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PIL adds to bulker fleet with MOL capesize acquisition
Pacific International Lines (PIL), controlled by the Teo family, has dipped into the dry bulk sector to take advantage of low prices and mix its revenue base from its strong container focus. Clarksons Research is reporting PIL has splashed out $13.75m for the Sea Pull capesize. The 2006 Japanese built bulker had been part of the Mitsui OSK Lines (MOL) fleet. The ship’s next survey is due soon.
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