It cited concerns over its ability to repay a soft loan secured from China Exim Bank for the deal, sources told the Financial Express.
The company agreed a contract with China National Machinery Import & Export Corp (CNMEC) to build three 30,000-dwt tankers and three 30,000-dwt bulkers for $171m in May.
BSC has now been asked to resubmit its application.
Managing director Moqsumul Quader told the newspaper that the company has failed to add any vessels to the fleet in the last two decades despite several attempts.
He
