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Bulker sale refocuses PIL on container shipping

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Pacific International Lines, the beleaguered Singaporean liner operator, has sold another bulk carrier, as it increasingly concentrates on its core container business. VesselsValue reported PIL...
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PIL sells two more ships

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Pacific International Lines has sold another two ships as the troubled Singaporean liner operator works on bolstering its balance sheet. South Korean feeder operator Taiyoung...
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PIL continues restructuring with ship sale to TS Lines

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Pacific International Lines (PIL), the cash-strapped Singaporean liner operator, has sold yet another ship and it has been snapped up by Taiwanese intra-Asia carrier...
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PIL extends Heliconia talks and offloads more ships

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Pacific International Lines (PIL) has informed the Singapore Exchange that it is again delaying filing its annual return, with the names of the latest...
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PIL sells more ships as debt restructuring progresses

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Pacific International Lines has sold three more elderly container ships, as the beleaguered Singaporean liner operator continues to reprofile its debt and rationalise its...
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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...
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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...
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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...
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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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BIMCO approves management agreement for autonomous vessels

News Alexandros Itimoudis - 0
BIMCO’s Documentary Committee has recently approved the AUTOSHIPMAN agreement to support the increasing number of remotely controlled vessels. The AUTOSHIPMAN deal establishes a standardized contractual...
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Shipnet appoints two new directors

News Container News Team - 0
Norway-based maritime technology company, Shipnet has strengthened its senior leadership team with the appointment of a new finance director and HR director. Paula Summers, who...
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Maersk names its new dual-fuel methanol container ship

News Container News Team - 0
On 9 October, A.P. Moller - Maersk named its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the International...
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East Java Multipurpose Terminal could operate as “weight lifter” for Indonesia

Port News Alexandros Itimoudis - 0
The recent inauguration of the East Java Multipurpose Terminal (EJMT) marks a significant development in Indonesia's maritime infrastructure, particularly for the bustling region of...
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