August 30, 2014 2:17 PM ET

Transportation Infrastructure

Company Overview of Peninsular and Oriental Steam Navigation Company Limited

Company Overview

Peninsular and Oriental Steam Navigation Company Limited, a marine port operator, provides marine transportation, shipping, and logistics services. Additionally, it offers cargo handling, passenger and container shipping, and terminal management services. The company was founded in 1836 and is headquartered in London, United Kingdom. Peninsular and Oriental Steam Navigation Company Limited operates as a subsidiary of DP World - UAE.

79 Pall Mall

London,  SW1Y 5EJ

United Kingdom

Founded in 1836

24,612 Employees

Phone:

44 20 7930 4343

Fax:

44 20 7939 9388

Key Executives for Peninsular and Oriental Steam Navigation Company Limited

Peninsular and Oriental Steam Navigation Company Limited does not have any Key Executives recorded.

Peninsular and Oriental Steam Navigation Company Limited Key Developments

Russian Railways Moves To Second Step Of Tender For Thessaloniki

Greek authorities have shortlisted Open Joint Stock Company Russian Railways for the second round of a tender to buy 67% in Thessaloniki Port Authority Societe Anonyme (ATSE:OLTH), a spokesman for Hellenic Republic Asset Development Fund S.A. told PRIME late on July 8, 2014. In fact, all eight companies which submitted bids were admitted to the second round. Aside from GEK TERNA Holdings Real Estate, Construction S.A. (ATSE:GEKTERNA), Deutsche Invest Equity Partners, GmbH, Mitsui & Co. Ltd. (TSE:8031), APM Terminals B.V., International Container Terminal Services Inc. (PSE:ICT), Duferco Participation Holdings Limited, Peninsular and Oriental Steam Navigation Company Limited, and Yildirim Holding A.S. During the second round the companies will get access to details and conditions of the purchase, as well as will be obliged to present binding financial offers.

Tender For Derince Seaport May Get Cancelled

Turkish State Railroad Company conduct final around of auction for Derince Seaport on January 22, 2013. None of the three companies that participated in the auction rounds have submitted bids in the tender for which an initial value of $516 million was determined. The tender is expected to be cancelled. It has been observed that none of the three companies that participated in the auction rounds have made offers in the tender for which 6 companies submitted initial bids. President Ahmet Aksu that chaired the tender commission said that an evaluation will be made by the tender commission but that the tender will be cancelled anyhow. Peninsular and Oriental Steam Navigation Company Limited has been eliminated in the first elimination round of the tender, whereas the highest bid of $252 million was submitted, Ceynak Lojistik ve Ticaret A.Åž has been eliminated in the second round where $302 million was witnessed and Yilport A.S. has been eliminated in the third round. Safi Kati Yakit Sanayi Ve Ticaret A.S. and Cengiz Insaat Sanayi Ve Ticaret A S and Yilport that participated in the auctioning rounds disclosed that they withdrew from the tender when the commission determined the initial value of the auction as $516 million.

Government Cancels Derince Liman's Sale

The privatization of the Derince Liman Isletmesi was not concluded in a transaction on a tender held on January 22, 2014 as the final bidders withdrew their auction offers. A statement released by the Privatization Administration (ÖIB) following the auction said the tender will be canceled. Currently, Turkish State Railways (TCDD) has the operational rights of the port, but the tender envisaged handing over the rights to the winner for 36 years. Peninsular and Oriental Steam Navigation Company Limited; Cengiz Insaat Sanayi Ve Ticaret A S; Kumport Liman Hizmetleri Ve Lojistik Sanayi Ve Ticaret A S; Yilport A.S.; Ceynak Lojistik ve Ticaret A.Åž; and Safi Kati Yakit Sanayi Ve Ticaret A.S. had made a bid. The Peninsular and Oriental Steam Navigation Company was eliminated in the first round, while Ceynak Lojistik ve Ticaret A.S. was eliminated in the second and Yilport Holding A.S. in the third round. After the third round, bids were taken in accordance with the auction method. However, the companies then withdrew their offers as the opening auction value was set at $516 million, a figure seen as too high by the bidders.

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