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PNSC Monthly Newsletter March 2016 Final Published

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PNSC Monthly Newsletter March 2016 Final Published Monthly Newsletter March - 2016 INTRODUCTION OF PNSC PNSC PERFORMANCE FINANCIAL Pakistan National Shipping Corporation (PNSC), is a National Flag carrier enjoys a global presence in the shipping world with a fleet of nine (09) Provisional revenue generation for ships. It undertakes business operations in an internationally competi- the month of March 2016 was PKR tive environment, competes even for transportation of national imports 642.093 million through freight on lifting of Liquid Cargo, and PKR and exports and earns most needed foreign exchange for Pakistan. 205.295 million against freight on PNSC fleet is a mix of double hull Aframax tankers, Panamax, Supra- lifting of Dry Cargo. In total, monthly max, Handymax and Handysize bulk carriers, all of modern vintage, hav- revenue of PNSC was PKR 847.388 ing a total deadweight carrying capacity of 681,806 metric tons. PNSC million approx. transports all types of dry and liquid bulk cargoes on several geographi- cal routes covering almost entire world. PNSC undertakes three main COMMERCIAL functions: • Fleet Maritime Operations During the month of March 2016, PNSC lifted 958,124.79 metric tons • Real Estate Management of Three Commercial Buildings liquid and 43,583 metric tons Break • Marine Workshop (Repair & Maintenance of ships) Bulk/Bulk cargoes. PNSC also pro- vided Slot/NVOCC services and transported 359 TEUS during the month. All the five Dry bulk carriers remained fully employed on trip /voyage / time charter worldwide. THE NATIONAL FLAG CARRIER THE NATIONAL PAKISTAN NATIONAL SHIPPING CORPORATION P.N.S.C Building M.T Khan Road, P.O. Box No. 5350, Karachi-Pakistan. Phone : (92-21) 99203980-99 (20 Lines) www.pnsc.com.pk Pakistan National Shipping Corporation BUSINESS DEVELOPMENT MEETING WITH TOP OFFICIALS During the month, Chairman PNSC met with top management of prominent organizations and exchanged views on mutual cooperation. • Appeared as Chief Guest at Generation School on its Sports Day. • Meeting with Commandant PMA. • Meeting with Mr. Mansoor M. Khan, SEVP / Group Head Corporate, Investment Banking UBL. • Meeting with Mr. V.K. Saigal, MD SDS Shipping & Arshad Aziz, Director Petro Sourcing. • Meeting with PMA Cadets where Chairman PNSC addressed the participants. • Meeting with Mr. Mustafa Hamdani, Corporate Head Bank of Punjab. • Meeting with Council General of Iran. VESSEL WISE VOYAGE QUARTERLY PERFORMANCE OF PNSC PNSC January‐2016 February‐2016 March‐2016 FLEET No. of Voyages Cargo lifting No. of Voyages Cargo lifting No. of Voyages Cargo Lifting Dry Bulkers (Cargo Lifting) MV Malakand Cont. from Dec - Vessel was loading - 1 - MV Chitral 1 36,963 Cont. from Jan - Vessel was loading - MV Hyderabad Cont. from Sep - 1 40,000 Cont. from Sept - MV Sibi 1 27,500 1 21,721 1 43,583 MV Multan Cont. from Nov - 1 38,000 Cont. from Nov - Tankers (Cargo Lifting) M.T Karachi 3 218,109 2 135,125 1 73544 M.T Lahore 2 124,708 3 205,861 4 269757 M.T Quetta 3 213,725 2 78,200 2 141067 M.T Shalamar 3 203,039 2 129,046 3 206822 PNSC GROUP FINANCIAL HIGHLIGHTS FOR FIRST THREE QUARTERS PNSC Group after tax profit has been increased to Rs 1,364 million during the period July – March 2015-16 against Rs 1,051 million in the same period last year. Earnings per share for PNSC Group have been increased to Rs 10.33 from Rs 7.96 in the corresponding last period (July – March 2015-16). The National Flag Carrier of Pakistan, trading under the name of Pakistan National Shipping Corporation (PNSC) Pakistan National Shipping Corporation The Federal Minister for Ports & Shipping was invited by the Chief of Naval Staff Admiral Mohammad Zakaullah