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By March 1997, Pakistan National Shipping Corporation (PNSC) owned only 15 vessels with a total dead weight tonnage of 264,210, less than half of the late 1980's and one-third of the early 1970's, resulting in colossal loss to the government as well as drain on the foreign exchange.
In terms of dead weight tonnage, the Stena HSS is approximately five times as large as the biggest high-speed ferry on the market today.
The massive vehicle carrier with its 18,241 DWT (dead weight tonnage), discharged 460 new vehicles at the AutoPort Canaveral, LLC facility at Port Canaveral before departing for Jacksonville, Florida.
This port has a huge investment potential in view of the opportunities offered through establishment of the deep sea port capable to accommodate large vessels of up to 70,000 dead weight tonnage (DWT), he said during his visit to Karachi Chamber of Commerce and Industry, said KCCI statement on Wednesday.
The terminal has a 10.5m draught and a jetty capable of handling vessels up to 50,000 dead weight tonnage (DWT).
Named Gulf Muttrah, the IMO II-N2 type 46,000 dead weight tonnage (dwt) vessel, the company is achieving all the targets set for 2009, Ahmed Essa Hareb Al Falahi, CEO of GEM.
Phase I envisages construction of four berths to accommodate vessels size up to 180,000 Dead Weight Tonnage (DWT) with a capacity of 15 MTPA.