Angeliki Frangou: Greek shipping magnate

Angeliki Frangou (1965) is the daughter of Captain Nikolas Frangos. If you are not earning your living in the shipping business, you may never have heard of her. But Angeliki Frangou is founder, CEO and chairwoman of Navios Maritime Holdings Inc., one of the largest and fastest-growing shipping companies. At last count, the Navios group of companies had 211 ships (149 dry bulk carriers, 50 tankers and 12 container vessels) under its command, plus nearly 300 barges and small tankers that ply the Hidrovia river system between Paraguay and the Uruguayan coast.
The shipping business is one of the most unforgiving businesses in the universe. Angeliki Frangou built her own empire and it started in 1990 with the 'Fulvia' (14,000 dwt), a bulk-carrier that lay unloved in the harbour of Rio de Janeiro. Her father, Nicolas Frangos, provided the funds she needed to buy the 'Fulvia'. At one point, her father had about 50 vessels, so money was not really a problem.

Fast forward and the 'Fulvia' was scrapped ages ago, but it was a start. The headquarters of her business in Piraeus. Inside it is adorned with antiques from China's Tang Dynasty, a three-century reign that ended in the year 907 AD, were made of wood and so didn't survive the centuries. 'Ancient Chinese antiquities, I love," Frangou confesses. Her silver-grey hair is short and elegant, she has brown eyes, her eyebrows are dark and thick.
After the success of the 'Fulvia', Frangou went to ship auctions in Brazil to buy and restore orphaned vessels. In 2004 Frangou bought International Shipping Enterprises, which United States Steel Corp. established in the mid-1950s to transport iron ore from Venezuela to Canada and the United States.

Her new company, renamed Navios, became one of the very first dry-bulk shipping companies to list on a stock exchange. Suddenly, Ms. Frangou was an international shipping magnate. Next to Navios Maritime Holdings, she floated two more companies on the NYSE: Navios Maritime Partners and Navios Maritime Acquisition. The trio of public companies has a combined market value of about $1.8 billion. A fourth company, Navios South American Logistics, runs a barge and port business in Uruguay and Paraguay. Angeliki Frangou said she plans to take the South American unit public also.

It just shows that women can be as successful as men.

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