Greece: ferry owners raise ticket prices for the third time in 2022

On July 1, Greek ferry companies raised ticket prices for the third time in 2022, averaging between 4% and 8%. The increase in prices so far concerns only certain ferry routes and mainly from the port of Piraeus.

From the port of Rafina, the prices for individual tickets for regular ferries to Andros, Tinos and Mykonos remain the same as for many routes from Lavrion.

reportedthat many shipping companies are on standby to see fuel prices in the next period before making final decisions. With the latest increase from July 1, the cost of tickets on the line:

• Piraeus-Naxos with a regular ferry went up by 48 euros, to 51.50 euros, by 7.29%.
• Piraeus-Paros rose by 46.50 euros to 50 euros, an increase of 7.53%.
• Piraeus-Mykonos from EUR 48.50 to EUR 52.50, by 8.25%
• Piraeus-Ikaria from €54.50 to €58.50, an increase of 7.34%.
• Piraeus-Syros line from 42.50 to 45.50 euros, by 7.06%.
• Piraeus-Rhodes from 86.50 to 91 euros, by 5.20%.

From the port of Rafina, the price of an individual ferry ticket to Andros remains unchanged at 25 euros. Rafina-Tinos without changes, 35 euros each, Rafina-Mykonos by regular ferry 38 euros.

Recall that this increase is the third in 2022. The first took place in April 2022, when ferry ticket prices increased by 10-12%, and the second on June 15, the increase was 5-10%.

Since last year, ferry tickets have increased by about 25-34%. Estimated for Piraeus-Rhodes, the total cost of tickets for a family of 4, i.e. 2 adults + 2 children under 10 years old plus 1 car, is 422 euros one way, for terrace/lounge seating, which is not easy for a 14.5 hour trip. It is advisable for sea travelers to check in advance possible discounts and special offers with travel agencies.

Rising prices for marine fuel are said to have increased a coaster’s operating costs to 70% of its operating costs from 40% a year ago. The tonnage of VLSFO fuel oil, which is a low sulfur fuel used on ships that do not have scrubbers installed, continues to grow. 11 days ago its price on the international market was $1264 per ton, and already on July 1 it reached $1289.25 per ton, having increased by 1.98%.

In fact, shipowners have now cut their profits and are operating at a lower income level. How long this will continue is unknown, since the level of profitability of this business due to competition was not particularly high before.

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