Merchant Marine Minister Christos Papoutsis has proceeded with efforts to abolish the oligarchy in coastal shipping by…
Merchant Marine Minister Christos Papoutsis has proceeded with efforts to abolish the oligarchy in coastal shipping by freeing up the scheduling of services. Fast-track approval has been granted for 21 ships to undertake services.
Papoutsis` decision has broken up
Meanwhile, Minoan Lines has expressed apparent indifference towards competitor Strintzis Lines` decision to service the Corfu-Igoumenitsa-Patras-Iraklio line and the approval of permits for high-speed services in the Argosaronic Gulf.
Minoan president Constantine Klironomos said that the Iraklio-Patras line had limited potential. He said permits had been approved for Minoan to operate four hydrofoils in the Argosaronic.
Additionally, Minoan announced a slight increase in turnover to 7.2 billion drachmas for the first three months of the year, compared to the same time period last year. Bookings for the summer period on Adriatic routes rose by almost 20%. Next month the company will launch its luxury Knossos Palace vessel at Italy`s Fincantieri shipyards. The ship will sail the Iraklio-Piraeus route, cutting travel time in half, starting in November.
Attica Enterprises, on the other hand, reported 416 million drachmas in profits for the first three months of the year. Total turnover was 5.2 billion drachmas compared to 5.08 billion drachmas for the same period in 1999.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
