Karachi, November 19, 2024 – The Port Qasim Authority (PQA) has released its shipping activity report for Tuesday, November 19, 2024, providing stakeholders with an update on the port’s operations.
(more…)Category: Ports and Shipping
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Port Congestion Worsens Amid Green Channel Policy Changes
Karachi, November 18, 2024 – A recent abrupt change in the Green Channel parameters by the Pakistan Customs Department has thrown the nation’s import system into disarray, leaving thousands of containers stranded at ports and causing severe financial repercussions for importers.
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Hutchison Ports Pakistan Launches 4th Year of Mangrove Initiative
Karachi, November 15, 2024 – Hutchison Ports Pakistan has launched the fourth year of its “Go Green” tree plantation initiative, aiming to plant 100,000 mangrove saplings in Sonmiani. This campaign, which began in 2021 in partnership with WWF-Pakistan, is set to reach a significant milestone by planting 500,000 mangroves across 250 hectares by 2025. The project underscores Hutchison Ports Pakistan’s commitment to the United Nations Sustainable Development Goals (SDGs), particularly those focused on environmental sustainability.
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First-Ever Direct Cargo Vessel Arrives in Bangladesh from Pakistan
Chittagong, November 13, 2024 – In a historic development, a direct cargo vessel from Karachi, Pakistan, docked at the port of Chittagong, Bangladesh, marking the establishment of the first-ever direct maritime link between the two neighboring countries. This pioneering route is anticipated to significantly enhance logistical efficiencies, streamline supply chains, and reduce transit times between Pakistan and Bangladesh, fostering closer trade ties in the region.
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Pakistan Assures Full Support for Maersk $2 Billion Investment
Islamabad, November 11, 2024 – The Ministry of Maritime Affairs has assured Maersk officials of its full support in facilitating the company’s operations and addressing any challenges that may arise, as Pakistan prepares for a landmark $2 billion investment from the Danish shipping giant.
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Aurangzeb Welcomes APM Terminals Investment in Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed a warm welcome on Monday to APM Terminals commitment to invest in Pakistan, emphasizing the government’s support to ensure a level-playing and investment-friendly environment for the company. Senator Aurangzeb met with Keith Svendsen, Chief Executive Officer (CEO) of APM Terminals, in a meeting also attended by key figures from both Pakistan and Denmark.
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