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Encyclopedia > Peninsular and Oriental Steam Navigation Company
 This article documents a current event.
Information may change rapidly as the event progresses.
P&O Steam Navigation Co.
Type Public (LSE: PO, TYO: 9195 )
Founded 1837
Location London
Key people Sir John Parker (Chairman)
Robert Woods (CEO)
Industry Transport
Products Ferries, port services, logistics services, real estate:
Revenue Image:green_up.png £2.40 billion GBP (2004)
Operating Income {{{operating_income}}}
Net Income {{{net_income}}}
Employees 22,038 (2004)
Parent {{{parent}}}
Subsidiaries {{{subsid}}}
Website www.pogroup.com/
{{{footnotes}}}

The Peninsular and Oriental Steam Navigation Company, which is usually known as P&O, is a British shipping and logistics company which dates from the early 19th century. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Its head office is in London. In February 2006 shareholders agreed to a £3.9 billion sale to Dubai Ports World. Wikipedia does not have an article with this exact name. ... To suggest a relevant news story for the main page, refer to the criteria then add your suggestion at the candidates page. ... Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A public company is a company owned by the public rather than by a relatively few individuals. ... LSE is an initialism for: London School of Economics and Political Science London Stock Exchange This page concerning a three-letter acronym or abbreviation is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... The Tokyo Stock Exchange (東京証券取引所 Tōkyō Shōken Torihikijo, abbreviated TSE) is the worlds second-largest stock exchange market. ... The Houses of Parliament and the clock tower containing Big Ben Part of the London skyline viewed from the South Bank London is the capital of the United Kingdom and England. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... UKP redirects here. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... In business, a subsidiary is a company controlled by another company or corporation. ... The front page of the English Wikipedia Website. ... Shipping is the transport of cargo between seaports by ships, typically large steel vessels powered by diesel engines or steam turbine plants. ... It has been suggested that Logistics Overview be merged into this article or section. ... Alternative meaning: Nineteenth Century (periodical) (18th century — 19th century — 20th century — more centuries) As a means of recording the passage of time, the 19th century was that century which lasted from 1801-1900 in the sense of the Gregorian calendar. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest companies listed on the London Stock Exchange. ... The Houses of Parliament and the clock tower containing Big Ben Part of the London skyline viewed from the South Bank London is the capital of the United Kingdom and England. ... Dubai Ports World (or DP World for short) is a company owned by the government of Dubai in the United Arab Emirates. ...

Contents


Current organisation

P&O's interests are as follows:

  • P&O Ports — A major global container port operator
  • P&O Ferries — The largest ferry operator in the United Kingdom
  • P&O Cold Logistics. — An international cold logistics business (freezing, handling and storage)
  • P&O Property — Minor property development interests.

A port operator is a private business that contracts with a government port authority to move cargo through a port at a contracted minimum level of productivity. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... It has been suggested that Logistics Overview be merged into this article or section. ...

History

In 1822 Brodie McGhie Wilcox, a London ship broker, and Arthur Anderson, a Scottish sailor, went into partnership to operate a shipping line, primarily operating routes between England and Spain and Portugal. In 1835 a Dublin shipowner named Captain Richard Bourne joined the business and the three men started a regular steamer service between London and Spain and Portugal - the Iberian Peninsula - using the name Peninsular Steam Navigation Company, with services to Vigo, Oporto, Lisbon and Cádiz. Shipbroking is a part of the shipping industry. ... Arthur Anderson (1792, Shetland -1868), was a Scottish businessman and Liberal politician. ... Royal motto: Nemo me impune lacessit (English: No one provokes me with impunity) Scotlands location within the United Kingdom Languages English, Gaelic, Scots Capital Edinburgh Largest city Glasgow First Minister Jack McConnell Area - Total - % water Ranked 2nd UK 78,782 km² 1. ... Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location within the British Isles Languages English (de facto) Capital London de facto Largest city London Area – Total Ranked 1st UK 130,395 km² Population – Total (mid-2004) – Total (2001 Census) – Density Ranked 1st UK 50. ... Dublin (Irish: Baile Átha Cliath) is the capital and largest city of the Republic of Ireland, located near the midpoint of Irelands east coast, at the mouth of the River Liffey and at the centre of the Dublin Region. ... Paddle steamers - Lucerne-Switzerland Left: original paddlewheel from a paddle steamer on the lake of Lucerne. ... topographic map of the Iberian Peninsula The Iberian Peninsula, or Iberia, is located in the extreme southwest of Europe. ... Nickname: The Olive City Motto: Official website: Cidade de Vigo Location Situation of Vigo within Galicia Government Parroquias  ? Mayor (Alcalde) Corina Porro Martínez (PPdeG) Geographical characteristics Area Total 109,1 km² Land  ? km² Water  ? km² Population Total (2005) 293. ... District Porto Mayor   - Party Rui Rio PSD Area 41. ... District Lisbon Mayor   - Party Carmona Rodrigues PSD Area 84. ... City nickname: Tacita de plata (little silver cup) Official website: http://www. ...


