Tuesday, June 14, 2022
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Maritime CEO Posidonia particular launches


As befits {a magazine} heading to the Splash-sponsored Posidonia exhibition in Athens subsequent week there’s a decidedly Greek really feel to this concern.

Greek house owners, finance, wine and journey are all within the highlight as is the unending debate over the deserves of being a public or a personal shipowner.

On the quilt is Simeon Palios, a well known Greek businessman and transport veteran who has spent greater than 50 years within the trade. He based Diana Delivery Companies in 1972 and is presently the chairman of Athens-based bulker proprietor Diana Delivery and president of Diana Delivery Companies.

Coming from the island of Chios, the birthplace of many highly effective Greeks, Palios has been named the “game-changer” of Greek transport many occasions throughout his journey.

He remodeled Diana Delivery from a purely household enterprise that started to develop its fleet in partnership with family and friends, into a global funding agency listed on the New York Inventory Trade.

“I’ve had no regrets or doubts that it was the appropriate factor to do for the long-term survival and development of the corporate,” he stated, interviewed at Capital Hyperlink’s latest Greek transport occasion.

“It was additionally the one approach ahead in pursuing a profitable enterprise technique, which I and my senior administration needed to set out as a long-term marketing strategy for Diana Delivery,” Palios stated.

Palios’ profession path consists of being an ensign within the Greek Navy, a naval architect, and a marine engineer after graduating with a bachelor’s diploma from Durham College.

His maritime contributions embrace membership in main classification societies and repair on the board of the UK Freight Demurrage and Protection Affiliation. He was additionally chairman at Efficiency Delivery.

When it comes to the place he sees the transport trade, taking into account the financial and geopolitical circumstances, Palios lately informed Capital Hyperlink that covid, which he additionally fought off again in 2020, is inflicting the trade plenty of issues, particularly in China, the place the shipyards don’t perform correctly and shipowners have delays in passing surveys and doing repairs, taking away a considerable amount of tonnage from the supply-demand equation.

Close to alternatives, Palios thinks that plenty of wants haven’t been fulfilled by transferring iron ore, coal, or, for that matter, gasoline oil or fuel, and it must be crammed by the top of this yr. “The consumptions are working on about 4% a yr on a cumulative foundation so I’m optimistic that transport goes to do properly,” he asserted.

This yr’s Capital Hyperlink Greek Delivery Management Award was awarded to Palios in recognition and honour of his excellent contribution to the transport trade.

Commenting on the award, Palios mirrored on his skilled profession, which he believed was guided by respect, decency, and transparency for the reason that institution of Diana Delivery Companies.

Three phrases additionally got here to him when pondering of dealings within the worldwide world of transport: transparency, self-discipline and readability which he harassed are all so essential but generally both ignored and even made enjoyable of by many.

From the early days, Palios managed to pick and work with good and trusted companions and workers, all of whom have been devoted to the enterprise and its success.

“Name it luck, or skillful alternative of associates; it actually doesn’t matter as a result of it doesn’t change the truth that the group of senior common executives gave me the prospect to make the most of work alternatives as they offered themselves all by way of the peaks and troughs of the transport cycle,” he identified.

Palios is a agency believer that luck performs an enormous position within the success of any enterprise, be it in transport or some other trade. Nonetheless, he famous that there are occasions that issues don’t come to cross as deliberate and that good luck wants to sometimes be given a serving to hand as properly.

“I’m proud to say that in my skilled profession I’ve witnessed and loved my justifiable share of fine fortune but additionally managed to steer the businesses I’ve led out of troubled waters,” remarked Palios.

In February final yr Palios stepped down as CEO at Diana Delivery, the corporate he had based 50 years prior, handing over the reins to daughter Semiramis whereas retaining the place of chairman.

Equally, one other daughter, Aliki, now serves as chair of aframax specialist Efficiency Delivery, taking up from her father in January together with her husband, Andreas Michalopoulos, the tanker agency’s CEO.

Palios is one among a bunch of well-known shipowners featured within the Posidonia-flavoured concern of Maritime CEO journal. Splash readers can entry the complete journal free of charge by clicking right here.

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