Newbuildings delivering by 2018 are set to move Pacific International Lines (PIL) up a league according to managing director Teo Siong Seng.
The home grown Singapore container line is set to add 12 new ships over the next 18 months which will lift the shipowner into the 500,000-teu club.
Teo, seen by many as the farther figure of modern day Singapore shipping, said the new vessels will position the company as a “B division” player in the sector.
“We
