The shipping magnate’s passing comes two years after he stepped down from the board of PIL and his son Teo Siong Seng, or SS Teo, took over.
Chang had celebrated his 102nd birthday on 27 August. He is survived by eight sons and six daughters.
Chang founded Singapore-headquartered PIL in 1967 with four coastal-geared cargo ships. Today, PIL has more than 100 vessels including containers, dry bulk carriers and multi-purpose vessels, serving about 500 ports in nearly 100 countries globally.
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