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Dodekanisiaki Anonymos Naftiliaki Eteria (Shipping company, Greece)

DANE Line

Last modified: 2016-10-29 by ivan sache
Keywords: dodekanisiaki anonymos naftiliaki eteria | dane line |
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House flag of DANE Line - Image by Jarig Bakker, 7 January 2006

• Presentation of DANE Line
• House flag of DANE Line

See also:

• Greece
• Greece: House flags of shipping companies

Presentation of DANE Line

Dane Sea Line, a Rhodes based publicly owned shipping company, was established in 1979, and entered the Athens Stock Exchange in November 1994. The company serves the Dodecanese Islands (Rhodes, Kos, Kalymnos, Leros, Patmos, Astypalaia, Symi, Tilos, Nisyros, Leipsoi and Kastellorizo), the Cyclades (Syros, Paros, Naxos, Amorgos and Mykonos) and Salonica and Samos. The company owns four passenger Ferries (Patmos, Rodos, Ialyssos and Leros) and two ro-ros (ParkHaven and RinjHaven).
[Company website (archived)]

Figures stop in 1997 and prices are given in drachmas. In 1998, the listing of the company was suspended by the Athens Stock Exchange.
In autumn 2004, the crews of three ships owned by Dane Sea Line Diagoras, Rhodos and Patmos) were finally able to collect part of the back pay owed to them, after trade unions and the Greek Ministry of Merchant Marine intervened to set in motion the process of auctioning off the company's assets to meet its obligations. The employees had not receive their pay for three months or more during the first half of 2004, due to the poor financial standing of the shipowner.
Dane Sea Lines began the process to liquidate in 2005. It was 41.87% owned by ANEK at this time. The fleet at this time was Diagoras, Patmos and Rhodos, which have been offered for sale.
[Simplon Postcards]

Ivan Sache, 13 January 2006

House flag of DANE Line

According to Brown's Flags and Funnels of Shipping Companies of the World (1995) [lgr95], the house flag of DANE Line was yellow with a blue disk bordered red charged with a red flower with four yellow petals (?). DANE is written in black below the emblem.

Jarig Bakker, 7 January 2006

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