Page 79 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - SEPT 2025

Ship management

companies

in Piraeus & Athens

Scientific advisor: An exclusive recording and analysis of data
Prof. Ioannis Theotokas sourced by Greek Shipping Publications (GSP)
University of Piraeus
Data analysis and commentary by the research
team of Naftika Chronika

Sponsored by

The longstanding leadership of Greek shipping entrepreneurship Economics and DNV, Athens ranks second after Singapore
is reaffirmed each year with the annual “Review of Maritime in the “Shipping Activities” category, despite losing ground
Transport 2024” by UNCTAD, which highlights the dominance in the overall ranking of global maritime hubs.
of the Greek-owned fleet in the bulk shipping markets. The growth rate of the Greek-managed fleet reflects the
According to the report, the Greek-owned merchant fleet strength of Greek shipping. Despite ongoing and significant
remains the leader in terms of carrying capacity, account- challenges in global maritime trade, the fleet has expanded
ing for 16.9% of the global fleet, while also leading in terms at a higher rate than in previous years.
of value, with 11.8% of the global fleet’s total value. This research contributes to the relevant literature by high-
Furthermore, as emphasised in a report by the Union of Greek lighting the structural characteristics of the fleet managed
Shipowners (UGS), the Greek-owned bulk carrier fleet repre- by companies located in Piraeus and Athens, as well as of the
sents approximately 25% of the global fleet in terms of capacity, companies themselves.
while the corresponding percentage for the tanker fleet On the following pages, the research team of Naftika Chronika
reaches almost 33%. presents the findings of the Ship Management Companies in
Based on data provided by Xclusiv Shipbrokers, almost one Piraeus and Athens annual research for the third consecutive
in four Panamax vessels and more than one in five Capesize year, continuing an initiative that started in 2023.
vessels in the global fleet are Greek-owned. Consequently, The research contains detailed data on ship management
Greek shipowners remain the dominant players in larger- companies located in Piraeus and Athens and their fleet, as
capacity vessels operating on long-haul routes. provided to the research team by Greek Shipping Publications
Piraeus and Athens are the ship management hubs of Greek (GSP) in April 2025.
shipping entrepreneurship, while the strength of the Greek- This research will be referred to as the “September 2025 issue
owned fleet consistently positions the region among the research” or “2025 research”. Similarly, the “January-February
world’s leading ship management centres. 2024 issue research” or “2024 research” is based on data pro-
This is further confirmed by the recent “International Shipping vided to the Naftika Chronika research team in 2023, while the
Centre Development Index (ISCDI) Report”, which highlights “January-February 2023 issue research” or “2023 research”
that the wider maritime cluster in Piraeus/Athens is gaining refers to data from 2022.
ground, as the Greek capital is home to a number of inno- Any changes recorded from the time of data disclosure to the
vative technology start-ups, working closely with the large time of publication in the respective research do not affect the
Greek shipowning community to develop unique and advanced structural characteristics of the companies or their managed
solutions that enhance the capabilities and efficiency fleet. They mainly concern the delivery, acquisition, or sale
of ship management companies. At the same time, according of a number of vessels, which is not sufficient to cause statis-
to the “Leading Maritime Cities 2024” report by Menon tically significant changes in the analysis.

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