PIL has sold two more ships, as the troubled Singaporean liner operator continues its asset sales to bolster its balance sheet.
One of the ships, 2000-built 1,728TEU Kota Jati, was purchased by Chinese intra-Asia carrier, EAS International Shipping, and has been renamed EAS Osaka.
EAS operates services between China, South Korea and Japan, using a fleet of elderly vessels. The company is owned by Chinese property group Tianjin Yicheng, which acquired EAS from Malaysian conglomerate Kuok Group in...
https://container-news.com/pil-fire-sale-continues-with-feeder-pair/