Tag: logistics

  • Russian crude oil shipment faces delay, expected to reach Pakistan on June 11

    Russian crude oil shipment faces delay, expected to reach Pakistan on June 11

    In a recent development, a Russian cargo vessel carrying 100,000 tonnes of crude oil has experienced delays and is now expected to reach the Omani port of Duqm on June 7. This delay has caused a setback in Pakistan’s plans as the oil was initially scheduled to arrive in Oman on May 27-28.

    According to an official, the crude oil will be transported to Pakistan via smaller ships from the Omani port, which will take approximately two weeks to reach Port Qasim in Karachi. The Russian vessel, loaded with Ural crude on April 21 at a Russian port, encountered a delay of 10 days due to technical issues. Subsequently, it arrived at Egypt’s Suez Canal on May 17, where it faced a lengthy 12-day wait in a queue to cross the canal.

    Following its journey across the Red Sea, the vessel is anticipated to reach Duqm on Tuesday. Upon arrival, the crude oil will be unloaded onto a smaller vessel with a capacity of 50,000 tons. This smaller vessel is expected to reach Port Qasim on June 11. The remaining 50,000 tons of Russian crude will be transported separately and is scheduled to arrive at Port Qasim on June 20.

    According to The News, authorities have assured the safe and smooth arrival of the Russian crude, despite the logistical challenges that caused the delay. The official stated that the transportation cost has already been settled with the Russians, so the delay will not result in additional expenses. However, there is a concern that if the price of crude oil decreases during this period, it could have detrimental effects on the country.

    Pakistan Refinery Limited (PRL) has been entrusted with the responsibility of refining the test cargo of Russian crude oil. PRL will blend this oil with crude imported from the United Arab Emirates and Saudi Aramco. The test cargo will provide valuable data to the government regarding the quality, yields, and commercial viability of the Russian oil. Additionally, it will assist the government in assessing transportation costs, refining expenses, and refining margins for the country’s refineries.

    The government is eagerly awaiting PRL’s test report, which will aid in making informed decisions about future oil imports and refining processes.

  • DHL limits operations in Pakistan due to outbound remittance restrictions

    DHL limits operations in Pakistan due to outbound remittance restrictions

    International logistics company, DHL, announced that it will partially suspend some of its operations in Pakistan due to restrictions on outbound remittances by the government.

    DHL Pakistan has informed its customers that it will suspend its “Import Express Product” and restrict outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March 15.

    According to Dawn, the company has stated that the last pick-up date will be March 14, and shipments picked up on or before this date will still be delivered.

    The decision comes as the PMLN-led coalition government and the State Bank of Pakistan have imposed restrictions on outward remittances for foreign companies operating in Pakistan amid fast-dwindling foreign exchange.

    DHL has stated that the remittances sent by DHL Pakistan cover the cost of DHL’s international aviation, hub, gateway, and last-mile delivery incurred through its global network for the shipments sent/received by valued customers. The company has added that this constraint has made it unsuitable for DHL Express to continue providing the full product offering in Pakistan.

  • BYKEA hints at launching a car-hailing service

    BYKEA hints at launching a car-hailing service

    The bike taxi and logistics company BYKEA has recently hinted that it will start offering a car-hailing service. Although the company has not publicly announced its plans or informed its regular users, a recent tweet from its official account suggests what it may be up to in the next weeks or months.

    Since BYKEA offers slightly lower costs than its competitors, such as Uber and Careem, it has experienced tremendous growth and popularity among everyday commuters. However, given that petrol prices are so high and that people would rather take inexpensive transportation than spend money on a car, it does not seem like the ideal time to roll out such a service.

    https://twitter.com/bykeapk/status/1561712052577734658?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1561712052577734658%7Ctwgr%5Edd9180fcae0de4b4a46012b47b2b13a878212574%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpropakistani.pk%2F2022%2F08%2F22%2Fbykea-to-launch-a-car-hailing-service-soon%2F

    Although it is too early to speculate about BYKEA’s plans, but it is apparent that the ride-hailing company is growing and wants to expand its operations in the country. Considering its latest tweet, “hum 2 se 4 honay walay hain,” makes it obvious that the company is actively formulating a significant strategy.