Wednesday, March 2, 2011

Evacuation boost for Greek ferry operators

Financial Times
March 2, 2011

Libya’s revolution is providing a cash injection for loss-making Greek passenger ferry companies helping to evacuate tens of thousands of thousands of Chinese, Brazilian and Venezuelan workers.

Three Greek companies are operating eight ferries on rolling round-trip charters between Benghazi in eastern Libya and the southern Mediterranean islands of Crete and Malta.

The average daily charter fee for vessels making the four-day voyage is €250,000 ($346,000), according to Katerina Fitsiou of XRTC, a Greek maritime consultancy involved in the sealift, which started last week.

“The coastal ferry fleet undergoes surveys and repairs in February to prepare for the tourist season, so there were plenty of ships available,” Ms Fitsiou said.

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