-health-safety-standards |newspaper=the Guardian |language=en |access-date=2018-06-26}}</ref> Through this, strict reporting procedures were established, and training was provided for managers and workers; including annual firefighting training.<ref name=":3" /> Western Marine has seen a 99% reduction in accidents for the addition of new services and procedures.<ref name="ds28May2014">{{Cite news|url=https://www.thedailystar.net/western-marine-shows-path-to-worker-safety-25937|title=Western Marine shows path to worker safety|date=2014-05-28|work=The Daily Star|access-date=2018-06-28|language=en}}</ref>

The shipyard contains a PHCC (Primary Health Care Center), which was created in coordination with the [[Deutsche Gesellschaft für Internationale Zusammenarbeit|GIZ]] and the Bangladesh Ministry of Health and Family Welfare. In this free-of-charge facility, shipyard workers are given tests for their hearing, lungs, and total physical checkups. This facility was available for use, and workers received aid and treatment. The government Health Ministry provided a [[nurse]] in addition to the [[Physician|doctor]] and [[paramedic]]s that are provided by the shipyard. This facility is also accessible to the local community, where more than 30,000 people, including many of the workers and their families, live.<ref name="ds28May2014" />

== Awards and certifications ==
Western Marine Shipyard has received a few awards, including the ''National Maritime Award'' in 2007,<ref>{{Cite news|url=https://www.thedailystar.net/news-detail-11001|title=Western Marine Shipyard gets nat'l maritime award|date=2007-11-10|work=The Daily Star|access-date=2018-06-28|language=en}}</ref> the ''National Export Trophy'' in Gold category for the contribution of the [[fiscal year]] of 2011,<ref name=":2">{{Cite news|url=http://www.thebangladeshpost.com/national/19729/pdf|title=Ship Export To Fetch Billions|last=Khan|first=Ahammad Parvej|date=2018-01-26|work=The Bangladesh Post|access-date=2018-06-28}}</ref> the ''President's Award for Industrial Development'' in the Hi-Tech industries category at 2016<ref>{{Cite news|url=https://www.thedailystar.net/business/12-firms-get-presidents-award-1201942|title=12 firms get President's Award|date=2016-03-31|work=The Daily Star|access-date=2018-06-28|language=en}}</ref> and the ''8th HSBC Export Excellence Awards'' at 2018.<ref>{{Cite news |url=https://www.thedailystar.net/business/banking/news/hsbc-felicitates-top-exporters-1637236|title=HSBC felicitates top exporters|date=2018-09-23|work=The Daily Star|language=en|access-date=2019-07-06}}</ref>

