Singapore-headquartered container carrier Pacific International Lines (PIL) is to quit the transpacific trades.
“As part of Pacific International Lines’ (PIL) continuous effort to optimise its network efficiency, the company will be withdrawing its services from the transpacific market,” it said this morning.
It said PIL’s last transpacific sailing would be next month.
“The company has taken this decision as part of a wider strategic review of its business. Henceforth, PIL will focus on …
The...