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P&O Stena Line
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P&O Stena Line
P&O Stena Line was a British ferry operator. Formed in 1998 after the merger of P&O European Ferries (Dover) Ltd and the Dover and Newhaven operations of Stena Line, it was subsumed into P&O Ferries in 2002 after P&O bought out Stena's ownership share.
The idea for a joint service was initially put forward in July 1996 and in October of the same year signed a Memorandum of Understanding for the merger of their ferry interests on the Short Sea routes. The go ahead was given to the merger towards the end of 1997 by UK, French and EU authorities and the new company began on 10 March 1998 with joint livery being officially unveiled the day before. Ownership of the new company was 60/40 in favour of P&O with all shore and sea management performed by P&O. Voting rights between the two companies were 50/50.
Both P&O and Stena also put various building assets into the merger. An example of which was P&O Stena Line's "Central Preparation" kitchens in the western docks, and their training centre (both ex-British Rail buildings). Channel House, P&O's Dover headquarters were leased from P&O Corporate in London to P&O Stena Line.
The Newhaven-Dieppe service was closed in early 1999. P&O Stena was replaced on the route by Transmanche Ferries and Hoverspeed.
In April 2002, P&O announced its intention to buy out the 40% stake in P&O Stena Line owned by Stena and this was completed by August. P&O Stena Line then became part of P&O Ferries.
On completion of the merger, P&O European Ferries transferred eight vessels into the newly formed company:
The first five being ROPAX ships sailing Dover to Calais, the last three being dedicated Freight only RORO vessels sailing Dover to Zeebrugge.
Stena Line transferred six vessels into the newly formed company:
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P&O Stena Line
P&O Stena Line was a British ferry operator. Formed in 1998 after the merger of P&O European Ferries (Dover) Ltd and the Dover and Newhaven operations of Stena Line, it was subsumed into P&O Ferries in 2002 after P&O bought out Stena's ownership share.
The idea for a joint service was initially put forward in July 1996 and in October of the same year signed a Memorandum of Understanding for the merger of their ferry interests on the Short Sea routes. The go ahead was given to the merger towards the end of 1997 by UK, French and EU authorities and the new company began on 10 March 1998 with joint livery being officially unveiled the day before. Ownership of the new company was 60/40 in favour of P&O with all shore and sea management performed by P&O. Voting rights between the two companies were 50/50.
Both P&O and Stena also put various building assets into the merger. An example of which was P&O Stena Line's "Central Preparation" kitchens in the western docks, and their training centre (both ex-British Rail buildings). Channel House, P&O's Dover headquarters were leased from P&O Corporate in London to P&O Stena Line.
The Newhaven-Dieppe service was closed in early 1999. P&O Stena was replaced on the route by Transmanche Ferries and Hoverspeed.
In April 2002, P&O announced its intention to buy out the 40% stake in P&O Stena Line owned by Stena and this was completed by August. P&O Stena Line then became part of P&O Ferries.
On completion of the merger, P&O European Ferries transferred eight vessels into the newly formed company:
The first five being ROPAX ships sailing Dover to Calais, the last three being dedicated Freight only RORO vessels sailing Dover to Zeebrugge.
Stena Line transferred six vessels into the newly formed company: