Pacific International Lines (PIL) has placed an order for five container ships at Hudong-Zhonghua Shipbuilding. The vessels will be built to LR’s Digital Safe class notation and are scheduled for delivery in 2023. This order reflects PIL’s commitment to modernizing its fleet and meeting the industry’s environmental and efficiency standards.
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Watch live: PM Lawrence Wong's ministerial statement on US tariffs and their implications for Singapore
Prime Minister Lawrence Wong will address parliament on the impact of US tariffs on Tuesday, following threats from President Trump to increase tariffs on Chinese imports. Singapore, facing a 10% tariff, must prepare for potential trade war consequences. Despite challenges, Singapore is well-equipped to navigate the situation with reserves and unity. Full Article
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