DP World acquires P&O Ferries

DP World has acquired the holding company of P&O Ferries and P&O Ferrymasters for £322 mill. This implies a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x, DP World said. P&O Ferries is a trans-European integrated logistics business consisting of ro-ro ferry operations and a European [Read more...]

2019-03-02T19:22:43+00:00 March 2nd, 2019|Marketing|

GAC Norway opens Tromsø branch

Growing interest in year-round Arctic cruises has prompted GAC Norway to open a branch, in Tromsø.   Located 300 km north of the Arctic Circle, Tromsø is the largest urban area in Northern Norway and serves as a portal to the Arctic. It is a popular [Read more...]

2019-01-28T11:22:31+00:00 January 28th, 2019|Marketing|

RMT slams P&O’s flagging out plans 

Seafarer ratings union RMT has rejected P&O’s claim that Brexit was behind a decision to switch the entire Dover/Calais ferry fleet from the UK to the Cypriot flag.   RMT general secretary Mick Cash said:“This is pure opportunism from P&O, whose long term aim has [Read more...]

2019-01-13T23:25:18+00:00 January 13th, 2019|Marketing|

ICSI News

We would like to take the opportunity of thanking everyone for their support throughout 2018. We would also like to wish everybody a good festive break and plain sailing in fair winds in 2019. The next ICSI newsletter will be published around 10th January.

2018-12-17T09:59:42+00:00 December 17th, 2018|Marketing|

Cruise industry still on a role- CLIA

Cruise Lines International Association (CLIA) has released the ‘2019 State of the Cruise Industry Outlook’ report. In its research, CLIA forecasts social media and restorative travel as top cruise travel trends in the coming year. In addition, the report reveals that cruising continues to grow [Read more...]

2018-12-17T08:22:16+00:00 December 17th, 2018|Marketing|