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Travel & Tourism industry news by Greek Travel Pages (gtp)

Nel Lines Acquires New Vessels and Merges with C-Link

As we go to press, shareholders of Nel-Lesvos Maritime are being asked to back a 23-million capital increase that will be used in part to acquire five used vessels. Two of the vessels are passenger ferries with Cypriot flags and three are ro-ro vessels under the Greek flag.

Superfast Purchases 10% of Minoan Lines

Attica Holdings (Superfast and Blue Star Ferries) announced late last month that it had reached an agreement with an Italian company, represented by Romano Artioili, for the acquisition of more than 6.7 million shares of Minoan Lines. The purchase represents 9.51% of the share...

Minoan to Triple Profits

By year-end, Minoan Lines expects to post triple the amount of its last year's net profit of 3.5 million euros. Highly placed company executives say that their forecast takes into account all of the negative factors of the economy that could affect coastal shipping.

Hellas Flying Dolphins Awaits Catamarans

Hellas Flying Dolphins says it will start off the new year with two new catamarans to be named Flyingcat 5 and Flyingcat 6. The new vessels are scheduled to ply the North Sporades linking the islands of Skiathos, Skopelos and Alonissos with the ports at Volos and Aghios Konstantinos.

New Era Dawns for Hellas Flying Dolphins

After several years in the doldrums, Hellas Flying Dolphins seems to have pricked the interest of Greece's major coastal shipping companies. Last month, under its new managing director, Gerasimos Stintzis, HFD announced an agreement whereby it would purchase two new vessels. And...

Major Changes in Greece’s Coastal Shipping Sector

Greek coastal shipowners have taken the bull by the horns and come hell or high water will attempt this year to settle the waters after almost three years of rough seas. For example, last month the Greek Coastal Shipowners Association issued an open threat to the Merchant Marine...

Flying Dolphins Back in the Black

After the last few years with red ink on its balance sheet, Hellas Flying Dolphins is back in the black with a net profit for 2003 of some 7.1 million euros, against a loss of 49.3 million euros the year before.

More Coastal Shipping Mergers And Alliances

Talk around the Piraeus harbor area these days centers on a plethora of meetings being held in a general effort to form new coastal shipping alliances and merges, such as the rumored alliance between Attica Enterprises (Superfast Ferries) and Minoan Lines. Then there's the merger...

Another Name Change For Flying Dolphins

In its heyday it was called Ceres Flying Dolphins, when purchased by Minoan it was Minoan Flying Dolphins, now that the tables have turned downward, the name of Greece's biggest hydrofoil fleet has been changed to Hellas Flying Dolphins.