New vessels join PIL fleet amid recovery in box ship industry
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
