Minoan Lines subsidiary Minoan Flying Dolphins will reportedly order three more high speed ferries at a cost of $150 million, bringing its total newbuildings to eight. The three new ferries will have a cruising speed of 30 knots and are expected to be delivered in Summer 2001, doubling the company's fleet of high speed ferries. Each of the ferries will be 459 ft. (140 m) long and have a capacity of 1,800 passengers and 250 cars, or 40 trucks and 100 cars.
Minoan Flying Dolphins acquired four ferries operating on routes to the Cyclades islands and the Argosaronic gulf. The vessels, which link the port of Piraeus with Paros, Naxos, Ios and Santorini with route extensions to Sikinos, Astypalea and Folegandros are expected to contribute about $7.9 million in revenues to the firm's total turnover. The latest purchases bring the company's total fleet to 67 vessels.
Minoan Lines expects its group 1999 profit to grow 58 percent to $49.4 million. Company officials said that revenues from its Greece to Italy routes in the first 10 months of the year were up 15.1 percent to $71.9 million. Total revenues in the same period from its international routes were up 9.5 percent to $90.9 billion. "Based on the 10-month results, Minoan Lines managed to achieve significant revenue growth despite the Kosovo crisis which affected the first half results
Rescuers pulled bodies from the Aegean sea on Wednesday as the death toll from Greece's worst maritime disaster in 35 years climbed to at least 62. The ferry Express Samina ran into a rocky islet off the holiday isle of Paros and sank in gale-force conditions late on Tuesday. Hundreds of Greek and foreign passengers were hurled into the rough waters. Twenty-nine people were missing, the Greek Merchant Marine Ministry said.
A senior executive at the shipping company which owned a Greek ferry that sank in September killing 80 people, plunged to his death from the sixth floor of his office building on Wednesday, Reuters reported. Police said Pantelis Sfinias, vice president of the board of directors of Minoan Flying Dolphins, a subsidiary of Minoan Lines, was seen by passers-by and employees stepping off the building in the port of Piraeus
Derecktor Delivers Catamaran Ahead Of Time Derecktor Shipyards delivered its 299 ft. (91 m) high speed catamaran, Flying Cloud, to Woods Hole & Martha's Vineyard Steamship Authority. Completed one week ahead of schedule, the vessel will be used for year-round passenger and vehicle ferry service to the islands of Martha's Vineyard and Nantucket. Attaining an excess of 39 knots during sea trials, Flying Cloud demonstrated high stability and ride comfort due to its dynamic ride control
Greek ferry operator Minoan Lines said profit in 2000 fell 82 percent to 3.0 billion drachmas versus 16.8 billion in 1999. "The difference in the level of net profit this year is due to the extraordinary gains from the sale of old ships in 1999 which added around 8.5 billion drachmas," Minoan said. Sales in 2000 reached 46.6 billion drachmas against 46.3 billion in 1999, it said. - (Reuters)
Passenger shipping firm Minoan Lines has reportedly placed an order for a third ferry with Korean shipyards Samsung, to be delivered in May 2001. The vessel will enter service on the Piraeus-Chania route. The ferry will have a full-weight cruising speed of 28.25 knots and a capacity of 1,500 passengers and 1,000 cars or 150 lorries, it said in a statement. It will cruise between Piraeus and Chania in five hours.
A fire in the engine room of a Greek ferry carrying 531 passengers and 111 crew from Venice to the Greek port of Patras left the vessel out of control near the Italian coast, the Merchant Marine Ministry said. It said no one on the ferry Aretoussa, owned by Greece's Minoan Lines, was injured in the fire, which was quickly extinguished by the crew. - (Reuters)
The President of the European Parliament, Hans-Gert Pöttering, officially signed a European Parliament and Council Regulation that represents an important response to offshore tanker accidents and will lead to better protection of the seas and the environment. Under the new regulation, oil tankers transporting heavy oils will only be allowed to fly the flag of a European Union member state if they are double hulled. In addition, regardless of what flag they are flying
The Australian Transport Safety Bureau (ATSB) issued the report of its investigation into the foundering of the cargo ship Tycoon at Christmas Island on January 8, 2012. Heavy weather arose while the ship was in position at the inner moorings at Flying Fish Cove
Nexus Consulting release their updated best practice guidelines for maritime security firm selection by shipowners. “As the number of private maritime firms has grown from a handful just a few years ago to over a hundred today, we felt it was important to help shipping organizations get
Today in U.S. Naval History - May 16 1820 - Congress becomes first U.S. warship to visit China 1919 - Three Navy flying boats begin first trans-Atlantic flight from Newfoundland 1965 - First U.S. gunfire support in Vietnam by USS Tucker
The Maritime Association of South Carolina (MASC) contracts the Mariner Group's system for its port & stakeholder securtiy & operations management. CommandBridge™ has been choses as the cornerstone of MASC's Maritime Command and Control & Situational Awareness project.
An ex-Royal Navy officer’s converted warship has been seized by Spain amid fears he is a mercenary planning to fight pirates in Somalia. Former lieutenant Chris Enmarsh’s decommissioned gunboat Defender has been stopped from sailing since being forced to stop off in Tenerife for
Navy names new Scripps Research Vessel to honor the legacy of space explorer and UC San Diego Professor Sally Ride. U.S. Secretary of the Navy Ray Mabus announced the nation's newest research vessel will be named R/V Sally Ride, in honor of the former UC San Diego faculty member who was the first
Norsafe opened a new service station in Perth, Australia. This offers their customers better access to service, maintenance, spare parts and training for lifesaving systems in the region. The new establishment will strengthen after sales services and the supply of spare parts for Norsafe
Plymouth boatyard looks to refit Richard Branson's iconic 'Virgin Atlantic Challenger II' after the boat's 20-year absence from UK shores. Dan Stevens, a merchant navy master who also runs the Mount Batten ferry and harbour cruise vessels in Plymouth
METS organizer Amsterdam RAI invites government-approved, marine-related public charities to apply for the registration proceeds from the Design Award METS (DAME) competition. “We are hoping many charities will apply for this year’s fund,” said Irene Dros
Previously operated under the Liberian flag, the 7,100 TEU container ship has been re-registered with the EU-member nation. The Santa Cruz, which sails in the Europe South America East Coast liner service, is the first Hamburg Süd vessel to be entered in Luxembourg's shipping register
Tsakos Energy Navigation Limited – product, crude and LNG tanker operator – delivered the fully-coated DP2 shuttle tanker, the first of its kind internationally to fly the Greek flag, with a carrying capacity of 157,000 dwt, Rio 2016
Two tugboats detained in a Westcountry fishing port and condemned as unseaworthy slip out unseen, believed bound for Africa. An investigation has been launched after the sudden disappearance of the two 151-tonne former Ministry of Defence (MoD) "dog class" boats
Vietnam's Ministry of Transport (MOT) propose law be amended to enable scrapping of some 22 Vietnam owned ships flying flags of convenience. According to VietnamNet Bridge a recently released MOT report showed that there are many state-owned and private ships berthed in Vietnam
Leading international classification society Bureau Veritas has classed the first passenger ferry built in Bangladesh for a Danish owner and operation in Danish waters. The 147-passenger Isefjord was built by Western Marine Shipyard Limited in Chittagong
Secretary of the Navy Ray Mabus announces the Navy will go ahead with spending reductions to meet fiscal constraints imposed by sequestration. In ALNAV 014/13, Mabus outlined a variety of reductions in operations, training and maintenance, text is as follows: Navy plans to: