ABP Locks Long-Term Deal With P&O

Associated British Ports Holdings Plc (ABP) agreed to a long-term deal with P&O North Sea Ferries for the provision of a new state-of-the-art passenger terminal at the Port of Hull in north England. The terminal will accommodate the world's largest super-cruise ferries, being built by Italian shipbuilders Fincantieri, which are due to be delivered in April and December 2001.