Pacific International Lines (PIL) incorporated in 1967 has developed from a coastal ship-owner/operator in Singapore to become one of the largest shipowners in Asia. Today, it is ranked 19th amongst the top containership operators in the world. PIL has diversified into logistics related activities such as supply chain management, consolidation/distribution facilities, warehousing, container depot operations, trucking as well as having interest in ship-agencies worldwide, container manufacturing, marine engineering and real estate. As of November 2007, PIL owns and operates a fleet of 106 vessels with a total TEU capacity of about 165,272 TEUs. 32 new container vessels with a total capacity of 89,064 TEUs will be delivered by March 2011. PIL also owns and operates a fleet of more than 334,554 TEUs of marine containers.