Singapore’s Pacific International Lines (PIL), which is privately owned, has been off the radar since May when it emerged that sovereign wealth fund Temasek had helped it out providing some vital funding to get through to 2020, keeping default risk at bay.

Now though, market sources say that PIL is still navigating choppy financial waters and is close to divesting peripheral assets, although negotiations are private and any sale is not closed yet. A few of my contacts agree that the carrier’s situation remains ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.