News / 'We need more box ships' – PIL joins industry-wide chase for tonnage

PIL

Revived Singapore-based liner operator Pacific International Lines (PIL) has joined the industry-wide chase for tonnage.

Sources at Chinese shipyards Shanghai Waigaoqiao Shipbuilding and Yangzijiang Shipbuilding told The Loadstar PIL had enquired about building at least six 8,000 teu containerships, probably for delivery in 2024 to early 2025.

On 7 March, PIL ordered four 14,000 teu ships at Jiangnan Shipyard, for delivery in those dates, and appears to be rebuilding its fleet after selling several ships during a major deleveraging exercise between 2019 and ...