DNV+Tanker+Update+No%2E+2+2008

Greek shipping in a new era. Shipping is arguably the oldest form of occupation of the Greeks. Greece has the largest merchant marine in the world (at 95.6 mil.t.). It is the second largest contributor to the Greek economy after tourism and forms the backbone of world shipping.

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Text and photos: Magne A. Røe, except where otherwise stated.

Data: 16 września 2008

Dear reader,

At the end of April this year, 3,133 crude oil and product tankers above 10,000 deadweight tons (dwt) were in operation. This amounts to more than 348.8 million dwt.

Greek shipping

Shipping is arguably the oldest form of occupation of the Greeks. Greece has the largest merchant marine in the world (at 95.6 mil.t.). It is the second largest contributor to the Greek economy after tourism and forms the backbone of world shipping.

Quality pays dividends for Arcadia

Greek shipowner Arcadia has been named Greek Tanker Company of the Year 2007 by the shipping newspaper Lloyds List in London.

Both business and hobby

George J. Procopiou’s business card states that his title is Civil Engineer. That fits very well with the personal style of Dynacom, a family-operated company in Glyfada, just outside Athens in Greece.

Building people fit for purpose

The headlines scream on a daily basis: “Manning Crisis the Biggest Challenge Facing Shipping”, “Crew Compromises Mean Safety Crisis” and “Crew Shortages to Get Ugly.” How did we as an industry get ourselves into this situation and what can be done about it?

Revision of MARPOL Annex VI and the NOx Technical Code

The IMO has approved reduced sulphur limits for fuel oils and new NOx emission limits, including limits for pre-2000 ships!

A trendsetter in Greek shipping and environmental efforts

Angelicoussis Shipping Group Ltd, headquartered in Athens, is a leading Greek ship owner operating in the dry bulk (Anangel Maritime Services) and gas carrier (Maran Gas Maritime) markets and also manages a tanker fleet – Kristen Navigation Inc.

Impressive growth rate for Tsakos Energy Navigation (TEN)

Tsakos Energy Navigation Ltd ex-Maritime Investment Fund or (MIF), the oldest Greek-based public tanker company, was founded by Nikolas P. Tsakos in 1993 and listed on the Oslo Stock Exchange.

Best class society in the Middle East

DNV has been chosen as the best class society in the Middle East and Indian Subcontinent by the maritime magazine Seatrade.

The oil tanker sector

The oil tanker market is by far the most volatile of all the shipping segments. Freight rates are subject to severe ups and downs, usually triggered by a temporary supply/demand shortage.

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