Independent journal on economy and transport policy
13:15 GMT+1
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Greek ferry companies plan to close 2020 with 300 million euros less revenues
He expected losses of over 100 million euros
November 17, 2020
Sakellis specified that this drastic deterioration of the situation will result for shipping companies in the sector a reduction in revenues that is expected for the whole of 2020 amount to 300 million euros, resulting in results in loss of more than EUR 100 million net of State aid which, however, he pointed out, did not exceed 22 million Euro.
"Unlike 2019," said the President of SEEN - in a few days, in 2021, we will start a new year with a huge amount of losses, with the exhaustion of the reserves of and with the steady increase in loans from banks and the State.'
Sakellis explained that this year they were affected mainly liner maritime services in the Adriatic, which have recorded a reduction in activity of -70% passenger traffic and -60% and -8% transport of motor vehicles and trucks respectively. Also relevant, however, is the decline in the activity of greek national services connecting with the islands that have suffered a drop of -70% in relation to passengers, by -35% of passengers vehicles and -20% of heavy goods vehicles.
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Sakellis specified that this drastic deterioration of the situation will result for shipping companies in the sector a reduction in revenues that is expected for the whole of 2020 amount to 300 million euros, resulting in results in loss of more than EUR 100 million net of State aid which, however, he pointed out, did not exceed 22 million Euro.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
