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SS Teo to succeed father at helm of PIL

Founding chairman of biggest Singaporean-owned shipping line handing over at challenging time

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Published Thu, Mar 29, 2018 · 09:50 PM

    Singapore

    THE founding chairman of family-owned Pacific International Lines (PIL), Chang Yun Chung, is handing the baton to his son, Teo Siong Seng after 51 years at the helm of the largest Singapore-owned shipping line.

    The leadership succession - which comes just months before Mr Chang turns 100 this August - takes place at a time when the box ship industry is facing renewed pressure on freight rates.

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