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

ABS and KOMERI Strengthen Maritime Technology R&D Cooperation Netherlands to Enlist Private Firms to Protect North Sea Assets from Russian Sabotage Poland to Boost Offshore Wind, Energy Security Norway's O&G Production Beats Expectations Australia and India Talk Maritime, Renewables at G20