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Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

PIL restarts its MZS service from Singapore

Pacific International Lines (PIL) has announced it will resume its MZS service, which will offer a direct connection from the Port of Singapore to...

Intra-Asia carriers launch East Asia regional services

South Korean feeder operators Korea Marine Transport Company (KMTC Line), Namsung Shipping and CK Line with Thai Regional Container Lines (RCL) and Singapore’s regional...

MSC buying streak prolonged with PIL ship acquisition

MSC has continued its ship acquisition streak, purchasing a Panamax vessel from Pacific International Lines, which has been rightsizing its fleet. The 2010-built 4,250TEU ship...

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...
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Red Sea Gateway Terminal eyes Bangladesh’s terminal operation

Saudi Arabian Red Sea Gateway Terminal (RSGT) has shown its interest to invest in Bangladesh’s under construction Patenga Container Terminal which is expected to...

THE Alliance leads the blank sailings race

Over the next 4 weeks, The Alliance has announced 20 cancellations, followed by 2M and Ocean Alliance with 14 and 6 cancellations, respectively, according...

MSC adds Oakland port call in its Sentosa service

The Swiss liner operator MSC will enhance its Sentosa service by adding a new weekly port call at the Port of Oakland in the...

Indian government announces measures to tackle container shortage

Huge relief comes in for Indian exporters as the Indian government has extended the deadline by three months for the re-export of imported vessels...