Big Mess at Port of Karachi After Container Ship Sideswipes Moored Vessel [Incident Video]

Update: Crews Cleanup Containers at Port of Karachi Dozens of shipping containers have fallen into the water at Pakistan's busiest deepwater port after a containership struck a moored vessel while berthing on Monday. The incident occurred at the South Asia Pakistan Terminals facility in the Port of Karachi, where officials say approximately 55 to 60 containers fell into … [Read more...]

China Lavishes Aid On Pakistan Town In Hope To Build Deepwater Port

By Drazen Jorgic (Reuters) - China is lavishing vast amounts of aid on a small Pakistani fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy. Beijing has built a school, sent doctors and pledged about $500 million in grants for an airport, hospital, college and … [Read more...]

Billionaire’s Pakistan Terminal to Start After 5-Year Delay

by Faseeh Mangi (Reuters) Billionaire Li Ka-shing’s Hutchison Port Holdings Ltd. is set to start its second Pakistan terminal after a five-year delay, giving mega vessels access to the coastal city of Karachi for the first time. Hutchison’s terminal operations in South Asia’s second-largest economy will commence before the end of this year, as agreed with the Karachi … [Read more...]

Qatargas Close to Signing 15-Year LNG Supply Deal With Pakistan

CAIRO/ISLAMABAD, Feb 18 (Reuters) - State-run Gulf energy company Qatargas is in the final stages of talks on a deal to supply Pakistan with 3 million tonnes of liquefied natural gas (LNG) annually for 15 years, industry sources in Doha told Reuters on Wednesday. The deal would help Pakistan tackle serious energy shortages and power cuts which can last up to 20 hours a day. … [Read more...]