connect with us
A Service by: GREEK TRAVEL PAGES
 

Market Expects Major Changes in Local Ferry Ownership

Crete-based Minoan Lines appears to be in the center of a shake up in Greece's coastal shipping sector. Last month, the activity of the Minoan shares on the Athens Stock Exchange, and subsequent press stories, has led most to believe that Attica Enterprises (Superfast Ferries and...

Superfast XII to Set Sail to Heraklio

Attica group recently applied to the Ministry of Mercantile Marine, the Aegean and Island Policy in order for the Superfast XII to serve the Piraeus-Heraklio route. Minoan Lines and ANEK currently operate the Piraeus-Heraklio route and serve some 1.4 million passengers (2007),...

Attica Holdings Sells Its Shares Of Hellenic Seaways

Attica Holdings (Superfast and Blue Star Ferries) last month announced the sale of 9.6m shares, or 12.3% of the share capital, of Hellenic Seaways, to Amadeus Navigation in return for 21m euros, which amounts to 2.20 euros per share. These shares represent the total investment of...

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.

Competitive Bidding for Hellenic Seaway Shares

Bid proposals for Minoan Lines' 33.3 percent share in Hellenic Seaways (HSW) were the buzz on the coastal shipping market last month. Proposals have been submitted by ship-owner Panos Laskaridis (Laskaridis Group) who already controls 17 percent of HSW, Apostolos Ventouris of Nel...

Minoan Narrows Loss

Ferry operator Minoan Lines narrowed its first-half loss to 6.2 million euros from 6.7 million euros in the year-earlier period, the company said in a announcement last month. Group revenues rose 4.6 percent to 83.4 million euros, while earnings before interest, tax, depreciation...

Ferry Company Mergers Foreseen

Piraeus-based XRTC Business Consultants says it expects more mergers and cooperation agreements within the Greek coastal shipping arena.

Minoan Doubles Profits

Minoan Lines announced recently that it managed to more than double its net profit for last year despite a drop in traffic on Adriatic routes and less-than-expected passenger loads on the domestic routes, especially in the summer months during the Athens Olympics period.

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...

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...

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...

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.

Attica Hotels Experience At Least One Good Month

For the month of August at least, hotels in the general and greater Athens region managed to do well with their average occupancy rate hitting 95% during the Olympic Games, says the Attica Hoteliers’ Association.

HATTA Sides With Traveling Public

An Athens court recently ruled in favor of an injunction brought by the Hellenic Association of Tourism and Travel Agents against the Media & Travel Group, which distributes Travel Card, advertised as offering discount accommodation in over 300 hotels throughout Greece.

Additional Reservation System for Superfast and Blue Star Ferries

Along with their own booking systems for domestic and international ferry routes, Superfast Ferries and Blue Star Ferries now have their routes on the FORTHcrs reservation system. An agreement between Attica Enterprises, which controls both above mentioned ferry lines, and the...

Minoan Places Newest Vessel On Patras-Ancona Route

Just three days before Christmas, Minoan Lines placed its newest high-speed vessel, Olympia Palace, on the Patras-Ancona route. The Olympia Palace is the fifth new vessel the Crete-based ferry line launched during 2001.

Sarbre And Forthnet Subsidiaries Sign Strategic Cooperation Agreement

The commercial cooperation between FORTHcrs, a Forthnet subsidiary, and Sabre Hellas, a Sabre Inc. subsidiary, is now official. Both parties announced a cooperation agreement last month that centers on new and complete solutions in electronic booking and ticket issue.

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...

Greece Stars At ITB 2000

With a pavilion of 800 square meters that hosted some 60 Greek tourism enterprises, Greece stood out as one of the big stars at this year's ITB Berlin tourism fair. According to the 60-plus exhibitors from here, Greece will welcome a record number of German visitors this year.

DANE Considers Thessaloniki-Kusadasi Connection

Cooperation with Turkish businessmen to establish a connection between Kusadasi and Thessaloniki was considered at a recent meeting in Istanbul between Greece's DANE lines and the president of the Greek-Turkish Council Iakovos Geronikolas.