Bangladesh Shipping Corporation (BSC) has initiated a mega project aimed at reducing dependence on foreign vessels by adding 25 new ships to its fleet. The state-owned maritime company currently operates seven ships on international routes and reported record business of Tk 800 crore in the current fiscal year, with a net profit of Tk 306 crore. BSC officials confirmed that the expansion will strengthen Bangladesh’s presence in global maritime trade.

According to BSC sources, the corporation has begun purchasing five new ships, including two 63,500 DWT bulk carriers financed internally and three more under government loans. Future plans include acquiring four large vessels through government-to-government arrangements, six modern container ships, six LNG carriers, and several chemical and product oil tankers. The organization is also investing in infrastructure projects in Khulna and Chattogram and launching a maritime training center to develop skilled manpower.

Managing Director Commodore Mahmudul Malek stated that BSC is experiencing its best period, with record profits boosting confidence. He said the corporation aims to deliver world-class maritime services and enhance its contribution to the national economy.