Trade Chronicle May & June 2015

TRADE CHRONICLE
Karachi Port registers a
record container
handling
Karachi Port witnessed a record
handling of containers during the
month ending May 2015 and it
reflects the favourable policies
practiced by Karachi Port Trust
under the leadership of Chairman
KPT Vice Admiral (R) Shafqat
Jawed. The port has registered
handling of 160,649 TEUs (Twenty
Equivalent Unit) of cumulative
imports and exports containers at
its two terminals – the Karachi
International Container Terminal
(KICT) and Pakistan International
Container Terminal (PICT) during
the month of May surpasses the
previous handling of 156,254 TEUs
that it handled in the month of
January 2015.
The breakup shows that KICT
handled 45,486 TEUs of import
containers and 44,592 TEUs of
exports containers during the month
ending May whereas the PICT
handled 38,213 TEUs of import
containers and 30,920 TEUs of
export containers respectively from
31 and 36 vessels arrived at the two
terminals. Handling of containers
more than their existing capacities
reflects the efficient handling
operations of both the private
terminals.
A third terminal is to commence
operations soon at the deep water
container port also promises to
attract domestic, in-transit and
transhipment traffic of containers
which will further boost up the
container handling efficiency of
Karachi Port which is surely the
premier and main port of Pakistan
and provides all kind of facilities that
modern trade requires.
M V Zi Jingson of China Overseas Shipping Company Leaves the Gwadar Port
for Jebel Ali, Dubai on 11 May, 2015 after loading reefer containers.
First export ship leaves
Gwadar
The Gwadar Port, which started its
operations about eight years ago, for
the first time on 11 May, 2015
handled commercial containerised
cargo for export of seafood. M V
Zi Jingson, a bullebrealc vessel of
the China Overseas Shipping Co
(Cosco) took loading and later sailed.
The export shipment will be
unloaded at Jebel Ali, Dubai, from
where a larger ship will carry these
reefer containers to Far-East with
its expected destination to Malaysia
and China.
Federal Minister for Ports and
Shipping Kamran Michael, speaking
at a ceremony organised at the
Gwadar port to see off the ship, said
that soon Gwadar will soon be
connected with its hinterland
through motorway M-8 and
National Highway N-85, thereby
providing connectivity to upcountry
and beyond to Afghanistan and
Central Asian states and western
China.
IFC signed a memorandum with Engro Elengy Terminal for 20 percent equity in
the project. The agreement was signed by members from IFC team which included
Mouayed Makhlof - Regional Director IFC, Nadeem Siddiqui - Country Head of
Pakistan IFC, Adil Marghub - Senior Manager, Azhar Hussain - Senior Investment
Officer. Also present at the occasion were Ali Ansari - President Engro
Corporation; Naz Khan, CFO Engro Corporation; Sheikh Imran Ul Haque -
CEO Engro Elengy Terminal Limited amongst others.
Trade Chronicle - May - June 2015 - Page # 22