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PIL finalises restructuring with Heliconia

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Pacific International Lines (PIL) has finalised its restructuring plan on 30 March, agreed with creditors including Heliconia Capital Management, a unit of the Singapore...
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Singapore court endorses PIL restructuring

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The Singapore High Court has sanctioned Pacific International Lines’ (PIL) debt restructuring scheme on 3 March, after PIL’s bond holders voted on 1 February to accept...
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PIL sells three ships ahead of court hearing

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Pacific International Lines (PIL) has sold three more vessels as the Singapore-based liner operator continues to improve its balance sheet. One ship, the 2013-built multi-purpose...
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PIL sells ship as company prepares for crucial creditors meeting

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Singaporean liner operator Pacific International Lines is continuing to offload its ships as it works to bolster its balance sheet, in preparation for its...
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Bulker sale refocuses PIL on container shipping

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Pacific International Lines, the beleaguered Singaporean liner operator, has sold another bulk carrier, as it increasingly concentrates on its core container business. VesselsValue reported PIL...
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Evergreen adds Taipei to KTP service

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Evergreen has updated its China-Japan-Philippines KTP service by adding Taipei to the rotation. The northbound call at Kaohsiung will be replaced. The revised route now...
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Unifeeder to resume Egypt–Syria trade

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According to DynaLiners, Unimed Feeder Services (Unifeeder) will restart sailings between Egypt and Syria next month. Details on the ships and schedules are yet...
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CMA CGM updates India–Middle East Gulf services

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CMA CGM has revised its Upper Gulf coverage on the India–Middle East BIGEX service. The ports of Jebel Ali, Jubail, and Shuaibu have been...
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MSC launches North India–Middle East loop

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MSC will introduce a new weekly service linking North India with the Middle East by the end of September. The service will deploy three ships,...
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