Pacific International Lines – 'debt re-profiling discussions and potential investment'

An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

By LoadstarEditorial

26/05/2020

Here is a press release issued by Singapore’s Pacific International Lines (PIL) today.

Heliconia Capital is a wholly owned subsidiary of Temasek which, as expected, came to the rescue joining a full capital restructuring that for PIL is necessary as “the persistent Covid-19 pandemic has caused the situation to worsen over the past month”.

Our full PIL coverage can be found here.

Comment on this article

You must be logged in to post a comment.

Topics

C-19 radar Pacific International Lines PIL Restructuring Nautical Shipping Sea Lead TS Lines Yang Ming Marine Transport

Most read news

Etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

The rise and rise of China's ecommerce platforms

Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban

Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

DSV chief reticent on Schenker: the focus on growing market share

Another strong month for US ports as container flows continue to rise

MSC redeploys 'Israel-linked' box ships away from Persian Gulf

Boxes piling into Mexican ports – but then piling up

Liners add capacity to Asia-ECSA as ocean rates hit 18-month high

K+N looks past Q1 revenue drop to improved margins from restructure

US intermodal picking up steam as trucking woes continue

Schenker, what Schenker? DSV boss talks up options – yes, Sir!

No summer siesta for airfreight

Air Canada Cargo adds freighter service to Chicago

Plateauing Kuehne + Nagel still rules but isn't liked very much