Pakistan says it is working to grow its shipping fleet to draw on its strategic geographical position and help tackle the effects of a global supply chain crisis
Islamabad says it's in negotiations"to create joint ventures to expand into container shipping" in a bid to help tackle the effects of a worldwide logistics crisis.Pakistan has said it is working to boost the capacity of its shipping fleet to draw on its strategic geographical position and help tackle the effects of a global supply chain crisis.
"The supply chain problems are faced by everyone and Pakistan is also affected. There are issues everywhere and this is one of the ways we are trying to deal with this long term," he said on a visit to London.Pakistan has a coastline of over 1,000 kilometres and three major ports, including Karachi. It is two days of sailing time from destinations in Africa and the Middle East and its western shoreline is close to the Strait of Hormuz oil chokepoint.
The state-controlled Pakistan National Shipping Corporation has a fleet of 11 ships including oil tankers and dry bulkers and has issued a tender for another four ships, Zaidi said.
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