Tag: Pakistan

Hutchison Ports Pakistan, the country’s first deepwater container terminal, is expected to complete the second phase of its $600 million project by the next yearend to more than double the handling capacity. Phase II is planned to be completed by the end of 2020. 

Pakistan's demand for LNG could increase more than three times in the next three to five years, the chief executive of Pakistan LNG informed. Namely, Pakistan's two LNG terminals are being fully used, while two more will enter a final investment decision this year. The two import terminals of Pakistan feature a regas capacity of 1.2 billion to 1.3 billion cubic feet of gas per day.

Tensions between India and Pakistan are rising after a militant attack which killed over 40 Indian troops in disputed Kashmir on 14 February 2019. As the North Club informs, port operations are continuing as normal, however any Indian ship calling at Pakistan may be considered as a concern under the current situation.

Texas-based Excelerate Energy said its floating storage and regasification unit Exquisite completed the company’s 1,500th ship-to-ship LNG transfer operation. The transmit occurred at the Engro Elengy Terminal in Pakistan, according to the company. 

According to new data released by the NGO Shipbreaking Platform, on January 30, 744 large ocean-going commercial vessels were sold to the scrap yards in 2018. 518 out of these vessels, were broken down on tidal mudflats in Bangladesh, India and Pakistan, amounting to a record-breaking 90,4% of the gross tonnage dismantled globally.

Pakistan has approved the establishment of a ship-breaking yard in Gwadar, local media report. Namely, a policy board will decide about the land allocation and the completion of the ship-breaking yard, which would provide many employment opportunities.

Gadani shipbreaking beach recently experienced two fire incidents. On 11 October a tanker caught fire, with no injuries reported. However, on 14 October, another oil tanker caught fire, injuring seven workers. These incidents made the Balochistan Environmental Protection Agency ban all shipbreaking activities in Gadani.

In its quarterly update, NGO Shipbreaking Platform reported that a total of 113 ships were broken in the Q3 of 2018, and 79 of these ships were sold to the beaches of South Asia. Meanwhile, between July and September, three workers have lost their lives in shipbreaking in Alang, India.

Seven workers sustained severe burn injuries after a non-functional ship caught fire in Gadani ship-breaking yard, Pakistan, on Sunday. Three of the inured men are considered to be in critical situation. The incident took place while cutting steel inside the oil tanker.

Pakistan invited Saudi Arabia to become the third partner in the Belt and Road initiative of major infrastructure projects inside Pakistan, as Pakistan’s information minister said last week. Fawad Chaudhry mentioned that he expects Saudi Arabia to invest in Pakistan in a major way.