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PIL sells more ships as debt restructuring progresses

n.savvides - September 16, 2020 0

Pacific International Lines has sold three more elderly container ships, as the beleaguered Singaporean liner operator continues to reprofile its debt and rationalise its...

News

Weak container demand sees Singamas diversify

n.savvides - September 8, 2020 0

Pacific International Lines' (PIL) container manufacturing subsidiary, Singamas, is diversifying its business as the Covid-19 pandemic has caused demand for containers to plunge. Singamas’ first...

Services

Wan Hai goes solo on Pacific trades

n.savvides - August 3, 2020 0

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...

News

PIL says expenditure must be controlled

n.savvides - July 31, 2020 0

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...

News

Temasek unit to make interim investment in PIL

n.savvides - July 29, 2020 0

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...

News

Crew kidnapped off the coast of Benin

n.savvides - July 3, 2020 0

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...

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Shippers are right, services are getting worse says Sea-Intelligence

n.savvides - June 30, 2020 0

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...

Most Visited - Newsletter

Temasek bailout still under discussion as PIL offloads more ships

n.savvides - June 29, 2020 0

Struggling Singaporean liner operator Pacific International Lines (PIL) has said that by the end of September 2020, it expects to complete bailout discussions with...

Most Visited - Newsletter

Yang Ming allotted state loan of nearly US$270 million

n.savvides - June 10, 2020 0

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...

Most Visited - Newsletter

PIL launches new intra-Asia service

Container News Team - June 9, 2020 0

Pacific International Lines (PIL) has announced the launch of its new India service – China India Express (CIX) with the maiden voyage on the...

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