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Friday, September 17, 2021
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PIL finalises restructuring with Heliconia

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

Singapore court endorses PIL restructuring

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...

PIL sells three ships ahead of court hearing

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...

PIL sells ship as company prepares for crucial creditors meeting

Singaporean liner operator Pacific International Lines is continuing to offload its ships as it works to bolster its balance sheet, in preparation for its...

Bulker sale refocuses PIL on container shipping

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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MSC pushes up rates from South Africa to Europe

The Swiss shipping company MSC will apply new freight rate increases for shipments travelling from South Africa to Europe, which will be effective from...

Bollore Transport & Logistics acquires warehouse at Nairobi

Bolloré Transport & Logistics has acquired a 5,000m² modern warehousing space at the Nairobi Gate Industrial Park in Kenya to accommodate its expanding supply...

APM Terminals Callao to provide regional government with oxygen plant

APM Terminals Callao (APMTC) will supply an oxygen plant to the Regional Government of Callao, Peru, as an effort to support the battle against...

PortxGroup to represent Kuenz in Oceania

Kuenz and PortxGroup have announced the signing of an agreement, according to which PortxGroup will exclusively represent Kuenz container handling cranes in Australia and...