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 August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

Rolls Royce Marine Awarded LCS Engine Repair Contract

U.S. Department of Defense informs that Rolls Royce Marine North America, Walpole, Massachusetts, is being awarded a US$9,000,000 firm-fixed-price repair order

ABS President Wiernicki Signs New MARAD Agreement

The American Bureau of Shipping (ABS) informs that it has entered into a new Memorandum of Agreement (MOA) establishing the policies and procedures regarding the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction
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: 0.1508 sec (7 req/sec)