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Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

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...

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...

PIL: soaring rates inadequate to escape liquidation

Pacific International Lines’ (PIL) management said that despite the recent hike in container freight rates, the Singaporean carrier remains overleveraged and needs further restructuring...

Updated: PIL fine for Guam oil dumping adds to carrier’s woes

Pacific International Lines (PIL) has been fined US$3 million for the illegal dumping of oil from one of its ships into Guam’s Apra Harbor. The...

PIL fire sale continues with feeder pair

PIL has sold two more ships, as the troubled Singaporean liner operator continues its asset sales to bolster its balance sheet. One of the ships,...

Schulte Group trio among Wan Hai’s ship acquisitions

Taiwan operator Wan Hai lines has used its second-hand vessel fund of US$360 million to acquire five ships, including Teal Hunter, whose acquisition was...

PIL ship on fire in NZ’s Napier port

Fire broke out in the cargo holds of one of Pacific International Lines’ (PIL) container-carrying general cargo ships in the morning of 18 December. New...

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...

NPD Line relaunches following PIL sale

Following Neptune Pacific Line’s acquisition of Pacific Direct Line from Pacific International Lines in March, the company has rebranded to Neptune Pacific Direct Line...
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