Pakistani state outfit expanding fleet

Pakistan National Shipping Corp’s (PNSC) fleet renewal plan is gathering pace.

The Karachi-based shipowner has added two aframax tankers, the 14-year-old 107,000 dwt Eagle Torrance and the same sized, same aged Koyo Dock-built Eagle Turin. The tanker pair brings its aframax arm up two six. The vessels are already renamed and delivered. No price is reported on the pair, however, the online pricing portal VesselsValue indicates that the seller, Singapore-based AET Tankers, might have fetched around $30m each.

More deals are in the making, its procurement division notes that it plans to purchase more ships this year, including a chemical tanker, as well as looking at the newbuilding market for more aframaxes. It also plans to purchase a secondhand ultramax, a bulker that will join five vintage bulkers in a similar size range.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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