It has been a couple of years now since Singapore-based Pacific International Lines (PIL) was first rumoured to be a takeover target for China’s Cosco Shipping Holdings, but as M&A talk has returned with a vengeance, one obvious question – whether or not a deal is around the corner – is how much PIL could be worth if it ever opted for a change of ownership, bowing to its most likely suitor.

While I remain mildly bullish on the prospects of the container ...

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