Abstract
The number of Greek-owned shipping companies achieved a fast growth starting from 256 shipping companies in 1914, 600 by 2017 (within the Greek borders only), and 1057 in 1990. The number of shipping companies and the ships they own (dwt), finally determine the Greek owned fleet. This fleet owns 350.5 m dwt in 2021 (early). Greeks having ship-owning and ship-management in their tradition, and as a way of life, taught carefully these two concepts within their families. Shipowners-fathers cared for their children endowing them with a number of ships, including know-how. The way ship-owning families increased their size, the same way family members found their way towards creating their own, more powerful, shipping company! Moreover, a decade, or so, ago, we considered shipping industry as one dominated exclusively by men, but this is not true anymore. Angeliki Frangou and Anna Angelicoussis are two leading shipping married women, managing both ~27 m dwt. By 2016 we counted 77 leading Greek-owned shipping companies owning/managing almost 300 m dwt (93.5% of total Greek-owned fleet of 321 m dwt). Thus, the main suggestion for Nations wanting to excel in shipping is: “Create ship-owning families”! Leaders we consider those owning ≥1 m dwt each.
Highlights
Greek1 shipowners pursued all along a specific growth strategy and this way they arrived at top world positions, in the distant past, and in 2021, in a continuous manner for longer than 7 decades (Figure 1).The Greek-owned fleet increased from 170 m dwt, to ~349 m dwt, a double figure in 11 years, owning 4536 ships2 and an almost 18% share in global fleet
The number of Greek-owned shipping companies achieved a fast growth starting from 256 shipping companies in 1914, 600 by 2017, and 1057 in 1990
The way ship-owning families increased their size, the same way family members found their way towards creating their own, more powerful, shipping company! a decade, or so, ago, we considered shipping industry as one dominated exclusively by men, but this is not true anymore
Summary
Greek shipowners pursued all along a specific growth strategy and this way they arrived at top world positions, in the distant past, and in 2021, in a continuous manner for longer than 7 decades (Figure 1). Greek LNG fleet appeared in 2004, and doubled from 24 units (2012) to 48 (2014), and it is going to reach 104 ships by 2021 (by 28 on order). This indicates the global decisions to use less fossil fuels. Years 2008-13 indicate the halt of the growth of the Greek-owned fleet due to the global finance crisis in end-2008. The same occurred in 2019-2021 due to COVID-19 Despite these two adverse periods, the Greek-owned fleet over-doubled since 2002 and till 2021, from 165 m dwt to 350.5 m. It is possible that the growth of the pioneering fleets to be faster to gain the lost ground provided the Pandemic did not eliminate profits saved
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