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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. The Livanos family's maritime legacy dates back to 1824, and Ceres continues to be family-controlled. 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 2001, the company entered into a joint venture with Italian shipping company Coeclerici, forming Coeclerici Ceres Bulk Carriers N.V. This collaboration combined their Capesize and Panamax fleets, creating a fleet of 19 vessels with a total gross tonnage exceeding 2.3 million tons. As part of this initiative, two Capesize vessels were ordered from Japanese shipyards, with deliveries ...
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London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ...
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George Livanos
George P. Livanos (9 July 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 sometimes confused with his cousin, George S. Livanos, the sole son of Stavros G. Livanos, a legend in Greek shipping and the founder of the Livanos shipping empire. 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 manage ...
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Peter Livanos
Peter G. Livanos (born 1958), is a Greek shipping tycoon. He owns the Greek shipping company 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 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 Billionaire Index, his net worth is estimated at $1.7 billion in 2015 and he has been ranked among the wealthiest Greeks. He is the son of the shipping magnate ...
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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 crewed by Norwegian and Filipino mariners. The tank terminal division consists of four tank terminals, located in Belgium, USA and South Korea. Odfjell Terminals is also part of a network in South America, consisting of another 10 tank terminals partly owned by related parties. Odfjell has offices in 12 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 custome ...
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Capesize
Capesize ships are the largest dry cargo ships with ball mark dimension: about 170,000 DWT (deadweight tonnage) capacity, long, beam (wide), draught (under water depth). They are too large to transit the Suez Canal ( Suezmax limits) or Panama Canal ( Neopanamax limits), and so have to pass either Cape Agulhas or Cape Horn to traverse between oceans. When the Suez Canal was deepened in 2009, it became possible for some capesize ships to transit the canal and so change categories. Routes Major capesize bulk trade routes include: Brazil to China, Australia to China, South Africa to China and South Africa to Europe. Classification Ships in this class are bulk carriers, usually transporting coal, ore and other commodity raw materials. The term ''capesize'' is not applied to tankers. The average size of a capesize bulker is around 156,000 DWT, although larger ships (normally dedicated to ore transportation) have been built, up to 400,000 DWT. The large d ...
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Panamax
Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design. The allowable size is limited by the width and length of the available lock chambers, by the depth of water in the canal, and by the height of the Bridge of the Americas since that bridge's construction, along with the clearance under the Atlantic and Centennial Bridges since their constructions in 2019 and 2004 respectively. These dimensions give clear parameters for ships destined to traverse the Panama Canal and have influenced the design of cargo ships, naval vessels, and passenger ships. Panamax specifications have been in effect since the opening of the canal in 1914. In 2009, the ACP published the ...
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Euronav
Euronav is the crude oil tanker division of CMB.TECH, which consists of VLCCs, Suezmaxes and FSOs. History Euronav is the successor of European Navigation Company Ltd, a tanker shipping company acquired by the French shipping company Compagnie Nationale de Navigation (CNN). In 1995 European Navigation Company Ltd merged into a joint venture with the Belgian national shipping line Compagnie Maritime Belge The Compagnie Maritime Belge (CMB) is one of the oldest Antwerp ship-owners. It is controlled by the Saverys family who also own major stakes in the Exmar and Euronav groups. History CMB was founded in 1895 under the name Compagnie Belge Maritim ... (CMB) and continued under the name Euronav Luxembourg NV. In 1997 CMB acquired CNN and transferred Euronav Luxembourg NV into the full ownership of CMB. Euronav had thus become the wholly owned tanker division of CMB. In 1997, the management decided to renew the tanker fleet of six single-hull ships with a series of double-hull ...
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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 ...
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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 a myriad of 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 no ...
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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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Carbon Capture And Storage
Carbon capture and storage (CCS) is a process by which carbon dioxide (CO2) from industrial installations is separated before it is released into the atmosphere, then transported to a long-term storage location.IPCC, 2021Annex VII: Glossary atthews, J.B.R., V. Möller, R. van Diemen, J.S. Fuglestvedt, V. Masson-Delmotte, C.  Méndez, S. Semenov, A. Reisinger (eds.) IClimate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change[Masson-Delmotte, V., P. Zhai, A. Pirani, S.L. Connors, C. Péan, S. Berger, N. Caud, Y. Chen, L. Goldfarb, M.I. Gomis, M. Huang, K. Leitzell, E. Lonnoy, J.B.R. Matthews, T.K. Maycock, T. Waterfield, O. Yelekçi, R. Yu, and B. Zhou (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, pp. 2215–2256, doi:10.1017/9781009157896.022. The CO2 is captured from a large point source pollution, point source, such as a natural gas ...
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Shipping Companies Of Greece
Freight transport, also referred to 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. History Prehistoric Era Initial human civilization relied heavily on domesticated animals, such as horses, camels, and donkeys, to transport their goods. The invention of the wheel in Mesopotamia in 5000BC improved this efficiency by allowing for carts and carriages to be created, which animals could pull. Classical Era Romans The Romans built a vast network of roads, which facilitated trade across the numerous cities in its empire. Silk Road Transport along the silk road, a land-based route, was generally done through caravans, equipped with ca ...
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