Forazi Shipping Limited

What Forazi Shipping Limited does

Forazi Shipping Limited is a Bangladesh-based maritime services company headquartered at Finlay House, 11 Agrabad commercial area, Chattogram. Founded in 2021 and operating under Government Approved License MLA 118, the company positions itself as the #1 Crew Manning Agency in Bangladesh. Its core function is recruiting, screening and placing qualified Bangladeshi seafarers — officers, engineers, ratings and cadets — onto bulk carriers, product and chemical tankers, container ships, car carriers, log carriers and general cargo vessels for local and international ship owners and managers. Candidate screening is conducted by a shore-based management team of ex-Master Mariners and Chief Engineers, with compliance to international conventions including STCW 2010, ISM, ISPS, MLC 2006 and Flag State requirements.

Beyond crew manning, Forazi operates seven additional service modules — Ship Agency, Bay Piloting, Ship Survey, Technical Services, Ship Supply (chandlery), Sale & Purchase Brokerage, and Procurement & Logistics — that together let the firm monetize each vessel engagement at Bangladeshi ports (Chattogram, Mongla and Payra) through agency fees, pilotage, surveys, supplies, and brokerage commissions. The crewing offering is sold on a lump-sum monthly crew cost basis providing price stability to ship owners, while port-side agency and piloting are delivered on 24/7 availability.

Revenue derives primarily from professional services fees and transaction commissions across these modules, sold through a direct B2B sales motion to ship owners and management companies. There is no disclosed institutional funding or external ownership, and the company is privately held. Forazi maintains a digital presence via LinkedIn, Facebook, YouTube and a maritime blog alongside relationship-led direct sales.

Name

Forazi Shipping Limited

Legal name

Forazi Shipping Limited

Website

https://fsltd.net

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Forazi Shipping Limited is a Bangladesh-based, government-licensed maritime services company headquartered in Chattogram. It recruits and places qualified Bangladeshi seafarers for international ship owners and provides integrated ship agency, pilotage, survey, supply, and vessel brokerage services.

Ownership category

akta.pro rank

Product category

Ship Crew Manning & Maritime Services

NAICS

Support Activities for Water Transportation (4883), Port and Harbor Operations (488310), Navigational Services to Shipping (488330)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Breakbulk & Project Cargo Handling (Heavy Lift, Out-of-Gauge Handling) (TLAHALAH)

Keywords

• Crew manning services
• Ship agency services
• Vessel crewing
• Maritime recruitment
• Ship management

Headquarters

HQ city

Chattogram

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Crew Manning and Recruitment Services: Professional services fees for recruiting, screening, and placing qualified seafarers (officers, engineers, ratings, cadets) for ship owners and managers. The company follows a lump sum crew cost concept providing long-term stability with a fixed monthly fee.
2. Ship Agency Services: Shipping and handling agent services for liner and tramp vessels, owners protecting agent for charter vessels, cargo clearing and forwarding.
3. Sale & Purchase Brokerage: Brokerage fees for vessel sales and purchases, including second-hand vessels and scrap vessels in Bangladesh.
4. Ship Supplier Services: Supply of ship spare parts, provisions, machineries, and marine equipment to vessels in Bangladeshi ports.
5. Bay Piloting Services: Pilot services for vessel navigation from Moheshkhali/Kutubdia to Chattogram anchorage.
6. Ship Survey Services: Coordination of vessel periodical surveys with classification societies, attending hire/off-hire surveys, bunker surveys, cargo damage surveys.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Forazi Shipping Limited is a Bangladesh-based, government-licensed (MLA 118) crew manning agency that recruits, screens, and places qualified officers, engineers, cadets, and ratings for local and international ship owners and managers across Bulk Carriers, Product Tankers, Chemical Tankers, Containers, Car Carriers, Log Carriers, and General Cargo vessels trading worldwide. It complements this core offering with ship agency, bay piloting, ship survey, technical services, ship supply, sale and purchase brokerage, and procurement and logistics services.

