PIL says insolvency rumors are "totally false"

Liner shipping company PIL denies rumors of bankruptcy and urges the public to not participate in spreading "such fake news and misinformation" during the coronavirus pandemic.

Photo: PR / PIL

Reports of container shipping company Pacific International Lines (PIL) approaching insolvency are incorrect, the container line writes in a statement and urges the public to not participate in spreading "such fake news and misinformation".

"Recently, there have been rumors circulating on social media, making false claims about a potential bankruptcy of Pacific International Lines. PIL would like to clarify that these rumors are totally false and the information and content derived therefrom are unfounded," the company writes the press release.

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