Premium / On the wires: Is PIL drowning or waving? Ask CMA CGM or Cosco in 2021

first_img Please either REGISTER or login below to continue New Premium subscriber REGISTER Please Login By Alessandro Pasetti 17/11/2020 Email* LOGIN Forgotten your password? Please click here Email* Reset Your Password Password* Premium subscriber LOGIN << Go back Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium “The company has determined that it is not commercially feasible for it to make payment(s) (comprising of principal and interest payable) under the S$60,000,000 [U$44.5m] 8.5% Fixed Rate Notes due 2020 (…) issued by the company and due today, 16 November 2020.” – Pacific International Lines, 16 November 2020. Here’s a quick update about Singapore’s Pacific International Lines (PIL), which immediately brings memories of takeover talk over the past two years. And, regardless of the deep financial trouble it is in, PIL ... Resetlast_img read more