Share:ISLAMABAD - Oil Marketing Association of Pakistan on Thursday said that poor planning in the handling of oil ships at the country’s ports was causing massive financial losses to the importing companies that are made to pay high demurrage fees. These imports are done through Keamari, Karachi Port Trust (KPT), FOTCO Terminal Port Qasim, and Byco’s Single Point Mooring. The average waiting time was 4.17 days for all vessels – with 6.24 days at FOTCO and 2.77 days at KPT. Vessels carrying crude and jet fuel faced shorter delays of 1.34 days and 1.75 days respectively. Ships bringing in high speed diesel and premium motor gasoline, meanwhile, had to face longer waits – 5.49 days and 5.41 days respectively.

Source: The Nation September 17, 2021 04:18 UTC