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.
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
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)
Technip has been awarded a substantial (1) EPIC (2) lump sum contract by BP Trinidad and Tobago LLC for the development of the Juniper project, to be located off the South East coast of Trinidad. The scope of work consists of design, detailed engineering, procurement, construction
Chairman Duncan Hunter (R-Calif.) and the Subcommittee on Coast Guard and Maritime Transportation are scheduled to hold a hearing today on “The Status of the Merchant Marine”. Below are Hunter’s opening remarks. The Subcommittee is meeting today to review issues impacting the U
Today in U.S. Naval History - September 10 1813 - In Battle of Lake Erie, Commodore Oliver Hazard Perry, flying his "Don't give up the ship" flag, defeats British squadron and says: "We have met the enemy and they are ours..."
Technip was awarded by Deep Gulf Energy II LLC a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico, at water depths ranging from 1,472 meters to 1,710 meters.
On water and in the air, maritime security involves local, state and federal stakeholders The 2014 Maritime Security West conference is underway in Tacoma, Washington. The preconference day included tours of the Port of Tacoma, the City of Tacoma’s Marine Security Operations Center and
DeepFlight announced it will introduce a new type of personal submarine at the 2014 Monaco Yacht Show. The company said its new product, the DeepFlight Dragon, is the most compact, lightweight personal submarine on the market, and is so intuitive to use that clients self-pilot the craft with
Over 1,200 military personnel from the Asia Pacific and Indian Ocean regions have completed collaborative, tactical warfare planning during the first week of the Royal Australian Navy’s largest maritime exercise, KAKADU 2014, informs Australia's Defence Force (ADF).
The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea , informs U.S. Naval Air Systems Command.
The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations. Geoffrey Whinfrey was in charge of the Island Panther when it collided with a wind turbine in the Sheringham Shoal wind farm
Coast Guard Cutter Eagle, America's tall ship and seagoing classroom for future officers in training, is scheduled to be open for tours Saturday at Coast Guard Training Center Yorktown. Tours will be held from 10 a.m. - 7 p.m. Visitors are advised there will be a third-mile walk from the
U.S. Coast Guard (USCG) Cutter Eagle, America's tall ship and seagoing classroom for future officers in training, is scheduled to be open for tours Saturday at Coast Guard Training Center Yorktown. Tours will be held from 10 a.m. - 7 p.m.
The master of a wind farm support boat has been made to pay £3,000 in fines and costs after breaching maritime collision regulations, informs the UK Maritime and Coastguard Agency (MCA). Geoffrey Whinfrey was in charge of the Island Panther when it collided with a wind turbine in the
Transfer of flag follows ABS' designation as Recognized Organization ABS has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a 'Recognized Organization' (RO) by the Japanese government.
More than 1,200 mariners from the Asia Pacific and Indian Ocean regions have completed the first sea phase of the Royal Australian Navy’s largest maritime warfare exercise, KAKADU 2014. Occurring off the coast of Darwin from August 25 to September 12, 2014
Serdijn Ship Repair has changed its name to ROG Ship Repair BV. As one of the leading ship repair companies, the yard in located in central, easy accessible and strategic location in the main port of Rotterdam. The terminal is a recognized port facility as required by the ISPS code