Amid boom times for many Asian shipbuilding nations, Pakistan has announced it will press ahead with its first commercial newbuild project since the 1980s.
Karachi Shipyard will build a 1,100 teu containership for Pakistan National Shipping Corporation (PNSC) for a bargain price of $24.75m. The Pakistani navy will also be involved in the newbuild project.
“This is a key step toward reducing dependence on foreign shipping companies and promoting Pakistan’s economic self-sufficiency,” the Pakistani government said.
