Sea Port / Dry Port and Maritime Updates.

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Lloyd's removes Pakistan from war-risk maritime list​

• Decision to improve the competitiveness of Pakistani exports and strengthen the confidence of international shipping companies

July 30, 2026
By BR Web Desk

In a major development for Pakistan’s maritime sector, the country and its territorial waters have been removed from the Listed Areas of Lloyd’s Market Association’s Joint War Committee (JWC), a move that will help reduce war-risk insurance premiums and shipping costs, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said on Thursday.

The Joint War Committee Listed Areas are high-risk maritime zones designated by London marine insurers, specifically representing the Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA).

 

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Describing the development as a historic achievement, the minister, in a statement, said the decision would improve the competitiveness of Pakistani exports and strengthen the confidence of international shipping companies, traders and investors in the country.

He said the move could also make Karachi Port, Port Qasim and Gwadar more attractive to global shipping lines and investors, creating opportunities for regional trade, cargo transit and transhipment.

Chaudhry said the issue was taken up on March 13, 2026, when it was noted that Pakistan and its maritime areas had remained on the JWC’s Listed Areas for decades. Their inclusion had resulted in additional war-risk insurance premiums and surcharges for Pakistani shipping and trade, he said.

The prime minister subsequently constituted a special committee, headed by Junaid Chaudhry, to pursue the matter. The committee held negotiations with Lloyd’s officials and presented Pakistan’s case on the basis of technical evidence and factual data.

 

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The minister said that sustained negotiations eventually resulted in Pakistan being removed from the list.

He said the decision would reduce the additional financial burden on the country’s maritime trade and help Pakistani exports compete more effectively in international markets.

Chaudhry said the development was an important step towards making Pakistan a major regional logistics, transit and transhipment hub.

 

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KPT handles 55.44mt of cargo in FY 2026​

August 1, 2026
Recorder Report

KARACHI: Karachi Port Trust (KPT) handled 55.44 million tons of cargo in the financial year ended June 30, 2026, up 2.76 percent from 53.95 million tons a year.

According to the port authority’s annual performance review comparing FY 2025-26 with FY 2024-25, released by KPT, the throughput gain was driven almost entirely by imports, which climbed 5.82 percent to 35.91 million tons.

Exports moved the other way, falling 2.44 percent to 19.53 million tons.

 

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A breakdown of cargo by type shows dry bulk cargo as the standout category, rising 12.41 percent to 9.06 million tons.

Liquid bulk cargo also expanded, up 7.93 percent to 13.35 million tons, with the report noting the gain was consistent on both the import and export sides.

Dry general cargo was the one category to contract, declining 1.45 percent to 33.13 million tons.

Container handling reached 2.75 million TEUs, up 3.67 percent year-on-year.

South Asia Pakistan Terminals Limited (SAPTL) retained the largest share of terminal traffic at 59.6 percent, ahead of Karachi International Container Terminal (24.7 percent) and Karachi Gateway Terminal Limited, or KGTL, (15.5 percent). KGTL posted the fastest terminal-level growth at 7.09 percent.

Ship traffic also rose. KPT recorded 2,115 vessel calls, up 7.36 percent from 1,970 the previous year, a faster pace of growth than the increase in tonnage, meaning the average cargo parcel per ship call shrank, from roughly 27.4 kilotons to about 26.2 kilotons.

 

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