ISLAMABAD (APP) The Karachi Port Trust (KPT) has established an annual cargo handling record of over 41.4 million tons during July-March 2010-11, indicating an increase of 6.9 percent over last year. An official told APP that there has also been remarkable increase in all types of cargo handling including bulk, break bulk and containers. The consolidated revenues of Pakistan National Shipping Corporation group for the quarter ended March 31, 2011 were Rs 2,552 million (including Rs. 1,043 million from PNSC), making a total of Rs. 6,772 million (including Rs.1,805 million from PNSC) for the nine months under review as against Rs. 5,583 million for the nine months ended march 31, 2010. The earnings per share for the 9 months period ended March 31, 2011 were Rs.5.96 as against Rs. 5.28 last year. The Net profit after tax was Rs. 787 million as against Rs. 697 million last year. PNSC has acquired four Bulk Carriers (one Panamax, one Handymax, one Supramax and one Handysize) at a total price of US$ 124.25 million, managed through commercial loan, which PNSC contracted Transport and Communication 179 with a consortium of commercial banks. The first vessel was delivered to PNSC on October 25, 2010 at Kashima-Japan and is named as Chitral and second vessel Malakand was delivered to PNSC on December, 27 2010 at Dalian-China, Third vessel Hyderabad was delivered to PNSC on April 21, 2011 at Guangzhou China. The global shipping industry has been going through a lean patch and it is anticipated that the recovery period yet to come however PNSC during the tough time in global shipping remained profitable during the nine month of FY 2010-11. The Corporation has developed a Five Years Fleet Development Plan (2010-15), which envisaged induction of 13 vessels. While PNSC is pursuing inductions, this development plan is kept under continuous review and is revised/updated on the basis of trade & freight market trends in global shipping industry.