What's Happening?
Bangladesh Shipping Corporation (BSC) has signed a self-financed ship procurement deal to acquire two modern bulk carriers, marking a historic milestone in the country's maritime sector. According to Shipping Adviser Brigadier General (Rtd.) Dr. M Sakhawat Hussain, this is the first time BSC is purchasing ships using its own funds. The new vessels, built under German license in China, are environmentally friendly and energy-efficient, meeting the latest International Maritime Organization standards. This initiative is expected to increase BSC's annual income by Tk 150 crore and expand its transport capacity by 120,000 DWT.
Why It's Important?
The self-financed procurement deal signifies a major step towards self-reliance and modernization in Bangladesh's maritime industry. By investing in environmentally friendly and efficient vessels, BSC is enhancing its operational capabilities and contributing to sustainable maritime practices. This move is likely to boost the country's economic growth by increasing trade capacity and revenue. It also reflects Bangladesh's commitment to meeting international standards and improving its global competitiveness in the shipping industry.
