Pakistan National Shipping Corporation
PPSX:PNSC524.08
PKR
-4.86
(-0.92%)
ISIN
PK0025201010
Return %
Stock
S&P 500
1Y
11.04
14.20
3Y
397.32
81.12
5Y
1,147.81
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Syed Jarar Haider Kazmi
- Full Time Employees
- 631
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Karachi Pakistan
- IPO Date
- May 26, 1994
- Website
- pnsc.com.pk
- Similar Companies
- Business
- Pakistan National Shipping Corporation is a Karachi, Pakistan-based maritime transport and logistics provider that serves as the national flag carrier of Pakistan. Founded in 1979 following the merger of the National Shipping Corporation and Pakistan Shipping Corporation, the company provides comprehensive ocean freight, vessel management, and marine support services across international trade lanes and regional waters. The corporation operates through several core business segments, structured primarily via specialized ship-owning subsidiaries: Liquid Bulk Cargo Services, which encompass ocean transportation of crude oil and refined petroleum products including motor gasoline, high-speed diesel, jet fuel, and furnace oil utilizing Aframax, Long Range (LR), and Medium Range (MR) product tankers; Dry Bulk Cargo Services, which deliver marine carriage of major bulk commodities including coal, iron ore, wheat, fertilizer, clinker, cement, and grains utilizing Supramax, Ultramax, and Panamax bulk carriers; Chartering and Commercial Brokerage, providing voyage charters, time charters, contract of affreightment (COA) arrangements, and slot chartering to domestic refineries, state energy entities, and international trading houses; Technical Ship Management and Engineering Services, offering technical superintendence, routine maintenance, dry-docking management, marine overhaul workshops, and repair operations adjacent to Karachi Port and Port Muhammad Bin Qasim; Marine Logistics and Agency Services, delivering stevedoring, port agency, ship husbandry, crew handling, Non-Vessel Operating Common Carrier (NVOCC) operations, and multimodal ocean freight forwarding; and Real Estate Management, involving the commercial leasing and administration of corporate properties, including the PNSC Building in Karachi. In recent operational developments, the corporation is executing a major fleet expansion and modernization initiative under national maritime policy to scale its operating fleet to 30 vessels. As part of this capital expenditure program, the company approved and executed a 193 million USD acquisition of three modern secondhand commercial tankers, comprising two Aframax crude carriers (MT Karachi and MT Lahore) and one MR-2 product tanker (MT Quetta). Additionally, the corporation has initiated international procurement tenders to acquire up to 12 further modern commercial vessels, encompassing LR-2, MR-2, and MR-1 tanker classes as well as dry bulk tonnage, aimed at securing national energy supply chains, reducing foreign freight outflows, and expanding commercial carriage capacity across Middle Eastern, Asian, and global maritime shipping routes.