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East Coast Group

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East Coast Group
Formation1977
HeadquartersDhaka, Bangladesh
Official language
Bengali
Websitewww.ecg.com.bd

East Coast Group (Bengali: পূর্ব উপকূল গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka.[1][2] Azam J. Chowdhury is the chairperson of the company.[3] In 2019, it had 30 subsidiaries and US$4 billion in assets.[4] Tanjil Chowdhury, chairman of Prime Bank Limited, is the managing director of East Coast Group.[5]

History

[edit]

East Coast Group started in 1977 as East Coast Trading Private Limited as an oil trading company.[6][7] it was founded by Azam J Chowdhury. Chowdhury had also designed the logo of the company.[8]

In 1980, East Coast Group founded Bangladesh Trade Syndicate Limited as a representative of TNT Express.[9]

East Coast Group founded East Coast Shipping Lines Limited as their shipping wing in 1982.[10]

East Coast Group founded EC Securities Limited in 1997 to invest in the stock market.[11] In 1998, East Coast Group founded EC Distribution Limited.[12]

East Coast Group founded Radiant Alliance Limited in October 2010.[13] On 1 November 2010, East Coast Group founded Parkesine Products Limited.[14] It announced plans to four container ships and one oil tanker ship.[15]

East Coast Group founded ASP Crew Management 25 November 2011.[16] Dilruba Chowdhury, director of East Coast Group, is the chairperson of Green Delta Insurance.[17] MJL Bangladesh Limited opened a joint venture with AKT Petroleum Ltd in Myanmar, the first Bangladeshi joint venture in Myanmar.[18]

In November 2015, East Coast Group founded EC Aviation Limited which operates FLY EC.[19] It founded Omera Logistics Limited in December 2015.[20]

In 2019, Azam J. Chowdhury was awarded businessman of the year by The Daily Star and DHL.[21]

Its subsidiary, EC Organic Products Limited, launched halal olive oil products in Bangladesh.[22] It purchased a second oil tanker for MJL Bangladesh Limited.[23] It operates an offshore investment firm, MJL (S) PTE, in Singapore.[24]

Businesses

[edit]
  • East Coast Trading Private Limited[6]
  • East Coast Shipping Lines Limited[10]
  • EC Distribution Limited[12]
  • EC Securities Limited[11]
  • EC Bulk Carriers (operates MV OMERA I and MT OMERA QUEEN)[25]
  • EC Aviation Limited[19]
  • ASP Crew Management[16]
  • Bangladesh Trade Syndicate Limited[9]
  • MJL Bangladesh Limited[26]
  • Omera Fuels Limited[27]
  • Omera Petroleum Limited[28]
  • Omera Cylinders Limited[29] manufactures natural gas cylinders in Bangladesh.[30]
  • Omera Logistics Limited[20]
  • CleanFuel Filling Station, filling station chain.[31]
  • Parkesine Products Limited[14]
  • Radiant Alliance Limited[13]
  • Nordic Woods Limited, a joint venture with Solor Treimpregnering A/S (55 percent) of Norway.[32]
  • Omera Renewable Energy[33]

References

[edit]
  1. ^ "Azam Chowdhury, Shayan Rahman reelected to lead LOAB". UNB. Archived from the original on 2020-12-15. Retrieved 2021-05-08.
  2. ^ "Big players buy cargo ships". The Daily Star. 2010-12-09. Retrieved 2021-05-08.
  3. ^ "The Board – East Coast Group". Retrieved 2021-05-08.
  4. ^ "Business Person of the Year". The Daily Star. 2019-07-06. Retrieved 2023-01-10.
  5. ^ "Prime Bank reelects chairman". The Daily Star. 2022-06-07. Retrieved 2023-01-10.
  6. ^ a b "East Coast Trading Private Limited – East Coast Group". Retrieved 2021-05-08.
  7. ^ "Business Person of the Year". The Daily Star. 2019-07-06. Retrieved 2021-05-08.
  8. ^ "News & Media – East Coast Group". Retrieved 2021-05-08.
  9. ^ a b "Bangladesh Trade Syndicate Limited – East Coast Group". Retrieved 2021-05-08.
  10. ^ a b "East Coast Shipping Lines Limited – East Coast Group". Retrieved 2021-05-08.
  11. ^ a b "EC Securities Limited – East Coast Group". Retrieved 2021-05-08.
  12. ^ a b "EC Distribution Limited – East Coast Group". Retrieved 2021-05-08.
  13. ^ a b "Radiant Alliance Limited – East Coast Group". Retrieved 2021-05-08.
  14. ^ a b "Parkesine Products Limited – East Coast Group". Retrieved 2021-05-08.
  15. ^ Rahman, Sajjadur (2010-12-09). "Big players buy cargo ships". The Daily Star. Retrieved 2023-01-10.
  16. ^ a b "ASP Omera Crew Management Limited – East Coast Group". Retrieved 2021-05-08.
  17. ^ "Green Delta re-elects chair". The Daily Star. Retrieved 2023-01-10.
  18. ^ Rahman, Sajjadur (2013-07-19). "MJL Bangladesh forms joint venture in Myanmar". The Daily Star. Retrieved 2023-01-10.
  19. ^ a b "EC Aviation Limited – East Coast Group". Retrieved 2021-05-08.
  20. ^ a b "Omera Logistics Limited – East Coast Group". Retrieved 2021-05-08.
  21. ^ "Business Person of the Year". The Daily Star. 2019-07-06. Retrieved 2023-01-10.
  22. ^ "EC Organic unveils new olive oil". The Daily Star. 2022-11-14. Retrieved 2023-01-10.
  23. ^ "Mobil Jamuna to buy 2nd oil tanker". The Daily Star. 2022-04-29. Retrieved 2023-01-10.
  24. ^ "MJL raises guarantee for offshore arm". The Daily Star. 2022-12-05. Retrieved 2023-01-10.
  25. ^ "EC Bulk Carrier Limited – East Coast Group". Retrieved 2021-05-08.
  26. ^ "MJL Bangladesh Limited – East Coast Group". Retrieved 2021-05-08.
  27. ^ "Omera Fuels Limited – East Coast Group". Retrieved 2021-05-08.
  28. ^ "Omera Petroleum Limited – East Coast Group". Retrieved 2021-05-08.
  29. ^ "Omera Cylinder Limited – East Coast Group". Retrieved 2021-05-08.
  30. ^ "Locally made LPG cylinders get a cut in VAT". The Daily Star. 2020-09-29. Retrieved 2021-05-08.
  31. ^ "Clean Fuel Filling Station Limited – East Coast Group". Retrieved 2021-05-08.
  32. ^ "Nordic Woods Limited – East Coast Group". Retrieved 2021-05-08.
  33. ^ "Omera to install 2.6MW rooftop solar panel". The Daily Star. 2019-10-11. Retrieved 2021-05-08.


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