Pakistan National Shipping Corporation (PNSC) was established through an Ordinance XX of 1979 that merged two shipping companies, NSC and PSC. With this merger, the Corporation took over the assets of its predecessors in the form of 48 ships of total dwt 579,486 in 1979.
CURRENT FLEET
ARTICLE: PNSC's current fleet comprises 9 vessels (4 Aframax tankers and 5 bulk carriers) with a total deadweight (DWT) capacity of 681,806 metric tons and contributes significantly to Pakistan's Import and Export volumes earning foreign exchange for the Government exchequer. Names and details of vessels in PNSC fleet are listed below:
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SHIP ACQUIRED IN TYPE DWT
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SIBI 2011 HANDYSIZE BC 28,442
HYDERABAD 2011 SUPRAMAX BC 52,951
MALAKAND 2010 PANAMAX BC 76,830
CHITRAL 2010 HANDYMAX BC 46,710
MULTAN 2012 SUPRAMAX BC 50,244
QUETTA 2008 AFRAMAXTANKER 107,215
LAHORE 2010 AFRAMAXTANKER 107,018
KARACH I 2010 AFRAMAX TAN KER 107,081
SHALAMAR 2014 AFRAMAXTANKER 105,315
TOTAL 681,806
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"PNSC'S business profile has gained significant strength in recent years as exhibited by continuous improvement in business margins on account of efficient fleet utilization, better pricing strategy, and cost management measures taken by the management."
Youngest Fleet Since Inception, Average Age of 12 years as Compared to World Fleet Average Age of 15.53 years
Pakistan Seaborne Trade
-In terms of value US$ 65.28 billion of which 92% is carried by sea.
-In terms of volume seaborne trade is 83.286 million Tons:
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- DRY : 53.86
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Million Tons
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- LIQUID : 29.42
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Million Tons
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COMMERCIAL PERFORMANCE
-- Total Petroleum Imports of Pakistan: 21.87 Million Tons
Petroleum Products = 13.38 Million Tons per Annum (Furnace Oil 6, HSD 3 and Petrol 4.1 Million Tons)
Crude Oil = 8.49 Million Tons per Annum
-- PNSC Share = 11.8 Million Tons
Contribution to Pakistan Economy 2001 - 2016
-- Saving of foreign exchange to the tune of US$ 852 million from transportation of oil
-- Foreign Exchange Revenue Earned from Shipping Business is equivalent to US$ 1.710 billion
PNSC TODAY
-- Shore Management ISO - 9000/2008 Certified
-- Ships - Certified to International Standards of IMO
-- SES (Ship Expert System) Monitoring Ship Operations round the Clock
-- Class Approved Computerized Management System (CMMS) -NSS
-- Fuel Slide Valves installed in all Tankers to get benefit of Reduced Fuel Consumption
-- BP Lubricant Optimization Tool to Optimize Costs
-- Youngest Fleet since inception in 1979
Government of Pakistan agreed to PNSC's proposal towards rationalization of Duties and Taxes for the procurement of vessels for the benefits to the Maritime Sector of Pakistan
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Until July 2016
June 2016 Onwards
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Sales Tax 17% 0%
Custom Duty 10% 0%
Withholding Tax 6% 0%
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