Recent News | Line

Maersk Line Eyes Gwadar Port Investment

Pakistan's maritime minister spoke at the Karachi Press Club, stating that several international companies, including Maersk Line and Hutchison Ports, have expressed interest in investing in Pakistan's ports and shipping sector. The minister highlighted the potential of the Gwadar port, which is 90% owned by China, to route 60% of Pakistan's public sector foreign trade through it. He noted that improvement in the law and order situation would attract private sector shipping companies to use the port, which is strategically located for landlocked Central Asian states. The minister also mentioned that Russia and Malaysia have shown interest in using Pakistan's ports as transshipment points due to their location.

https://www.brecorder.com/news/40342274/significant-investment-coming-into-port-shipping-sector-minister