Ocean Group plc
Encyclopedia
Ocean Group plc was a major British
transport business. It was listed on the London Stock Exchange
and was a constituent of the FTSE 250 Index
.
, between the United Kingdom
and China
. It was generally known as Holts and had a trademark blue funnel on its ships. For many years it used Swire Group
as it shipping agents. In 1947 it formed Malayan Airways
.
It was first listed on the London Stock Exchange
in 1965. In 1969 it joined forces with British & Commonwealth Holdings, Furness Withy
and P&O
to form Overseas Containers Limited
to exploit the introduction of containerization
. In 1972 it acquired William Cory, a major shipping agent, and the following year, it changed its name to Ocean Transport & Trading. In 1986 it withdrew Overseas Containers Limited and in 1990 it renamed itself Ocean Group.
In 2000 it merged with NFC plc to form Exel plc
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
transport business. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The company was founded by Alfred and Philip Holt, as the Ocean Steamship Company, to provide a steamship service known as the Blue Funnel LineBlue Funnel Line
Alfred Holt and Company, marketed as the Blue Funnel Line, was founded by Alfred Holt on 16 January 1866.The main operating subsidiary was the Ocean Steam Ship Company, which owned and operated the majority of the company's vessels....
, between the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. It was generally known as Holts and had a trademark blue funnel on its ships. For many years it used Swire Group
Swire Group
The Swire Group is a transnational corporation headquartered in the Swire House in the City of Westminster, London, England. It controls a range of wholly owned businesses, including deep-sea shipping, cold storage, road transport, and agricultural activities. The current chairman is James...
as it shipping agents. In 1947 it formed Malayan Airways
Malaysia-Singapore Airlines
Malaysia-Singapore Airlines came into being in 1966 as a result of a joint ownership of the airline by the governments of Malaysia and Singapore. The airline ceased operations after 6 years in 1972 when both governments decided to set up their own national airlines...
.
It was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1965. In 1969 it joined forces with British & Commonwealth Holdings, Furness Withy
Furness Withy
Furness Withy was a major British transport business. It was listed on the London Stock Exchange.-History:The Company was founded by Christopher Furness and Henry Withy in 1891 in Hartlepool. This was achieved by the amalgamation of the Furness Line of steamers with the business of Edward Withy and...
and P&O
Peninsular and Oriental Steam Navigation Company
The Peninsular and Oriental Steam Navigation Company, which is usually known as P&O, is a British shipping and logistics company which dated from the early 19th century. Following its sale in March 2006 to Dubai Ports World for £3.9 billion, it became a subsidiary of DP World; however, the P&O...
to form Overseas Containers Limited
Overseas Containers Limited
Overseas Containers Limited was a container shipping company formed by a consortium of British shipping companies in 1965. It is not to be confused with Orient Overseas Container Line .-History:...
to exploit the introduction of containerization
Containerization
Containerization is a system of freight transport based on a range of steel intermodal containers...
. In 1972 it acquired William Cory, a major shipping agent, and the following year, it changed its name to Ocean Transport & Trading. In 1986 it withdrew Overseas Containers Limited and in 1990 it renamed itself Ocean Group.
In 2000 it merged with NFC plc to form Exel plc
Exel
DHL Supply Chain is a division of Deutsche Post providing contract logistics and value-added services.- History :On 14 December 2005 Deutsche Post announced the completion of the acquisition of Exel plc, becoming the global No. 1 in air freight, ocean freight and contract logistics...
.