P&O is to acquire Stena Line’s 40% shareholding in P&O Stena Line, subject to clearance by the European Commission. P&O will pay approximately \u00a3150m to bolster their position in a consistently profitable part of the UK-Continent ferry market.<\/p>\n
Separately, P&O Stena Line announced consultations have begun with employee representatives concerning the possible closure of the Dover-Zeebrugge route by the end of this year. The three ferries currently sailing this route may be converted to operate on the Dover-Calais route, replacing two older ferries there at present.<\/p>\n
Meanwhile, as part of a separate transaction, P&O North Sea Ferries is consulting about possible closure of the Felixstowe-Zeebrugge and Felixstowe-Rotterdam routes.<\/p>\n
P&O is in advanced negotiations with Stena Line regarding the sale to Stena Line of three P&O North Sea Ferries owned vessels that would be effected. These ferries and their crews may then be transferred to a possible new Harwich-Rotterdam operation.<\/p>\n
MJ Information No: 17014<\/p>\n","protected":false},"excerpt":{"rendered":"
P& O and Stena Line have announced a memorandum of understanding that will lead to a consolidation of P& Os short sea ferry interests and a possible rationalisation of ferry services on the North Sea.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"sponsor":[],"class_list":["post-984","post","type-post","status-publish","format-standard","hentry","category-key-deals"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/posts\/984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/comments?post=984"}],"version-history":[{"count":0,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/posts\/984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/media?parent=984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/categories?post=984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/tags?post=984"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.maritimejournal.com\/get-set-for-workboat-2050\/wp-json\/wp\/v2\/sponsor?post=984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}