Company

Characteristics

Company

Characteristics

“Troodos” (1961)-

Hajiioannou L—Greek/Cypriot; 7 ships (1976): 201,461 dwt;

21 tankers, ~3 m dwt (1985)

Thenamaris (1969-70)—made-up of 3 brothers plus their Mother Athina—38 ships 634,872 dwt (in 1976)

58 ships, 2.24 m (1985); fleet variety: general cargo—box—heavy lifters—bulk—bulk/ore—product carriers—tankers—car carriers

“Mayamar”,

Mavracakis J (1968)

Considered a clever trader, buyer & seller of tankers, focusing on the 85 - 135,000 dwt range; 1.8 m dwt

Lelakis Antonis (1971)

44 ships, 1.63 m dwt; applying timing to 2nd hand market & good bargains out of enforced auctions (“E Hsu” ships & ships destined to be scrapped)

Ceres, Livanos G P (*) (1976) -traditional

73 ships, 2.63 m dwt; 50 delivered in 1969-1972—mini-bulkers 3100 dwt (innovator)

Buenamar, Embiricos family, (mid-1970s)—traditional—from Andros

28 ships, 2.10 m dwt; managed by Epaminondas

Hellespont,

Papachristidis Fr. (founder); son: Basil; (**)

24 ships, 1.96 m dwt; 8 tankers in 85 - 125,000 range; bareboat charters of 3 - 7 years

Polembros, Polemis Spy. (1976) —traditional (***)

17 ships, 1.32 m dwt

C Ventures NY— Culukundis—traditional

12 ships, 1.74 m dwt

Bilinder, Latsis J (****)

24 ships, 1.61 m dwt; in banking & refineries

Varnima, Vardinoyannis, with a Greek-based refinery (*****)

34 ships, 1.28 m dwt

Total 11 companies à

20m (from 6 m dwt in 1970)