with one exception. The Greek shipowners have formed their own guild/organization. Its a united body of rich-men with mutual interests and they keep getting richer.
Greek shipping "industry". A nepotistic system revolving around a family owning ships.The only system where you pay zero taxes , and also the only industry where you can purchase a ship with 70%-90% financed by a bank depending how much your family owns politicians. And if your ship does not make money no worries just abandon it for the banks to take over, the citizens will pay. In Italy their mafia owns the civil sector , in Albania the drugs and human trafficking , in Greece the mafia owns the shipping sector, football clubs and the political parties. As a Greek i feel offended when i hear about the "Greek shipping industry" , these families have nothing to do with Greece , they produce massive wealth for their families and own the useless political parties we have around in the Greek "democratic" system for at least the last 70 years.
It isnt nepotistic, they are entrepreneurs who traditionally knew the seas very well and were captains who personally be on boats in the beginning many of them. Of course when the times changed they became businessmen and tradesmen. But they still know the sea trades very well. And by the way they give a very big amount of jobs in the country and as a field it is employing people with good salaries in contrast to for example tourism industry - hospitality which many times does pay the salaries that it should.
@@innosanto Delulu. ''They give jobs''. Have you ever thought that these jobs would still exist cause someone, somehow would still occupy himself with the specific sector? Ofc they pay good salaries, they have to give motive to the people who know about the coco they carry. I noticed you didnt say much about how they don't pay taxes in Greece. I wont even comment on the ''they were captains who know the seas''. They were just rich or had the ''right'' connections. That's all you need in this shithole
The owhers are greeks. The most companies in usa like amazon, you think their government can control them? or the car industry of germany, you think their government can control them?
@@zaxarispetixos8728 I ve been working in the shipping support industry for the last 6 years and I cooperate every day with the shipping companies !!! So I know better
Let's not talk about Lockheed Martin and General Dynamics that profit from war let's talk about obscure Greek ship owners that have zero influence in Washington
They don't even pay taxes in Greece as shipping is exempt from taxation. Hope that those of you that have a normal job and get extorted by taxation, feel a bit better now reading this. Enjoy!
@@iwannisbalaouras1687 Only the domestic part and a few loyal owners that choose to have the Greek flag on their vessels. If Greek shipowners where taxed in Greece by EU standards, the Greek Economy would be at the top 20.
@@georgetsapekis that's in every country! You think amazon pays taxes? Only in my small village i have 5 people working in the shipping industry and we are close to mountain olympus
@@iwannisbalaouras1687 I'm just contradicting your comment regarding the GDP percentage that accounts for shipping in Greece. You mentioned it as if it was significant, which it is relatively to our GDP, however is merely a fraction of the true economic scale of Greek shipping.
WRONG ANÁLISIS! First, Shipping company will get payed as a transporter to move goods from point A to B...the ship owners are NOT TRADERS of oil but transportation contractors. Second, most of the "Greek" fleet isn't either registered in Greece neither operates from Greece. Most of Greek owners have their office in London. Braking sessions! LOOK IN TURKEY!!!
Very accurate. Furthermore, most of the charterers that employ those vessel, and subsequently own the cargo, are American companies, like Exxon and Shell.
Nonsense, the ship owners have nothing to do with such practices, as with Aristotle Onasis there was not a spec of shady business, it was all above board. Same with Stavros Niarchos and all the other major ship owners! You've been watching too much the Godfather movies!
Greek shipowners made fortunes from breaking blockades . The first one was the one in Napoleonic wars and the wealth that accumulated actually helped the then enslaved Greeks to fight for their freedom for the ottoman empire back in 19th century. Now , the fact that some of the greek shipowners move or moved russian or iranian or venezuelan etc greek owned tankers are 25% of total global dwt and some of it used to carry russian oil since russia didnt have a taker fleet of its own and if they dont move it then someone else will take their contracts (now shadow fleets are doing the job). I think that the majority of them dont carry russian oil that is sold more than the legal rate to begin with. Its just business and if theres a need to move oil from one port to another greek shipowners will be there to do the job. As for tax benefits etc yeah as a greek i can tell you that greek shipowners dont pay 40 to 44 % of their annual income like other people do but i dont think that other great conglomerates or wealthy entrepreneurs pay their fair share of taxes to begin with. I dont think we invented offshore tax heavens in the first place.
It was also during Russian Empire that Greeks assisted trade between Russia and Mediterranean but even before that. What rhey are doing by promoting trade is known by states and is wanted and used, the states are customers since global and knternational supply chains are important for economies and industry even when conflict and more so then. And hence now it is important to trade the oil foe energy tomeconomies and western customers are bying oil even during fight to promote expnomy and industry
@@HarisonThes india and China are buying right from the source like they always did. Others (like E.U. members) who cannot buy directly are choosing new, indirect ways in order to get the same product that they used to, in a higher price.
