Aida To Give P&O A Boost

Tuesday, September 26, 2000
Shipping company P&O, reporting its first-half results, said on Tuesday it was to boost its presence in the German cruise sector by buying the remaining 49 percent of Aida Cruises for 115 million marks ($49.9 million).

Peninsula & Oriental Steam Navigation Co. said that it would combine Aida Cruises with its Seetours International Ltd unit, to create a company accounting for around 20 percent of the German cruise sector by number of passengers. "We have two of the best consumer cruising brands and will be in a strong position to exploit the huge potential of the German market," P&O chairman Lord Sterling said in a statement.

Meanwhile, the company posted a slight rise in first half pre-tax profit on Tuesday, and said the demerger of its cruise business was proceeding according to schedule.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

First Damen Tug for Fratelli Neri

Fratelli Neri S.p.A has taken delivery of a Damen ASD Tug 3212. The new vessel, called Luisa Neri, was handed over from Damen Maaskant Shipyards Stellendam in the Netherlands, on 25 January 2016.

Subchapter M: The Designated Person Ashore and You

As the workboat industry marches toward Subchapter M, and ever closer to the International Safety Management (ISM) Code, the appointment of a Designated Person Ashore (DPA) becomes more important,

Insights: Benny Cenac, Jr., Owner & CEO, Cenac Towing Company

Arlen “Benny” Cenac Jr. is a third-generation owner of Cenac Towing Company. The firm, originally founded in 1927 by his grandfather, now does business as Cenac Marine Services.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0564 sec (18 req/sec)