P&O attracts buyout overture amid shipping-industry boom

Article Abstract:

Peninsular and Oriental Steam Navigation Co. of the United Kingdom has received a buyout overture from Dubai Ports World of the United Arab Emirates. The potential shipping industry deal would be valued at approximately 3 billion Pounds or $5 million.

Water Transportation, United Arab Emirates, Water Transportation Services, Support Activities for Water Transportation, Deep sea passenger trans., ex. ferry, Industry Overview, Company acquisition/merger, Shipping industry, Company Profile

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Business on the high seas

Article Abstract:

Cruise ship operators such as P&O Cruises, a unit of Peninsular & Oriental Steam Navigation Co., are now hosting several corporate events such as conferences, seminars and trade shows instead of the usual vacation and entertainment fare.

Use of services, Contracts & orders received, Contracts, P&O Cruises

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P&O will acquire festival, operator of 4 cruise ships

Article Abstract:

Peninsular & Oriental Steam Navigation Co. will acquire Festival Cruises, a cruise ship operator based in Monaco, for $400 million (440.1 million euros).

Asset sales & divestitures, Monaco, Festival Cruises

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