Bangladesh-based Western Fishers Shipyard (WFSL) and its Danish partners DanSea and Scan have formed a 50:50 joint venture (JV), Scan Machinery BD to produce hydraulic machinery ranging from steering gears to winches, net drums, propellers and nozzles.
The company said that by establishing the new JV, Bangladeshi vessel operators and shipbuilders will be able to service their vessels in future from Karnaphuli in Chittagong rather than outsourcing all hydraulic works from outside the country.
As there is currently no manufacturing facility in the country, builders of ships and other vessels depend on importing hydraulic systems from Europe.
The Danish International Development Agency’s business partnership programme will support the new JV, which intends to supply hydraulic systems to vessels including deep-sea fishing trawlers, ferries, oil tankers and domestic and export ships.
Rouf Chowdhury, chairman of WFSL has been appointed as the new chairman of the JV, while Lars Jensen of DanSea has been named managing director.
Jensen said that the company will provide onboard installation and after-sales services.
"Scan Machinery looks to contribute to merchant vessels building in Bangladesh for supplying abroad," Jensen said.
By July this year, the new JV company intends to start supplying hydraulic systems to vessels builders.
Western Marine Shipyard managing director Sakhawat Hossain said the company don’t want to limit it self to Bangladesh only.
"In future, we want to secure export orders not only from Asian market and but also from Europe," Hossain said.