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

People & Company News

Messer's CEO Norville Announces Retirement

Bill Heller to assume the position as Messer Cuttings Systems’ President and CEO Gary Norville started at Messer Cuttings Systems Inc. in September 1980 selling and installing cutting machines.

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Petroecuador Tenders to Buy 3.84m bbls of Naphtha

State-run oil company Petroecuador has launched tenders to buy a total volume of 3.84 million barrels of naphtha for delivery in the coming month at Esmeraldas,

Cruise Ship Trends

Holland America Line Offers ‘Explore 4’ Early Booking

Holland America Line knows the trend for savvy travelers is to book vacations well in advance. To encourage those early bookings the line is returning with its

Fred. Olsen's ‘Poison, Murder & Mystery Cruise’

Fred. Olsen Cruise Lines is proud to introduce a very unique cruise experience for Summer 2015, aboard its 880-guest ship Boudicca, the like of which guests

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1154 sec (9 req/sec)