Strintzis Lines Ship

Delivery of Blue Star 2

Strintzis Lines Shipping S.A.
6 July 2000

                             DELIVERY OF BLUE STAR 2

The Board of Directors of Strintzis Lines Shipping S.A. announces the delivery
of Blue Star 2 from the Dutch Shipyard Van der Giessen de Noord.

Blue Star 2 is an ultra-modern RO-PAX vessel with service speed of 28 knots and
capacity for 1,600 passengers and 700 cars of 100 trucks and 100 cars.

The vessel will offer to her passengers A la Carte restaurant, Self-Service
restaurant, 4 Bars, Night Club Lounge, 2 cinemas, Casino, Boutique, Swimming
Pool, and all the facilities for a comfortable, luxurious and fast voyage.

Blue Star 2 together with her sistership Blue Star 1 will serve daily the route
between Ancona and Brindisi to Patras.  The Brindisi-Patras route is covered in
the record time of 9 hours and the route Ancona-Patras via Brindisi in 21 hours.

Blue Star 1 is already serving the same route from June 13, 2000 with great
success.

The operation of these two vessels will enhance the Market Share of Blue Star
Ferries in the Adriatic routes since 7 of its vessels will connect Italian and
Greek ports on a daily basis.

The Board of Directors

For further information, please contact:
Mr D. Theodoratos
Strintzis Lines S.A.
Phone: +30-1-42.25.000
Fax: +30-1-42.25.265.6