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TUI-CP-Ships, 3rd Writethru, Bgt, .. #####..REUSE STORY ID..!!!!...#### CP Ships, a major competitor to TUI's Hapag-Lloyd unit, had been on the auction block for several months and rumours had the London-based freight giant being courted by Asian and European companies. CP Ships is incorporated in Saint John, N.B., with its executive team based at Gatwick, England - near London. CP Ships (TSX:TEU) is one of the world's leading container shipping companies, and owner of Montreal Gateway Terminals which operates one of the largest marine container terminals in Canada. www.cbc.ca /cp/business/050821/b082120.html   (860 words)

MITEM Case Study - CP Ships CP Ships, the London-based subsidiary of Toronto parent Canadian Pacific, is now a major player in the global container shipping business with $2.6 billion (US) in revenue. With its rapid acquisitions, CP Ships has found itself as the parent of six separate companies, all of which were typically former competitors in one form or another. CP Ships had an acute need to deliver rapid and visible changes across a technical environment that uses IBM OS/390, HP Unix, and IBM AS/400 platforms. www.mitem.com /resources/caseStudies/cpShips.asp   (770 words)

CP SHIPS LTD - TEU Report of Foreign Issuer (6-K) Exhibits Index CP Ships generally charters space when it enters a new trade lane, if the anticipated economic benefits of deploying its own ships do not justify the size or risk of the investment or where CP Ships' volumes in that particular trade lane are likely to be initially small. CP Ships' owned ships are insured with a group of major insurance companies for physical damage (hull and machinery insurance), including war and terrorist risks, and total loss up to their full individually declared values on an annual basis. CP Ships' operations are materially affected by government regulation in the form of international conventions, national, state and local laws and regulations in force in the jurisdictions in which the ships operate, as well as in the country or countries of their registration. sec.edgar-online.com /2004/09/07/0000905148-04-003890/section3.asp   (12956 words)

CP Ships strengthens executive management   (Site not responding. Last check: 2007-10-11) Within these markets CP Ships operates 34 services in 21 trade lanes, most of which are served by two or more of its seven readily recognized brands: ANZDL, Canada Maritime, Cast, Contship Containerlines, Italia Line, Lykes Lines and TMM Lines. CP Ships has a fleet of 76 ships and 421,000 teu in containers. CP Ships' stock is traded on the Toronto and New York stock exchanges under the symbol TEU. www.forrelease.com /D20040601/to092.P1.06012004124217.22656.html   (506 words)

TUI to buy CP ships   (Site not responding. Last check: 2007-10-11) CP Ships rose 43 cents, or 1.9 percent, to C$23.60 in Toronto, the highest close in almost 14 months, valuing the company at C$2.13 billion ($1.76 billion). CP Ships trades at about 15.2 times earnings, compared with the industry's average multiple of 9.9, Bloomberg data shows. CP Ships, which was spun off from Canadian Pacific in 2001, has a fleet of 82 ships able to carry a combined 441,000 containers measuring 20 feet each. biz-day.com /read/economy/03_may_05/zxjr7-a/...   (312 words)

CP Ships -   (Site not responding. Last check: 2007-10-11) CP Ships has a Security Task Force with membership drawn from key activities such as marine and terminal operations, information technology, business process improvement, customer service, human resources, training and communications. CP Ships also has a Security Awareness training program that is required for all members of staff as well as a Security Orientation Program for new employees. CP Ships ensures high standards of operational security by reviewing and updating company security programs regularly and by working with customers, intermodal transportation partners, marine terminals and ship managers to foster security awareness. www.cpships.com /OurBiz/Security/security.cfm   (407 words)

CP Ships Limited stock - The gift of a single share.   (Site not responding. Last check: 2007-10-11) Within these markets CP Ships operates in 24 trade lanes, most of which are served by two or more of CP Ships' six readily recognized brands: ANZDL, Canada Maritime, Cast, Contship Containerlines, Lykes Lines and TMM Lines. CP Ships started in 1886 when Canadian Pacific established an ocean shipping service to Asia to generate volume for the Pacific terminal of its newly completed trans-Canada railway. CP Ships' ship fleet as of June 30, 2001 consisted of 85 mainly medium-sized ships. www.singleshare.com /stocks/teu.shtml   (135 words)

