The Pakistan government is considering to having its own container feeder fleet, through public or private sector, to save country foreign exchange totalling US$3 billion annually, paid as shipping freight to foreign shipping companies.
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A new direct service between Karachi Port to Europe has been launched by United Marine Agencies in conjunction with Hamburg Sud to cater to the ever growing demand as trade volumes continued to grow between the two destinations.
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From June 2008, the Karachi Port would be able to receive vessels of over 12 metre. All arrangements for safe docking for a 275metre long container vessel with 13.6meter summer draft, is being made.
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With possibility to ship breakers have a better chance of getting scrap ships, the industry proposed to import one million tons of light displacement tonnage (LDT) scrap vessels during this month and the next.
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Posted on: Wednesday, September 19, 2007 ; 04:28 IST
Conference rate increase and currency adjustment factor has been attributed by international shipping lines to increase the freight charges up to US$ 500 per 40-foot container on export cargo and US$200 per 20-foot container. The rate increase has come in
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With a view to modernize shipbuilding yards and develop shipbuilding the Pakistan government has set up a Policy Board for Development of Shipbuilding Industry and the Prime Minister has been appointed its chairman.
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Considering the potential and the contribution it can make towards furthering the economy,the country needed shipyards with bigger docks, Pakistan President General Pervez Musharraf has said.
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RPTL signs power pact with western region power utilities
Reliance Power Transmission (RPTL), subsidiary of Reliance Infrastructure, India’s largest private sector enterprise in power utility, has signed power transmission agreement with eight entities from western India for two inter-state power transmission projects.
RPTL signed the agreement through its two Special Purpose Vehicles (SPVs) for the projects under the Western Region System Strengthening Scheme-II (WRSSS-II), entailing an investment of INR18 billion, for establishing 400 KV double circuit transmission lines of around 1,500 kms, mainly in Maharashtra Continue
