KARACHI: A high profile Korean delegation of Ministry of Oceans and Fisheries visited Karachi Port Trust on Monday for a briefing-cum-meeting to explore possible business opportunities offered by the premier port of Pakistan for investments and joint ventures which could mutually benefit both the countries.
The Korean delegation led by Director of Port Investment Cooperation Division, Mr Hi Young Lee, Deputy Director of Port Investment Cooperation Division, Mr Kyuhwan Ko, Representative Director, IL JIN International Co. Ltd (Engineering Company), Mr Hwang Beom Ryu, President SEIL Engineering Company, Mr Jumin Song, Director SEIL Engineering Company, Mr Youngkil Hyun, President GIA Company, Mr Kyu Sung Lee, President Madina Trading Co. Ltd, Mr Nawaz Jan Mohammad and Team Leader Korea Ports & Harbours Association, Mr Yongwong Kim and ex-Ambassador to South Korea Mr Shaukat Ali Mukadam was given a complete briefing on present and future projects of KPT. The delegation was briefed by Chairman KPT Vice Admiral Shafqat Jawed HI (M) about the role KPT plays in trade and commerce of the nation.
The Chairman KPT, while briefing about the infrastructure of the port, informed the Korean delegation that the premier port of Pakistan, the Karachi Port, is well equipped with dredgers, flotilla crafts and has complete infrastructure to facilitate port users. With regards to the depth of Karachi Port channel, the Chairman KPT further informed the delegates about the recently undertaken dredging which has made the port capable of handling 13 meters draught vessels at the port and in the same connection he made the delegates aware of about the future outlook of the port with respect to the commencement of cargo handling activities from bigger post PANAMAX vessels that will call on when the first phase of deep water container port attains completion.
Various projects of KPT came under discussion with respect to their utility for the port to have such capital intensive projects. The delegation showed keen interest in port facilities and the projects like Elevated Port Expressway, multipurpose Bulk / Coal terminal, Industrial park and Cargo Village that are planned by KPT and offers investment opportunities to the Korean ministry of Ocean & Fisheries and will strengthen the relations of two maritime nations. In their gesture of compliment they welcomed the initiatives of the port and thanked the Chairman KPT Vice Admiral Shafqat Jawed which concluded the proceedings of the day.