Complex sentence: On the 17 December 2012 her P&O livery, house flag and name were painted out and it was reported that Transeuropa Ferries had bareboat-chartered her for three years.
Split into simpler sentences: On the 17th December 2012 her P&O livery, house flag and name were painted out. It's been reported that Transeuropa Ferries have chartered her for three years.