Chairman PNSC presenting souvenir to The Federal Minister for Ports & Shipping wit his Mr. Mansoor M. Khan, SEVP / Group Portuguese counter part. Head Corporate, Investment Banking The Federal Minister for Ports & UBL Shipping addressing the audience at Rome Embassy. Chairman PNSC presenting souvenir to Mr. Mustafa Hamdani, Corporate Head Bank of Punjab Chairman PNSC invited as Chief Guest for Sports Day at Generation School. PNSC AROUND THE WORLD SHIPPING - The Life Blood of World Trade Pakistan National Shipping Corporation PORTS & SHIPPING NEWS KPT Mulling Options For Deep- China to construct additional berths Water Port Connectivity at Gwadar Port The Karachi Port Trust (KPT) is considering vari- China will construct additional multipurpose ous options to give connectivity to the upcoming berths at Gwadar port to make the deep sea port Pakistan Deep Water Container Port (PDWCP), fully operational . Minister of State for Parlia- including increase in the capacity of traffic flow by k mentary Affairs Sheikh Aftab Ahmed briefed separating city-bound and port traffic. The KPT .p that currently three berths are operational at the has undertaken different studies in this regard, m o port. Federal Minister for Ports and Shipping including construction of harbour crossing bridge, c c. Senator Kamran Michael said that first phase of elevated expressway and Malir Expressway from s Gwadar port was completed in 2005 with three DHA City to Karachi Port. All these projects need n .p multipurpose berths – each 200 meters long – billions of rupees, for which the KPT is seeking w dredged to 14.5 meter including one Roll-on- financing from the Asian Development Bank w Roll-off (RORO) facility and another 100 meter (ADB) and Japan International Cooperation w service berth. All these berths are fully opera- Agency (JICA). KPT was also reviewing options tional. The first expansion of the existing multi- to construct these projects on a public-private part- purpose terminal eastwards on 990 meters was nership (PPP) or on a built operate and transfer planned in the second stage of Early Harvest (BOT) basis. (Reported in Daily Dawn, 6th March Phase of CPEC. (Reported in Express Tribune, 2016) 10th March 2016) GLOGBAL SHIPPING NEWS Trade with post-sanctions Iran Lifting of sanctions from Iran is a great opportunity for Pakistani businessman to capture the Iranian market. Board of Investment (BoI) Chairman Dr Miftah Ismail said leadership of both the countries had vowed to enhance bilateral trade up to 30 per cent annually with a goal to take the volume up to $5 billion in next five years. Iran could buy Pakistani products including textile, foods, agriculture and pharmaceutical while Pakistan could also import gas from Iran to fulfil its growing energy demands. Pakistan and Iran agreed to further bolster their bilateral relations in diverse areas of trade, economy and energy, besides deciding to open two additional crossing points along their border to encourage and facilitate trade and people-to-people contacts. Prime Minister Nawaz Sharif said Pakistan and Iran enjoy close and fraternal ties which were rooted in the shared history of culture and religion. He said it was his third meeting with the Iranian Presi- dent in less than three years, which depicted depth and warmth of their relations. (Reported in Business Recorder, 26th March 2016) Trade Area East / Trade Area West Muzaffar Ahmad Head of Trade Area East / West Telephone Direct + 92 21-99204054 Bulk Carriers Mobile +92-300-2532457 Capt Mustafa Kizilbash Actg. Manager (Chartering) Phone: +92-21-99204014, +92-3018230769 Fax: +21-21-99203974 & 35636658 E-Mail:[email protected] Tankers Capt. Babur Shafiq Actng. Manager (Tanker) Mobile: +92 0300 - 8210119 Direct Office: +92 21-99204040 .
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