Bangladesh Shipping Corporation (BSC) has posted the highest net profit in its 54-year history, recording Tk306.56 crore in the 2024–25 fiscal year. The milestone achievement and future expansion plans were formally disclosed at the corporation’s 48th Annual General Meeting (AGM), held on Monday (22 December 2025) at 11:00 am at the Boat Club in Chattogram.
According to audited financial statements, BSC’s operating income during the 2024–25 fiscal year stood at Tk590.98 crore, while income from other sectors amounted to Tk207.30 crore. As a result, the corporation’s total income reached Tk 798.28 crore. During the same period, operating expenses were Tk289.92 crore, and administrative and financial expenses totalled Tk126.45 crore. Overall expenditure thus stood at Tk416.27 crore. After necessary tax adjustments, BSC recorded a net profit of Tk 306.56 crore—an unprecedented figure in the organization’s history.
The AGM was presided over by Brigadier General (Retd) Dr. M Sakhawat Hossain, Advisor to the Ministry of Shipping and Chairman of the BSC Board of Directors. Addressing shareholders, he announced that, following last year’s trend, the Board of Directors has recommended a 25 percent cash dividend from the net profit of the 2024–25 fiscal year.
Dr. Sakhawat Hossain noted that for the first time, BSC has successfully purchased two ships using its own financing, reflecting the corporation’s growing financial strength and operational confidence. Due to this significant investment, the board decided to maintain the dividend rate at the same level as the previous year. He expressed optimism that if the profit trend continues, shareholders may benefit from higher dividends in the future.
Secretary to the Ministry of Shipping, Dr Nurunnahar Chowdhury, attended the meeting as a special guest. Members of the BSC Board of Directors, shareholders, and senior officials of the corporation were also present.
Several shareholders voiced their appreciation for BSC’s performance while urging the authorities to consider increasing dividend payouts in the coming years.
BSC Managing Director Commodore Mahmudul Malek presented a comprehensive overview of the corporation’s activities and performance for the 2024–25 fiscal year. He informed the meeting that BSC’s total assets stood at Tk 3,582.92 crore, while total liabilities amounted to Tk 1,983.77 crore at the end of the fiscal year.
The AGM also reviewed the corporation’s manpower situation. BSC has an approved workforce of 1,521 employees. As of June 30, 2025, a total of 225 personnel were working in shore-based establishments, while 147 officers and sailors were deployed onboard ships.
Regarding development initiatives and future plans, the meeting highlighted that BSC is implementing short-, medium-, and long-term strategies to expand its fleet under the guidance of the government and the Ministry of Shipping. Six new ships have already been acquired with loan assistance from the Chinese government, five of which are currently operational.
In addition, BSC has implemented its first self-financed project to purchase two bulk carrier vessels. One ship, MV Banglar Pragati, has already joined the fleet, while the second, MV Banglar Nabjatra, is scheduled for delivery in January 2026.
The meeting further disclosed that projects are underway to acquire new crude oil tankers, bulk carriers, and container ships to ensure national energy security and uninterrupted import-export supply chains. Agreements have been signed with China National Machinery Import & Export Corporation on a government-to-government basis to construct two crude oil mother tankers and two mother bulk carriers, with financing support expected from the Chinese government.
Considering the rising global demand for container transportation, BSC has also planned to acquire 12 new container ships, each with a capacity of 2,500 to 3,000 TEUs. Construction of six of these vessels is already in progress with assistance from the Asian Infrastructure Investment Bank (AIIB).
