Asia
Teo heading back to Dalian
Dalian: Once again SS Teo, the boss of Singapore’s Pacific International Lines (PIL), is being linked with orders in his preferred yard, Dalian Shipbuilding Industry Co (DSIC). PIL is thought to be prepared to spend up to $43m per unit for four 3,800 teu ships due for delivery in 2015. This quartet follows on from four wide-beam 3,800 teu ships the Singaporean owner ordered in August at DSIC. [26/11/12]