Pacific International Lines held an informal meeting with its creditors during which it said that:
– 2018 – 2020 have been challenging years for the container shipping industry, with the downturn further exacerbated by the prolonged impact of the COVID-19 pandemic;
– PIL is grateful for the support of its stakeholders, including Noteholders, during these challenging times, while it works with its advisors on normalising its financial situation;
– During this period, PIL …
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Source: The Loadstar