Pakistan National Shipping Corporation (PNSC) has greenlit the purchase of three secondhand tankers for a total of approximately $193 million, as part of its ambitious plan to double the national fleet to 30 vessels by 2026.
The acquisition includes two Aframax tankers, Lorex and Nafsika, each costing $74.5 million, and the MR2 tanker Stavenger Poseidon, acquired for $44.15 million. All three vessels are expected to be delivered by December 2025.
In addition, PNSC has launched procurement processes for 12 more tankers, signaling a significant expansion of its fleet.
“PNSC has accelerated its efforts to acquire new vessels to support Pakistan’s maritime growth and reduce dependence on foreign shipping,” the Ministry of Maritime Affairs said in an official statement.
This move aligns with Pakistan’s broader maritime strategy, aiming to strengthen the country’s shipping capabilities and enhance its role in international trade.