Ananda Shipyard & Slipways Limited: Difference between revisions

{{Short description|Bangladeshi shipbuilding company}}

'''Ananda Shipyards and Slipways''' is a Bangladeshi shipbuilding company, founded in 1983.<ref>{{Cite journal |last=Abedin |first=A S M Arshadul |date=2007 |title=Warship Building in Bangladesh, Problems and Prospects: Analysis and Recommendations |url=https://ndcjournal.ndc.gov.bd/ndcj/index.php/ndcj/article/download/44/40/80 |journal=NDC Journal |volume=6 |issue=1 |pages=91–111 |issn=1683-8475}}</ref> It is a part of the Ananda Group of companies.

Ananda Shipyards, along with [[Western Marine Shipyard]], is one of two major exporters of ships from Bangladesh. It was the first Bangladeshi shipbuilding company to deliver a seagoing vessel to a foreign customer, the Stilla Marriage which was delivered to a customer in Denmark.<ref>{{Cite journal |last1=Zahid |first1=Anwar |last2=Noor |first2=Mohammad Fahad |last3=Ahmed |first3=Zaima |last4=Ahmed |first4=Samiul Parvez |last5=Ahmed |first5=Sarwar Uddin |date=2019 |title=The Financial Feasibility of Expanding Nationally and Globally: The Case of a Shipbuilding Company in Bangladesh |url=https://www.researchgate.net/publication/347835416 |journal=Independent Business Review |volume=12 |issue=1–2 |pages=1–18 |via=Researchgate}}</ref> As of November 2008 the company had received orders worth $373 million from European and African buyers for building 34 vessels.<ref>[http://thedailystar.net/story.php?nid=63257 The Daily Star]</ref>

In 2022, the shipyard exported the largest domestically produced vessel ever exported from Bangladesh, a 6,100 deadweight tonnage (dwt) oceangoing container vessel sold to a UK buyer, Enzian Shipping Company Ltd.<ref>{{Cite web |date=2022-09-13 |title=Ananda Shipyard exports largest ship by Bangladesh, signalling industry revival |url=https://www.tbsnews.net/bangladesh/ananda-shipyard-exports-largest-ship-bangladesh-signalling-industry-revival-495334 |access-date=2023-06-26 |website=The Business Standard |language=en}}</ref>

==Controversy==

After winning a large number of bids in the late 2000s,<ref>{{Cite web |date=2011-06-08 |title=Bangladesh wins 100 mln dlr ship contract in boost to industry |url=http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/2007/April/business_April695.xml&section=business&col |access-date=2023-06-26 |archive-url=https://web.archive.org/web/20110608133354/http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/2007/April/business_April695.xml&section=business&col |archive-date=2011-06-08 }}</ref> the company succumbed to the global recession and failed to deliver orders on-time to many customers. This led to a call on performance bonds covering the company's projects. Indemnified losses exceeded $58m, and led to questions being raised by regulators about the banks that issued bonds and loans to the company.<ref>{{Cite web |last=Rahman |first=Sajjadur |date=2013-07-29 |title=Islami Bank stung by shipbuilder |url=https://www.thedailystar.net/news/islami-bank-stung-by-shipbuilder |access-date=2023-06-26 |website=The Daily Star |language=en}}</ref><ref>{{Cite web |author=Staff Correspondent |date=2014-12-22 |title=ACC grills 7 bankers over Ananda Shipyard loan scam |url=https://en.prothomalo.com/bangladesh/ACC-grills-7-bankers-over-Ananda-Shipyard-loan |access-date=2023-06-26 |website=Prothomalo |language=en}}</ref>

The shipyard has been accused of illegally occupying shore areas along the [[Meghna River]].<ref>{{Cite web |last=Ali |first=Tawfique |date=2019-05-10 |title=Ship-builder eating away Meghna |url=https://www.thedailystar.net/frontpage/news/ship-builder-eating-away-meghna-1741321 |access-date=2023-06-26 |website=The Daily Star |language=en}}</ref>