== Projects ==
{{section rewrite|date= July 2023}}
{{Advert section|date=July 2023}}
Western Marine Shipyard exported 31 ships to various countries of the world ([[Finland]], [[Germany]], [[Pakistan]], [[Denmark]], [[Tanzania]], [[Uganda]], [[Ecuador]], [[New Zealand]], [[The Gambia|Gambia]], [[Kenya]], [[India]], [[United Arab Emirates|UAE]], etc.)<ref name=":2" /> and brought around US$151 Million of remittance.<ref name=":5">{{Cite news |title=Western Marine wins int'l award |url=http://today.thefinancialexpress.com.bd/print/western-marine-wins-intl-award-1517671939 |newspaper=The Financial Express |location=Dhaka |language=en |access-date=2018-06-28}}</ref> The yard has built more than 60 ships which includes [[Cargo ship|ocean going multi purpose cargo vessels]], [[Passenger ship|passenger vessels & boats]], [[oil tanker]]s, [[Roll-on/roll-off|ro-ro ferries]], [[Pontoon bridge|pontoons]], [[barge]]s, [[fishing trawler]]s, [[dredgers]], [[Tugboat|tug boats]], [[Container ship|container vessels]], and more, with further plans to export more than $250 million worth of ships.<ref>{{Cite news|url=https://www.thedailystar.net/business/western-marine-export-250m-worth-vessels-5yrs-1522720|title=Western Marine to export $250m worth of vessels in 5yrs|date=2018-01-21|work=The Daily Star|access-date=2018-07-08|language=en}}</ref> Western Marine operates in conjunction with [[Classification society|classification societies]] through the entire building and testing process of new vessels. The yard has worked with [[Bureau Veritas]], [[DNV GL|DNV-GL]], [[Nippon Kaiji Kyokai|Nippon Kaiji Kyokai (ClassNK)]],<ref name=":3" /> and [[Lloyd's Register]]<ref>{{Cite news|url=https://worldmaritimenews.com/archives/100882/western-marine-to-build-solas-passanger-ship-bangladesh/|title=Western Marine to Build SOLAS Passanger &#91;sic&#93; Ship (Bangladesh)|work=World Maritime News|access-date=2018-07-25|language=en-US}}</ref> to insure class built ships for their buyers.
{| class="wikitable"
|+
A few of Western Marine's completed vessels.
|
=== Bay Cleaner - 2===
Built for [[Chittagong Port Authority]], Bangladesh:<ref>{{Cite news|url=https://www.thedailystar.net/news-detail-125810|title=Local-made ship to prevent oil spillage in sea|date=2010-02-11|work=The Daily Star|access-date=2018-07-08|language=en}}</ref>
* Type: Oily Waste Collection Vessel
* Length OA: 25.00m
* Breadth moulded: 6.80m
* Depth: 4.10m
* Capacity: Waste oil storage- 150 cbm
* Fresh water- 30cbm+
* Fuel oil- 40 cbm+
* Lube oil- 3cbm+
* 12 knots Speed
* Class: [[Germanischer Lloyd]]
* Class Notation: 100A5 RSA (50), + MC
* Design: Foreship Ltd., [[Helsinki|Helsinki, Finland]]
* Propulsion engine: 2 X 500 HP ([[Volvo Penta]], Sweden)
|-
|
===FT Agro Food Fleet of 3===
Built for Sea Resources Ltd.:<ref>{{Cite web|url=http://www.worldfishing.net/news101/shipyardsrepairers/bangladeshs-largest-trawler-complete-sea-trial|title=World Fishing & Aquaculture {{!}} Bangladesh's largest trawler completes sea trial|website=www.worldfishing.net|language=en|access-date=2018-07-08}}</ref>
* Type: [[Fishing trawler]]
* Year built: Aug 2013
* Length X Breadth X Depth: 42.00m X 11.00m X 4.70m
* Fish holding capacity: 300 tons
* Pulling Capacity: 26 tons
* 10 knots speed
* Design: Western Marine Shipyard Ltd., Bangladesh
* Engine Power: 1850 BHP
* Generator: 800 KW
|-
|
=== Grona Shipping Ice Class Fleet of 8===
Built for Grona Shipping GmbH, Germany:<ref>{{Cite news|url=https://worldmaritimenews.com/archives/50079/bangladesh-western-marine-shipyard-set-to-deliver-two-ships-to-grona-shipping/|title=Bangladesh: Western Marine Shipyard Set to Deliver Two Ships to Grona Shipping|work=World Maritime News|access-date=2018-07-08|language=en-US}}</ref>
* Type: [[Cargo ship|Multipurpose cargo]]
* Year built: March 2011
* Dimension: 99.99m X 13.50m X 9.10m
* Ice Class: E3
* Cargo capacity: 5200 DWT
* Light Weight Tonnage: 1500MT
* Speed: 12 knots
* Class: [[Germanischer Lloyd]]
* Design: Peters Finance BV, [[Netherlands]]
* Propulsion engine: MAK 6M25C
|-
|
=== MV Mataliki===
Built for [[Ministry of Foreign Affairs and Trade (New Zealand)|Ministry of Foreign Affairs & Trade]], New Zealand:<ref>{{Cite news|url=http://thedailynewnation.com/news/49848/state-minister-for-foreign-affairs-shahriar-alam-poses-with-the-ionatana-galway-obrien-transport-minister-of-a-new-zealand-territory-tokelau-and-his-team-for-pre-launching-ceremony-of-mv-mataliki-an-intl-solas-passenger-ship-made-by-western-marine-shipyard-in-chittagong-on-thursday.html|title=State Minister for Foreign Affairs Shahriar Alam poses with the Ionatana Galway O'Brien, Transport Minister of a New Zealand Territory, Tokelau and his team for pre-launching ceremony of MV Mataliki, an int'l SOLAS passenger ship made by Western Marine Shipyard in Chittagong on Thursday.|work=The New Nation|access-date=2018-07-08|language=en}}</ref>
* Type: [[SOLAS Convention|SOLAS]] [[Passenger ship]]
* Length OA: 44.32m (appx)
* Length BP: 38.56m (appx)
* Breadth MLD: 9.90m (appx)
* Design draft: 2.60m
* Depth to weather deck: 4.10m
* Depth to deck & atside deck: 6.60m
* Water ballast: 90m3
* Grey water: 3m3 (min)
* Fresh water: 40m3
* 10 feet container: 5 NTS
* Break bulk cargo area: 40m2
* Service speed on design draft: 11.50 knots (85% MCR)
* Engine power: 2 X 480&nbsp;kW
* Shaft generator: 2 X 150&nbsp;kW
* Aux Engine: 1 X 110&nbsp;kW
* Emergency genset: 1 X 80&nbsp;kW
* Cargo crane: 3.6 tons @ 12m outreach
* Passengers (international service): 60
* Crew: 10 + Senior Officers: 2
* Class: [[Lloyd's Register]]
|-
|
=== ISEFJORD===
Built for Hundested-Rorvig Faergefart A/S, [[Denmark]]:<ref>{{Cite news|url=https://www.maritimeprofessional.com/news/bangladesh-shipyard-delivers-ferry-isefjord-231700|title=Bangladesh Shipyard Delivers Ferry 'Isefjord'|date=2013-02-19|work=Maritime Logistics Professional|access-date=2018-07-08|language=en}}</ref>
* Type: [[Roll-on/roll-off|Ro-ro ferry]]
* Class: [[Bureau Veritas]]
* Designer: Jorgen Petersen Ltd & Norman Marine, Denmark
* Length OA: 51.00m
* Length BP: 50.49m
* Breadth moulded: 11.60m
* Depth moulded: 3.40m
* Gross tonnage: 475
* Draught: 2.25m
* Deadweight: 165 tons
* Lightweight: 469.65 tons
* Service Speed: 11 knots @ 85% mcr
* Max speed: 14 knots
* Output: 375&nbsp;kW each
* 1800rpm
* Crew: 2
* Passenger: 147
* Cabins: 1 X Enclosed Passenger Lounge, 1 X Open Passenger Area, 2 X cabins for crew
* Number of vehicle decks: One
* Total lane length: 48m
* Number: 24 cars & 2 trucks
* Unmanned Engine room
* Operable with one crew
|-
|
=== Isla Bartolomé===
Built for Transnave, an [[Ecuadorian Navy|Ecuadorian Navy Company]]:<ref>{{Cite news |url=http://www.observerbd.com/2015/07/01/97267.php|title=BD exports WMS-built ship to Ecuador|work=The Daily Observer|access-date=2018-07-08}}</ref>
* Type: [[Cargo ship|Multipurpose cargo]]
* Year built: 2012
* LOA X B(mid) X D :88.04MX 15.00M X 7.50m
* Draught: 6.00m
* Ice Class: E3
* Cargo Capacity: 3,831 DWT
* Cargo Hold: 5187CBM
* Cargo Crane: 2 x 60 Tons
* Engine: Wartsilla 9I26a2 (2999&nbsp;kW @1000 RPM)
* Speed: 13.5 knots
* Designer: Hunte Engineering, Germany
* Class: [[Germanischer Lloyd]]

