Ceres Hellenic Enterprises is a large traditional Greek ship management company based in

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 Wester ...

. 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 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 ...

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 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 ...

and

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". ...

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 scheduled for mid-2002 and early 2003. Coeclerici held a 66% stake in the joint venture, while Ceres Hellenic contributed both ships and capital to the partnership. 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 Euronav, to which as mentioned it sold its tanker fleet in 2005). Some shares in Gaslog Ltd. (less than 50%) were sold to the public in March 2012 via an

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 investm ...

. In November 2015, Peter G. Livanos, through his investment company Ceres Investments (Cyprus), sold 9 million shares of Euronav, representing a 5.7% stake in the company. The sale, valued at approximately $123.75 million based on the then-current NYSE share price, reduced Livanos's holding in Euronav from 8.12% to 2.46%. The group purchases and operates merchant ships (often at distress sales) and sells them. It is a long term partner of JP Morgan Asset management for its maritime assets and investment department.

Sustainability initiatives

In 2022, Ceres launched ECOLOG, a venture dedicated to CO₂ transport as part of global

carbon capture Carbon capture may refer to: * 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 l ...

strategies.{{Cite web , date=2022-05-06 , title=Ceres Shipping invests in a fleet of 60 ships to carry CO2 , url=https://www.tovima.gr/2022/05/06/international/ceres-shipping-invests-in-a-fleet-of-60-ships-to-carry-co2/ , access-date=2025-05-02 , website=ΤΟ ΒΗΜΑ , language=el The company said it was going to start with the transportation of 5 million tons per year in 2025 to 2026 and reach 50 million tons by 2035.

References

External links

Ceres Hellenic Shipping Enterprises: Official Web Site
Shipping companies of Greece Gas shipping companies