“The company has determined that it is not commercially feasible for it to make payment(s) (comprising of principal and interest payable) under the S$60,000,000 [U$44.5m] 8.5% Fixed Rate Notes due 2020 (…) issued by the company and due today, 16 November 2020.” – Pacific International Lines, 16 November 2020.
Here’s a quick update about Singapore’s Pacific International Lines (PIL), which immediately brings memories of takeover talk over the past two years. And, …
The post On the wires: Is PIL...
https://theloadstar.com/on-the-wires-is-pil-drowning-or-waving-ask-cma-cgm-or-cosco-in-2021/