DFDS

Danish shipping and logistics firm DFDS said on Friday it had terminated a share purchase agreement with Ekol Logistics and that a deal struck in April to buy the Turkish group's international transport network would no longer take place.

Danish shipping and logistics company DFDS launched the Mediterranean's largest Ro-Ro ship in Turkey, according to U.N. Ro-Ro on March 8.

Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis.

Italian group Grimaldi is preparing to send a complaint to the competition department of the European Commission (DG Comp) against what it sees as the threat of concentration conditions in the Greek coastal shipping sector.

The northern port city of Thessaloniki will be linked to the Sporades chain of islands in the central Aegean with a high-speed catamaran from June 16 until September 25, the Hellenic Seaways shipping company said on Wednesday.

The route will be covered in just under three hours by the Flying Cat 4 with a passenger capacity of 440 and an average speed of 40 knots.

BARI, Italy — Helicopters defied high winds, stormy seas and darkness Monday to pluck hundreds of passengers from a Greek ferry that caught fire off Albania, as survivors told of a frantic rush to escape the flames and pelting rain. Five people died and dozens remained trapped on board a day after the fire broke out.