Correction, getting rich off Western sanctions. This is how capitalism works, guys….cmon. We (Greeks) dominate this market. Past present future. PERIOD 🇬🇷📈⚓️
@@EdEd1119 No we dominate shipping, not oil. By the way, who on earth taught you when and when not to use uppercase letters? Your grammar is atrocious.
How can you be proud for something like that . Those guys made billions because of this war while you and i had and still have to pay 70% more for gas and food.
Their venture in sports and media shows their diversified wealth beyond shipping. I shifted to solid research and diversification over guru advice, and made 1.3M in returns within the past 19 months. Applying certain principles works at any scale
Yes, money then influence and power, that's their game. you spoke about returns. how can you tell if it's a result of research or luck. luck is downplayed in investing but very key.
when its consistent, its not considered luck. research was the challenge until it led to Emily Ava Milligan, a top fund manager, her strategy made 320k into this and counting.
I pasted her name into my browser, her page popped right up. I quickly realized how popular her sessions were. Your example is rare, I wish I had it to reference earlier. Thanks
i thought forbes was something serious. you cant possibly not know the fact that 80% and more of the fleet of the greek shipowners is flagged to a foreing nation, mostly for tax benefit reason, meaning greece gains nothing from this huge power. they have the power as shipowners, not greece.
@alexrenn2479 SNFCC stands for Stavros Niarchos Foundation Cultural Center. There also is the Aristotle Onassis Cultural Foundation in Athens. These are only 2 shipowners (both dead obviously, their families are running the business now). These two own maybe 200 ships combined. Greek shipowners own 5,000 ships. When we say 80% of the fleet, that is what we mean. Only a small percentage of the greek owned ships are registered in the greek flag, meaning, nothing comes back to Greece. You say they provide, but you only see a small example and not the whole picture.
This is quite misleading, tbh. This has nothing to do with Greece. These are independent businesses, usually family owned, and also usually basically exempt from taxation in Greece. Not only that, some of them are criminals (see Marinakis). Finally, it makes sense they would ship the 2nd most Russian oil if they have a top-3 shipping fleet in the world.
Accurate as this observations is, it has failed to address the following: Firstly, that the owners resulting in this practice are a niche among a niche, meaning that the majority of the 600+ Greek owned, family ran businesses are not involved in such schemes. Lastly, Greek owners are not the only ones doing business with Russia, or Iran. So, the article is indeed informative, however lacks additional information and does not paint a clear picture of the il carrying industry.
Here I'm an very big fan of Stelios Haji onnou and Evangelous marinakis, and their fleet of LNG tankers. Greece can indeed be an shining example for all ship owning countries of the World, Taiwan, Japan, Australia, Singapore and Hong Kong to say the very least
Such an interesting topic with a lot of information for the general public but it was very difficult to go through the video due to all the "a", "aa", and "am" before and after almost every sentence.
this is a very misleading reportage ... greek born owners or shareholders most of them permanent residents in london or n york or elsewhere , english college educated and citizens of the world well before england, great britain , UK and any other inventive appelation as a country name might ensue henceforth . all of the above comments cause its not difficult at all to read through the lines ... ciao a tutti glory to Poseidon kalimera to the world from Ithaca ( not NY)
When the Persians envaded Greece, there was an Oracle given at Delphi that Athens will be saved by Wooden Walls. By Wooden Walls they meant ships. Ever since the Greeks never forgoten this Oracle!!!
A yes goood good job at they do perfect journalism. But Forbes doesn’t want to talk about the military industrial complex and how they are profiting from Isreal and Ukraine making multi millions no no no and this doesn’t even have to do with Greece 👎 very bad job Forbes
Oil is necessary for our societies and economy to function. Somebody wants to buy and somebody needs to sell it. We Greeks are there to move it. We have been doing marine trading for millennia and will continue to do so, we own that game.
In Greece, we don't have free journalism, so such reporting is impossible. The comments joking about cement shoes are not joking. Thank you for doing this, although nobody touches these people.
Greek shipowners are fine, the shipping companies trade in global supply chain, the west is buying indirectly and this activities help global prices or thr prices of energy, commodities ans products would be even higher.
What you can't / won't say is tha there is no embarco, sanctions, or trading "limitation" on the globe that was not violated by them since mid 1700s, or that they got 98% of all liberty ships ever produced and intended to replace the Greek state merchand fleet losses in battle of atlantic for nothing... (because of Greek kings corruption and allies need of a global merchant fleet)
What's wrong with that, they are just doing business. Other European countries might be fools to not use cheap high-quality energy which they can get from the nearest Russian source.
The report outlines that they're not doing anything illegal and in fact are providing a valuable commodity to the West. The title makes it seem otherwise though, very loaded and can even be deemed racist because they're focussing on the ethnicity of one group dominant in shipping.
