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  • info@crystalshippers.com

ABOUT US

Crystal Shippers Ltd. a private limited company, established in 1994, is based in Chittagong, Bangladesh. The company is involved in ship recycling, steel re rolling mills, ship building and in the Energy Sector.

 

Its ship breaking yard of about 14 acres is probably the single largest yard in Bangladesh with sea frontage of about 1000 feet. The yard is situated at Sitalpur, Sitakunda, Chittagong. The company is affiliated with Ashford Finance LLC, a specialized finance company based in Wall Street, New York.

MANAGEMENT

Mr. Noushir Hasan Managing Director of Crystal Shippers has extensive experience in international business.  He has an MBA from Columbia University, New York and Honors in Economics from Dhaka University. His management experience include senior positions in Citicorp / Citibank NA, New York which he joined after his MBA from Columbia University. His positions in Citicorp included Head of Global Product Transactions within the Global Trade Division of Citicorp where he had responsibility to develop and implement innovative truncations around the world. After he left Citicorp, Mr. Hasan has launched three multinational companies based in New York.  Under his founding leadership, one of these, Eastbrook Ltd. a merchant bank, grew from inception to operations in11 countries within five years.

Activities included investment banking in key Latin American countries, and structured transactions involving foreign exchange, financial securities, oil and gas and physical goods trading. Currently he is founding President of Ashford Finance LLC based in Wall Street, New York. Ashford is a specialized venture capital firm providing capital to growing US and Canadian companies who do not have access to traditional bank financing. Typical financing run from US 3 million to $15 million in the consumers goods and processed commodities sectors. While as CEO of Ashford, Mr. Hasan also oversaw the development of a strategic joint venture with GE Capital to enhance GE’s ABL product line with trade finance product and structuring capabilities.

Currently Mr. Hasan is focusing in Bangladesh, his native country, which is growing at about 7% a year. He is developing his ship recycling business there where his company owns one of the single largest yard with about 1000 feet sea frontage and expanding into other sectors such as steel mill, ship building for the domestic sector and LPG Gas terminal and bottling operation.

Mr. Hasan has an MBA in Finance from Columbia University, New York and Honors in Economics from Dhaka University. He represented the Pakistan National basketball team and was a Double Blue from Dhaka University in Cricket and Basketball.

Ambereen Hasan, Director, SVP of Ashford Finance LLC based in New York, brings her experience in finance and trading. Her education includes Syracuse University, USA and London School of Economics.

Mr. Muzaffar Ahmed, General Manager, has been with the company from the late 1990’s. With experience in ship breaking of more than thirty years and he is one of the pioneers in the industry. His expertise is not only in the production side but also process management and financial control. He works very closely with the Managing Director.

Chief Financial Officer Mr. Md Gias Uddin, MBA, CA (CC) has been with the company for ten years. He is not only in charge of finance but also key operations responsibilities.

Mr. Farooq, MBA, is in charge of the company’s steel re rolling sector. He runs four semi auto miles producing more than 100 Mt per day. He is now settling up a full auto steel mill for the company.

Mr. Saiful Islam Mahmood, M A in Commerce is in charge of the company’s ship building sector. He experience include project managements in various sectors.

Mr. Absar, MBA, has been with the company for five years. His responsibilities include cost accounting and operational control.

Operations Manager, Mr. Quyum has more than twenty years’ experience having cut all types of ships. Unlike other ship breakers, Crystal does not sub contract out the cutting but manages the process itself by applying latest process management and cost control methodology.

In addition, Crystal has a team of accountants that are in the yard monitoring the work and costing every aspect of the business. Focus is on productivity increase, cost and operational control.

VISISON AND MISSION

Company’s vision is to build one of the best managed companies in Bangladesh based on international business standards with special attention to social responsibility, worker welfare and safety.

Management is the single biggest challenge for Bangladesh companies. Typically the companies, headed by outstanding entrepreneurs, cannot reach their full potential because of lack of managers. Those that grow large often rely on imported foreign managers. Crystal’s strongly believes in developing its own Bangladesh management team and is constantly training new and effective managers hired form the local universities.  They are then trained in the latest management disciplines and techniques. Here Crystal takes advantage of the expertise of its New York based affiliated company, Ashford Finance LLC.