TITLE:
How a Country Can Reach the Top World Shipping Position by Creating Leading Companies? The Late John Angelicoussis Case Study
AUTHORS:
Alexandros M. Goulielmos
KEYWORDS:
The Role of Ship-Owning Families in Greek-Owned Shipping Industry, 1970-2016 the Number and the Capacity (dwt) of Greek-Owned Shipping Companies, 1970-2016 the Greek Way to Become Champion in World Shipping Industry
JOURNAL NAME:
Modern Economy,
Vol.12 No.5,
May
27,
2021
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.