ANEK Lines

ANEK Lines

Traded as	(Athex: ANEK)
Industry	Shipping Transport
Founded	1967
Founder	Archbishop Irineos Galanakis
Headquarters	Chania, Crete, Greece
Area served	Adriatic Sea Crete Aegean islands Italy Mediterranean
Key people	Georgios Katsanevakis (President) Yannis S. Vardinoyannis (CEO)
Products	Commercial, passenger transport and cargo
Revenue	€1.57 billion (2015)[1]
Net income	€162 million (2015)[1]
Total assets	€2.48 billion (2015)[1]
Total equity	€974 million (2015)[1]
Owners	Yannis S. Vardinoyannis (37.52%) Amalia Vardinoyannis (26.62%) Piraeus Bank (24.17%)
Number of employees	1,630 (end 2015)[2]
Website	www.anek.gr

ANEK Lines (Ανώνυμη Ναυτιλιακή Εταιρεία Κρήτης, Anó̱̱nimi Naftiliakí Etaireía Krḗtēs) is the largest passenger shipping company in Greece. It was founded in 1967 by numerous shareholders who were inhabitants of Crete. It operates passenger ferries, mainly on Piraeus-Crete and Adriatic Sea lines.

Today the company is listed on the Athens Stock Exchange (Athex: ANEK) and 37.5% owned by Cyprus-based Sea Star Capital PLC (Yannis S. Vardinoyannis).^[3]

H/S/F Hellenic Spirit

Also Amalia Vardinoyannis holds a 26.9% stake through her holding company Varmin.

History

In Crete protests broke out after the Typaldos Lines car ferry SS Heraklion capsized due a series of safety regulations violations. The ship sank on her way from Chania to Piraeus on 8December 1966, resulting in the death of more than 200 people.

In the aftermath a few hundreds of Cretans (traders, free-lancers, pensioners, farmers) following a proposal by the Association of Economists of the Chania Prefecture and the support of the Metropolitan of Kissamos and Selinos, Irineos Galanakis, implement their idea to found a multi-shareholder shipping company.^[4]

Therefore, on

• 1967 - April 10, ANEK Lines was founded with its head offices located at Chania. At the beginning only born Cretans could hold stocks in ANEK Lines.
• 1970 The company's first F/B vessel Kydon started servicing the route Piraeus-Chania
• 1973 The F/B's Candia and Rethymo started servicing the route Piraeus-Iraklion
• 1978 The F/B Kriti started daily servicing the route Piraeus-Chania^[4]
• 1987 The F/B Apterastarted servicing the route Piraeus-Chania
  • New route Crete-Thessaloniki started (route closed then suddenly)^[5]
• 1989 The F/B's Lato and Lissos started servicing the route Patras-Corfu/Igoumenitsa-Ancona^[4]
  • New blue-yellow corporate identity introduced^[4]
  • The F/B Kydon was sold.
• 1992 ANEK Lines new flagship the F/B El. Venizelos started servicing the route Greece-Italy.
  • F/B Talos started servicing the route Patras-Trieste
• 1994 New route opened, Patras-Igoumenitsa-Bari, but already ceased the following year^[5]
• 1997 The F/B's Kriti I & Kriti II started new nonstop Patras-Ancona service^[5]
• 1998 Share-capital increase and Initial public offering (IPO) for the company's stocks in the Athens Stock Exchange
  • F/B "Sokofles V" starts operating the route to Northern Italy (Patras-Trieste)^[4]
  • Take over some stakes in DANE^[5]
• 1999 The company's stocks started trading on the Athens Stock Exchange on 21 January 1999
  • ANEK Lines purchases 50% of the share-capital of LANE (Ag. Nikolaos), with the assignment of the F/B Talos.
  • ANEK Lines merge with RETHYMNIAKI and integrate their ships F/B Prevelis and F/B Arkadi into the fleet
  • ANEK Lines ITALIA s.r.l.was founded. ANEK Lines holds 51% of its shares
  • ANEK Lines buys 16.5% of NEL Lines^[6]
  • ANEN was founded. ANEK Lines holds 20% of its shares