I read a lot of nonsense here! Most countries have the tonnage tax system. Tonnage tax in Germany, Norway, UK, France, Netherlands is LOWER than the greek tonnage tax, plus, greek flagged vessels require at least 5 Greek crew members while these other flags do not! There are several american companies that have their shipping operations in Greece because that's where the expertise is (and lower salaries, rents, etc), even if the UK may have lower tonnage tax!
Title is wrong: Greeks used to buy cheap Russian natural gas via pipeline, but now Greek shipping companies carry expensive LNG from the US. Same for oil. Of course these Greek companies have their offices and get taxed in foreign countries, have foreign flags and even most people working on the ships are not Greek. Only the owners are Greek...
greeks always had to do with transporting oil. after the sanctions to russia, they were loading the russian oil through indian ports, tranferring the product in international waters (i read a case for this happening in Meditarrenean, just outside peloponisos, Greece) and re-transfer the oil into another oil tanker (maybe more than one).
Is this a kind o propaganda, I don't get it, the Greek tankers are just couriers, you may ask who's asking them to bring the oil , and where is constribiuted
Greeks would be happy to sell it to Europeans or Americans, but we had had no offer .... We had to sell it to Chinese. COSCO was the sole bidder for Piraeus Port.....
Greece has somwthing to do with the shipowners. Greek citizines although no. The state has close to 0 benefit. These guys pay 0 taxes (well to be more specific the are under the "voluntary tax system" so they pay, if they choose to pay, whatever they want). 😂😂😂
@@gadflyeye there are several Greek owners that violated sanctions by having their tankers transport Russian petroleum products from Russia’s ports on the Black Sea directly to the ports of EU and G7 countries in violation of the embargo (mainly in LAKONIKOS GULF).
@@MrGeor1983 Are you talking about events NOT mentioned in this video? I watched the entire video and didn't hear the interviewed guy mentioning that Greek ship owners violated any sanctions. They *do* transport oil, granted, but within the limits of what the sanctions allow. If you disagree, *give the minute and second within the video* (you know, 0:00) *where the interviewee talks about violations of sanctions* (other than the Venezuela incident, for which they were warned and backed off). If you can't indicate any such a point *in this interview,* then you're spreading slander, based on your personal feelings and empathy. On the other hand, if you're talking about *other* events ("LAKONIKOS GULF"), *outside this interview,* I am not the person who'll have a discussion with you on such matters because I don't know. Perhaps go and inform the interviewee. What I know is what I heard in *this* video, and *that's* what I'm willing to comment on.
@@gadflyeye I am talking about these events ("LAKONIKOS GULF") that might have been purposefully not mentioned as part of this discussion. Also, Greece instead of shaming their citizens (Greek Ship owners) for violating the sanctions in LAKONIKOS GULF, they protect them by fighting for them not be listed in the shame list that the Ukranian Government has compiled for international Sponsors of war. Annd yes Mr Prokopiou (also mentioned in the discussion) was on that list for a while....
Forbes, what size do you wear in cement?
😂😅😂😅 only a few will get your joke ...but it's a good one
μύσταρε
Αν και Ολυμπιακός κλαίω..😂😂😂
My thought exactly
😂😂😂
When Americans get rich while dealing with shady people then it is ok and good.
isnt that right world health organisation, european leaders and pharmaceutical industries??????????
Σου θίξαμε του εφοπλιστές ;;;
@@giwrgossoiles3536 όχι.......... αλλά δε φταίνε αυτοί........ αυτοί επιχειρηματίες είναι......... οι κυβερνήσεις τι κάνουν;;;;;;;;
Yes-yes...Greeks living in Monaco, with offices in London with Panamanian flags and ships in all over the world.
Money has no country.
Well...their nationality is Greek
The Greek merchant navy is the biggest in the world. Of course it's international.
with one exception. The Greek shipowners have formed their own guild/organization. Its a united body of rich-men with mutual interests and they keep getting richer.
and they control the largest merchant fleet on the planet.
I want their lifestyle, it sucks being in a single homebased. 😅
Greek shipping "industry". A nepotistic system revolving around a family owning ships.The only system where you pay zero taxes , and also the only industry where you can purchase a ship with 70%-90% financed by a bank depending how much your family owns politicians. And if your ship does not make money no worries just abandon it for the banks to take over, the citizens will pay.
In Italy their mafia owns the civil sector , in Albania the drugs and human trafficking , in Greece the mafia owns the shipping sector, football clubs and the political parties.
As a Greek i feel offended when i hear about the "Greek shipping industry" , these families have nothing to do with Greece , they produce massive wealth for their families and own the useless political parties we have around in the Greek "democratic" system for at least the last 70 years.
correct!!!!!
looooooooser
It isnt nepotistic, they are entrepreneurs who traditionally knew the seas very well and were captains who personally be on boats in the beginning many of them. Of course when the times changed they became businessmen and tradesmen.
