Company flag | |
Civil Ensign of Pakistan | |
Shipping industry | |
Industry | Shipping and Vessel Industry |
Genre | Megacorporation |
Predecessor | National Shipping Corporation (NSC) Muhammadi Steamship Company Limited East & West Steamship Company |
Founded | 1971 |
Headquarters | , |
Key people | Rizwan Ahmed [1] (Chairman, CEO ) |
Products | Cargo Ships, Tankers, Container ships, and Bulk carriers |
Rs. 2.47 Billion [2] (Profit after tax as of June 2017) | |
Owner | Government Share 77.13% PNSC Employees Empowerment Trust (12%) Financial institutions (3.80%) Individuals (7.07%) |
Parent | Pakistan National Shipping Corporation Ordinance of 1979 |
The Pakistan National Shipping Corporation, abbreviated PNSC, is the national flag carrier and a state-owned megacorporation under the administrative control of the Secretary to the Government of Pakistan for Maritime Affairs. The Corporation's head office is located in Karachi. A regional office based in Lahore caters for upcountry shipping requirements. The Corporation also has an extensive overseas network of agents looking after its worldwide shipping business. The Pakistan Merchant Navy is the fleet of state-owned merchant vessels flying the flag of Pakistan National Shipping Corporation and the Civil Ensign of Pakistan.
The Maritime Secretary of Pakistan, also referred to as Ports and Shipping Secretary, is the Federal Secretary for the Ministry of Maritime Affairs. The position holder is a BPS-22 grade officer, usually belonging to the Pakistan Administrative Service. The Maritime Secretary heads the Ministry which is the central administrative authority on Pakistan’s ports and shipping industry, making it a coveted slot in the Government of Pakistan. Key organisations such as the Pakistan National Shipping Corporation (PNSC), Karachi Port Trust (KPT), Port Qasim Authority (PQA) and Gwadar Port Authority (GPA) come under the purview of Maritime Secretary. The current Maritime Secretary is Rizwan Ahmed.
Karachi (Urdu: کراچی; ALA-LC: Karācī, IPA: [kəˈraːtʃi]; is the capital of the Pakistani province of Sindh. It is the most populous city in Pakistan, and fifth-most-populous city proper in the world. Ranked as a beta-global city, the city is Pakistan's premier industrial and financial centre. It is the cultural, economic, philanthropic, educational, and political hub of the country, and Pakistan's most cosmopolitan city. Situated on the Arabian Sea, Karachi serves as a transport hub, and is home to Pakistan's two largest seaports, the Port of Karachi and Port Bin Qasim, as well as Pakistan's busiest airport, Jinnah International Airport.
Lahore is the capital of the Pakistani province of Punjab. Lahore is the country's second-most populous city and is one of Pakistan's wealthiest cities, with an estimated GDP of $58.14 billion (PPP) as of 2015. Lahore is the largest city, and historic cultural centre of the Punjab region, and one of Pakistan's most socially liberal, progressive, and cosmopolitan cities.
The Chairman of PNSC is appointed by the federal government, and is usually a three star naval officer (or of equivalent rank from other services). The PNSC Chairman as of July 2018 is Rizwan Ahmed. Former PNSC chairmen include Admiral Yastur-ul-Haq Malik, Admiral Saeed Mohammad Khan and Admiral Mansurul Haq. [3] [4]
The Government of Pakistan is a federal government established by the Constitution of Pakistan as a constituted governing authority of the four provinces of a parliamentary democratic republic, constitutionally called the Islamic Republic of Pakistan.
Rizwan Ahmed is a Pakistani civil servant who serves in BPS-22 grade as the Maritime Secretary of Pakistan, in office since April 2019. Rizwan did his two-year Master in Public Administration from Harvard University and has remained a Teaching Fellow at the Harvard Kennedy School for Financial Management. He first rose to prominence in 2017 when a record amount of up to PKR 8 billion was saved and recovered during his tenure as Chairman of the Trading Corporation of Pakistan.
