NEWS RELEASE: 26 March 2008
PSA Gwadar International Terminals Starts Commercial Operations On 15 March 2008, PSA Gwadar International Terminals in Pakistan received its first commercial cargo vessel and that signified its readiness to service more general cargo and container vessels at its deep-water berths. The inaugural call was made by Pos Glory carrying 64,000 metric tons of wheat and drawing a draft of 12.5 metres. Upon the successful completion of discharge of the wheat cargo, the vessel departed safely and speedily on 24 Mar 2008.
The 40,000-GRT Pos Glory is the biggest bulk vessel to berth alongside a Pakistani port to-date. More than 60 trucks and about 1,000 workers (including 200 workers fromGwadar) were deployed in the terminal over three shifts to unload the cargo and turnaround the ship in the shortest possible time. Following the discharge of the cargo from the vessel Pos Glory, the port city of Gwadar experienced a surge in trucking activity as more than 2000 trucks were deployed to transport the wheat cargo from PSA Gwadar International Terminals to various cities in Pakistan. Related businesses, such as the supply of diesel, food and shuttle transport also benefited from this cargo handling operation.
“We are grateful to be given the opportunity to make a positive contribution to the City of Gwadar through the management and operation of its port. The arrival of Pos Glory at PSA Gwadar International Terminals marks a significant milestone in the Port’s successful startup after months of preparation, training and transfer of port operating knowledge and technical expertise from PSA to a team of dedicated local management and staff. Two container quayside gantry cranes have also been brought in early to bolster the Terminal’s container handling capability and we are now ready to service both general cargo and container vessels at the terminal,” said Mr David Yang, Chief Executive Officer for Middle East and South Asia Region, PSA International Pte Ltd.
Mr Ai Jian, Captain of Pos Glory, said, “I am honored to steer the first commercial cargo ship to berth at PSA Gwadar International Terminals. It is my first visit to a Pakistani port and I am impressed with the well-equipped terminal and the comprehensive security arrangements put in place. These measures provide my crew and me with a high level of comfort and assurance. I am confident that PSA Gwadar International Terminals will become one of the key ports in the region and I wish PSA Gwadar International Terminals every success.”
Since taking over the PSA Gwadar International Terminals, PSA International has sent its experienced management team and engineers to organize and start up operations. Improvement to processes and installation of new equipment have been made, including 2 container quay cranes which would be commissioned by end of March 2008.
The start of operations of PSA Gwadar International Terminals represents a great step forward for the City of Gwadar whose residents find new employment opportunities at the Port. The locals employed to-date by the terminal received extensive technical and management training and some of them will be provided with further training overseas at the Port of Singapore.
Importers and exporters currently shipping goods through the ports in Karachi have expressed strong interest in using Gwadar Port for their imports and exports. Container liners are also making changes to their routing arrangements so that their vessels will call at PSA Gwadar International Terminals in the future. The commitment by the Gwadar Port Authority, the Provincial Government and the Federal Government on
infrastructural improvements in Gwadar will help to hasten the development of Gwadar Port into a premier port of the region.
Background on PSA International Pte Ltd
PSA International is one of the leading global port groups. With its flagship operations in PSA Singapore Terminals and PSA HNN, PSA participates in 28 port projects in 16 countries across Asia, Europe and the Americas, with a global capacity of 111 million TEUs over 66 km of quay length. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world’s gateway hubs,
PSA is “The World’s Port of Call”. For three consecutive years since 2005, PSA International has been voted “Best Global Container Terminal Operator” at the Asian Freight & Supply Chain Awards. In 2007, PSA handled 58.9 million TEU of containers worldwide. Please visit us at http://www.internationalpsa.com. Background on PSA Gwadar International Terminals Limited PSA Gwadar International Terminals Limited (PSA Gwadar), a company established in Pakistan, is a subsidiary of the PSA International Group. PSA Gwadar has entered into a 40-year concession agreement with Gwadar Port Authority to manage and operate the multiple purpose terminals in Gwadar, Pakistan.
