SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2005
CP SHIPS LIMITED
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(Translation of Registrant's Name Into English)
2 City Place, Beehive Ring Road, Gatwick, West Sussex, RH6 0PA, United Kingdom
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(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F Form 40-F X
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Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-____________.)
This report furnished on Form 6-K shall be incorporated by reference into
each of the following Registration Statements under the Securities Act of 1933
of the registrant:
Form S-8 No. 333-13954
Page 1 of 5 Pages
Exhibits Index appears on Page 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CP SHIPS LIMITED
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(Registrant)
Date: 31 October 2005
By: /s/ JOHN M. BAKER
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Name: John M. Baker
Title: Secretary
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Exhibits Index
The following is a list of Exhibits included as part of this Report on Form
6-K.
Description of Exhibit Page
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10.1 Press Release of CP Ships Limited "CP KHANA 4
NAMED IN NHAVA SHEVA CEREMONY
FIRST OF NINE 4250 TEU NEWBUILDS ENTERS
SERVICE IN US EAST COAST-WEST ASIA SERVICE",
dated 30 October 2005
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Exhibit 10.1
CP KANHA NAMED IN NHAVA SHEVA CEREMONY
FIRST OF NINE 4250 TEU NEWBUILDS ENTERS SERVICE
IN US EAST COAST-WEST ASIA SERVICE
GATWICK, UK (30th October 2005) - CP Ships Limited today welcomed into service
the first of nine 4250 teu containerships ordered two years ago.
The ship was formally named CP Kanha after one of India's best-known national
parks by Mrs Poonam Puri, wife of Vaishnav Puri, who heads CP Ships'
commercial activities in India.
The naming ceremony took place at the Jawaharlal Nehru Container Terminal in
Nhava Sheva .
CP Kanha operates between US East Coast and West Asia and will be joined by
sister ship CP Corbett, also named after a well-known Indian national park,
when it is delivered in January 2006. CP Ships is also considering deploying a
third sister ship in this service during second quarter 2006.
"With the arrival of CP Kanha, we are demonstrating to our customers our firm
commitment to service excellence, including faster transit times, increased
capacity to accommodate volume growth and greater service efficiency overall,"
commented Juan Manuel Gonzalez, Executive Vice President Commercial.
CP Kanha is the first of nine ships being long-term chartered from Seaspan
Container Lines. The remaining eight, including CP Corbett, are currently
under construction at Samsung Heavy Industries in Korea. They are on schedule
for delivery between first quarter 2006 and second quarter 2007. CP Ships
already has 11 similarly sized ships in its fleet, bringing the total to 21 by
second quarter 2007.
CP Ships operates its direct weekly US East Coast-West Asia service as part of
a vessel sharing agreement. The port rotation is New York, Norfolk,
Charleston, Port Said, Suez Canal, Colombo, Nhava Sheva, Suez Canal, New York.
-ends-
ABOUT CP SHIPS
One of the world's leading container shipping companies, CP Ships provides
international container transportation services in four key regional markets:
TransAtlantic, Australasia, Latin America and Asia. Within these markets CP
Ships operates 38 services in 22 trade lanes. At 30th June 2005, its vessel
fleet was 82 ships and its container fleet 441,000 teu. Volume in 2004 was 2.3
million teu, more than 80% of which was North American exports or imports. CP
Ships also owns Montreal Gateway Terminals, which operates one of the largest
marine container terminal facilities in Canada. CP Ships is listed on the
Toronto and New York stock exchanges under the symbol TEU. For further
information visit www.cpships.com.
FORWARD-LOOKING INFORMATION
This press release contains certain forward-looking information and statements
within the meaning of applicable securities laws relating, but not limited, to
operations, anticipated or prospective financial performance, results of
operations, business prospects and strategies of TUI and CP Ships.
Forward-looking information typically contains statements with words such as
"consider", "anticipate", "believe", "expect", "plan", "intend", "likely" or
similar words suggesting future outcomes or statements regarding an outlook on
future changes in volumes, freight rates, costs, achievable cost savings, the
estimated amounts and timing of capital
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expenditures, anticipated future debt levels and incentive fees or revenue, or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance.
These statements are subject to known and unknown risks, uncertainties and
other factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. Although each of TUI and CP Ships
believes it has a reasonable basis for making the forecasts or projections
included herein, you are cautioned not to place undue reliance on such
forward-looking information. By its nature, the forward-looking information
involves numerous assumptions, inherent risks and uncertainties, both general
and specific that contributes to the possibility that the predictions,
forecasts and other forward-looking statements will not occur. These factors
include, but are not limited to, changes in business strategies; general
global, political and economic and business conditions, including the length
and severity of any economic slowdown in the countries and regions where the
companies operate, including seasonality, particularly in the United States,
Canada, Latin America, Australasia, Asia and Europe; the effects of
competition and pricing pressures; changes in freight rates; changes in
operational costs; industry over-capacity; changes in demand for container
shipping; congestion; availability and cost of chartered ships; changes in
laws and regulations, including tax, environmental, employment, competition,
anti-terrorism and trade laws; difficulties in achieving cost savings;
currency exposures and exchange rate fluctuations, fuel price and interest
rate fluctuations; changes in access to capital markets and other sources of
financing; various events which could disrupt operations, including war, acts
of terrorism, severe weather conditions and external labour unrest, all of
which may be beyond TUI or CP Ship's insurance coverages; compliance with
security measures by governmental and industry trade practice groups, the
outcome of civil litigation related to CP Ship's restatement of financial
results and the impact of any resulting legal judgments, settlements and
expenses, and the companies' anticipation of and success in managing the risks
associated with the foregoing.
The above list of important factors affecting forward-looking information is
not exhaustive, and reference should be had to the other risks discussed in
filings with securities regulators. TUI and CP Ships undertake 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.
CONTACTS
Investors
Jeremy Lee, VP Investor Relations and Public Affairs
Telephone: + 1 514 934 5254
Media
Elizabeth Canna, VP Group Communications
Telephone: +44 (0)1293 861 921 or +41 (0)79 691 3764
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