PIL has confirmed an order for 4 new ships of 14,400 teu at Jiangnan Shipyard Group on 4 March 2022, its first new ship order since 2015. The 4 ships will be quipped with dual-fuel engines to run on both LNG and low sulphur fuel oil and will be delivered from the 2nd half of 2024 to 1st half 2025. PIL's last ship order was made in 2015 when it ordered 12 ships of 11,923 teu at Yangzijiang. They sold 8 of these ships in 2020 due to financial difficulties, but it has since recovered from its de
PIL has announced that it will cease to use the Advance Container Line (ACL) brand name from 15 March 2022. ACL was established in 1995 by PIL to provide container feeder services in Southeast Asia and Indian sub-continent. These services were provided in conjunction with various partners including Samudera, HR Lines, GSL, COSCO, OOCL, MTT Shipping, ONE, Evergreen and CNC. Apart from PIL's own feeder cargoes, ACL also provided feeder services to other Main Line Operators (MLOs). All of its e
PIL, TS Lines, Yang Ming and SeaLead Shipping will jointly launch a new service connecting China and Australia that will connect Qingdao, Shanghai, Nansha, Shekou, Sydney, Melbourne, Brisbane, Qingdao. The service is branded as the Sino Australia Express (SAE) by PIL and China-Australia 2 (CA2) by Yang Ming. The service will turn in 6 weeks using 6 ships of 2,693 teu to 4,992 teu with an average capacity of 3,900 teu, with the first sailing scheduled from Qingdao on 10 March 2022 with the 4,253
Terms on the bailout still being discussed