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Pakistan Print 2022-08-06

PNSC acquires 2 second-hand Aframax tankers

  • Following the purchase, PNSC’s carrying capacity will increase to 107,123 metric tons
Published August 6, 2022

KARACHI: The Pakistan National Shipping Corporation (PNSC) has announced the acquisition of two secondhand Aframax crude oil tankers namely MT Mardan and MT Sargodha. MT Mardan has been inducted in PNSC’s fleet on August 3, 2022. The other vessel namely MT Sargodha will be inducted within a week.

With the induction of these two vessels, PNSC’s carrying capacity will increase to 107,123 metric tons, which is the highest PNSC has achieved since its inception in 1979. This acquisition will increase the employment opportunities for Pakistani seafarers. By employing these oil tankers in the oil trade will reduce the outflow of foreign exchange.

Meanwhile, Chairman Rizwan Ahmed Sheikh lauded the support and efforts of PNSC’s Board of Directors and the management in making this task possible.

Copyright Business Recorder, 2022

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Abdullah Aug 07, 2022 01:33pm
Brilliant, but our highly imperfect stock market won't even bat an eye to such news.
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