DP World has started developing a new edible oil terminal at the Port of Berbera in Somaliland, reducing supply chain costs and creating vital local jobs. It has already agreed to a long-term lease for the facility. The edible oil terminal will be the latest addition to Berbera’s growing trade ecosystem, following the recent opening of the Berbera Economic Zone (BEZ), 15 km from the port along the Berbera to Wajaale road (Berbera Corridor) that connects to Addis Ababa in Ethiopia.… Continue

Recently, Etihad Group organized a live balloting event for its new housing project, Etihad Town – Phase 2. The event was open to all customers that had previously acquired plot files in the project — with possession of plots expected within 6 to 8 months. … Continue

Tianjin Port, a world-leading smart port powered by Huawei’s technology, has become a model for future port solutions in China and around the world. With introduction of technologies like 5G and AI at Section C smart container terminal at Tianjin Port’s Beijiang Port Area in October 2021, the port has realized more efficient, intelligent, and safer operation and helped increase stability and efficiency of China’s supply chain.… Continue

A four-member French delegation led by Col Philippe Deponcelle, visited NIMA Head Office Islamabad on 17 March 2023. The delegation comprised Col Nicolas Dean of COSA, DA France in Islamabad, Col Jérôme Mancel (incoming DA France) and Mr. Guillaume Gandelin, desk officer French MoD.… Continue

In pursuance to explore avenues for a reduction in operational costs of the corporation, a Memorandum of Understanding (MOU) was signed between Pakistan National Shipping Corporation and ENAR Petroleum Refining Facility on March 16, 2023.

ENAR Petroleum and Refining Facility will provide Very Low Sulphur Fuel Oil (VLSFO) for PNSC vessels.… Continue

Today, Pakistan National Shipping Corporation (PNSC) signed a Memorandum of Understanding (MoU) with the M/S IMGC and Waheed Group of Industries consortium to transport edible oil from the Far East to Pakistan.

Every year Pakistan imports edible oil for more than 3 billion USD, of which a substantial portion is paid on account of freight charges in USD.… Continue

Pakistani elites consider trade with India as a death knell for their interests. Still, importing cheap food items from India will reduce inflation in Pakistan and provide relief to the people, but this is not acceptable to the establishment. People could buy onions and tomatoes at Rs250 per kg, but importing these items from India at Rs40 per kg cannot be allowed because it will hit the interests of our hoarders and profiteers.… Continue

A meeting of the 6th Advisory Board of the National Institute of Maritime Affairs (NIMA) was held at NIMA Head Office, Islamabad. Admiral Asif Sandila NI(M), former Chief of the Naval Staff, Chairman BoA chaired the meeting while the Board members and special invitees / maritime experts were in attendance, in person and online.… Continue

foodpanda, Pakistan’s leading food delivery platform, has announced a new partnership with Find My Doctor (FMD) to provide health services to its riders. Under this partnership, FMD will offer free online doctor consultations, discounts on lab testing rates, and medicine delivery services to foodpanda riders.… Continue

DP World has announced the first commercial use of its revolutionary BOXBAY high-bay storage system at their terminal in Pusan, South Korea. A contract was signed on 8th March between Pusan Newport Corporation (PNC) and Boxbay FZCO — a joint venture of DP World and German plant technology supplier, SMS group – initiating the design and engineering works for the site.… Continue

Saquib Ahmad, Country Managing Director, SAP Pakistan & Afghanistan, has been given additional charge to lead SAP Iraq. He assumed his additional role as the Managing Director Pakistan, Iraq and Afghanistan with effect from March, 2023. The new role and added responsibility are a result of Saquib’s outstanding performance.… Continue

By Capt. Asim Iqbal

Ministry of Maritime Affairs, Govt of Pakistan is contemplating fine-tuning the bill duly amended by the protocol of carriage of goods by sea act bill and the carriage of shipping documents bill. With the support of port authorities and shipping industry stakeholders, the Ministry has started deliberating and making suggestions for approval from the cabinet and parliament.… Continue

Boskalis has secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Boskalis will carry out a large number of the activities contributing to the development of this renewable energy project in the coming 12 months. … Continue

Chairman Businessmen Group & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, while expressing sheer disappointment over delays in resolving the issue of stuck-up containers, stated that despite commitment made by representatives of shipping lines and terminal operators at a meeting held at KPT two weeks ago in presence of Maritime Minister, Commerce Minster, Secretary Commerce, Chairman KPT and representatives of State Bank of Pakistan wherein they assured to provide maximum relief on demurrage/ detention charges, no announcement has been made in this regard so far, triggering a lot of anxiety amongst members of business & industrial community.… Continue

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said Pakistan could develop its economy by benefiting from the potential of the blue economy. Blue economy refers to social and economic development using the seas and oceans while protecting the marine environment and linked communities.… Continue

Boskalis has acquired a contract from the Ministry of National Planning, Housing and Infrastructure of the Republic of the Maldives relating to the further development including climate adaptive measures of Gulhifalhu. The contract carries a value of approximately EUR 120 million.… Continue

Pakistan’s business community urged private terminal operators to comply with government appeals and announce some relief on terminal charges on stranded containers at their dock for want of a letter of credit realisation. President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while appreciating the spirit shown by Karachi Port Trust (KPT) and Port Qasim Authority (PQA) by waiving demurrage charges, urged all Terminal Operators and Shipping Lines to adopt the same by sharing the burden of heavy demurrage and detention charges with the business community so that thousands of stranded containers could be released at the earliest which would lead to normalising almost stagnant trade, industrial and economic activities.… Continue

Tianjin Port Group and Huawei deepen cooperation to build a digital twin of the world’s first smart, driverless, zero-carbon port terminal.

Tianjin Port Group and Huawei announced that the two companies would deepen cooperation to build a digital twin of the world’s first smart, driverless, zero-carbon port terminal, making it more automated and intelligent.… Continue

President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while appreciating the government for waiving the demurrage and port charges on all stranded containers at the ports, expressed hope that the Minister’s appeal to Shipping Companies, Freight Forwarders and Port Handlers to waive off their charges would also be taken into consideration by them as relinquishing just demurrage & port charges would not make much difference.… Continue

Boskalis has acquired the contract to construct a large offshore windfarm off the United States coastline. The Boskalis project scope includes the transportation and installation of the wind turbine foundations and power cables for which two crane vessels, several transport and cable-laying vessels will be deployed.… Continue

Engro Elengy Terminal has successfully handled over 450 ship-to-ship transfers since its inception, as a result, Pakistan has been able to save more than $3 billion through import substitution of furnace oil.

In 2015, Engro developed the first-ever LNG terminal facility of Pakistan.… Continue

National Bank of Pakistan (NBP) and Karachi Port Trust (KPT) have signed an agreement for “Employee Banking” for the provision of banking facilities to KPT employees. Under the aforementioned arrangement, NBP will facilitate KPT employees to meet their financial needs by providing its wide range of assets and liabilities products under the preferred service mode.… Continue

DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (GOSI) – which owns one of the world’s largest pension funds – announced today an investment of approximately US$2.4 billion (SAR9.0 billion) in three of DP World’s flagship UAE assets.… Continue

Prantik Bengal Salvage & Diving of Bangladesh salvaged Singapore registry grounded dumb Barge MR 3322 (L: 100 m, B: 27.43 m, 4236 GT, built 2008) at St. Martin’s Island in Bangladesh. The Island is a small island covering a total area of 8 square kilometers.… Continue