Business & Finance

PNSC to purchase two tanker vessels: Senate told

Published January 26, 2018 Updated January 26, 2018 09:24am

Replying to a question during question hour in the House, the minister said that PNSC’s current fleet comprises 9 vessels (4 Aframax tankers and 5 bulk carriers) with a total Dead Weight Tonnage (DWT) with capacity of 681,806 metric tons.

“PNSC’s fleet is modernized and seaworthy sailing in the competitive international market. PNSC comprises of modernized fleet with average age of 12 years compared to 15 years worldwide,” he said.

Jaffar Iqbal said that Pakistan does not have any major workshop to repair the ships and the heavy repair work is done from the different countries through competitive bidding.

The minister said that at present nine ships are functional and overhauling is done there after two or three years.

Copyright APP (Associated Press of Pakistan), 2018