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76 Greek shipowners fleets’ top 1 million tonnes

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The continued growth of Greek shipowners sees 76-Greek-controlled fleets breaking the 1m dwt each barrier equalling the record set in 2020.

The 2022 list compiled from the 35th annual survey by Naftiliaki Greek Shipping Review sees the addition of two more fleets over 1m dwt than in 2021.

At the end of April, the 76 companies were trading 3,316 ocean going ships, some 100 ships more than at the same time in 2021, of a total of just under 350m dwt, an increase of 6.3m dwt over 2021 and considerably larger than the 2020 tonne-millionaire fleet of 3,250 ships of a total 338m dwt.

The growth reflects delivery of newbuildings to Greek interests as well as purchases made in the secondhand market, a sector in which the Greeks remain leading players. Another feature is the turnover of fleets in the list. This year there are six new entries while four have dropped out.

Diversity is a feature of the list. Eighteen of the 76 owners run dedicated fleets – eight of them bulk carriers, six of them tankers, two of them containerships and two gas carriers though there is a handful who run energy ships, tankers and gas carriers. The eight dedicated bulk carrier fleets total 1,349 units, some 40 ships more than 12 months ago.

Reflecting the move to greener shipping and the flow of tanker newbuildings into the Greek fleet overall, the 1,222 tankers now being run is some 150 more than at the same time in 2021. There are 452 containerships, 143 LNGs up 20 ships, and a steady 113 LPGs.

The Maran Group, built by the late John Angelicoussis and now led by his daughter Maria Angelicoussis, continues to top the table by someway, with Maran’s 141-ship fleet of some 26.4m dwt, one ship more and some 1.5m dwt in capacity more than in 2021. The group first assumed the top position among Greek owners in 2003, when Angelicoussis operated 46 ships of 7.4m dwt. In that year there were 44 operators of fleets of over 1m dwt.

Reflecting the growing presence of women in Greek shipping the Akti Miaouli-based Angeliki Frangou’s Navios stable is second on the list tonnagewise and continues to top the list of ships, with a diversified fleet of some 164 vessels – 83 bulkers, 44 tankers and 37 container ships of 16.82m dwt, some 17 ships and 1.7m dwt down on 12 months ago. The group includes the four US-listed Navios companies but not the 230 units in the Navios South American Logistic fleet.

George Economou-led TMS / Cardiff is third on the list, 124 vessels of 16.447m dwt ahead of Oaktree Capital-backed Peter Pappas-headed Star Bulk / Oceanbulk / Product Shipping / OCC, 15.8m dwt and 151 ships which is down some 500,000dwt and two ships on 2021, ahead of the George Procopiou-controlled Dyna-com / Dynagas / Sea Traders combined fleet of 15.05m dwt and 116 ships down from 15.9m and 119 ships.

Euronav Ship Management (Hellas), Dinos Martinos / Thenamaris, Angelicoussis’ sister Anna Angelicoussi / Alpha Bulkers, Alpha Gas / Pantheon Tankers, Diamantis Diaman- tidis / Delta Tankers / Marmaras Navigation, Tsakos Group, Costis Constantakopoulos-led Costamare Group and Andreas Martinos / Minerva Marine round out the top dozen.

Referring to the growing role of women in shipping, besides the two Angelicoussi and, Frangou, Ioanna Procopiou is a director of the Dynacom group, and ceo of the group’s Sea Traders while Diana Shipping, 19th on the list of ‘tonne millionaires’ is headed by Semiramis Paliou.

Further, the number of Greek-operated fleets of 20-plus units is 67, two down on last year as six fleets dropped out of the list to be replaced by four newcomers. Between them they control 3,488 ships of 316.31m dwt, some 53 ships more but just 300,000 dwt more than last year. A record number of the fleets, 11, are less than 1m dwt. Sixteen of the companies are linked to a listing on a stock exchange.

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