Bangladesh Shipping Corporation Governance and Leadership

The Bangladesh Shipping Corporation is a state-owned organization responsible for managing the country's shipping and port operations. It was established in 1988 under the Bangladesh Shipping Corporation Act.

The corporation's governance structure is headed by a Chairman, who is appointed by the Government of Bangladesh. This Chairman plays a crucial role in overseeing the corporation's activities and making key decisions.

The Bangladesh Shipping Corporation has a Board of Directors that provides strategic guidance and direction to the organization. The Board is composed of experienced professionals and experts in the shipping industry.

The corporation's leadership is also supported by a team of senior executives who are responsible for managing its various departments and operations.

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Bangladesh Shipping Corporation has received primary approval from the Planning Commission for the construction of 6 container vessels. This is a significant development for the company.

The corporation has also made its earnings results public for the second quarter and six months ended December 31, 2024.

These results are likely to be of interest to investors and stakeholders who want to stay up-to-date on the company's financial performance.

The management team at Bangladesh Shipping Corporation is led by Mohammed Yousuf, who serves as the Chief Tech/Sci/R&D Officer at the age of 61.

Mohammed Yousuf has been with the corporation for an unknown duration, but Nasima Parvin, the Corporate Secretary, and Mohammad Azamgir and Mohammad Ataur Rahman, both Comptrollers/Controllers/Auditors, have not specified their age or tenure.

Mohammad Ataur Rahman, one of the Comptrollers/Controllers/Auditors, joined the corporation on February 20, 2014.

The Executive Committee at Bangladesh Shipping Corporation is responsible for making key decisions and overseeing the organization's operations. Mohammed Yousuf serves as the Chief Tech/Sci/R&D Officer, a position he has held for an unknown duration.

Mohammed Yousuf is 61 years old, which suggests a wealth of experience in the field. Nasima Parvin is the Corporate Secretary, but her age and tenure are unknown.

Mohammad Azamgir and Mohammad Ataur Rahman both hold the position of Comptroller/Controller/Auditor. Mohammad Ataur Rahman has been in this role since February 20, 2014.

The Board of Directors Composition is a crucial aspect of any organization's management structure. Sakhawat Hussain serves as the Chairman of the board, bringing a wealth of experience at the age of 81.

The board consists of five members, with Mohammed Yousuf, Abdur Rahman, M Mina, Nasima Parvin, and Sakhawat Hussain holding the position of Director/Board Member. Sakhawat Hussain is the only member with a specified age, which is 81.

Mohammed Yousuf is 61 years old, indicating a significant age gap with the Chairman. The age of the other directors is not specified. Sakhawat Hussain has been a Chairman for an unknown period, but has been serving in this capacity for some time.

Here is a list of the Board of Directors Composition:

The Bangladesh Shipping Corporation has a significant financial presence.

Its revenue is generated from various sources, including transportation of goods and passengers, as well as from the sale of its cargo and passenger services.

The company has a large fleet of vessels, which enables it to transport a substantial volume of cargo and passengers each year.

According to its financial reports, the corporation's revenue has been steadily increasing over the years, with a notable surge in recent times due to the growth of international trade.

The corporation's financial stability is also reflected in its ability to maintain a healthy cash reserve, which is essential for meeting its financial obligations and investing in new projects.

Its cash reserve has been steadily increasing, allowing the corporation to invest in new vessels and upgrade its existing fleet to improve efficiency and reduce costs.

Bangladesh Shipping Corporation has its roots in the country's maritime history, dating back to 1972 when the government established the corporation to manage the country's shipping sector.

The corporation's primary location is in Dhaka, the capital city of Bangladesh, where it oversees the country's shipping operations and manages its fleet of vessels.

The corporation's early years were marked by a focus on developing the country's shipping infrastructure, including the construction of ports and the procurement of ships.

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In 1971, Pakistan's National Shipping Corporation took all the merchant fleet, leaving Bangladesh with no ships.

Bangladesh's first ship, Banglar Doot, was acquired by the Bangladesh Shipping Corporation (BSC) in 1972. It was a significant milestone in the country's shipping history.

Sheikh Mujibur Rahman, the founder of Bangladesh, recognized the importance of the shipping sector and established BSC under the President Order no-10 of 1972.

The corporation's first two ships were Banglar Doot and Banglar Sampad, which were acquired in 1972.

BSC's fleet has grown over the years, with 13 ships owned by the corporation as of 2001. Two of these ships are oil tankers.

The corporation's most recent notable event was in March 2022, when it requested $22.4M from its insurer, Sadharan Bima Corporation, after its cargo ship Banglar Samriddhi was damaged in Ukraine.

Here are some key players in Bangladesh's shipping history:

The headquarters of this transport company is located in the port city of Chittagong, which is a strategic location for maritime trade.

This city is a major hub for shipping and trade in Bangladesh, and it's no surprise that the company's main office is based here.

The company also has branch offices in Dhaka and Khulna, which helps them to expand their reach and services across the country.

Interestingly, the minister of shipping of the Government of Bangladesh acts as the chairman of the corporation, giving the government a level of control and oversight.

The corporation runs its own modern marine workshop in Chittagong, which is a testament to their commitment to innovation and efficiency.

Here are the key facts about the company's headquarters: