P&O Announces Steady Results For Stena

Tuesday, February 29, 2000
Peninsula & Oriental Steam Navigation Company Plc, said its Stena Line had results broadly comparable to year-ago figures, as it released quarterly ferries results. P&O also said carryings on its other ferry routes were broadly in line with the previous year. The group also said its Stena Line had a good year despite the loss of duty-free concession during the second half. The group decided to demerge its cruise operations this month in a bid for a higher market valuation for its ports, ferries and logistics operations. The company said freight rates and carryings for Stena have continued to grow strongly, and though tourist vehicle carryings have declined, rates have strengthened. P&O added that rates improved for its other ferry routes compared to 1998, but not for its Dover to Calais line.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Statoil, Repsol, ExxonMobil Win Colombian Offshore License

Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil.

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1119 sec (9 req/sec)