CONSOLIDATION IN GREEK SHIP-MANAGEMENT?

Greek Shipmanagement has developed rapidly over the last 30 years. Propelled by Greek Enterprise, an aptitude to shipping and the successful handling of shipping risk, Greek Shipping and Greek Shipmanagement have firmly occupied the top spot for over 2 decades. Greek owned tonnage (directly or indirectly) accounted in 1998 for 130 million DWT or approximately 17% of the World fleet.

Whereas, however, most competitive shipping nations have tended to concentrate their shipping among fewer and larger ship entities, leading to the virtual disappearance of the small shipowner, Greek Shipping has tended to develop in a completely different mode. Its development has been characterised by a plethora of small Greek companies managing but only a few ships. In short, the Greek Shipmanagement industry has been highly fragmented.

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