Largest-ever container ship docks in Karachi, marking record for Pakistani ports

Largest-ever container ship docks in Karachi, marking record for Pakistani ports
The photo shared on October 12, 2025, shows a container ship docked at Pakistan’s Hutchison Ports terminal in Karachi. (Photo courtesy: Hutchison Ports)
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Updated 12 October 2025
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Largest-ever container ship docks in Karachi, marking record for Pakistani ports

Largest-ever container ship docks in Karachi, marking record for Pakistani ports
  • Karachi’s deep-water terminal hosts 400-meter MSC Micol, new class of ultra-large container ship
  • Arrival of ship signals rising investor confidence in Pakistan’s trade routes and maritime infrastructure

KARACHI: Pakistan’s Hutchison Ports terminal in Karachi has received the largest container ship in the country’s history, a 400-meter-long vessel operated by Mediterranean Shipping Company (MSC) with a capacity for more than 24,000 containers, in a move officials say underscores growing global confidence in Pakistan’s maritime and logistics potential.

The arrival of the MSC Micol, one of the world’s most advanced container ships, marks a major milestone for Pakistan’s shipping industry, which has long lagged behind regional competitors such as India and the United Arab Emirates in handling ultra-large vessels. 

Hutchison Ports Pakistan, a subsidiary of the Hong Kong-based Hutchison Ports group and the country’s only deep-water terminal, said the berthing of the MSC Micol demonstrates that Pakistan now has the infrastructure to accommodate next-generation vessels that dominate global trade routes between Asia and Europe.

“Hutchison Ports Pakistan, the country’s only deep-water container terminal, has berthed the largest vessel in the nation’s history,” the company said in a statement. “MSC Micol, a next-generation container ship measuring 400 meters in length with a capacity of 24,070 TEUs, is among the world’s most advanced vessels and the largest ever to call at a Pakistani port, marking a historic milestone for Pakistan’s maritime industry.”

The terminal operator said the development underscores “the growing confidence of global shipping lines in Pakistan’s maritime potential” and highlights its “world-class capability” to handle vessels of this scale. 

It added that the ability to berth ultra-large container ships will help reduce freight costs and improve trade efficiency, benefits that could make Pakistan’s exports more competitive and imports more cost-effective.

Pakistan’s main seaports, Karachi and nearby Port Qasim, have traditionally handled smaller ships due to draft limitations, restricting their ability to compete with regional deep-water hubs such as Dubai’s Jebel Ali or India’s Mundra Port. The opening of Hutchison Ports Pakistan in 2018 gave the country its first facility capable of receiving vessels up to 400 meters long, a key requirement for the latest generation of global shipping fleets.

Located in Karachi’s Keamari district, the terminal is part of Hutchison Ports’ global network of 53 ports across 24 countries. Its expansion comes as Pakistan seeks to boost exports, streamline logistics, and strengthen trade corridors linked to the China-Pakistan Economic Corridor (CPEC). 

Industry analysts say the arrival of ultra-large vessels could also lower per-container handling costs and encourage major shipping lines to include Pakistan in their mainline Asia–Europe routes, rather than relying on feeder services via Gulf ports.


Barrick considers splitting into two entities threatening sale of Pakistan’s Reko Diq mine

Barrick considers splitting into two entities threatening sale of Pakistan’s Reko Diq mine
Updated 15 November 2025
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Barrick considers splitting into two entities threatening sale of Pakistan’s Reko Diq mine

Barrick considers splitting into two entities threatening sale of Pakistan’s Reko Diq mine
  • Shares of Barrick Mining rose on the Toronto Stock Exchange on Friday following the report, closing up 3%
  • Investors say Barrick’s shares are undervalued, ask firm to find ways to take advantage of gold price rally

TORONTO: The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the company’s thinking told Reuters.

A split could also include the outright sale of Barrick’s African assets as well as of the Reko Diq mine in Pakistan, once it has secured financing, according to the sources.

In Mali, Barrick is looking to resolve a dispute with the African nation’s military administration before selling the asset, sources said.

A Barrick spokesperson did not immediately respond to requests for comment. Interim CEO Mark Hill, asked on Monday about a possible split, said the company does not comment on speculation.

Talks are ongoing and nothing has yet been finalized, the sources said. The plans, if they go through, would essentially reverse Barrick’s merger with Randgold in 2019, and shed assets brought in by former CEO Mark Bristow.

The company’s focus on North America, including Fourmile, a major undeveloped gold mine in Nevada, would ensure that Barrick does not get undervalued in case of a potential takeover offer, one of the sources said.

Fourmile mine test production is not due to start until 2029.

Hill said earlier this week that the company would shift its focus to North America, prompting a ratings upgrade on its shares by analysts at Jefferies and elsewhere.

Shares of Barrick rose on the Toronto Stock Exchange on Friday following the Reuters report, closing up 3 percent. Investors have said Barrick’s shares are undervalued and have asked the company to find ways to take better advantage of a historic rally in gold prices.

Although Barrick shares have jumped 130 percent this year, in the last five years the company’s returns have been lower than its peers, gaining 52 percent while Agnico Eagle has jumped 142%.

Investors had previously proposed that the company divide into one division with stable assets such as Nevada and Fourmile, and another with riskier assets in Africa, Papua New Guinea, and Reko Diq, one of the people said.

As one of the few gold mining companies with assets spanning multiple continents, Barrick’s biggest risk has been mines in politically volatile regions, investors say. Earlier this year, Barrick lost control of its most profitable mine, the Loulo-Gounkoto complex in Mali, leading to a $1 billion write-off. A dispute over the country’s new mining tax code led to the seizure of 3 metric tons of gold and a provisional administrator taking charge of the mine. Four Barrick employees are still incarcerated by the Malian administration.

“There has been a view that there is a lot of value in Nevada,” said one Barrick investor.

If the Nevada mine were a publicly listed company on its own, it would be one of the world’s largest-capitalized gold mining companies, the investor added, asking not to be identified as they were not authorized to speak to the media.

The company has resisted splitting in the past because without Nevada, this investor said, there is not much of value in its other mines. Barrick runs the Nevada gold mine in partnership with Newmont Corp.

In addition to Nevada and Mali, the company’s other working facilities include copper mines in the Democratic Republic of Congo, gold in Tanzania, the Dominican Republic, and Papua New Guinea.