Singapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to optimize the company’s network efficiency”.

As a result of this service realignment, PIL’s last Transpacific sailing will be in March 2020.

“The company has taken this decision as part of a wider strategic review of its business,” PIL said in a statement.

“Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.”

PIL is one of the top ten containership operators in the world. The company owns and operates a fleet of around 150 containerships, bulkers and multipurpose vessels.


Read more:

PIL Trials Delivery Using IBM Blockchain Platform

PIL Terminates Vessel Calls to Iran due to US Sanctions

Related News

Our Services

Latest News

Vietcombank Rates

Currency Buy Transfer Sell
AUD
AUST.DOLLAR
15,386.41 15,541.83 16,131.86
EUR
EURO
24,960.98 25,213.11 26,533.06
GBP
BRITISH POUND
29,534.14 29,832.46 30,656.90
HKD
HONGKONG DOLLAR
2,906.04 2,935.39 3,028.60
JPY
JAPANESE YEN
202.02 204.06 214.74
RUB
RUSSIAN RUBLE
0.00 369.73 418.79
SGD
SINGAPORE DOLLAR
16,755.29 16,924.54 17,427.08
USD
US DOLLAR
23,075.00 23,105.00 23,245.00