PIL orders new boxships

options. To date, it is only known that each ship will cost around US$160 million. However, PIL is said to have plans for mid-size newbuildings, which it intends to pursue once everything is completed with the Neo-Panamaxes is finalized. PIL last contracted in 2015 with Yangzijiang Shipbuilding Co. Ltd. for twelve 11,900 TEU freighters, which were delivered between 2017 and 2019. However, there are only four of them are still in the PIL fleet. The others had been sold in 2020 for well above the construction price at the time and thus made a good deal.