Professor Costas Th Grammenos CBE DSc
LRF Chair in Shipping, Trade & Finance
Chairman, Costas Grammenos Centre for Shipping, Trade & Finance
Cass Business School, City, University of London
Costas Th Grammenos founded the International Centre for Shipping, Trade and Finance in 1983 (renamed
the Costas Grammenos Centre for Shipping, Trade and Finance in April 2007). He has been head of the Centre
since its inception and responsible for its design; and, until 1997, was Founding Director of the world class
M.Sc. in Shipping, Trade and Finance, introduced in 1984; and the MSc. in Transport, Trade and Finance,
introduced in September 1997 (from 2008-2012, known as MSc Supply Chain, Trade & Finance); while the
MSc in Energy, Trade and Finance was introduced in 2003. More than 4700 students, from 150 countries, have
graduated over this period, and many of them are holding leading positions in international banking, shipping
and trading, manufacturing sectors. In addition, the Centre undertakes research in Shipping Finance, Maritime
Risk Management, Logistics and Commodity Trade and Finance. It also has created a platform for international
dialogue between senior business executives, government and academia.
Professor Grammenos was born in Athens in 1944. He has a BA in Economics (Pantion, Athens), MSc. in
Financial Economics (Bangor, Wales); 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 was Pro Vice-
Chancellor from 1998 - 2011, was Acting Dean in 2000 and Deputy Dean (Undergraduate) from 2002-2010.
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. While, since 1984, he
systematically introduced (through seminars, conferences, lectures and, in 1990s, academic papers) the concept
of raising capital for shipping companies from capital markets. 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, 2010),
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 area, 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". In 2012 and 2013 he was ranked among the top 100 most influential people in the shipping
industry in the Lloyd’s List Top 100.
He is the Founding President of the Governing Body of the “International Hellenic University” in Thessaloniki,
Greece (2006-); he is Member of the Board of Directors of the Alexander S. Onassis Public Benefit Foundation
(1995-) and Deputy Chairman of the Maria Tsakos Foundation (2011-).
He was Chairman of the International Association of Maritime Economists (IAME) (1998-2003); Founding
Chairman of the City of London Biennial Meetings (1999-); he is a member and Fellow of numerous
Professional bodies and organisations and has been awarded several prizes.
In 2013 he was made 'Commander of the Order of the Phoenix' by the President of the Hellenic Republic for
his teaching and research. He was appointed by HM The Queen CBE (Hon) in 2008 for "services to teaching
and research" and OBE (Hon) in 1994, for his work in international shipping and finance.