Professor Costas Th Grammenos, CBE, DSc
Professor Costas Grammenos founded the International Centre for Shipping, Trade and Finance in 1983; which was subsequently renamed The Costas Grammenos International Centre for Shipping, Trade and Finance in April 2007.
He has been head of The Centre since its inception, and responsible for its design. Until 1997 Costas was Director of the world class MSc Shipping, Trade and Finance, introduced in 1984; and MSc Logistics, Trade and Finance introduced in 1997, and MSc Energy, Trade and Finance in 2003.
Education and career
Professor Grammenos has a BA in Economics, gained at Pantion University, Athens, an MSc in Financial Economics, obtained at Bangor University, Wales, and a DSc in Shipping Finance, City, University of London.
Professor Grammenos started his career in the National Bank of Greece in 1962, and was financial shipping expert at the Bank's head office in Athens from 1973-1974. He was Independent Researcher and Advisor from 1977 until 1982, and he joined City University in 1982 as Visiting Professor and became Professor of Shipping, Trade and Finance in 1986. He taught Shipping Investment and Finance where, in 1977, he introduced credit analysis and policy of bank shipping finance which since then, has been applied by most international banks. Professor Costas Grammenos is a former Pro-Vice Chancellor of City.
Publications and recognition
He wrote the well-known seminal monograph on the subject 'Bank Finance for Ship Purchase' (1978) and has written many studies and articles. He is the Editor of the major academic publication 'The Handbook of Maritime Economics and Business' (2002), LLP, where 50 leading academics from 30 universities in 19 countries contributed 39 chapters; the second edition of the Handbook was published in 2010. He has given papers and lectures in various parts of the world.
He created, through his published research, "Shipping Finance" as a new academic discipline, which is acclaimed as a "significant contribution to knowledge in Shipping, Trade and Finance" and he introduced, through the MSc's, a new approach in International Business "The Spherical Approach".
Grammenos was made OBE in 1994, for his work in International Shipping and Finance, and was 1998 Seatrade Personality of the Year. He was appointed CBE (Hon) in 2008 for "services to teaching and research"
Centre Faculty
Amir Alizadeh, BSc, MSc, PhD (City)
Reader in Shipping Economics
Costas Th Grammenos, CBE, BA (Athens), MSc (Bangor), DSc (City)
LRF Professor of Shipping, Trade and Finance
Chairman, Costas Grammenos Centre for Shipping, Trade and Finance
Ioannis C Moutzouris, MEng (NTUA, Athens), MSc, MRes, PhD (City)
Lecturer in Shipping Finance & Analytics
Director, MSc in Energy, Trade and Finance
The Shipping and Energy Research Programme Lead
Nikos Nomikos, BSc (Athens), MSc (Distinction, City), PhD (City)
Professor of Shipping Risk Management
Nikos C Papapostolou, BSc (University of Birmingham), MSc, PhD (City)
Reader in Shipping Finance
Director, MSc in Shipping, Trade and Finance
Panos Pouliasis, BSc (Athens), MSc, PhD (City)
Senior Lecturer in Energy/Commodities Finance
Michael N Tamvakis, BSc Econ (Athens), MSc, PhD (City)
Professor of Commodity Economics and Finance
Visiting Professors & Fellows
Visiting Professors & Fellows
The Hon Apurv Bagri, DSc (Hon), Managing Director, Metdist Ltd
Visiting Professor
Professor Andrew Buxton, CMG DSc (Hon), Chairman, Merchant Bridge Ltd. Director, Development Bank of Singapore Ltd
Visiting Professor
Professor Daniel Giamourides , Athens University of Economics and Business
Senior Fellow
Professor Lord Griffiths of Fforestfach, MSc Econ, Vice-Chairman, Goldman Sachs Ltd; Chairman of Land Securities Trillium and previous Dean of Bayes Business School (formerly Cass) (1982-1985)
Visiting Professor
Sir Stelios Haji-Ioannou, DSc (Hon) BA (LSE) MSc (City), Chairman, EasyGroup
Visiting Professor
Mr Roy Leighton, DSc (Hon), Chairman, Financial Services Skills Council
Visiting Professor
Dr Stelios Marcoulis, BA (City) MSc (LSE) MSc (City) PhD (City), Associate Professor of Finance, The Cyprus Institute of Management
Fellow
Professor Basil Papachristidis, DSc, Chairman, Hellespont Holdings Ltd
Visiting Professor
Professor Martin Stopford, PhD, Executive Director, Maritime Economics for Professionals; Former MD, Clarkson Research Services Ltd; ED, Clarksons Plc
Visiting Professor
Professor Siri Strandenes, MSc, Professor, Norwegian School of Economics
Visiting Professor
Professor Wayne Talley, PhD, Fredrerick W. Beazley Professor of Economics; Executive Director, Maritime Institute, Old Dominion University
Visiting Professor
Professor Andreas R. Vergottis, Director - Head of Research & Advisor to Oceanic Equity Funds, Tufton Oceanic Finance Group.
