Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil

Рет қаралды 109,120

Күн бұрын

Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.
Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion-the equivalent of roughly 12% of the country’s gross domestic product.
These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)
Read the full story on Forbes: www.forbes.com/sites/giacomot...
0:00 Introduction
0:24 Greece's Presence In The Shipping Industry
2:46 How Has Greece Made So Much Revenue With Shipping
6:59 How Onassis and Niarchos Reached 10 Figure Status
12:44 Tax Sanctions And Where It Applies In Greece
15:20 How Long Will Greece's Shipping Boom Last
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Пікірлер: 339

@stewiegiligan 21 күн бұрын

Forbes, what size do you wear in cement?

@albundy8049 20 күн бұрын

😂😅😂😅 only a few will get your joke ...but it's a good one

@SterPap 20 күн бұрын

μύσταρε

@HellasPiraeus88 18 күн бұрын

Αν και Ολυμπιακός κλαίω..😂😂😂

@AbricsonK 16 күн бұрын

My thought exactly

@yeorgios 15 күн бұрын

😂😂😂

@Matti_us_Alpe 21 күн бұрын

When Americans get rich while dealing with shady people then it is ok and good.

@SomeoneElseRN 20 күн бұрын

isnt that right world health organisation, european leaders and pharmaceutical industries??????????

@giwrgossoiles3536 19 күн бұрын

Σου θίξαμε του εφοπλιστές ;;;

@SomeoneElseRN 19 күн бұрын

@@giwrgossoiles3536 όχι.......... αλλά δε φταίνε αυτοί........ αυτοί επιχειρηματίες είναι......... οι κυβερνήσεις τι κάνουν;;;;;;;;

@sotossotos7901 21 күн бұрын

The title is deceptive Greece has nothing to do with the shipowners. They are international businessmen and the ships are under foreign flags.

@MrGeor1983 20 күн бұрын

This is wrong. Ownership and management companies are based in Greece, although flags are foreign

@iwannisbalaouras1687 20 күн бұрын

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 20 күн бұрын

@@MrGeor1983Not is is not, they might have an office in greece because they started there but the main offices are in other countries.

@MrGeor1983 20 күн бұрын

@@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

@MrGeor1983 20 күн бұрын

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

@spirostravlos3801 20 күн бұрын

Yes-yes...Greeks living in Monaco, with offices in London with Panamanian flags and ships in all over the world. Money has no country.

@hhb_yiannis5470 15 күн бұрын

Well...their nationality is Greek

@spolch9482 8 күн бұрын

The Greek merchant navy is the biggest in the world. Of course it's international.

@aarengraves9962 2 күн бұрын

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.

@aarengraves9962 2 күн бұрын

and they control the largest merchant fleet on the planet.

@sars6224 17 күн бұрын

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.

@user-gl9pf3io6r 13 күн бұрын

correct!!!!!

@user-gm3kn2ik6h 12 күн бұрын

looooooooser

@innosanto 11 күн бұрын

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.

@user-gl9pf3io6r 10 күн бұрын

@@innosanto all these are not companies. They are mafia - families where make wholesale drugs around the world

@REd-ru5ce 9 күн бұрын

@@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

@christostentes3199 20 күн бұрын

I cant see titles like "the american weapons industry getting rich selling war and death last 80 years" ...i wonder why?

@KlePhys 17 күн бұрын

Exactly

@ChristinaHellas 12 күн бұрын

Hypocritical alas cart journalism...

@arip172 5 күн бұрын

well said

@rowinrowinson8455 21 күн бұрын

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

@leonfth 20 күн бұрын

Exactly

@user-oy5io5vq9u 20 күн бұрын

Να μεταφέρει και ο Μελισσανίδης κάνα πετρέλαιο να πάρουμε κάνα παίκτη

@Michael8989o 19 күн бұрын

Καλά περίμενε

@ElDiablo123 11 күн бұрын

XAXAXAXAXAXAXA

@NikolasTsakonas-jo4wz 6 күн бұрын

Αν δεν παρουμε παικτες αυτο το καλοκαιρι, ουτε στα ονειρα μας δεν θα δουμε το προταθλημα

@yvonneshanson1525 5 күн бұрын

Μετέφερε ξυλολιο κ έφαγε 57

@stavrosr9819 22 күн бұрын

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 20 күн бұрын

shipping industry is 7,9 % of our total gdp

@stavrosr9819 19 күн бұрын

@@iwannisbalaouras1687 And debt industry is 159% of your total gdp

@georgetsapekis 18 күн бұрын

@@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.

