[🇧🇩-Navy] Bangladesh Navy news/views

[Bilal9]

Hope you agree with me.

Yes of course. Agreed. By the way - Eid Mubarak in advance to you and your family. Have a splendid Eid!

 

[Saif]

Yes of course. Agreed. By the way - Eid Mubarak in advance to you and your family. Have a splendid Eid!

Eid Mubarak to you too, Bilal bhai

 

[Saif]

A frigate of Bangladesh Navy is returning from Bay of Bengal after completing a naval exercise.

 

[Saif]

Bangladesh navy has cancelled an agreement with India to construct an Ocean going Tug boat. The deal valued $21 million.

Bangladesh cancels $21 million deal with Indian shipbuilding firm: Reports

The Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed the contract with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power

www.tbsnews.net

Bangladesh cancels $21 million deal with Indian shipbuilding firm: Reports

The Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed the contract with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power

Bangladesh has cancelled a $21 million deal with a Kolkata-based state-run shipbuilding firm of India for the construction of an advanced ocean-going tugboat, according to Indian media reports.

According to a Hindustan Times report, the Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed a contract for a tugboat with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power.

It says the contract was signed as India and Bangladesh agreed to strengthen defence cooperation with a long-term perspective during Hasina's visit to India in June 2024.

In a filing to the National Stock Exchange of India Limited on Wednesday (21 May), GRSE said, "...In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'SEBI Listing Regulations'), we wish to inform you that the Government of the People's Republic of Bangladesh has cancelled the order."

Several Indian media outlets, including Times of India, published stories on the matter quoting the stock market filing.

BBC Bangla also quoted GRSE's letter in its report on the matter.

The deal with the GRSE for an 800-tonne ocean-going tugboat was the first major contract under India's $500 million line of credit for defence purchases, the Hindustan Times report further reads.

The media also referred to "strained relations" between the two sides and India restricting imports of ready-made garments from Bangladesh only to Kolkata and Nhava Sheva ports.

Meanwhile, the Times of India called it a "nose-dive in bilateral ties."

According to a BBC Bangla report, the stock prices of GRSE were hit hard yesterday (22 May) morning as the news of the deal cancellation was made public. The company later recovered from the initial plunging.

The Bangladesh Navy or the Ministry of Defence has not made any statement yet regarding why the order was cancelled.

A high-ranking source in the Bangladesh government, seeking anonymity, told BBC Bangla that they have also learned about the order cancellation but could not say why or when this decision was taken.

The Indian company has also not provided any information regarding why Bangladesh cancelled the order.​

 

[Bilal9]

Bangladesh navy has cancelled an agreement with India to construct an Ocean going Tug boat. The deal valued $21 million.

Bangladesh cancels $21 million deal with Indian shipbuilding firm: Reports

The Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed the contract with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power

www.tbsnews.net

Bangladesh cancels $21 million deal with Indian shipbuilding firm: Reports

The Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed the contract with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power

Bangladesh has cancelled a $21 million deal with a Kolkata-based state-run shipbuilding firm of India for the construction of an advanced ocean-going tugboat, according to Indian media reports.

According to a Hindustan Times report, the Garden Reach Shipbuilders and Engineers Ltd (GRSE) signed a contract for a tugboat with the Bangladesh Navy in July 2024, a month before a mass uprising ousted Sheikh Hasina from power.

It says the contract was signed as India and Bangladesh agreed to strengthen defence cooperation with a long-term perspective during Hasina's visit to India in June 2024.

In a filing to the National Stock Exchange of India Limited on Wednesday (21 May), GRSE said, "...In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'SEBI Listing Regulations'), we wish to inform you that the Government of the People's Republic of Bangladesh has cancelled the order."

Several Indian media outlets, including Times of India, published stories on the matter quoting the stock market filing.

BBC Bangla also quoted GRSE's letter in its report on the matter.

The deal with the GRSE for an 800-tonne ocean-going tugboat was the first major contract under India's $500 million line of credit for defence purchases, the Hindustan Times report further reads.

The media also referred to "strained relations" between the two sides and India restricting imports of ready-made garments from Bangladesh only to Kolkata and Nhava Sheva ports.

Meanwhile, the Times of India called it a "nose-dive in bilateral ties."

According to a BBC Bangla report, the stock prices of GRSE were hit hard yesterday (22 May) morning as the news of the deal cancellation was made public. The company later recovered from the initial plunging.

The Bangladesh Navy or the Ministry of Defence has not made any statement yet regarding why the order was cancelled.

A high-ranking source in the Bangladesh government, seeking anonymity, told BBC Bangla that they have also learned about the order cancellation but could not say why or when this decision was taken.

The Indian company has also not provided any information regarding why Bangladesh cancelled the order.​

It was only a matter of time.

We in Bangladesh make far more modern tugs with planetary and ASD drives at various naval and private yards, as witnessed even decades ago. This contract was Hasina's "gift" to India, for reasons beyond comprehension.

Here are some recently built at KSY recently.

These were for the submarine base I believe with Azimuth Stern Drives (ASD)

These were for the Bangladesh Coast Guard

 

[Saif]

Bangladesh cancels defence contract with Indian shipbuilder

Bangladesh has reportedly cancelled a defence contract worth $21 million with an Indian public sector shipbuilder, Garden Reach Shipbuilders & Engineers Ltd (GRSE). The GRSE, which operates under India’s Ministry of Defence, formally notified the matter to the local stock exchange on Wednesd

thefinancialexpress.com.bd

Bangladesh cancels defence contract with Indian shipbuilder
FE ONLINE DESK
Published :
May 23, 2025 17:28
Updated :
May 23, 2025 17:28

Bangladesh has reportedly cancelled a defence contract worth $21 million with an Indian public sector shipbuilder, Garden Reach Shipbuilders & Engineers Ltd (GRSE).

The GRSE, which operates under India’s Ministry of Defence, formally notified the matter to the local stock exchange on Wednesday.

“We wish to inform you that the Government of the People’s Republic of Bangladesh has cancelled the order,” the company wrote.

Indian news portals said the cancelled deal was signed to construct an advanced ocean-going tug for Bangladesh, a specialised vessel intended for long-distance towing and salvage operations in open seas.

“The cancellation is widely seen as a retaliatory response to India’s recent decision to revoke transshipment facilities for Bangladeshi cargo exports to third countries,” India Today wrote in a report.

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