Grimaldi Group explains its strategy after some articles in the Greek press suggested a war

declared by the Grimaldi Group on the Italy-Greece Adriatic route, related to overcapacity on Piraeus – Crete.

Adriatic Sea

“The pandemic and the new market conditions asked for a radical reorganisation of its Adriatic services. Grimaldi split Ancona – Igoumenitsa – Patras into 2 services (Ancona – Igoumenitsa and Ancona – Patras).”

Grimaldi Group also removes its passenger service from Venice to Greece and dismisses its Brindisi-Patras ropax service by leaving only one vessel on Brindisi – Igoumenitsa.

Through this move the Grimaldi Group confirms its strategy of “competing in a serious and responsible way, sometimes removing tonnage if necessary, but always aiming at offering top quality services to its customers.” Adjusting capacity to the market conditions, or what the company wants to say is that there is one ship too much on the Piraeus – Crete line.

Crete

Its brand Minoan has 3 vessels: KNOSSOS PALACE and FESTOS PALACE on Piraeus – Heraklion and KYDON PALACE on Piraeus – Chania.

Competitor Attica – ANEK joint venture operates with 4 vessels: BLUE HORIZON and KRITI 1 on Piraeus-Heraklion land BLUE GALAXY and ELYROS on Piraeus – Chania.

Attica – ANEK joint venture should sail with 3, not 4 ships, says Grimaldi Group.