Pacific International Lines (PIL) is withdrawing from the transpacific market to focus on the north-south trade
A statement said “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.”
As a result of this service re-alignment, PIL’s last transpacific sailing will be in March 2020.
The company said it has “taken this decision as part of a wider strategic review of its business”. PIL said it will focus on further strengthening its position in the north-south trade such as Africa, Middle East, Red Sea, India sub-continent, Latin America and Oceania.
PIL is one of the world’s top 10 container ship operators and is the largest shipowner in southeast Asia. PIL owns and operates a fleet of around 150 container ships, bulkers and multi-purpose vessels, serving more than 500 locations in over 90 countries worldwide.