The ship was inaugurated by [[Rafael Correa|President Rafael Correa]] while it was added to the [[Ecuadorian Navy]] Fleet on 9 September 2015.<ref>{{Cite news|url=https://www.thedailystar.net/business/western-marine-exports-ship-ecuador-147241|title=Western Marine exports ship to Ecuador|date=2015-09-23|work=The Daily Star|access-date=2018-07-08|language=en}}</ref>
|-
|
=== OPV Doria===
Built for JGH Marine A/S, Denmark; operated by Ministry of Agriculture, Livestock & Fisheries, Kenya:<ref>{{Cite web|url=http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=48934:kenyan-offshore-patrol-vessel-handed-over&catid=108:maritime-security&Itemid=233|title=Kenyan offshore patrol vessel handed over {{!}} defenceWeb|last=Martin|first=Guy|website=www.defenceweb.co.za|date=17 August 2017 |language=en-gb|access-date=2018-07-08}}</ref>
* Type: Offshore patrol vessel (OPV)
* Length OA: 54.7
* Length BP: 50.90m
* Depth: 4.50m
* Displacement: 350 tons
* Draft molded: 2.20m
* Lightweight: 500 tons
* Service speed: 22 knots
* Max speed: 35 knots
* Range: 1500 nautical miles
* Daily fuel consumption: 3.6 tons/day (Incl. electrical load)
* Class: [[Bureau Veritas]]
* Two engines: one for Controllable Pitch propeller & one for Waterjet propulsion
* Output: 2X4000kW for CPP & 2720&nbsp;kW for Waterjet
* [[Helipad]] with bridge control
* Hybrid propulsion unit (CPP+Waterjet)
* Gearbox: ZF, Germany
* Propulsion Maker: Servogear AS, Norway
* Waterjet: MJP, [[Sweden]]

