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SHIPPING26 Shipsin the Aegean FleetAegean entered the shippingsector in 1996 when it beganoperations with the shipTheopisti. Now, seven years later, thecompany manages a fleet of 26 shipsranging from 3,000 to 100,000 DWT,is ISM-certified, and offers its servicesto major petroleum and tradingcompanies throughout the world.In 2003, Aegean Shipping renewedits contract with the Tunis governmentfor the transportation of crude oil. ThePPC (The Greek electric power corporation),the Hellenic Air Force, andGreek state refineries have signed contractswith Aegean to help meet theiroil cargo transportation needs.Shipping newsReal estate exclusively used by shippingcompanies as offices or warehousesfor operational needs are exemptedfrom real estate tax, accordingto Greek Law 89/67. The exemption isstipulated in article 15 of the tax lawand has been voted into law by Parliament.More specifically, the articlestates that the companies having partialrights on real estate in Greece payan annual tax amounting to 3% of thevalue of the property. Shipping companiesthat have set up offices inGreece under Law 89/67 and shipowners of cargo ships are exemptedfrom this liability for any real estatethey occupy in Greece, as long as it isused exclusively as offices or warehousesfor operational needs. The exemptionalso applies to companies whorent real estate to shipping companiesoperating under Law 89/67 as long asthe property is exclusively for companyoffices or warehouses.Greek shipping companies cannotafford to renovate Mediterranean cargoships and tankers on their own, accordingto Mr. N. Varvates, president ofthe Association of Mediterranean CargoShip Owners. Varvates made thecomment at the association’s annualmeeting. Following the TransportCouncil in Brussels approval of legislationrequiring renovation of tankers,the association is lobbying to incorporatefinancial incentives for fleet renovationinto the new development law inorder to help shipping companies managethe cost. The association is alsocontinuing to lobby for a reduction ofcrew on Mediterranean ships.Aegean AgencyAegean provides general shipping and agencyservices to ships calling at any Greek port andthe port of Gibraltar. The Agency staff are specializedin a variety of areas and serve any sizeor type of ship, including VLCC, small tankers,bulk carriers, refer vessels, and ships carryingpetroleum, chemicals, ore, coal or any othercargo. Services include loading and discharging,bunkering, dry-docking, repairs, crew changes,water provisions, spare parts, supplies, shipdeliveries, and other maritime assistance, includingoff-shore services. Aegean strives to serve itsclients with a high degree of efficiency so thatexpenses are kept to a minimum. Agency staff,who also service the needs of Aegean's fleet of26 tankers, provide immediate and reliable service24-hours a day. Aegean, an associate memberof INTERTANKO, is the first agency in theworld to provide online service.24 AEGEAN NEWS SPRING 2003
MARITIME TRADITIONSOcean linersThe Rise and Fall of GiantsGreek Ocean liners first appeared at the beginning of the 20 th century and became well-knownin the years between World War I and World War II—the period of the mass emigration.The wave of emigration at the beginningof the 20 th century necessitatedocean liners to connectGreece with the Greek communitiesbeing created across the Atlantic.Before the appearance of Greek-ownedvessels, Greek emigrants used foreignshipping companies to travel to NorthAmerica. The ocean liners were irrevocablyconnected with this great but embitteringera, when passengers wereloaded on ships without basic comforts.MoraitisThis venture was undertaken by one ofthe leaders in Greek shipping, DimitriosG. Moraitis (1866–1942). In 1907, thefirst Greek ocean liner began sailingthe Piraeus–New York route. The venturewas extremely difficult to financegiven the state of the economy duringthat period. Moraitis, however, was partof a shipping family from Andros, andthrough his resourcefulness convincedmany financiers and distinguishedmembers of Athenian society to becomeshareholders in what was to become theHellenic Transoceanic Steam NavigationCompany. He ordered two oceanliners from England: the Moraitis,weighing 6,045 gross tons, and theAthinai, weighing 6,742 gross tons.Unfortunately, his attempt to createthe first Greek trans-Atlantic line wasunsuccessful. A year after he began, thecompany went bankrupt. The companywas followed by the Transoceanic GreekSteam Navigation company, backed byMoraitis’ original shareholders. However,this company failed as well.EmpirikosAnother businessman made Moraitis’vision come true. In 1912, the TransoceanicGreek Steam Navigation companywas bought out by the NationalSteam Navigation of Greece, a firm establishedby Leonidas A. Empirikos,whose ocean liner, the Patris, had beentransporting passengers between Piraeusand New York. Soon after, Empirikosadded to his fleet a very modernship, the Macedonia, that took just 12days for the trip—then a record time! TheMacedonia, however, met its end when itsank outside the island of Syros afterbeing bombarded by the Turkish cruiserChamidie during the Balkan wars.The events of the following years createdmany economic hardships forGreece, and many ship-owners plungedinto debt. One successful ocean liner operation,and one among very few in theGreek pre-war era, was the Goulandrisfamily's Greek Line. Its ship, the Nea Ellas,operated between Athens and NewYork until 1939.1945–1970After World War II, the need fortransoceanic liners became more compellingdue to the new wave of emigrationto North America. One of the shipsspecializing in the transoceanic routewas the Atlantic (later renamedVasilissa Frideriki) belonging to theship owner Evgenidis. Together with theOlympia, the Vasilissa Frideriki coveredthe Greek-North American route until1956 with modest success. However,the introduction of airplanes and thedevelopment of tourism in the mid-1960s heralded the beginning of theend for Greek ocean liners. Mostship-owners began gradually withdrawingtheir ships from theAthens–New York route to focus onthe new and promising cruise business.The demand for ocean linersswiftly decreased, as did emigration,which had been the drivingforce of profitability for theseships until the 1950s.Source: A. I. Tzamtzis, GreekOcean Liners (Militos publisher)
Page 1: Aegean NewsT H E Q U A R T E R L Y
Page 5 and 6: contents8AkisTsohatzopoulosdiscusse
Page 7 and 8: Dimitris MelissanidisAn Interview w
Page 9 and 10: Greece & Turkey Sign Pipeline Agree
Page 11 and 12: Our EuropeSharing the Futurein a Co
Page 13 and 14: 45International Petroleum Prices: 1
Page 15 and 16: PHOTOS: YIORGOS DEPOLLASSPRING 2003
Page 17 and 18: The New Faceof OLP(PIRAEUS PORT AUT
Page 19 and 20: KILKIS SERRESPELLA 1020FLORINA231TH
Page 21 and 22: LUBRICANTSAegean and ChevronTexacoA
Page 23 and 24: Sales and AestheticsOn the UpswingT
Page 25: offer high-quality services. That i
Page 29 and 30: 10Can an ambitious programto promot
Page 31 and 32: FORUMBilateral Trade RelationsHow i
Page 33 and 34: A look that saysTHE AEGEAN IMAGE“

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