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
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
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.
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
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)
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.
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)
Most of the aluminium hull construction of one of the largest luxury catamarans in the world, the Sunreef 114, has been completed at Sunreef Yachts of Poland. This 31 ton, 114 ft lopng hull was turned and repositioned inside the shed so that the hull structure can be straightened and the next phase of the building process can be started. At present, a number of construction tasks are being performed simultaneously: the fly-bridge is being built and will be shortly assembled with the
Officials from the United States and the Marshall Islands are discussing "the way ahead" after Iranian patrol boats forcibly diverted a cargo ship flying a Marshall Islands flag into an anchorage in Iranian waters, the Pentagon said on Wednesday.
Having delivered its third 61 ft. patrol/rescue boat for the New York City Police Department (NYPD) last year, Gladding-Hearn Shipbuilding, Duclos Corporation, announced it has delivered the first of two 70 ft. Tactical Response vessels for the department’s Harbor Patrol Unit.
Philippine President Benigno Aquino, in remarks that follow Chinese warnings against Philippine flights over the South China Sea, said on Friday it was important to uphold the right to fly in that area. "It is in our interest to uphold the freedom of navigation and overflight in
The U.S. Coast Guard Cutter Eagle is scheduled to arrive at Berth 14 at Prince George Wharf in Nassau, Bahamas on Thursday, May 28 as part of its 2015 cadet summer training deployment. The Eagle will be open for free public tours May 28-30.
Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained. Tuvalu-registered 5,095 deadweight ton ship Kanton was being held in the Ukrainian port of Kherson
India and Japan have discussed a specialized 24-nation maritime construct to enable real-time sharing of data of all shipping including merchant and naval warships, operating in the Indian Ocean, parts of the Pacific Ocean and disputed waters of the South China Sea.
Hurricane-force winds lashed parts of northern Europe on Tuesday, including Germany and the Netherlands, causing flights to be cancelled, snarling some train services and hitting port traffic. The Dutch meteorological office issued a code red warning for the low-lying country's northern and
The US Navy is developing a duck-like drone, the Flimmer (Flying Swimmer), that can both fly and swim. The drone, it says, can reach operational areas more quickly by flying over the surface of the water. In addition to both a rear-facing propeller and wings
The Port of Duluth-Superior informs it is preparing to welcome its first oceangoing ship of the 2015 commercial shipping season, the Kom, the first “saltie” to have made a full transit of the 2,342-mile Great Lakes-St. Lawrence Seaway.
Hiab, part of Cargotec, declared Johnny Jensen from Denmark as the first ever World Crane Champion. The Competition was held today at the Commercial Vehicle Show in Birmingham, U.K. with a winning time of 2 minutes 18 seconds. Mr Jensen is taking away a prize of €25,000.
A 5-kilometer fun run will be held at Norway’s Nor-Shipping conference on June 1 to benefit The Mission to Seafarers. Starting in Oslo city centre, the scenic course will takes runners along the Oslofjord, finishing at the Norwegian Maritime Museum
The Danish container ship Susan Maersk has collided with the container ship Margret Oldendorff flying the Libyan flag. The 347 meter long, 110387 dwt container ship Susan Maersk and the 300 meter long, 208086 dwt bulk carrier Margret Oldendorff ran aground on the Suez Canal near the
The Shipbuilders Council of America (SCA), a national trade association representing the nation’s shipbuilding and repair industry is hosting a fly-in beginning today. More than 85 members of SCA will participate to share the strength of America’s shipbuilding and repair industry
A Chinese warship stationed near a reclaimed reef in a disputed part of the South China Sea aimed a "powerful light" at a Philippine military plane on a maritime patrol, Philippine military sources said on Thursday. On Monday, the Philippines showed journalists surveillance pictures
Board will review Mitsubishi project at meeting May 11 The Port of Long Beach has prepared the final environmental impact report for the Mitsubishi (MCC) Cement Facility Modification Project. The port’s Board of Harbor Commissioners will consider the adequacy of the final EIR at its