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.
Greece-based shipping company Minoan Lines said recently, that its profit for 2015 had risen to 17.7 million euros primarily due to falling fuel prices.
Aiming to boost its presence in the Aegean transportation sector by gaining a majority stake in Hellenic SeaWays (HSW), Greek shipping giant Minoan Lines acquired over 4.5 million euros, or 3.91 percent, of total share capital in HSW, which formerly belonged to Interamerican Group.