But they still know the sea trades very well.
And by the way they give a very big amount of jobs in the country and as a field it is employing people with good salaries in contrast to for example tourism industry - hospitality which many times does pay the salaries that it should.
@@innosanto all these are not companies. They are mafia - families where make wholesale drugs around the world
@@innosanto Delulu. ''They give jobs''. Have you ever thought that these jobs would still exist cause someone, somehow would still occupy himself with the specific sector? Ofc they pay good salaries, they have to give motive to the people who know about the coco they carry. I noticed you didnt say much about how they don't pay taxes in Greece.
I wont even comment on the ''they were captains who know the seas''. They were just rich or had the ''right'' connections. That's all you need in this shithole
The title is deceptive Greece has nothing to do with the shipowners. They are international businessmen and the ships are under foreign flags.
This is wrong. Ownership and management companies are based in Greece, although flags are foreign
The owhers are greeks. The most companies in usa like amazon, you think their government can control them? or the car industry of germany, you think their government can control them?
@@MrGeor1983Not is is not, they might have an office in greece because they started there but the main offices are in other countries.
@@zaxarispetixos8728 I ve been working in the shipping support industry for the last 6 years and I cooperate every day with the shipping companies !!! So I know better
Tankers that transported Russian petroleum products from Russia’s ports on the Black Sea directly to the ports of EU and G7 countries in violation of the embargo in October 2023:
8/10
HONESTY
9416393
50384
Liberia
RU NVS
ATD: 2023-10-24 21:03
ES ALG
ALGECIRAS
ATA: 2023-11-04 20:52
Ship manager/Commercial manager SEA PIONEER SHIPPING CORP-LIB 7th Floor, Bacolitsas Building, 284, Kifisias Avenue, Chalandri, 152 32 Athens, Greece.
Registered owner HONESTY MARINE INC Care of Sea Pioneer Shipping Corp, 7th Floor, Bacolitsas Building, 284, Kifisias Avenue, Chalandri, 152 32 Athens, Greece.
04/10
HONESTY
9416393
50384
Liberia
RU TUA
TUAPSE
ATD: 2023-09-27 16:10
GR LAKONIKOS GULF
ATA: 2023-10-06 06:25
Ship manager/Commercial manager SEA PIONEER SHIPPING CORP-LIB 7th Floor, Bacolitsas Building, 284, Kifisias Avenue, Chalandri, 152 32 Athens, Greece.
Registered owner HONESTY MARINE INC Care of Sea Pioneer Shipping Corp, 7th Floor, Bacolitsas Building, 284, Kifisias Avenue, Chalandri, 152 32 Athens, Greece.
07/10
VELOS DIAMANTIS
9571038
74902
Marshall Is
RU TUA
TUAPSE
ATD: 2023-10-03 17:00
GR LAKONIKOS GULF
ATA: 2023-10-08 15:13
Ship manager/Commercial manager VELOS TANKERS LTD 2, Ioannou Gennadiou Street, 115 21 Athens, Greece.
Registered owner MANTIS MARITIME LTD Care of Velos Tankers Ltd, 2, Ioannou Gennadiou Street, 115 21 Athens, Greece
12/10
AGIOS NIKOLAOS IV
9464364
37557
Malta
RU TUA
TUAPSE
ATD: 2023-10-09 12:17
GR LAKONIKOS GULF
ATA: 2023-10-13 07:08
Ship manager/Commercial manager EASTERN MEDITERRANEAN MARITIME 69, Grigoriou Lampraki Street, Glyfada, 166 75 Athens, Greece.
Registered owner FAIR WEATHER SHIPPING LTD Care of Eastern Mediterranean Maritime Ltd (EASTMED), 69, Grigoriou Lampraki Street, Glyfada, 166 75 Athens, Greece
19/10
SUNDORO
9430181
46851
Malta
RU TUA
TUAPSE
ATD: 2023-10-15 12:39
GR LAKONIKOS GULF
ATA: 2023-10-20 20:40
Ship manager/Commercial manager MARINE TRUST LTD-MAI Vergoti Square, Glyfada, 166 75 Athens, Greece.
Registered owner ROD SHIPPING LTD Care of Marine Trust Ltd, Vergoti Square, Glyfada, 166 75 Athens, Greece
28/10
CHEM HELEN
9340116
38396
Liberia
RU TUA
TUAPSE
ATD: 2023-10-24 08:35
GR LAKONIKOS GULF
ATA: 2023-10-29 19:40
Ship manager/Commercial manager ROBIN ENTERPRISES SA Care of Hellenic Tankers Co Ltd, 3, Mouson Street, Kifisia, 145 63 Athens, Greece.
