SS Teo wants to keep the "street fighter" spirit in PIL
His family-run shipping line has stayed "alliance neutral" and yet managed to emerge as the 9th largest in capacity.
Add BT as a preferred source
TEO Siong Seng, or SS Teo, as he is known in shipping circles, describes Pacific International Lines (PIL), the business he inherits, as "a street fighter".
The box ship industry has seen massive consolidation with larger shipping lines gobbling up their smaller rivals and forming vessel-sharing alliances with one another.
But PIL, Singapore's largest private-owned container shipping line, has stayed "alliance neutral" and yet managed to emerge as the 9th largest in capacity.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
