Pacific International Lines News

27 May 2020

Pacific International Lines Secures Debt Deal

© Alexander Gorter / MarineTraffic.com

Singapore-based container ship operator Pacific International Lines Pte (PIL) has agreed with most of its financial lenders to defer debt payments and is in talks with a unit of Singapore state investor Temasek Holdings for a potential investment.PIL said in a statement on Tuesday that it had made significant progress in cutting asset costs due to the challenges the sector has been facing but the coronavirus pandemic had made matters worse over the past month.“Due to the situation…

16 Mar 2020

Neptune Pacific Acquires Pacific Direct

 Image: Neptune Pacific Line

Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its Singapore based parent holding company, Pacific International Lines (PIL).The acquisition makes Neptune the new owners of all of PDL’s regional and Fiji based companies. The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets…

16 Feb 2020

PIL Exits Transpacific Market

Image: Pacific International Lines

Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy. The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements.PIL’s last Transpacific sailing will be in March 2020.The company said it has taken the decision as part of a wider strategic review of its business. Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa…

23 Aug 2019

PIL Fleet Wins ESI Certification

Pic: Pacific International Lines

Singapore’s leading containership operator Pacific International Lines (PIL) has successfully attained Environmental Ship Index(ESI) certification for its fleet comprising of half a million TEUs.According to the shipping company, this is a major milestone for the Singaporean shipowner ahead of the transition towards the Global Sulfur 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…

09 Jul 2019

PIL Upgrades SE Asia - Aus Services

Map: Pacific International Lines Pte Ltd

Singapore-based shipping company Pacific International Lines Pte Ltd (PIL) announced improvements to its Southeast Asia to Australia services to meet the changing needs of the markets.PIL's current Australia-Asia Alliance Service 1 and 2 (AA1 & AA2) will be upgraded to offer more competitive transit times and better port connections.The enhanced AA1 and AA2 services will cover all major ports in Australia with effect from early August, shipper said in a press note.Port rotations of AA1 will be Laem Chabang – Singapore –Melbourne – Sydney – Brisbane - Singapore – Laem Chabang.

27 Jun 2019

Shipping Companies: Is Bigger Better?

© Julien/Adobe Stock

“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.”Dr. Roar Adland, visiting scholar at MIT Center for Transportation and Logistics and Professor at the Norwegian School of Economics (NHH).Like any other business…

15 May 2019

Cosco Eyes PIL Takeover

Image: Cosco Shipping Holdings Co.

After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean carrier  had bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if family-owned PIL’s owners decide to sell, reported WSJ.Cosco…

14 May 2019

PIL Enhances Transpacific Services

Pic: PIL Shipping

The Singapore-based family-owned shipping company Pacific International Lines (PIL)  announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019.America China Service 5 (AC5) will be adding Haiphong as first port of call with effect from 30th April 2019.Full rotation of America China Service 5 (AC5): Haiphong - Nansha - Hong Kong - Yantian - Long Beach - Oakland - Yantian - HaiphongPIL also launched a new string…

01 Feb 2019

PIL, IBM Complete Blockchain Project

Pic: Pacific International Lines

Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.With the use of e-BL, the trial has produced a significant reduction in the administrative process of transferring the title deed from five to seven days to just one second."This is significant because the Bill of Lading is one of the most crucial documents used in international trade…

03 Oct 2018

PIL, IBM to Implement Electronic Bill of Lading

Photo: Pacific International Lines

Singapore’s containership operator Pacific International Lines (PIL) collaborates with IBM Singapore in another blockchain trial to design and create an electronic bill of lading which will significantly enhance the documentation process in supply chain management.The PIL-IBM collaboration was supported by Maritime and Port Authority of Singapore, Singapore Shipping Association, Infocomm Media Development Authority, Singapore Customs (National Trade Platform), and Bank of China…

27 Aug 2018

Pacific International Lines Names Southern Pearl

Photo: Pacific International Lines Pte Ltd

Singapore-based containership operator Pacific International Lines (PIL) said that a naming ceremony of Southern Pearl had taken place at Taizhou Kouan Shipyard in China. The vessel is the first to be owned by PIL’s subsidiary Pacific Direct Line (PDL), the company said.The naming ceremony was graced by PDL board of directors, together with the Godmother of Southern Pearl, Ms. Lucy Bladinières.The ceremony was a huge success and as part of the family, we are immensely proud to…

09 Aug 2018

Maersk, IBM Say 94 Organizations have Joined Blockchain Platform

(Photo: Maersk)

Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an

12 Jul 2018

PIL Receives MPA Safety@Sea Award for Search & Rescue

 Pacific International Lines

Pacific International Lines (PIL) is honoured to receive the MPA Safety@Sea Award for the outstanding contributions to the search and rescue efforts in 2017 during the International Safety@Sea Conference held in Singapore (21 June 2018). The Master and Crew of Kota Cempaka, Kota Hidayah and of Southern Lily did us proud by rendering assistance to the Search and Rescue efforts coordinated by Vessel Arezoo off Hong Kong, rendering assistance to RCC Guam for the Search and Rescue…

02 Apr 2018

PIL Founder Steps Down as Chairman

MD S. S Teo takesover as Chairman of PIL Photo courtesy PIL

The founded and Chairman of Pacific International Lines (PIL) Chang Yun Chung announced that he is stepping down and the current Managing Director SS Teo will take over from him. In a statement he said, "I wish to inform you that as part of PIL’s ongoing renewal and succession plan, I will step down as Chairman with effect from 1 April 2018. The Board has selected SS Teo, current Managing Director, to lead the Company in the role of Executive Chairman & Managing Director. "At the same time, I will also retire from the Board and relinquish all my board responsibilities.

