Company > Our History
EST was established in 1973 as the operator of a single reefer vessel. During its first 20 years of existence, EST continued to focus almost exclusively on managing reefer vessels. Due to the high value and perishable nature of reefer cargoes, the reefer trade is known as one of the most demanding shipping trades.
Based on the foundation of quality management established in a highly specialized shipping segment such as the reefer trade, EST expanded its operations to include the management of multi-purpose container vessels. The container trade is also very demanding in that time is often of the essence in the delivery of container cargoes. Having acquired invaluable experience from the reefer market accompanied with acclaimed success EST embarked on the container trade in 1995.
By 2001 EST was providing ship management services to approximately 13 bulk carriers and was collaborating with “SwissMarine”, a major broker who controlled the majority of the worldwide transportation of dry cargoes. Following this successful initiative, EST continued to invest its resources and efforts into the bulk market. Applying its previous management expertise and reinforcing its commitment to the bulk carrier market, EST commenced upon targeting on servicing fleets with vessels of inimitable quality that complied with the increasing international maritime quality requirements. Suffice to say that EST provided ship management services to the first 2 ever built double hull ‘capes’ in the world. The result of this dedication to quality and excellence combined with the ingenuity and vision of the company’s managers and the unparalleled work ethics code of all its employees became evident in 2004 when EST received the first EFQM “Committed to Excellence” Certification ever awarded in the shipping industry.
In the following years the disastrous events of m/t “Erica” and m/t “Prestige” exposed the real need for quality and safer vessels in the tanker market. EST, being already a commended ship management service provider, leaded the trend by bringing its exceptional record of excellence and dedication to quality into the tanker market. Servicing only fleets of double hull tanker vessels of average 2,5 age EST is gradually proving to be one of the world leaders in the liquid market as well. That is the reason corporations like Chevron Texaco, Exxon Mobil and Shell have entrusted EST to provide ship management services to their chartered tankers.
Relying on its past success stories, resourcefulness and entrepreneurial ingenuity EST has recently entered the passenger transportation market and currently manages its first cruise vessel.
Over the years EST has undoubtedly established itself as one of the world’s leaders in the provision of ship management services ranging from simple advice on logistics to ‘tailor made’ solutions and from ship operations to freight contracts. Currently, EST provides management services to a fleet comprised of 58 bulk carriers, 2 reefers, 20 tankers and 1 cruise vessel while it provides consultation services for another 11 newbuildings. The growth and solidification of the company into a major player within the shipping industry serves as a bright example of dedication and commitment of all EST personnel to the core values, priorities and high standards set by the company. EST continues in its quest to provide optimal seaborne transport logistic solutions to world markets in a safe, secure, reliable and cost efficient manner while always maintaining the highest regard for its customers, the safety of its crews, cargoes and vessels and respect for the environment. Such high standards can only be achieved through an unbroken chain of dedication and commitment, from senior management down to ordinary seamen, and it is this human factor which truly sets EST apart and ensures its continuing success in providing continuously superior services to its customers.
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