Minoan Profits Fall 82 Percent

Wednesday, February 28, 2001
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)
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Cruise Ship Trends

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Carnival Cruise Line Returns to Europe

Carnival Cruise Lines is to return to Europe next year with its biggest ship ever, the 3,936-passenger Carnival Vista.  The Doral-based cruise line revealed details about the new 133,500-ton vessel.

USCG to Address Cruise Ship Security Regulations

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Finance

Technip Certified to EDGE Standard

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Oil Majors to Preserve Dividends Despite Oil Collapse

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China's COSCO Group Returns to Profit

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