IHU Legal Studies Faculty

Professor Dr. Costas Th. Grammenos,
CBE, Dsc

Professor Dr. Costas Th. Grammenos,<br/>CBE, Dsc

Costas Grammenos is President of the Governing Board.

He founded the International Centre for Shipping, Trade and Finance in 1983 in the CASS Business School of City University, London (renamed The Costas Grammenos International Centre for Shipping, Trade and Finance in April 2007). He has been head of the Centre since its inception and responsibile for its design. Until 1997, he was also Director of the world class MSc in Shipping, Trade and Finance, introduced in 1984; and the MSc in Logistics, Trade and Finance, introduced in September 1997, while the MSc in Energy, Trade and Finance was introduced in 2003. More than 2000 students, from 85 countries, have graduated over this period, and many of them currently hold leading positions in international banking, shipping, trade and manufacturing sectors. In addition, the Centre undertakes research in Shipping Finance, Maritime List Management, Logistics and Commodity Trade and Finance. It has also created a platform for international dialogue.

Professor C. Th. Grammenos was born in Athens in 1944. He has a BA in Economics (Panteion, Athens), MSc in Financial Economics (Bangor, Wales) and a DSc in Shipping Finance (City, London). He started his career in the National Bank of Greece in 1962 and was financial shipping expert at the Bank's head office in Athens from 1973-1974. He was Independent Researcher and Advisor from 1977 until 1982. He joined City University in 1982 as Visiting Professor and became Professor of Shipping, Trade and Finance in 1986. He has been Pro Vice-Chancellor since 1998, was Acting Dean in 2000 and Deputy Dean (Undergraduate) since 2002. He teaches Shipping Investment and Finance where, in 1977, he introduced credit analysis and policy of bank shipping finance which, since then, has been applied by most international banks. He wrote the well-known seminal monograph on the subject 'Bank Finance for Ship Purchase' (1978) and has written many studies and articles. He is the editor of the major academic publication 'The Handbook of Maritime Economics and Business' (2002), LLP, where 50 leading academics from 30 universities in 19 countries contributed 39 chapters. He has given papers and lectures in various parts of the world.

He created - through his published research - 'Shipping Finance' as a new academic discipline, which is acclaimed as a "significant contribution to knowledge in Shipping, Trade and Finance" and he introduced, through the MScs, a new approach in international business, "the spherical approach". He was made OBE in 1994, for his work in international shipping and finance, and was 1998 Seatrade Personality of the Year. He is Member of the Board of Directors of the Alexander S. Onassis Public Benefit Foundation (1995), Member of the American Bureau of Shipping (1996), FRSA (1996), Member of the Editorial Board of the International Journal of Maritime Economics (1999), Founder and Chairman of the City of London Biennial Meetings (1999, 2001, 2003, 2005), a Founding Trustee of the Institute of Marine Engineers Memorial Fund (2000), Freeman of the City of London (2000), Liveryman of the Worshipful Company of Shipwrights (2002), Fellow of Chartered Institute of Bankers (2004). He is Visiting Professor at the University of Antwerp (2000), and was President of the International Association of Maritime Economists (IAME) (1998-2002), non executive member of the Board, Marfin Investment Group (MIG) (2007).

In January 2009, Professor Grammenos was recognised for his prominent role in making London the World’s leading centre for teaching and research in the world of shipping, trade and finance with the award of a CBE (Commander of the British Empire) in the Queen's New Years Honours list.

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