17/08/2007 12:40
Louis decided to buy newer ships after the Sea Diamond’s wreck few months ago. Speaking to Tradewinds magazine, Louis Managing Director, Stelios Koiliaris referred to the changes that his company intends to adopt. “The Company must upgrade its fleet, so as to be competitive in the cruise market. After the acquisition of Crystal, which replaced Sea Diamond, we intend to buy another cruise ship constructed in 1990, which will be able to host 1,500 passengers. The acquisition has been scheduled before summer 2008”, he said.
According to Mr. Koiliaris, Louis will replace more cruise ships in the next few years. “We intend to replace Aegean II, which was constructed in 1957, Princessa Marissa of 1966 and Serenade of 1957. These cruise ships are not in line with the new Safety of Life at Sea (Solas) Regulations of 2010 and must be replaced”, he added.
Speaking to StockWatch, Louis Finance Director, Costas Hadjimarcos confirmed the statements. “Louis aims to sell the three cruise ships before the end of 2008. We are currently having contacts with several interested parties. The ships will be possibly replaced with newly-fangled ships”, he noted.
Mr. Hadjimarcos also expressed his confidence that the changes will improve the Company’s profitability in 2008. In 2007, the company expects that the profit attributable to shareholders will reach £12.5 million. Louis supports that this is linked to the shipwreck of Sea Diamond, which was partly covered by the sale of shares of Holton Cyprus.
The six-month results of the company will be announced on August 29, 2007.
According to Mr. Koiliaris, Louis will replace more cruise ships in the next few years. “We intend to replace Aegean II, which was constructed in 1957, Princessa Marissa of 1966 and Serenade of 1957. These cruise ships are not in line with the new Safety of Life at Sea (Solas) Regulations of 2010 and must be replaced”, he added.
Speaking to StockWatch, Louis Finance Director, Costas Hadjimarcos confirmed the statements. “Louis aims to sell the three cruise ships before the end of 2008. We are currently having contacts with several interested parties. The ships will be possibly replaced with newly-fangled ships”, he noted.
Mr. Hadjimarcos also expressed his confidence that the changes will improve the Company’s profitability in 2008. In 2007, the company expects that the profit attributable to shareholders will reach £12.5 million. Louis supports that this is linked to the shipwreck of Sea Diamond, which was partly covered by the sale of shares of Holton Cyprus.
The six-month results of the company will be announced on August 29, 2007.
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