Registered owner ROBIN ENTERPRISES SA Care of Hellenic Tankers Co Ltd, 3, Mouson Street, Kifisia, 145 63 Athens, Greece
I cant see titles like "the american weapons industry getting rich selling war and death last 80 years" ...i wonder why?
Exactly
Hypocritical alas cart journalism...
well said
Let's not talk about Lockheed Martin and General Dynamics that profit from war let's talk about obscure Greek ship owners that have zero influence in Washington
Exactly
They don't even pay taxes in Greece as shipping is exempt from taxation. Hope that those of you that have a normal job and get extorted by taxation, feel a bit better now reading this. Enjoy!
shipping industry is 7,9 % of our total gdp
@@iwannisbalaouras1687 And debt industry is 159% of your total gdp
@@iwannisbalaouras1687 Only the domestic part and a few loyal owners that choose to have the Greek flag on their vessels. If Greek shipowners where taxed in Greece by EU standards, the Greek Economy would be at the top 20.
@@georgetsapekis that's in every country! You think amazon pays taxes? Only in my small village i have 5 people working in the shipping industry and we are close to mountain olympus
@@iwannisbalaouras1687 I'm just contradicting your comment regarding the GDP percentage that accounts for shipping in Greece. You mentioned it as if it was significant, which it is relatively to our GDP, however is merely a fraction of the true economic scale of Greek shipping.
Να μεταφέρει και ο Μελισσανίδης κάνα πετρέλαιο να πάρουμε κάνα παίκτη
Καλά περίμενε
XAXAXAXAXAXAXA
Αν δεν παρουμε παικτες αυτο το καλοκαιρι, ουτε στα ονειρα μας δεν θα δουμε το προταθλημα
Μετέφερε ξυλολιο κ έφαγε 57
WRONG ANÁLISIS!
First, Shipping company will get payed as a transporter to move goods from point A to B...the ship owners are NOT TRADERS of oil but transportation contractors.
Second, most of the "Greek" fleet isn't either registered in Greece neither operates from Greece.
Most of Greek owners have their office in London.
Braking sessions! LOOK IN TURKEY!!!
Very accurate. Furthermore, most of the charterers that employ those vessel, and subsequently own the cargo, are American companies, like Exxon and Shell.
Can you also please make a video about how western companies make money in the area occupied by Turkey in Cyprus
what number of cement do you wear?
Nonsense, the ship owners have nothing to do with such practices, as with Aristotle Onasis there was not a spec of shady business, it was all above board. Same with Stavros Niarchos and all the other major ship owners! You've been watching too much the Godfather movies!
@@pakko7416 Dude,have you heard about Noor1? This isnt ancient history like you talking about Onasis.
@@giannislainas5187 Marinakis is one dude, the rest don't have the same business endeavours.
@@pakko7416man search about Noor 1... Even the judges left the country to survive 🤣
What is this suppose to mean?
Greek shipowners made fortunes from breaking blockades . The first one was the one in Napoleonic wars and the wealth that accumulated actually helped the then enslaved Greeks to fight for their freedom for the ottoman empire back in 19th century. Now , the fact that some of the greek shipowners move or moved russian or iranian or venezuelan etc greek owned tankers are 25% of total global dwt and some of it used to carry russian oil since russia didnt have a taker fleet of its own and if they dont move it then someone else will take their contracts (now shadow fleets are doing the job). I think that the majority of them dont carry russian oil that is sold more than the legal rate to begin with. Its just business and if theres a need to move oil from one port to another greek shipowners will be there to do the job. As for tax benefits etc yeah as a greek i can tell you that greek shipowners dont pay 40 to 44 % of their annual income like other people do but i dont think that other great conglomerates or wealthy entrepreneurs pay their fair share of taxes to begin with. I dont think we invented offshore tax heavens in the first place.
It was also during Russian Empire that Greeks assisted trade between Russia and Mediterranean but even before that. What rhey are doing by promoting trade is known by states and is wanted and used, the states are customers since global and knternational supply chains are important for economies and industry even when conflict and more so then. And hence now it is important to trade the oil foe energy tomeconomies and western customers are bying oil even during fight to promote expnomy and industry
Ok the Greeks are carrying it but who is buying russian oil? For whom they are carrying it for?
Like the report says, they're not doing anything illegal. This transport of oil benefits Europe.
India, China
@@HarisonThes india and China are buying right from the source like they always did. Others (like E.U. members) who cannot buy directly are choosing new, indirect ways in order to get the same product that they used to, in a higher price.
Correction, getting rich off Western sanctions. This is how capitalism works, guys….cmon. We (Greeks) dominate this market. Past present future. PERIOD 🇬🇷📈⚓️
Amen 🇺🇸
Yess it’s True greeks controll the Olive Oil 😂but never Shipping Oil soo be real!
