News / DP World buys back P&O Ferries, ten years after selling it

DP World has re-acquired P&O Ferries for $322m ($421m), 10 years after it sold the operator to Dubai World.

In 2006 port operator DP World acquired the UK-based P&O group and sold some divisions, including P&O Ferries, during the height of the financial crisis.

Now, the decision to buy back P&O Ferries came as a shock to some in the shipping industry.

“It certainly came as a surprise, but I suppose there are as many potential upsides as there are risks in this ...