Daily News CP Ships says freight rates grew 7 percent over the same quarter a year ago and were even 6 percent ahead of this year's second quarter, a pace the company expects to keep up for at least the near future. CP Ships is facing the same cost pressures that are hitting the rest of the liner trade but the growing volumes and rates are coming at an important time, giving the company something of a cushion as it sorts through a restatement of finances going back to 2002. CP Ships says it has taken steps "to strengthen our internal controls" and has a task force working on accounting issues, including compliance with the Sarbanes-Oxley Act and implementation of a financial accounting system from SAP. www.trafficworld.com /news/dailynews/11222004d.asp   (302 words)

CP Ships accepts offer for US $2 billion in cash : ArriveNet Press Releases : Business   (Site not responding. Last check: 2007-10-11) CP Ships shareholders are advised to read the TUI Offer and Circular, the CP Ships Directors' Circular recommending acceptance and other offer documentation, all expected to be available within the next two weeks and which will be filed with the Canadian securities commissions and the By its nature, the forward-looking information of CP Ships involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. CP Ships undertakes no obligation, except as required by law, to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise, or the above list of factors affecting this information. press.arrivenet.com /bus/article.php/683870.html   (1177 words)

CP Ships Limited   (Site not responding. Last check: 2007-10-11) CP Ships is a corporation organized and subsisting under the laws of New Brunswick with its head office located at 62-65 Trafalgar Square, London WC2N 5DY; CP Ships is a reporting issuer (or equivalent) in each province and territory of Canada, is registered with the U.S. Securities and Exchange Commission in the United States and its common shares are listed and posted for trading on the Toronto Stock Exchange and the New York Stock Exchange; CP Ships has developed the Insider Trading Policy to ensure that its directors, officers and designated employees who are "insiders" under the Legislation are aware of their responsibilities under the Legislation and to assist them in complying with the Legislation; www.msc.gov.mb.ca /orders/cp_ships.html   (781 words)

Interview with Jeremy Lee, CP Ships Ltd: TWST CP Ships may call the notes for cash at any time after 3rd July 2009 while holders of notes may put the notes to CP Ships in exchange for cash on 30th June 2009, 30th June 2014 and 30th June 2019. With regards to 2005, ship capacity is presently expected to increase by about 11%, but providing demand keeps pace, which depends on both global GDP growth and Chinese exports remaining strong, the industry may enjoy a longer, stronger cycle than in the past. For 2006, ship capacity is expected to grow about 12% but many Asian yards, which build most large ships over 4000 teu, are already full with it now taking over 3 years to deliver a ship from the time it is ordered. www.twst.com /notes/articles/lzu026.html   (1131 words)

[No title]   (Site not responding. Last check: 2007-10-11) CP Ships is incorporated in Saint John, N.B., with its executive team based at Gatwick, England — near London. Although CP Ships believes it has a reasonable basis for making the forecasts or projections included in this report, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, the forward-looking information of CP Ships involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. lycos.cs.cmu.edu /info/cp--cp-ships.html   (361 words)

=> Nachrichten | CP Ships reports strong increase in quarterly operating and net income <= At 30th September 2005, CP Ships was in compliance with its covenants and expects to remain in compliance throughout 2005 based on current projections. CP Ships has, consistent with management's ongoing efforts to rationalize legacy accounting systems and to improve financial reporting and disclosure controls and procedures, introduced a new SAP financial accounting system in the majority of its brands with effect from 1st January 2004. A substantial proportion of CP Ships' container shipping operations costs such as inland transport and empty container positioning has to be estimated for each period and is included in the period end balance sheet as accruals. www.finanznachrichten.de /nachrichten-2005-11/artikel-5576398.asp   (7013 words)

