ADRIATIC TANKERS by PANAGIS ZISSIMATOS “A GREEK MIRACLE”
The maritime company “Adriatic Tankers” of Cpt. Panagis Zissimatos, is one of the most characteristic examples of the Greek seamanship and at the same time, business insightfulness which has to be a guide for all the young Greeks, and not only, that desire to engage with shipping, a very promising sector for all young people especially today in these very difficult economic times that the new generation faces extremely hard financial and orientation problems.
Cpt. Panagis Zissimatos, founder of Adriatic Tankers, being still an adolescent, started his own sea adventure signing on as from the age of 14. After that, by engaging at the family vessels and the primal shipping companies of this family he gained the necessary knowledge also in the shipping management beyond the necessary sea experience that he had already obtained.
Thus in the forthcoming years, and by foreseeing with acuity the needs and the gaps of the global shipping market, founded at the middle 1980’s the maritime company “Adriatic Tankers” with an aim to gain the portion of the market that he deserved.
With the strong determination and sharpness, that were the distinctive characteristics of its founder, Adriatic Tankers, during the years, took advantage of the market cycles and managed to evolve form a small maritime company to one of the major Shipping companies globally. At the zenith of its expansion, the company had a fleet of more than 100 vessels with personnel on board and ashore over 1,500 employees. Having Piraeus as the centre of its business activities, Adriatic Tankers in the middle 1990’s and its largest expansion, had incorporated offices in all the major maritime centres, such as Rotterdam, London, Houston USA, but also in the far East and more particularly in Japan, Korea and Singapore.
Adriatic Tankers managed to succeed this vast and rapid development, by using and introducing innovations in the global shipping market such as the use of S/S chemical tankers which opened new roads and prospective in the carriage of liquid cargoes and which up until that time were not used in wide scale globally, but also in the introduction and adoption of the code of Safe Management of vessels which now consists one of the most significant parts of the International maritime codification and practice.
Adriatic Tankers was one of the substantial pillars of the Greek shipping in the global field during the decade 1985-1995 and at the same time constituted a school for hundreds of Greek and foreign seamen and administrative personnel who during the next years used this precious knowledge and experience who gained through the years they were part of Adriatic Tankers, to their new ventures and maritime business activities promoting thus even more the vision of the founder of Adriatic Tankers for development and consolidation of the Greek shipping and seamanship in global level, something that constituted and the heritage of Adriatic tankers to the Greek Shipping and Greek seamen.
Three Promising Real Estate Stock as Recommended by Vassilis Milionis
Real estate is still one of the most profitable and promising investments one can use to protect their future’s finance. Investing in the real estate product doesn’t have to be in the physical form or a building. Playing with the real estate stock also could be a method to make a profit with lower risk and a convenient way to keep the investment work well for a long time. For this reason, Vassilis Milionis, an investment and real estate expert, recommends several choices of real estate stock that investors can try.
CoreSite Realty (NYSE:COR)
CoreSite Realty focuses on building and operating as well as maintaining data centers. This company’s service has high demands in today’s industry, where everything is based on the digital system. The building is one of the strong reasons to choose this stock for investment. People or institutions will always need them. For the past 12 months, this company stock has increased by 9%. With a 4% dividend, this stock offers a profitable investment.
Hannon Armstrong Sustainable Infrastructure (NYSE:HASI)
This company also offers promising investments in the real estate stock market. Vasilis Milionis also added that an investor that wants to invest with the ESG concept or Environmental, Social, and Governance concept should consider HASI as the stock where they put their money. One of the advantages of Hannon Armstrong Sustainable Infrastructure is it has a partnership with the government. It means that it has a strong backup, which can help them to survive when the problem arises. As for its record, HASI stock value has increased by 79% since its IPO with a 2.6% dividend per year.
St. Joe Company (NYSE:JOE)
St. Joe Company focuses on building residential areas that become a hotcake during the colder weather in the North. This company operation area is in Florida, where the warm weather can be easily found and enjoyed by people who live in the colder area. This unique business model seems promising, especially for people who need to release their stress because of the pandemic. Furthermore, this company also builds much accommodation for its main properties, such as restaurants and other facilities. Last year, this company stock was up 74% with a sub-1% dividend. Even though it is classified as the B rating stock, but Milionis recommends it as one of the promising real estate stocks that can grow in the future.