This vessel also received the 'Best Large Patrol Boat Builder' award in 2017 by Baird Maritime, a highly reputed maritime publication platform that records deliveries of high-end [[patrol boat]]s throughout the globe.<ref name=":5" />
|-
|
===Jindal Steel Works (JSW) Fleet of 4===
Built for [[JSW Group|Jindal Steel Works]] ([[JSW Group|JSW]]), India:<ref>{{Cite news|url=https://www.thedailystar.net/business/western-marine-builds-two-ships-indian-firm-1481338|title=Western Marine builds two ships for Indian firm|date=2017-10-25|work=The Daily Star|access-date=2018-07-08|language=en}}</ref>
* Type: [[Bulk carrier]]
* Length OA: 122.25 m Length BP: 117.10 m Breadth MLD: 20.00 m Depth MLD: 07.20m
* Deadweight: 8,000 DWT
* Gross Tonnage: 6000 T
* Trial speed (loaded): 10 knots
* Fuel consumption: approx.196 gm/kwhr
* Engine Power:1330&nbsp;kW @ 900 RPM, [[Yanmar]], [[Japan]]
* Class: [[Indian Register of Shipping|Indian Register of Shipping (IRS)]]
|-
|
=== Western Cruise===
Built for [[Chittagong Boat Club]], Bangladesh:<ref>{{Cite news|url=https://www.thedailystar.net/news-detail-220374|title=Western Marine hands passenger ship to Ctg Boat Club|date=2012-01-30|work=The Daily Star|access-date=2018-07-08|language=en}}</ref>
* Type: [[Passenger ship]]
* Length X Breadth X Depth: 30.00m X 7.80m X 7.00m
* Draught: 1.65m
* Capacity: 215 passengers
* Engine: 2X400HP @ 1800 RPM
* Speed: 12 knots
* Class: [[Germanischer Lloyd]]
* Build Year: 2012
|-
|
=== Nurjahan Group Fleet of 4===
Built for Nurjahan group, Bangladesh:<ref>{{Cite news|url=https://worldmaritimenews.com/archives/41807/bangladesh-western-marine-starts-construction-of-tankers-for-nurjahan-group/|title=Bangladesh: Western Marine Starts Construction of Tankers for Nurjahan Group|work=World Maritime News|access-date=2018-07-08|language=en-US}}</ref>
* Type: [[Oil tanker|Oil Tanker]]
* Year: Aug 2012
* Length X Breadth X Depth: 63.80m X 10.10m X 5.70m
* Capacity: 1350DWT
* Speed: 10 knots
* Class: [[Germanischer Lloyd]]
* Design: Western Marine Shipyard Ltd., Bangladesh
* Engine Power: 2 X 7250 BHP
|-
|
=== MV DAR ES SALAAM===
Built for JGH Marine; operated by the [[Tanzania]]n Transport Ministry:<ref>{{Cite news|url=https://www.ship-technology.com/news/newstanzania-transport-ministry-to-receive-new-passenger-vessel-4428708/|title=Tanzania Transport Ministry to receive new passenger vessel - Ship Technology|date=2014-11-04|work=Ship Technology|access-date=2018-07-25|language=en-GB}}</ref>
* Type: [[Catamaran]] [[passenger ship]]
* Length 37.50m
* Breadth: 11.50m
* Depth: 3.80m
* Draught: 1.70m
* Passenger capacity: 302
* Speed: 22 knots
* Engine Power: 2X1140KW @ 1840 RPM
|}

== Financial Issues ==
In 2017, the Finance Minister of Bangladesh, Abul Maal Abdul Muhith, identified WMS as one of the top twenty loan defaulters in the country. However, the shipyard has rescheduled its defaulted loans with two banks and has started to repay instalments regularly.<ref>{{Cite news |date=2017-11-13 |title=Western Marine to spend Tk 500cr on expansion |language=en |work=The Daily Star |url=https://www.thedailystar.net/business/western-marine-spend-tk-500cr-expansion-1490491 |access-date=2018-07-04}}</ref>

In 2021, Bank Asia initiated legal proceedings against Western Marine Shipyard Limited in an effort to recoup a classified loan totalling Tk505.90 crore. <ref>{{Cite web |date=2021-08-23 |title=Journey of a shipbuilder: From exporter to loss-making venture |url=https://www.tbsnews.net/dropped/industry/journey-shipbuilder-exporter-loss-making-venture-292201 |access-date=2023-07-31 |website=The Business Standard |language=en}}</ref><ref>{{Cite web |date=2022-06-12 |title=Western Marine Shipyard goods seized |url=https://www.tbsnews.net/bangladesh/western-marine-shipyard-goods-seized-438434 |access-date=2023-07-31 |website=The Business Standard |language=en}}</ref>


