The Southeast Asia region is poised for strong economic growth over the next few decades and container shipping can expect to benefit from increased volume demand, according to SS Teo, managing director of Pacific International Lines (PIL).
China Shipbuilding Industry Company (CSIC) says that engineering repair, conversion and recycling units Dalian Shipbuilding Industry Marine Services and DSIC Steel Engineering Co are facing bankruptcy.
Singapore container line Pacific International Lines (PIL) is withdrawing from the Asia – Europe trade from April.
At 100-years old Pacific International Lines (PIL) founder and billionaire businessman YC Chang still remains very active in the company coming to the office every day.