Visiting Professor
Professor Eddy Van de Voorde, Professor of Port and Maritime Economics, University of Antwerp
Visiting Professor
Mr Mohsen Ziya, Founder and Managing Director, Neptune Energy Trading LLC
Honorary Visiting Professor
Visiting Lecturers
Michael Fostiropoulos
Visiting Lecturer in Shipping Company Management
Susan Hawker
Visiting Lecturer in Shipping Law
Jay Jung
Senior Lecturer in Accounting
Duarte Pedreira
Visiting Lecturer in Trade Finance
George Politis
Visiting Lecturer in FinTech in Shipping
Harilaos N Psaraftis
Visiting Lecturer in Innovation in Shipping
Anastasia Richmond
Lecturer in Finance
Signal Group
Visiting Group of Lecturers in Big Data in Ship Commercial Management & Oil Trading
William Simper
Visiting Lecturer in Chartering
Kurt Vermeulen
Visiting Lecturer in Shipping Strategy
Past PhD Students
Angelos Arkoulis, "Important Factors for Shipping Companies in Raising Funds in the Equity and High Yield Capital Markets"
1st Supervisor: Prof. Costas Th, Grammenos
Kostas Andiosopoulos, "Modelling Spot Price, Risk Management and Investment Strategies for Energy Markets"
1st Supervisor: Prof. Nikos Nomikos, 2nd Supervisor: Prof. Amir Alizadeh
Patrapa Chadist, "Exploring and Managing Supply Chain Uncertainty Profitably"
1st Supervisor: Prof. Mohan Sodhi - 2nd Supervisor: Dr David Menachof
Kaizad Doctor, "Trading Strategies in the FFA Markets"
1st Supervisor: Prof. Nikos Nomikos
Alexandros Gabrielsen, "Correlation among developed and developing countries provides indications on market timing and equity premiums"
1st Supervisor: Prof. Amir Alizadeh - 2nd Supervisor: Prof. Costas Grammenos
Daniel Giamouridis, "Implied Probability Distributions: Estimation, Testing and Applications"
1st Supervisor: Prof. Michael Tamvakis
Maria Giamouzi, "An investigation into ways of optimising the competitive position of European ports"
1st Supervisor: Prof. Nikos Nomikos - 2nd Supervisor: Prof. ManMohan Sodhi
Hadi Hallouche, "Modelling Natural Gas Trade in the West Mediterranean
1st Supervisor: Prof. Michael Tamvakis
Melanie Houllier, "Electricity Spot Prices: Integration, Congestion and Volatility
2nd Supervisor: Prof. Michael Tamvakis
Haying (Jackie) Jia, "Market Conditions and the Functioning of Metal Futures Market
1st Supervisor: Prof. Michael Tamvakis
Xiaoye Jin, "Econometric Analysis of the Effect of US and China's Energy Demand on World Oil Prices"
1st Supervisor: Dr Sharon Lin - 2nd Supervisor: Prof. Michael Tamvakis
Emmanouil Karimalis, "Essays on Modelling and Forecasting Electricity prices in a deregulated market"
1st Supervisor: Prof. Nikos Nomikos - 2nd Supervisor: Prof. Amir Alizadeh
Sharon X. Lin, "Information Transmission in Energy Futures Markets"
1st Supervisor: Prof. Michael Tamvakis
Ioannis Moutzouris, "Asset Valuation in Dry Bulk Shipping"
1st Supervisor: Prof. Nikos Nomikos - 2nd Supervisor: Dr. Nikos C. Papapostolou
Nikos Nomikos, "Price Discovery, Risk Management and Forecasting in the Freight Futures Market”.
