Pakistan National Shipping Company increases oil tankers in its fleet to six

KARACHI: The newly acquired oil tanker by Pakistan National Shipping Company (PNSC), MT Khairpur has reached Karachi port, which brings the number of oil tankers in PNSC fleet to six.

The ship, known as a clean product tanker, is Korean made with a capacity of 75,000 DWT of LR-1 category. It was built in 2012, then reconditioned and upgraded in accordance with the requirements of the PNSC.[the_ad id=”31605″]After inspecting the vessel, Federal Minister for Ports and Shipping Ali Zaidi said another oil tanker had been added into PNSC’s fleet and added this would provide relief in the freight Pakistan had to pay for oil imports.

Zaidi said exploration and drilling activities in the sea were on and a depth of 5392 meters had already been reached. “Confirmed details regarding oil and gas reserves would be received within two weeks.”

The Minister for Maritime Affairs said Pakistan had to repay $9.09 billion this year, while a sum of $27 billion had to be repaid in next two years. “PTI government only approached IMF so that loans taken by previous governments could be repaid.”

Ali Zaidi said government could not provide relief in the rates of electricity and gas, as this would compel the government to take more loans. Talking about the circular debt, Minister said the issue would be solved by 2022.

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