PIL exiting the Asia - Europe trade

Singapore container line Pacific International Lines (PIL) is withdrawing from the Asia – Europe trade from April.

According to analyst Alphaliner PIL will stop serving the Asia – Europe trade after 15 years. It currently serves the trade via slots with Cosco on the Ocean Alliance NUE3/AEU3 service and the last sailing with PIL cargo will be 7 April departing Ningbo and arriving Antwerp on 10 May.

The move by PIL will have no impact on capacity on the Asia – Europe trade with Cosco expected to take back the roughly 500 teu per week sold by PIL, Alphaliner said.

newsletter

PIL first entered the Asia – Europe trade in 2004 with Wan Hai in a joint service. Since June 2011 PIL has served the trade through a slot share Cosco.

Posted 20 February 2019

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Marcus Hand

Editor, Seatrade Maritime News

SAA 300x600 banner extended