Ceres Hellenic Shipping Enterprises
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Ceres Hellenic Shipping Enterprises
Ceres Hellenic Enterprises is a large traditional Greek ship management company based in London. It was founded by George Livanos in 1949, but family shipping interests in fact date back to 1824. It is currently run by Peter G. Livanos. It owns, operates, buys and sells bulk carriers, container ships and tankers. In 2000 its division Seachem Tankers Ltd. merged with the Norwegian-based Odfjell to create the Odfjell Seachem AS shipping company, one of the world's largest chemical tanker operators. In spring 2005, its tanker fleet was sold to Euronav and the company was specialised in the management of bulk cargo and LNG carriers. The company is private and has three major divisions: DryLog Ltd. (which makes investments in other companies involved in dry bulk shipping, as well as directly owning some ships), GasLog Ltd. (which owns LNG carrier ships and manages others under contract to multinational energy companies), and TankLog Ltd. (which is the second largest shareholder of Eu ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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George Livanos
George P. Livanos (9 August 1926 – 1 June 1997) was a Greek shipping magnate born in New Orleans, the son of Peter Livanos from Chios.Νικόλαος Καραμανλής, Άτλας της Ελληνικής Διασποράς, 2001, σελ. 84 He is often confused with his distant cousin, George S. Livanos, the sole son of Stavros G. Livanos, a legend in Greek shipping. After the end of World War II, Livanos served in the Transportation Corps of the United States Army, first in Japan and then in Korea, where he was a sea captain in Army ships carrying cargo.Νικόλαος Καραμανλής, Άτλας της Ελληνικής Διασποράς, 2001, σελ. 84 After earning a degree in Economics from the University of Athens, he founded his own company, Ceres Hellenic Shipping Enterprises, in 1949. Shortly after, he inherited his father's 30-ship fleet, which included the world's five largest supertankers. Livanos managed his business from Lausanne. With over 100 ...
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Peter Livanos
Peter G. Livanos (born 1958), is a Greek shipping tycoon. He owns the Greek shipping company Ceres Hellenic Shipping Enterprises, Ceres Hellenic, and was involved in the restructuring of the shipping company into the group Ceres Hellenic. Livanos lives with his family at Lake Geneva, Athens and London. He controls 100% of Ceres Hellenic Shipping, the largest Greek fleet, in terms of tonnage, and a smaller ferry line of Russian-made hydrofoils that serve the Greek Islands. Livanos is a graduate of Buckley School (New York City), The Buckley School in New York, Le Rosey in Switzerland and Columbia University in New York, from which he graduated with a B.S. degree in 1981. He is known for his yachting and was awarded an Honorary Doctorate of Science by the Massachusetts Maritime Academy. He was also a majority shareholder of the car manufacturer Aston Martin. According to the Bloomberg Billionaires Index, Bloomberg Billionaire Index, his net worth is estimated at $1.7 billion in 201 ...
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Odfjell
Odfjell SE is a company specialising in worldwide seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet comprises more than 80 ships in total. The ships transport around 600 different kinds of liquids, including organic and inorganic bulk liquid chemicals, acids, animal fats, edible oils, portable alcohols and clean petroleum products. Odfjell’s ships are mainly registered in Norway ( NIS) and Singapore, and are primarily manned by Norwegian and Filipino mariners. The tank terminal division consists of five tank terminals, located in Belgium, USA, South Korea and China. Odfjell Terminals is also part of a network in South America, consisting of another 11 tank terminals partly owned by related parties. Odfjell has offices in 13 locations around the world, and is headquartered in Bergen, Norway. The company employs around 2,300 people and posted annual gross revenue of USD 1083 million in 2021. Odfjell has a wide range of cus ...
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Euronav
Euronav is a Belgian international shipping enterprise which focuses on oil transport by sea. Euronav is considered to be one of the major independent global oil shipping firms. Euronav is in the process of merging with another leading oil tanker operator, Frontline Ltd., controlled by the John Fredriksen group. This merger, if executed, should be implemented in 2023. History Euronav provides complete shipping services in addition to its fleet of large tankers. The company is the successor to the Belgium tanker-owner European Navigation Company Ltd, an Isle of Man company, and to the French Compagnie Nationale de Navigation (CNN, at that time a subsidiary of the Worms Group (''Worms & Cie''). In 1995 European Navigation Company Ltd sold vessels, subsidiary, crewing and technical, management companies and goodwill to Euronav Luxembourg NV to form a joint venture between CNN and Compagnie Maritime Belge (CMB). In 1997 CMB acquired CNN and transferred Euronav Luxembourg NV into ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Merchant Ships
A merchant ship, merchant vessel, trading vessel, or merchantman is a watercraft that transports cargo or carries passengers for hire. This is in contrast to pleasure craft, which are used for personal recreation, and naval ships, which are used for military purposes. They come in myriad sizes and shapes, from inflatable dive boats in Hawaii, to 5,000-passenger casino vessels on the Mississippi River, to tugboats plying New York Harbor, to oil tankers and container ships at major ports, to passenger-carrying submarines in the Caribbean. Many merchant ships operate under a "flag of convenience" from a country other than the home of the vessel's owners, such as Liberia and Panama, which have more favorable maritime laws than other countries. The Greek merchant marine is the largest in the world. Today, the Greek fleet accounts for some 16 per cent of the world's tonnage; this makes it currently the largest single international merchant fleet in the world, albeit not the lar ...
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Distress Sale
A fire sale is the sale of goods at extremely discounted prices. The term originated in reference to the sale of goods at a heavy discount due to fire damage. It may or may not be defined as a closeout, the final sale of goods to zero inventory. They are said to occur in the financial markets when bidders who value assets highly are prevented from bidding on them, depressing the average selling price below what it otherwise would be. This lowering of the price can cause even further issues because it may be inaccurately perceived as signalling negative information. History The term is adapted from reference to the sale of fire-damaged goods at reduced prices. In ''Proceedings of the Fitchburg ass.Historical Society and Papers Relating to the History of the Town Read by Some of the Members'' the following entry is found: In December, 1856, the account of an extensive fire in the American House mentions the following occupants: E. B. Gee, clothing; T. B. Choate, drugs; J. C. ...
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Shipping Companies Of Greece
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production facility nea ...
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