BANGLADESH'S KHULNA SHIPYARD BECOMES PROFITABLE BUILDING NEW SHIPS.

KHULNA, Nov 5 Asia Pulse - Bangladesh's Khulna shipyard regained its lost glory as the potential venture turned into a successful profitable business concern through building brand-new ships of international standards besides repairing old ones.

Located on the bank of the River Rupsa, the shipyard was established way back in 1957 with the assistance of a German firm, Stulcken Sohn. Two German and British companies had jointly run the shipbuilding yard till 1965.

After the independence, it was handed over to the state-run Bangladesh Steel and Engineering Corporation (BSEC) in 1972. But the shipyard started incurring loss after 1980.