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NEL Lines Joins Forces with Turkish Company

Turkish company Rhea Venture Capital Investment Trust Inc. and Greek NEL Lines joined forces with hopes to acquire The Istanbul Fast Ferries Co. Inc., or İDO.
The two companies formed a consortium named IDO Marmara Ege to bid together in İDO’s sale, said an info note posted at the Public Information Platform, or KAP.
NEL Lines is a Greek maritime company operating cruiseliners, fast ferries, RO-PAX and RO-RO ships in the Aegean and Adriatic seas.
Another info note posted at KAP said RML Logistics and Maritime Services, a subsidiary of Rhea, signed a deal to purchase a Greek company running RO-RO and RO-PAX ships between Igoumenitsa port in Greece and Brindisi port in Italy.
Rhea said it would rename the Greek company as “RML International Shipping Ltd.” which would continue to operate RO-RO and RO-PAX ships between the two European ports, carrying 1000 trucks weekly.

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