New Ferry Line Formed
January 15, 2001
Atteshlis Shipping clinched a deal with Poseidon Lines Shipping of Liberia to operate a ferry line in the Mediterranean under a new subsidiary, it said. The subsidiary, Poseidon Lines Holdings, will operate the Sea Harmony vessel which transports cargo on the Greece-Cyprus-Israel route. Atteshlis Shipping will pay $3 million for a 51 percent stake of the new concern, with Poseidon Lines the remaining 49 percent, Atteshlis said in a statement to the Cyprus Stock Exchange. The agreement is subject to the approval of the island's central bank since it includes the export of currency. - (Reuters)
Related News
Gulf Intercoastal Waterway Closed After Barge Strikes Bridge in Galveston
Houthis Claim More Ship Attacks, Targetting US Warship and Merchant Vessel
Van Oord Launches Giant Offshore Wind Installation Vessel
Suspected Somali Pirates Taken to Seychelles
Worker Dies in Accident at Peru's Chancay Megaport Project