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Billionaire Greek Ship Owners Surface While Home Economy Sinks

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More than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Capital Link Greek Shipping Forum, a day of speeches and panel discussions on private equity, ship recycling and financing.

The packed reception hall was a testament to how the nation’s ship owners still dominate the industry decades after Aristotle Onassis and Stavros Niarchos ruled the waves. The Hellenic fleet is the world’s most valuable at $106 billion, according to, accounting for 19 percent of the world’s tankers.