Minoan Flying Dolphins Acquires Five Ferries

November 5, 1999

Minoan Flying Dolphins Acquires Five Ferries Minoan Flying Dolphins, a subsidiary of Minoan Lines, has acquired five used ferries that service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli, F/B Georgios, F/B Saronikos, F/B Eftyhia and F/B Express Danae. "The move implements part of the company's business plan in the Saronic routes, a market of about three million passengers annually," a Minoan Flying Dolphins spokesperson said, without disclosing the cost of the acquisitions. The spokesperson said the five ferries transport about 800,000 passengers and 100,000 cars and generate revenues of about $6.3 million annually. Minoan Lines plans to list Minoan Flying Dolphins on the Athens bourse in 2000.

Related News

Esgian Week 28 Report: Rig Activity Robust Gemini Alliance Held Up by FMC Probe Damen’s New Dredger Starts Work in Indonesia Ukraine Seizes Cargo Ship, Detains Captain for Exporting 'Looted' Grain CMA CGM Vessel Drops 44 Containers in Heavy Seas