Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

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PIL appoints new GM of fleet division

Container News Team - February 16, 2021 0

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

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

n.savvides - February 2, 2021 0

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...

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PIL poised for restructuring after creditors endorse scheme

n.savvides - February 1, 2021 0

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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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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Tag: Pacific International Lines (PIL)

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