Teo, md of Pacific International Lines (PIL), was asked at Marine Money Asia if there was anything he would change in his career at the 50 year-old family owned shipowner.
Teo only cited two things that he regretted doing. The first was ordering ships 10 years ago when newbuilding prices were at their peak and the other was bunker hedging.
“I lost about $160m in 2015 and 2016 from hedging bunkers,” he revealed.
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