Real Estate Market Show A Promising Sign
People often see the pandemic has brought many problems to the real estate industry. The demand for property decreases as the customer can’t directly visit the product to find out more about its quality, like what a property buyer did in the past. However, the reality is the opposite. Close to the end of 2020, the real estate market, especially the housing market, shows a great improvement. One of the top experts in the real estate market and investment, Vassilis Milionis, even recommended people to buy or sell the property because the market situation hasn’t been as good as today.
One of the reasons that drive the real estate market to move in a better direction is the product and interest rate. Currently, the supply of property products is deficient. This condition is a good thing for the seller because their product will have a high demand in the market. On the other hand, the buyer also can see it as the chance to get the product that is difficult to get previously. Thanks to this condition, the wheel of the real estate market has started to spin once more. And, the expert also predicts that it will move even faster next year, which could be the year where the real estate industry rises to its history’s top condition.
Vasilis Milionis also noticed some changes to the interest rate of the property product. This year and maybe the next year will become one of the lowest interest rates that clients can find on the real estate market. The low-interest rates that many real estate agencies put on their product are another reason why the real estate market looks so promising today. During the pandemic, where the number of customers drops drastically, this company has some problems selling their product. So, to fill the quota of this year, many real estate companies try to offer benefits for the clients who want to buy their product by lowering the interest rate.
Real estate products, especially the suburban areas, have also become popular these days. There is a trend where many people that used to live in the big city move to the suburban area to find a more peaceful situation. Thanks to this trend, Milionis said that the property market in this area had grown significantly. With a better spread of need like this, it is no doubt that the real estate market is in top condition today.
3 Important Parts that Bank Should Focus At for Restoring Global Finance after Pandemic
Bank has a significant part in the effort to restore global finance after being struck by the pandemic this year. Banks will become the fund source that helps the business restore and revive after the crisis besides the incentive that many countries’ governments have been given or planned to give. For that reason, Vassilis Milionis said that a bank must focus on the right part where they give the funding to support the restoration process of global finance. This investment and financial expert also mentioned three essential things that are necessary to put in the priority.
The first part is the digitalization. The bank should focus on the business that runs in this industry, as this sector will become the core of the business and finance world in the future. Furthermore, the pandemic also forces people to use this platform more often due to their mobility limitations. Therefore, this part also becomes a great sector that will attract more investors to invest their money. Thus, it will help the countries and companies to get back on their feet. All of this process will also affect the financial condition globally.
The second part that Vasilis Milionis also mentioned is the supply chain. Today, the business world needs to have strong and durable supply chains. Banks can help create a program that connects those who need a product to the supplier that provides them. It doesn’t only help to simplify the process to start and run the business. But, it also accelerates the restoration process, which the expert predicts that within two or three years, the result will be visible.
The last part is the workforce quality. The crisis leads to a difficult situation that pushes the business world to adapt and create a new system to utilize the new normal that is happening and will happen in the future. Therefore, high-quality human resources will have a role in making this situation work well. The bank can enter the process to provide a top-quality workforce by having programs that help the company financially to create better training and hiring programs. Milionis said these are all important to make the world run once again in a better direction, not only for people but also for the business world in the future. These are also necessary to restore the condition after the crisis.
3 Best Investment in Southeast Europe Area Suggested by Vassilis Milionis
The Corona pandemic has negatively affected many aspects of European countries, especially the Southeast Europe area. Countries are suffering from the sudden change caused by this situation, which also affects their economy. However, good news has come for the countries in this area. The EU has planned to provide a substantial incentive for the affected countries to recover from the crisis. According to Vassilis Milionis, an expert in real estate, finance, and investment, this is a good sign for the investor to enter and put their money along with the plan. The question is which asset can be considered the best investment for the Southeast Europe area.
