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History

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A strong start

Thenamaris was established in 1970 in Piraeus, Greece, and started with a fleet of eight dry cargo vessels under management. The company grew well in its early years; in 1976 we placed on behalf of our principals our first newbuildings contract with the Namura shipyard in Japan to construct three 26,000 deadweight tons bulk carriers.

By 1978 we were managing 50 vessels with a combined deadweight of more than 900,000 tons. These were bulk carriers, ore/oil carriers, OBO log/bulk carriers, car carriers, tween deckers, heavy lifters, geared ore carriers and a chemical tanker.

Consolidating our position

By the early 1980s Thenamaris was internationally recognized as a successful and reliable ship manager. We continued to strengthen our position during this decade, and by the mid-80s were also managing tankers, including Very Large Crude Carriers (VLCC) and Ultra Large Crude Carriers (ULCC).

During the decade we established collaboration with Thenamaris Philippines Inc. and with Thalatta Shipping and Marine Services Limited, crewing agencies in the Philippines and Bulgaria respectively, as well as with other crewing agencies, which manage the recruitment, training and development of the qualified officers and marine personnel employed on the vessels under our management.

Through astute management by the end of the 1980s the size of the managed fleet increased to a deadweight capacity of 3 million tons, carrying on behalf of major global traders and charterers an average of 20 million tons of liquid cargos and another 20 million tons of dry bulk cargoes each year.

In 1986 our shore-based employees moved into a specially-designed office in Vouliagmeni, Athens.

Focusing on growing the managed fleet

Within the 1990s Thenamaris coordinated on behalf of its principals a number of ambitious newbuilding projects, mainly focused on double-hulled tankers.

During the first decade of the 21st century the principals of vessels managed by Thenamaris disposed of existing older tonnage and by the time the newbuildings entered into service the average age of the ships under management halved from 20 years old in the mid-90s to 10 years old in 2005. Today the average age of the managed fleet is less than 8 years.

In 2011 Thenamaris LNG was established in order to undertake the management of three high-specification LNG carriers built at the Samsung Heavy Industries upon their delivery to their principals. Construction of the vessels began in March 2012 with the delivery of the first in 2013, of the second in 2014, and of the third in 2015. Thenamaris LNG Inc. will also be managing four 38,000 cbm LPG carriers which are being built at the Hyundai Mipo Dockyard and scheduled to be delivered in 2017.

Always striving for perfection

Over 46 years since our founding we continue to deliver first class management services to the owners of modern ocean-going vessels, which trade in every major commercial area of the world. The company’s culture of ambition, invention and enterprise is as relevant today as it was at the start and provides the foundation for excellence in ship management.