Admiral Yastur-ul-Haq Malik, NI(M), SBt, is a retired four-star rank admiral who served as the Chief of Naval Staff (CNS) of Pakistan Navy from 10 November 1988 until retiring from his military service on 8 November 1991. Admiral belonged to a family of Top Generals and bureaucrats. Notable members of the family include his brothers Vice Admiral Ikram ul Haq Malik (R), Brigadier Manzoor Ul Haq Malik (R), and General Zahoor Ul Haq Malik (late).
The Pakistan Merchant Navy was formed after independence in 1947, when Pakistan inherited a fleet of four privately owned cargo ships. The Ministry of Maritime Affairs, Mercantile Marine Department and Government Shipping Office established by the Government of Pakistan were authorized to flag the ships and also ensured that the vessels was sea worthy.
The Ministry of Maritime Affairs which was formerly known as the Ministry of Ports and Shipping is a Federal Ministry of the Government of Pakistan. The current Minister for Maritime Affairs is Ali Haider Zaidi and the current Federal Secretary for Maritime Affairs is Rizwan Ahmed.
The Government Shipping Office is an agency in the Government of Pakistan that registers and manages sailors in the Pakistan Merchant Navy. The Government Shipping Office was first established in 1923 under the Merchant Shipping Act. It was a subordinate office of the then-Ministry of Communications, now reorganised as the Ministry of Ports and Shipping, under the administrative control of Ports and Shipping Wing, Karachi.
In 1963, the National Shipping Ordinance was promulgated and National Shipping Corporation (NSC) was established which procured its first used ship, M.V. Rupsa in 1965. The national fleet comprised some 53 vessels which were owned by 10 private shipping companies. The national fleet grew to 71 vessels before the separation of East Pakistan and its emergence as Bangladesh in 1971, when the number declined to 57 vessels after the separation.
On 1 January 1974, President of Pakistan Zulfiqar Ali Bhutto nationalized National Shipping Corporation (NSC) and Pakistan Shipping Corporation (PSC) and other private shipping companies. Nine private shipping companies with a total of 26 ships were nationalized. The national fleet strength increased to 51 vessels including 26 ships under the management of nine nationalized companies and 25 ships with the state-owned NSC. In 1977, 14 ships were inducted in the Pakistan Shipping Corporation (PSC) during the Fifth Five-Year Plan. Two years later, NSC and PSC were merged to form the Pakistan National Shipping Corporation (PNSC) which still remains the sole state-owned shipping corporation.
Later other nationalized companies were also 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 total fleet strength increased to 60 ships with the induction of 14 vessels in the late 1970s and early 1980s. PNSC enjoyed a complete monopoly till the early 1990s when the shipping sector was deregulated by the Nawaz Sharif government.
Mian Muhammad Nawaz Sharif is a Pakistani businessman and politician who served as the prime minister of Pakistan for three non-consecutive terms. Sharif is the longest-serving prime minister of Pakistan.
Muhammadi Steamship Company Limited was incorporated on 12 May 1947. [5] In 1949, it became the first Pakistani shipping line to be publicly listed on the Karachi Stock Exchange. [6]
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a government of a new city or town.
The Karachi Stock Exchange was a stock exchange located in Karachi, Sindh, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchange, along with the Lahore Stock Exchange and Islamabad Stock Exchange. The KSE was Pakistan's largest and oldest stock exchange. According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009. In June 2015, Khaleej Times reported that since 2009, Pakistani equities delivered 26% a year for US dollar investors, making Karachi the top-performing stock exchange in the world.
Muhammadi House on McLeod Road (now I. I. Chundrigar Road) was the headquarters of the company. [7]
The company was nationalized by the Government of Pakistan under then President Zulfikar Ali Bhutto. It was later merged with other Pakistani nationalized shipping companies to create the Pakistan National Shipping Corporation.
East & West Steamship Company was one of the oldest locally owned shipping line in Pakistan until it was nationalised in 1974. Its ship, SS Fatima was the first ship ever registered at the newly established Port of Registry at Karachi in August 1948. [8] It was owned by the Cowasjee family. The company was restructured as the 'East and West Steamship Co. Ltd.' in 1961
The National Shipping Corporation (NSC) was established under the National Shipping Corporation Ordinance, 1963, with a view to provide efficient shipping services. The Corporation was managed by a Board of nine directors, out of which five including the Chairman, the Managing Director and the Financial Director were appointed by the Central Government and remaining four were elected by the share holders from each Province. The authorized capital of the Corporation was Rs. 250 million and the subscribed capital was to be Rs. 50 million. The share of Central Government in the capital was 25% and the balance of 75% was raised from the public in East and West Pakistan on the basis of parity.
