Pacific International Lines Explained

Pacific International Lines (PIL) is a Singaporean 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 101^[7] vessels (container vessels) with a capacity of more than 300,000 twenty-foot equivalent units (TEUs). PIL has also taken delivery of 12 vessels of 11,800 TEU. The company employs over 6900 staff globally, regularly serving about 500 ports in nearly 100 countries worldwide.^[8]

Container ship classes of Pacific International Lines^[9] !Ship class!Built!Capacity (TEU)!Ships in class!Notes

P-class	2015 onwards	11,923	4
O-class	2024 onwards	8350	4
E-class	2023 onwards	14,000	4
M-class	2012 onwards	3560	4
C-class	2010 onwards	6606	6
L-class	2007 onwards	4253	13
R-class	1997 onwards	777 - 943	11
K-class	2004	3081	3
S-class	2013 onwards	3889	12
G-class	2012	2754 - 2800	4
TBA	TBA	13,000[10]	5

See also

• List of largest container shipping companies

External links

• Official website

Notes and References

1. Web site: Our History & Milestones - PIL - Pacific International Lines . www.pilship.com.
2. Web site: Gilchrist . Karen . 2018-12-05 . At 100 years old, the world's oldest billionaire still goes to the office every day . 2020-07-17 . CNBC . en.
3. Web site: PublicTop100 . 5 June 2018 . Alphaliner.axsmarine.com.
4. Web site: PIL Takes Majority Stake in Mariana Express Lines . 5 June 2018 . Worldmaritimenews.com. 25 March 2015 .
5. Web site: Cosco Shipping Announces Chartering Agreement with PIL - Hellenic Shipping News Worldwide. 5 June 2018. Hellenicshippingnews.com.
6. Web site: PIL, PSA, IBM Conclude Blockchain Trial from Chongqing to Singapore. 5 June 2018. Worldmaritimenews.com. 23 February 2018 .
7. Web site: PIL Sustainability Report 2023 . PIL . 9 . Data covers all PIL headcount except Australia, Latin America, PILL Sudan and Cambodia..
8. Web site: 16 March 2017. PIL ready to move up to become 'B-division' player. 5 June 2018. Straitstimes.com.
9. Web site: PIL Fleet List .
10. Web site: PIL further renews fleet with order for five 13,000 TEU LNG Dual Fuel container vessels .