minoan lines shipping sa annual report 2003

7.1 SUBSIDIARIESEUROPEAN THALASSIC AGENCIES SHIPPING MANAGEMENT & CONSULTANTS S.A.The company was bought out in July 2001 where full ownership and control passed on to MINOANLINES. By the end of 2002 the personnel and the operations were fully incorporated to theMINOAN LINES and in 2003 the company was put into liquidation.CRETAN PHILOXENIA S.∞.The Company was founded in November 1999 and its registered office is in Heraklion Crete. Theobjects of the company are to operate in activities relating to tourism aiming to expand the businesslines of the parent company and to offer integrated tourist packages to its extensive clientele. In2000 the CRETAN PHILOXENIA acquired the total shares of the company ATHENA S.A., whichalso owns a plot of 8,801 m2 in the city of Heraklion with the laid on it buildings.MINOAN CRUISES S.A.The Company was founded in April 1995 and its registered office is in Heraklion Crete. The objectsof the company are the exploitation of cruise ships. The company after the sale of the ship M/VMINOAN PRINCE, ceased its operation and is about to be put into liquidation.MINOAN AGENCIES S.R.L.The Company was founded in May 2002 and its registered office is in Ancona, Italy. The objects ofthe company are to provide factorage services of the ships in this port.33 MINOAN LINES S.A. - Annual Report 2003