Minoan Flying Dolphins Acquires Five Ferries
Minoan Flying Dolphins, a subsidiary of Minoan Lines, has acquired five used ferries that 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 move implements part of the company's business plan in the Saronic routes, a market of about three million passengers annually," a Minoan Flying Dolphins spokesperson
said, without disclosing the cost of the acquisitions.
The spokesperson said the five ferries transport about 800,000 passengers and 100,000 cars and generate revenues of about $6.3 million annually. Minoan Lines plans
to list Minoan Flying Dolphins on the Athens bourse in 2000.