@iwannisbalaouras1687 18 күн бұрын

@@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

@georgetsapekis 18 күн бұрын

@@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.

@User.premiumpropertiesdeleste 20 күн бұрын

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!!!

@georgetsapekis 18 күн бұрын

Very accurate. Furthermore, most of the charterers that employ those vessel, and subsequently own the cargo, are American companies, like Exxon and Shell.

@sotirismp2883 20 күн бұрын

what number of cement do you wear?

@pakko7416 19 күн бұрын

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!

@giannislainas5187 19 күн бұрын

@@pakko7416 Dude,have you heard about Noor1? This isnt ancient history like you talking about Onasis.

@georgetsapekis 18 күн бұрын

@@giannislainas5187 Marinakis is one dude, the rest don't have the same business endeavours.

@Tomasonbjj 14 күн бұрын

@@pakko7416man search about Noor 1... Even the judges left the country to survive 🤣

@user-op2zh4uo3z 17 күн бұрын

Ok the Greeks are carrying it but who is buying russian oil? For whom they are carrying it for?

@alexrenn2479 5 күн бұрын

Like the report says, they're not doing anything illegal. This transport of oil benefits Europe.

@dggmn2109 19 күн бұрын

Can you also please make a video about how western companies make money in the area occupied by Turkey in Cyprus

@georgeiv6925 25 күн бұрын

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.

@innosanto 11 күн бұрын

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

@ioakeimtheodoridis8280 19 күн бұрын

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 5 күн бұрын

The SNFCC was built by a Greek shipowner's foundation.

@ioakeimtheodoridis8280 5 күн бұрын

@@alexrenn2479so what?

@alexrenn2479 5 күн бұрын

@@ioakeimtheodoridis8280 So the shipowners provide for the nation.

@ioakeimtheodoridis8280 5 күн бұрын

@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.

@garmy441 17 күн бұрын

...and who buys the oil carried by their ships?

@stamy74 15 күн бұрын

Exactly.....

@MaxWell-pp9zs 18 күн бұрын

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

@GoryNych-ru3op 18 күн бұрын

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.

@MaxWell-pp9zs 18 күн бұрын

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.

@GoryNych-ru3op 18 күн бұрын

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

@questmarq7901 12 күн бұрын

αυτο το αρχη-ηδη κανει διαφημηση

@lamondaforestry 11 күн бұрын

It's for money laundering schemes you genius

@alexandercoro5309 21 күн бұрын

Respect Greeks

@VasVordokas 25 күн бұрын

Correction, getting rich off Western sanctions. This is how capitalism works, guys….cmon. We (Greeks) dominate this market. Past present future. PERIOD 🇬🇷📈⚓️

@TheGreekGodOfWallStreet 24 күн бұрын

Amen 🇺🇸

@EdEd1119 23 күн бұрын

Yess it’s True greeks controll the Olive Oil 😂but never Shipping Oil soo be real!

@cerebralrhetoric1013 22 күн бұрын

@@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.

@johnathan99 22 күн бұрын

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.

@EdEd1119 22 күн бұрын

@@cerebralrhetoric1013 sorry for my English 😂,but we are give in argument about for shipping control not for English teacher😂✌🏻

@StefAdr 17 күн бұрын

Billionaires "Getting Rich" 😂 They were poor billionaires before this title 😂

@Kevinjimtheone 20 күн бұрын

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.

@Tlata3 18 күн бұрын

You’re definitely an AEK or PAO fan to say that BS about Marinaki. Stay salty buddy!!!

@georgetsapekis 18 күн бұрын

Εσένα αυτό σε μάρανε;

@Tlata3 18 күн бұрын

@@georgetsapekis ποιον;

@Kevinjimtheone 18 күн бұрын

@@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.

@Tlata3 18 күн бұрын

@@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!

@georgetsapekis 18 күн бұрын

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.

@matrasimca6192 12 күн бұрын

It's called opportunity and you either grab it or leave it to others

@dickens123 24 күн бұрын

Capitalism. Demand meets supply.

@Diog3nes 20 күн бұрын

That's nothing new, Greece is for many decades now no3 in units and no1 in cargo capacity...

@dimitrioskamperis9403 19 күн бұрын

Hypocricy at its best.

@innosanto 11 күн бұрын

The video yes

@dimitrioskamperis9403 11 күн бұрын

@innosanto yes, the video. Nobody saying about the billions that the war industry makes in USA.

