Container

PIL continues to sell off assets

In recent weeks, container shipping line PIL has sold several ships in an effort to raise cash for operations, reports Alphaliner. The shipping company is also preparing an exit from routes in the Pacific.
Photo: PR / Pacific International Lines
Photo: PR / Pacific International Lines
by KATRINE GRØNVALD RAUN

Container shipping line PIL sells off ships in an effort to raise cash for its operations, writes Alphaliner. This includes two ships of 11,923 teu, which the company has sold to another Singapore-based shipping company, Wan Hai Lines, for a total of USD 186.8 million.

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