PIL names Temasek's Wan Chee Foong to succeed Lars Kastrup as chief executive
Wan joins as deputy CEO on 5 October and takes over in April 2027; Kastrup moves to adviser to the board
Pacific International Lines has appointed Wan Chee Foong as deputy chief executive from 5 October, to succeed Lars Kastrup as chief executive in April 2027. Kastrup stays in charge through the six-month transition and then becomes an adviser to the board, the Singapore carrier announced on 22 September.
Wan, 53, is currently managing director, corporate strategy at Temasek International. He brings nearly 30 years in transport, ports and logistics, much of it at PSA International, where he was regional CEO for the Middle East and South Asia, head of group business and commercial development, and CEO of PSA BDP. He sat on PSA International's senior management council from 2014 to 2025, and before that spent nine years at Temasek, from 2003 to 2012, working on transport and logistics. He is also an independent director of Bahri, Saudi Arabia's national shipping company.
Kastrup joined PIL in July 2020 as a senior adviser and became chief executive in July 2022, after more than 40 years in container shipping. Over that period group EBITDA rose from US$558 million in the 2023 financial year to US$1.50 billion in 2025, and the company reported a net profit of US$1.04 billion in 2025 on revenue of US$4.27 billion.
The fleet grew with the earnings. Capacity rose by more than 50% to about 500,000 teu, and ten LNG dual-fuel vessels had been delivered by the first half of 2026. A further 18 LNG dual-fuel newbuildings and 14 vessels on long-term charter are due through 2029, so the bulk of the renewal programme Kastrup started will arrive under his successor. PIL has also taken its agencies in-house: wholly owned or controlled agencies now handle about 98% of its cargo volume.
The two careers come from different sides of the business. Wan's has been spent largely in ports and logistics at PSA International and Temasek, while Kastrup came to PIL after more than four decades in liner shipping.
This story is part of the Maritime Briefing of 25 September 2026.
