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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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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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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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News

PIL receives Best Employer for Container Fleet award

Container News Team - 0
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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Nuclear-powered vessels gain momentum amid climate push

CN Premium Articles Alexandros Itimoudis - 0
As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...
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Ukrainian ports face new risks after drone strikes on Russia

CN Premium Articles Alexandros Itimoudis - 0
On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...
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Mixed response to Suez Canal discounts

CN Premium Articles Container News Team - 0
Container lines are mostly not ready to follow CMA CGM in dabbling with a Red Sea return, notwithstanding the Suez Canal Authority's (SCA's) discounts,...
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Mersin International Port completes first phase of expansion project

Port News Container News Team - 0
Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...
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