Lerach Coughlin | CP Ships | Press Release CP Ships is a container shipping company offering its customers door-to-door, as well as port-to-port, containerized services for the international transportation of a range of industrial and consumer goods, including raw materials, semi-manufactured and finished goods. The complaint alleges that during the Class Period, defendants caused CP Ships’ shares to trade at artificially inflated levels through the issuance of false and misleading financial statements. As a result of this inflation, CP Ships was able to complete a convertible note offering, raising net proceeds of $200 million and obtain a new $525 million credit facility. www.lerachlaw.com /lcsr-cgi-bin/mil?case=cpships   (543 words)

RedNova News - Technology - CP Ships Accepts Offer for US Billion in Cash   (Site not responding. Last check: 2007-10-11) TUI's offer to acquire CP Ships is subject to customary closing conditions including acceptance by shareholders representing two thirds of the outstanding CP Ships shares and the receipt of necessary regulatory approvals in Canada, the United States, Europe and certain other countries. At 30th June 2005, CP Ships' vessel fleet was 82 ships and its container fleet 441,000 teu. CP Ships is listed on the Toronto and New York stock exchanges under the symbol TEU and also in the S&P/TSX 60 Index of top Canadian publicly listed companies. www.rednova.com /news/display/?id=214815&source=r_technology   (1171 words)

Bloomberg.com: Canada CP Ships, which was spun off from Canadian Pacific Ltd. in 2001, has a fleet of 82 vessels able to carry a combined 441,000 containers measuring 20 feet each. CP Ships is incorporated in Saint John, New Brunswick, with its corporate management in the U.K. Hapag-Lloyd is Europe's fourth-biggest shipping line by capacity, operating 34 vessels. CP Ships rose 43 cents, or 1.9 percent, to C$23.60 in Toronto, the highest close in almost 14 months, valuing the company at C$2.13 billion ($1.76 billion). www.bloomberg.com /apps/news?pid=10000082&sid=aVqGO5AsUL04   (873 words)

CP Ships updates earnings guidance   (Site not responding. Last check: 2007-10-11) Based on preliminary estimates, CP Ships expects its 2004 full year net income to be in the $70 to $73 million range, before unusual charges of $5 million. In reporting third quarter results on 15th November 2004, CP Ships expected 2004 net income to be similar to 2003's $82 million before restatement. As of 30th September 2004, CP Ships' vessel fleet was 81 ships and its container fleet 457,000 teu. www.forrelease.com /D20050128/to142.P1.01282005062757.04299.html   (427 words)

INSIDE BUSINESS - The Hampton Roads Business Journal Canadian-Pacific Ships Ltd., which is headquartered in London but listed on the Toronto and New York stock exchanges, is the buyout target of an alliance between CMA CGM and China Shipping Container Lines Co. Ltd., the Hong Kong-listed container shipping division of China Shipping Group, based in Shanghai. CP Ships is expected to choose a suitor by the end of September. CP Ships owns seven active shipping lines, including Lykes Lines, and 460,000 20-foot equivalent units, the measure for international shipping containers ranging in size from 20 feet to 53 feet. www.insidebiz.com /output.cfm?ID=3831170   (621 words)

TUI extends CP Ships Offer CP Ships shareholders are advised to read the Notice of Extension, the Offer and Circular, the Directors' Circular and related documents which have been filed with the Canadian securities commissions and the United States Securities and Exchange Commission as they contain important information. At 30th June 2005, CP Ships' vessel fleet was 82 ships and its container fleet 441,000 TEU. CP Ships is listed on the Toronto and New York stock exchanges under the symbol TEU and also in the S&P/TSX 60 Index of top Canadian publicly listed companies. www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-07-2005/0004163947&EDATE=   (1218 words)

CP SHIPS LTD - TEU Report of Foreign Issuer (6-K) FINANCIAL STATEMENTS Depreciation on ships is calculated on a straight-line basis at rates to reduce the book value of each ship to its estimated residual value by the end of its estimated useful life which is considered to be 25 years. CP Ships intends to defend vigorously this action and does not believe any liability will be incurred and accordingly, no provision has been made in the financial statements with respect to this matter other than for legal costs. CP Ships stock held by the Rabbi Trust is classified as treasury stock and is excluded from the average number of common shares outstanding. sec.edgar-online.com /2004/08/17/0000905148-04-003563/section11.asp   (9089 words)