1st Supervisor: Dr Manolis Kavussanos, 2nd Supervisor: Prof. Costas Th Grammenos
Nikos C. Papapostolou, "Essay on the US Public Equity and High Yield Bond Markets as a Source of Finance for Shipping Companies"
1st Supervisor: Prof. Costas Th. Grammenos
Delia Richardson, "Investigating the Resilience Phenomena through evaluation of Weather Related Disruptions"
1st Supervisor: Prof. Mohan Sodhi, 2nd Supervisor: Dr Byung-Gak Son
Galina Sherman, "Cargo Screening - Optimisation and Analysis"
1st Supervisor: Dr David Menachof, 2nd Supervisor: Dr Byung-Gak Son
Orestes Soldatos, "Pricing Electricity Derivatives"
1st Supervisor: Prof. Nikos Nomikos
Risto Talas, "Supply Chain Operations and Security Risk Assessment and Management"
1st Supervisor: Dr David Menachof - 2nd Supervisor: Prof. Mohan Sodhi
Stefan Van Dellen, "The price-volume and volatility relationship in the shipping industry and how this relates to freight rate forecasting"
1st Supervisor: Prof. Nikos Nomikos - 2nd Supervisor: Prof. Amir Alizadeh
Guest Lecture Speakers
Mr A. M. Aas, Joint Managing Director, Shipping and Offshore, Clarksons Platou Project Finance AS
Mr A. Alexandropoulos, Vice President, Global Credit and Financing Solutions, Transportation, Energy and Infrastructure, Deutsche Bank AG, London Branch
Mr. H. Baker, Chief Financial Officer, Scorpio Bulkers Inc
Mr. R. Bedranowsky, CEO and Chairman of the Board of Managing Directors, DVB Bank SE
Mr. N. Bunnemann, Managing Director, Herm Dauelsberg GmbH & Co KG
Mr M. Chalkias, Co-Chief Executive Officer, Prime Marine Management Inc.
Mr. D. Chopping
Mr. G. Duncan
Mr. M. Fostiropoulos, Director, Almi Tankers SA
Mr. M. Gialouris, Chief Financial Officer, Olympic Shipping & Management
Mr. R. Greiner, Partner, BDO, London, UK
Mr. N. Hansteen, Chief Economist, Lorentzen & Stemeco
Mr M. Halvorsen, Chief Executive Officer, Fearnley Securities Inc.
Mr. E. Helberg, Chief Executive Officer, Clarksons Platou Securities
Mr. I. Iliopoulos, Chief Executive Officer, Ceres Shipping Ltd
Mr. L. Lagaras, Head of Shipping Greece, Senior Vice President, HSH Nordbank
Mr. G. A. Lerkerod, Senior Vice President, Shipping Offshore and Oil Services, Nordea Bank Norge ASA
Mr. A. Ryland, Executive Director, DnB NOR Bank ASA
Mr. C. E. Toepfer, Chief Executive Officer, Borealis Maritime Ltd
Mr S. Tsantanis, Chairman and Chief Executive Officer, Seanergy Maritime Holdings Corp
Mr. A. A. Tsavliris, FICS, AIArb, Director, Tsavliris Shipping Ltd., London
Mr. E. Veniamis, Director, Golden Union Shipping
