Flying Ship Technologies has signed a memorandum of agreement with Spirit World Group, a Greek-based multinational transportation conglomerate, to produce and operate Flying Ship’s ground effect vessels for Greece and the wider European market.

“Spirit World Group has complete end-to-end manufacturing and logistics transportation capabilities,” said Flying Ship CEO Bill Peterson. “They have the sophistication to build flying ships and ensure safe maritime operations. Now we have the ability to assemble ITAR-free Flying Ships that will be sold around the world.”

Connecting thousands of islands

“In addition to Spirit World’s headquarters in Greece, they also have facilities in Hong Kong,” Peterson added. “As a member of the Hong Kong Ship Owning Association (HKSOA) and well established in Southeast Asia, Spirit World will help Flying Ships connect the thousands of islands in that region with fast, affordable, green transportation services, and global production, maintenance, and customer support.”

Flying Ship’s autonomous ground effect vessels fly just over the water, are 10 times faster than boats and one-quarter of the cost to maintain and operate compared to planes, the company says.

Clean and fast

Flying Ships provide tens of thousands of additional coastal access points and are cleaner for the environment, providing fast, cost-effective delivery of time-critical goods.

“Flying Ships will transform the logistics network in the Mediterranean and throughout the world,” said Spirit World Group CEO Mike Spiridakos. “Spirit World provides complete transportation and logistic solutions, and now Flying Ships will take our services to the next level with dramatically improved accessibility to everywhere with a coastline.”

‘Nothing else competes’

“Nothing else competes with their combination of cost, speed and efficiency,” Spiridakos continued. “In a world where everyone is looking for immediate delivery, this checks the box and does it without greenhouse emissions. With almost ten thousand miles of coastline around Greece and more than two thousand islands—including 227 inhabited islands—this new mode of transportation will bring extraordinary economic benefits to our people.”

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