Pacific International Lines says without backing it will go under

Capt. John

Singapore-based Pacific International Lines (PIL) has told creditors that if it does not back its restructuring plan in a vote on February 1st, it will go under and creditors might receive as little as 2¢ on the dollar. The last-chance restructuring plan was shown to creditors on November 11th. It...

https://insurancemarinenews.com/insurance-marine-news/pacific-international-lines-says-without-backing-it-will-go-under/

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