Author(s)

Alexandros M. Goulielmos^1,2

¹Marine Economics, University of Piraeus, Piraeus, Greece.
²Professor Emeritus of Transport and Shipping Logistics, Business College of Athens, Athens, Greece.

We have written-down our maritime experience and especially we showed the fact that certain decisions have a substantial time element. These decisions had to be taken before, if we had the proper knowledge. We have showed what is this knowledge. One prime and important truth is that a shipping company is cost-dependent, and the successful shipping manager is the one who has obtained a clear and deep knowledge of costs. Amongst costs, capital cost is the Goliath, and this is determined at the time of purchase. In all maritime costs, a strategy can be applied as shown. What in fact we have suggested is that a clever shipowner starts and stays in the 2^nd hand markets! Given that certain shipowners are empirical, and only the new generation has obtained postgraduate education, and for our students, we provided an analysis of the shipping market mechanisms. A great lesson is that the price for shipowners is given, and only cost has to be adjusted. Unfortunately, since 2008, shipping markets remain depressed at 3199 units for the BDI in 23/07/2021 against 12,000 units’ top. We showed something unbelievable for maritime history, which is that in 2004 a 2^nd hand ship priced $53m more than the new-building one!! The crew cost has attracted our attention as the role of shipping is important to provide employment to nations and especially to poorer ones to the extent of 1.89 m persons. China could provide the 89,510 officers missing in next 5 years for the 74,000 ships, if it so wants, with rapid education in English. The important fuel cost was also presented. Is the next shipping fuel the hydrogen, or the ammonia, or the LNG? Can technical progress in shipping main engines bring a revolution? i.e., with a new cheaper and environmentally friendly fuel? With a spot crude oil price of Brent in 2011 of US$ 115 per barrel, the new fuel is a great hope! While the speed of the vessels is a strong technological factor; this is unfortunately connected to fuel consumption, as shown.

Six Issues in Shipping Business to Be Taken in Time, The Shipping Market Equilibrium, The Role of Distances, Anatomy of Maritime Costs, 2^nd Hand Ship Prices in 2004, The International Labor Sea Cost, Crude Oil Prices, 1976-2011, Port and Insurance Costs

Goulielmos, A. (2021) When in Shipping, Do as Greeks Do: For a Successful Creation and Management of a Shipping Company Dealing with Tankers and/or Bulk Carriers. Modern Economy, 12, 1537-1562. doi: 10.4236/me.2021.1210078.