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Essay / Research Paper Abstract
This 11 page paper is an analysis of the ferry company ANEK Lines based in Crete. The paper looks at the background and operations of the company and then performs a financial analysis for the years 2006 and 2007. The bibliography cites 8 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEaneklines.rtf
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Unformatted sample text from the term paper:
current shareholder structure; the firm was started by some shareholders living on Crete who wanted to create a transportation link with the mainland of Greece which was their own (ANEK
Lines, 2009). The company has a fleet of 111 ferrys sailing a variety of routes, with sailings from Piraeus to Chinia, Heraklion, Santorini, Paros, Los, Naxos, Chios and Mytilene,
as well as sailings from Patras to Venic and Ancona stopping at Corfu and Igoumenitsa. Booking are made either directly with the company, or though a series of agents (ANEK
Lines, 2009). A range of 2 and 4 berth cabins can be booked by those who do not want to use
aircraft style seating, and in addition to cars the ferry can also carry trailers and minibuses (ANEK Lines, 2009). There are also cargo services offered by the firm (ANEK Lines,
2009). The firm operates in a competitive environment, where other ferry companies also offer services by differentiating itself with a high quality service; in December 2008 ANEK Lines was awarded
the "Best Passenger Line of the Year 2008" at the Lloyds list 5th Greek Shipping Awards (ANEK Lines, 2009). This award supports
the market share, with ANEK Lines having a large market share in many sectors, including in excess of 50% of all passengers on the Piraeus - Crete - Piraeus route,
with 53.1% of the private vehicles that travel this route and 66.1% of the trucks that travel that route (ANEK Lines, 2008). On the routes traveling to Northern Italy, which
are an extension of the original services where the Venice route was gaining 34% of passengers and the Ancona route was attracting 36.7% of private vehicles traveling the route and
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