Bangladesh Bank has allowed authorized dealers (ADs) to facilitate outward remittances on account of lease rentals for ships and vessels by shipping companies incorporated in Bangladesh, in a move aimed at strengthening the country’s maritime sector.In a circular issued on June 18, 2026, the central bank stated that ADs may effect such remittances in line with existing foreign exchange regulations applicable for payments against aircraft lease. The policy is intended to support the development of ocean-going shipping capacity under Bangladeshi ownership.Earlier, the facility was limited to aircraft leasing by local companies. Under the circular, ADs have now been instructed to ensure that applicant companies comply with specific conditions.Firstly, the shipping company must obtain necessary permission or approval from the competent authority for the operation of leased ships or vessels. Secondly, the company must be compliant with regulatory requirements, including regular submission of returns to Bangladesh Bank and repatriation of surplus earnings Industry insiders have welcomed the initiative, noting that the policy will facilitate the expansion of Bangladeshi-operated ocean-going vessels. They believe it will not only enhance the country’s participation in international shipping but also contribute to foreign currency earnings while reducing dependency on foreign vessels, thereby saving valuable foreign exchange.The latest move reflects Bangladesh Bank’s continued efforts to align foreign exchange regulations with sectoral development goals and promote sustainable growth in key industries.