Back in 2020, the founders of ISTIA Maritime Co. decided to proceed with an asset buy-out and took their separate way from the family-owned shipping business, founded by the late Michael Ghiokas.

Although freshly established, ISTIA carries a lot of history and expertise. Personnel ashore and the Crew aboard can look back into a common positive record of more than 20 years in managing and operating bulk carriers.

It is this record and reputation that allowed all stakeholders to embrace ISTIA immediately after inception. Financiers, Insurance companies, P&I clubs and key suppliers have from day one shown their trust and their active support in the new venture. Staff ashore and Crew met again under a new brand, and continued to do what they know best:

To deliver excellence with passion!

We are tonnage
providers …

Shipping is a very versatile business. The same applies to the shipping companies. Since our inception we have maintained a very simple and clear strategy, to focus on what we know to do best:

➔ Finance

➔ Acquire

➔ Provide technical and commercial management

to Handy Size Bulk carriers, engaged in ocean transport of dry bulk commodities (mainly minor bulks) worldwide.

… and we are passionate about it.

Both our shore-based staff, as well as our Crew on board can demonstrate an impressive record of over 20 years in the successful operation of the “working horses” of international shipping.

We remain further committed to the principles that has brought all of us together:

  • We are trying to build strong relationships with Charterers. We are working with a very limited number of first-class clients, putting more weight on long term commitments rather than taking opportunistic positions in the market.

lauritzenbulkers

  • Our Charterers are not only our clients, but also our partners. We are committed to deliver first class service to them, by minimizing off- hires and taking always a commercial approach to their requests.

  • We invest heavily in the maintenance of our vessels and the well-being of our crew. For us this is not just a matter of compliance with regulations, it is a matter of principle.

  • We have built up all our processes and the way we operate around a very sophisticated ERP system. Our very accurate and transparent reporting system enables us to have full control over all aspects of our operation, maintenance, compliance and budgeting procedures. We are one of the few companies of our size that can produce Quarterly Financial Reports.

  • We always strive to maintain our good financial position and enhance our relationship with our financiers. As we do with our clients, we are honoring our long-standing relationship with our financiers and never follow an opportunistic approach with the financing of our new projects.

Our People

Dionissou 132
Maroussi 15124, Greece

Opening hours
Mo - Fr : 9:30 - 18:00

T +30210 3642044
info@istiamaritime.gr