Ceres Hellenic Shipping Enterprises

Last updated

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 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.

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. [1]

Related Research Articles

<span class="mw-page-title-main">Mitsui O.S.K. Lines</span> Japanese shipping company

Mitsui O.S.K. Lines is a Japanese transport company headquartered in Toranomon, Minato, Tokyo, Japan. It is one of the largest shipping companies in the world.

<span class="mw-page-title-main">Algoma Central</span>

The Algoma Central Corporation is the result of a reorganization of the Algoma Central Railway in 1990. The company claims assets in excess of $400 million and revenue of $280 million. Corporate headquarters is located in St. Catharines, Ontario, Canada.

Malaysian Bulk Carriers Berhad was incorporated on 19 November 1988. In 1995, it became the vehicle for a collaboration between Kuok Group and Global Maritime Ventures Berhad, a marine venture capital investment company funded by the Malaysian Government through Bank Industri & Teknologi Malaysia Berhad.

<span class="mw-page-title-main">Greek Merchant Marine</span> Fleet of merchant vessels that are registered in Greece

The Hellenic Merchant Navy refers to the merchant navy of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. As of 2020, Greece is the largest ship owner country in the world in terms of tonnage; with a total deadweight tonnage of 364 million tons and 4,901 Greek-owned vessels. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Today it is the second largest contributor to the national economy after tourism. The Greek fleet flies a variety of flags; however, some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.

<span class="mw-page-title-main">BW Group</span> Maritime company

BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs).  BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.

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.

<span class="mw-page-title-main">Sovcomflot</span> Russian shipping company

Sovcomflot is Russia's largest shipping company, and one of the global leaders in the maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil & gas production.

<span class="mw-page-title-main">Compagnie Maritime Belge</span>

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.

<span class="mw-page-title-main">Bahri (company)</span>

Bahri, formerly known as the National Shipping Company of Saudi Arabia, is a transportation and logistics company, positioned as the national shipping carrier of Saudi Arabia.

<span class="mw-page-title-main">Euronav</span>

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.

<span class="mw-page-title-main">COSCO Shipping Energy</span> Chinese shipping company

COSCO Shipping Energy Transportation Co., Ltd., stylized as COSCO SHIPPING Energy, is a Chinese oil tanker shipping company with its headquarters in Hongkou District, Shanghai. The company transports crude oil, LNG, and LPG. It is a subsidiary of COSCO Shipping. It is the world's largest oil tanker shipping company in terms of fleet capacity.

<span class="mw-page-title-main">Atlas Maritime</span>

Atlas Maritime is an international shipping company with a fleet of tanker vessels engaged in the worldwide transportation of crude oil and refined oil products.

<span class="mw-page-title-main">BP Shipping</span>

BP Shipping is the maritime arm of British headquartered global oil company, BP. The unit covers the marine transport, logistics and insurance requirements of all BP's global activities.

<span class="mw-page-title-main">London & Overseas Freighters</span>

London & Overseas Freighters Ltd. (LOF) was an ocean-going merchant shipping company that for most of its history was based in the United Kingdom.

Peter G. Livanos, 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.

<span class="mw-page-title-main">Pan Ocean</span>

Pan Ocean Co., Ltd. is a shipping company headquartered in Seoul, South Korea. It is an affiliated company of Harim Group.

Today Makes Tomorrow (TMT) is a Taiwanese shipping company that in 2008 directly owned some 60 ships, with many more on order, including dry bulk, crude, cargo, LNG, automobile, and cement carriers.

John Anthony Angelicoussis was a Greek billionaire, owner of the Angelicoussis Shipping Group.

<span class="mw-page-title-main">COSCO Shipping</span> Chinese shipping and logistics services supplier

China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services. COSCO Shipping was established in January 2016 by the merger of COSCO Group and China Shipping Group.

References

  1. "Investor presentation - SDCera JP Morgan Global maritime investment fund". www.sdcera.granicus.com. SDCera / JP Morgan asset management / Ceres. Retrieved 7 June 2018.