PIL’s Newest Boxship Named in China
- Business & Finance
A subsidiary of Singapore’s containership operator Pacific International Lines (PIL) has named its newest boxship newbuilding in China.
As informed, the naming ceremony for Southern Pearl (TK1301) took place at Taizhou Kouan Shipbuilding yard in China on August 14.
The 600 TEU feeder vessel is the first to be owned by PIL’s subsidiary Pacific Direct Line (PDL), the company said.
Ordered in 2016, the Federmax has a length of 110 meters and a width of 22.3 meters. Currently, the ship has a market value of USD 14.5 million, according to PIL.
Southern Pearl will be delivered to PDL in September and will ply the South Pacific island trade.
PDL provides liner shipping services from New Zealand and Australia to the Pacific Islands and feeder services for international airline operators.
In 2006, 51% of PDL’s business was acquired by Pacific International Lines (PIL). PDL is currently in the process of upgrading and expanding its fleet to meet container transshipment needs to the South Pacific.