Pakistan’s first state-of-the-art mechanized, coal, clinker and cement bulk cargo terminal at Port Qasim has commenced its hot commissioning to become fully operational and achieved a significant milestone by handling the first coal cargo vessel of 41,000 tons to call the Terminal.
PIBTL is a public listed company quoted on Pakistan Stock Exchange and is sponsored by the Marine Group of Companies and also partly financed by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. The company has invested around US$ 285 million in the establishment of the county’s first and only common user Coal, Cement and Clinker handling terminal at Port Qasim.
PIBTL, under a 30 year BOT agreement with Port Qasim Authority, has built its own jetty and is equipped with two coal ship unloading cranes and one cement/clinker loading crane. PIBT is capable of handling 12 million tons of cargo per annum and has a storage yard spread on 62 acres.
The second coal vessel named MV IRIS OLDENDORFF has also docked at PIBTL on Tuesday, carrying 39,550 metric tons of coal with a DWT of 63,453 metric tons and the cargo handling activities have already been commenced. A coal cargo ship with similar tonnage of cargo currently takes around seven days at KPT while the same cargo can be handled within two days at PIBTL due to the modern and mechanized handling system.
A fully operational PIBTL will bring effectiveness and efficiencies for the port sector as well as for the trade and industry to match Pakistan’s port throughputs with the international standards of excellence. PIBTL will not only be easing off the existing port congestions at KPT and PQA but also be mitigating the environmental and efficiency concerns.