Bangladesh Shipping Corporation Set to Repay Tk203 Crore Amid Record Profits
On January 14, 2026, the Bangladesh Shipping Corporation (BSC) will repay Tk203 crore to the government, which includes Tk187 crore for ship procurement loans and Tk19.87 crore in dividends for the fiscal year 2024-25. This repayment is made possible by the corporation’s record revenue and profit, marking a significant milestone in its financial journey. The BSC’s managing director, Commodore Mahmudul Malek, emphasized that the corporation’s growth in revenue and profitability, along with fleet expansion, has enabled this repayment.
In November 2025, the BSC had already paid Tk475.25 crore to the government under a subsidiary loan agreement. The corporation’s financial obligations include a total repayment of Tk2,425 crore, which consists of Tk1,457.67 crore in principal and Tk967.34 crore in interest, calculated at a 5% rate over 13 years. The loan repayment will occur over 13 years in 26 installments, with an eight-year grace period, allowing the BSC to manage its financial commitments effectively.
Fleet Expansion Plans and Financial Achievements
Currently, the BSC operates five ships, which were procured in 2018 and 2019. The corporation is actively expanding its fleet, with plans to acquire seven additional ships, bringing the total to 12. Two of these new ships have been purchased at the corporation’s expense, with one already in operation and another expected to join by the end of January 2026. Furthermore, the BSC intends to acquire three more ships—two funded by the government and one through its own resources.
Commodore Malek revealed that there are also plans to acquire four additional ships from China through a government-to-government agreement. Once finalized, these new vessels will be constructed specifically for the BSC. This ambitious fleet expansion is part of the corporation’s strategy to enhance its operational capabilities and market presence.
In the previous fiscal year, the BSC achieved historic financial success, generating Tk800 crore in revenue and a net profit of Tk306.56 crore. This remarkable performance allowed the corporation to distribute a 25% cash dividend to its shareholders, underscoring its commitment to delivering value to its investors. As the BSC continues to grow, its focus on fleet expansion and financial stability remains paramount, positioning it as a key player in the maritime industry.
