PACIFIC International Lines has issued a statement denying “rumours” of its bankruptcy.

The statement, published on the company website, refers to “rumours circulating on social media” and “making false claims about a potential bankruptcy of Pacific International Lines”.

“PIL would like to clarify that these rumours are totally false and the information and content derived therefrom are unfounded,” the PIL statement read.

“We urge the public not to spread such fake news and misinformation. PIL reserves the right to pursue legal actions against those who generate and spread these defamatory rumours during this COVID-19 pandemic period and related false information after this statement.”

In its statement, PIL sought to paint a rosy picture.

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“As the COVID-19 situation in China continues to improve, PIL and all our China subsidiaries have fully resumed operations on 9th March,” the company stated.

“PIL has been making steady progress and is currently actively preparing for a strong rebound after the epidemic.”

The company claimed to have been resilient with a service rationalisation and focusing efforts on key liner markets in Asia, the Middle East, Africa, Oceania and South America.

“Our strategic business integration has enabled us to be well-positioned in capturing market opportunities brought about by the Belt and Road Initiative (BRI), and moving forward, PIL will continue to strengthen our leading position in the North-South routes,” the company stated. “Meanwhile, since the beginning of the COVID-19 outbreak, PIL has actively stepped up to aid the epidemic fight in China and around the world.”

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