Pendulum Express Lines charters its largest ship ever

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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