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New vessels join PIL fleet amid recovery in box ship industry

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Published Sun, Oct 29, 2017 · 09:50 PM
    Newbuilds lend weight

    Singapore

    THE timing could not be more perfect for Singapore's largest box ship owner-operator, Pacific International Lines (PIL). The delivery of the largest ships to go on its fleet in the next 18 months comes just when box trade is recovering from a multi-year trough.

    Drewry Shipping Consultants projected that the box ship industry will wrap up 2017 with US$1.5 billion in operating profit, a reversal from the previous year's deficit.

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