Pacific International Lines

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Pacific International Lines
IndustryTransport
FoundedMarch 16, 1967; 54 years ago (March 16, 1967)
HeadquartersSingapore
Number of employees
18,000
Websitepilship.com

Pacific International Lines (PIL) is a shipping company incorporated in Singapore on 16 March 1967.[1] It was founded by Singaporean entrepreneur Chang Yun Chung, who was the world's oldest billionaire[2] 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.[3]

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.[4]

In June 2017, PIL and COSCO entered into a mutual chartering agreement, to supply and exchange vessels during shipping demand peak times.[5]

In February 2018, as forerunner in IT improvements, PIL has implemented a blockchain supply platform to share established data with DP World - Port of Singapore via IBM systems.[6]

Fleet[]

PIL has a fleet of around 95[7] vessels (container, dry bulk, multi-purpose vessels) with a capacity of more than 400,000 twenty-foot equivalent units (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.[8]

Container ship classes of Pacific International Lines
Ship class Built Capacity (TEU) Ships in class Notes
P-class 2021–onwards 11,923 12

See also[]

References[]

  1. ^ "Our History & Milestones - PIL - Pacific International Lines". www.pilship.com.
  2. ^ Gilchrist, Karen (2018-12-05). "At 100 years old, the world's oldest billionaire still goes to the office every day". CNBC. Retrieved 2020-07-17.
  3. ^ "PublicTop100". Alphaliner.axsmarine.com. Retrieved 5 June 2018.
  4. ^ "PIL Takes Majority Stake in Mariana Express Lines". Worldmaritimenews.com. Retrieved 5 June 2018.
  5. ^ "Cosco Shipping Announces Chartering Agreement with PIL - Hellenic Shipping News Worldwide". Hellenicshippingnews.com. Retrieved 5 June 2018.
  6. ^ "PIL, PSA, IBM Conclude Blockchain Trial from Chongqing to Singapore". Worldmaritimenews.com. Retrieved 5 June 2018.
  7. ^ "PIL's number of ships 2020". Statista.
  8. ^ "PIL ready to move up to become 'B-division' player". Straitstimes.com. 16 March 2017. Retrieved 5 June 2018.

External links[]

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