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International Shipping
Bangladesh Shipping Corporation to add 20 ships by 2030
Date:2022-12-22 Readers:
BANGLADESH Shipping Corporation will add 20 more ships by 2030, including bulk containers and container carriers, reports Dhaka's Business Standard.

"We have already completed all the procedures to buy four large ships from China. We have also advanced discussion with South Korea. In total, we now have four development project proposals and two signed agreements regarding new ships," said Shipping Secretary Mostafa Kamal.

"Our target is to add at least 20 ships larger than our existing ones by 2030," he said.

The Bangladesh Shipping Corporation started its journey with two ships in 1972, and the number of ships steadily increased to 44 in the 1980s.

However, the corporation sold most of the ships for their damages in the 1990s. It owned two ships until 2018 before including six new vessels. Currently, the corporation has eight ocean-going ships in total.

Meanwhile, the annual general meeting announced a 20 per cent dividend for FY22 for its shareholders as its year-on-year net profit increased 214 per cent.

"In international cargo shipments, the Bangladesh Shipping Corporation is now a self-contained agency. The government is working to further develop it in line with the Sustainable Development Goals by 2030 and Vision 2041," said the Bangladesh statement.

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