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Bulker sale refocuses PIL on container shipping

n.savvides - December 16, 2020 0

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

n.savvides - November 5, 2020 0

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

n.savvides - October 12, 2020 0

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

n.savvides - October 6, 2020 0

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

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...

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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...

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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...

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PIL confirms Temasek bailout discussions

n.savvides - May 27, 2020 0

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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