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PNSC to buy five cargo ships |
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Monday, 08 March 2010 |
 Chairman Pakistan National Shipping Corporation (PNSC), Brigadier (Retd) Rashid Siddiqui said PNSC has already purchased two oil tankers,
while five cargo vessels with a total cost of Rs 100 million would be
purchased soon as negotiations in this regard are being held with the
federal finance department and SBP for provision of funds and long-term
loan.
He informed five cargo ships of PNSC would be scrapped soon, therefore,
so corporation would need new ships so that performance of the
organization could be enhanced. He mentioned that value of cargo ships
has decreased by 50 percent all over the world, therefore, the
corporation wants to buy more cargo ships so that shortage in the fleet
could end. The shipping corporation with a total cost of Rs 78 million
dollars has bought two oil tankers -MT Lahore and MT Karachi. Mt Lahore
has sailed out for trade while MT Karachi would be handed over to PNSC
soon, the Chairman said. The Chairman informed that currently PNSC has
11 ships in its fleet for cargo handling. He urged PNSC should be
utilised, as shipping agency and all government institutions of the
country should use our ships for import and export of goods as this
would cut expenditures and put an end to commission menace.
Source: Daily Times
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