Singapore’s Pacific International Lines (PIL) is said to have received loans from Heliconia Capital Management, an arm of Singapore state-backed investment company Temasek Holdings.
Market sources said Heliconia has given “a few hundred million” dollars to the financially troubled containership company, with one financial source suggesting the amount to be around $400m.
Sources said the loan is in addition to a planned investment in PIL that would make Heliconia a significant shareholder, as TradeWinds has previously reported.
