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P&O (in full, The Peninsular and Oriental Steam Navigation Company [1]) 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.
P&O Cruises is a British cruise line based at Carnival House in Southampton, England, operated by Carnival UK and owned by Carnival Corporation & plc.It was originally a subsidiary of the freight transport company P&O and was founded in 1977. [1]
P&O Ferries is a British shipping company that operates ferries from United Kingdom to Northern Ireland, and to Continental Europe (France, Belgium and the Netherlands). The company was created in 2002 through mergers and acquisitions within P&O. It has been owned by Dubai-based DP World since 2019.
P&O Holidays Australia Fair Princess at Darling Harbour in March 1989. In the 1980s, P&O sustained its operations in Australia with the help of the Oriana, which was transferred to the Australian market in the 1980s. In 1988, P&O Group purchased Sitmar Cruises in 1988, after which it branded Fairstar under the P&O Holidays Australia banner.
P&O operated major US port facilities in New York, New Jersey, Philadelphia, Baltimore, New Orleans, and Miami. Before the deal was secured, the arrangement was reviewed by the Committee on Foreign Investment in the United States headed by the US Treasury Department and including the Departments of State , Commerce , and Homeland Security .
P&O Princess Cruises merged with Carnival Corporation on April 17, 2003, to form the world's largest cruise operating company in a deal worth US$5.4 billion. [ 24 ] [ 25 ] As a result of the merger, Carnival Corporation and P&O Princess were integrated to form Carnival Corporation & plc , with a portfolio of eleven cruise ship brands.
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The Newhaven-Dieppe service was closed in early 1999. P&O Stena was replaced on the route by Transmanche Ferries and Hoverspeed. In April 2002, P&O announced its intention to buy out the 40% stake in P&O Stena Line owned by Stena and this was completed by August. P&O Stena Line then became part of P&O Ferries.