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Superfast Ferries posted sales of almost 160 million euros for the first nine months of last year. Some 61% of sales came from the Adriatic market, about 30% from the Balkan market and the remaining 9% from the North Sea routes.

Stintzis Lines, owner of Blue Star Ferries, announced last month that the ferry line posted a consolidated 9-month profit before taxes that was 75.3% higher when compared with the same first nine-month-period of the year before and reached 3.4 million euros.

Greece was a strong player in last month’s Luxury Travel Market fair held at Cannes. More than 20 Greek companies paid the steep fees required to participate. In all, some 450 exhibitors from around the world worked out of 167 stands.

Greece’s major seaports are scheduled to undergo a series of large construction projects designed to upgrade their infrastructure and increase their cargo handling capacity.

VIP International Corporation, one of the world’s largest reservation service providers through global distribution systems and the Internet, purchased the assets of UK-based HotelWorld Global from Associated Newspapers Group. With the purchase, VIP International increases its global portfolio of 2,000 hotels by 16 per cent.

When global distribution system and travel e-commerce provider Worldspan opened its new full-service branch office in Thessaloniki, it was but a first step in investment plans for the Greek market. Additional investment plans for Greece are imperative in order to build market share and deliver more technology innovation to the Greek travel industry, says the local Worldspan office.

Το 1944 η δημιουργία της ΙΑΤΑ εξυπηρέτησε την ανάπτυξη και μεγέθυνση των διεθνών αερομεταφορών με εφαρμογές (κανονισμούς) εναρμονισμένων πρακτικών, αλλά και ανοχή μονοπωλιακών και καταχρηστικών ενεργειών των αερομεταφορών, το δε …

Organizers of the International Tourism Exchange ITB Berlin 2002, which takes place on the Berlin Exhibition Grounds and in the ICC Berlin from 16 to 20 March, say applications for participation have remained constant. “At this point in time (early January) no countries have decided to pull out of the fair.”

Local coastal shipping companies, and the banks they owe substantial funds to, are in talks with Greece’s merchant marine ministry to find ways that would ensure the survival of the country’s coastal shipping fleet. Bankers strongly believe that it is of the utmost importance to increase fares, for a start, and to completely deregulate them after November 2002.

Just three days before Christmas, Minoan Lines placed its newest high-speed vessel, Olympia Palace, on the Patras-Ancona route. The Olympia Palace is the fifth new vessel the Crete-based ferry line launched during 2001.