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Neptune Pacific Line acquires Pacific Direct Line from PIL

Neptune Pacific Line (NPL) has acquired Pacific Direct Line (PDL) from its parent Pacific International Lines (PIL).

The specialist in the Pacific islands trades has been owned by Singapore-headquartered line PIL since 2006. NPL is headquartered in Sydney, Australia, and part of the Wonderful Group in California, and was founded in 1997 serving the trade between Australia/New Zealand and Fiji.

“This purchase supports our long-term vision of creating the strongest and best regional network of shipping and logistics services in the Pacific Islands,” said Rolf Rasmussen, managing director of Neptune.

“By acquiring PDL, we can further develop our mainline shipping network to provide fixed-day services and increase the utilization of our combined fleet, enabling us to continue to offer competitive freight rates. PDL’s extensive logistics network will allow us to support our customers across their entire supply chain needs."

PIL faces increasing financial pressure and has recently two of the largest containerships in its fleet to rival and partner Wan Hai Lines.

“Our group strives to optimise our resources and to review our overall business approach for new business opportunities,” said SS Teo, executive chairman and managing director of PIL.

“The divestment of PDL is part of our strategic move that enables PIL to focus its resources on growing in the key liner markets that it operates in Asia, the Middle East, Africa and South America. We will continue to improve our liner services between Asia and Oceania including the South Pacific Islands.”

 

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