P&O Ferries is not expecting to be affected by the restructuring of its parent company, Dubai World.

On 25 November, the government of Dubai authorised the Dubai Financial Support Fund (DFSF) to spearhead a restructuring of the state-owned conglomerate.

A spokesman for P&O Ferries told IFW: "Dubai World owns hundreds of companies, and the way we are structured is that we are financially independent.

"This extends from what we do on a day-to-day basis right up to major investment in big ships.

"All our banking arrangements are independent to us, so although our parent is Dubai World, our day-to-day trading and long-term investments are taken care of ourselves.