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Greece's latest tourism industry news by Greek Travel Pages

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.

Five Ferry Lines Cooperate To Cut Costs

Greek coastal shipping companies look to copy some of the international airline moves to cut costs. Five Greek coastal shipping companies have decided to pool their forces to achieve economies of scale to prepare for the deregulation of the domestic passenger shipping market in 2004.

Committee Formed To Study Coastal Shipping Deregulation

Greek Merchant Marine Minister Christos Papoutsis last month set up an independent committee of respected personalities and experts to draft framework legislation for the deregulation of the country's coastal shipping sector.

Coastal Shippers Order 50 New Vessels

Within the next two years, the Greek coastal shipping sector will accept delivery of some 50 new ferry vessels. With these new fast ships, the time it will take to sail from Piraeus and Rafina to the Greek islands, and Italy, will be substantially reduced.

Mergers Turn 20 Ferry Lines Into Three, But Some Routes Monopolized

"Sales commission for travel agents has been reduced; there are fewer discounts available; special group rates have been abolished; and prices have risen more than 20% on some routes."