AsiaContainersDry Cargo

PIL adds to bulker fleet with MOL capesize acquisition

Photo of Sam Chambers Sam ChambersJuly 11, 2016
1 138 Less than a minute

Pacific International Lines (PIL), controlled by the Teo family, has dipped into the dry bulk sector to take advantage of low prices and mix its revenue base from its strong container focus.

Clarksons Research is reporting PIL has splashed out $13.75m for the Sea Pull capesize. The 2006 Japanese built bulker had been part of the Mitsui OSK Lines (MOL) fleet. The ship’s next survey is due soon.

Tags
Photo of Sam Chambers Sam ChambersJuly 11, 2016
1 138 Less than a minute
Photo of Sam Chambers

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.

Comments

Back to top button