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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 SERVING THE MARINE G OIL INDUSTRIES FOR OVER 35 YEARS WE ARE DIRECT FACTORY DISTRIBUTORS 6 IMPORTERS WATERMAN SUPPLY CO., IIMC. PO BOX 596 WILMINGTON. CA 90748 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: marine-electronics@stn-atlas.de http://www.stn-atlas-marine.de SAM Electronics May, 2000 Circle 273 on Reader Service Card 49 Nowtt'syour turn. Insist upon Barkemeyer ^ equipment Barkemeyer Schiffstechnik GmbH & Co. KG., Birkenweg 11, D-21465 Reinbek Tel.: +49 (0)40 7118020, Fax:+49 (0)40 7110086 E-mail: into@barkemeyer.com, lnternet:www.barkemeyer.com Circle 209 on Reader Service Card
