Greek Shipping Billionaire Capitalizing On Tanker Demand Surge, Deploying Five Vessels To Strait Of Hormuz
Nothing like supply and demand and good ole’ price as a rationing mechanism…
Greek shipping billionaire George Procopiou quickly moved to capitalize on the surge in tanker demand when war broke out, dispatching at least five vessels through the Strait of Hormuz, according to The Chosun Daily.
His move was driven by two key calculations: the massive freight rates oil-importing countries would pay to secure transport, and the lucrative fees oil producers offer to store crude at sea when onshore storage fills up.
Greek shipowners control the world’s largest fleet of oil tankers. Most are leased to energy companies to transport crude globally, though in tighter markets the vessels can also function as floating storage.
To reduce the risk of Iranian attacks while transiting the strait, Procopiou’s ships reportedly switched off their transponders and deployed armed guards on deck. According to reporting by The Wall Street Journal, however, the tankers would likely sink quickly if struck by a missile or drone. Crews undertaking the voyages are said to be receiving unusually high pay.
The report quotes industry sources that said Procopiou’s companies offered charter rates as high as $440,000 per day — roughly four times pre-war levels.
Procopiou controls several shipping firms, including Dynacom Tankers Management, Sea Traders (C Traders) and Dynagas. Dynacom alone operates about 70 vessels. Forbes estimates his net worth at around $4.7 billion. Shipping tycoons such as Procopiou wield significant influence in the global oil trade and maintain political connections in Washington.
The report also identified a potential beneficiary in Sinokor Merchant Marine. The company recently bought dozens of crude tankers and sent several to the Gulf before the conflict began. Sources said Sinokor leased some vessels to Abu Dhabi National Oil Company for offshore storage, earning freight rates of up to $500,000 per day.
Tyler Durden Thu, 03/12/2026 – 02:45
Source: https://freedombunker.com/2026/03/11/greek-shipping-billionaire-capitalizing-on-tanker-demand-surge-deploying-five-vessels-to-strait-of-hormuz/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,786,173,789 |
| Stories: | 8,601,399 |
Whistler Blowers, Insiders
