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
The Liberian Maritime Authority has released the mandatory MLC Annual Report for 2013. This report confirms that Liberia’s approach to enforcement of the Maritime Labour Convention (MLC) 2006 has resulted in low deficiency rate for Liberian-flag ships, the group said.
Arleigh Burke-class guided-missile destroyer USS Paul Hamilton (DDG 60) rescued a stranded mariner Dec. 9 while operating south of the Hawaiian Islands. Paul Hamilton Sailors rendered assistance to Ron Ingraham after receiving a distress call from U.S. Coast Guard District 14's Honolulu Sector
Gamma Yachts has built its most customized Gamma 20 so far, with smart design from Vripack, to opera singer Andrea Bocelli. Gamma Yachts announced the delivery of 22.1-meter M/Y Libertas, the third in its Gamma 20 ‘mini’ super yacht series
Measures take effect on Saturday; aim is to keep pressure on Russia over Ukraine. The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.
RimorchiatoriRiunitiS.p.A. of Genoa (Italy) has taken delivery of a Damen ASD Tug 2411. The 70-metric-ton bollard pull azimuth stern drive tug will be temporarily deployed by Tug Malta Ltd., a full subsidiary of the Genovese towage company.
Today in U.S. Naval History - September 24 1918 - Ensign David S. Ingalls, USNR, in a Sopwith Camel, shoots down his fifth enemy aircraft, becoming the first U.S. Navy ace while flying with the British Royal Air Force. 1944 - 5th Fleet carrier aircraft attack Japanese in Visayas
On September 20, on KNRM station Texel a new lifeboat named Cornelis Dito type Fast Rescue Craft 903 - Twin was taken into service by the Royal Netherlands Lifeboat Organization (KNRM). The lifeboats a Fast Rescue Craft 903 - Twin, designed by Pieter Meuzelaar (Dutch Special Marine Group) and
A port operator has today (Monday 29 September) pleaded guilty to health and safety breaches, following the deaths of three crew members of a tug which capsized on the River Clyde in 2007. Clydeport Operations Ltd, who were sentenced at the High Court in Edinburgh
The U.S. Coast Guard launched several assets in response to a report of a fire on board a natural gas drill platform in Cook Inlet Thursday. The Coast Guard diverted a Coast Guard Hercules HC-130 crew and an MH-60 Jayhawk helicopter crew to conduct an overflight of the Baker Platform in Cook
The hydrofoil trimaran Hydroptere will try for another nautical record with support from biotechnology leader Finesse Solutions After a year resting in Long Beach, the Hydroptere returns to sailing. French and American sponsors are joined by a new partner: Finesse Solutions of Santa Clara
Danish Maritime Days was well visited, and there were many participants and great enthusiasm at the more than 50 events. Attendance at the many events tells that the maritime days were successful. Maritime VIPs at workshop in Nordhavnen
Unidentified drones illegally overflew five French nuclear power plants overnight, a source with knowledge of the matter said on Saturday, in the latest of a series of unexplained incidents that have raised safety concerns. The small unmanned aircraft were detected late on Friday above
HydroComp PropCad 2014 released HydroComp PropCad is software for geometric modeling of marine propellers for design and manufacture that provides automatic preparation of 2D design drawings, 3D offsets, thickness classification reports and CAD/CAM data
Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defense publication said on Friday. The construction has stoked concern that China may be
The M/V "MANSOUR M" with IMO number 7600586 has been banned for the 3rd time after subsequent detentions after the second refusal of access order in the Paris MoU region. The ship was detained on 31 October 2014 in the anchorage of Rhodes (Greece) and left on 3 November 2014