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PIL finalises restructuring with Heliconia

n.savvides - March 31, 2021 0

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

n.savvides - March 3, 2021 0

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

n.savvides - March 1, 2021 0

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

n.savvides - January 29, 2021 0

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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