P and O hurt in tunnel war

Article Abstract:

P and O has seen a drop in its market share for travel across the English Channel to some 30% from 40%. Eurotunnel has increased its share of traffice from Dover to Calais to 40%. P and O is seeking rationalization in the sector, and is asking the UK government to end an undertaking which bans takeovers and mergers among ferry companies. This would allow P and O to operate with rivals on some routes, and allow the company to make an acquisition, with Stena a possible target.

Passenger Ships, Deep Sea Passenger Transportation, Water Transportation of Passengers, Management, Passenger vessels, P&O European Ferries (Irish Sea) Ltd.

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P and O's Dutch tie-up may lead to ferry merger

Article Abstract:

P and O plans a container shipping JV with Nedlloyd. The announcement of this plan led to a rise in P and O's share price. The industry is affected by overcapacity and P and O saw a drop in operating profit from this activity in 1995. The long-term health of the JV could still be affected by overcapacity. Nedlloyd has seen a drop in profit of over 50% since the end of the 1980s and was forecast to report a loss in 1997 before the JV was announced.

Deep sea foreign trans. of freight, Deep Sea Freight Transportation, Containerships, Joint ventures, Container ships, P&O Containers Ltd., Nedlloyd

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Tunnel threat piles on the gloom for builders

Article Abstract:

Eurotunnel may take legal action against building contractors to secure compensation. The company is likely to claim that work carried out has been faulty. The companies concerned include Costain, Tarmac and Taylor Woodrow, and their share prices could be affected. Critics argue that Eurotunnel's threat is linked to a refinancing crisis. UK construction companies are already hard hit by recession, and this threat creates further problems.

Tunnels Construction, Bridge and Tunnel Construction, Construction industry, Laws, regulations and rules, Tunnel construction, Eurotunnel PLC

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