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Later it came under the control of Bangladesh Navy in 2006.
In 1979, the sector received its first foreign investment after the independence of Bangladesh when Mitsui Engineering and Shipbuilding Industry, a Japanese enterprise, formed a joint venture with High Speed Shipyard of Bangladesh to establish a shipyard at Fatullah, Narayanganj.
Marcel Nies has specialised in Oriental Art since 1972.
Composed of a diversity of art, his collection includes sculptures, paintings, and ritual objects from India, the Himalayan mountains, and South-eastern Asia.
In terms of shipbuilding tonnage during the 16th–18th centuries, the annual output of Bengal alone totaled around 2,232,500 tons, larger than the combined output of the Dutch (450,000–550,000 tons), the British (340,000 tons), and North America (23,061 tons).
An important innovation in shipbuilding was the introduction of a flushed deck design in Bengal rice ships, resulting in hulls that were stronger and less prone to leak than the structurally weak hulls of traditional European ships built with a stepped deck design.
Because of the riverine geography of Bangladesh, ships have been playing a major role in the trade affairs of the people of this country since the ancient times.
According to the accounts of the 14th century Moroccan traveler Ibn Batuta, there used to be large fleets of warships docked in various ports of the country.
Wei Asian Arts was established in 2001 by Paola D'Alatri and Howard Wei. He is member of Asian Art in Brussels and has exhibited regularly in New York (Asia Week) and San Francisco, Paris (Parcours des Mondes) and Belgium.He specialize in antique Asian ceramics, sculpture and works of arts with a special attention for Buddhist sculpture and scholar objects.While living in India Michael Beste became fascinated by the arts and traditions of the country and its peoples.By the 2000s, several more private shipyards were established and in 2008, Bangladesh became a ship exporting country.Ananda Shipyard and Shipways Limited (ASSL), founded in 1983 on the bank of Meghna river, became the first Bangladeshi shipbuilding company to export an ocean-going ship when it transferred the locally built "Stella Maris" to a Danish firm.
The British East India Company later duplicated the flushed deck and hull designs of Bengal rice ships in the 1760s, leading to significant improvements in seaworthiness and navigation for European ships during the Industrial Revolution.