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 TS Lines, which has been expanding its owned fleet.
The 2006-built 4,253TEU Kota Lagu was sold for an undisclosed price, but VesselsValue indicates that the ship has a current market value of around US$8 million.
TS Lines has been expanding its fleet with second-hand purchases and newbuilding orders as the company wants to reduce its...
https://container-news.com/pil-continues-restructuring-with-ship-sale-to-ts-lines/