After the liner shipping companies Wan Hai and Cosco, Pacific International Line (PIL) has also added to the ongoing wave of newbuilds.
The Singapore-based company has ordered a further five medium-sized container ships from Hudong Zhonghua in China. These are units with a capacity of 9,000 TEU each. They will have dual-fuel propulsion and be able to use gas (LNG) as fuel.
Brokers are quoting a price of US$140m per freighter. Delivery is scheduled for 2027 and 2028.
PIL massively expands its fleet
Alphaliner lists PIL at no. 12 in the ranking of the largest container shipping companies with a total capacity of 369,000 TEU. So far, 15 newbuildings with 161,000 TEU are in the order book, which already corresponds to 43.7% of the existing fleet.
The shipping company had to apply for creditor protection at the beginning of the coronavirus crisis in 2020, but has since recovered. Alongside Zim and Wan Hai, it is one of the very few larger liner shipping companies that is not part of any of the major alliances. Most recently, the carrier formed an alliance with Iris Lines. The rather small shipping company of the Royal Cargo Group operates from the Philippines and runs a fleet of three ships, each with a capacity of 1,100 TEU.
