Shipping Corporation’s FY26 profit falls 5pc, but growth returns in Q1 with new vessels

Bangladesh Shipping Corporation (BSC) posted a 5 per cent year-on-year decline in profit to Tk 2.91 billion in FY26, due to the absence of the previous year’s one-off income and a sharp fall in interest income from bank deposits

The Corporation generates revenue mainly from freight and shipping services. It also has non-operating income, including interest earnings on bank deposits.

In the previous year, BSC booked a substantial capital gain from the sale of two damaged oil tankers — MT Banglar Jyoti and MT Banglar Sourabh — which boosted its earnings. No similar one-off income was recorded in FY26, which is why revenue and profit fell year-on-year, the company said.

However, Q1 FY27 results show that the Corporation returned to profit growth, supported by revenue generated by two newly acquired vessels.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →