Liner operator Pacific International Lines (PIL) is said to have ended a seven-year order drought with a deal for up to four neo-panamax container ships at Chinese state-owned Jiangnan Shipyard worth about $640m.
And shipbuilding sources said the reborn Singaporean outfit is set to turn its attention to contracting midsize newbuildings once it completed the neo-panamax order.
PIL last ordered newbuildings in 2015, when it contracted Yangzijiang Shipbuilding to build 12 vessels of 11,900 teu at a cost of more than $100m per ship.
