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Karachi Shipyard eying revival and bags new projects
The News reported that Karachi Shipyard & Engineering Works Limited aims to get back on its feet with scores of new projects including a first ever warship frigate and plans to bag global contracts also.
Mr Nasir Iqbal Akbar MD of KSEW said that During the last 5 years, the Karachi Shipyard has been revamped with modern machinery, technology and infrastructure. We are now fully capable to handle shipbuilding projects of the entire maritime sector of Pakistan including Karachi Port Trust.
Dilating on the nature of warship frigate for Pakistan Navy that is currently in the making Mr Akbar called it the first complex warship vessel ever built by the Karachi Shipyard. It will take four years to build and is likely to come out in June this year. This is besides three vessels that are being built for the KPT.
He said that the government-owned ship building and repairing company is also working on a mega project of Ship Lift and Transfer System with 13 stations which will cost PKR 6 billion. This will completely change our portfolio by augmenting the capacity The project is part of the Public Sector Development Program which aims to generate up to 4,000 jobs.
Mr Akbar said that a Korean company has been awarded the tender to construct the stations and funds are likely to be approved soon. With this development, the KSEW will be able to handle 13 big vessels at a time. Some of the other ongoing projects, he said, are Small Tanker Cum Utility Ship project, F22P Frigate Project, Fast Attack Craft Project, Pusher Tug and Dredge Tender Project and Dump Barges Project. After a decade of losses, Karachi Shipyard has been making profits for three years in a row, which were eaten up by the debts accumulated over the years.
He said that the company will work on a fleet oil tanker, Hover Crafts, 12 tonne BP Pusher tugs and 35 tonne BP Tug for Pakistan Navy. For the KPT it will prepare pilot boats, SP Hopper barges and fresh water barge besides maritime portal vessels, patrol and surveillance boats and a dredger for the government of Balochistan.
Mr Akbar said that the KSEW is working to take international orders as well. It repaired a Yemeni flagship and Bahrain coast guard ships and the company hopes to get a big order of 12 coast guard ships from Bahrain. The company is also hopeful of getting the repair job of Chashma Barrage gates which were recently inspected by a Shipyard team.
He said that the revival of the KSEW will benefit industries like, steel, copper, wood, plastic etc. All kind of materials is used in a vessel. The need to streamline the maritime policy for meeting the local requirement of different kinds of vessels at ports. KSEW was established in mid fifties at West Wharf Karachi over an area of 29 hectares.
(Sourced from The News International: Latest, Breaking, Pakistan, Sports & Video News)
The News reported that Karachi Shipyard & Engineering Works Limited aims to get back on its feet with scores of new projects including a first ever warship frigate and plans to bag global contracts also.
Mr Nasir Iqbal Akbar MD of KSEW said that During the last 5 years, the Karachi Shipyard has been revamped with modern machinery, technology and infrastructure. We are now fully capable to handle shipbuilding projects of the entire maritime sector of Pakistan including Karachi Port Trust.
Dilating on the nature of warship frigate for Pakistan Navy that is currently in the making Mr Akbar called it the first complex warship vessel ever built by the Karachi Shipyard. It will take four years to build and is likely to come out in June this year. This is besides three vessels that are being built for the KPT.
He said that the government-owned ship building and repairing company is also working on a mega project of Ship Lift and Transfer System with 13 stations which will cost PKR 6 billion. This will completely change our portfolio by augmenting the capacity The project is part of the Public Sector Development Program which aims to generate up to 4,000 jobs.
Mr Akbar said that a Korean company has been awarded the tender to construct the stations and funds are likely to be approved soon. With this development, the KSEW will be able to handle 13 big vessels at a time. Some of the other ongoing projects, he said, are Small Tanker Cum Utility Ship project, F22P Frigate Project, Fast Attack Craft Project, Pusher Tug and Dredge Tender Project and Dump Barges Project. After a decade of losses, Karachi Shipyard has been making profits for three years in a row, which were eaten up by the debts accumulated over the years.
He said that the company will work on a fleet oil tanker, Hover Crafts, 12 tonne BP Pusher tugs and 35 tonne BP Tug for Pakistan Navy. For the KPT it will prepare pilot boats, SP Hopper barges and fresh water barge besides maritime portal vessels, patrol and surveillance boats and a dredger for the government of Balochistan.
Mr Akbar said that the KSEW is working to take international orders as well. It repaired a Yemeni flagship and Bahrain coast guard ships and the company hopes to get a big order of 12 coast guard ships from Bahrain. The company is also hopeful of getting the repair job of Chashma Barrage gates which were recently inspected by a Shipyard team.
He said that the revival of the KSEW will benefit industries like, steel, copper, wood, plastic etc. All kind of materials is used in a vessel. The need to streamline the maritime policy for meeting the local requirement of different kinds of vessels at ports. KSEW was established in mid fifties at West Wharf Karachi over an area of 29 hectares.
(Sourced from The News International: Latest, Breaking, Pakistan, Sports & Video News)