Red Sea Shipping Slows After Houthi Attack on Saudi Arabia
Ship traffic through Bab el-Mandeb fell on Sunday (Jul 26) after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast.
Adil Aziz
Maritime Minister Suspends KPT Tariff Hike, Providing Rs500 Million Relief to Businesses
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday announced the freezing of a proposed 5 percent increase in Karachi Port Trust (KPT) tariffs for fiscal year 2026-27.
Editor
Gwadar Port Slashes Charges to Attract Global Shipping Lines
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced sweeping reductions in tariff rates at Gwadar Port aimed at strengthening the deep-sea facility’s position as a competitive regional logistics and transshipment hub.
Global Trade Hit as Maersk Halts Routes in Middle East Crisis
The Danish group said in a statement it would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East to Europe.
Mehfooz
Pakistan Customs enforces official bank exchange rates on shipping charges
Pakistan Customs has achieved a major industry-wide breakthrough by ensuring the application of official bank exchange rates on shipping charges, effectively ending the long-standing practice of arbitrary and excessive billing by international shipping lines and providing relief to traders and exporters.
PNSC Showcases Strategic Growth and Maritime Vision in FY-2025 Corporate Briefing
Pakistan National Shipping Corporation (PNSC) convened its Corporate Briefing Session (CBS) for the financial year ended 30 June 2025 here at PNSC Building.
MAERSK Delegation Meets BOI Minister on $2B Investment Plans
A high-level delegation from MAERSK, led by the Senior Director of APM Terminals, met with Federal Minister for the Board of Investment (BOI), Qaiser Ahmed Sheikh, to discuss the company’s ambitious plans for Pakistan. During the meeting, the delegation briefed the Minister on MAERSK’s proposed USD 2 billion investment.
Singapore Secures as World’s Top Port for 12th Year Straight
Singapore has once again secured its status as the world’s top port, according to the latest ISCDI Report released on Friday, July 11.
PM Orders Strategic Overhaul to Elevate PNSC to Global Shipping Standards
Prime Minister Shehbaz Sharif directed the relevant authorities to formulate a comprehensive plan to transform the Pakistan National Shipping Corporation (PNSC) into a shipping company of international standard.
Pakistan Ports to See Faster Turnaround as Govt Targets 70% Cut in Dwell Time
Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry has announced the establishment of a high-level committee tasked with developing concrete measures to reduce container dwell time at ports by up to 70 percent.