Bangladesh Shipping Corporation (BSC) plans to acquire two modern product oil tankers, each with a capacity of 40,000-55,000 deadweight tonnes (DWT), at an estimated cost of Tk 7.33 billion. This aims to reduce dependence on foreign vessels and boost fuel-import capacity by 0.05 million tonnes annually.

A Project Evaluation Committee (PEC) meeting is scheduled for tomorrow (April 2) to review the proposal, which is expected to generate Tk 625 million in annual profit and save around US$5 million in foreign exchange. The tankers will generate about Tk 200 million in annual port revenue by transporting refined fuels like petrol and diesel, according to local media.

Currently, BSC has three tankers, and the acquisition is crucial because the country relies heavily on imported fuels. Experts believe at least 25-30 vessels are needed to meet demand, but the fleet has remained limited for decades, leading to increased foreign shipping reliance.

The project is set to yield Tk 625 million in annual profit and additional government revenue, while accounting for the largest expense of Tk 6.5 billion, alongside other management and logistics costs. The PEC meeting will also seek clarifications on these estimates.