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Containers Sale and Purchase Singapore

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

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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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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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