In 1974 the Federal Government decided to take over the management and control of entire shipping in Pakistan, including NSC through promulgation of the Pakistan Maritime Shipping (Regulation and control) Ordinance, 1974 which later on became an Act. In September, 1976 the Federal Government established the Pakistan Shipping Corporation (PSC) under the Pakistan Shipping Corporation Act, 1976, to take charge of ten shipping companies and operate as a parallel corporation with the National Shipping Corporation (NSC).
Ship | Built | Tonnage | Builder | In Service | Fate | Notes |
---|---|---|---|---|---|---|
Al Murtaza Ali | 1942 | 7235 GRT | West Coast Shipbuilders, Vancouver as 'Fort Norman' | 1948 - 1954 | Sold in 1954 to United Oriental Steamship Company, Karachi and renamed ANWARBAKSH | |
Husaini later Al Husaini | 1943 | 7157 GRT | North Vancouver Ship Repairers Ltd., North Vancouver as 'Fort Clatsop' | 1948 - 1968 | Broken up at Karachi in November 1968 | Renamed in 1949 |
Ahmadi later Al Ahmadi | 1920 | 5186 GRT | Todd Dry Dock & Construction Company, Tacoma as 'Pallas' | 1948 - 1954 | Broken up at Karachi in 1954 | Renamed in 1949 |
Al Hasan | 1943 | 7165 GRT | North Vancouver Ship Repairers Ltd., North Vancouver as 'Fort St. Antoine' | 1949 - 1964 | Broken up at Karachi in February 1964 | |
Colima later Al Chisti | 1917 | 1306 GRT | Sodra Varfvets Nya A/B, Stockholm as 'Svealand' | 1949 - 1954 | Broken up at Karachi in 1954 | Renamed in 1950 |
Al-Sayyada | 1944 | 7165 GRT | Victoria Machinery Depot Company, Victoria B.C. as 'Hastings Park' | 1952 - 1967 | Broken up at Karachi in November 1967 | First ship to dry dock at Karachi Shipyard. [6] [9] |
Al Ahmadi | 1940 | 5361 GRT | Lithgows Ltd., Port Glasgow as 'Risaldar' | 1958 - 1966 | Broken up at Karachi in June 1966 | |
Al-Abbas | 1967 | 6087 GRT | Karachi Shipyard | 1967 - 1971 | Sunk on 16 August 1971 in Operation Jackpot by the Mukti Bahini commandoes at Chittagong | First merchant ship built at Karachi Shipyard. [6] [9] |
Ship | Built | In service for Company | Type | Tonnage | Reference | Fate | Notes |
---|---|---|---|---|---|---|---|
SS Fatima | 1942 | 1948 - 1956 | Steel; cargo ship | 671 GRT | [10] | Scrapped in March 1962 | Built as H.M.I.S. 'Shillong' (naval trawler) by Burn & Co. Ltd., Calcutta, converted in 1948 |
SS Figura | 1943 | 1948 - post 1959 | Steel; cargo ship | 482 GRT | Built as H.M.I.S. 'Cuttack' (naval trawler) by Burn & Co. Ltd., Calcutta, converted in 1949 | ||
SS Firishta | 1942 | 1948 - post 1959 | Steel; cargo ship | 467 GRT | Built as H.M.I.S. 'Poona' (naval trawler) by Hooghly Dkg. & Engineering Co. Ltd., Calcutta, converted in 1948 | ||
SS Fritha | 1942 | 1948 - post 1959 | Steel; cargo ship | 467 GRT | Built as H.M.I.S. 'Agra' (naval trawler) by Hooghly Dkg. & Engineering Co. Ltd., Calcutta, converted in 1948 | ||
SS Forma | 1941 | 1948 - post 1959 | Steel; tug | 471 GRT | Built as H.M.I.S. 'Travancore' (naval trawler) by Garden Reach Workshop Ltd., Calcutta, converted in 1952 | ||
