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Wednesday, May 12, 2021
Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

Singamas restores profit in “transformative” 2020

The Hong Kong-listed container manufacturer Singamas Container Holdings returned to the black in 2020 on heightened container demand and is expecting demand for boxes...

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...

Karnaphuli Group acquires another PIL pair

Pacific International Lines (PIL) has sold two more ships to Bangladesh's Karnaphuli Group as the Singaporean liner operator continues to boost its liquidity. The 1999-built...

Four more PIL ships sold to Briese Schiffahrts

Pacific International Lines (PIL) has continued to sell assets, even after a Singapore court approved its debt restructuring plan, with four more container-carrying multi-purpose...

PIL upgrades to CPS vessel operator

Pacific International Lines (PIL) has increased its role in the China Pakistan Service (CPS) from a slot purchase arrangement to a vessel operating partner...

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 appoints new GM of fleet division

Goh Chung Hung has taken over the position of general manager, fleet division at Pacific International Lines (PIL) from 15 February 2021, succeeding captain...

Intra-Asia specialist Wan Hai buys Panamax ship from Doun Kisen

Taiwanese liner operator Wan Hai Lines has purchased its eighth ship, since earmarking US$360 million to buy second-hand vessels, with the purchase of the...

PIL poised for restructuring after creditors endorse scheme

Pacific International Lines (PIL) is set to escape liquidation after the majority of its lenders and creditors voted on 1 February to endorse the...
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