Singapore-based container shipping company Pacific International Lines (PIL) has announced a significant increase in its earnings for the fiscal year 2024, more than quadrupling its profits. This robust performance is attributed to a surge in demand for container shipping services and a concurrent rise in freight rates, reports the Straits Time.
Robust EarningsSingapore-based shipping line Pacific International Lines (PIL) announced robust earnings for 2024, reaching US$1.34 billion (S$1.73...
https://mfame.guru/pil-quadruples-profits-in-2024-amidst-demand-surge-and-rising-freight-rates/