Karachi: Pakistan National Shipping Corporation (PNSC) has announced a significant development in its maritime fleet expansion strategy. On October 22, 2025, PNSC disclosed that Quetta Shipping Company (Pvt) Ltd., a wholly owned subsidiary, has entered into a Memorandum of Agreement to purchase an MR-II tanker vessel. The vessel, named M.T. Stavanger Poseidon, boasts a deadweight tonnage of 50,000 tonnes.

The acquisition aligns with the strategic objectives of PNSC in enhancing its shipping capabilities through modern and efficient vessels. The move is expected to bolster the operational capacity of Quetta Shipping Company, further consolidating its position in the maritime industry.

According to information available from the Pakistan Stock Exchange (PSX), the transaction adheres to the regulatory requirements stipulated by Section 96 of the Securities Act, 2015, and clause 5.6.1 (a) of the Rule Book of the Pakistan Stock Exchange Limited. The disclosure aims to ensure transparency and inform the exchange members about the latest advancements within the corporation's operations.

The acquisition of M.T. Stavanger Poseidon is seen as a pivotal step for Quetta Shipping Company in optimizing its marine logistics and expanding its service offerings. The corporation's decision reflects its commitment to maintaining a robust fleet that meets international maritime standards.

Members of the exchange have been duly notified of this material information, marking a notable milestone in the corporation's ongoing efforts to advance its shipping infrastructure.