Pendulum Express Lines (PEL) has taken in its biggest ship ever. The Singapore liner operator has chartered the 4,178 teu Amalthea for a three to four month charter at $7,100 per day, according to Alphaliner.
Prior to this charter, PEL tended to focus on fixing ships in the 1,000 teu range.
PEL took the decision to take the Amalthea from Peter Dohle on the back of signing up for a new China-West India service, recently launched in partnership with CMA CGM, HMM, KMTC and Shipping Corporation of India, with PEL contributing one of the six classic panamax vessels.
PEL was set up in Singapore in 2001 by Jimmy Koh, a former APL executive.