Singapore’s Pacific International Lines (PIL) has ordered five LNG dual-fuel containerships from China’s Hudong-Zhonghua Shipbuilding, adding to their newbuilding campaign of 18 vessels since 2022. These 9,000 teu ships are part of PIL’s commitment to modernize their fleet and achieve net zero emissions by 2050, with delivery expected in 2027 and 2028. The order value has not been disclosed, but sources estimate each newbuild to cost around $140m.
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Billion-dollar money laundering case: 4 law firms linked to seized properties named, 2 more identified and reprimanded
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Four law firms involved in Singapore's S$3 billion money laundering case have been named for breaching anti-money laundering obligations. Investigations by the Ministry of Law revealed that firms like Anthony Law Corporation failed to conduct necessary scrutiny on property transactions linked to the laundering...
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