Greek-owned shipping has been at the top of the world fleet for the last twenty years. Winner of the 1997 Runciman Award, this richly sourced study traces the development of the Greek tramp fleet from the mid-nineteenth century to the present day. Gelina Harlaftis argues that the success of Greek-owned shipping in recent years has been a result not of a number of entrepreneurs using flags of convenience in the 1940s, but of networks and organisational structures which date back to the nineteenth century.

This study provides the most comprehensive history of development of modern Greek shipping ever published. It is illustrated with numerous maps and photographs, and includes extensive tables of primary data.