Independent journal on economy and transport policy
18:20 GMT+1
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Pacific International Lines deals with creditors and seeks Temasek's support
The health crisis has exacerbated the difficulties of the Singapore shipping company
May 26, 2020
In particular, Pacific International Lines has six-month exclusivity agreement with Heliconia Capital Management, a wholly owned subsidiary of Temasek group, to assess a possible investment in GDP. Negotiations are also under way with 15 of the main creditors financial funds with which it has already been agreed deferral to December 31 next year of payments and suspension up to the same date of possible enforcement action against company.
We note that the Temasek Group's portfolio also includes maritime and naval operations, mainly through Sembcorp and Keppel Corporation, and in the port sector in which it operates through PSA, one of the world's leading terminalists, of which he owns the entire capital.
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In particular, Pacific International Lines has six-month exclusivity agreement with Heliconia Capital Management, a wholly owned subsidiary of Temasek group, to assess a possible investment in GDP. Negotiations are also under way with 15 of the main creditors financial funds with which it has already been agreed deferral to December 31 next year of payments and suspension up to the same date of possible enforcement action against company.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
