ShippingWatch

Family-owned PIL could be next acquisition candidate

Analyst firm Alphaliner points to Singapore-based Pacific International Lines (PIL) as the most obvious acquisition candidate among the four carriers currently not part of the major alliances in the container market. However, the owning family told ShippingWatch in May that a sale was not in the cards.

Photo: Pacific International Lines

Family-owned carrier Pacific International Lines (PIL) could be the next candidate in the acquisition spree currently enveloping the container market, projects Alphaliner.

Within the past year, United Arab Shipping Company, Hamburg Süd, and OOCL have all been taken over by bigger carriers, and the pool of clear-cut acquisition candidates is now starting to narrow.

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