TC Jan-Feb 2021 Issue

TRADE CHRONICLE
PIBT handles 1.04m tons of coal
cargo in Dec 2020
Pakistan International Bulk Terminal
(PIBT) handled a record 1.04 million
tonnes of coal cargo in December
2020, which is 32 percent more than
0.791 million tonnes of cargo handled
in December 2019.
This is the first month that the terminal
volumes have crossed a million tonnes,
solidly establishing PIBT as the premier
bulk terminal of the country.Also, the
terminal handled 5.27 million tonnes
cargo from July to December 2020,
Wheat discharging record
created at K.P.T
Bulk Shipping & Trading (Pvt) Ltd has
congratulated M/s. Trading Corporation
of Pakistan (Pvt) Ltd., (Importers)
Karachi Port Trust and Stevedores
M/s. M. M. Services for the remarkable
which is 19.7 percent more
than the 4.407 million tonnes
coal handled in the same
period in 2019. In the last six
months, total 92 cargo vessels arrived
at the terminal while the total number
of vessels handled during July 2019
to December 2020 was 77. “This
performance in the last six months is
clearly in line with our objective that
is to operate at international levels
of efficiency and establish industry
standards for most efficient cargo
handling,” said Sharique Siddiqui,
CEO, PIBTL, adding that PIBT is an
integral part of the coal supply chain
across the country.
achievement of discharging and
simultaneous bagging of 10,100 metric
tons of Bulk Wheat in 24 hours from
a geared ship MV. “Star Antares” at
`Karachi Port’ on 28th December, 2020.
This new record of discharging and
simultaneous bagging of bulk wheat
account TCP from a geared ship has
been created at Karachi Port due to
PIBT was set up with the total cost of
$305 million at Port Qasim on BOT
(Build, Operate, and Transfer) basis
to transform the handling of dirty bulk
cargo to modern environmental friendly
standards.
The terminal started operations in the
year 2017 and has since handled 452
vessels and total cargo of 25.2 million
tonnes. It is pertinent to mention that
the terminal has so far contributed
approximately 10 billion rupees to the
national exchequer in terms of royalty
payment of $2.27 for every tonne of
cargo handled, and other duties and
taxes.
close coordination and cooperation
between the Management and
Team of M/s. Trading Corporation
of Pakistan, the Management
and Team of Karachi Port and
the Management and Team of
Stevedores M/s. M. M. Services.
This was also due to the personal
interest of the Chairman Karachi
Port Trust Mr. Nadir Mumtaz
Warraich and the Chairman
Trading Corporation of Pakistan
Mr. Riaz Ahmed Memon.
Cargo was supplied by M/s.
Swiss Singapore (Local agents
M/s. Fertline (Pvt) Ltd.) and ship
operators were M/s. Starbulk.
S.A., Greece.
Bulk Shipping is proud to be
associated in this achievement
as Agents of the ship.
Honourable Governor of Sindh Mr Imran Ismail is
handing over keys of Fire Tenders gifted by Prime
Minister of Pakistan, to Chairman KPT during a
ceremony held at Governor House
Minister Maritime Affairs
Syed Ali Haider
Zaidi chaired the first
meeting on Maritime
Transshipment Strategy
with Maritime partners at
KPT Head office
TRADE CHRONICLE - Jan - Feb - 2021 - Page # 16