PNSC foresees short, medium and long term growth plan.

Byline: S. Kamal Hayder Kazmi

Undertaking an analysis of facts and figures available in Economic Survey of Pakistan FY2018-19, Pakistan National Shipping Corporation (PNSC) has planned Fleet Development Program (FDP) into short, medium and long term. PNSC has presently acquired two (02) LR-1 product tankers, which will increase PNSC's cargo carrying capacity and would further contribute to rise in revenue generation of the Corporation. While, in medium term PNSC intends to enlarge its dry bulk and liquid fleet and also intended to get into transportation of LNG and LPG business. However, in long term the ultimate objective of corporation is to improve and sustain deadweight carrying capacity of over 1.5 million tons by 2025.

Its present fleet consists of 11 vessels with a total deadweight (DWT) capacity of 831,711 metric tons and contributes significantly to Pakistan's imports and export volumes whereas on the other hand operate globally earning foreign exchange for the government exchequer. Officials of the corporation mentioned that PNSC is the custodian of Pakistan's illustrious shipping heritage and is Pakistan's national flag carrier. PNSC has strived to fulfill its duty to the nation towards offering Pakistan a reliable and dedicated shipping service thus representing the nation in the worldwide shipping arena. PNSC has evolved into an industrial provider of maritime freight services directly to producers, refineries and end-users of raw materials and commodities. PNSC's commercial and financial profile has enhanced significantly in present years.

Fleet Strength

Vessel Name###Bullt###Deadweight Length Overall###Gross

##MT###M###MT

M.T. QUETTA###JAPAN 2003###107,215###240.8###58,119

M.T. LAHORE###JAPAN 2003###107,018###246.8###58,157

M.T. KARACHI###JAPAN 2003###107,081###216.8###58,127

M.T. SHALAMAR###JAPAN 2006###105,315###228###55,894

M.T. BOLAN###KOREA 2013 74,919###220.89###42,411

M.T. KHAIRPUR###KOREA 2012 74,986###220.89###42,411

Bulk Carriers

M.V. CHITRAL###JAPAN 2003###46,710###185.73###26,395

M.V. MALAKANO###JAPAN 2004###76,860###225###40,040

M.V. HYOERABAD###JAPAN 2004###62,951###188.5###29,385

M.V. SIBI###JAPAN 2009###28,442###169.37###17,018

M.V. MULTAN###JAPAN 2002###60,244###180.8###27,086

##Total###831,711###455,043

The Corporation continues to maintain an enviable long term credit rating of AA from PACRA. These achievements could not have been possible without the focus and dedication from PNSC's management including...