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Piraeus bank moves into shipping

Greece`s passenger shipping industry is undergoing major changes such as rapid automation, constant deliveries of new vessels and…

Greece`s passenger shipping industry is undergoing major changes such as rapid automation, constant deliveries of new vessels and alterations in market conditions are changing the face of the sector and the way it operates.

However, in order to effectively promote its services, the industry must extend their distribution network via reservations systems and ticket agencies. Such an expansion would present new opportunities as well as meet the need for a system of accountability and settlement of accounts.

Piraeus Bank has come forward to meet such a need, through the formation of the firm Piraeus CTS<.> SA, whose shareholders are the Piraeus Bank SA and Piraeus Finance SA.

Piraeus CTS general manager Nikos Spyridakis told TDN that the firm`s immediate aims were to expand automation, distribute the single sea travel ticket that is set to be introduced and settle accounts with travel agents for shipping lines.

A pilot of the new ticket sales system will begin in October and should be fully implemented by January next year.

CTS will promote the single travel ticket for firms offering this service.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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