Located on the southwestern coast of Pakistan, PSA Gwadar is well located to serve the burgeoning national economy and has the potential to become a gateway to the Central Asia region. It is connected to the hinterlands in Pakistan and the Central Asia region via a network of roads and highways. PSA Gwadar is strategically situated in the western province of Balochistan, just outside the Straits of Hormuz and near the key shipping routes passing through the Persian Gulf. It is capable of handling both conventional and
containerised cargo. Its 14.5 metres deep multi-purpose berth will allow post-panamax ships to berth alongside. ENDS ISSUED BY PSA GWADAR INTERNATIONAL TERMINALS
Contact Information:
Name: Mr Faisal Jawaid
Email: info@psagwadar.com
Filed under: Al-Noor Cargo City - NOC:05/05/Com/GDA, Al-Rahim City NOC:61/07/HS/GDA(B) - Outside GDA Master, Al-Shams Developer - NOC 38/05/HS/GDA, Asia Heights - 03/05/BPC/Com/GDA, Bin Qasim City - 21/05/HS/GDA, Blue Ocean Residency NOC:19/05/HS/GDA(B).Out of GDA Mas, Breeze Way 01/05/REC:/HTL/GDA (B), Broad Way City 47/06/HS/GDA, Broadway Residencia22/05/HS/GDA(B), Burhan Hotel 01/05/BPC/Com/GDA, Burhan Shopping Mall 01/05/BPC/Com./GDA, Burj-al-Gwadar 06/07/BPC/Com/GDA, Canadian City 26/05/HS/GDA, China Commercial Complex 04/05/Com/GDA, China Village Gwadar NOC: 39/05/HS/GDA(B), China Village Jinnah Avenue NOC:06/06/COM/GDA, Coast Way Residency NOC:70/07/HS/GDA (B), Creek City NOC: 33/05/HS/GDA (B), Creek City Phase-II NOC: 33/05/HS/GDA (B), Crown city - 58/06/HS/GDA(B), Dismount Residency-42/05/HS/GDA(B), Dream City Gwadar NOC: 12/IND/GDA, Dubai City - 07/05/IND/GDA(B), Exchange city 10/05/IND/GDA(B), Falcon Homes NOC 56/06/HS/GDA(B), Finance Trade and Business Avenue NOC: 03/05/Com./GDA, Florida city Gwadar NOC: 40/05/HS/GDA (B), Free Port Housing Scheme No.01 - 23/05/HS/GDA (B), G.D.A Bolan Complex NOC: 02/05/BPC/Res./GDA, G.D.A VIP Apartment No. 1 - 01/05/BPC/Res./GDA, GDA Bolan City NOC:25/05/HS/GDA(B), GDA Housing Scheme No.5 - 05/04/H.S/ GDA, GDA Industrial Scheme No.3 NOC: 03/05/IND/GDA, Gilan Residency - 50/06/HS/GDA, Globel Village Gwadar - NOC: 34/05/HS/GDA (B), Golden Lake Avenue NOC: 28/05/HS/GDA(B), Golden Palm NOC: 03/04/H.S GDA, Golden Sands NOC: 02/05/Rec./Res./HTL/ MT/GDA (B), Grace City NOC: 48/06/HS/GDA, Green Palms NOC: 07/04/H.S/GDA(B), Gulberg city NOC: 64/07/HS/GDA(B), Gwadar City Center NOC: 05/06/BPC/Comm/GDA, Gwadar Creek Arena NOC: 01/04/IND/COM/GDA, Gwadar Gymkhana NOC: 02/05/BPC/Res/GDA, Gwadar Industrial Scheme NOC: 06/05/IND/GDA, Gwadar Royal Garden - NOC:06/04/H.S/GDA(B), Gwadar Sea View - NOC:63/07/HS/GDA(B), Gwadar Tower - NOC: 07/07/BPC/Com/GDA, Habitan Shelter - NOC: 05/05/IND/GDA, Hermain City NOC: 13/04/HS/GDA(B), Inara City - NOC: 16/05/HS/GDA (B), Indus City Gwadar - 69/07/HS/GDA, Indus Free Zone - 08/05/IND/GDA(B), Industrial and Cargo Village- 01/05/CR/IND/GDA (B), Jamal City- 27/05/HS/GDA(B), Jinnah City-12/04/H.S/GDA(B), Kalmat Industrial zone-NOC:04/05/IND/GDA, Kamayab City - NOC:24/05/HS/GDA, King City-NOC:43/05/HS/GDA(B), Koh-I-Noor Savanah-NOC:17/05/HS/GDA(B), Liberty Town - 62/07/HS/GDA, Madina City-NOC:15/05/HS/GDA(B), Makkah City - 01/04/IND/ GDA, Marine City - 59/06/HS/GDA(B), Marjan Beach Resort-06/04/B.R GDA, Meer