Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
China Hands Over Third Patrol Ship to Pakistan
China has handed a 600-ton patrol ship over to Pakistan’s maritime safety authority in Guangzhou, Guangdong province, PTI reported. The new ship, just the third of its kind, was built by China Shipbuilding Trading Company Ltd. (CSTC) and China State Shipbuilding Corporation (CSSC) Xijiang Shipbuilding Co., Ltd. Among other things, the ship will be used to safeguard Pakistan’s maritime interests, People’s Daily reported. Its two predecessors have already demonstrated their reliability and excellent performance during visits and exchanges…
Pak-China Frigate Launched
Pakistan's Naval Chief Admiral Muhammad Afzal Tahir Monday performed launching of first of four F-22P frigates is constructing for Pakistan Navy. The launch ceremony was attended by a high-ranking delegation from Pakistan Navy, Ambassador Source: Pakistan Link
Business As Usual At All PAK Ports
All operations are being carried out smoothly, with no delays or disruption, at Pakistan's sea ports (Karachi and Port Bin Qasim), despite the attacks on Karachi Airport over the past two days. Normal operations have now resumed at the airport. Security measures in and around the sea ports have been enhanced by the concerned authorities. For information about operations in Pakistan, contact GAC Pakistan at firstname.lastname@example.org
Pakistan Awards Offshore Oil License
Pakistan granted an offshore oil and gas exploration licence on Friday to a consortium led by the state-run Government Holding Private Ltd (GHPL), according to a report on www.thepeninsulaqatar.com. Under the concession the company and its five Pakistani and foreign partners will spend $18m to drill an exploration well in the Indus E Block off the coast of Sindh province in 2006, the Ministry of Petroleum said in a statement. The block, covering an area of 7,389.95 sq km, is about 150km off the coast of Karachi in water more than 1,000 metres (3,280 feet) deep, it said. The other companies in the GHPL-led consortium — Shell Development and Offshore Pakistan…
APL Strengthens Asia-Europe Service Network
APL today announced the launch of a new weekly service - the India Pakistan Europe (IPE) Service, directly connecting the key South Asian markets of India and Pakistan to major ports in Europe. The new IPE service builds on APL’s strong market presence and local expertise in India and Pakistan to enhance its Asia-Europe service offerings. “Europe is a premier trading partner and a major export market of South Asian countries. It is opportune that we expand our service coverage in Asia-Europe through the new IPE service, directly linking the major economies of India and Pakistan to Europe.
China to Supply Pakistan With 8 New Stealth Attack Submarines
The Chinese government will supply eight modified diesel-electric attack submarines to Pakistan by the year 2028, reports Sputnik. Four of the subs would be constructed in China and the rest in Pakistan. Shaikh Rohail Asghar head of the National Assembly’s Standing Committee on Defence said the Pakistan Navy had inked a contract with China for submarines according to which the latter will construct four submarines in China and supply them to the Pakistan Navy in mid 2022-23. The…
Pakistan Navy Adds to Fleet
The inventory of Pakistan Navy is being strengthened while measures are being taken to make the navy a potent force, defense experts have said. Last year, the Pakistan Navy inked a deal with China for four state-of-the-art frigates besides inducting modern Agosta 90b submarines and enhancing the existing fleet of P-3C Orion surveillance aircrafts. The acquisition of four F-22P frigates would be an important step for the county’s maritime defence and experts hope that the first of the ships would be delivered in 2008. According to schedule, China State Shipbuilding Corporation would supply the ships from 2008 to 2013. The fourth warship would be built completely in Pakistan to transfer the technology.
Pakistan to Buy Eight Submarines from China
Pakistan is close to signing a $4 to $5 billion deal to buy eight submarines from China, the Financial Times said on Thursday, in what it added would likely be China's largest overseas arms sale. The Pakistan Navy says Islamabad has given the green light to the military's plan to purchase eight conventional submarines from China, reports Huanqiu, the Chinese-language website of China's nationalistic tabloid Global Times. Pakistan has been negotiating the submarine purchase with China since 2011, with initial plans to purchase six, and subsequently raising the number to eight.
Qatargas Sells First LNG Cargo to Pakistan
Qatargas sold its first cargo of liquefied natural gas (LNG) to Pakistan State Oil Company Limited (PSO). The LNG cargo was sold on a free-on-board basis and loaded at Ras Laffan Port on to the LNG vessel Excelerate Exquiste on 21 March 2015. The cargo was secured to commission the Excelerate Exquiste, which will become the Floating Storage and Regasification Unit, when it is moored in Port Qassim, Pakistan as part of the Elengy LNG terminal which is the first Pakistan LNG import terminal.
Pakistan Mulls Second LNG Import Terminal
BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal. BW’s state-of-the-art FSRU, Hull No. 2118 and currently at Samsung Heavy Industries (SHI) in Korea, will be utilized for this project. To be delivered in 4Q2016, the vessel offers a low environmental footprint, high efficiency, storage capacity in excess of 170,000m3 and a peak regasification capacity of 750mmscfd.
SSGC Shortlists Akbar Associates for Second LNG Terminal
Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal. The board of Sui Southern Gas Company (SSGC) made the decision in a meeting held on Friday, say officials. The company will award the contract after finalizing the arrangements in the next 10 days. A day ago, SSGC had shortlisted two bidders – Pakistan Gas Port Limited and Akbar Associates – for building the second terminal for handling LNG imports.