F/B Lefka Ori

F/B Kriti II

• 2000 The F/B Lefka Ori was purchased, fully renovated and started servicing the route Patras-Ancona.
  • ANEK Lines increase its shares to 41,9% of the share-capital of DANE
  • ANEK Lines buys 50% of the share-capital of ETANAP
  • ANEK Lines buys 62% of the share-capital of LEFKA ORI A.B.E.E.
  • Contract signed with the Norwegian shipyard Fosen Mek Shipyard for the shipbuilding of two new buildings (first time for ANEK) with delivery dates October 2000 and May 2001 with an option for two more.
  • Delivery of the newly constructed Olympic Champion servicing the route Patra - Ancona which completes the route Igoumenitsa - Ancona in 15 hours.
  • ANEK Lines increases its share-capital (25% = 9.5 billion drachmas / 27.88 million EUROs)
  • The F/B's Candia and Rethymno are sold
  • ANEK Lines increases its share-capital in NEL to 19.05%
• 2001 Established online connections to the international booking systems START, MERLIN, AMADEUS and SIGMA
  • Delivery of the second newly constructed H/S/F Hellenic Spirit servicing along with the H/S/F Olympic Champion the route Patra - Igoumenitsa - Ancona reducing the travelling time from Igoumenitsa - Ancona to 15 hours.
• The former Patras-Ancona operating ships, Kriti I and Kriti II, were deployed then on Patras-Triest and Ravena-Catania (Kriti I)^[5]
• 2002 The F/B's Kriti I & Kriti II deployed on the Piraeus-Heraklion service^[5]
• 2003 ANEK Lines set up a ro/ro operations called ANEK CARGO for the routes Piraeus–Heraklion, Patras–Bari and Patras–Venice^[5]
• 2005 in May ANEK sold its 16.5% shares in NEL Lines to Edgewater Holdings with a €0.5 million profit^[7]
  • in November the F/B Aptera was sold with a €2.5m. net profit^[7]
  • the new Patras-Venice route is added to the route to Northern Italy^[4]
  • the construction of the company´s building is completed as well as the relocation of administrative services to the company-owned, functional establishment in Chania(Karamanli avenue former Souda Avenue)^[4]
• 2007 in February the company's latest establishment in Piraeus is inaugurated, housing the Directorate of Commercial

Exploitation, the Directorate of Technical Services and the Piraeus main agency^[4]

• 2008 in April the P/S-F/S Prevelis entered service on the Piraeus-Paros-Naxos-Ios-Santorini line^[4]
  • in July 2008 the P/S-F/S Lissos entered service between Piraeus and Chios-Mytilini^[4]
  • in September 2008 the P/S-F/S Elyros entered service between Piraeus and Chania^[4]
  • in December 2008 ANEK was awarded a prize as "The Best Passenger Line of the Year 2008" during the 5th Greek Shipping Awards ceremony hosted by Lloyd’s List^[4]
• 2010 April, ANEK established a new subsidiary AIGAION PELAGOS THALASSIES GRAMMES SHIPPING COMPANY (Chania), to charter and operate the

east Aegean and specifically the Piraeus-Syros-Mykonos-Ikaria-Fourni–Samos route and in September this new company undertook the Heraklion route which it is servicing by chartering Parent Company’s vessels^[8]

• 2011 1 June, ANEK Lines started a 3-year joint service agreement with Attica Group (Superfast, Blue Star Ferries) for the route Patras–Igoumenitsa–Ancona and Piraeus–Irakleion under the name ANEK-Superfast. Therefore, ANEK deploy its ferry Olympic Champion from the Ancona service (now a joint venture operations with ANEK´s Lefka Ori and the Superfast VI and XI) to the Irakleio service (now a joint venture operations with Superfast XII).^[4]
• 2012 14 June, F/B Lato deployed in the international line Bari - Durrës in cooperation with Adriatica Lines for the summer season.
• 2014 F/B Ierapetra L. deployed in the international line Bari - Durrës in Charter from ANEK Italia for year-round service. A major engine-room fire on 29 November 2014 when underway with crew only aboard caused substantial damage to the ship which returned to Brindisi Italy. No injuries or fatalities occurred. The vessel is currently out of operation.^[9]
• 2014 Due to the 2014 Libyan conflict, Libya's Council of Deputies has been housed on the ANEK's ferry Elyros which has been moored off the coast of Tobruk in eastern Libya.^[10]
• 2015 ANEK operates the Sophocles V as Kydon on the Piraeus-Chania. The Olympic Champion returns to the Adriatic, and the El. Venizelos operates in the Northern Aegean in order to transport Syrian refugees arriving in Chios and Lesvos.

