In an era defined by global economic complexity and geopolitical volatility, the Athens University of Economics and Business (AUEB) recently gathered to honor a decade of academic and industry leadership: the 10th anniversary of the MSc in International Shipping, Finance & Management (ISFM).
A Visionary Foundation
The ceremony opened with remarks from Professor Vasilis Vasdekis, Rector of AUEB, who lauded the program’s commitment to academic rigor and its role in offering high-level learning that bridges the gap between theory and practice.
Professor Manolis G. Kavussanos, the program’s founder, reflected on the journey that began a decade ago. "Greek shipping deserves a world-class academic program," he stated. Today, the program stands as a pillar of the maritime cluster, bolstered by the ISFM Lab, international collaborations, and a dedicated Shipping Advisory Panel. In recognition of his foundational role and tireless dedication, Professor Kavussanos was presented with an award for his outstanding contribution.
Bridging Academia and Policy
The event featured insights from Assoc. Prof. Dimitris A. Tsouknidis (Director of the MSc), Stefanos Gkikas (Deputy Minister of Maritime Affairs), and George Alexandratos (President of the Hellenic Chamber of Shipping). The speakers emphasized that as the industry faces the dual challenges of the green transition and digital transformation, the ISFM program plays a critical role in strengthening Greece’s position in the global educational landscape. With graduates hailing from over 10 countries, the program boasts an exceptional immediate employment rate.
Insights from Industry Titans
The celebration was highlighted by keynote presentations from three of the most prominent figures in Greek shipping:
- • Dr. John Coustas (CEO, Danaos Corp), Focused on the green transition, Dr. Coustas noted that while shipping is the most efficient form of transport—five times more efficient than trucking—the path to "Net Zero" is complex. He warned that while Europe’s regulatory ambitions are commendable, they carry risks. He advocated for global coordination and increased R&D rather than punitive measures.
- • Admiral (Hon.) Panos Laskaridis (Chairman, Laskaridis Shipping), Addressed the "Four Pillars of Challenge" for the industry: decarbonization, European competitiveness, the maritime "single window" for administration, and the critical shortage of seafarers. He called for a revitalization of maritime education to attract young talent and maintain the Greek flag's prominence.
- • Mr. Thanassis Martinos (Chairman, Eastern Mediterranean Maritime): Analyzed how geopolitical shifts, such as the war in Ukraine and disruptions in the Red Sea, have reshaped trade routes. He noted that while "tonne-miles" have increased due to longer routes, Greek shipowners continue to thrive by operating within a framework of perfect competition.
The Business Advisory Council: A Bridge to the Future
The event concluded with a panel from the Business Advisory Council, which acts as a bridge between academia and the industry is constituted by the following leading personalities:
- • John Cotzias, President, HellenicShipbrokersAssociation and Xclusiv Shipbrokers
- • Faye Frangedis, Director, TrafiguraMaritime Ventures
- • Nicholas Kosmatos,Managing Director, Sealink Navigation Ltd.
- • Christina Margelou, Head of Shipping Finance, Eurobank S.A.
- • Foteini Mega,Associate Partner, Assurance Services, Ernst & Young
- • George Teriakidis, Regional Manager, Southeast Europe, Maritime, DNV
- • Stamatis Tsantanis, Chairman & CEO, Seanergy Maritime Holdings Corp.
The members of the advisory committee wished every success to the program and expressed their gratitude to be part of the program and the panel. The also pointed out that shipping is a non static business so the students have to improve continuously their skills and competences. The council members encouraged students to love shipping in order to see their career flourishing.
The council’s message to the next generation was clear: success in this industry requires continuous skill improvement, a deep understanding of the industry’s fundamentals and, above all, a passion for the sea.
The event was concluded with Alumni’s message Nick Adamis, Senior Credit Risk Analyst, Trafigura, Stefania Liveri, Executive Director at Lidmar Shipping and Trading company Ltd. and Kjetil Sundfaer, Liner Agent, Håkull Shipping and Acknowledgements of long-standing service to the Program to Visiting Professor Gianluca Mattarocci, Tor Vergata University, Rome, Italy and Dr. Stella Moysiadou, Adjunct Faculty and Post-Doctoral Researcher, ISFM Lab, AUEB.
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