SS Fravarta | 1942 | 1948 - post 1959 | Steel; tug | 445 GRT | Built as H.M.I.S. 'Karachi' (naval trawler) by Alcock, Ashdwon & Co. Ltd., Bombay, converted in 1949 | ||
SS Firoza | 1913 | 1947 - 1966 | Steel; cargo ship | 4279 GRT | Broken up at Karachi in October 1966 | Built as 'Falls City' by Ropner & Co. Ltd., Stockton-on-Tees | |
SS Firdausa | 1923 | 1949 - 1963 | Steel; cargo ship | 7938 GRT | Broken up at Karachi in April 1963 | Built as 'London Importer' by Furness S.B. Company, Haverton Hill | |
SS Futura | 1919 | 1951 - 1960 | Steel; cargo ship | 6869 GRT | Broken up at Karachi in October 1960 | Built as 'Crosskeys' by Skinner & Eddy, Seattle | |
SS Fausta | 1922 | 1951 - 1963 | Steel; cargo ship | 5055 GRT | Broken up at Karachi in October 1963 | Built as 'Schwarzald' by Deutsche Werft, Tollerort | |
SS Fatakarda later Minocher Cowasjee | 1920 | 1950 - 1957 | Steel; cargo ship | 6,640 GRT | [11] [12] | Foundered in 1957 Reported 24/01/1957 in distress in position 24°18′00″N66°00′00″E / 24.30000°N 66.00000°E , on passage Dairen for Cape Town and Antwerp | Built as 'Parisiana' by Irvine's Shipbuilding & Drydocks & Co., West Hartlepool. Renamed from 'Fatakarda' to 'Minocher Cowasjee' in 1955. |
SS Fakirjee Cowasjee | 1925 | 1952 - 1967 | Steel; cargo ship | 5328 GRT | Broken up at Karachi in June 1967 | Built as 'Manchester Commerce' by Furness S.B. Company, Haverton Hill | |
SS Feronia | 1940 | 1958 - 1970 | Steel; cargo ship | 5095 GRT | Broken up at Karachi in September 1970 | Built as 'Orient City' by Furness S.B. Company, Haverton Hill | |
MV Rustom | 1953 | 1961 - 1974 | Steel; passenger & cargo liner | 9547 GRT | Broken up at Gadani Beach in November 1980 | Built as 'Santa Teresa' by Howaldtswerke, Hamburg | |
MV Ohrmazd | 1968 | 1968 - 1974 | Steel; passenger & cargo liner | 11,046 GRT | [13] | Broken up at Gadani Beach, arrived 6 July 1994 | Built by Burntisland Shipbuilding Company, Fife, Scotland |
Ship | Built | In service for the company | Type | Tonnage | Reference | Fate | Notes |
---|---|---|---|---|---|---|---|
MT Shalamar | 2006 | 2015–Present | Aframax Oil Tanker | 55894 GRT | [14] | Currently in use | Built by Sumitomo Heavy Industries, Japan |
MV Islamabad | 1983 | 1983–2013 | Multi-Purpose General Cargo | 12395 GRT | [15] | Scrapped in 2013 | Built at Karachi Shipyard, Pakistan. |
MT Quetta | 2003 | 2008–Present | Aframax Oil Tanker | 58118 GRT | [16] [17] | Currently in use | Built by Imabari Shipbuilding Co. Ltd, Japan. |
MT Lahore | 2003 | 2010–Present | Aframax Oil Tanker | 58157 GRT | [18] [19] | Currently in use | Built by Imabari Shipbuilding Co. Ltd, Japan |
MT Karachi | 2003 | 2010–Present | Aframax Oil Tanker | 58127 GRT | [20] | Currently in use | Built by Imabari Shipbuilding Co. Ltd, Japan |
MV Kaghan | 1986 | 2006–Present | Bulk Carrier | 36098 GRT | [21] [22] | Currently in use | Built by Namura Ship Building Co., Japan |
MV Chitral | 2003 | 2010–Present | Handymax Bulk Carrier | 26395 GRT | [23] [24] | Currently in use | Built by Oshima Shipbuilding Co. Ltd, Japan |