== See also ==
==See also==
*[[Shipbuilding in Bangladesh]]
*[[Shipbuilding in Bangladesh]]


Revision as of 02:48, 19 April 2024

Western Marine Shipyard Limited
Company typePublic Limited Company
IndustryShipbuilding
FoundedJuly 11, 2000 (2000-07-11)
Headquarters1440/A Strand Road, Chattogram-4100, Bangladesh.,
Chattogram
,
Bangladesh
Area served
Worldwide
Key people
Md. Saiful Islam (Chairman)
Capt. Sohail Hasan (Managing Director)
Products
  • Multipurpose Cargo Ships
  • Cargo Vessels
  • Tugboats
  • Tankers
  • Ferries
  • Port Utility Vessels
  • Passenger Ships
  • Fishing Trawlers
  • and many more
ServicesShipbuilding and repair.
RevenueIncrease$ 40 million (2018)
Decrease$ 27 million (2019)
Increase$ 11 million (2019)
Increase$ 10 million (2019)
Total assetsIncrease$ 264 million (2019)
Number of employees
3500
Websitewms.com.bd

Western Marine Shipyard Limited is a publicly listed shipbuilding company standing with over 42 acres of land beside the Karnaphuli River in Chattogram, Bangladesh.[1][2] The shipyard has constructed various types of vessels, including ocean-going multi-purpose cargo vessels, passenger vessels & boats, oil tankers, ro-ro ferries, pontoons, barges, fishing trawlers, dredgers, tug boats, container vessels, etc.[3] It owns an 89 percent share of Bangladesh's shipbuilding market.[4] The company is listed on Dhaka[5] and Chittagong Stock Exchange.[6]

History

The parent company, Western Marine Services, was formed by a group of marine professionals specialized in ship repairs and the export of marine supplies.[7]

Gradually the company grew. In the year 2000 they had over 1.5 acres of land for building inland vessels, [citation needed] and more than five hundred employees.[7] The yard also has signed a MoU with the Chittagong Dry Dock in order to aid the CDD with developing heavy steel engineering capabilities and provide them necessary technical support.[8]

Western Marine is constructing 20 class certified cargo vessels for local company Evergreen Shipping Line. [9]

In 2019, Captain Sohail Hasan took over as Managing Director (MD) of the company.[10][11]

Shipyard facilities

The shipyard utilizes workshops, logistical resources, and equipment to build ships. The yard stands over 42 acres of land and employs a workforce of over 3500 altogether.[12]

The following are some of the shipyard's facilities:[12]

Health and safety

In conjunction with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Western Marine set itself to analyze the risks and hazards their workers faced.[13] Through this, strict reporting procedures were established, and training was provided for managers and workers; including annual firefighting training.[3] Western Marine has seen a 99% reduction in accidents for the addition of new services and procedures.[14]

The shipyard contains a PHCC (Primary Health Care Center), which was created in coordination with the GIZ and the Bangladesh Ministry of Health and Family Welfare. In this free-of-charge facility, shipyard workers are given tests for their hearing, lungs, and total physical checkups. This facility was available for use, and workers received aid and treatment. The government Health Ministry provided a nurse in addition to the doctor and paramedics that are provided by the shipyard. This facility is also accessible to the local community, where more than 30,000 people, including many of the workers and their families, live.[14]

Awards and certifications

Western Marine Shipyard has received a few awards, including the National Maritime Award in 2007,[15] the National Export Trophy in Gold category for the contribution of the fiscal year of 2011,[16] the President's Award for Industrial Development in the Hi-Tech industries category at 2016[17] and the 8th HSBC Export Excellence Awards at 2018.[18]

Projects

Western Marine Shipyard exported 31 ships to various countries of the world (Finland, Germany, Pakistan, Denmark, Tanzania, Uganda, Ecuador, New Zealand, Gambia, Kenya, India, UAE, etc.)[16] and brought around US$151 Million of remittance.[4] The yard has built more than 60 ships which includes ocean going multi purpose cargo vessels, passenger vessels & boats, oil tankers, ro-ro ferries, pontoons, barges, fishing trawlers, dredgers, tug boats, container vessels, and more, with further plans to export more than $250 million worth of ships.[19] Western Marine operates in conjunction with classification societies through the entire building and testing process of new vessels. The yard has worked with Bureau Veritas, DNV-GL, Nippon Kaiji Kyokai (ClassNK),[3] and Lloyd's Register[20] to insure class built ships for their buyers.

