With its main office in Karachi, the Pakistan National Shipping Corporation (PNSC) is the national flag carrier of Pakistan. The company’s primary business is shipping, which includes cargo transportation, vessel charter, and the provision of commercial, technical, administrative, financial, and other services to its affiliates and other parties.
Graana.com has discussed everything you need to know about PNSC, including its overview, subsidiary companies and services.
Overview
Transporting dry bulk and liquid goods throughout the world is the primary business of Pakistan National Shipping Corporation (PNSC), the country’s flag carrier. Since 1980, it has been listed on the Pakistan Stock Exchange, and its management offices are situated in Karachi, Pakistan. Although PNSC is an independent company, it is managed by the Pakistani government’s Ministry of Maritime Affairs.
It oversees property properties, a repair workshop, and a fleet of twelve ships. With a combined carrying capacity of 938,876 tonnes of deadweight, their fleet consists of a combination of double-hulled Aframax tankers, LR-1 Product tankers, Panamax bulk carriers, Supramax, Handymax, and Handysize bulk carriers, all of current vintage.
They ship practically any kind of cargo via a variety of routes that span the globe. For instance, they transport iron and steel products, fertilisers, minerals, forest products, ores, bauxite, alumina, cement, and other building supplies on their Handymax and Handysize dry bulk carriers.
Together with grain for feedstocks, their Panamax dry bulk carriers transport coal, iron ore, and other materials needed to produce energy and steel. Their ships transport a variety of commodities for several well-known international traders and charterers, contributing to global seaborne trade along several trade routes.
Professionals with extensive training and expertise are in charge of operating their vessels. While making sure their vessels meet the strictest safety and environmental regulations, they are committed to serving the interests of stakeholders and increasing shareholder value through the optimization of returns on our investments.
Subsidiary Companies
Following are the subsidiary companies of PNSC:
- Bolan Shipping Pvt. Ltd.
- Chitral Shipping Pvt. Ltd.
- Hyderabad Shipping Pvt. Ltd.
- Pakistan Marine and Shipping Services Company Pvt. Ltd.
- Khairpur Shipping Pvt. Ltd.
- Johar Shipping Pvt. Ltd.
- Lalazar Shipping Pvt. Ltd.
- Makran Shipping Pvt. Ltd.
- Malakand Shipping Pvt. Ltd.
- Sargodha Sipping Pvt. Ltd.
- Shalamar Shipping Pvt. Ltd.
- Sibi Shipping Pvt. Ltd.
- Swat Shipping Pvt. Ltd.
- National Ship Management and Crewing Pvt. Ltd.
- Pakistan Co-operative Ship Stores Pvt. Ltd.
- Lahore Shipping Pvt. Ltd.
- Karachi Shipping Pvt. Ltd.
- Quetta Shipping Pvt. Ltd.
Services
Following are different services provided by Pakistan National Shipping Corporation (PNSC).
Tanker Services
As a PNSC subsidiary, National Tanker Company (NTC) was founded in 1981 and has since moved approximately 87.9 MT of crude oil via its tanker “JOHAR” and other contracted ships. It then amalgamated with PNSC in 2003 and went out of business.
Since it began tanker operations in 1998, PNSC has transported approximately 120 million tonnes of crude and fuel oil, or 12 million tonnes yearly. PNSC currently runs two LR-I Product Tankers with a capacity of 74,000 DWT and five contemporary double-hull Aframax tankers with a capacity of 107,000 DWT. These ships operate a shuttle service for Pakistan’s oil industry between MEG ports.
Apart from catering to the needs of the national trade, PNSC has established a reputation in the nearby markets, shipping crude oil to various destinations such as Bangladesh, Bangladesh, Sri Lanka, Thailand, and Singapore.
Apart from its own ships, PNSC also hires tons on the spot market to meet any extra needs.
