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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...
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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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News

PIL denies bankruptcy rumours

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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...
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Most Visited - Newsletter

PIL admits to financial stress

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

OECD warns failure to contain Covid-19 could slash growth

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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...
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Most Visited - Newsletter

PIL continues ship sales with Wan Hai Neo-Panamax deal

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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...
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News

Troubled PIL ceases Transpacific services

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Vietnam attracts more containers amid US-China trade war

Container News Team - 0
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...
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Most Visited - Newsletter

PIL launches new transpacific pendulum service

Container News Team - 0
PIL will improve its USA West Coast and India West Coast service. The company's current ACS & CIS service will now be combined into...
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Services

PIL upgrades its South America services

Container News Team - 0
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...
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NWSA drive nearly $55 billion in economic activity

News Giannis Nikolakis - 0
A new economic impact report confirms that the Northwest Seaport Alliance (NWSA), the Port of Seattle, and the Port of Tacoma remain vital engines...
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FBX slides as container rates cool across key trade lanes

Rates & Surcharges Container News Team - 0
The latest figures from the Freightos Baltic Index (FBX) show a significant drop in global container freight rates, with the composite index falling 19.7%...
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LOGISTEED launches off-site PPA electricity procurement

News Giannis Nikolakis - 0
LOGISTEED, has announced the rollout of a new off-site Power Purchase Agreement (PPA) program to supply renewable electricity to logistics centers operated by its...
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GEODIS marks key milestone in the floating offshore wind market

News Antonia Saratsopoulou - 0
GEODIS has completed a major milestone in the floating offshore wind sector, coordinating the transport and float-off of three 2,500-ton substructures as part of...
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