A few of Western Marine's completed vessels.

Bay Cleaner - 2

Built for Chittagong Port Authority, Bangladesh:[21]

  • Type: Oily Waste Collection Vessel
  • Length OA: 25.00m
  • Breadth moulded: 6.80m
  • Depth: 4.10m
  • Capacity: Waste oil storage- 150 cbm
  • Fresh water- 30cbm+
  • Fuel oil- 40 cbm+
  • Lube oil- 3cbm+
  • 12 knots Speed
  • Class: Germanischer Lloyd
  • Class Notation: 100A5 RSA (50), + MC
  • Design: Foreship Ltd., Helsinki, Finland
  • Propulsion engine: 2 X 500 HP (Volvo Penta, Sweden)

FT Agro Food Fleet of 3

Built for Sea Resources Ltd.:[22]

  • Type: Fishing trawler
  • Year built: Aug 2013
  • Length X Breadth X Depth: 42.00m X 11.00m X 4.70m
  • Fish holding capacity: 300 tons
  • Pulling Capacity: 26 tons
  • 10 knots speed
  • Design: Western Marine Shipyard Ltd., Bangladesh
  • Engine Power: 1850 BHP
  • Generator: 800 KW

Grona Shipping Ice Class Fleet of 8

Built for Grona Shipping GmbH, Germany:[23]

  • Type: Multipurpose cargo
  • Year built: March 2011
  • Dimension: 99.99m X 13.50m X 9.10m
  • Ice Class: E3
  • Cargo capacity: 5200 DWT
  • Light Weight Tonnage: 1500MT
  • Speed: 12 knots
  • Class: Germanischer Lloyd
  • Design: Peters Finance BV, Netherlands
  • Propulsion engine: MAK 6M25C

MV Mataliki

Built for Ministry of Foreign Affairs & Trade, New Zealand:[24]

  • Type: SOLAS Passenger ship
  • Length OA: 44.32m (appx)
  • Length BP: 38.56m (appx)
  • Breadth MLD: 9.90m (appx)
  • Design draft: 2.60m
  • Depth to weather deck: 4.10m
  • Depth to deck & atside deck: 6.60m
  • Water ballast: 90m3
  • Grey water: 3m3 (min)
  • Fresh water: 40m3
  • 10 feet container: 5 NTS
  • Break bulk cargo area: 40m2
  • Service speed on design draft: 11.50 knots (85% MCR)
  • Engine power: 2 X 480 kW
  • Shaft generator: 2 X 150 kW
  • Aux Engine: 1 X 110 kW
  • Emergency genset: 1 X 80 kW
  • Cargo crane: 3.6 tons @ 12m outreach
  • Passengers (international service): 60
  • Crew: 10 + Senior Officers: 2
  • Class: Lloyd's Register

ISEFJORD

Built for Hundested-Rorvig Faergefart A/S, Denmark:[25]

  • Type: Ro-ro ferry
  • Class: Bureau Veritas
  • Designer: Jorgen Petersen Ltd & Norman Marine, Denmark
  • Length OA: 51.00m
  • Length BP: 50.49m
  • Breadth moulded: 11.60m
  • Depth moulded: 3.40m
  • Gross tonnage: 475
  • Draught: 2.25m
  • Deadweight: 165 tons
  • Lightweight: 469.65 tons
  • Service Speed: 11 knots @ 85% mcr
  • Max speed: 14 knots
  • Output: 375 kW each
  • 1800rpm
  • Crew: 2
  • Passenger: 147
  • Cabins: 1 X Enclosed Passenger Lounge, 1 X Open Passenger Area, 2 X cabins for crew
  • Number of vehicle decks: One
  • Total lane length: 48m
  • Number: 24 cars & 2 trucks
  • Unmanned Engine room
  • Operable with one crew

Isla Bartolomé

Built for Transnave, an Ecuadorian Navy Company:[26]

  • Type: Multipurpose cargo
  • Year built: 2012
  • LOA X B(mid) X D :88.04MX 15.00M X 7.50m
  • Draught: 6.00m
  • Ice Class: E3
  • Cargo Capacity: 3,831 DWT
  • Cargo Hold: 5187CBM
  • Cargo Crane: 2 x 60 Tons
  • Engine: Wartsilla 9I26a2 (2999 kW @1000 RPM)
  • Speed: 13.5 knots
  • Designer: Hunte Engineering, Germany
  • Class: Germanischer Lloyd

