Ananda Shipyard and Slipways Limited IPO Approval News


Ananda Shipyard and Slipways Limited (ASSL) was incorporated in 2 June 1999 as a private limited company. It was converted to public limited company on 20 December 2009 by a special resolution. The objective of the company is primarily to carry out shipbuilding activities. It is a 100% export oriented industrial complex and also active in the field of manufacture of marine equipments and aids to navigation. It has generated the first ongoing ship export from Bangladesh in 2008 to Denmark.


Ananda Shipyard and Slipways Limited(ASSL) the largest shipyard in the private sector in Bangladesh, is the flagship in Ananda Group of nine companies has modernized and systemized its operations by enhancing facilities to produce 5 ships each 10,000 DWTs. Production area of ASSL is 80,000 sq. meter of which 20,000 sq. meters is covered. Shipbuilding halls are fitted with EOTs cranes and Slipways are aided by gantry cranes. Ananda Shipyard Slipways Limited has introduced Computer-aided automatic steel cutting machine in Bangladesh in 2004. A workforce of more than 1,362 in various sections led by 96 qualified managers, executives and engineers produce modern quality vessels. The in house computer aided design office provides designs/drawings to the shipyard. Yard's annual production capacity is about 20,000 tones in terms of consumed steel. Further expansions are taking place currently to manufacture bigger ships. ASSL is currently erecting 100 ton gantry crane with its own technology and to increase the production capacity to 30,000 metric tons. The quality of the works has been certified by classification societies inspection agencies. In terms of equipment, manpower & experience the shipyard now ranks among the top shipyards in Bangladesh.
Ananda Shipyard and Slipways Limited (ASSL) has pioneered in construction of 100 A1+LMC coastal vessel, Aluminium survey and speed boat and different kind of sea vessels. Annada Shipyard was awarded “Century Golden Award” from Switzerland and “World Maritime Day” from Bangladesh Government Award in 2008.In Bangladesh Ananda shipyard is pioneer in exporting seagoing vessels named “Stella Maris” in 2008 and “Stella Moon” in 2010 to Stella Shipping AS in Denmark. Presently Ananda shipyard has an order booked from Germany for a total no of 10 seagoing vessels worth of more than US$ 112.00 million. Out of these, 4 are 6,100 DWT MPC vessels from “Komrowski Maritim GmbH, Germany” and 6 of them are 5,500 DWT MP Bulk vessels from “Wessel’s Reverie GmbH, Germany”.

Anandas Shipyard and Slipways Limited (ASSL) initially as ananda Builders Limited (ABL), had been instituted as an engineering company in 1983 by visionary Naval Architect Dr. Abdullahel bari and his wife Mrs. Bari on the bank of river Buriganga on the periphery of Dhaka. In the year 1986 the shipyard had acquired the present location on the line of mighty Meghna in a bid to successively grow in terms of strength and facility. From then on a legacy of many historic firsts in Bangladesh was set by the shipyard.
In 2005, Ananda received the first ever direct ship export order from Denmark.”Stella Maris” made it on the record book as the first export from Bangladesh on 15th May 2008. Since inception, the yard has undertaken various by the Govt. of Bangladesh and donors, and inland and coastal vessels for private owners.
The quality of the works has been certified by reputed classification societies (Member of IACS) & inspection agencies. In general, the shipyard has sat satisfied the quality requirements as well as delivery schedules of clients.

Production area comprises 80,000 sq. Meters, of which 20,000 sq. meters are covered. Yard’s workshops are fitted with modem machinery and equipment. Shipbuilding halls are fitted with EOTs and Slipways are fitted with Gantry caners.

About 300 qualified & experienced personal are leading a workforce of more than 1700 in the section of lofting, welding, erection, fitting. Woodworking, mechanical works, electrical works, painting and quality control, and thus producing modern quality vessels. The in house computer Aided Design office provides designs & drawings to the shipyard.
In terms of equipment, man power & experience the shipyard ranks among the top shipyards in south Asia.

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