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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.