The ship was inaugurated by President Rafael Correa while it was added to the Ecuadorian Navy Fleet on 9 September 2015.[27]

OPV Doria

Built for JGH Marine A/S, Denmark; operated by Ministry of Agriculture, Livestock & Fisheries, Kenya:[28]

  • Type: Offshore patrol vessel (OPV)
  • Length OA: 54.7
  • Length BP: 50.90m
  • Depth: 4.50m
  • Displacement: 350 tons
  • Draft molded: 2.20m
  • Lightweight: 500 tons
  • Service speed: 22 knots
  • Max speed: 35 knots
  • Range: 1500 nautical miles
  • Daily fuel consumption: 3.6 tons/day (Incl. electrical load)
  • Class: Bureau Veritas
  • Two engines: one for Controllable Pitch propeller & one for Waterjet propulsion
  • Output: 2X4000kW for CPP & 2720 kW for Waterjet
  • Helipad with bridge control
  • Hybrid propulsion unit (CPP+Waterjet)
  • Gearbox: ZF, Germany
  • Propulsion Maker: Servogear AS, Norway
  • Waterjet: MJP, Sweden

This vessel also received the 'Best Large Patrol Boat Builder' award in 2017 by Baird Maritime, a highly reputed maritime publication platform that records deliveries of high-end patrol boats throughout the globe.[4]

Jindal Steel Works (JSW) Fleet of 4

Built for Jindal Steel Works (JSW), India:[29]

  • Type: Bulk carrier
  • Length OA: 122.25 m Length BP: 117.10 m Breadth MLD: 20.00 m Depth MLD: 07.20m
  • Deadweight: 8,000 DWT
  • Gross Tonnage: 6000 T
  • Trial speed (loaded): 10 knots
  • Fuel consumption: approx.196 gm/kwhr
  • Engine Power:1330 kW @ 900 RPM, Yanmar, Japan
  • Class: Indian Register of Shipping (IRS)

Western Cruise

Built for Chittagong Boat Club, Bangladesh:[30]

  • Type: Passenger ship
  • Length X Breadth X Depth: 30.00m X 7.80m X 7.00m
  • Draught: 1.65m
  • Capacity: 215 passengers
  • Engine: 2X400HP @ 1800 RPM
  • Speed: 12 knots
  • Class: Germanischer Lloyd
  • Build Year: 2012

Nurjahan Group Fleet of 4

Built for Nurjahan group, Bangladesh:[31]

  • Type: Oil Tanker
  • Year: Aug 2012
  • Length X Breadth X Depth: 63.80m X 10.10m X 5.70m
  • Capacity: 1350DWT
  • Speed: 10 knots
  • Class: Germanischer Lloyd
  • Design: Western Marine Shipyard Ltd., Bangladesh
  • Engine Power: 2 X 7250 BHP

MV DAR ES SALAAM

Built for JGH Marine; operated by the Tanzanian Transport Ministry:[32]

  • Type: Catamaran passenger ship
  • Length 37.50m
  • Breadth: 11.50m
  • Depth: 3.80m
  • Draught: 1.70m
  • Passenger capacity: 302
  • Speed: 22 knots
  • Engine Power: 2X1140KW @ 1840 RPM

Financial Issues

In 2017, the Finance Minister of Bangladesh, Abul Maal Abdul Muhith, identified WMS as one of the top twenty loan defaulters in the country. However, the shipyard has rescheduled its defaulted loans with two banks and has started to repay instalments regularly.[33]

In 2021, Bank Asia initiated legal proceedings against Western Marine Shipyard Limited in an effort to recoup a classified loan totalling Tk505.90 crore. [34][35]

