PIBTL secures marginal wharves for coal handling amid fire recovery

MG News | December 06, 2024 at 10:20 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 06, 2024 (MLN): Pakistan International Bulk Terminal (PSX: PIBTL) announced today that Port Qasim Authority has approved the handling of PIBT's coal vessels at Marginal Wharves 3&4, Port Qasim until normal operations are fully restored at the company.

PIBTL disclosed on Wednesday that its infrastructure has suffered significant damage due to a serious fire incident at the terminal during the discharge of coal cargo.

In a notice to its customers, the company stated that the fire occurred due to circumstances beyond PIBTL’s reasonable control, causing significant damage to a portion of the terminal and partially affecting its ability to fulfill its obligations.

However, yesterday, PIBTL assured all concerned stakeholders that operations at the PIBT have continued unabated despite a fire incident on November 19, 2024, which caused considerable damage to some terminal infrastructure. the company's filing on PSX was revealed today.

Swift action by PIBT ensured that alternate arrangements were made to maintain cargo discharge operations, minimizing customer disruption.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,855.00	64,485.00 62,835.00	180.00 0.28%
BRENT CRUDE	87.10	89.90 85.80	-3.28 -3.63%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.60	87.23 83.20	-3.11 -3.55%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%