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Minoan Flying Dolphins Acquires Five Used Ferries

Maritime Activity Reports, Inc.

November 1, 1999

Minoan Flying Dolphins, a subsidiary of Minoan Lines, has five used ferries to service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli, F/B Georgios, F/B Saronikos, F/B Eftyhia and F/B Express Danae. The five ferries transport about 800,000 passengers and 100,000 cars. The cost of the transaction was not disclosed. Minoan Lines plans to list Minoan Flying Dolphins on the Athens bourse in 2000.

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