Pakistani Ship breakers Lauds 15% Duty on Import
Welcoming the latest policy, Ship breakers in Pakistan defended the imposition of 15% Regulatory Duty (RD) on the import of all steel billets, steel bars and wire rods. Describing the step as much needed and timely, the Pakistan Ship-Breakers Association (PSBA) lauded the imposition of RD. "The Pakistan Ship breakers Association salutes the Government of Pakistan for this bold move which has helped save hundreds of thousands of jobs as well as the local steel industry," it said in a statement.
Lockheed Martin Awarded $186m Contract to Upgrade P-3C
The U.S. Navy's Naval Air Systems Command has awarded Lockheed Martin a $186.5m Foreign Military Sale contract to continue providing mission system upgrades and sustainment work for seven P-3C Orion maritime surveillance aircraft for the Islamic Republic of Pakistan. Lockheed Martin will continue to support the Pakistan Navy's P-3C Upgrade Program, which began in March 2006. Lockheed Martin has delivered one upgraded surveillance aircraft, which was inducted into the Pakistan Navy in January. A second aircraft is expected to join the fleet in March. The modified P-3Cs will further enhance the Pakistan Navy's capabilities to conduct maritime surveillance in littoral and deep water environments, supporting anti-ship and anti-submarine warfare operations.
Pakistan Introduces Submarine
Pakistan’s navy inducted its first locally built submarine in an effort to bolster its marine force, according to an AP report. Pakistan has already built two Agosta submarines with help from France, this is reported to be the first submarine from local manufacturers. Pakistani President Gen. Pervez Musharraf was reportedly the chief guest at the launching ceremony of the Hamza submarine near the port city of Karachi on the shore of the Arabian sea. Pakistan’s navy has taken several steps in recent years to augment its marine force by adding submarines and other equipment. (Source: AP)
Future of Pakistan Deep-Sea Port Touted
Leaders are touting development of Pakistan's first deep-sea port at Gwadar as a potentially potent engine for trade and other economic growth in the region, reported UPI. Prime Minister Shaukat Aziz spoke at a ceremony marking the start-up of the nation's first desalination plant financed entirely from private sources. He added the new deep-water port will eventually be linked to Iran, the Pakistan Dawn newspaper reported. Aziz acknowledged that some of his countrymen are concerned that the port expansion project, which is to start next month, will draw people from other countries, changing Gwadar's demographics. Pakistan began technical and financial studies for the Gwadar port in 1993. Source: UPI
Severn Trent Serves Oil Refinery in Pakistan
Severn Trent Services recently provided multiple water treatment technologies, including reverse osmosis and electrodeionization (RO/EDI) systems, for Bosicor Oil Pakistan Limited, a private sector crude oil refinery under construction in Pakistan, which will have a capacity of 115,000 bpd and will be the largest crude oil refinery on completion (3Q 2010). Bosicor Pakistan Limited, an associated company of the refinery under construction, is already in the business of crude oil refining. The existing and proposed refineries are located at MuazaKund, Hub, Balochistan, Pakistan. The complex RO/EDI system, which will purify seawater for use as process water at the refinery…
Turkey to Modernize Pakistan’s Subs
The Turkish defense firm Defense Technologies and Engineering (STM) won the tender to modernize Pakistan's submarines against its French competitor DCNS, reports Daily Sabah. STM and Pakistan’s Ministry of Defence Production (MoDP) have concluded the deal to upgrade the Pakistan Navy’s three Agosta 90B (aka Khalid-class) submarines. The upgrade will be carried out in Pakistan. STM noted that the first upgraded submarine will be delivered in “45 months.” This is likely a typo for ‘4-5 months.’ The remaining two…
Pakistan Seeks Another LNG Import Terminal
Government aims for second terminal startup by mid-2017. Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs. The ruling party, which campaigned on promises of solving the energy crisis, wants to ease shortages by expanding LNG shipments before a 2018 general election. The official, who declined to be named, said the tender was launched earlier this month with a request for proposal (RFP) by Jan. 24. The government wants the terminal, to be built at Port Qasim in the southern city of Karachi, to be operational by around mid-2017, the official said.
New Private LNG Terminal in Pakistan
A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported. The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight. Currently, Pakistan has only one active…
Chabahar Port "Win-Win" Situation for India, Iran
Chabahar Port was very important for both India and Iran, and offered a win-win situation to both countries, Indian Minister of Shipping Nitin Gadkari said. A government press release said that Gadkari held bilateral talks with Dr Abbas Akhoundi, Iranian Minister of Roads and Urban Development in New Delhi. He said the port would be a growth engine for India as it opened up an alternate route for exports to Afghanistan and Russia. It would also open up business opportunities for investors of both India and Iran to invest in each other’s country, he said.
Pakistan to Invest in Shipyard
The Pakistan government has decided to upgrade the basic infrastructure for construction of commercial cargo ships and warships, including F-22 P frigates, in Karachi, according to a report on www.uniquepakistan.com. The government has allocated funds for the fiscal year 2007-08 and it has already dropped Karachi Shipyard & Engineering Works Limited (KSEW) from its proposed privatization list. It is envisaged that if shipbuilding projects for the Pakistan Navy, Karachi Port Trust (KPT)…
Chinese Submarine to Pakistan: Raising Nuclear Tensions in South Asia
Pakistan, a country plagued by economic and political insecurity, to conclude the deal of eight conventional submarines during Chinese President Xi Jinping's visit to Islamabad on Monday (April 20), reports Bloomberg. This will help Pakistan gain the ability to fire nuclear weapons at sea, keeping pace with rival India, says analysts. Given the political instability and the activities of numerous terrorist groups operating in Pakistan, this poses great threat for whole world too.