Pakistan National Shipping Corporation (PNSC) has taken a major step towards self-reliance in maritime transport by initiating the construction of a 1,100 twenty-foot equivalent unit (TEU) container vessel entirely using domestic resources at Karachi Shipyard and Engineering Works (KS&EW).
Steel-Cutting Ceremony Marks Milestone
The project commenced with a steel-cutting ceremony inaugurated by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Tuesday. The minister described the initiative as a “strategic milestone” for Pakistan’s maritime industry, reflecting the government’s commitment to revitalizing shipping and shipbuilding sectors. He emphasized that the vessel’s construction showcases the country’s growing shipbuilding capabilities and aligns with national economic priorities. This development comes as Pakistan seeks to bolster its fleet amid challenges in global trade logistics.
Boosting Trade, Economy, and Employment
The new 1,100-TEU vessel is expected to significantly reduce Pakistan’s dependence on foreign shipping lines, thereby conserving valuable foreign exchange through lower freight payments. With nearly 95% of the country’s trade volume moving by sea, a stronger national carrier like PNSC is crucial for economic stability and growth. The minister highlighted that shipping and ship repair are central to the National Maritime Policy. Additionally, the project will generate employment opportunities for skilled and semi-skilled workers, stimulate industrial activity, and promote technology transfer at Karachi Shipyard. This domestically built ship underscores efforts to enhance PNSC’s role in supporting import-export trade and marks progress in local expertise for large-scale commercial vessels.