@ioannisantoniadis6719 12 күн бұрын

Unfortunately for the Greek people have to pay the highest price on oil in Europe.

@mickeymouse1697 21 күн бұрын

I STAND WITH RUSSIA , OIL IS OIL .

@leonfth 20 күн бұрын

Yes it is

@brazilstreets7955 22 күн бұрын

Athenai navy lives strong

@nickthegreek693 24 күн бұрын

Thanks for information provided!!!

@VinayWebstar 26 күн бұрын

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

@michalisdaudakis2394 11 күн бұрын

Who payed you to write this?

@topias12 8 күн бұрын

so Thessaloniki will get two new concrete blocks at the harbor

@nickvoutos9060 25 күн бұрын

Title is wrong. Video says that Greek shipowners benefit from the situation and not breaking any laws/sanctions

@nickvoutos9060 25 күн бұрын

In the end of the video. The journalist says that the shadow Russian fleet is taking business from visible GR fleet

@MrGeor1983 20 күн бұрын

No they have broken the law in the past years. This is the reason they received letters from US to stop doing that

@MrGeor1983 18 күн бұрын

@@nickvoutos9060 Greeks are selling their older fleet to Russians

@linobenetti6578 20 күн бұрын

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)

@mithridil 18 күн бұрын

Since this has to do with Greek billionaires I think the video should also have greek subs for non english speakers. Just saying...

@georgelaskaratos4366 20 күн бұрын

ΕΜΠ1 στο ξανθό...

@user-go2nb3cc1d 20 күн бұрын

Μερακλής!

@user-tt5tq9jx6c 6 күн бұрын

In every crisis there is opportunity .

@aurelmarinov8650 24 күн бұрын

Καλα τσιμεντα!

@pandemonium7120 9 күн бұрын

American purchases of laundered Russian oil worth at least $180

@gstaron7481 18 күн бұрын

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.

@sen_ex 11 күн бұрын

He has no idea why he’s talking about, hence the “um”s and all the other sounds. Typical modern day journalist.

@jimmyking92 7 күн бұрын

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.

@HighPowerOptionsTrades 25 күн бұрын

Great content 💎💎💎💎💎💎💎💎💎💎💎💎

@pandemonium7120 9 күн бұрын

Russian oil getting into UK via refinery loophole, reports claim - BBC

@vaioskoutis7998 20 күн бұрын

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

@littlereptilian7580 13 күн бұрын

How do you thought where oil comes from? The sky?

@leosam7097 4 күн бұрын

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)

@iliassokolis 19 күн бұрын

Thank you for this publicity! P.T Barnum once said: There is no such thing as bad publicity!

@prabakaran-uq3op 21 күн бұрын

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.

@pandemonium7120 9 күн бұрын

Bulgaria to continue exporting fuels from Russian oil to Ukraine

@cgsather3309 15 күн бұрын

They sound like smart business people to me. If they were dumb, they wouldn’t have lasted as long.

@user-hc4px8gp5v 19 күн бұрын

what size of shoes do you wear my guy ? asking for a friend

@MalGent 24 күн бұрын

I'm interested to see caribbean million/billionaires

@trooper1972 23 күн бұрын

how many times did he say "um" ?

@tsatsanisgreg 7 күн бұрын

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.

@user-mc1fk9zn1z 19 күн бұрын

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

@matthaiosvlachos3526 17 күн бұрын

Next video please : How us companies are getting rich by occupation and in Palestine

@pandemonium7120 9 күн бұрын

EU 'still buying Russian oil products' as Turkey becomes re-export hub.... May 15, 2024

@user-ge5sr9fs2z 11 күн бұрын

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.

@innosanto 11 күн бұрын

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.

@alexrenn2479 5 күн бұрын

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.

@sailor2507 8 күн бұрын

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!

@PAPASTHEGREAT 8 күн бұрын

Marinakis is the Number One Drug Shipping Dealer of the World, Very powerful and Dangerous person

@antdava8353 19 күн бұрын

Wep, and US companies sell electronic parts to RUSSIAN COMBAT DRONES. Don't see anybody talking about that.

@korgmangeek 10 күн бұрын

15:20 "[Remark on war on Ukraine] bad for humanity, good for business". Oh, the humanity.

@91LiakoS91 17 күн бұрын

γνωστο αυτο.

