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Encyclopedia > CP Ships

CP Ships is a large Anglo-Canadian shipping company owned by Canadian Pacific Limited. The company was founded in 2001 when it was spun off from Canadian Pacific Limited. The company is incorporated in Saint John, New Brunswick, Canada but headquartered in the United Kingdom. Its 82 ships are registered in a number countries including the UK, Bermuda, Liberia, and Germany and most of the crews are Asian. Its primary ports remain Montreal and Vancouver. Shipping is the transport of cargo between seaports by ships, typically large steel vessels powered by diesel engines or steam turbine plants. ... Canadian Pacific Limited was created in 1971 to own properties formerly owned by Canadian Pacific Railway, a transportation and mining giant in Canada. ... Saint John is the largest city in the province of New Brunswick and the oldest incorporated city in Canada. ...


From its very beginning the Canadian Pacific Railway was also involved in shipping, leasing ships and running some of its own. The first vessels carried tea from Japan to Vancouver to then be shipped east by the railway. Early in the twentieth century Canadian Pacific became one of the major shipping companies in the North Atlantic, best known for its Empress line of luxury passenger ships. In both the First and Second World Wars in contributed a large fleet of vessels to the war effort. After the war, however, Canadian Pacific retreated form the shipping industry and at one point only owned a single vessel, until in 1984 when it set up Canada Maritime in partnership with Compagnie Maritime Belge. The Canadian Pacific Railway (CPR; AAR reporting marks CP, CPAA, CPI), known as CP Rail between 1968 and 1996, is a Canadian Class I railway operated by Canadian Pacific Railway Limited. ... Members of Parliament Libby Davies, Ujjal Dosanjh, David Emerson, Hedy Fry, Stephen Owen Members of the Legislative Assembly Gordon Campbell, David Chudnovsky, Adrian Dix, Colin Hansen, Jenny Kwan, Lorne Mayencourt, Wally Oppal, Gregor Robertson, Shane Simpson, Carole Taylor Mayor Larry Campbell Governing Body Vancouver City Council Latitude: Longitude: 49°16...


This company prospered and the fortunes of CP Ships revived in the early 1990s and in 1993 Canadian Pacific bought out its partner in Canada Maritime, and that company was merged in CP Ships reviving the fleet. The next decade saw the company grow through acquisition. In 1995 it purchased the Cast Group, and also bought Lykes Lines, Ivaran Lines, TMM Lines, Italia Line. By 2001 it was the seventh largest carrier in the world, and dominated the North Atlantic. When it was spun off into a separate company it represented 25% of Canadian Pacific's revenues.


Soon after gaining its independence the company suffered from the general economic slowdown, it recovered much faster than its competitors and returned to profitability in 2002. By 2004 the global shipping industry was booming, and consolidating, and CP became the target of a number of take over rumours. It was announced on August 21, 2005 that German conglomerate TUI AG has offered US$2 billion to purchase CP Ships, with the intention to merge the company with TUI's Hapag-Lloyd division, creating the fifth largest global shipping company. August 21 is the 233rd day of the year (234th in leap years) in the Gregorian Calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... The TUI logo TUI AG (Touristik Union International) is a German based company. ... Hapag-Lloyd is a German transportation company comprising a cargo container shipping line and a cruise line. ...


External links

  • CP Ships - official website

  Results from FactBites:
 
TUI-CP-Ships, 3rd Writethru, Bgt,……………………….. #####..REUSE STORY ID..!!!!...#### (860 words)
CP Ships, a major competitor to TUI's Hapag-Lloyd unit, had been on the auction block for several months and rumours had the London-based freight giant being courted by Asian and European companies.
CP Ships is incorporated in Saint John, N.B., with its executive team based at Gatwick, England - near London.
CP Ships (TSX:TEU) is one of the world's leading container shipping companies, and owner of Montreal Gateway Terminals which operates one of the largest marine container terminals in Canada.
MITEM Case Study - CP Ships (770 words)
CP Ships, the London-based subsidiary of Toronto parent Canadian Pacific, is now a major player in the global container shipping business with $2.6 billion (US) in revenue.
With its rapid acquisitions, CP Ships has found itself as the parent of six separate companies, all of which were typically former competitors in one form or another.
CP Ships had an acute need to deliver rapid and visible changes across a technical environment that uses IBM OS/390, HP Unix, and IBM AS/400 platforms.
  More results at FactBites »

 
 

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