In 1837 the business won a contract from the British Admiralty to deliver mail to the Iberian Peninsula and in 1840 they acquired a contract to deliver mail to Alexandria in Egypt. The present company, the Peninsular and Oriental Steam Navigation Company was incorporated in that year by a Royal Charter, and its name therefore includes neither "Plc" nor "Limited". Old Admiralty House, Whitehall, London, Thomas Ripley, architect, 1723-26, was not admired by his contemporaries and earned him some scathing couplets from Alexander Pope The Admiralty was historically the authority in the United Kingdom responsible for the command of the Royal Navy. ... Antiquity and modernity stand cheek-by-jowl in Egypts chief Mediterranean seaport Located on the Mediterranean Sea coast, Alexandria Αλεξάνδρεια (in Arabic, الإسكندرية, transliterated al-ʼIskandariyyah) is the chief seaport in Egypt, and that countrys second largest city, and the capital of the Al Iskandariyah governate. ... A Royal Charter is a charter given by a monarch to legitimize an incorporated body, such as a city, company, university or such. ...


Mail contracts were to be the basis of P&O's prosperity until the Second World War, but the company also became a major commercial shipping line and passenger liner operator. In 1914 it took over the British India Steam Navigation Company, which was then the largest British shipping line, owning 131 steamers. Further acquisitions followed and the fleet reached a peak of almost 500 ships in the mid 1920s. 85 of the company's ships were sunk in the First World War and 179 in the Second World War. Postbox redirects here. ... Combatants Allies: • Soviet Union, • UK & Commonwealth, • USA, • France/Free France, • China, • Poland, • ...and others Axis: • Germany, • Japan, • Italy, • ...and others Casualties Military dead: 18 million Civilian dead: 33 million Full list Military dead: 7 million Civilian dead: 4 million Full list World War II, also known as the Second World... A passenger ship is a ship whose primary function is to carry passengers. ... British India Steam Navigation Company was formed in 1856 as the Calcutta and Burmah Steam Navigation Company. ... Combatants Allies: • Serbia, • Russia, • France, • Romania, • Belgium, • British Empire and Dominions, • United States, • Italy, • ...and others Central Powers: • Germany, • Austria-Hungary, • Ottoman Empire, • Bulgaria Casualties 5 million military, 3 million civilian (full list) 3 million military, 3 million civilian (full list) World War I, also known as the First World...


Post war

After 1945 the passenger market declined. P&O entered the cruise market, but it concentrated mainly on cargo ships. It entered the tanker trade in 1959 and the roll-on roll-off (RORO) ferry business in the mid 1960s. It was also a pioneer of container shipping, and by the early 1980s it had converted all of its dry cargo liner routes to container operations. To meet Wikipedias quality standards, this article or section may require cleanup. ... A RO-RO ships Starboard side, the stern ramp is much more robust and cabable of holding a tank such as an Abrams RORO and ro-ro are acronyms for Roll On/Roll Off; a type of ferry, cargo ship or barge that carries wheeled cargo such as automobiles... The Pride of Burgundy, a P&O Ferries car ferry on the Dover-Calais route A ferry is a boat or a ship carrying passengers, and sometimes their vehicles, on scheduled services. ... Containerization is a system of intermodal cargo transport using standard ISO containers (also known as isotainers) that can be loaded on container ships, railroad cars, and trucks. ...


In 1975 P&O established Pandoro for operation of the company's Irish Sea RORO routes. Pandoro was an acronym for P AND O ROro. In 1998 P&O European Ferries (Irish Sea) Ltd was formed by the internal merger of Pandoro Ltd. and P&O European (Felixstowe) Ltd., to run the Irish Sea routes. Relief map of the Irish Sea. ...


In 1987 P&O took over the European Ferries Group which traded as Townsend Thoresen and renamed the company P&O European Ferries.


