At a time when, as you may know, the world’s container shipping leader AP Møller-Mærsk (APMM) is going for targeted job cuts domestically and overseas while its smaller rival Hapag-Lloyd is rumoured to have announced 150 staff would go at its headquarters in Hamburg, it is no secret that Singapore’s Pacific International Lines (PIL) is financially strained.
And now many wonder what could be next for the carrier, one of the …

The post M&A radar: If PIL worsens, Temasek will bail it out and flip to CMA CGM appeared first on The Loadstar.

Source: The Loadstar