PNSC looks to double fleet size

PNSC looks to double fleet size

Pakistan National Shipping Corporation (PNSC) has outlined significant fleet expansion plans.

PNSC currently manages a fleet of nine ships, including four 107,000 dwt aframaxes and various different sizes of bulk carriers. The total fleet is 681,000 dwt.

With demand for oil high in Pakistan, the company is looking at more tankers and to enhance its contracts of affreightment with local oil refineries, and cut its exposure to the spot market.

Looking further ahead the firm has laid out goals for a fleet of 1.5m dwt by 2025 with more aframaxes, product tankers and supramax bulk carriers. It laid out this plan while releasing its latest financial results today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    Umair
    August 28, 2015 at 10:01 am

    Dear Sam,

    PNSC did not release its results today. This was outlined in their 2014 annual report.
    Sincerely.