Peninsular & Oriental Steam Navigation Company
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|
| Public | |
| Industry | Transport |
| Fate | Acquired by DP World |
| Successors | DP World |
| Founded | 1837 |
| Defunct | 7 March 2006 |
| Headquarters | London, England |
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Key people
|
Sir John Parker (Chairman) Robert Woods (CEO) |
| Products | Ferries, port services, logistics services, real estate: |
| Revenue |
 £2.40 billion GBP (2004) |
|
Number of employees
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22,038 (2004) |
| Website | www |
Footnotes / references |
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P&O (formally the Peninsular and Oriental Steam Navigation Company) was a British shipping and logistics company dating from the early 19th century. Formerly a public company, it was sold to DP World in March 2006 for £3.9 billion. DP World currently operate three P&O branded businesses, P&O Ferries, P&O Maritime and P&O Heritage.
P&O Cruises was spun off from P&O in 2000, and is now owned and operated by Carnival Corporation & plc. The former shipping business, P&O Nedlloyd, was bought by and is now part of Maersk Line.
In 1822, Brodie McGhie Willcox, a London ship broker, and Arthur Anderson, a sailor from the Shetland Isles, northern Scotland, went into partnership to operate a shipping line, primarily operating routes between England and Spain and Portugal. In 1835, Dublin shipowner 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. The company flag colours are directly connected with the Peninsular flags: the white and blue represent the Portuguese flag in 1837, and the yellow and red the Spanish flag.
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Wikipedia