PIL presents major 2021 profit after years of deficits

Container carrier Pacific International Lines benefits from the extraordinary freight market, presenting a large profit for 2021 against a deficit the year before, according to Singapore media Business Times.

Photo: PR / Pacific International Lines

Singapore-based carrier Pacific International Lines (PIL) has struggled with deficits since 2018, but the extreme freight market with record-high rates has now turned the negative trend around.

According to Singaporean media Business Times, PIL has made a loss of USD 44.7m in 2020 into a profit of no less than USD 2.5bn in 2021.

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