Successful debt restructuring saves PIL from becoming ‘the next Hanjin’

The booming liner sector and a surge in the value of Pacific International Lines’ 73 containerships appears to have been a major factor in the success of yesterday’s debt restructuring plan.
According to vesselsvalue.com, the 73 vessels are now worth $1.4bn – the value of its 21 post-panamax ships alone increased by around $100m last month.
One source with an insight into the restructuring negotiations of the carrier told The Loadstar the strong …

The post Successful debt restructuring saves PIL from becoming ‘the next Hanjin’ appeared first on The Loadstar.

Source: The Loadstar

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