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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

Pair of ASD Tugboats Delivered to Keppel-Smit

The ASD tugs KST Passion and KST Pride were were delivered to their owner, Keppel-Smit Towage Pte. Ltd of Singapore in October 2014. The two vessels are the first

Ice to Close Upper Mississippi from Nov. 20

The shipping season on the upper Mississippi River will end on Thursday as ice surrounding locks and dams near Minnesota's Twin Cities forced the earliest winter

RSC Bio Solutions: SVGP Compliant Fluids & Cleaners

RSC Bio Solutions said that its EnviroLogic Environmentally Acceptable Lubricants (EALs), including hydraulic, stern tube and thruster oils, and SAFECARE cleaners

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0861 sec (12 req/sec)