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Greek Shipping Restructures To Deal With Crisis, Debt

Greece’s financial crisis has taken its toll on one of the country’s strongest sectors, shipping, with five of the country’s largest companies selling off a total of 16 vessels and seeing their fleet reduced from 81 ships in 2008 to 65 at the end of 2013, a recent study by XRTC...
Posted On 05 Nov 2014
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The panel organized to announce the conclusions of last month's Coastal Shipping Forum: Nikos Lakiotis of the Piraeus Chamber; Michalis Sakellis, managing director of Blue Star Ferries and president of the Union of Coastal Passengership Owners; Yiannis Evangelou, president of the Hellenic Association of Travel and Tourist Agencies (HATTA); and Kyriaki Palasi, HATTA's special consultant for shipping matters.
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Government Responsible for Inadequate Ferry Routes

Tourism and shipping industry speakers said Greek passenger ferries and dozens of popular Aegean island ports must urgently improve if this Mediterranean country is to continue to see strong increases in tourism arrivals. At a recent press call to announce the conclusions of last...
Posted On 01 Apr 2007
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Ferry Ticket Prices Liberalized

Legislation to liberalize ferry ticket prices for third class fares and vehicles was signed by the Ministry of Merchant Marine, and includes ferries departing from the ports of Pireaus, Rafina, Lavrio, Kimi, to and from Elefsina, and from Patra to Kerkyra.
Posted On 01 Jun 2006
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Superfast Group Continues to Increase Revenue

Attica Holdings, the holding company for Superfast Ferries, announced last month that its financial results for the nine months to 30th September, 2005, show turnover of 306.5 million euros and earnings before interest and depreciation 89.7 million euros, both up slightly...
Posted On 01 Dec 2005
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Blue Star Ferries Back in the Black
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Blue Star Ferries Back in the Black

Blue Star Maritime S.A. last month announced that first half results for 2005 show a marked improvement over the same period last year. The Greek ferry line said that earnings before interest, tax, and depreciation increased by 19% and stand at €11.1 million, while net profit...
Posted On 01 Oct 2005
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Blue Star 2 Most Popular Ferry on Piraeus-Chania Route

The newest ferry vessel on the Piraeus-Chania route, the Blue Star 2, has managed to sail ahead of all its competitors. For the month of December, Blue Star 2 increased travel on the route by some 43% and increased cargo transport by about 31%, when compared with the same month...
Posted On 01 Feb 2004
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The Sbokos family, owners of the new Blue Palace on Crete, with Roeland Vos (left), Starwood Hotels & Resort's president for Europe, Africa and the Middle East.
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Blue Palace Enters Luxury Collection

The Blue Palace Resort & Spa at Elounda on Crete as of January entered the privileged club of distinctive hotels when it became a member of the Starwood Luxury Collection. The collection is classed as "the world's most extraordinarily unique of hotels and resorts." Blue Star...
Posted On 01 Jan 2004
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