Tags PIL
Tag: PIL
Wan Hai goes solo on Pacific trades
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Wan Hai Lines is now offering a solo Far East-US West Coast service after Pacific International Lines (PIL) withdrew from the Transpacific trade. The China...
PIL says expenditure must be controlled
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Pacific International Lines (PIL), the embattled Singaporean liner operator, said that market conditions remain challenging and expenditure must continue to be controlled. In a filing...
Temasek unit to make interim investment in PIL
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A unit of the Singapore government’s investment company Temasek Holdings has agreed to make an initial investment in beleaguered liner operator Pacific International Lines...
Crew kidnapped off the coast of Benin
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Five crew members including the Captain have been kidnapped from a Pacific International Lines (PIL) vessel 150 miles southwest of Cotonou Benin. The attack occurred...
Shippers are right, services are getting worse says Sea-Intelligence
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Last week the European Shippers Council (ESC)’s Jordi Espin complained that shippers were paying more for a worse service, this week Sea-Intelligence has shown...
Temasek bailout still under discussion as PIL offloads more ships
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Struggling Singaporean liner operator Pacific International Lines (PIL) has said that by the end of September 2020, it expects to complete bailout discussions with...
Yang Ming allotted state loan of nearly US$270 million
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Yang Ming Marine Transport Corporation will receive TW$8 billion (US$269.41 million) from the Taiwanese government’s recently announced financial assistance for the shipping industry. Through the...
PIL launches new intra-Asia service
Pacific International Lines (PIL) has announced the launch of its new India service – China India Express (CIX) with the maiden voyage on the...
PIL confirms Temasek bailout discussions
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Beleaguered Singaporean liner operator Pacific International Lines confirmed on 26 May 2020 that a unit of the Singapore government’s investment agency, Temasek Holdings, may...
Singaporean state investment firm Temasek mum on PIL bailout
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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...
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Ningbo-Zhoushan takes majority stake in Yangtze River terminal
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Ningbo-Zhoushan Port has become the largest shareholder of Jiangyin Sunan International Container Terminal as it targets throughput growth. China’s busiest port and the second busiest...
FMC monitors lines as SCFI breaks US$3,000 bar
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Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index...
South Carolina terminals brace for Tropical Storm Isaias
South Carolina ports have imposed restrictions on operations starting tomorrow, as they brace themselves for the arrival of Tropical Storm Isaias. Terminal work will begin...
Two crew on Hapag-Lloyd vessels test positive for Coronavirus
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Crew aboard two South African services operated by the German carrier Hapag-Lloyd have tested positive for Covid-19, with the ships now at anchorage the...
