Ananda Shipyard & Slipways Ltd (ASSL), Bangaldesh’s leading shipbuilder, expects to sign a contract by the end of October for four 50m aluminium superyachts.

The yachts have been designed in the Ukraine and are destined for one German owner.

“We have been interested in building yachts for some time,” explains ASSL’s executive director and naval architect, Tanquil Islam. “We have built several commercial vessels of different types but feel that the yacht market is a good niche area for us.”

SB understands that the owner approached a number of shipyards for quotes before deciding on ASSL