More than half of the tankers, container ships and cargo ships registered in our national register belong only to 18 Greek shipowners.

Also important is that out of the 200 largest Greek interests, shipping companies have 146 ships with a Greek flag, and only 54 companies have at least one ship. In other words, support for the Greek flag is limited to a small number of Greek shipowners, while most follow the business tactics of avoiding the Greek register. The reasons for choice are different and constitute a “secret seal” of their business activity.

However, the most striking feature of the data on the Grikos fleet that we have to keep is that John Aggelikousis of the 119 ships operating the 105 ships is under the Greek flag while the majority are staffed with Greek Navy officers.

We have to take into account that his sister, Anna Angelikiou, has in the Greek flag 31 ships out of 51 that its companies own. That is, the two siblings, the children of Antonis Aggelikos, who excelled in the battles of the Second World War and of course the kidnapping of General Kraipe in Crete, have a total of 136 ships in the Greek flag. In order to understand the size of the offer by John and Anna Angelikous, one of the seven sea-going vessels that have the Greek flag belong to the family companies.

Significant is the presence in the Greek flag of Andreas Martinou with 42 vessels, which over the last few decades has supported the national register. Similar is the offer of Diamanti Diamantidis, which has 37 ships.

Two important factors in shipping, Panagiotis Tsakos together with his son Nikos Tsakos and Konstantinos Angelopoulos, together with his children Giorgos and Panagiotis, have been supporting the national register for many decades and with multiple parallel actions inside and outside Greece.

The family of Grigoris Hatziheleftheriadis, Kertsikov, Karastamatis constantly supports the Greek flag as well as the traditional shipping families of N. Lykiardopoulos, KM. Lemos, by G. Koumantaros, Alafouzou, I. Latsis Group, as well as the successors of the prominent ship owners, Peter G. Livanos, Grigoris Kallimanopoulos and G. Chandris.

Of course, there are other Greek shipowners who have fewer vessels in the Greek flag. Angeliki Frangou with 5 ships out of the 143 managed, George Economou with 7 ships out of 114, Konstantinos Konstantakopoulos with 3 ships out of the 68 he holds, the heirs of the IM. Carat with 6 ships, Diamantis Lemos with 8 ships, Periklis Panagopoulos with 2 ships, Kinetic Shipping with 7 ships, Goulandris brothers with 3 ships.

In the opposite direction of the shipowners who support the Greek flag are several important shipowners who do not have any Greek-flagged vessel, such as George Prokopiou, which has 104 ships, Haris Vafias, with 88 ships, the Capital of Vangelis Marinakis and Gerasimos Kalogikaratos, which has 63 ships, Petros Pappas, with 96 ships and more.

Loans to Greek companies fell in 2016
In addition to the shipowners’ flagging policy, they also have to deal with how to finance the shipbuilding, repair and management of their ships.

According to the recent study by Petrofin Research, loans to Greek shipping companies declined last year (2016) compared to 2015. More specifically, loans fell to 8.77% and total lending fell to 57.21 billion dollars from $ 62.71 billion.

Analysts point out that this decline is the largest percentage drop since 2009. In particular, the disbursed loans fell by 5.43%, while the approved but not disbursed decreased in 2016 compared to the previous year 38%.

According to the recent study by Petrofin Research, loans to Greek shipping companies declined last year (2016) compared to 2015. More specifically, loans fell to 8.77% and total lending fell to 57.21 billion dollars from $ 62.71 billion.

Analysts point out that this decline is the largest percentage drop since 2009. In particular, the disbursed loans fell by 5.43%, while the approved but not disbursed decreased in 2016 compared to the previous year 38%.

We also point out that the total exposure of the five Greek banks decreased by 4.93%, but the market share increased in 2016 compared to 2015 from 14.63% to 15.25%. It is worth noting that the loan portfolio of Greek banks to shipping amounts to $ 8,721 billion from $ 9,173 billion in 2015.

The Greek bank with the most loans in the shipping sector is Piraeus, with $ 2.73 billion not included in these loans in coastal shipping. National Bank has a portfolio of $ 2.37 billion, Alpha Bank $ 2.19 billion, Eurobank $ 1.227 billion, and Aegean Baltic Bank $ 0.205 billion,

Savvas Athanasiou
sathanasiou@e-typos.com
From the slogan Sunday Free Press Economy

Source: www.eleftherostypos.gr