Temasek sold off NOL, so why save PIL?
Singapore
TEMASEK Holdings decided against taking a long-term view with former flag carrier Neptune Orient Lines (NOL) five years ago. Why is it answering Pacific International Lines' (PIL) call for help now?
The outlook for container shipping is as bleak as ever. Big, slow vessels that carry cargo from port to port while offering little in the way of differentiation have rewarded the average liner with returns that lag its cost of capital.
