Meghna Group of Industries (MGI) Inaugurates the First Ever 4 Brand New Ultramax Dry Bulk Carriers in Bangladesh
Meghna Group of Industries (MGI) proudly inaugurates the first ever 4 brand new Ultramax Dry Bulk Carriers of the country- M.V. Meghna Victory, M.V. Meghna Prestige, M.V. Meghna Hope and M.V. Meghna Progress. On February 26, 2023, Mr. Khalid Mahmud Chowdhury, M.P., Honorable Minister of State, Ministry of Shipping, Government of the People’s Republic of Bangladesh graced the launching ceremony as Chief Guest. Rear Admiral M Shahjahan, NPP, BCGMS, NDC, PSC, BN, Chairman, Chittagong Port Authority was present as Special Guest. Commodore Md Nijamul Haque, OSP, NGP, PSC, BN, Director General, Department of Shipping, Government of the People’s Republic of Bangladesh, Mr. Md. Mahbub ur Rahman, Chief Executive Officer, HSBC Bangladesh and Mr. Mahbubul Alam, President, Chittagong Chamber of Commerce & Industry were present as guests of honor. The program was presided by Chairman & Managing Director of Meghna Group of Industries (MGI) Mr. Mostafa Kamal.
HSBC Bangladesh is arranging financing of USD 71 Million for these 4 ships against Sinosure (Chinese ECA) guarantee. MGI’s 4 brand new Ultramax Dry Bulk Carriers were built by a joint venture company of Japan & China named JIANGSU YANGZI-MITSUI SHIPBUILDING CO. LTD. The capacity of each of these Ocean Going Vessels is 66,000 DWT. According to MGI, these 4 brand new Ultramax Dry Bulk Carriers will contribute to the economy of the country by importing & exporting different items from the major sea ports around the world by hoisting our national flag.
Read more: MGI Achieves Top Spot in Ocean-Going Ship Management Industry
This is to be mentionable that, as one of the leading conglomerates of Bangladesh, Meghna Group of Industries (MGI) has investment in different sectors starting from consumer goods to building materials, Economic Zones, shipping, aviation, chemicals, electricity & power, paper & tissue etc. MGI is directly & indirectly contributing to the economy of the country by establishing 52 industries with an employment of 50 thousand people. Currently, 1 out of 2 households in Bangladesh uses any of Meghna Group of Industries (MGI) products.
