Shipping firm PIL rolls out new 4-nation line
Pacific International Lines (PIL) will launch on June 29 a new weekly direct service connecting key ports in China, South Korea, Thailand, and Vietnam, the Singapore-based shipping company said.
The ports of call for the new line, which the company calls CTV Service, are Xingang, Dalian, Incheon, Qingdao, Shanghai, Laem Chabang, Ho Chi Minh City, and Xingang.
Commencing from Xingang, China, it will be served jointly by a consortium of vessels of average capacity of 2,000 TEUs, the carrier said.
“With the addition of this new CTV Service, our coverage in Asia would have been significantly enhanced, enabling us to offer linkages from all major ports in China, Korea to Southeast Asia, and then onto the rest of our global network,” PIL’s chief trade officer Tonnie Lim said in a release.
“This is in line with PIL’s new tagline of “Driving Connectivity”, which demonstrates our commitment to delivering good connections and quality services to our customers worldwide.”
Incorporated in 1967 in Singapore, PIL is a leading carrier in Southeast Asia and is ranked 12th among the world’s top container shipping lines. Together with its sister companies Mariana Express Lines and Malaysia Shipping Corporation, PIL serves customers worldwide with a fleet of around 100 container and multi-purpose vessels.
- Read More
Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam
Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.
Energy - Wed, December 18, 2024 | 3:43 pm GMT+7
Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec
The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.
Companies - Wed, December 18, 2024 | 2:15 pm GMT+7
Petrovietnam seeks WB support in offshore wind energy
State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.
Energy - Wed, December 18, 2024 | 1:36 pm GMT+7
Masan High-Tech Materials exits its downstream business H.C. Starck
Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.
Companies - Wed, December 18, 2024 | 1:24 pm GMT+7
New stock trading system KRX must come on stream in 2025: regulator
The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.
Finance - Wed, December 18, 2024 | 11:40 am GMT+7
Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln
Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.
Industries - Wed, December 18, 2024 | 11:17 am GMT+7
Vietnam interest rate unlikely to fall further: experts
Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).
Economy - Wed, December 18, 2024 | 10:04 am GMT+7
Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman
Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.
Economy - Wed, December 18, 2024 | 8:17 am GMT+7
Hanoi plans to start work on metro line 2 next year
Hanoi is set to start the construction of a section of its metro line 2 next year at a cost of VND35.58 trillion ($1.45 billion).
Infrastructure - Tue, December 17, 2024 | 9:15 pm GMT+7
Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy
Dr. Hoang Trung Thanh, a senior leader of Vietnam's conglomerate Bamboo Capital Group, emphasized the pivotal role of businesses in driving Vietnam’s green economy strategies during his speech at the recent Vietnam Circular Economy Forum 2024.
Bamboo Capital - Tue, December 17, 2024 | 8:15 pm GMT+7
F88 partners with MB to transform over 850 financial stores into bank transaction offices
Military Commercial Joint Stock Bank (MB) and leading consumer finance firm F88 on Monday officially signed a comprehensive cooperation agreement.
Companies - Tue, December 17, 2024 | 8:15 pm GMT+7
Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028
Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at VND145.2 trillion ($5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.
Southeast Asia - Tue, December 17, 2024 | 7:32 pm GMT+7
Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods
Saigon Co.op has stockpiled more than 12,000 tons of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.
Southeast Asia - Tue, December 17, 2024 | 7:28 pm GMT+7
Indonesia offers tax incentive to hybrid car makers
Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.
Southeast Asia - Tue, December 17, 2024 | 7:21 pm GMT+7
Indonesia ready to establish bullion banks
Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.
Southeast Asia - Tue, December 17, 2024 | 7:19 pm GMT+7
Thailand, South Korea begin third round of Economic Partnership Agreement talks
Thailand and South Korea on Tuesday kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Tue, December 17, 2024 | 7:16 pm GMT+7