See also

References

  1. ^ "Display Company Information". www.dsebd.org. Retrieved 2018-07-24.
  2. ^ "Western Marine hands over $18m vessel built for Kenya". The Daily Star. 2017-08-14. Retrieved 2018-07-24.
  3. ^ a b c Ahmed, Muzaffar (Summer 2018). "Credit Rating Report on Western Marine Shipyard Limited" (PDF). Security and Exchange Commission Bangladesh: 142–153.
  4. ^ a b c "Western Marine wins int'l award". The Financial Express. Dhaka. Retrieved 2018-06-28.
  5. ^ https://www.dsebd.org/displayCompany.php?name=WMSHIPYARD
  6. ^ https://www.cse.com.bd/company/companydetails/WMSHIPYARD
  7. ^ a b www.trusteddocks.com. "Shipyard - WESTERN MARINE SHIPYARD LIMITED, Chittagong". www.trusteddocks.com. Retrieved 2018-07-24.
  8. ^ "Western Marine, Ctg. Drydock Reach Deal". Daily Sun. 2018-01-10. Retrieved 2018-07-25.
  9. ^ "S Alam Group to buy 20 ships at Tk 250cr". The Daily Star. 2017-04-24. Retrieved 2018-07-26.
  10. ^ "Sohail Hasan WMS new MD - Business - observerbd.com". The Daily Observer. Retrieved 2019-06-19.
  11. ^ "Captain Sohail made MD of WMShL". Daily Sun. Retrieved 2019-06-19.
  12. ^ a b Zahan, Tasnima (Fall 2016). Exposition of Aspiration: Shipbuilding Journey Through Design (Bachelor of Architecture). BRAC University. pp. 58–66. hdl:10361/7905.
  13. ^ Evans, Ruth (2014-01-02). "Bangladesh shipbuilder sets benchmark in health and safety standards". the Guardian. Retrieved 2018-06-26.
  14. ^ a b "Western Marine shows path to worker safety". The Daily Star. 2014-05-28. Retrieved 2018-06-28.
  15. ^ "Western Marine Shipyard gets nat'l maritime award". The Daily Star. 2007-11-10. Retrieved 2018-06-28.
  16. ^ a b Khan, Ahammad Parvej (2018-01-26). "Ship Export To Fetch Billions". The Bangladesh Post. Retrieved 2018-06-28.
  17. ^ "12 firms get President's Award". The Daily Star. 2016-03-31. Retrieved 2018-06-28.
  18. ^ "HSBC felicitates top exporters". The Daily Star. 2018-09-23. Retrieved 2019-07-06.
  19. ^ "Western Marine to export $250m worth of vessels in 5yrs". The Daily Star. 2018-01-21. Retrieved 2018-07-08.
  20. ^ "Western Marine to Build SOLAS Passanger [sic] Ship (Bangladesh)". World Maritime News. Retrieved 2018-07-25.
  21. ^ "Local-made ship to prevent oil spillage in sea". The Daily Star. 2010-02-11. Retrieved 2018-07-08.
  22. ^ "World Fishing & Aquaculture | Bangladesh's largest trawler completes sea trial". www.worldfishing.net. Retrieved 2018-07-08.
  23. ^ "Bangladesh: Western Marine Shipyard Set to Deliver Two Ships to Grona Shipping". World Maritime News. Retrieved 2018-07-08.
  24. ^ "State Minister for Foreign Affairs Shahriar Alam poses with the Ionatana Galway O'Brien, Transport Minister of a New Zealand Territory, Tokelau and his team for pre-launching ceremony of MV Mataliki, an int'l SOLAS passenger ship made by Western Marine Shipyard in Chittagong on Thursday". The New Nation. Retrieved 2018-07-08.
  25. ^ "Bangladesh Shipyard Delivers Ferry 'Isefjord'". Maritime Logistics Professional. 2013-02-19. Retrieved 2018-07-08.
  26. ^ "BD exports WMS-built ship to Ecuador". The Daily Observer. Retrieved 2018-07-08.
  27. ^ "Western Marine exports ship to Ecuador". The Daily Star. 2015-09-23. Retrieved 2018-07-08.
  28. ^ Martin, Guy (17 August 2017). "Kenyan offshore patrol vessel handed over | defenceWeb". www.defenceweb.co.za. Retrieved 2018-07-08.
  29. ^ "Western Marine builds two ships for Indian firm". The Daily Star. 2017-10-25. Retrieved 2018-07-08.
  30. ^ "Western Marine hands passenger ship to Ctg Boat Club". The Daily Star. 2012-01-30. Retrieved 2018-07-08.
  31. ^ "Bangladesh: Western Marine Starts Construction of Tankers for Nurjahan Group". World Maritime News. Retrieved 2018-07-08.
  32. ^ "Tanzania Transport Ministry to receive new passenger vessel - Ship Technology". Ship Technology. 2014-11-04. Retrieved 2018-07-25.
  33. ^ "Western Marine to spend Tk 500cr on expansion". The Daily Star. 2017-11-13. Retrieved 2018-07-04.
  34. ^ "Journey of a shipbuilder: From exporter to loss-making venture". The Business Standard. 2021-08-23. Retrieved 2023-07-31.
  35. ^ "Western Marine Shipyard goods seized". The Business Standard. 2022-06-12. Retrieved 2023-07-31.
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