P&O To Split Off Profitable Cruise Unit

Thursday, February 03, 2000
P&O Steam Navigation Co. will de-merge its cruises division to form a separate group, allowing it to focus on running its ferries and ports. The new group, the third largest cruise group which includes the Princess Cruise line, will list in New York and London by the end of 2000 and allow traditionally diversified P&O to tap directly into a rapidly growing cruise market. The announcement comes one day after Carnival Corp. -- the world's leading cruise operator -- and Malaysia's Star Cruises joined forces to buy Norwegian cruise firm NCL Holding. P&O also said it would expand its European ports and logistics business via a joint venture with Duisburg Port to develop a major inland terminal and logistics terminal at the German port. In addition, it announced the signing of an agreement to buy the container and general cargo business of Seaport Terminal in Antwerp, Belgium, subject to regulatory approval.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

New CEO for Evergas

Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk.

NCSP Group Cargo Traffic Up 6% in Q1 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that Group’s consolidated cargo turnover in Q1 2015 increased by 2 million tonnes or 6.

Naming Ceremony of Evergreen's EVER LYRIC

Evergreen Group today held the naming ceremony for EVER LYRIC, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place

Cruise Ship Trends

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

First Steel Cutting for Seabourn Encore

The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn,

Meyer Werft Buys Finland out of Turku Shipyard

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair
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: 0.2317 sec (4 req/sec)