@sonap8620 19 күн бұрын

what size cement you wear

@AhmedMohammed-mg9eb 19 күн бұрын

What's wrong with Russian oil

@NUCLEAR154 21 күн бұрын

😊hi what happened to CRISTINA ONASSIS Daughter and her shipping empire inherited from her mother/grandfather?? So is Maersk their competiter😮

@user-lk7dy7of8q 19 күн бұрын

I didn't see worries about them

@baroodi100 23 күн бұрын

Good for them 😊 no one talks about American billionaires making money off th war

@user-gk9mj5bo2e 20 күн бұрын

Im sure these ship owners are laughing over this story. Money makes the world go around

@georgios_5342 18 күн бұрын

Μαρινάκης στο thumbnail 😂

@scottyflintstone 21 күн бұрын

See Doomberg for some real insight into the failure of the Russian Oil restriction

@aleksandargjorgjeski 21 күн бұрын

So what?

@innosanto 11 күн бұрын

They were rich much before this.

@AndrewFraga-jm5yw 24 күн бұрын

This little Forbes podcast setup is awesome. Thank you for catering to millennials.

@ioakeimtheodoridis8280 19 күн бұрын

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).

@atimko123 18 күн бұрын

Bo mention here of Chinese investment in Greek Port expansion....huh

@MrGeor1983 18 күн бұрын

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.....

@skanthaadsigns 25 күн бұрын

Great business model when one does not kow-tow to one side & serves all.

@tougeattack123 18 күн бұрын

international level gangsters

@stamy74 15 күн бұрын

This applies to US Government to be honest. They use proxies to start wars and protect their interests.

@whatsup-zh6qv 21 күн бұрын

When they found 3 tons of heroin in his ship: no problem Transferring essential oil: oh no the monster

@georgenic64 18 күн бұрын

on his ship*

@jacknicolssen7492 9 күн бұрын

Guess which world power was in Afghanistan recently (leading opium producer country)

@cosmovanquish6523 19 күн бұрын

All with America's blessing...

@ivans2618 21 күн бұрын

Sanctions should be applied immediately

@GiambattistaRossi 21 күн бұрын

😂😂😂😂😂on us assets

@bigmungus4864 20 күн бұрын

Why ?

@anthonylourakis8289 19 күн бұрын

Yeah, and the global economy will collapse in 2 seconds. Greek shipowners control a very, very large share of international shipping

@costachristoo 4 күн бұрын

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

@MrGeor1983 21 күн бұрын

Why US sanctions do not touch them?

@gadflyeye 19 күн бұрын

Because they don't violate the US sanctions. The guy said it so many times!

@MrGeor1983 19 күн бұрын

@@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).

@anthonylourakis8289 19 күн бұрын

Because They have so much influence on global trade, that doing anything against them will make the global economy crash

@gadflyeye 19 күн бұрын

@@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.

@MrGeor1983 18 күн бұрын

@@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....

@bigmungus4864 20 күн бұрын

Congrats good on them. 😊

@vasilispants8241 5 күн бұрын

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...

@ThodorisAthitakis 20 күн бұрын

though they are greeks most of there investmenet goes to london Switxerland etc .

@georgebethanis3188 19 күн бұрын

Μεγα το της θαλασσης κρατος

@matrasimca6192 12 күн бұрын

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!!!

@whatsup-zh6qv 21 күн бұрын

Good for Greece!

@91LiakoS91 17 күн бұрын

is not good for greece, it's good for their pocket's.

@Njabzillah 20 күн бұрын

Did this guy mention Aristotle and WWII in the same sentence? 🙆🏽‍♂️

@anonymos59 20 күн бұрын

Forbes is more like a lifestyle media than a financial one. Inaccurate figures and sketchy analysis.

@user-gn5bn6ys3k 11 күн бұрын

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). 😂😂😂

@renemartin5729 23 күн бұрын

Correction, Meet The Greek Shipping Billionaires Getting Rich Off Sanctions.

@KlePhys 17 күн бұрын

First the impose sanctions and then they are crying

@terencewinters2154 25 күн бұрын

But piraeus the port of Athens has been sold or at least. Longtime leased to China. From antiquity it was olive oil today a different oil . Russia has had a big influence in Cyprus. EU and nato don't control these shipping oligarchs. Pipes blocked oil can't back up or pipes break higher market fees have lured Greeks into selling old oiler inventories . And to keep the newer ones active shipping by sea .

@ivantheterrible4317 22 күн бұрын

They absolutely do. Greek Billionaires shipmen are controlled by USA. USA still imports products from Russia and the EU is doing that too. They are just lying to the public.