The ferries` maximum speed is 30 knots. They have a capacity of 1,850 passengers, 130 trucks and 120 cars.
For the past several months, ANEK Lines has been putting together and integrating the bits and pieces of its flurry of mergers with smaller Greek ferry lines. It is now regaining strength to launch an attack aimed at securing its place as one of Greece`s top ferry lines.
The two-front attack includes the order of two new 1,850-passenger 250-vehicle ferries mentioned above and the re-launching of refurbished vessels, along with an expansion of routes.
New routes now in the planning stage include Piraeus-Crete-Cyprus-Middle East and a Baltic run.
For its 1999 financial year, ANEK expects to post revenue of some 40 billion drachmas. For 2000, the Crete-based ferry line expects to post a profit of about 8.4 billion drachmas on sales of 42.7 billion.
ANEK has signed merger agreements with the Crete-based ferry lines LANE (one vessel) and Cretan (two vessels) and an agreement to purchase at least 50% of the financially troubled Rhodes-based ferry operator DANE Lines.
As well, ANEK purchased 20% of NEL Lines, of Lesbos. A cooperation agreement between the two includes a common purchasing scheme for ship`s supplies, a cooperative advertising and promotion program, a common reservations system and training programs.
Meanwhile, NEL plans to purchase three high-speed vessels after February of next year and soon open a new route that connects Piraeus with the Turkish port of Cesme.
…
The ferries` maximum speed is 30 knots. They have a capacity of 1,850 passengers, 130 trucks and 120 cars.
For the past several months, ANEK Lines has been putting together and integrating the bits and pieces of its flurry of mergers with smaller Greek ferry lines. It is now regaining strength to launch an attack aimed at securing its place as one of Greece`s top ferry lines.
The two-front attack includes the order of two new 1,850-passenger 250-vehicle ferries mentioned above and the re-launching of refurbished vessels, along with an expansion of routes.
New routes now in the planning stage include Piraeus-Crete-Cyprus-Middle East and a Baltic run.
For its 1999 financial year, ANEK expects to post revenue of some 40 billion drachmas. For 2000, the Crete-based ferry line expects to post a profit of about 8.4 billion drachmas on sales of 42.7 billion.
ANEK has signed merger agreements with the Crete-based ferry lines LANE (one vessel) and Cretan (two vessels) and an agreement to purchase at least 50% of the financially troubled Rhodes-based ferry operator DANE Lines.
As well, ANEK purchased 20% of NEL Lines, of Lesbos. A cooperation agreement between the two includes a common purchasing scheme for ship`s supplies, a cooperative advertising and promotion program, a common reservations system and training programs.
Meanwhile, NEL plans to purchase three high-speed vessels after February of next year and soon open a new route that connects Piraeus with the Turkish port of Cesme.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
