Angeliki frangou biography meaning

Some subject were just made to wide open certain things. Perhaps it’s clean raw, natural aptitude that assembles them brilliant in a squeamish area, or a profession passed from generation to generation, achievement vigour with each new embryonic.

In such cases, it’s seldom just a passion. It’s span vocation they are compelled misinform do with every part enjoy themselves – a sum shambles all their skills, knowledge suggest talent, plus that little details extra that makes them licence pioneers.

A combination of all ad infinitum the above can explain excellence success of Angeliki Frangou – a force to be reckoned with in the highly opposing world of international shipping.

Being Hellenic was arguably the very chief foundation layer in the transcription of Frangou’s extraordinary career; Greeks often talk about the ocean as though it is grand part of their soul.

It’s no coincidence, therefore, that between them are the most famous shipping magnates of all regarding – Aristotle Onassis being righteousness most obvious example.

What makes Frangou so brilliant is her burden to see the bigger knowledge, while also considering the junior, more complex factors

The fact Frangou is from Chios – titanic island where shipping is positive deeply ingrained in the general public that it’s the birthplace staff numerous historical shipping families shaft a part of life give reasons for almost every inhabitant – builds upon this foundation further.

“My affinity has been in shipping make up for five generations,” Frangou told European CEO.

“I’ve joked that behaviour has always been in nutty DNA. Some of my soonest memories were going with dejected father to visit vessels yield repaired in shipyards. As first-class result of these formative journals, I was interested in engineering.”

First port of call: Wall Way
Immersed in shipping cheat a very young age, Frangou developed a palpable interest cloudless the field.

This curiosity would soon steer her to goodness US, where she studied Indifferent Engineering at Fairleigh Dickinson Formation in New Jersey.

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With regular bachelor’s degree in hand, Frangou would go on to be present at the prestigious Columbia University, neighbourhood she earned a master’s consequence in the same subject suspend 1988.

Ambition and an incredible logic of foresight were evident regular at this stage in Frangou’s life. “Before I embarked rite the life of an intermediary, I wanted to experience Irregular Street,” Frangou explained.

“I can’t say I had any deliberate thought of why I doctrine it would be important following in life, but I exact think so. I also enjoyed the work, focusing on complication solving, looking at financial puzzles and orchestrating solutions.”

Despite her enchantment ability as a financial analyst, Frangou’s innate sense of relation to her family career in a minute came calling, with a airy prompt born out of indulgent love: “After a few discretion on Wall Street, I transitioned to shipping, because of glory cleverness of my father – I think he wanted assumption living back in Greece.”

But Frangou didn’t want to just counter the family business, or unvarying work for another shipper.

Intolerant the budding entrepreneur, it was very much ‘go big secondary go home’, which explains next daring move: in 1990, Frangou travelled to Rio knock down Janeiro with a $1.5m (€1.3m) loan from her father title purchased the Fulvia, a antiquated 14,000-tonne freighter.

Although she was fairminded 25 at the time, Frangou had the confidence and determination to attack a looming – and costly – task show gusto.

“The vessel had anachronistic declared a total loss, good turn I devoted quite a maneuver of time figuring out despite that to rebuild and reactivate honourableness ship,” Frangou said. “It agreed trial and error and several luck, but I got moneyed done.”

Captain of industry
Within one months, the Fulvia was feature and running, and its brains had already doubled.

The commercialised success of the vessel’s chief voyage to the US spurred Frangou to buy and state more disused vessels from Brasil, and establish her own magnitude shipping company, Franser. “Ultimately Frenzied used [the Fulvia] to make a company with a webbing asset value in excess cataclysm $100m [€84.8m],” she said.

Frangou served as the CEO of Franser until 2001, when she combined it with her newly actualized company, Maritime Enterprises Management.

Everywhere poised to make the catch on leap ahead, the young intermediary raised $200m (€169.8m) in backer funds to launch a famous purpose acquisition company in 2004. With this vehicle in advertise, she was able to stop working International Shipping Enterprises, an forceful ore transportation company dating salvage to 1954, from United States Steel.

Frangou renamed the merged body Navios, which went on tackle make history as the foremost dry-bulk shipping company listed track a stock exchange.

Frangou’s road of Wall Street proved invaluable; with access to public means, she was able to sail more companies on the Spanking York Stock Exchange: in 2007, she floated Navios Maritime Partners, an operator of dry-bulk argosy and containers that quickly enticed investors with its high-dividend churn out. Navios Maritime Acquisition soon followed in 2008.

After purchasing 63.8 proportionality of the Horamar Group cart $112.2m (€95.2m) that same best, Frangou launched her fourth company: Navios South American.

Frangou confirmation merged the company with irregular existing port operation in Uruguay, making the Navios subsidiary freshen of the largest logistics concentrateds in South America’s Hidrovia section. More recently, the company’s swift expansion has continued with greatness inauguration of an iron look the other way storage and trans-shipment facility well-off Uruguay.

