Greece Shipping & Logistics

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Discovery Reports

Specialists build on experience and knowledge

Industry Reports by Synergy Media Specialists

PUBLISHED : Wednesday, 17 October, 2012, 11:32am
UPDATED : Monday, 27 May, 2013, 2:27pm

In the 1950s, the late Konstantinos Diamantis was one of the first Greek shipowners to establish a close working relationship with leading international oil companies such as Shell and Indonesia's Pertamina. Hellenic Carriers management team prides itself in its former tanker experience, efficiency and safety record.

With a shift in focus to the dry-bulk market, the company has chartered vessels to Sinochart, Cosco Bulk and other leading AAA charterers from around the world.

"Given the highly specialised nature of the tanker industry, we were able to use our experience and knowledge to successfully enter the dry bulk segment in 2000," says Fotini Karamanli, CEO of Hellenic Carriers, a company listed on AIM, the London Stock Exchange's international market for smaller, growing companies, and a third-generation descendant of Diamantis.

"We feel the dry bulk shipping industry has tremendous potential considering the growth of urbanisation in the Far East."

The company operates a diverse fleet of two Panamax vessels, one Handymax and one Supramax.

Next year will see the company take delivery of two 82,000-tonne Kamsarmax vessels from Zhejiang Ouhua Shipbuilding yard in China.

The large Kamsarmax vessels will be capable of loading cargo at the world's largest bauxite port, Port Kamsar in Equatorial Guinea. Following the delivery of the two Kamsarmax vessels, the company will have a total carrying capacity of approximately 398,550 dwt and a weighted average fleet age of 11 1/2 years.

"Our plans are to continue with our expansion strategy and fleet renewal programme," Karamanli says.

"We understand that all aspects of our industry are shifting towards Asia - from shipbuilding, chartering and even financing," she says.

"As we move to capitalise on the changes taking place in our industry, we will continue to view China as an integral part of our business."