PIL sells more assets to shore up liquidity
Singapore-based carrier agrees to sell six of its modern 12,000 teu fleet with Chinese leasing companies as the main owners. It is also said to have disposed of a feeder subsidiary on the South Pacific islands trade
Lloyd’s List understands that the lessors will cease to be classed as owners after the deal completes, which suggests PIL will need to pay off the financers’ loans before the sale completes
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