The most important asset that Kiriacoulis Mediterranean Cruises Shipping S.A. possesses is the fleet of yachts. The following figure sets forth information regarding the number of yachts owned by the Parent Company at the end of each year, starting from year 1996.
NUMBER OF YACHTS ON 31/12 OWNED BY KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.
PERIOD 31/12/1996 – 31/12/2016
The Parent Company’s management, according to its policy of renewal and modernization of the fleet, buys every year new yachts disposing at the same time the oldest ones. In this manner, the Parent Company maintains its competitiveness, achieves the application of a profitable price policy while at the same time limits the maintenance expenses. The Parent Company exploits yachts, constructed from recognized shipyards (Bavaria Yachtbau GmbH, Dufour Yachts S.A., Fountaine Pajot S.A., CNB Lagoon S.A, Jeanneau Yachts, Beneteau Yachts and Catana Group S.A.), with which has a long lasting collaboration under preferential terms, that has direct effect on the quality, the equipment, the dates of delivery and the acquisition cost of the yachts.