Alphaliner has reignited the market chatter on the future of Singapore’s niche carrier, PIL, after the line’s 41%-owned subsidiary, Singamas, announced the sale of its three largest container manufacturing factories in China to Cosco.
The privately owned carrier is the only remaining unencumbered mid-scale acquisition candidate among the top 15 container lines, given Yang Ming, HMM and Zim’s government links.
Alphaliner believes the share of the $565m proceeds from the Cosco purchase …

The post Cosco may have PIL in its sights after purchasing box factories from Singamas appeared first on The Loadstar.

Source: The Loadstar