4th Hydra Shipping Conference: “The course of Greek shipping from Aegean to Wall Street”

The fraternity of the Athenian Hydriots successfully organised the 4th Hydra Shipping Conference at the Historican Museum of Hydra.
The title of the conference was “The course of Greek shipping from Aegean to Wall Street”. Gelina Harlaftis, Professor Dept. of History, Ionian University presented an interesting topic about the “Opening the way to the English and American financial markets in the 19th and 20th century: From merchant bankers Ralli Brothers to Aristotle Onassis” was presented She commented the rise of Greek shipping in the 19th and 20th century. Greek shipping market had a tremendous growth because of 140 diaspora trading families and penetration in the financial markets.

In the 19th century Constantinople was the main financial centre of the Ottoman Empire. Constantinople bankers included names such as Baltazis, Zografos, Sygros, and others.

In the city of London were operating names such as Bagliano Bros, Rallis and others. In 1900s – 1930s there was a great collaboration with British banks. In the 1940s – 1950s Aristotle Onassis entered the US market. Aristotle Onassis was a pioneer into getting finance from top American bankers and he secured from oil companies time charters as a guarantee. He was financed with loans to purchase newbuilding ships.

Full article, ELNAVI, Issue 466, October 2012, Page. 26

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