Singaporean shipping line to focus on other regions
Singapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to optimize the company’s network efficiency”.
As a result of this service realignment, PIL’s last Transpacific sailing will be in March 2020.
“The company has taken this decision as part of a wider strategic review of its business,” PIL said in a statement.
“Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.”
PIL is one of the top ten containership operators in the world. The company owns and operates a fleet of around 150 containerships, bulkers and multipurpose vessels.