Pacific International Lines (PIL)

PIL extends Heliconia talks and offloads more ships

Pacific International Lines (PIL) has informed the Singapore Exchange that it is again delaying filing its annual return, with the names of the latest shareholders and paid-up capital figures, which was to be submitted by 29 September 2020.

The Singapore company is still in bailout discussions with Heliconia Capital, a unit of the Singapore government’s investment company Temasek Holdings. PIL MD Teo Siong Seng, said the company hopes to finalise talks by 26 November.

PIL also sought to push back...

https://container-news.com/pil-extends-heliconia-talks-and-offloads-more-ships/

PIL sales continue with PDL divestment

Neptune Pacific Line (Neptune) has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets.

In January PIL launched a new Pacific pendulum service, by mid-February it had ended its involvement in the transpacific trades and sold a number of vessels as it struggled to maintain its...

https://container-news.com/pil-sales-continue-with-pdl-divestment/

PIL’s fleet attains Environmental Ship Index certification

Pacific International Lines (PIL), Singapore’s leading containership operator, has successfully attained Environmental Ship Index (ESI) certification for its fleet comprising of half a million TEUs.

This is a major milestone for the Singaporean shipowner ahead of the transition towards the Global Sulphur Cap 2020 from 1 January next year.

ESI certification is an on-going initiative by the World Ports Sustainability Program (WPSP) and it is a voluntary program for ship owners to enroll their...

https://container-news.com/pil-fleet-attains-environmental-ship-index-certification/

Port of Oakland adds new service to Vietnam

The Port of Oakland will add new direct service to Vietnam by late April. Pacific International Lines (PIL) will launch direct Vietnam links using vessels that can carry up to 11,900 twenty-foot containers. PIL’s new service is called AC5 and is in partnership with Cosco and Wan Hai.

New Vietnam-US West Coast service:

  • Haiphong, Vietnam loop – Haiphong, Nansha, Hong Kong, Yantian, Long Beach, Oakland, Yantian, Haiphong (AC5)

“PIL’s new direct service from the Port of Oakland is a good sign of...

https://container-news.com/port-oakland-service-vietnam/

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