How Greek Shipowners Financed Their Investments in Newbuildings and in Second Hand Ships?

Abstract

We dealt with what the Greek shipowners achieved in the World and in the EU. What was their year to year growth between 1949 and 2026? What does an ex University Professor have to suggest to them so that they can be prepared to face the frequent recessions and the rare depressions? Our empirical study indicated the way Greek-shipowners have financed their investment. For the Banks’ support, one has to add it to the reasons out of which Greek-owned shipping has progressed so well. Seven case-studies mentioned where Greeks failed, or were successful, in their relationship with their bankers or bond and capital markets. Greeks, out of the fear of being taken over, avoid the international Stock Exchanges and rely heavily on commercial banks. There, the Greeks try to get as much as possible as a loan on the value of their vessel.