Comment / On the wires: PIL retreats. Did they jump or were they pushed?

“As part of Pacific International Lines’ (PIL) continuous effort to optimise its network efficiency, the company will be withdrawing its services from the Transpacific market. As a result of this service re-alignment, PIL’s last Transpacific sailing will be in March 2020.” – Pacific International Lines, 14 February 2020.

In one of those rare releases we have enjoyed from cash-strapped PIL in recent times, the company also informed us that it “has taken this decision as part of a wider strategic review of ...