Fleet

Currently operating

Ship name	Flag	Built	IMO	Callsign	Gross tonnage	Length	Width	Passengers	Vehicles	Knots	Image	Notes
Elyros		1998	9178599[11]	SVOM	38,261 GT	192 m	27 m	1,874	620	24
Kydon		1991	8916607	SWBZ	29,991 GT	192 m	27 m	1,500	703	25
Olympic Champion		2000	9216028[12]	SYWD	32,694 GT	204 m	25,8 m	1,850	670	30
Hellenic Spirit		2001	9216030[13]	SYOA	32,694 GT	204 m	25.8 m	1,850	670	30
Prevelis		1980	8020927	SYDL	15,354 GT	142.5 m	23,5 m	991	310	19
Asterion		2007	9349760	SVAI3	27,414 GT	186.63 m	26 m	800	196	24		On charter from Stena RoRo.
Kriti I		1979	7814046	SZRD	27,239 GT	192 m	27 m	1,494	650	22

On charter to other companies

Ship name	Flag	Built	IMO	Callsign	Gross tonnage	Length	Width	Passengers	Vehicles	Knots	Image	Notes
Kriti II		1979	7814058	SZQW	27,239 GT	192 m	29.4 m	1,500	719	23

Out of service

Ship name	Flag	Built	IMO	Callsign	Gross tonnage	Length	Width	Passengers	Vehicles	Knots	Image	Notes
El. Venizelos		1984	7907673[14]	SWWZ	58,661 GT	205.5 m	32.5 m	3,500	850	21

ANEK-Superfast

On 7 June 2011 ANEK Lines and Superfast Ferries created a joint venture for the Piraeus-Heraklion and the Patra-Igoumenitsa-Ancona routes with two RO-PAX ships on the first route (the ANEK-owned Olympic Champion and the Superfast-owned Superfast XII) and three in the second route (the ANEK-owned Hellenic Spirit and the Superfast-owned Superfast VI and Superfast XI).^[15]

Routes

• Greece domestic
  • Piraeus–Chania (Kydon)
  • Piraeus–Heraklio (Kriti II)
  • Piraeus–Kalymnos–Kos–Rhodes (Kriti I)
  • Piraeus–Milos–Santorini–Kasos–Karpathos–Chalki–Rhodes (Prevelis)
  • Piraeus–Milos–Santorini–Anafi–Heraklio–Sitia–Kasos–Karpathos–Rhodes (Prevelis)
• Greece- Italy
  • Patras – Igoumenitsa – Ancona (Hellenic Spirit – Olympic Champion)
  • Patras – Igoumenitsa – Venice (Asterion)

Affiliates

Companies that are affiliates of ANEK Lines (larger than 10%) are outlined below. ANEK Group:

• ANEK HOLDINGS S.A. (Greece, Crete - Chania): 99.5% Tourism- participation in other companies- consulting, etc.^[4]
• ΑΝΕΚ LINES ITALIA srl (Italy, Ancona): 49%, Factoring and representation of shipping companies^[4]
• LANE S.A. (Lane Lines, Greece, Crete - Ag. Nikolaos):50,11%, Passenger ferry shipping^[4]
• AIGAION PELAGOS - THALASSIES GRAMMES SHIPPING COMPANY (Crete,Chania): 99.90%, Sailing company under Law 959/79^[4]
• T.C. SAILING (Greece, Crete - Chania): 97,5% Sailing company under Law 959/79^[4]
• ETANAP S.A. (Greece, Crete - Chania/Stylos): 50%, Production and distribution of bottled water^[4]
• LEFKA ORI S.A. (Greece, Crete - Chania/Stylos): 62%, Production and trade of plastic bottles and packaging products^[4]
• CHAMPION FERRIES L.T.D. (Marshal Island): 70%, Shipping^[16]
• Cooperative Bank of Chania: 0.01%^[16]

Former affiliates and investments:

• NEL Lines 16.5% (shares sold 2005 to Edgewater Holdings)^[6]
• DANE Sea Lines 41.87% (stop operations in August 2004 after financial difficulties)^[17]

RETHYMNIAKI (took over and finally merged into ANEK Lines in 1999)^[4] ANEN 19.36%

References

External links

Wikimedia Commons has media related to ANEK Lines.

• ANEK Lines (www.anek.gr)
• ANEK Smart Bonus Program
• ANEK Lines (ANEK.AT) - Athens | (finance.yahoo.com profile)
• ANEK Lines (ΑΝΕΚ) - Athens | (capital.gr profile)
• ANEK Lines ships' videos