P&O Nedlloyd Container Line Limited was an Anglo-Dutch worldwide ocean-going container shipping line, with dual headquarters in London and Rotterdam. The company was formed in 1997 by the merger of the container-shipping interests of Dutch transportation company Royal Nedlloyd (Nedlloyd Line) and the British maritime shipping giant P&O Group (P&O Containers). In 2004, Royal Nedlloyd bought the remaining shares from P&O and the company was listed as Royal P&O Nedlloyd on the Dutch stock exchange. Royal P&O Nedlloyd was acquired by the Danish A.P. Moller-Maersk Group (Maersk) in 2005 and was combined with their existing container shipping business Maersk-Sealand to form Maersk Line. As Sealand was the USA based historic innovator of container shipping, Maersk Line subsequently embodies the Dutch, British as well as Danish and American merchant marine legacy. History The company, P&O Nedlloyd, a 50/50 joint venture was formed in December 1996; when P&O Containers Limited (formerly OCL), a British shipping giant merged its container-shipping interests with the Dutch container transportation company, Royal Nedlloyd Lines. P&O Nedlloyd was the largest partner in the Grand Alliance, which also included shippings concerns such as OOCL, Hapag Lloyd and NYK Lines. Expanding in 1998, the line purchased Blue Star Line's container business. The company also acquired the container business of Harrison Line (based in the UK). Further expansion came with the buyout of Farrell Lines (US-based) in 2000. In 2001, after three years of negotiations, an attempt to make P&O Nedlloyd failed. With Philip Nevill Green at the helm Anglo-Dutch boardroom balancing got a different rational and in April 2004 Royal Nedlloyd purchased the 25% shares of P&O Nedlloyd from P&O and exchange the remain 25% shares holds by P&O with 25% shares of the newly formed listed company, makes Royal Nedlloyd is the major shares holder. The company was listed on the Euronext Amsterdam as Royal P&O Nedlloyd NV. By the end of 2003 Royal P&O Nedlloyd was operating its worldwide business according to standardised global processes and a single IT application called 'FOCUS', which included all commercial, operational as well as financial activities. In May 2005 Maersk announced plans to purchase P&O Nedlloyd for 2.3 billion euros. At the time of the acquisition, P&O Nedlloyd had 6% of the global industry market share, and Maersk-Sealand had 12%. The combined company would be about 18% of world market share. Maersk completed the buyout of the company on 13 August 2005,