Big shift by PIL in March
Pacific International Lines’ (PIL) is shifting its regional focus. The shipping company, which was founded in 1967, will withdraw its services from the Transpacific market. As a result of this service re-alignment, PIL’s last Transpacific sailing will be in March 2020. The company took this decision as part of a wider strategic review of its business.
Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East/Red Sea, the Indian Sub-Continent, Latin America, and Oceania. PIL has its origins in the newly independent Singapore in the 1960s.
Founded by Chang Yun Chung and ten assembled shareholders, the company initially operated just two vessels – former Dutch ships, then re-named the ‘Kota Singa’ and ‘Kota Naga’. Today, PIL owns and operates a fleet of around 150 containerships, bulkers and multi-purpose vessels, serving about 500 locations in over 90 countries worldwide. (mw)