Complex sentence: The disappearance of the Waratah near Durban in 1909 resulted in the commercial failure of the company, its ships were sold to P&O, and it was wound up in 1910.
Split into simpler sentences: The disappearance of the "Waratah" near Durban in 1909 resulted in the commercial failure of the company. Its ships were sold to P&O, and it was wound up in 1910.