Pakistan Nationalizes Entire Merchant Fleet
As of January 1, the federal government of Pakistan took over the management of all shipping companies in Pakistan, including the National Shipping Corporation.
This action was taken in accordance with the people's government policy of nationalizing major industries. The resulting firm is called the Pakistan Shipping Corporation.
The nine shipping companies which have been transferred to the Pakistan Shipping Corporation, and the number of ships involved are: Pan-Islamic Steamship Co. Ltd. (6 ships), Muhammadi Steamship Co. Ltd. (5 ships), Pakistan Shipping Line Ltd. (2 ships), Chittagong Steamship Corporation (1 ship), Gulf S h i p p i n g Corporation Ltd. (1 ship), Trans Oceanic Steamship Co. Ltd. (3 ships), Crescent Shipping Lines Ltd. (1 ship), East & West Steamship Co. (2 ships), and United Oriental Steamship Co. (3 ships). The total fleet of 24 ships has a deadweight tonnage of 296,656.
The chairman of the board of this government-owned firm is Saeed Ahmad. The headquarters of the firm is in Karachi.
Other stories from February 15, 1977 issue
Content
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- Request Aid To Build Four LNG Carriers At Cost Of $800 Million page: 6
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- Peterson Receives $33.6-Million Contract For Two Heavy-Lift Ships page: 13
- Free Literature On Fire Extinguishers Available From Kidde page: 13
- SNAME San Diego Announces Site For 1980 Spring Meeting page: 13
- U.S. Navy Awards Maritime Industries Ltd. $1.7-Million Contract page: 14
- Pakistan Nationalizes Entire Merchant Fleet page: 15
- Lemont Shipbuilding Elects Roche President page: 15
- Peterson Launches CF Industries' First Integrated Tug/Barge Unit page: 16
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- Owens-Corning Booklet Describes New LNG Containment System page: 20
- Kockums Computer System Speeds Decision Making In Ship Accidents page: 21
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- Newport News Launches First Commercial Ship In Eight Years—LNG Carrier El Paso Southern page: 24
- SNAME New York Metropolitan Section Holds First 1977 Meeting—Jakobson Honored page: 24
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- Martin Named President Of Korea Gulf Oil Co. page: 25
- R.A. Baker To Head New Hillman Company page: 26
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- APL Makes Personnel Promotions Worldwide page: 32
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- R.D. Carter Forms Intermodal Systems Co. page: 40
- PRMSA Names Irizarry Deputy Executive Director page: 40
- Offshore Technology Conference Scheduled For May 2-5 In Houston page: 41
- Alden Data Sheet Lists Marine Weather Chart Transmitting Sites page: 41
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