Singapore - The shipping company Pacific International Line, PIL, one of the last independent liner shipping companies, is withdrawing from the Pacific shipping area
As part of PIL "continuous effort to optimize its network efficiency", writes the shipowner in a note, the company will be withdrawing its services from the Transpacific market.
As a result of this service re-alignment, PIL’s last Transpacific sailing will be in March 2020.
The Company has taken this decision as "part of a wider strategic review of its business". Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.
PIL is in the world’s top 10 containership operators and is the largest shipowner in Southeast Asia. PIL owns and operates a fleet of around 150 containerships, bulkers and multi-purpose vessels, serving more than 500 locations in over 90 countries worldwide.