29 Mar 2018

Pacific International Lines Appoints SS Teo as Executive Chairman

S S Teo. Photo: Pacific International Lines Pte Ltd

Chang Yun Chung, the founding chairman of family-owned Pacific International Lines (PIL), has handed over the baton to his son, Teo Siong Seng after 51 years at the helm of the largest Singapore-owned shipping line. "I wish to inform you that as part of PIL’s ongoing renewal and succession plan, I will step down as Chairman with effect from 1 April 2018. "At the same time, I will also retire from the Board and relinquish all my board responsibilities. However I will stay involved with the Company as Chairman Emeritus and will continue to advise the Board in certain strategic areas," he added.

30 Jan 2017

PIL Sign MOU with Guangzhou Nansha Development Zone

Photo Pacific International Lines

A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a shipping/logistics base in the Nansha New Area. The Nansha New Area is one of three development zones that comes together to form the China (Guangdong) Pilot Free-Trade Zone. Mr Zhang Benhua, Director General…

18 May 2017

Death Toll On The Rise at Chittagong Shipbreaking Yards

Photo Courtesy: NGO Shipbreaking Platform – Hanjin Rome beached in Chittagong, Bangladesh

Two workers lost their lives at the Chittagong shipbreaking yards in the last two weeks, bringing the total death toll this year to six workers, reports NGO Shipbreaking Platform. On 6 May, 26-year-old Shahinoor died at Jamuna Shipbreaking yard. He fell from a great height when he was breaking the Hanjin Rome, which was the first vessel arrested after the collapse of one of the largest container ship companies last year – the Korean company Hanjin Shipping. The Hanjin Rome was put up for auction by the High Court in Singapore to be sold to the highest bidder early this year.

07 Jun 2017

Singapore Inspires Start-ups in Maritime Sector

Center: Andrew Tan, Chief Executive of MPA and Dr Lam Pin Min, Senior Minister of State, Ministry of Transport and Ministry of Health with SPC 2017 partners . Photo:  Maritime and Port Authority of Singapore

The Maritime and Port Authority of Singapore (MPA) has launched the first Smart Port Challenge 2017 (SPC 2017) welcoming close to 190 registered participants from the technology, start-up and the venture capital (VC) community as part of MPA’s wider effort to develop innovation. The event was officiated by Dr Lam Pin Min, Senior Minister of State, Ministry of Transport and Ministry of Health. Building upon the last two Smart Port Hackathons driven by MPA in 2014 and 2015, SPC…

15 Aug 2017

PSA, PIL, IBM on Blockchain Development

Photo: Pacific International Lines Pte Ltd

Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations. The MOU was signed by Ms Lisa Teo, Executive Director (Corporate Development) of PIL; Mr Oh Bee Lock…

14 Sep 2016

Oakland Added to Transpacific Shipping Route

Photo: Oakland Seaport

A Transpacific shipping route linking Asia and the U.S. will add weekly Port of Oakland stops beginning in November. The Port said that  Oakland will become the sixth stop in the service operated by three Asian shipping lines. The service, known as the Calco-C, connects ports in Vietnam, China and California. It’s expected to bring an additional 50 vessel arrivals to Oakland annually. That could increase Oakland cargo volume by as much as 30,000 20-foot-containers a year. The Port handled the equivalent of 2.28 million 20-foot containers last year.

07 Feb 2018

Pacific International Lines Start Service in Far East - Red Sea Routes

Photo: Pacific International Lines

Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018, superseding the current three services RSS, RS3 and RS5. The route will be operated with a series of 17 x 11,000 to 14,000TEU vessels including its latest newbuilds, the 11,923TEU P Class in the service. The highly efficient and versatile P Class were purpose-built for Red Sea…

23 Feb 2018

PIL, PSA, IBM Conclude Successful Blockchain Trial on Chongqing-Singapore Route

Image:  Pacific International Lines Pte Ltd

Singapore’s Pacific International Lines (PIL), port operator PSA International, and technology giant IBM Singapore have concluded a successful blockchain trial, having signed a memorandum of understanding in August 2017. Following the signing of the MOU, the companies worked on a Proof Of Concept (POC) exercise, built on IBM Blockchain Platform, applying and then testing a blockchain-based supply chain platform to track and trace cargo movement from Chongqing to Singapore via the Southern Transport Corridor.

14 Mar 2018

Djibouti Says Its Container Port to Remain in State Hands

© homocosmicos / Adobe Stock

Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location is of strategic value to countries such as the United States, China, Japan and former colonial power France, all of whom have military bases there. Djibouti last month terminated the concession of Dubai's state-owned DP World to run the port…

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