Hapag-Lloyd - CP Ships Archive CP Ships Limited today announced that one year after launching fortnightly service between Asia and Australia, it plans to double the frequency to weekly through a vessel sharing agreement with Yantai Marine (SYMS). CP Ships Limited announced today that the investigation by Staff of the Ontario Securities Commission into matters related to the restatement of prior period financial results announced by the Company in August 2004 and into stock trading activities in May and June 2004 by certain officers of the Company has now been completed. CP Ships Limited today announced that it plans to re-brand its container shipping services under the CP Ships name and retire its seven operating brands by the end of the year. www.hapag-lloyd.com /en/pr/newsarchive_main_hlcl.html   (1001 words)

SAP ERP System Uncovers $41M in Accounting Errors - Computerworld CP Ships rolled out the SAP-based system to five of its seven lines of business in January, Chief Financial Officer Ian Webber said during a webcast briefing about the restatement and the company's second-quarter results. CP Ships said it doesn't expect the last phase of the rollout to result in "any significant transition issues" at the remaining units, one of which is already running an earlier version of SAP's financial software. CP Ships Chairman Ray Miles said during the webcast that the company's numbers appeared to be valid until July, in part because of the delays in processing cost data. www.computerworld.com /softwaretopics/erp/story/0,10801,95702,00.html   (917 words)

[No title]   (Site not responding. Last check: 2007-10-11) CP 2003 included a technical programme, where presentations of theoretical and application papers, as well as invited papers and advanced tutorials, aim at describing the best results and techniques in the state of the art of constraint programming. Moreover, CP 2003 continued the tradition of the CP doctoral programme, in which a group of Ph.D. students present their work, listen to tutorials on career and ethical issues, and discuss their work with senior researchers via a mentoring scheme. TUI, which owns the Hapag-Lloyd shipping line, said over the weekend it had agreed a 1.7-billion-euro ($2 billion) deal to buy CP Ships, a freight shipping giant spun off from the Canadian Pacific conglomerate a few years ago. lycos.cs.cmu.edu /info/cp.html   (718 words)

Bloomberg.com: Top Worldwide   (Site not responding. Last check: 2007-10-11) CP Ships trades at about 15.2 times earnings, compared with a shipping industry average of 9.9 times, according to Bloomberg data. CP Ships, which was spun off from Canadian Pacific Ltd. in 2001, has a fleet of 82 ships able to carry a combined 441,000 containers measuring 20 feet each. CP Ships had a record quarterly profit of $33 million in the three months to June. quote.bloomberg.com /apps/news?pid=10000006&sid=aZhazqBEE_qY&refer=home   (938 words)

Houseflags of the Canadian Pacific Companies On 28 April 2005 it was announced the shipping activities were to be combined under a single identity of CP Ships Ltd. This involved the disappearance of seven brand names with their separate liveries being combined under a return to the original flag checky design of 6 white and red as shown by Al. It has just [19.10.2005] been announced that CP Ships have been taken over by TUI A.G. which is the parent company of Hapag-Lloyd. Canadian Maritime is one of the "brands" of CP Ships Ltd. which disappeared under the 28 April 2005 decision. flagspot.net /flags/ca~hfcp.html   (986 words)

Investor's Business Daily: Breaking News TUI, the parent of Hapag-Lloyd, plans to combine Hapag-Lloyd and CP Ships to create the world's fifth-largest container shipping company with a fleet of 139 ships (and a further 17 on order) for a capacity of approximately 400,000 teu on over 100 routes spanning the globe. TUI's offer to acquire CP Ships is subject to customary closing conditions including acceptance by shareholders representing two thirds of the outstanding CP Ships shares and the receipt of necessary regulatory approvals in Canada, the United States, Europe and certain other countries. CP Ships undertakes no obligation, except as required by law, to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise, or the above list of factors affecting this information. www.investors.com /breakingnews.asp?journalid=31089206   (1444 words)

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