Pak shipping corporation aquires new Chinese bulk carrier ship

The Pakistan National Shipping Corporation has acquired a new bulk carrier ship from China.

Last Updated: Dec 29, 2010, 11:40 AM IST

Islamabad: The Pakistan National Shipping
Corporation has acquired a new bulk carrier ship from China,
enhancing its fleet to nine vessels.

A PNSC team took over the ship MV Malakand at the
Chinese port of Dalian yesterday.

The 76,830-tonne ship was purchased by PNSC from a
subsidiary of a Greek shipping firm.

The Panamax-class bulk carrier was built in 2004 in
Japan.

The acquisition of three new ships was part of PNSC`s
fleet development plan, for which the corporation made an
outlay of Rs 70 million.

The new vessels have increased PNSC`s total carrying
capacity to 565,319 metric tonnes, a spokesman said.

The planned acquisition of ships in the five year
development plan for 2010-15 is based on attaining modern and
competitive tonnage to serve Pakistan`s sea-borne trade and
provide competitive services for world trade, the spokesman
said.

The five year plan caters for the induction of two to
three Handy or Supramax-class bulk carriers within the current
fiscal year and preferably before the end of the first quarter
of 2011.

Induction of a product tanker and an LNG carrier is
also part of the plan to serve the country`s energy sector.

PTI