Pacific International Lines (PIL), TS Lines, Yang Ming and Sea Land Shipping are launching a new service between China and Australia.

The booming container shipping market came too late save Pacific International Lines (PIL) from restructuring, but is enabling repay scheme debts to the tune of $1bn ahead of schedule.

Pacific International Lines (PIL) Goldstar Lines, and Orient Overseas Container Line (OOCL) are launching a new service connecting Chinese ports with Singapore and Malaysia.

Former NOL/APL CEO Lars Kastrup and Heliconia Capital Management director Gan Chee Yen, have been appointed to top management positions at Pacific International Lines (PIL) following its rescue by the Temasek Holdings unit.

Pacific International Lines (PIL) has completed its restructuring with a $600m investment into the Singapore container line which hit severe financial troubles early last year.

Financially strapped container line Pacific International Lines (PIL) creditors have voted in favour of the company’s debt restructuring plan.

The port of Ningbo-Zhoushan port has new connection to West Africa with a service by Pacific International Lines (PIL).

Pacific International Lines (PIL) has announced to the Singapore Exchange (SGX) that it will not make payment on the SGD60m ($44.6m) notes that was due Monday.

Singapore’s Temasek Holdings' Heliconia Capital Management is set for $600m rescue package to Pacific International Lines (PIL) with the container line warning of liquidation if creditors do not back the plan.

Singapore’s Pacific International Lines (PIL) announced on Monday that it is looking to start a scheme of arrangement process to be proposed to its creditors.