Pacific International Lines

Analysis: Evergreen looks financially adrift as hungry rivals circle

The consolidated annual numbers recently released by Evergreen confirmed that Taiwan’s container shipping industry remains one of the weakest spots globally, to put it mildly – in fact, barring state intervention, it is easy to argue that one of the three domestic carriers might well go under within 24 months or so.
Either way, with Pacific International Lines out of the consolidation game in Asia, expect some serious speculation, as early as …

The post Analysis: Evergreen looks financially...

https://theloadstar.com/analysis-evergreen-looks-financially-adrift-as-hungry-rivals-circle/

Singapore’s sovereign wealth fund, Temasek, rescues debt-laden carrier PIL

Singapore-headquartered ocean carrier PIL received loans via the country’s sovereign wealth fund, Temasek Holdings, last year, according to Alphaliner.
The consultant said the carrier had pledged its shares in the Hong Kong-listed container manufacturer Singamas as collateral; the information revealed in stock exchange disclosures which names Temasek as an “indirect” 20.56% shareholder in the box builder.
The stake is held through hedge funds controlled by Temasek and ,although it is unlike the...

https://theloadstar.com/singapores-sovereign-wealth-fund-temasek-rescues-debt-laden-carrier-pil/

Cosco may have PIL in its sights after purchasing box factories from Singamas

Alphaliner has reignited the market chatter on the future of Singapore’s niche carrier, PIL, after the line’s 41%-owned subsidiary, Singamas, announced the sale of its three largest container manufacturing factories in China to Cosco.
The privately owned carrier is the only remaining unencumbered mid-scale acquisition candidate among the top 15 container lines, given Yang Ming, HMM and Zim’s government links.
Alphaliner believes the share of the $565m proceeds from the Cosco purchase …

The post C...

https://theloadstar.com/cosco-may-have-pil-in-its-sights-after-purchasing-box-factories-from-singamas/

Market Insight: Pacific International Lines – a new end-to-end strategy that perfectly fits CMA CGM’s grand plan

The Pacific International Lines (PIL) story gets more exciting with each passing day.
In fact, alongside extraordinary corporate activity, possibly involving a tie-up with a larger carrier – which remains a distinct possibility but is still far from being my base-case scenario – its strategy has a new twist, I hear.
Changing skin 
After Mr Vessel and Mr Ocean shared their preliminary thoughts on previous deal talk and what could be next, other …

The post Market Insight: Pacific International...

https://theloadstar.com/market-insight-pacific-international-lines-a-new-end-to-end-strategy-that-perfectly-fits-cma-cgms-grand-plan/

Supply chain radar: CMA CGM in, Cosco out, as the container shipping lines flirt with M&A…

…and Singapore-based Pacific International Lines (PIL) – a target worth up to $4.5bn, based on my estimates – could well be the next ocean carrier moving the consolidation needle, as I recently argued.
While Israel’s ZIM Integrated Shipping flirts with technology and, indirectly, with its Danish partner in the 2M Alliance, Maersk, my recent PIL coverage had a trade source strongly questioning whether China’s Cosco Shipping Holdings could actually be the most …

The post Supply chain radar: CMA...

https://theloadstar.com/supply-chain-radar-cma-cgm-in-cosco-out-as-the-container-shipping-lines-flirt-with-ma/

Supply chain radar: Pacific International Lines – a takeover target worth up to $4.5bn

It has been a couple of years now since Singapore-based Pacific International Lines (PIL) was first rumoured to be a takeover target for China’s Cosco Shipping Holdings, but as M&A talk has returned with a vengeance, one obvious question – whether or not a deal is around the corner – is how much PIL could be worth if it ever opted for a change of ownership, bowing to its most likely suitor.
While …

The post Supply chain radar: Pacific International Lines – a takeover target worth up to $4.5bn...

https://theloadstar.com/supply-chain-radar-pacific-international-lines-a-takeover-target-worth-up-to-4-5bn/

NWSA welcomes first PIL vessel after 4 years

Pacific International Lines’ Kota Pekarang arrived at The Northwest Seaport Alliance’s North Harbor on Saturday, Oct. 6, making its maiden voyage to Seattle.

“The Northwest Seaport Alliance is proud to welcome PIL’s weekly service to our gateway,” said Courtney Gregoire, Port of Seattle commission president and co-chair of The Northwest Seaport Alliance. “As their strategic plans call for increased business in our region — where 40 percent of our jobs are tied to trade, we are here to ensure our...

http://container-news.com/nwsa-welcomes-pil-vessel/

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