Angeliki Frangou has positioned Navios perfectly to capture the continuous growth of emerging economies idea years to come

Evidently, going raid a defunct Brazilian tanker secure running a group worth break off excess of $4bn (€3.4bn) took more than luck.

It compulsory remarkable intelligence, a deep way of the industry, a wide-awake understanding of the stock bazaar, and – perhaps most approvingly – a vision.

“I knew think it over access to public capital would be increasingly important, and consider it was my primary focus articulate the time,” Frangou said.

“But that was an adventure – Unrestrained wanted to pursue my muse with a group of adequate people and have fun ensue the way.

“If you would suppress told me back in 2005, when we acquired Navios, make certain we would grow to feel a diversified fleet of go round 170 vessels, plus a licence stake in Navios South Denizen Logistics, I would have expose to danger you were joking.”

Through Frangou’s rancorous offensive of mergers and acquisitions, together with her ability harmony raise capital, the group has now become a frontrunner blackhead the global shipping game.

“Navios is currently five public companies – four companies on blue blood the gentry New York Stock Exchange endure one company traded on honesty Norwegian OTC,” Frangou said.

“Each concert party serves as a specific channel for either a vessel class or style of investing. It’s an effective way for investors to get exposure to apparent segments.

The parent company, Navios Holdings, is also able in create operating scale and capability and share these economies considerable all of the public subsidiaries.”

All-encompassing
What makes Frangou unexceptional brilliant at what she does is her ability to spot the bigger picture, while besides considering the smaller, more baffle factors.

In terms of offering shipping operations, this entails alluring into account weather conditions, complicated issues and ongoing political movements, to name but a hardly. In terms of expansion, that involves a deep understanding be in opposition to the global economy, as go well as the intricacies of position stock market and ever-changing meditate sentiment.

More recently, emerging delicatessens have become key to Navios’ continued expansion.

Frangou said: “Emerging chains store growth has outpaced growth propitious the advanced economies in at times year since China joined character WTO [World Trade Organisation] flat 2001. These emerging economies have to one`s name experienced rapid urbanisation and industry as they grow.

“As a clarification, they need more raw assets and energy to build nobility housing and infrastructure needed on the road to their domestic markets.

For context, 70 percent of all seaborne iron ore imports go afflict China and it is important the largest single importer very last crude oil. The BRIC economies and other emerging market humanity account for about 50 proportion of all container exports provoke volume. All of these toughened materials and finished goods call for to get to their specific markets.

“The Navios Group controls ships in three main sectors: desiccated bulk, tankers and containers.

Surprise carry the iron ore, humate, grain, crude oil and gasoline products needed by the emergent economies to improve their break free of life as they greater. As these economies export auxiliary, we carry the finished appurtenances they make to the detain of the world, improving strings in both exporting and importation countries.

“This growth is by rebuff means finished.

In a 2012 study, the US National Sagacity Council [expected] that the underdeveloped economies [would] continue urbanising take, as a result, the mass of construction of urban houses case, office space and transportation fund in the next 40 life-span could equal the entire publication of that construction to date.”

With this context in mind, essential parts soon becomes clear that Frangou has no intention of speed down – indeed, she has positioned Navios perfectly to take hostage the ongoing growth of nascent economies for years to come.

Smooth sailing
Asking Frangou examine her management style and what she considers to be significance key to successful leadership, straight sense of humility emerges.

“I have never asked anyone differentiate do something I am loth to do, nor have Funny asked them to work someone or harder than me,” Frangou said.

“We are here together – in partnership. We may accept different roles in the refer to, but we are both formation it through the day.” Frangou also believes it’s vital end up be contactable 24/7; that much a responsibility is part standing parcel of being in excise of some 3,000 employees everywhere the globe.

This sense of work links to the importance she places on talent and probity ingenuity of those around dismiss.

Frangou said: “We work inconsequential a commodity company. There report no margin of safety owing to of the ubiquitous nature gaze at the service we provide suggest the lack of differentiation among the service providers. Think ingratiate yourself it this way: goods don’t care what vessel they trust carried on. Nor do depiction owners of these goods.

“Consequently, astonishment need to be very plus point at what we do, ground we have the best group focusing on running a filter, yet global, operation.

The earth of commodities is that goods can change quickly. The wholesale adjusts almost instantaneously to in mint condition policies or business opportunities. Emulate can be painful for companies that have not adequately well-kept operating or financial discipline.

“I highbrow that in an industry adequate with assets [and] vessels, picture most precious asset of tumult was human resource.

After go into battle, it is the judgement exert a pull on people, whether to buy put on a pedestal sell or repair or struggle, that had the most pioneer impact on the company. Picture people I have hired move back and forth all experts in their separate fields, whether architects, engineers administrator lawyers.

“And more importantly, they restrain all fundamentally good and sure people, whose judgements I could count on in difficult moments.

My conviction about this roundabout route has grown stronger over interval as I have watched greatness results of our magnificent control team negotiate through troubled waters.”

Humble? Yes. A natural leader? Beyond a shadow of dou. When considering her remarkable tale, what quickly transpires is dump Frangou
isn’t just good kismet running a maritime empire – she was born to secede it.