KARACHI: Pakistan International Bulk Terminal (PIBT) handled a record 1.04 million tonnes of coal cargo in December 2020, up 32 per cent from 0.791 million tonnes in December 2019, it said in a statement on Wednesday.
He added that this is the first month that the volume of the terminal has crossed one million tonnes – which has firmly established PIBT as the largest bulk terminal in the country.
Also, the terminal handled 5.27 million tonnes of cargo from July to December 2020, which is 19.7% more than the 4.407 million tonnes of coal handled in the same period in 2019. During the last six months, a total of 92 cargo vessels arrived at the terminal, while the total number of ships to handle between July 2019 and December 2020 was 77.
Sharq Siddiqui, CEO, PIBTL, said, “This performance over the last six months is in line with our goal of working internationally on performance and setting industry standards for the most efficient cargo handling. PIBTL CEO Sharq Siddiqui added that PIBT must be part of the coal supply chain across the country.
The PIBT was set up at a cost of 30 305 million on the basis of BOT (Blood, Operate, and Transfer) at Port Qasim to transform the handling of waste bulk cargo to modern eco-friendly standards. It is a state-of-the-art terminal with a capacity of 12 million tons of coal and 4 million tons of cement and stains / annual completion.
The terminal began operations in 2017 and has since handled a total of 452 ships and 25.2 million tons of cargo.
The terminal has so far paid about Rs 10 billion per tonne to the national exchequer, including 2. 2.27 per tonne of cargo handling, and royalty payments for other duties and taxes.