Peninsular and Oriental Steam Navigation Co. is planning to list the
company on a U.S. stock exchange next year.
The British property and shipping group, currently in the midst of selling
its property activities, aims to list the group’s shares in the U.S. in the summer or
early fall of 2000. P&O’s shares are currently traded on the London stock exchange.
P&O said that its cruise division and its ports and logistics activities
are performing strongly.
P&O Nedlloyd, the Anglo-Dutch container shipping line 50-percent owned by
the P&O group, has seen an improvement in volumes and rates since the end of the third
quarter, the group said.
Besides its stake in P&O Nedlloyd, the P&O group is the parent
company of Associated Bulk Carriers and various port companies, including ITO Corp.
A spokesman for the P&O group said that there was no timetable concerning
the separate listing of the P&O Nedlloyd subsidiary.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now