Splash Extra

May 2020 Review

State aid in the form of loans and guarantees started funnelling through to hard-pressed shipping lines in South Korea, France, China and Taiwan as the industry braced for the full toll of a recession. The billions of dollars offered by governments determined to protect their flagships brought predictable consternation from certain quarters, principally Denmark.

Under intense financial pressure for the past couple of years, Singapore’s Pacific International Lines (PIL) revealed yesterday...

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