@@EdEd1119 No we dominate shipping, not oil. By the way, who on earth taught you when and when not to use uppercase letters? Your grammar is atrocious.
How can you be proud for something like that . Those guys made billions because of this war while you and i had and still have to pay 70% more for gas and food.
@@cerebralrhetoric1013 sorry for my English 😂,but we are give in argument about for shipping control not for English teacher😂✌🏻
Their venture in sports and media shows their diversified wealth beyond shipping. I shifted to solid research and diversification over guru advice, and made 1.3M in returns within the past 19 months. Applying certain principles works at any scale
Yes, money then influence and power, that's their game. you spoke about returns. how can you tell if it's a result of research or luck. luck is downplayed in investing but very key.
when its consistent, its not considered luck. research was the challenge until it led to Emily Ava Milligan, a top fund manager, her strategy made 320k into this and counting.
I pasted her name into my browser, her page popped right up. I quickly realized how popular her sessions were. Your example is rare, I wish I had it to reference earlier. Thanks
αυτο το αρχη-ηδη κανει διαφημηση
It's for money laundering schemes you genius
i thought forbes was something serious. you cant possibly not know the fact that 80% and more of the fleet of the greek shipowners is flagged to a foreing nation, mostly for tax benefit reason, meaning greece gains nothing from this huge power. they have the power as shipowners, not greece.
The SNFCC was built by a Greek shipowner's foundation.
@@alexrenn2479so what?
@@ioakeimtheodoridis8280 So the shipowners provide for the nation.
@alexrenn2479 SNFCC stands for Stavros Niarchos Foundation Cultural Center. There also is the Aristotle Onassis Cultural Foundation in Athens. These are only 2 shipowners (both dead obviously, their families are running the business now). These two own maybe 200 ships combined. Greek shipowners own 5,000 ships. When we say 80% of the fleet, that is what we mean. Only a small percentage of the greek owned ships are registered in the greek flag, meaning, nothing comes back to Greece. You say they provide, but you only see a small example and not the whole picture.
0ligarchs will 0ligarch..
This is quite misleading, tbh. This has nothing to do with Greece. These are independent businesses, usually family owned, and also usually basically exempt from taxation in Greece.
Not only that, some of them are criminals (see Marinakis).
Finally, it makes sense they would ship the 2nd most Russian oil if they have a top-3 shipping fleet in the world.
You’re definitely an AEK or PAO fan to say that BS about Marinaki. Stay salty buddy!!!
Εσένα αυτό σε μάρανε;
@@georgetsapekis ποιον;
@@Tlata3 I’m actually not a fan of any football team. I do try to support any of them when they play in a European tournament, though.
@@Kevinjimtheone so why do you say he’s a criminal? Because only the fans of those teams are persecuting somebody that wasn’t proven guilty!
Respect Greeks
...and who buys the oil carried by their ships?
Exactly.....
Billionaires "Getting Rich" 😂
They were poor billionaires before this title 😂
I STAND WITH RUSSIA , OIL IS OIL .
Yes it is
Accurate as this observations is, it has failed to address the following: Firstly, that the owners resulting in this practice are a niche among a niche, meaning that the majority of the 600+ Greek owned, family ran businesses are not involved in such schemes. Lastly, Greek owners are not the only ones doing business with Russia, or Iran. So, the article is indeed informative, however lacks additional information and does not paint a clear picture of the il carrying industry.
It's called opportunity and you either grab it or leave it to others
Here I'm an very big fan of Stelios Haji onnou and Evangelous marinakis, and their fleet of LNG tankers. Greece can indeed be an shining example for all ship owning countries of the World, Taiwan, Japan, Australia, Singapore and Hong Kong to say the very least
Who payed you to write this?
Athenai navy lives strong
Unfortunately for the Greek people have to pay the highest price on oil in Europe.
That's nothing new, Greece is for many decades now no3 in units and no1 in cargo capacity...
so Thessaloniki will get two new concrete blocks at the harbor
Capitalism. Demand meets supply.
Hypocricy at its best.
The video yes
@innosanto yes, the video. Nobody saying about the billions that the war industry makes in USA.
Δεν πρεπει οι επιχειρησεις αγορασουν στην ρωσια
Title is wrong. Video says that Greek shipowners benefit from the situation and not breaking any laws/sanctions
In the end of the video. The journalist says that the shadow Russian fleet is taking business from visible GR fleet
No they have broken the law in the past years. This is the reason they received letters from US to stop doing that
@@nickvoutos9060 Greeks are selling their older fleet to Russians
Such an interesting topic with a lot of information for the general public but it was very difficult to go through the video due to all the "a", "aa", and "am" before and after almost every sentence.
He has no idea why he’s talking about, hence the “um”s and all the other sounds. Typical modern day journalist.
