According to the coal vessel lineup at PIBT, ships are facing delays of 10 to 20 days in discharging their cargoes. Fahim Siddiqi/White Star
KARACHI: Cement-makers have asked the federal government to allow the discharge of imported coal at Karachi Port Trust (KPT) as their demurrage mounts on account of the alleged mishandling of cargo at Pakistan International Bulk Terminal (PIBT), the country’s only coal-handling terminal with a single dedicated berth at Port Qasim.
According to the coal vessel lineup at PIBT, ships are facing delays of 10 to 20 days in discharging their cargoes.
In separate letters to the ministers for power and maritime affairs, the All Pakistan Cement Manufacturers Association (APCMA) demanded on Wednesday that the government should make multiple berths available for coal handling at KPT to minimise demurrage.
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Daily Times
June 7, 2021
Cement sector showed excellent growth of around 21 percent during the first 11 months (July-May) of the current fiscal year 2020-21, as total cement dispatches during the month remained 52.222 million tonnes against 43.189 million tonnes during the corresponding period of last fiscal year.
Likewise, growth remained around 50 percent on a year-on-year (YoY) basis in May 2021, as total cement dispatches during the month remained 3.947 million tonnes as compared to 2.634 million tonnes during the same month in the previous fiscal year.
According to data released by All Pakistan Cement Manufacturers Association (APCMA), the cement sector showed excellent growth of 49.86 percent in May 2021. Domestic cement dispatches during May increased to 3.201 million tonnes from 2.271 million tonnes in the same month in FY20. Exports massively rose by 105.56 percent – from 363,174 tonnes in May 2020 to 746,550 tonnes last month.
Following a Rs10 per 50kg bag jump on May 29, the Northern region cement makers further raised price by Rs5 on June 4, taking the average price to Rs609 per 50kg bag. AFP/File
KARACHI: The month of May proved to be a good one for all cement manufacturers as local sales jumped 41 per cent in spite of the long Eid-ul-Fitr holidays and price increase by manufacturers in the North region.
Following a Rs10 per 50kg bag jump on May 29, the Northern region cement makers further raised price by Rs5 on June 4, taking the average price to Rs609 per 50kg bag. Currently, the 50kg cement bag in North zone is priced between Rs610-615.