Page 50: of Maritime Reporter Magazine (May 2000)

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Greek Ferry Report between Greece and Italy.

Its four Superfast ferries carried 13.7 percent more passengers, 20 percent more trucks and 24.2 percent more pri- vate vehicles in 1999 compared to 1998.

Strintzis Lines was in third place in overall traffic in the Greece-Italy routes with its six ships, carrying 14 percent of passengers, 16.1 percent of lorries and 13.3 percent of private vehicles. It recorded a 21.4 percent rise in passenger rise in 1999 versus 1998, 60.1 percent growth in trucks and 63.1 percent growth in private vehicle traffic. The six brand new ferries of latest technology due for delivery this year are expected to boost group sales and profits in 2000.

Minoan Earnings Up 60 Percent

Minoan Lines reported that 1999 earn- ings before depreciation grew 60 per- cent year-on-year to 20 billion drach- mas, on operating revenue growth of 7.5 percent to 46.5 billion drachmas ($125.5

Building all types of boats and barges for all types of cargoes. SEMT Engine Built for NEL Lines million). Earnings before depreciation and financial expenses improved 53 per- cent in 1999 to $62.1 million. The earn- ings report was particularly impressive in the face of traffic losses due to the

Kosovo crisis. Its investment of $660 million in seven newbuildings is expect- ed to be completed mid-2002, allowing for a renewal of its fleet and the realiza- tion of capital gains from the sale of older vessels. Four of the new vessels are being built by Fincantieri, with the other three coming from Samsung.

Newbuilds, Repairs, Conversions

Nine Gulf Coast Locations

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Fast moves on the water were matched with like speed in the boardroom, as

Minoan Lines' 70-percent subsidiary

Minoan Flying Dolphins completed a rather aggressive and amazing buying spree last year into this, acquiring 34 vessels. The company, which became a instant favorite with equipment suppli- ers and shipyards alike, went on a pur- chasing swing that included buying:

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Attica To Deploy

New Fleet

In 2001

Attica is hoping that its success with the Superfast ferries in the

Greek and Italian markets bodes well for its new service offering to the north.Attica Enterprises plans to deploy four new 29.2-knot, 29,800-grt Superfast car-passenger ferries in the Baltic Sea in 2001.

Superfast VII. VIII, IX and X, from Germany's Howaldtswerke

Deutsche Werft AG are designed to carry 604 passengers in 172 cab- ins, as well as 125 trucks and 110 cars. The new routes will connect

Stockholm and Helsinki to north- ern Germany in about 17 and 21 hours respectively. 48 Maritime Reporter/Engineering News

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