P&O Ferries

P&O demands Eurotunnel hands back £33m Brexit ferry settlement

Further calamity has befallen the UK’s Department for Transport. For newspapers, and satirists, Chris Grayling’s ferry contract is the gift that keeps on giving. After Whitehall gave £33m to Eurotunnel in March after the DfT failed to conduct a proper tender process for cross-Channel ferry services in the event of a no-deal Brexit, P&O wanted a similar payout and now has upped its demands. It wants the £33m given to …

The post P&O demands Eurotunnel hands back £33m Brexit ferry settlement...

https://theloadstar.com/po-demands-eurotunnel-hand-back-33m-brexit-ferry-settlement/

Eckerö Acquires Ro-Pax To Cope with Increased Cargo and Car Traffic on Finland – Estonia

News from the Eckerö side: Rederi Ab Eckerö has signed a letter of intent to acquire P&O Ferries’ ro-pax EUROPEAN ENDEAVOUR. The sturdy Spanish-built vessel will be chartered her out to subsidiary Eckerö Line, for a new twice-daily service Helsinki Vuosaari – Tallinn, to cope with the increased...

https://www.ferryshippingnews.com/eckero-acquires-ro-pax-to-cope-with-increased-cargo-and-car-traffic-on-finland-estonia/

Brexit sails from one storm in a port to another: want to talk about it?

The decision by the UK’s Department for Transport earlier this week to cancel the contracts awarded to DFDS and Brittany Ferries to run a series of extra cross-channel ro-ro sailings after 29 March – the date the UK was due to leave the EU – brings to an end another sorry, chaotic chapter in a story depressingly full of them.
The original strategy of the government in securing some extra vessel …

The post Brexit sails from one storm in a port to another: want to talk about it? appeared first on T...

https://theloadstar.com/brexit-sails-from-one-storm-in-a-port-to-another-want-to-talk-about-it/

Ports with vision can return to the heart of business life as new enablers of trade

Despite the fact that we are living in a era in which supply chains are under a continual, and unprecedented, threat of disruption – you know the buzzwords, trade wars, Brexit, climate change – there also remain some constancies: the trading world is (mostly) connected by ships because 71% of the world’s surface is water, and ships are useless unless there are ports to serve them.
This simple fact, taken in …

The post Ports with vision can return to the heart of business life as new enablers of...

https://theloadstar.com/ports-with-vision-can-return-to-the-heart-of-business-life-as-new-enablers-of-trade/

Dover could cope with a 50% increase in processing times, post-Brexit, report claims

Predictions of miles of truck queues in the approaches to Dover after a hard Brexit are numerous, but a new report from Drewry Maritime Advisors claims the UK ro-ro gateway has considerable spare capacity.
The report calculated the port capacity of Dover, with current and predicted customs capacity and the vessel capacity of the two ro-ro operators, DFDS and P&O Ferries, and concludes that operations at the port could continue relatively …

The post Dover could cope with a 50% increase in...

https://theloadstar.com/dover-could-cope-with-a-50-increase-in-processing-times-post-brexit-report-claims/

DP World acquires P&O Ferries

DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.

P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation and a European transportation and logistics solutions provider, P&O Ferrymasters. P&O Ferries operates a fleet of 21 vessels...

https://container-news.com/dp-world-acquires-po-ferries/

Maritime union RMT on the sale of P&O Ferries to Dubai Ports World

Mick Cash

Maritime union RMT on the sale of P&O Ferries to Dubai Ports World 

Maritime Union RMT today said that the sale of P&O Ferries for £322m from Dubai World to Dubai Ports World raised fresh concerns over the future direction of shipping and ports policy in the UK, including the Port of Dover.

Commenting on the announcement RMT General Secretary Mick Cash said:

“P&O’s freight and passenger ferry fleet connecting UK and European ports is now entirely registered under Flags of Convenience.

“For...

http://www.allaboutshipping.co.uk/2019/02/20/maritime-union-rmt-on-the-sale-of-po-ferries-to-dubai-ports-world/

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