Pakistan National Shipping Corporation

ThePakistan National Shipping Corporation (PNSC) is an autonomous megacorporation owned and run under the control of the Ministry of Ports and Shipping of Pakistan.

History

In 1971, then President Zulfiqar Ali Bhutto nationalized all Pakistan-based shipping companies. Among the companies that were nationalized were the Muhammadi Steamship Company Limited and the East & West Steamship Company.

The nationalized companies were later merged into a single company as the Pakistan National Shipping Corporation, incorporated under the provisions of the Pakistan National Shipping Corporation Ordinance of 1979 and the Companies Ordinance of 1984, respectively. The company has a number of subsidiaries.

On April 21, 2010 Pakistan National Shipping Corporation (PNSC) acquired its third state of the art modern double hull Aframax oil tanker named M.T. “KARACHI” for its subsidiary company, M/s. Karachi Shipping (Pvt) Limited. The M.T. KARACHI is a July 2003, Japanese built, 107,081 deadweight tonnage, double hull, Aframax crude oil tanker. The vessel has been purchased from a company owned by M/s Tsakos Energy Navigation Ltd. - Greece. Induction of M.T. KARACHI is another milestone in heralding an era of rejuvenation, expansion and amplification of PNSC fleet through induction of modern ships to serve Pakistan’s trade and also of the world at large.

Operations

"PNSC" is the national flag carrier managing a fleet of 11 vessels. The Corporation's head office is located...
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