Modern Economy

Volume 12, Issue 5 (May 2021)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

How a Country Can Reach the Top World Shipping Position by Creating Leading Companies? The Late John Angelicoussis Case Study

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DOI: 10.4236/me.2021.125052    264 Downloads   1,457 Views  

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.

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Goulielmos, A. (2021) How a Country Can Reach the Top World Shipping Position by Creating Leading Companies? The Late John Angelicoussis Case Study. Modern Economy, 12, 1004-1034. doi: 10.4236/me.2021.125052.

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