Marinakis is the Number One Drug Shipping Dealer of the World, Very powerful and Dangerous person
this is a very misleading reportage ... greek born owners or shareholders most of them permanent residents in london or n york or elsewhere , english college educated and citizens of the world well before england, great britain , UK and any other inventive appelation as a country name might ensue henceforth .
all of the above comments cause its not difficult at all to read through the lines ...
ciao a tutti
glory to Poseidon
kalimera to the world from Ithaca ( not NY)
Good for them 😊 no one talks about American billionaires making money off th war
They sound like smart business people to me. If they were dumb, they wouldn’t have lasted as long.
When the Persians envaded Greece, there was an Oracle given at Delphi that Athens will be saved by Wooden Walls. By Wooden Walls they meant ships. Ever since the Greeks never forgoten this Oracle!!!
Since this has to do with Greek billionaires I think the video should also have greek subs for non english speakers. Just saying...
A yes goood good job at they do perfect journalism. But Forbes doesn’t want to talk about the military industrial complex and how they are profiting from Isreal and Ukraine making multi millions no no no and this doesn’t even have to do with Greece 👎 very bad job Forbes
Thanks for information provided!!!
Oil is necessary for our societies and economy to function. Somebody wants to buy and somebody needs to sell it. We Greeks are there to move it. We have been doing marine trading for millennia and will continue to do so, we own that game.
In every crisis there is opportunity .
American purchases of laundered Russian oil worth at least $180
Καλα τσιμεντα!
Russian oil getting into UK via refinery loophole, reports claim - BBC
ΕΜΠ1 στο ξανθό...
Μερακλής!
EU 'still buying Russian oil products' as Turkey becomes re-export hub.... May 15, 2024
In Greece, we don't have free journalism, so such reporting is impossible. The comments joking about cement shoes are not joking. Thank you for doing this, although nobody touches these people.
Greek shipowners are fine, the shipping companies trade in global supply chain, the west is buying indirectly and this activities help global prices or thr prices of energy, commodities ans products would be even higher.
What you can't / won't say is tha there is no embarco, sanctions, or trading "limitation" on the globe that was not violated by them since mid 1700s, or that they got 98% of all liberty ships ever produced and intended to replace the Greek state merchand fleet losses in battle of atlantic for nothing... (because of Greek kings corruption and allies need of a global merchant fleet)
Bulgaria to continue exporting fuels from Russian oil to Ukraine
Great content 💎💎💎💎💎💎💎💎💎💎💎💎
Next video please : How us companies are getting rich by occupation and in Palestine
How do you thought where oil comes from? The sky?
Thank you for this publicity! P.T Barnum once said: There is no such thing as bad publicity!
What's wrong with that, they are just doing business. Other European countries might be fools to not use cheap high-quality energy which they can get from the nearest Russian source.
Good for Greece!
is not good for greece, it's good for their pocket's.
The report outlines that they're not doing anything illegal and in fact are providing a valuable commodity to the West. The title makes it seem otherwise though, very loaded and can even be deemed racist because they're focussing on the ethnicity of one group dominant in shipping.
I'm interested to see caribbean million/billionaires
When they found 3 tons of heroin in his ship: no problem
Transferring essential oil: oh no the monster
on his ship*
Guess which world power was in Afghanistan recently (leading opium producer country)
They don’t just own the ships, but also the media companies and the electric companies.
P.S. I wear 45 size shoe be it sportswear, casual or cement.
I read a lot of nonsense here! Most countries have the tonnage tax system. Tonnage tax in Germany, Norway, UK, France, Netherlands is LOWER than the greek tonnage tax, plus, greek flagged vessels require at least 5 Greek crew members while these other flags do not! There are several american companies that have their shipping operations in Greece because that's where the expertise is (and lower salaries, rents, etc), even if the UK may have lower tonnage tax!
what size of shoes do you wear my guy ? asking for a friend
Μεγα το της θαλασσης κρατος
My man you are going to be one of the lucky ones you get to choose the number of cement you learn to swim with
Title is wrong: Greeks used to buy cheap Russian natural gas via pipeline, but now Greek shipping companies carry expensive LNG from the US. Same for oil. Of course these Greek companies have their offices and get taxed in foreign countries, have foreign flags and even most people working on the ships are not Greek. Only the owners are Greek...
15:20 "[Remark on war on Ukraine] bad for humanity, good for business".
Oh, the humanity.
This little Forbes podcast setup is awesome. Thank you for catering to millennials.
Wep, and US companies sell electronic parts to RUSSIAN COMBAT DRONES.
Don't see anybody talking about that.
Μαρινάκης στο thumbnail 😂
greeks always had to do with transporting oil. after the sanctions to russia, they were loading the russian oil through indian ports, tranferring the product in international waters (i read a case for this happening in Meditarrenean, just outside peloponisos, Greece) and re-transfer the oil into another oil tanker (maybe more than one).
