PIL sells more ships as debt restructuring progresses

Pacific International Lines has sold three more elderly container ships, as the beleaguered Singaporean liner operator continues to reprofile its debt and rationalise its services.

VesselsValue stated on 14 September 2020 that PIL had sold the 2001-built 1,728TEU Kota Jasa, the 2002-built 2,607TEU Kota Ganteng, the 2005-built 4,253TEU Kota Laju.

The sale prices were not disclosed, although the market values of the Kota Jasa, Kota Ganteng and Kota Laju are US$2.85 million, US$4.13 million and...

https://container-news.com/pil-sells-more-ships-as-debt-restructuring-progresses/

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