Minoan Subsidiary Picks Up Three More Vessels

November 11, 1999

Minoan Lines' 70 percent-owned subsidiary Minoan Flying Dolphins has maintained its very active buying spree of late with the announcement that it has acquired three ferries from the shipping family Nomikos for an undisclosed amount. The ferries are F/B Anemos, F/B Lemnos and F/B Macedon. F/B Anemos services the sea route linking the port of Piraeus with the islands of Ikaria and Samos in the Dodecannese, also making stops in the Cycladic islands. The other two ferries operate in the routes to the Sporades island group. Minoan Flying Dolphins (MDF) said the three ferries have a combined annual turnover of about 2.05 billion drachmas ($6.51 million), carrying 300,000 passengers and 50,000 cars to the Sporades annually and 125,000 passengers to the Dodecannese destinations.

Minoan Subsidiary Picks Up Three More Vessels

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