BRAC Bank has extended landmark financing to MJL Bangladesh PLC for the acquisition of two ocean-going Aframax oil tankers the largest vesselsregistered under the Bangladeshi flag to date.
This transaction represents the largest single-ticket foreign currency (FCY) offshore banking term loan ever arranged by a local private bank in Bangladesh for this industry.
As part of the financing arrangement worth USD 95.77 million, MJL Bangladesh a leading provider of sea freight services to both domestic and international petroleum companies has already inducted ‘MT Omera Galaxy’, an Aframax-class oil tanker with a capacity of 115,600 dead weight tonnes (DWT), into its fleet.
The vessel isthe largest oceangoing ship to carry the Bangladeshi flag.
Building on the commercial success of this milestone, MJL Bangladesh is moving forward with the acquisition of a second Aframax tanker, ‘MT Omera Liberty’, currently under construction at a globally renowned shipyard.
The formal signing ceremony took place at Mobil House, Dhaka, on September 2, 2025, in the presence ofsenior officials from both organizations.