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Tags Pacific International Lines (PIL)

Tag: Pacific International Lines (PIL)

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Singamas restores profit in “transformative” 2020

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The Hong Kong-listed container manufacturer Singamas Container Holdings returned to the black in 2020 on heightened container demand and is expecting demand for boxes...
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News

PIL finalises restructuring with Heliconia

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Pacific International Lines (PIL) has finalised its restructuring plan on 30 March, agreed with creditors including Heliconia Capital Management, a unit of the Singapore...
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News

Karnaphuli Group acquires another PIL pair

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Pacific International Lines (PIL) has sold two more ships to Bangladesh's Karnaphuli Group as the Singaporean liner operator continues to boost its liquidity. The 1999-built...
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Four more PIL ships sold to Briese Schiffahrts

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Pacific International Lines (PIL) has continued to sell assets, even after a Singapore court approved its debt restructuring plan, with four more container-carrying multi-purpose...
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Services

PIL upgrades to CPS vessel operator

Container News Team - 0
Pacific International Lines (PIL) has increased its role in the China Pakistan Service (CPS) from a slot purchase arrangement to a vessel operating partner...
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Singapore court endorses PIL restructuring

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The Singapore High Court has sanctioned Pacific International Lines’ (PIL) debt restructuring scheme on 3 March, after PIL’s bond holders voted on 1 February to accept...
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PIL sells three ships ahead of court hearing

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Pacific International Lines (PIL) has sold three more vessels as the Singapore-based liner operator continues to improve its balance sheet. One ship, the 2013-built multi-purpose...
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PIL appoints new GM of fleet division

Container News Team - 0
Goh Chung Hung has taken over the position of general manager, fleet division at Pacific International Lines (PIL) from 15 February 2021, succeeding captain...
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Intra-Asia specialist Wan Hai buys Panamax ship from Doun Kisen

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Taiwanese liner operator Wan Hai Lines has purchased its eighth ship, since earmarking US$360 million to buy second-hand vessels, with the purchase of the...
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PIL poised for restructuring after creditors endorse scheme

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Pacific International Lines (PIL) is set to escape liquidation after the majority of its lenders and creditors voted on 1 February to endorse the...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Rates & Surcharges Antonis Karamalegkos - 0
Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...
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Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Services Container News Team - 0
Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...
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Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

CN Premium Articles Container News Team - 0
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
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MSC and ZIM downsize joint Far East-US East Coast service network

Services Antonis Karamalegkos - 0
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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