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Superfast orders even more new vessels as it posts super profits

Greek passenger shipping concern Attica Enterprises (Superfast<.> Ferries) said it placed an order for two additional super-fast ferries with the Howaldtswerke Deutsche Werft shipyard of Germany. The order is worth $200 million.
Superfast said it exercised options won on its order in July 1998 for four super-fast ferries at a cost of $450 million. The six new ferries now on order are expected to be delivered between May 2000 and 2001.
Total capacity for the each ferry stands at 1,500 passengers and 1,000 private cars, complete with deluxe accommodations and onboard services.
Own equity and credit from Kreditanstalt fuer Wiederaufbau subsidizes the new orders, the company said. Attica Enterprises` overall investment in new vessels amounts to some $1.2 billion, which includes the four super-fast ferries currently in service on the Greece-Italy routes.
Attica posted 1998 group net earnings of 9.06 billion drachmas ($31.9 million), an increase of 72.1 percent, against 5.26 billion drachmas posted in 1997. Group sales grew 64.5 percent to stand at 26.8 billion drachmas.
Income earned during 1998 originated from the operation of Attica`s four super-fast ferries, employed on routes connecting Greece with Italy, and from cash management, the company said. At present, Attica has daily departures from the ports of Patras, Igoumenitsa, Bari and Ancona.

Greek passenger shipping concern Attica Enterprises (Superfast<.> Ferries) said it placed an order for two additional super-fast ferries with the Howaldtswerke Deutsche Werft shipyard of Germany. The order is worth $200 million.

Superfast said it exercised options won on its order in July 1998 for four super-fast ferries at a cost of $450 million. The six new ferries now on order are expected to be delivered between May 2000 and 2001.

Total capacity for the each ferry stands at 1,500 passengers and 1,000 private cars, complete with deluxe accommodations and onboard services.

Own equity and credit from Kreditanstalt fuer Wiederaufbau subsidizes the new orders, the company said. Attica Enterprises` overall investment in new vessels amounts to some $1.2 billion, which includes the four super-fast ferries currently in service on the Greece-Italy routes.

Attica posted 1998 group net earnings of 9.06 billion drachmas ($31.9 million), an increase of 72.1 percent, against 5.26 billion drachmas posted in 1997. Group sales grew 64.5 percent to stand at 26.8 billion drachmas.

Income earned during 1998 originated from the operation of Attica`s four super-fast ferries, employed on routes connecting Greece with Italy, and from cash management, the company said. At present, Attica has daily departures from the ports of Patras, Igoumenitsa, Bari and Ancona.

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