P&O was a leader in the containerization movement with the
development of Overseas Containers Ltd. (OCL), which was established in 1965
by 4 British shipping companies (P&O with Ocean Steamship, British & Commonwealth and
Furness Withy). In 1986 P&O purchased the
remaining shares of OCL that was not already owned by it, switching the name to
P&O Containers Ltd.
In December 1996 P&O Containers merged with Royal Nedlloyd (Nedlloyd Line) to form a 50/50 joint venture, P&O Nedlloyd. P&O Nedlloyd expanded further in February 1998 with the purchase of Blue Star Line's container business and Tasman Express Line in February 1999. The company also acquired the container business of Farrell Lines in June 2000 and Harrison Line in September 2000.
In December 1996 P&O Containers merged with Royal Nedlloyd (Nedlloyd Line) to form a 50/50 joint venture, P&O Nedlloyd. P&O Nedlloyd expanded further in February 1998 with the purchase of Blue Star Line's container business and Tasman Express Line in February 1999. The company also acquired the container business of Farrell Lines in June 2000 and Harrison Line in September 2000.
In 2004, Royal Nedlloyd bought the remaining shares from P&O and the company was listed as Royal P&O Nedlloyd on the Dutch stock exchange.
On May 2005, Maersk launched its plans to buy P&O Nedlloyd for €2.3 billion. The acquisition was completed on August 13, 2005. Royal P&O Nedlloyd shares ended trading on September 5 of the same year. On February of 2006, the new merged companies took on the name Maersk Line.
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