East_&_West_Steamship_Company

East & West Steamship Company

East & West Steamship Company

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East & West Steamship Company (ایسٹ اینڈ ویسٹ اسٹیم شپ کمپنی) was one of the oldest locally owned shipping line in Pakistan until it was nationalised in 1974. Its ship, SS Fatima was the first ship ever registered at the newly established Port of Registry at Karachi in August 1948.[1] It was owned by the Cowasjee family. The company was restructured as the 'East and West Steamship Co. (1961) Ltd.' from 1961

Empire Mariner, which East & West bought in 1951 and renamed Fausta

Directors

The following list consists of individuals who at one time were directors of the company.

Agents

The company served as agents for Nippon Yusen Kaisha, Tokyo, Japan and The Great Eastern Shipping Company Limited of Bombay (now Mumbai), India.[4]

Ships

More information Ship, Built ...

Lost ships

  • Fakira was lost in 1956 in the China Sea.[7]
  • Minocher Cowasjee foundered on 24 January 1957 in the Indian Ocean.[6]

Burntisland Shipbuilding Company

The penalties imposed on the Burntisland Shipbuilding Company in Scotland for the delays in completion of the Ohrmazd in 1968 proved too much for the Scottish company and caused it to go into liquidation.[8]

Court cases

The company's agent, M.N. Sidhwa was involved in an income tax court case in August 1962, which was decided against it.[9]

Nationalisation

During the nationalisation drive of Prime Minister, Zulfikar Ali Bhutto, the company was merged into Pakistan National Shipping Corporation (PNSC). The owners took this nationalisation to court, whereby the Supreme Court of Pakistan ruled in their favour.[10] The Government assessed compensation at Rs. 97.012 million (2008).[10]

See also


References

  1. Malik, Iftikhar Ahmed, History of Pakistan Merchant Navy 1947- 2009 Karachi 2010 (privately published) pg 12
  2. Syed, Madeeha (2015-03-22). "The original shippers". DAWN.COM. Retrieved 2020-11-17.
  3. Ohrmazd Burntisland Shipyard. Retrieved 07 March 2011
  4. Malik, Iftikhar Ahmed, History of Pakistan Merchant Navy 1947- 2009 Karachi 2010 (privately published) pg 16
  5. Malik, Iftikhar Ahmed, History of Pakistan Merchant Navy 1947–2009 Karachi 2010 (privately published) pg 15
  6. Allen, Tony (2010-04-11). "SS Minocher Cowasjee (+1957)". The Wreck Site. The Wreck Site. Retrieved 2011-06-16.
  7. Malik, Iftikhar Ahmed, History of Pakistan Merchant Navy 1947–2009 Karachi 2010 (privately published) pg 14
  8. Shipyard Burntisland Shipyard. Retrieved 7 March 2011
  9. MN Sidhwa vs Income tax Commissioner, 1962 Indian Law Retrieved 7 March 2011
  10. Annual Accounts for 2009 Archived 2011-07-22 at the Wayback Machine PNSC Retrieved 7 March 2011

Further reading

  • Malik, Iftikhar Ahmed, "History of Pakistan Merchant Navy 1947- 2009" Karachi 2010 (privately published)

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