Bulk Carriers
“KAGHAN” was the first bulk carrier that PNSC purchased in 2006. In order to accommodate various large and small bulk trades, PNSC has since been able to add four more contemporary bulk carriers of various types and sizes. These consist of a handy size from 2009, a handymax, a supramax, and an additional Panamax from the 2003 era. PNSC is ideally positioned to handle any global trade, with an average age of less than nine years. These days, bulk carriers transport iron ore, coal, cereals, other bulk materials, lumber, fertilisers, and other completed goods from all continents.
NVOCC/SLOT
Through slot charter agreements with all major shipping lines, PNSC maintains a global NVOCC/SLOT operation that includes all eastern and western ports.
Agency
With ten years of expertise as an owner-operator, PNSC provides exclusive agency services. An effective and customer-focused agency department is overseen by PNSC. With hundreds of calls in the ports of Karachi and Bin Qasim, PNSC provides any principal with first-rate agency services. Services that are affordable for ship chandling, stores, repairs, and cargo operations.
Stevedoring
Stevedoring is managed by Pakistan Marine And Shipping Services Company (Private) Limited. Its mission is to reach its maximum potential in terms of business stream expansion and growth, to establish itself as a leading provider of supply chain management and stevedoring services to the Pakistani market; to be the most preferred partner in its technical domains; and to distinguish itself as a model business that bases its success on resource management.
With decades of experience in the maritime industry, Pakistan Marine and Maritime Services Company is an autonomous stevedoring arm of a significant ship ownership company. Our organization was the first to introduce the idea of stevedoring, offering top-notch services to help Pakistan’s expanding shipping and cargo handling sectors.
Our portfolio has expanded to include supply chain management services today, serving a variety of industries and enterprises by offering our clients top-notch staffing and logistical solutions. A shared set of fundamental values unites the stevedoring operations of Pakistan Marine and Shipping Services Company.
FAQs About Pakistan National Shipping Corporation (PNSC)
Following are the most common questions and their answers about PNSC.
What is the Pakistan National Shipping Corporation (PNSC)?
PNSC is the national flag carrier of Pakistan, primarily involved in shipping activities such as cargo transportation, vessel charter, and providing commercial, technical, administrative, and financial services.
Where is the main office of PNSC located?
The main office of PNSC is located in Karachi, Pakistan.
When was PNSC listed on the Pakistan Stock Exchange?
PNSC has a listing on the stock market since 1980.
How many ships does PNSC operate, and what is their carrying capacity?
PNSC operates a fleet of twelve ships with a combined carrying capacity of 938,876 tonnes of deadweight. The fleet includes Aframax tankers, LR-1 Product tankers, Panamax bulk carriers, Supramax, Handymax, and Handysize bulk carriers.
What types of cargo does PNSC transport?
PNSC transports a variety of cargo, including dry bulk goods like iron, steel, fertilisers, minerals, ores, cement, grains, coal, and iron ore, as well as liquid goods through its tankers.
What are some of the subsidiary companies of PNSC?
Some of the subsidiary companies include Bolan Shipping Pvt. Ltd., Chitral Shipping Pvt. Ltd., Hyderabad Shipping Pvt. Ltd., Pakistan Marine and Shipping Services Company Pvt. Ltd., and Khairpur Shipping Pvt. Ltd., among others.
What services does PNSC offer?
PNSC offers tanker services, bulk carrier services, NVOCC/SLOT operations, agency services, and stevedoring services.
How much crude oil has PNSC transported since it began tanker operations?
Since it began tanker operations in 1998, PNSC has transported approximately 120 million tonnes of crude and fuel oil.
What is the role of Pakistan Marine and Shipping Services Company (Private) Limited in PNSC’s operations?
Pakistan Marine and Shipping Services Company (Private) Limited manages stevedoring operations and aims to expand business streams, establish itself as a leading supply chain management provider, and offer top-notch staffing and logistical solutions.
How does PNSC ensure the safety and environmental compliance of its vessels?
It operates its vessels with a focus on strict safety and environmental regulations. It is managed by professionals with extensive training and expertise, ensuring stakeholder interests are served and shareholder value is optimised.
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