Bangladesh Shipping Corporation Set to Repay Tk203 Crore
The Bangladesh Shipping Corporation (BSC) is gearing up to repay Tk203 crore, which includes Tk187 crore for ship procurement loans and Tk19.87 crore in dividends for the fiscal year 2024-25. This financial move comes on the heels of the corporation’s record revenue and profit, showcasing its growth trajectory. In November 2025, BSC had already remitted Tk475.25 crore to the government under a subsidiary loan agreement, reflecting its robust financial health.
Financial Growth and Loan Repayment
Commodore Mahmudul Malek, the managing director of BSC, attributed the corporation’s ability to repay loans to its expanding business and profitability. The corporation had previously procured six ships from China in 2016, funded by the government, at a total cost of Tk1,457.67 crore. The total repayment to the government amounts to Tk2,425 crore, which includes Tk1,457.67 crore in principal and Tk967.34 crore in interest over a 13-year period. The repayment will occur in 26 installments, with an eight-year grace period, allowing BSC to manage its finances effectively.
Malek confirmed that the corporation is set to hand over the Tk203 crore check to the government on January 14, 2026. This repayment is a significant milestone for BSC, highlighting its financial stability and commitment to fulfilling its obligations.
Bangladesh Shipping Corporation Secures Historic Ship Purchase
Fleet Expansion Plans
Currently, BSC operates five ships, which were acquired in 2018 and 2019. The corporation is actively pursuing fleet expansion, with plans to add seven new ships, bringing the total to 12. Two of these new ships have already been purchased at BSC’s own expense, with one expected to join the fleet by the end of January 2026. Additionally, BSC plans to acquire three more ships—two through government funding and one through its own resources.
Malek also mentioned plans to acquire four additional ships from China under a government-to-government agreement. This ambitious expansion strategy comes after BSC reported record revenue and profit in its 54-year history, achieving Tk800 crore in revenue and a net profit of Tk306.56 crore last year. The corporation also distributed a 25% cash dividend to its shareholders, further solidifying its position in the shipping industry.
