BSC going to get life after 27 yrs

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Chittagong Bureau :
State owned Bangladesh Shipping Corporation (BSC) is going to get life again after 27 years.
BSC was constituted under President ordinance in 1972 replacing the previous name National Shipping Corporation (NSC) after emergence of Bangladesh. Sources said, upto 1991, BSC had 38 vessels of different capacities and following the continuous loss of the state owned shipping sector , 36 vessels were sold out in phases.
 At present BSC owns only two lighter tanker with dilapidated condition having average age about 30 yrs.
 As a result this state owned organization is on the way of vessel less maritime organization. Following the Prime Minister’s bold initiatives to build the state owned maritime commercial organization into a global standard shipping sector , 5 new vessels will join the BSC fleet by this year in phases and one vessel is expected to join BSC fleet by July next.
This was disclosed by the managing director of BSC Commodore Yahya Sayeed at a views exchange meeting with the journalists at its Chittagong head office on Tuesday . BSC chief in his deliverations emphasized the need of at least 40 to 50 vessels of different categories considering the present demands of ocean going vessels. In the views exchange meet, he told that these 5 vessels will be supplied by China National Imports and Exports Machineries Ltd at a cost of Tk.1,900 crores .
 Out of 5 vessels, 3 oil tankers and two bulk cargo carriers, sources said. The meet was told that BSC earned profit of Tk.8.65 crores in last fiscal and hoped more profits after joining the new vessels.
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