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Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

PIL denies bankruptcy rumours

Singapore carrier Pacific International Lines (PIL) has issued a strong statement denying reports that the company is suffering financial difficulties. The company has made a...

PIL admits to financial stress

Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...

OECD warns failure to contain Covid-19 could slash growth

The Paris-based Organization of Economic Co-operation and Development (OECD) has issued a warning to governments that a failure to contain the Covid-19 virus could...

PIL continues ship sales with Wan Hai Neo-Panamax deal

Pacific International Lines (PIL) continues to sell container ships amid talk of financial pressures at the Singapore-based liner operator. On 2 March 2020, Taiwanese carrier...

Vietnam attracts more containers amid US-China trade war

Amid the US-China trade war, Vietnam has benefited the most. As manufacturers shift some production from China to Vietnam, intra-Asia liner operators have been...

PIL launches new transpacific pendulum service

PIL will improve its USA West Coast and India West Coast service. The company's current ACS & CIS service will now be combined into...

PIL upgrades its South America services

As from December 2018, PIL will offer an upgraded product for Asia to East Coast South America. PIL's SSA (Sino South America Service) will...

PIL receives Best Employer for Container Fleet award

PIL is honoured to be voted by seafarers as the "Best Employer for Container Fleet". Company received the Memento and Certificate at the 2018 Seajob...
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Hapag-Lloyd announces updates on Dakar Express service

Hapag-Lloyd has announced that as of week 22 the Dakar Express (DEX) will resume the regular calls in Lisbon on the southbound leg. By reinstating this...

APL vessel loses over 40 boxes off New South Wales coast

At least forty containers overboard from the Singapore-flagged container ship APL England have been lost off the New South Wales coastline on 24 May. According...

Zhonggu Shipping boosts Tianjin and Xiamen port volumes

Chinese domestic container operator Zhonggu Shipping Group has signed an agreement with Xiamen Port Holding Group and Tianjin Port Development Holdings as the two...

Global Ports introduces new Liebherr crane in Saint Petersburg

Global Ports has announced that a new Liebherr LHM 550 mobile harbour crane was put into operation at the Petrolesport terminal in the Greater...