Dubai Ports World, the state-backed ports operator, have agreed to acquire P&O for £3.3bn.
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P&O, the UK’s largest ports and ferries operator has received an approach from Dubai Ports World that could value the company at £3bn.
Britain’s largest ports and ferries operator, P&O, has received an approach from Middle Eastern rival Dubai Ports World (DPW). The move was announced yesterday and could value the company at £3Bn.
Historically, the technical breakthrough in intermodal freight transport came with the invention of the modern container (a steel box of a standard size, measured in 20ft equivalent units known as TEUs) by Malcolm Maclean in the 1960s.