Product overview

Forazi Shipping Limited operates as a ship management and crew manning company offering eight integrated service modules. The core offering is Ship's Crew Recruitment, Manning & Management, supported by Ship Agency, Bay Piloting Services, Ship's Survey, Technical Services, Ship Supplier, Sale & Purchase, and Procurement & Logistics. These services function as interconnected modules covering the full spectrum of ship management needs—from crew placement and port agency to technical services, supplies, and vessel transactions—allowing the company to provide comprehensive solutions to ship owners and managers operating in Bangladesh.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship's Crew Recruitment, Manning & Management Core crew manning service recruiting, screening, interviewing, and placing qualified officers, engineers, ratings, and cadets for ship owners and managers trading worldwide across Bulk Carriers, Product Tankers, Chemical Tankers, Containers, Car Carriers, Log Carriers, and General Cargo vessels. Includes contract management, payroll, crew planning, and a lump sum crew cost concept with fixed monthly fees.
• Ship Agency Shipping agency services for liner and tramp vessels, owners protecting agency for chartered vessels, cargo clearing and forwarding, and husbandry arrangements at Bangladesh ports (Chattogram, Mongla, Payra) on a 24/7 basis.
• Bay Piloting Services Pilot navigation services for vessels transiting from Moheshkhali/Kutubdia to Chattogram Alpha, Bravo, and Charlie anchorage, provided 24/7 by experienced pilots.
• Ship's Survey Survey services coordinating periodical surveys with classification societies and conducting hire/off-hire, bunker, condition, pre-purchase, cargo damage, and draft surveys on behalf of vessel owners.
• Technical Services Technical support and engineering services for vessels and industries, delivered by experienced marine engineers covering technical issues on board and onshore.
• Ship Supplier Ship chandlery services supplying spare parts, provisions, machinery, navigation equipment, automation equipment, and underwater hull cleaning at Bangladeshi ports.
• Sale & Purchase Vessel sales and purchase brokerage for second-hand and scrap vessels in Bangladesh, providing market information on vessel values and brokering transactions for principals in the global shipping market.
• Procurement & Logistics Marine procurement and logistics services including purchasing spare parts, lubricants, gases, chemicals, wire ropes, and uniforms, and coordinating transportation and storage for ship owner principals.

Quantifiable outcome

• Trusted by 500+ seafarers and 25+ shipping management companies

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Fleet Management Limited: Hong Kong-based ship management company providing crew management, ship agency, and maritime services. Comparable service portfolio including crew manning and ship agency services.
• Wallem Group: Hong Kong-based ship management company providing crew management, ship agency, and maritime services worldwide. Comparable in service portfolio, particularly ship agency and crew management.
• Thome Group: Singapore-based ship management company providing crew management, ship agency, and technical services. Comparable as a multi-service maritime provider with ship agency operations in Asia.
• V.Ships: World's largest third-party ship management company providing crew management, technical management, and ship services globally. Directly comparable to Forazi's core crew manning and ship management service offering.
• Bernhard Schulte Shipmanagement: Major ship management group offering crew management, technical services, and ship agency solutions. Comparable as a full-service maritime services provider serving international ship owners.
• Magsaysay Maritime Corporation: Philippines-based major crew manning agency supplying seafarers to global shipping companies. Comparable as a leading crew manning provider from a developing maritime nation competing in the same global market.
• CF Sharp Crew Management: Philippines-based crew management company providing Filipino and other seafarers to global shipping lines. Comparable in core crew manning services and similar positioning as a national crew supplier.
• OSM Maritime Group: Norway-based ship management company providing crew management, technical services, and maritime support globally. Comparable as a multi-service ship management provider with significant crew placement operations.
• Columbia Shipmanagement: Cyprus-based ship management company providing crew management and a range of ship services. Comparable as a multi-service maritime company operating in the same global crew manning market.
• Anglo-Eastern: One of the largest independent ship management companies globally, providing crew management, technical services, and maritime support. Directly comparable as a multi-service maritime provider with crew manning at its core.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCGa887IP7pw4lGOz_43yK9g
• Facebookfacebook.com/fsltd.net
• LinkedInlinkedin.com/company/forazi-shipping-limited

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forazi Shipping Limited