Singapore’s Pacific International Lines (PIL) has named shipping veteran Lars Kastrup as the company’s new chief executive officer.

With more than 30 years in shipping, Kastrup was brought in 2020 by the firm’s new major shareholder Heliconia Capital Management — a subsidiary of state-owned investment company Temasek — as a co-senior advisor.

Kastrup was previously chief executive of APL before it was taken over by France’s CMA CGM in 2019.

Prior to that, he was executive vice president of assets at CMA CGM and has also worked with AP Moller-Maersk.