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
An Ohio-class ballistic missile submarine assigned to Submarine Group 9 completed a Follow-on Commander's Evaluation Test (FCET) Feb. 16, resulting in four successful test flights of Trident II D5 missiles. Designated FCET-53, the operation spanned a three-day period.
Two Azistern 3270 tugs designed by Offshore Ship Designers (OSD) have been delivered to their new owner, PACC Offshore Services Holdings Limited (POSH Singapore), the Asia-based international offshore support vessel operator. Posh Husky and Posh Hardy were built at Paxocean Shipyard in
INS Viraat, the world’s oldest aircraft carrier and the flag ship of the Indian Navy, was decommissioned on Monday after serving for 30 years in the Indian Navy. INS Viraat holds the world record as mentioned in the Guinness Book of records for being the longest serving
The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 deadweight tons (DWT), making it the second largest registry in the world in terms of DWT. International Registries, Inc. and its affiliates (IRI) have provided administrative and technical support to the RMI Registry since
The author, 14-year-old Caleb Biney, is one of 39 Kid Reporters in the Scholastic News Kids Press Corps. He reports “news for kids, by kids” from onboard Mercy Ships in Africa. My parents volunteer for Mercy Ships. Founded in 1978 by Don and Deyon Stephens of Lindale, Texas
Italian cargo shipowner Giuseppe Bottiglieri Shipping Co. SpA has filed for court protection while it works on a restructuring plan reports WSJ. The Naples company cited "the unprecedented world freight market crisis" that has weighed on profits across the
Asian luxury cruise line Dream Cruises said it will homeport its inaugural vessel, Genting Dream, year-round in Singapore from December 3, 2017. Christened in November 2017, Genting Dream currently sails from Hong Kong or Guangzhou. With the move, the 151
Early in January HMAS Leeuwin set sail from Cairns to begin a transit to conduct military data gathering operations in the Bass Strait. A number of Australian Navy Cadets and family members for ship's company joined the ship for the first day of the deployment.
Emergency responders have launched an urgent rescue mission to Antartic waters to evacuate a cruise ship passenger who is suspected to have suffered a stroke early Monday morning. Working closely with the U.S. Antarctic Program and the vessel’s operator and crew
A benchmark analysis shows that Denmark has 33 special requirements for ships flying the Danish flag, a number which the Danish Maritime Authority (DMA) seeks to scale back as it aims to create a more favorable environment for shippers. “Denmark is characterized by quality shipping and
Sparks are flying on the keel of the $1.9 million, 57-foot aluminum fisheries research vessel for the U.S. Fish and Wildlife Service (USFWS), at Moran Iron Works (MIW). The project was announced in November of 2016 when the two parties met for an inaugural meeting in Onaway
A cruise ship crew came to the rescue of six men from a leaky Tongan fishing boat, who had not had water for three days. The Rescue Coordination Centre of New Zealand organized for the German cruise ship Albatros to change course at 5 a.m
Togo has acceded to two International Maritime Organization (IMO) treaties dealing with unlawful acts against the safety of maritime navigation, and the control of harmful anti-fouling systems on ships. The SUA Protocol covers acts including the seizure of ships by force
Louis Dreyfus Armateurs Group (LDA) said it has ordered a wind farm service operation vessel (SOV) from Cemre shipyard in Turkey. The vessel will be delivered in Q4 2018 and chartered to DONG Energy Wind Power A/S for operations at four wind farms off the German coast (Borkum
Austal successfully completed acceptance trials on USNS Yuma, Expeditionary Fast Transport (EPF 8), January 26, in the Gulf of Mexico returning with a broom flying from the mast indicating a “clean sweep”. Yuma is slated for delivery to the U.S