• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

PNSC Acquires Aframax Vessel from Singapore

by Suneela Zulfiqar
August 5, 2022
in Business, World
Reading Time: 1 min read
PNSC Acquires Aframax Vessel from Singapore
Share on FacebookShare on Twitter

The Pakistan National Shipping Corporation (PNSC) has acquired an Aframax vessel with a 105,000 metric ton deadweight.

An official source informed that a Singaporean company had bought the Japanese-built oil tanker ship. The ship will increase the national flag carrier’s overall capacity for oil shipment.

In the next ten days, one more ship will be added to the PNSC fleet, according to government sources. The national flag carrier’s fleet will now have 13 ships, bringing its total capacity to 1 million deadweight tons for the first time in its history.

The vessels have been purchased at a level of under $43 million whereas the current market value is $58 million. This has been possible due to a timely decision by the management by locking in the price three months ago while market value has increased substantially since then.

Despite the negative macroeconomic conditions that are currently in place in the nation, the Pakistan National Shipping Corporation (PNSC) Group was able to improve its profit after taxes by 18% in the first half of the fiscal year 2021–2022 (FY22). In comparison to the same period previous year, the company reported an after-tax profit of Rs. 1.204 billion for the said period, or Rs. 1.423 billion.

Tags: Aframax VesselJapanese-built oil tanker shiplatestPakistan National Shipping CorporationSingapore
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

Turkey Introduces E-Visa Service to Welcome Visitors from Pakistan

Turkey Introduces E-Visa Service to Welcome Visitors from Pakistan

Turkey Simplifies Visa Process for Pakistani Visitors with New E-Visa Service. Turkey has recently introduced a convenient e-Visa service, eliminating...

Pak Suzuki Announces Delisting from Pakistan Stock Exchange Plans

Pak Suzuki Announces Delisting from Pakistan Stock Exchange

Pak Suzuki Motor Company (PSMC) officially announced its decision to delist from the Pakistan Stock Exchange (PSX) on Monday. The...

Netanyahu will be tried as war criminal, says Erdogan

Netanyahu will be tried as war criminal, says Erdogan

On Monday, Turkish President Recep Tayyip Erdogan declared that Prime Minister Benjamin Netanyahu would face trial as a war criminal...

Gold Rate in Pakistan Today – 4 December – Latest Price

Gold Rate in Pakistan Today – 4 December – Latest Price

On Monday 4 December 2023, (Today) The 24-karat Gold rate is Rs. 219,800 and the Price of the 22-karat Gold...

Govt bans issuance of LOIs for hydropower projects

Govt bans issuance of LOIs for hydropower projects

The Federal government has imposed an immediate ban on issuing Letters of Interest (LoIs) for hydropower projects until guidelines for...

US Dollar vs Pakistani Rupee Rate Today – December 4, 2023

US Dollar vs Pakistani Rupee Rate Today – December 4, 2023

The Pakistani Rupee gain slight against the US Dollar during the initial hour of trading in inter-bank market on Monday....

Next Post
Punjab launch Universal Helpline ‘1421’ for tourists’ guidance and complaints

Punjab launch Universal Helpline ‘1421’ for tourists’ guidance and complaints

Recent Posts

  • Good News for Pakistanis: NADRA launched a digital Power of Attorney service
  • Turkey Introduces E-Visa Service to Welcome Visitors from Pakistan
  • Pak Suzuki Announces Delisting from Pakistan Stock Exchange
  • Salman Butt Gets Job Offer from Afghanistan Cricket Board
  • Pakistan-Qatar IT Conference Inaugurated

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk