As the Greek-owned merchant fleet remains one of the world’s biggest, ranking first in tankers, second in dry bulk carriers, second in LNG tankers and container ships, Greek ship-owners see their investments skyrocket.
One in five ships under construction belong to Greek ship-owners, and one in three ships are bought by Greek shipping companies, with the 40 Greek shippers controlling around 10.5 percent of the world’s cargo capacity, and 9.18 percent of the world’s tonnage.
The Greek-owned fleet has managed to compete directly with big shipping countries such as China and Japan, continuing its long tradition in shipping and the successful course demonstrated by Greek ship-owners. The Greek-owned fleet in April comprised 4,894 vessels with 291,735,318 deadweight tonnage (dwt) and 168,922,455 gross tonnage (gt), leaving Japan second, and China third.
According to data from the biggest global ship-broker company Clarkson’s, the top Greek ship-owners who stand out in the international shipping industry are:
- John Angelicoussis’ companies include Anangel, Maran Tankers and Maran Gas, and comprise 114 vessels with 20,581,974 dwt and 12,088,789 gt. Angelicoussis ranks first among Greek shippers and eight in the world ranking.
- George Economou is CEO of Cardiff Marine and Dryships groups, and his fleet comprises 128 ships with 16,433,577 dwt and 9,177,969 gt. 22 of the ships are currently under construction, while 37 are registered in Greece.
- George Prokopiou’s Dynacom has 95 vessels with 12,486,682 dwt and 7,443,560 gt.
- Angeliki Frangou is CEO of Navios group and comprises 117 vessels with 11,252,528 dwt and 6,268,888 gt. She ranks 19th in the world’s shipping ranking.
- Petros Papas’ group includes companies Ocean Buk, Star Bulk, and PST Tankers, and has 83 ships with 9,141,075 dwt and 5,059,602 gt.
- The shipping group of Nikos Tsakos comprises 62 tankers, 12 dry bulk carriers, 2 LNG tankers, 7 container ships, 1 ro-ro, and 1 support ship with 8,069,708 dwt and 4,538,878 gt.
- Euronav and GacLog owned by Peter Livanos comprise 48 vessels with 8,002,370 dwt and 5,198,364 gt.
- Victor Restis owns 84 vessels with 7,198,505 dwt and 3,896,054 gt.
- Marmaras Navigation owned by Diamantis Diamantidis comprises 52 ships with 7,015,218 dwt and 3,699,812 gt. 42 vessels are registered in Greece.
- Andreas Martinou’s Minerva Marine includes 54 vessels with 6,422,434 dwt and 3,457,921 gt.
It is noted that although the Greek-owned merchant fleet is smaller than those of other countries, Greek shippers rank first as they invest in vessels with larger holding capacity and dwt.