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PIL quits the transpacific

Under pressure Pacific International Lines’ (PIL) is withdrawing its services from the transpacific market. The Singapore line’s last transpacific sailing will be next month. The decision comes as part of a wider strategic review at the SS Teo-led company which will see PIL, the world’s ninth largest liner, focus on strengthening its position in the North-South trades such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.

PIL’s financial health has been repeatedly questioned in recent months. In December, one of its boxships was detained in Durban, with a spokesman at the time saying the detention was the result of  “a misunderstanding which was quickly clarified and resolved”.

PIL, with 392,000 slots in its box fleet, is the largest containerline not signed up to any of the big three global liner alliances.

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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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