Pacific International Lines (PIL) is a

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is ...

incorporated in Singapore on 16 March 1967. It was founded by Singaporean entrepreneur Chang Yun Chung, who was the world's oldest billionaire until he died at 102 in September 2020.

History

When the company was founded in March 1967, the company originally operated just two ships, but constantly expanded to finally celebrate its first 50 years of history in 2017, and ranking within the first 10 largest container shipping lines. In March 2015, PIL partially took over the ownership of Singapore's Mariana Express Lines (MELL). According to the deal, PIL assumed the majority shareholding. MELL has continued to operate under its own brand and pre-existing business, as agreed internally at the time of the purchase. In June 2017, PIL and

COSCO China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier compan ...

entered into a mutual chartering agreement, to supply and exchange vessels during shipping demand peak times. In February 2018, as forerunner in IT improvements, PIL has implemented a

blockchain A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a ...

supply platform to share established data with

DP World DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Auth ...

Port of Singapore The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade and handles Singapore's harbours and shipping. It has been ranked as the top maritime capital of the world since 2015. Currently the world's se ...

via IBM systems.

Fleet

PIL has a fleet of around 95 vessels (container, dry bulk, multi-purpose vessels) with a capacity of more than 400,000

twenty-foot equivalent unit The twenty-foot equivalent unit (abbreviated TEU or teu) is an inexact unit of cargo capacity, often used for container ships and container ports.Rowlett, 2004. It is based on the volume of a intermodal container, a standard-sized metal box whic ...

s (TEUs). PIL has also taken delivery of 12 vessels of 11,800 TEU. The company employs over 18,000 staff globally, regularly serving about 500 ports in nearly 100 countries worldwide.

References

External links

Official website
1967 establishments in Singapore Transport companies established in 1967 Shipping companies of Singapore Container shipping companies Singaporean brands {{Transport-company-stub

History

Fleet

See also

References

External links