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Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

Wan Hai earmarks US$360 million for second-hand ships

Wan Hai Lines' directors said on 7 December 2020 that the company is considering purchasing more second-hand ships and has set aside a budget...

Updated: PIL defaults on bond payments

Pacific International Lines is unable to make good on the principal and interest due to holders of an SG$60 million (US$43.8 million) bond issue...

PIL files for court protection as restructuring plan takes shape

Pacific International Lines (PIL) has announced that it has developed a restructuring plan with its investors Heliconia Capital Management and has applied to Singapore’s...

PIL sells two more ships

Pacific International Lines has sold another two ships as the troubled Singaporean liner operator works on bolstering its balance sheet. South Korean feeder operator Taiyoung...

PIL revamps African regional service

Cash-strapped Singaporean liner operator Pacific International Lines (PIL) continues its restructuring with the closure of its Far East-Indian Ocean-Mozambique (MZS) service, opting instead to...

PIL continues restructuring with ship sale to TS Lines

Pacific International Lines (PIL), the cash-strapped Singaporean liner operator, has sold yet another ship and it has been snapped up by Taiwanese intra-Asia carrier...

Dongjin takes delivery of fourth newbuilding

South Korean feeder operator Dongjin Shipping has upgraded its South Korea-Japan service with a 1,000TEU newbuilding that it just bought from Dae Sun Shipbuilding...

PIL extends Heliconia talks and offloads more ships

Pacific International Lines (PIL) has informed the Singapore Exchange that it is again delaying filing its annual return, with the names of the latest...

PIL sales continue with PDL divestment

Neptune Pacific Line (Neptune) has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will link...
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