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Minoan Flying Dolphins
Minoan Flying Dolphins (MFD) was a Greece, Greek passenger and freight ferry company. History MFD was established in 1998 by Pantelis Sfinias ( el, Παντελής Σφηνιάς) as a subsidiary of Minoan Lines. Sfinias had convinced many prominent Greek businessmen to purchase stakes in MFD. His plan was to use the raised capital for purchasing small traditional ferry companies and eventually consolidate the Greek ferry industry. MFD's first acquisition was ''Ceres Flying Dolphins'' owned by the George P. Livanos, Livanos family, a hydrofoils company active in the Argo-Saronic Gulf and the Sporades islands. Within a few months, MFD grew rapidly through a barrage of buyouts that targeted companies such as Agapitos lines, Agapitos, Agoudimos Lines, Agoudimos, Nomikos Lines, Nomikos, Ventouris Ferries, Ventouris, Goutos Lines, Goutos, etc. Soon, MFD controlled a market share exceeding 90% in several routes. In addition to its fleet of conventional vessels, MFD operated a number of ...
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Minoan Flying Dolphins Logo
The Minoan civilization was a Bronze Age Aegean civilization on the island of Crete and other Aegean Islands, whose earliest beginnings were from 3500BC, with the complex urban civilization beginning around 2000BC, and then declining from 1450BC until it ended around 1100BC, during the early Greek Dark Ages, part of a wider bronze age collapse around the Mediterranean. It represents the first advanced civilization in Europe, leaving behind a number of massive building complexes, Minoan art, sophisticated art, and writing systems. Its economy benefited from a network of trade around much of the Mediterranean. The civilization was rediscovered at the beginning of the 20th century through the work of British archaeologist Sir Arthur Evans. The name "Minoan" derives from the mythical Minos, King Minos and was coined by Evans, who identified the site at Knossos with the labyrinth of the Minotaur. The Minoan civilization has been described as the earliest of its kind in Europe, and his ...
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Transport Companies Established In 1998
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may in ...
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Companies Based In Piraeus
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ...
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Shipping Companies Of Greece
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production facility nea ...
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Ferry Companies Of Greece
A ferry is a ship, watercraft or amphibious vehicle used to carry passengers, and sometimes vehicles and cargo, across a body of water. A passenger ferry with many stops, such as in Venice, Italy, is sometimes called a water bus or water taxi. Ferries form a part of the public transport systems of many waterside cities and islands, allowing direct transit between points at a capital cost much lower than bridges or tunnels. Ship connections of much larger distances (such as over long distances in water bodies like the Mediterranean Sea) may also be called ferry services, and many carry vehicles. History In ancient times The profession of the ferryman is embodied in Greek mythology in Charon, the boatman who transported souls across the River Styx to the Underworld. Speculation that a pair of oxen propelled a ship having a water wheel can be found in 4th century Roman literature "''Anonymus De Rebus Bellicis''". Though impractical, there is no reason why it could not work ...
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Attica Group
Attica Holdings S.A. is an operator of international ferry services in Europe. The Group's operations include its subsidiaries Superfast Ferries, which began in 1995 with the launch of its first ships, Superfast I & Superfast II, and Blue Star Ferries which operates ferries in the Aegean Sea to the Greek islands. In June 2018 Attica Group increased its share in Hellenic Seaways to 98.83%. It also has a partnership in Africa Morocco Link which operates mainly in the Strait of Gibraltar. In Sept 2022 it absorbed 57.70% of ANEK Lines stocks, rendering the operator number two in the number of passengers commuted in Europe. Company history 1918 The company was established in Piraeus, Greece, under the name "General Company of Commerce and Industry of Greece". In the beginning, it specialised in producing and trading flour under the name of "Attica Flour Mills SA". 1922 The company changed hands and was renamed to Attica Enterprises S.A., subsequently changed to Attica Enterprises H ...
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Hellenic Seaways
Hellenic Seaways is member of Attica Group, which is engaged in passenger shipping through SUPERFAST FERRIES, BLUE STAR FERRIES, HELLENIC SEAWAYS and AFRICA MOROCCO LINK operating 35 vessels providing modern, high-quality transportation services in Greece and abroad. Attica’s vessels serve 60 unique destinations in 4 countries, connecting 71 ports transporting over 7 million passengers, 1 million passenger vehicles and 400,000 trucks every year. History Hellenic Seaways was created in 2005 following the consolidation of Minoan Flying Dolphins and its subsidiaries Hellas Flying Dolphins, Hellas Ferries, Saronikos Ferries and Sporades Ferries. It is the biggest Greek shipping Company, which operates 21 vessels, 9 conventional, and 12 high-speed, servicing more than 35 ports in the Cyclades, North East Aegean, South East Aegean, Crete, Argosaronikos and Sporades. In August 2009 Hellenic Seaways purchased the single-ship, budget cruise line easyCruise from founder Stelios ...
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MS Express Samina
MS ''Express Samina'' ( el, Εξπρές Σάμινα) was a French-built RoPax ferry that struck the charted Portes Islets rocks in the Bay of Parikia off the coast of Paros island in the central Aegean Sea on 26 September 2000. The accident resulted in 82 deaths and the loss of the ship. The cause of the accident was crew negligence, for which several members were found criminally liable. Ship history The ship was built as MS ''Corse'' in 1966 at Chantiers de l'Atlantique, St Nazaire, France for Compagnie Générale Transatlantique, along with her sister ship MS ''Comte De Nice''. In 1969, she was transferred to Compagnie Générale Transméditerranéenne. After six years of service, the company changed its name again, to SNCM, to which she was transferred. She sailed from France for the last time in 1982, as she was sold to a Greek company, Stability Maritime, to operate their Italy–Greece–Israel route under her new name MS ''Golden Vergina''. In 1988, she was sold t ...
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Stock Market Crash
A stock market crash is a sudden dramatic decline of stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ... prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles. A stock market crash is a social phenomenon where external economic events combine with crowd psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices (a Market trend#Market terminology, bull market) and excessive economic optimism, a market where price–earnings ratios exce ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Austal
Austal is an Australian-based global ship building company and defence prime contractor that specialises in the design, construction and support of defence and commercial vessels. Austal's product range includes naval vessels, high-speed passenger and vehicle ferries, and specialist utility vessels, such as offshore windfarm for turtles and crew transfer vessels. Austal has three major ship building facilities. Defence vessels are designed and constructed in Henderson, Western Australia and Mobile, Alabama. Commercial vessels are constructed in Balamban, Philippines. Vessel support is provided through service centres located in Darwin, Cairns and Henderson in Australia; San Diego, California; Balamban, Philippines and Muscat, Oman. Corporate headquarters are co-located at Austal's Australian ship building facility in Henderson. Austal has designed and constructed over 260 vessels for numerous defence forces and commercial fleet operators. Customers include the Australian Bord ...
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