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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

Conference to Delve into Hybrid Power & Propulsion

The first international Hybrid Marine Power & Propulsion Conference will be held at the RNLI Lifeboat College, Poole UK from October 6-8, 2015.   Shock Mitigation

ContainerTug B.V. Releases Two New Models

Young Dutch ship design, engineering and construction company ContainerTug B.V. follows on the introduction of the ContainerTug 600S early last year with the release

Harvey Gulf Acquires Shipbuilding Assets

Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group   Harvey Gulf International Marine (HGIM) is launching a new affiliate,

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.0905 sec (11 req/sec)