The Methods Suggested by Theory for a Shipowner to Become Industry’s Leader
- 1 Department of Maritime Studies, Faculty of Maritime & Industrial Studies, University of Piraeus, Piraeus, Greece
- 2 Business College of Athens, Athens, Greece
Abstract
We showed the most important features of the Greek Shipping. Α brief case-study showing how a small agricultural and mountainous Nation, of less than 11m inhabitants, established, by 2025, 1440 international tramp shipping companies. Worth-noting was the fact that Greeks consistently looked after “economies of scale”, and of “lower age”, also in their 2 nd hand purchases as well as in ordering their newbuildings. Moreover, three neglected subjects were brought up: (a) the importance of the elasticity of Supply (of a ship space); (b) the changes in the maritime distances and (c) the meaning of the “price of oil” for tanker demand. In addition, an analysis took place for 2005-2012, where shipowners, for their first time, ordered tankers and bulk carriers during a continuous falling demand... In addition, this work dealt with 3 important subjects: “Financial Engineering”, “Financial Analysis” and “Income Statement Analysis”. In addition, the AI, robots, and nano-satellites etc. are considered how they are going to influence shipping in future.
- Arthur, W. B. (1990). Positive Feedbacks in the Economy. Scientific American, 262, 92-99. https://doi.org/10.1038/scientificamerican0290-92
- Battram, A. (1998). Navigating Complexity: The Essential Gu ide to Complexity Theory in Business and Management . The Industrial Society.
- Beder, T. S., & Marshall, C. M. (2011). Financial Engineering: The Evolution of a Profession . J Wiley & Sons. https://doi.org/10.1002/9781118266854
- Bookstaber, R. (2007). A Demon of Our Own Design: Markets, Hedge Fun ds, and the Perils o f Financial Innova tion . Wiley.
- 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
- Goulielmos, A. M. (2026). A Successful Shipowner Has to Learn How to Face the Shipping Cycles. Modern Economy, 17, 383-405. https://doi.org/10.4236/me.2026.173021
- Goulielmos, A. M., & Goulielmos, M. A. (2008). Do Nonlinear Tools Make a Difference in Handling Shipping Derivatives? International Journal of Transport Economics, 35, 345-371.
- Goulielmos, A. M., & Psifia, M. (2006). Shipping Finance: Time to Follow a New Track? Maritime Policy & Management, 33, 301-320. https://doi.org/10.1080/03088830600783301
- Keynes, J. M. (1936). The General Theory of Employment Interest and Money . Macmillan & Co Ltd.
- Lorange, P. (2009). Shipping Strategy: Innovating for Success . Cambridge University Press.
- Lorange, P., & Norman, V. D. (1973). Shipping Management . Institute of Shipping Research.
- Mandelbrot, B., & Hudson, R. L. (2006). The ( Mis )behavior of Markets: A Fractal Vi ew of Financial Turb ulence with a Preface on the Financial 2008 Crisis . Basic Books.
- Marshall, J. F., & Bansal, V. K. (1992). Financial Engineering: A Complete Gui de to Financial Innovation . New York Institute of Finance.
- Priesmeyer, R. H. (1992). Organizations and Chaos: Defining the Methods of Non- Linear Management . Q Quorum Books.
- Robbins, S. P., & Coulter, M. (2018). Management, Global Edition (14th ed.). Pearson.