DP World back in the ferry business with pre-Brexi

 (www.cargofee.com) News Broadcast：

  P&O Ferries operates a fleet of 21 vessels on cross-Channel, North Sea and Irish Sea routes linking 11 ports while P&O Ferrymasters provides supply chain solutions in 19 European locations.

  The ferry business handles over 2.5 million freight units per year and accounts for 75 percent of group revenues that totalled US$1.4 billion in 2017 for an EBITDA of US$131 million.

  DP World originally acquired the British P&O Group in 2006 at a cost of £3.3 billion. Founded in 1840, Queen Victoria granted a royal charter to the company to carry freight and mail throughout Britain’s empire.

  In January this year the ferry company announced it was to transfer the registry of its six cross-Channel ferries from the UK to Cyprus due to the continued political uncertainty surrounding a post-Brexit Britain.

  In April 2016 DP World was awarded a 25-year concession to manage the three-quay, multi-purpose terminal in Limassol, Cyprus. In addition to a new passenger facility capable of handling the world’s largest cruise ships, operations include break-bulk, general cargo, RoRo, and oil & gas services.