Gurab - 54/06/HS/GDA, Miami Villas-NOC:68/07/HS/GDA(B), Model Town Gwadar-NOC:14/05/HS/GDA(B), Muscat Center-02/04/Com./GDA, New Dubai Heaven Avenue-09/05/IND/GDA(B), New World City-01/04/H.S GDA, New WorldCityPhase-2: 30/05/HS/GDA(B), Noor Marwah - 60/07/HS/GDA(B), Northern Alliance Parcs - 66/07/HS/GDA, Oasis Resort Gwadar-03/05/Rec./Res./HTL/ MT/GDA (B), Ocean City Gwadar-40/05/HS/GDA (B), Pasni Prime View-35/05/HS/GDA (Pasni), Pearl Builder-37/05/HS/GDA, Platinum Sea View-02/05/BPC/Res/GDA, Prince City-11/07/IND/GDA, Rabi City Gwadar-32/05/HS/GDA, Rabia city-NOC:53/06/HS/GDA(B), Rado City Gwadar-(NOC Suspended)51/06/HS/GDA(B), Royal Garden Ph II-45/06/HS/GDA(B), S.N. Sahil-NOC:44/05/HS/GDA(B), Sahil City-NOC:57/06/HS/GDA(B), Sara-i-Noor NOC:46/06/HS/GDA(B), Shams Developer-36/05/HS/GDA, Sharjah Center-NOC:55/06/HS/GDA(B), Subzimandi - 01/04/Com/ GDA, Sun Silver City-NOC:65/07/HS/GDA(B), Sur Creek Hotel NOC:01/05/BPC/Hot/Com./GDA, Taheri Plaza NOC:04/06/BPC/Comm/GDA, Taloo Trade Towers-02/05/BPC/Com/GDA, Uncategorized, West Bay Town 18/05/HS/GDA, White Pearl City-11/04/H.S/GDA, Zer Industrial - 02/04/IND/GDA, Zero Point Residency-49/06/HS/GDA | Leave a comment »
Gwadar port companies exempted from income tax
ISLAMABAD: The federal government has exempted income derived from E.P Zone, PSA Gwadar International Terminal Limited and Gwadar Marine Services Limited from income tax for a period of 20 years.
In this regard, the Federal Board of Revenue (FBR) has issued S.R.O. 755(I)/2007 amending Second Schedule of the Income Tax Ordinance, 2001 Ordinance by inserting after clause (126), the following new clause namely, “(126A) income derived by – (a) Gwadar E.P Zone (b) PSA Gwadar International Terminal Limited; and (c) Gwadar Marine Services Limited, from Gwadar Port operations for a period of twenty years beginning from the year in which the company is set up or commercial operation is commenced, which ever is the later”.
The Gwadar port operators would develop Gwadar E.P Zone for local as well as overseas investors mainly for export oriented industries to increase exports from Pakistan. This initiative of the government would not only attract sizeable foreign investment but would also provide job opportunities to the people of the province of Balochistan as well other parts of the country.
The establishment of PSA Gwadar International Terminal Limited and Gwadar Marine Services Limited with exemption from income tax for 20 years would help the government to attract reputable international investors to invest in Pakistan and manage the operations of this important port of the region.
Apart from Gwadar E.P.Zone, the government is also interested in developing Gwadar Oil City near Gwadar Port to attract Chinese petroleum and chemical companies to relocate their industries and their excess capacities in this proposed Oil City.
The government is aiming to utilise Gwadar Ports’ geo-strategic location as an energy, transport and industrial corridor for the countries of the region including Middle East, Central Asian Republics, China, South Asia and South-East Asia. The long-term vision of Gwadar Port as an energy hub and gateway for the countries of the region is in line with the vision for economic prosperity of the country.