Greek coastal shipping company Minoan Lines posted robust net after-tax profit for the first half of 2018 at 1.9 million euros, with turnover at 35.9 million euros.
The focus of Minoan Lines is now on Greece, its managing director Antonis Maniadakis said following the announcement that the company had exited the Adriatic service.
Grimaldi Group company Minoan Lines announced that it will stop serving the Patra-Ancona route after 35 years, limiting its operations exclusively to the Greek domestic market.
ANEK Lines expressed its support to actions and initiatives that will improve and strengthen the future of coastal shipping in Greece during an event on “Designing the Coastal Shipping Network” held recently at the company’s conference center in Chania, Crete.
Greek ferry fares are set to increase by 27 percent if the government implements environmental measures, according to the Greek Shipowners Association For Passenger Ships.
Greece’s passenger shipping market is lagging behind, according to the latest research findings released by the Economic Research & Sectorial Studies department of consultants ICAP Group.
Greek ferry operator Minoan Lines recorded improved net profits to the tune of 12.2 million euros in the first half of 2016 up by 6.4 million euros compared to the same period last year.
Ferry traffic to the Greek islands has picked up pace by 6.9 percent in peak season (June 1-August 18) compared to the same period last year, according to Shipping and Island Policy ministry data.
Attica Group announced last week that it is planning to include two new ships to its fleet while its subsidiary Superfast Ferries celebrates two very active decades sailing Greek and Italian waters with the addition of new destinations in the Mediterranean, Northern Europe and...
As part of its fleet expansion program, Attica Group announced on Wednesday, that its subsidiary Blue Star Ferries received the Blue Galaxy under a long-term charter agreement (bareboat) from Hellas 2 Leasing.
