Pakistan National Shipping Corporation (PNSC) Group achieved record-breaking net profit after tax amounting to Rs. 30 billion during the year 2022-23 as compared to Rs. 5.6 billion during the preceding year.
The Board of Directors of PNSC, on Wednesday, 27th September 2023, announced the financial results for the year ended June 30, 2023.… Continue
Vice Admiral (R) Iftikhar Rao, Special Assistant to the Prime Minister for Maritime, disclosed that the government is shaping a futuristic Shipping Policy keeping in view the new dynamics of the Maritime Sector. The Policy would address all aspects that would lead to a pragmatic outlook and enable all stakeholders to participate with more determination.… Continue
Mathias Bak, Senior Executive of Maritime Anti-Corruption Network Denmark, led a training session for members of the Pakistan Ship Agents Association, organised by MACN and Global Compact Network Pakistan, with assistance from Tanvir Ahmad and Muhammad Akram of GCNP.
Prantik Group, formed in 1998, has become a reliable name in the Shipping industry of Bangladesh. The Group has celebrated its twenty-fifth year in Bangladesh this week. The Group provides various marine services, from marine and industrial engineering, vessel chartering, shipping & manning agency services, salvage & diving to shipbuilding & docking regionwide.… Continue
Today, in Karachi, the United States reaffirmed its commitment to partnering with the Government of Pakistan and the port and shipping industry to develop a national action. This plan will encourage more sustainable shipping practices to prevent global climate change and enhance Pakistan’s trade competitiveness.… Continue
Maersk (Maersk) and Equinor have signed an agreement securing supply of green1 methanol for Maersk’s landmark, new methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024.
The agreement ensures green methanol supply for the ship from its entry into operation on a loop from Northern Europe into the Baltic Sea after the name giving ceremony later this month in Copenhagen.… Continue
Pakistan National Shipping Corporation (PNSC) said the Senate Standing Committee on Maritime Affairs, headed by its chairperson, Senator Rubina Khalid, held a meeting at the PNSC Building in Karachi on September 06 to discuss the performance of PNSC and its plans.… Continue
Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e vs standard bunker fuel, roughly equivalent to 50 million pounds of coal burned.… Continue
DP World today signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast. The concession agreement was signed between S.… Continue
Royal Boskalis B.V. (Boskalis) completed a good first half year. The utilization of the fleet was high and all divisions posted a higher revenue combined with a sharp result increase. Compared to the same period last year, revenue increased by 22% to EUR 1.97 billion (H1 2022: EUR 1.61 billion).… Continue
DP World Limited has announced resilient financial results for the first six months to 30 June 2023. On a reported basis, revenue grew by 13.9% to $9,037 million and adjusted EBITDA5 grew by 7.0% to $2,611 million with adjusted EBITDA margin6 of 28.9%.… Continue
DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much-needed infrastructure and capacity to boost global supply chain resilience. The international trade enabler manages approximately 9% of the world’s handling capacity, among the top five global port operators.… Continue
Boskalis announces that subsidiary SMIT Salvage has removed all oil from the FSO Safer, located off the coast of Yemen in the Red Sea. During this United Nations (UN) coordinated operation, over 1.1 million barrels of oil were successfully transferred to a safe, modern tanker moored alongside the FSO Safer.… Continue
S I Global Solutions has succeeded by upgrading Deep Sea container port cranes with a state-of-the-art advanced surveillance system and the latest technology to improve port operations such as cargo and shipment handling.
The project will enhance the accuracy of container movement from large-sized vessels at the terminal to its cargo storage and significantly reduce overall operations time.… Continue
Seagold Private Limited, one of the leading logistics companies in Pakistan, is thrilled to announce that it has been honoured as one of the Top Cargo Agents for Karachi by Emirates SkyCargo for the year 2022-23. The prestigious award was presented at a grand ceremony at a local Karachi hotel.… Continue
Mr Zubair Motiwala, the Chief Executive (CE) of the Trade Development Authority of Pakistan (TDAP), visited the Ministry of Mines and Development, Afghanistan and Afghan Customs Headquarters, Kabul. Mr Motiwala, the Chief Guest at the Imam Abu Hanifa 2nd National and International Expo and Trade Fair, holds back-to-back meetings with the Afghan government and business community to promote Pakistan’s business interests in Afghanistan.… Continue
Pakistan Ship’s Agents Association (PSAA) has requested the government to allow the import of critical spare parts for foreign vessels to maintain their voyage smoothly. The facility was suspended for the last few months and needed reinstating. PSAA members are deeply perturbed due to the sudden discontinuation of clearance of ship’s spares in transit by Pakistan Customs which are needed for the smooth operation of any ship and may badly hamper Pakistan’s seaborne trade, which is heavily dependent on foreign shipping lines.… Continue
The premier port of Pakistan – Karachi Port cargoes and container handling were impacted in FY23 due to a challenging economic situation on the local and international front. The KPT expressed hope that since the economy is picking up, the next year handling data would reflect the progress.… Continue
A.P. Moller – Maersk (Maersk) has made an order for six mid-sized container vessels – all having dual-fuel engines able to operate on green1 methanol. Yangzijiang Shipbuilding Group will build the six 9,000 TEU vessels delivered in 2026 and 2027.
“With this order, we take another step in the green transformation of our fleet and towards our target of becoming net-zero in 2040.… Continue
DP World is set to commence operations at Indonesia’s Belawan New Container Terminal (BNCT), after finalising an agreement with the Indonesia Investment Authority (INA) and Pelindo to manage the terminal and begin a major expansion. The strategic partnership between the Indonesia Investment Authority (INA), Indonesian government-owned port operator Pelindo, and DP World, will create Indonesia’s most direct link with the Malacca Strait, one of the world’s busiest shipping routes.… Continue
Rear Admiral Jawad Ahmed, Chairman and CEO of the Pakistan National Shipping Corporation (PNSC), revealed that 80% of the oil imported into Pakistan is transported through the PNSC. Highlighting the critical role of the shipping industry, Rear Admiral Jawad Ahmed emphasised the need to promote and strengthen this sector.… Continue
Karachi Gateway Terminal Limited (KGTL), a joint venture of UAE’s Abu Dhabi Port Group and Karachi Port Trust to improve infrastructure and facilities at one of the major ports of Pakistan, was unveiled on Thursday. Sindh Governor Kamran Khan Tesori inaugurated the Karachi Gateway Terminal Limited by unveiling the plaque in a ceremony held here at Karachi Port Trust.… Continue
DP World is accelerating its adoption of renewable energy at the Port of Santos, Brazil’s leading multipurpose private terminal, as a vital step in its global strategy to achieve carbon neutrality by 2040. The initial phase focuses on replacing diesel fuel with electric power for the Santos terminal’s Rubber Tyred Gantry (RTGs) container handling cranes.… Continue
According to Shipping Industry sources, Pakistan International Container Terminal (PICT) will become Karachi Gateway Terminal Limited (KGTL) following the change of hands at Karachi Port tomorrow. The AD Ports Group and Karachi Port Trust are holding a landmark ceremony marking the signing of a 50-year concession agreement with Karachi Port Trust (KPT).… Continue