Pakistan boosts shipping capacity as PNSC grows to 12 vessels

August 28, 2025 (MLN): To enhance Pakistan’s maritime and energy transport capacity, the Pakistan National Shipping Corporation (PNSC) has expanded its fleet from 10 to 12 vessels with the induction of two Aframax-class tankers, Swan Lake and P. Aliki.

PNSC Chief Executive Officer Zarar Hussain briefed Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on the development.

The meeting was attended by Maritime Secretary Syed Zafar Ali Shah, other officials, and the heads of Karachi Port Trust and Port Qasim Authority (PQA).

Minister Chaudhry highlighted that the addition of these new tankers has increased the PNSC fleet to 12 ships and reaffirmed the government’s commitment to strengthening the national shipping sector.

He further announced the ambition to expand the fleet to 20 vessels by the end of the year.

He emphasized PNSC’s vital role in transporting crude oil and petroleum products, according to the press release issued today.

He noted that Aframax tankers, with a capacity of 80,000 to 120,000 deadweight tonnes, are favoured globally for their ability to access ports inaccessible to larger Very Large Crude Carriers (VLCCs).

This expansion is expected to enhance Pakistan’s ability to efficiently manage rising energy imports.

Acknowledging the country’s dependence on imports for nearly 70% of its energy needs, largely crude oil and refined products, the minister underlined that expanding the national fleet will reduce reliance on foreign shipping lines.

At present, freight payments to foreign carriers cost Pakistan around $4.6 billion annually.

By transporting more cargo on its own vessels, PNSC aims to save significant foreign exchange, increase revenues, and strengthen energy security.

The minister also noted that PNSC is actively exploring new business opportunities both domestically and internationally, as part of broader efforts to revitalize the maritime economy and build supply chain resilience against external shocks.

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