N. Cotzias Shipping & Intermodal Shipbrokers join forces

With the aim of providing stronger and broader services to their clients for the first time ever, two Greek broking houses are merging. One of the two, N. Cotzias Shipping Group, is the oldest shipbroker in Greece, founded in 1893 on the island of Syros. Partner Intermodal Shipbrokers, a mere babe in comparison was founded in 1984 in Piraeus by Captain Kyriakos Dermatis.

The merger proposal came from the Cotzias side and John Cotzias says this was partly because he recognized that Intermodal worked with a similar ethos and methodology to his family’s company.
“We saw in Dermatis someone who shares a lot of our business ethics. Maybe they are a bit more aggressive because we were always more conservative”, he admitted.

While Cotzias bears a widely known, almost historical, name as far as local shipbroking is concerned, Intermodal has grown in leaps and bounds.
Initially, Intermodal offered sale and purchase (S&P), newbuilding contracting, demolition – broking consultancy, research and competitive chartering, although chartering was later dropped.

After 20 years in Piraeus, Intermodal’s operation moved to the northern suburbs of Athens to offices where Cotzias will now be amalgamated.
It is just one year shy of a century since Nicholas D. Cotzias moved from Syros to Piraeus and set up shop on the Akti Miaouli, overlooking the Piraeus harbour.

The Cotzias group’s history recounts that in 1905, there were 72 shipowners in Piraeus, 125 in 1910 and 156 by 1914 – clearly showing the beginning of the city’s maritime growth.

Full article, ELNAVI magazine, April 2011, Page, 46

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