Search results for: PIL

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  • 14 February 2020
    Business & Finance

    PIL is to withdraw its services from the Transpacific market to optimize network efficiency.

  • 27 August 2018
    Business & Finance

    Pacific International Lines’ subsidiary names its newest boxship newbuilding in China.

  • 27 May 2014
    Business & Finance, Operations & Maintenance

    Faroe Petroleum, has announced the completion of a successful initial side-track appraisal well on the Pil oil and gas discovery (Faroe 25%) in the Norwegian Sea. The Pil side-track well (6406/12-3 B), to appraise for additional hydrocarbons along the Pil structure and down-dip from the initial discovery well, has reached a total depth of 3,996 […]

  • 27 May 2014

    Faroe Petroleum has announced the completion of a successful initial side‐track appraisal well on the Pil oil and gas discovery (Faroe 25%) in the Norwegian Sea. The Pil side‐track well (6406/12‐3 B), to appraise for additional hydrocarbons along the Pil structure and down‐dip from the initial discovery well, has reached a total depth of 3,996 […]

  • 27 March 2015
    Business & Finance

    Containership operator Pacific International Lines (PIL) has teamed up with COSCON, Wan Hai and Yangming on a new joint service in the Far East – Middle East trade commencing from Pusan on 5 April 2015. The new service, named CM2, will be PIL’s second Far East-Middle East loop with a total of 6 vessels of […]

  • 6 December 2013
    Business & Finance

    APM Terminals Apapa hosted a reception today in honor of Pacific International Lines (PIL) which this week surpassed the milestone of one million TEUs handled through the APM Terminals Global Terminal Network for the year. Based in Singapore, PIL operates globally with a fleet of 191 vessels representing a total capacity of 373,000 TEUs, currently […]

  • 5 March 2020
    Business & Finance

    Wan Hai Lines has acquired two containerships from PIL.

  • 6 March 2017
    Operations & Maintenance, Project & Tenders

    Aker Solutions has secured a front-end engineering and design (FEED) contract from VNG Norge for the Pil & Bue development in the Norwegian Sea. The FEED is for the subsea production system that will be used in a tieback of Pil & Bue to the Njord A platform. It will compete against a design from […]

  • 14 April 2020
    Business & Finance

    Singapore’s container shipping company Pacific International Lines (PIL) has issued a statement to quash the bankruptcy rumours circulating on social media dubbing them as fake news. “PIL reserves the right to pursue legal actions against those who generate and spread these defamatory rumours during this COVID-19 pandemic period and related false information after this statement,” the […]

  • 9 October 2018
    Business & Finance

    The Kota Pekarang is PIL’s first vessel to call the harbor since 2014.

  • 27 May 2020
    Business & Finance

    Singapore-listed Pacific International Lines (PIL) has launched talks with its lenders on a debt re-profiling plan aimed at mitigating the financial strain on the company’s operations severely impacted by the COVID-19 pandemic. The company has been on a cost-cutting mission for a while now, having announced several vessel sales and rationalizations of service offerings. However, […]

  • 2 May 2013
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. (MOL) and Pacific International Lines (Pte) Ltd. (PIL) today jointly announced their new Indian Ocean Island Express Service (“IOX”/“IOI”) departing Singapore on June 7, 2013. IOX/IOI is a weekly service jointly operated by MOL and PIL, and each will provide 2 ships of 1100 teu effective capacity. MOL and PIL will […]

  • 25 March 2015
    Business & Finance

    South East Asian containership operator Pacific International Lines (PIL) and Luen Thai Group have taken ownership of Singapore’s Mariana Express Lines (MELL). Under the deal, PIL has assumed majority shareholding. MELL will continue to operate under its own brand and regular business operations will not be affected by the change in ownership, the company said. […]

  • 6 December 2013

    APM Terminals Apapa hosted a reception today in honor of Pacific International Lines (PIL) which this week surpassed the milestone of one million TEUs handled through the APM Terminals Global Terminal Network for the year. Based in Singapore, PIL operates globally with a fleet of 191 vessels representing a total capacity of 373,000 TEUs, currently […]

  • 11 July 2014

    Rocksource ASA has announced another oil discovery with the success of the Bue exploration well, in the Norwegian Sea. This marks the third successful well on the PL 586 licence following the VNG-operated Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil and Bue combined have reserves of 95-175 mmboe. The […]

  • 17 February 2017
    Operations & Maintenance

    VNG Norge informed that the front end engineering and design (FEED) studies have been initiated for the Pil & Bue project. The partners in the licence PL586, where Pil & Bue are located, plan to pass the final investment decision for the discoveries by the end of the year. “The decision demonstrates the ability to move the Pil […]

  • 23 August 2016
    Business & Finance

    Singapore-incorporated shipping company Pacific International Lines (PIL) has inked two Memoranda of Understanding (MOU) with the port operator China Merchant Port Holdings (CMPort) and the engineering and trade company China Machinery Engineering Corporation (CMEC), as part of the One Belt One Road initiative. The strategic alliance between the three companies is expected to boost business development […]

  • 15 October 2018
    Business & Finance

    Pacific International Lines (PIL) has ceased acceptance of cargoes in and out of Iran.

  • 11 July 2014
    Business & Finance, Operations & Maintenance

    Rocksource ASA has discovered oil in the Bue exploration well. This marks the third successful well on the PL 586 licence following the Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil and Bue combined have reserves of 95-175 mmboe. The unrisked prospectivity remaining in the rest of the licence is estimated […]

  • 27 January 2017
    Business & Finance

    Singapore-incorporated shipping company Pacific International Lines (PIL) has signed a memorandum of understanding (MOU) with China Guangzhou Nansha Development Zone to explore business opportunities and the development of a shipping/logistics base in the Nansha New Area.   The MOU also aims at increasing trade cooperation and deepening business ties between PIL and the development zone, […]

  • 17 February 2017
    Project & Tenders

    VNG Norge has moved forward with its Pil & Bue project development, located in license PL586 in the Norwegian Sea, as it started the project’s FEED-studies with plans to pass the FID by the end of the year.  The partners in the VNG-operated PL 586 license are Spike Exploration, Faroe Petroleum, and Pure E&P Norway with 35%, 25%, and […]

  • 7 November 2017
    Business & Finance

    Singapore’s containership operator Pacific International Lines (PIL) Group has taken delivery of two new 11,800 TEU containerships. The two vessels form part of a batch comprising twelve 11,8000 TEU boxships ordered by PIL from Yangzijiang Shipbuilding (Holdings) Ltd. The newbuilding duo has been built at the group’s Suzhou shipyard. The two ships have been christened Kota Pahlawan and Kota […]