Over the last quarter of the Twentieth Century P&O also diversified into construction management (through the Bovis companies, which it owned from 1974 to 1999), property investment and development, and a variety of service businesses including exhibition and conference centres, but most of these activities were disposed of following the company's decision in March 1999 to concentrate on its maritime and transport interests. Its P&O Ports and P&O Cold Logistics divisions both developed from P&O's operations in Australia, where it has a leading position in both of these fields. Bovis Homes Group plc is a second tier national British housebuilding company based in Longfield in Kent. ...


M/S Herald of Free Enterprise incident

On 6 March 1987, the roll on/roll off ferry, M/S Herald of Free Enterprise, capsized off the coast of Zeebrugge with 80 crew and 459 passengers aboard. 193 were killed in the capsizing. The operator of the ship, Townsend Thoresen, had been purchased by P&O in 1986. March 6 is the 65th day of the year in the Gregorian Calendar (66th in Leap years). ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... A RO-RO ships Starboard side, the stern ramp is much more robust and cabable of holding a tank such as an Abrams RORO and ro-ro are acronyms for Roll On/Roll Off; a type of ferry, cargo ship or barge that carries wheeled cargo such as automobiles... The Herald of Free Enterprise capsized off Zeebrugge in 1987. ... Capsizing refers to when a boat is inverted such that the bottom of the boat is on top. ... Zeebrugge (French: Zeebruges) is a harbour-town at the coast of Belgium, a subdivision of Bruges, for which it is the modern port. ... Townsend Thoresen was formed in 1968 when Townsend Brothers Ferries combined with Thoresen Car Ferries. ...


The incident resulted in a coroner's inquest and a public inquiry. A jury at the coroner's inquest found the company to be guilty of corporate manslaughter, and the Crown Prosecution Service charged the company and seven employees with corporate manslaughter and manslaughter, respectively. The charges did not result in any convictions. As part of the public inquiry, Lord Justice Sheen wrote in a July 1987 report that P&O possessed a "disease of sloppiness" which permeated the company's hierarchy. [1] Corporate manslaughter is a term in English law for an act of homicide committed by a company. ... The Crown Prosecution Service is the arm of the Government of the United Kingdom responsible for public prosecutions of people charged with criminal offences in England and Wales. ... 1987 is a common year starting on Thursday of the Gregorian calendar. ...


The cases surrounding the incident set a precedent for the prosecution of corporations in cases of manslaughter and gross negligence in English criminal law. Precedent, sometimes authority, is the legal principle or rule created by a court which guides judges in subsequent cases with similar issues or facts. ... Manufacturers are reponsible for adequately warning consumers of possibly dangerous products. ... English law is a formal term of art that describes the law for the time being in force in England and Wales. ...


Demergers

On October 23, 2000 P&O demerged its cruise business P&O Princess Cruises plc. In April 2003 P&O Princess came together with the Carnival Corporation to form Carnival Corporation & plc. In June 2004, P&O sold its 25% stake in Royal P&O Nedlloyd, a major container shipping business into which its container operations had been merged in 1996. The container company was later (June 2005) purchased by A.P. Moller-Maersk Group. Carnival Corporation & PLC is an Anglo-American corporation which is the worlds largest cruise operator, comprising 13 cruise brands, including Carnival Cruise Lines, Princess Cruises, Holland America Line, Windstar Cruises and Seabourn Cruise Line in North America; P & O Cruises, Cunard Line, Ocean Village and Swan Hellenic in the... P&O Nedlloyd Container Line Limited is a worldwide ocean-going container shipping line, headquartered in London and Rotterdam, and owned by A.P. Moller-Maersk Group (Maersk). ... 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in June June 27: Shelby Foote June 27: John T. Walton June 26: Richard Whiteley June 25: John Fiedler June 25: Chet Helms June 24: Paul Winchell June 21: Jaime Cardinal Sin June 20: Jack Kilby... Supply vessel Maersk Shipper (UK-flag) The A.P.Moller - Maersk Group (Danish: A.P. Møller-Mærsk Gruppen) is an international business consortium involved in a variety of business sectors, primarily transportation. ...


The operating profit for 2004 was £268.3 million.