Im sure these ship owners are laughing over this story. Money makes the world go around
What's wrong with Russian oil
what size cement you wear
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
After i raised upto 125k trading with her, I bought a new house here in the states also paid for my son's surgery (Kelvin) glory to God.
I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.
😊hi what happened to CRISTINA ONASSIS Daughter and her shipping empire inherited from her mother/grandfather?? So is Maersk their competiter😮
γνωστο αυτο.
I didn't see worries about them
Is this a kind o propaganda, I don't get it, the Greek tankers are just couriers, you may ask who's asking them to bring the oil , and where is constribiuted
how many times did he say "um" ?
Forbes soon you will meet the Noor1 witnesses.
Γειά σου ρε μάγκα!
They were rich much before this.
international level gangsters
This applies to US Government to be honest. They use proxies to start wars and protect their interests.
Sanctions should be applied immediately
😂😂😂😂😂on us assets
Why ?
Yeah, and the global economy will collapse in 2 seconds. Greek shipowners control a very, very large share of international shipping
No one with the squeaky, little voice of a child should work in audio/video journalism. SMH.
All with America's blessing...
Glory to Russia 🇷🇺 Glory to Greece 🇬🇷 ❤❤❤
όχι άλλο κάρβουνο
@@stavrospapageorgiou3041 All Hail Saint Vladimir Poutin
@@Arkoudeides. ΝΑ ΠΑΝΕ ΣΤΟ ΔΙΑΟΛΟ ΟΛΟΙ
@@stavrospapageorgiou3041 Ορθοδοξία ή Θάνατος. Ελλάς Ρωσία Σερβία 💕 💞 ♥️
Great business model when one does not kow-tow to one side & serves all.
They are the reason why Greece’s oil prices are the only good in Greece which price has not skyrocketed.
Are you kidding me? Oil prices are very high in Greece
@@panagiotispapadakos392 on 600 euros a month?
And did I read correctly? You said wages are keeping up? Sorry I didn't realize you are a troll at first.
@@mpampistelmas either that,or he’s on some sort of narcotics.
@@panagiotispapadakos392 you make no sense
Forbes is more like a lifestyle media than a financial one.
Inaccurate figures and sketchy analysis.
Correction, Meet The Greek Shipping Billionaires Getting Rich Off Sanctions.
See Doomberg for some real insight into the failure of the Russian Oil restriction
Bo mention here of Chinese investment in Greek Port expansion....huh
Greeks would be happy to sell it to Europeans or Americans, but we had had no offer .... We had to sell it to Chinese. COSCO was the sole bidder for Piraeus Port.....
Did this guy mention Aristotle and WWII in the same sentence? 🙆🏽♂️
Greece has somwthing to do with the shipowners. Greek citizines although no. The state has close to 0 benefit. These guys pay 0 taxes (well to be more specific the are under the "voluntary tax system" so they pay, if they choose to pay, whatever they want). 😂😂😂
So what?
Greece is suffering because of political instability and need the Russian oil for survival
though they are greeks most of there investmenet goes to london Switxerland etc .
Why US sanctions do not touch them?
Because they don't violate the US sanctions. The guy said it so many times!
@@gadflyeye there are several Greek owners that violated sanctions by having their tankers transport Russian petroleum products from Russia’s ports on the Black Sea directly to the ports of EU and G7 countries in violation of the embargo (mainly in LAKONIKOS GULF).
Because They have so much influence on global trade, that doing anything against them will make the global economy crash
@@MrGeor1983 Are you talking about events NOT mentioned in this video? I watched the entire video and didn't hear the interviewed guy mentioning that Greek ship owners violated any sanctions. They *do* transport oil, granted, but within the limits of what the sanctions allow. If you disagree, *give the minute and second within the video* (you know, 0:00) *where the interviewee talks about violations of sanctions* (other than the Venezuela incident, for which they were warned and backed off). If you can't indicate any such a point *in this interview,* then you're spreading slander, based on your personal feelings and empathy.
On the other hand, if you're talking about *other* events ("LAKONIKOS GULF"), *outside this interview,* I am not the person who'll have a discussion with you on such matters because I don't know. Perhaps go and inform the interviewee. What I know is what I heard in *this* video, and *that's* what I'm willing to comment on.
@@gadflyeye I am talking about these events ("LAKONIKOS GULF") that might have been purposefully not mentioned as part of this discussion. Also, Greece instead of shaming their citizens (Greek Ship owners) for violating the sanctions in LAKONIKOS GULF, they protect them by fighting for them not be listed in the shame list that the Ukranian Government has compiled for international Sponsors of war. Annd yes Mr Prokopiou (also mentioned in the discussion) was on that list for a while....
First the impose sanctions and then they are crying