PIL founder dies, aged 102

Chang Yun Chung, the 102-year-old founder of Pacific International Lines (PIL), passed away peacefully at home in Singapore on Friday morning.

The chairman emeritus of the company that is now run by his son, Teo Siong Seng, founded PIL in 1967.

“With his vision and energy, he turned a small coastal operator with only two ships into the company we are so proud of today. His tremendous wisdom and steady hands were born of struggle in his youth,” SS Teo stated in a note to employees.

Chang was a rags-to-riches billionaire: he reportedly spent one year in prison as a Chinese refugee in what was then Malaya for supplying food and medicine to resistance fighters.

Chang grew PIL to become one of the largest shipping lines in Southeast Asia, creating plenty of other interests too, not least the container manufacturer, Singamas.

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.
Back to top button