Pakistan National Shipping Corporation (PNSC) through its subsidiary companies has recently contracted to purchase two Aframax double hull crude oil tankers both Japan-built 2003. According to an information sent to Karachi Stock Exchange (KSE) on Wednesday, one vessel will be delivered in February 2010 and the other in April 2010.

The PNSC plays a vital role in transportation of strategic crude oil from the Persian Gulf to Pakistan. The addition of these two vessels will augment carrying capacity of PNSC as well as replace its age-old vessels.

Copyright Business Recorder, 2010