Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

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PIL sells ship as company prepares for crucial creditors meeting

n.savvides - January 29, 2021 0

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

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PIL: soaring rates inadequate to escape liquidation

n.savvides - January 18, 2021 0

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

News

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

n.savvides - January 12, 2021 0

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...

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PIL fire sale continues with feeder pair

n.savvides - January 6, 2021 0

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,...

News

Schulte Group trio among Wan Hai’s ship acquisitions

n.savvides - December 23, 2020 0

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...

News

PIL ship on fire in NZ’s Napier port

n.savvides - December 18, 2020 0

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...

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Bulker sale refocuses PIL on container shipping

n.savvides - December 16, 2020 0

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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NPD Line relaunches following PIL sale

n.savvides - December 10, 2020 0

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

n.savvides - December 9, 2020 0

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...

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Updated: PIL defaults on bond payments

n.savvides - November 17, 2020 0

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...

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Tag: Pacific International Lines (PIL)

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