PNSC to purchase two tanker vessels: Senate told

News Image

By MG News | January 26, 2018 at 02:59 PM GMT+05:00

0:00

Minister of State for Maritime Chaudhry Jaffar Iqbal Friday informed the Senate that Pakistan National Shipping Corporation (PNSC) is in the process for purchasing two tanker vessels to cater for the requirements of the country.

Replying to a question during question hour in the House, the minister said that PNSC’s current fleet comprises 9 vessels (4 Aframax tankers and 5 bulk carriers) with a total Dead Weight Tonnage (DWT) with capacity of 681,806 metric tons.

“PNSC’s fleet is modernized and seaworthy sailing in the competitive international market. PNSC comprises of modernized fleet with average age of 12 years compared to 15 years worldwide,” he said.

Jaffar Iqbal said that Pakistan does not have any major workshop to repair the ships and the heavy repair work is done from the different countries through competitive bidding.

The minister said that at present nine ships are functional and overhauling is done there after two or three years.

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,790.00 110,265.00
108,625.00
575.00
0.53%
BRENT CRUDE 70.51 70.71
69.61
0.36
0.51%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.77 68.94
67.70
0.44
0.64%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg