P&O Nedlloyd
P&O Nedlloyd Container Line Limited was started in December 1996 as a 50:50 joint venture of P&O and Royal Nedlloyd representing the liner shipping interests of the two companies. In 2004 Royal Nedlloyd purchased 25% of P&O's share to make it a 25:75 joint venture and the company is now enlisted in the Amsterdam Stock Exchange as Royal P&O Nedlloyd NV. It is currently the third largest container carrier in the world, with routes connecting all parts of the globe and a yearly turnover of around USD 4.5 billion.
In May of 2005 A.P. Moller-Maersk Group announced plans to purchase P&O Nedlloyd for 2.3 billion Euros. The combined company would be by far the largest shipping company in the world with about 18% of world market share.
Its product is a worldwide, port-to-port or door-to-door service using the most extensive global network in the industry. P&O Nedlloyd has over 70 established trade lanes and provides connections to more than 250 main ports serving 120 countries worldwide. These elements, combined with well-developed feeder lines, extensive inland transport capabilities and port facilities, form the base of its product.
With a fleet of 160 owned and chartered vessels, and a container fleet numbering some 635,000 owned and leased teus (twenty foot equivalent units i.e containers), P&O Nedlloyd is numerically speaking one of the largest companies in the industry.
The company is headquartered in London and Rotterdam. Its current CEO is Phillip Green.
Company Business
- Container Shipping
- Logistics Services
Subsidaries:
- China Shared Services Centre
- India Shared Services Centre
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