Page 51: of Maritime Reporter Magazine (May 2000)

Greek Ferry Report • ferry Penelopi A. from Agoudimos

Lines for an undisclosed sum, adding about 350,000 passengers and 60,000 cars to Minoan Flying Dolphins' total of passengers and vehicles transported and about 1.2 billion drachmas in revenues annually. • four ferries — Super Naias, Panagia

Ekatontapyliani, Apollon Hellas and

Ulysses — operating on routes to the

Cyclades islands and the Argosaronic

Gulf. • in November 1999 a block of 10 fer- ries, including Poseidon Express II,

Pegasus, Milos Express, Papadiamantis,

Poseidon Hellas, Aeas, Apostolos, Hel- las, Aphaea and Aegina • three ferries — F/B Anemos, F/B

Lemnos and F/B Macedon — from the shipping family Nomikos for an undis- closed amount. At the time the company reported that the three ferries have a combined annual turnover of about 2.05 billion drachmas ($6.51 million), carry- ing 300,000 passengers and 50,000 cars to the Sporades annually and 125,000 passengers to the Dodecannese destina- tions. • six ferries, operating in the sea routes linking the ports of Piraeus and Rafina with the Cyclades islands.

The ferries are Express Afrodite,

Express Athena, Express Apollo,

Express Hermes, Express Olympia and

Strintzis Annual Report (Select Financial Details)

January 1 to December 31,1999 (GRD million) 1999 1998 1997

Revenue 26,762 24,678 21,175

Operating Profit 2,891 3,678 3,194

Net Profit (Loss) 3,253 2,118 1,081

Total Assets 96,110 75,661 43,639

Vessels 80,996 65,434 36,234

Long-Term Debt 36,201 19,268 15,441

Equity 50,522 47,511 20,456

Investing activities

Vessels acquisitions & Improvements (27,280) (29,260) (6,025)

Property, plant, and equipment (115) (284) (252)

Proceeds from sale of subsidiary, net 232 0 0

Proceed from sale of vessel, net 10,190 0 0

Financing activities

New loans 45,356 5,333 2,517

Repayment of long-term debt (28,066) (2,273) (2,205)

Key Traffic Data (January to December)

Volumes in thousands 1999 1998 %

Passengers 1,865.7 1,558.8 19.7%

Vehicles 256.2 249.1 2.8%

Trucks 131.7 94.9 38.8%

Express Santorini. • ferry Sea Speed 1, a three-month-old newbuild from FBM Marine. • four RoRo vessels, including Sea

Trailer from Valentine Marine Ltd., Star

Trailer from Kameron Marine, Nave

Trailer from Nave Maritime and Cielo

Trailer from Cielo Maritime. At the time the company said that the RoRo vessels were acquired to complement Minoan

Lines' six highspeed ferries operating in the Adriatic Sea, offering cargo trans- port services. • five used ferries which service routes linking the port of Piraeus with islands in the Saronic gulf.

The ferries are F/B Nefeli, F/B Geor- gios, F/B Saronikos, F/B Eftyhia and

F/B Express Danae. j ^^ Marine Deck Hardware y f and Equipment

JUM • ANCHORS: • ^^^^ SO to 60.000 Lbs - New and Used

Stock/ess - Danlorth - L. W. T. - Halls - Snug Slowing • CHAIN • u" to 5'a" - New and Used

Stud Link - Cast Steel - Grades 2 and 3 - Oil Rig Quality for Moorings. Towing. Barge Handling.

Ship's Replacement • WINCHES WINDLASSES CAPSTANS •

Vertical or Horizontal Hand. Electric. Diesel, Hydraulic or Repowered to your specs • HATCHES - WATERTIGHT DOORS

MANHOLE COVERS - SCUTLES PORTHOLES •

All Sizes - New or Reconditioned • PANAMA CHOCKS - DOUBLE B1TTS

SINGLE B1TTS - CAST STEEL CLEATS

AND KEVELS •

GIGANTIC AI1 Sizes Available. New & Used

INVENTORY V, • FENDERS PNEUMATIC •

NEW & /For Rent or Sale iiccn // IM ?Tnri(\ All Sizes, New & Used

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FOR OVER 35 YEARS

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PO BOX 596

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PH: (310) 522-9698

FAX (310) 522-1043

Circle 288 on Reader Service Card

When the sea looks more like a mountain... .find your way anyway

RADARPI LOT ATLAS 1000 sets new standards in technical performance. It is easy to operate, simple to maintain, and adaptive to future demands.

ATLAS navigation systems and DEBEG communication equipment for safe and economic shipping.

STN ATLAS Marine Electronics GmbH

Member of the EuroMarine Group

BehringstralSe 120

D-22763 Hamburg

Phone: +49 (0) 40 8825 - 0

Fax: +49 (0) 40 8825 - 4000 e-mail: [email protected] http://www.stn-atlas-marine.de

SAM

Electronics

May, 2000 Circle 273 on Reader Service Card 49

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Barkemeyer ^ equipment

Barkemeyer Schiffstechnik GmbH & Co. KG., Birkenweg 11, D-21465 Reinbek

Tel.: +49 (0)40 7118020, Fax:+49 (0)40 7110086

E-mail: [email protected], lnternet:www.barkemeyer.com

Circle 209 on Reader Service Card