Proposed merger

On Sunday September 30, 2005 The Sunday Times reported that P&O was in takeover talks with Thunder FZE, a wholly owned subsidiary of Dubai Ports World, a company owned by the government of Dubai in the United Arab Emirates. On November 29, the P&O board announced that it would be recommending an offer of 443 pence per share, worth £3.3 billion (US$5.7 billion) to its shareholders [2]. Ironically in early December P&O regained its status as a FTSE 100 company when BPB plc was taken over, but will be shortlived. A bidding war commenced when Singapore's PSA International made a £3.5 billion offer, which Dubai Ports World then topped with a bid of £3.9bn (US$7bn) [3]. Despite speculation that it would make a higher bid, PSA withdrew, and in February 2006 shareholders voted in favour of the offer from Dubai. [4]. The combined group will become the world's third largest ports operator. When the merger was approved by the U.S. federal government in February 2006, the Bush Administration came under fire from critics who questioned the decision to allow an Arab-owned company to oversee US ports. September 30 is the 273rd day of the year (274th in leap years) in the Gregorian calendar, with 92 days remaining. ... The Sunday Times is the name of several Sunday newspapers. ... Dubai Ports World (or DP World for short) is a company owned by the government of Dubai in the United Arab Emirates. ... The Burj al-Arab hotel has become an architectural icon of Dubai. ... This article is about general United States currency. ... BPB plc is a British company which is the worlds largest manufacturer of plasterboard. ... Logo PSA International Pte Ltd is the worlds second largest port operator in terms of container throughput handled, and is headquartered in Singapore, the base of its biggest operations where it has an overwhelming presence in the Port of Singapore. ...


The move will place the leasehold interests of P&O in New York City, Newark, Baltimore, Miami, New Orleans, and Philadelphia under the control of Dubai Ports World. US operations represent ten percent of P&O's world-wide operations and consist primarily of cranes and terminals. Nickname: The Big Apple Motto: Official website: City of New York Location [[Image:|250px|250px|Location of City of New York, New York]] Location in the state of New York Government Counties (Boroughs) Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R... Skyline of downtown Newark as seen from the Newark Bay Bridge. ... Motto: The Greatest City in America (formerly The City That Reads; BELIEVE is not the official motto but rather a specific campaign) Nickname: Monumental City Charm City Mob Town B-more Map Political Statistics Founded 30 July 1729 Incorporated 1797 Independent city Mayor Martin J. OMalley (Dem) Geographic Statistics... The Magic City, The American Riviera, The Sixth Borough Location of Miami in Miami-Dade County, Florida. ... Nickname: The Crescent City, The Big Easy, The City That Care Forgot, The Dirty Dirty Motto: Official website: http://www. ... Nickname: City of Brotherly Love Motto: Philadelphia maneto (Let brotherly love continue) Official website: http://www. ...


Controversy

Main article: DP World controversy The Dubai Ports World controversy began in February 2006 and rose to prominence as a national security debate in the United States. ...


Many U.S. politicians and media commentators assumed implicitly that the merger would affect port security at ports P&O manages or does stevedoring. Port security in the U.S. is handled by the Coast Guard. ...


David Osler, Industrial Shipping Editor of Lloyd's List said that US security procedures and overall port control will not be affected by the transaction, according to . [5] Lloyds List is one of the worlds oldest continuously-running journals, having printed shipping news in London at least as early as 1741. ...


Several U.S. states have sought ways to block the move, citing security concerns as well as the possibility of losing related leases of foreign ports. [6]


President Bush has stated he will veto any legislation created with the intent to interfere with the change. [7]


DP World is now delaying the US Port takeover. [8]


On March 9th, 2006, DP World agreed to turn over terminal operations at the American ports to an American company, though no company has yet been specified. Details have not yet emerged. [9]


External links


  Results from FactBites:
 
Peninsular and Oriental Steam Navigation Company - Wikipedia, the free encyclopedia (781 words)
The Peninsular and Oriental Steam Navigation Company, which is usually known as PandO, is a British shipping and logistics company which dates from the early 19th century.
The present company, the Peninsular and Oriental Steam Navigation Company was incorporated in that year by a Royal Charter, and its name therefore includes neither "Plc" nor "Limited".
The container company was later (June 2005) purchased by A.P. Moller-Maersk Group.
Peninsular & Oriental Steam Navigation Co (1008 words)
Peninsular & Oriental Steam Navigation Co eninsular and Oriental Steam Navigation Company, one of the largest shipping companies in the world, started life as a shipping agency business run by two young men, Brodie Willcox and Arthur Anderson, shortly after the Napoleonic which ended with Wellington's victory at Waterloo in 1815.
Signed by Richard Bourne on behalf of the company, this was the first mail contract awarded to a commercial shipping company, the first of many contracts which promulgated the foundation of many of Britain's well known shipping companies in the mid to late 19th century.
'Oriental' was added to the name and on the 31st December,1840 the Peninsular and Oriental Steam Navigation Co., was incorporated by a Royal Charter and, today, remains one of the few British companies not governed by the Companies Acts..
  More results at FactBites »

 
 

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