State-owned and publicly listed Bangladesh Shipping Corporation (BSC) has reported a record profit for the fiscal year 2024–25, driven by significant gains from two key sources  the sale of two damaged vessels and an increase in global freight rates.

According to the company’s annual financial statement, BSC’s net profit rose by 22.8% from the previous year, marking one of the strongest performances in its history. The corporation earned a one-time gain of around Tk 50 crore from the sale of two fire-damaged ships, which contributed notably to the year’s profit growth.

BSC’s earnings per share (EPS) climbed from Tk 16.37 in FY2023–24 to Tk 20.10 in FY2024–25. In addition to the vessel sales, higher international freight charges added another Tk 57 crore to its net profit. Overall, the company’s total income increased by Tk 307 crore year-on-year.

Industry analysts attribute the rise in shipping revenues to higher demand for energy and goods in global markets, which helped stabilize freight rates at a profitable level.

The company has been operating several leased, older vessels for years — a strategy that management says has proven unexpectedly effective. To maintain steady returns for shareholders, BSC has declared a 25% cash dividend for FY2024–25, the same as the previous year.

Market observers believe that the ongoing recovery in global trade, coupled with BSC’s efficient asset management, could continue to benefit the state-run carrier in the long term.