MV Malakand | 2004 | 2010–Present | Panamax Bulk Carrier | 40040 GRT | [25] [26] | Currently in use | Built by Sasebo Heavy Industry Co. Ltd, Sasebo, Japan |
MV Hyderabad | 2004 | 2011–Present | Supramax Bulk Carrier | 29364 GRT | [27] [28] | Currently in use | Built in Oshima Shipyard, Nagasaki, Japan |
MV Sibi | 2009 | 2011–Present | Handysize Bulk Carrier | 17018 GRT | [29] [30] | Currently in use | Built by Imabari Shipbuilding Co. Ltd, Marugame, Japan |
MV Multan | 2002 | 2012–Present | Supramax Bulk Carrier | 27986 GRT | [31] [32] | Currently in use | Built by Mitsui Engineering & Ship Building Co. Ltd. TAMANO Works, Japan |
MV Bolan | 1980 | 1980-2010 | Multipurpose General Cargo | 12395 GRT | [33] | Scrapped in 2010 | Built by Kawasaki Kobe Japan |
MV Khairpur | 1981 | 1981-2011 | Multipurpose General Cargo | 13402 GRT | [33] [34] | Scrapped in 2011 | Built by Gdańsk Shipyard |
MV Sargodha | 1980 | 1980-2012 | Multipurpose General Cargo | 12395 GRT | [33] | Scrapped in 2012 | Built by Oshima Shipbuilding Saikai, Japan |
MV Makran | 1979 | 1979-2009 | Multipurpose General Cargo | 16199 GRT | [33] [35] | Scrapped in 2009 | Built by Nakskov Skibsvaerft Nakskov, Denmark |
MV Chitral | 1980 | 1980-2009 | Multipurpose General Cargo | 12395 GRT | [33] [36] | Scrapped in 2009 | Built by Kawasaki Heavy Industries Kobe, Japan. Not to be confused with MV Chitral Bulk Carrier |
MV Hyderabad | 1980 | 1980-2009 | Multipurpose General Cargo | 12395 GRT | [33] [37] [38] | Sold to M/S Blue Seas Marine | Mitsui Tamano Engineering & Shipbuilding Tamano, Japan. Not to be confused with MV Hyderabad Bulk Carrier |
MV Malakand | 1980 | 1980-2009 | Multipurpose General Cargo | 18224 GRT | [33] [39] | Sold to M/S Blue Seas Marine | Ihi Marine United Tokyo, Japan. Not to be confused with MV Malakand Bulk Carrier |
MV Sibi | 1981 | 1986-2009 | Multipurpose General Cargo | 13402 GRT | [33] [40] | Sold to M/S Blue Seas Marine | Built in Gdańsk Shipyard Poland |
MV Kaghan | 1981 | 1981-2004 | Multipurpose General Cargo | 10246 GRT | [33] | Sold to Cheer Glory Traders China | Built in Bremen. Not to be confused with MV Kaghan Bulk Carrier. |
MV Multan | 1980 | 1980-2012 | Multipurpose General Cargo | 12395 GRT | [33] | Scrapped in 2012 | Built in Japan. |
MV Murree | 1981 | 1981-1989 | Multipurpose General Cargo | 11940 GRT | [41] | Sank at 49°57′30″N3°14′5″W / 49.95833°N 3.23472°W , near by cities Plymouth, Bournemouth, Cardiff in strong typhoon, 1989. All crew rescued by Royal Air force | Built by A&P Group, Sunderland, United Kingdom. |
MT Johar | 1985 | 2003-2009 | Oil Tanker | 49688 GRT | [33] | Sold to Cheer Glory Traders, China | Built by Navantia Carenas Ferrol, Spain |
MT Lalazar | 1984 | 2005-2009 | Oil Tanker | 49688 GRT | [33] | Scrapped in 2009 | Built by Fincanteri Monfalcone Trieste, Italy. |
MT Sawat | 1985 | 2003-2010 | Oil Tanker | 49601 GRT | [33] | Scrapped in 2010 | Built by Fincanteri Monfalcone Trieste, Italy. |
MT Shalamar | 1981 | 2003-2007 | Oil Tanker | 54474 GRT | [33] | Scrapped in 2007 | Built in Sanoyas Mizushima Works & Shipyard Kurashiki, Japan |
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