How a Country Can Reach the Top World Shipping Position by Creating Leading Companies? The Late John Angelicoussis Case Study
- 1 Department of Maritime Studies, Faculty of Maritime and Industrial Studies, University of Piraeus, Piraeus, Greece
- 2 Shipping, Transport and Logistics Department, Business College of Athens, Athens, Greece
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.
- Archibald, G. C. (Ed.) (1971). The Theory of the Firm, Selected Readings. UK: Penguin Education.
- Besanko, D., Dranove, D., Shanley, M., & Schaefer, S. (2013). Economics of Strategy (6th ed.). Singapore: Wiley.
- Couper, A. D. et al. (1999). Voyages of Abuse: Seafarers, Human Rights and International Shipping. London & VA, USA: Pluto Press.
- Goulielmos, A. M. (1997). The Factors Determining the Foreign Exchange Inflow from Shipping Companies in Greece: During the Deep and Prolonged Crisis, 1981-1987. Piraeus: Department of Maritime Studies, University of Piraeus.
- Goulielmos, A. M. (1998). Flagging-Out and the Need for a New Greek Maritime Policy. Transport Policy, 5, 115-125. https://doi.org/10.1016/S0967-070X(98)00005-5
- Goulielmos, A. M. (2000). A Proposed Shipping Policy to Counteract Flagging-Out: The Paradigm of Greece. Maritime Economics & Logistics, 2, 27-47. https://doi.org/10.1057/ijme.2000.5
- Goulielmos, A. M. (2018). The “Modern Greek Maritime Policy”, 1953-2018: A Critical Review of Its Legal, Economic and Institutional Framework. Modern Economy, 9, 1190-1212. https://doi.org/10.4236/me.2018.97078
- Goulielmos, A. M. (2020a). Society in Front of 2 Enemies: COVID-19 & Climate Collapse/Their Impact on Shipping Industry. Modern Economy, 11, 2006-2026. https://doi.org/10.4236/me.2020.1112134
- Goulielmos, A. M. (2020b). The Investment Strategy and the Growth Policy of Greek Shipowners Revealed, 1946-2020. Modern Economy, 11, 1858-1886. https://doi.org/10.4236/me.2020.1111125
- Goulielmos, A. M. (2021a). To Be or Not to Be Listed? A Dilemma of the Greek-Owned Cyclical Shipping Companies, 1993-2018. Modern Economy, 12, 401-428. https://doi.org/10.4236/me.2021.122021
- Goulielmos, A. M. (2021b). Why the Perfect Timing Achieved by the Managers of Shipping Companies Is So Important? Modern Economy, 12, 597-622. https://doi.org/10.4236/me.2021.123031
- Harlaftis, G. (1996). A History of Greek-Owned Shipping: The Making of an International Tramp Fleet, 1830 to the Present Day. London & New York: Routledge.
- Henderson, J. M., & Quandt, R. E. (1958). Microeconomic Theory: A Mathematical Approach. New York: McGraw-Hill Book Co, Inc.
- Keynes, J. M. (1936). The General Theory of Employment Interest and Money. London: MacMillan & Co Ltd.