Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy.
The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements.
PIL’s last Transpacific sailing will be in March 2020.
The company said it has taken the 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 one of the world’s top 10 container ship operators and is the largest shipowner in Southeast Asia. It owns and operates a fleet of around 150 container ships, bulkers and multi-purpose vessels, serving more than 500 locations in over 90 countries worldwide.
PIL was incorporated in Singapore in 1967, foundered by the Chinese entrepreneur Chang Yun Chung.
