P&O Stena Q1 Hit By Lower Demand

Tuesday, May 02, 2000
The P&O Stena Line ferries joint venture reported first quarter results had been hit by dampened demand following the millennium, the abolition of duty-free and by Easter falling in the second quarter this year.

The group reported a headline loss of $17.7 million in the first three months of the year - historically its weakest quarter - compared with a profit of $5.4 million in the comparable period a year ago.

The number of passengers carried in the first quarter fell to 1.88 million from 2.21 million in the first quarter of 1999, although its market share held unchanged at 36 percent.

Freight carryings slipped slightly to 278,000 from 289,000 units, and its market share fell to 43 percent from 50 percent, as incremental capacity was introduced by rival Eurotunnel, operator of the Channel Tunnel.

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

Contracts

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

BAE Systems Awarded £201m to Advance Successor Sub Design

The U.K. Ministry of Defence (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.   The

Indonesian Navy Orders MAN Engine for Training Ship

MAN Diesel & Turbo has received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0664 sec (15 req/sec)