First of all, the EU will focus the funding for the recovery process of digital and physical infrastructure restoration. Therefore, this is also the best sector for investment. The needs and demands of the digital product and service have increased significantly, as people are still limited to traveling and even leaving their house during a pandemic. It creates a profitable opportunity for businesses in this sector to grow bigger. With the EU funding for Southeast European countries, this field could experience a massive expansion in the next two or three years. When the investment enters as early as next year, the investor will receive the benefits from it in the next couple more years.
However, Vasilis Milionis also added that real estate or property products are still a hot asset to pay more attention to its development. During the pandemic year, 2020, there was some fluctuation of its value on the market. Many countries in Southeast Europe also use their funds to recover the more significant sector affected by the pandemic. But, the demand for the property is still high, similar to before. Therefore, this sector is also something that all investors who want to invest in this area must consider.
The last sector that is also recommended by Milionis is the aviation stock. With many promising results from several companies for the COVID vaccine, the aviation stock increased significantly, showing the trust and prospect that this field will return to its normal condition. Overall, those three sectors will hold an essential role in developing the Southeast European countries, which also become a promising sector where the investment can flourish in the future and produce a good number of profits.
3 Safest REITs for Future Real Estate Stock Investment
The pandemic brought a clear effect to many things today, including real estate stock.
The pandemic brought a clear effect to many things today, including real estate stock. Vassilis Milionis, a property expert, said the real estate stock has a different situation and is very fluctuating today. This unstable condition even happened to the top company stocks. One of the best examples of this condition is the Real Estate Investment Trust (REIT) of Pebblebrook Hotels’ condition. Its stock value increased to almost 20 percent on June 5th. However, at the end of the month, the value falls significantly way below the expectation.
That condition makes anyone who plans to invest in real estate stock need to be extra careful when choosing the REITs they want to buy. However, Vasilis Milionis has three recommendations for the safest REIT now.
American Tower (NYSE: AMT)
The first one is the American Tower (NYSE: AMT). This is the largest REIT that has been released to the public for the real estate category. As its name implied, this REIT is dealing with the tower for communication purposes. Even though it has been released for a long time, it still has so many rooms to grow. Moreover, the new internet technology, the 5G technology, will be implemented soon. It will need the American Tower part to succeed in the plan.
Easterly Government Properties (NYSE: DEA)
This company shows significant movement to improve its business. One of them is its success in acquiring and redeveloping the FBI field office in Mobile, Alabama. The 76,112 square-foot fields have become one of the crown jewels of this company’s history. Furthermore, it also promises a lucrative dividend for its stockholder with $0.26 per share every quarter. This company stock also keeps in the high position with the highest peak at $29.70, and the lowest peak, earlier this month, was $21.43.
Innovative Industrial Properties (NYSE: IIPR)
IIPR has a unique work system, where it deals with lease and rent of facilities for medical-use marijuana production. With 63 properties in 16 states, this company has a better chance to survive in future competition. Furthermore, this company’s stock value also increases by 30% in November, which is a good sign that everyone who wants to invest needs to notice.
The real estate market stocks could be falling. However, with those three REITs based on Milionis’s recommendation, they will become a good investment for the future. Moreover, they also have the lowest risk of financial problems as their service will be needed.
Real Estate Market Trend Move to the Bigger One
The pandemic changes many things in today’s world. The real estate market is no exception. As said by Vassilis Milionis, this year will be challenging as well as promising years for real estate. One of the unique cases in the real estate market transformation is the micro-condo market because of the pandemic.
Micro-condo, a small and compact living place, which is usually built in the downtown area, once was marketed as the best solution for people who need a living place. People love this concept, and many were sold when it was introduced two years ago. The customers are mostly those who are single or students. The compactness of micro-condo allows them to get the freedom that they want. Even though the rent rate was quite high, there were always demands for this unique building concept.
However, the pandemic has changed people’s lifestyles. Many people lose their job, which means losing their income to pay for the freedom this small building offers. Currently, the situation is getting worse for this building category. Realtors and expert Vasilis Milionis agree that it is quite difficult to make a quota for the small condo category. A Realtor has a problem selling a building with a size of smaller than 500 square feet. Now, it crowded the real estate market.
So, here comes a question. Which property are people favorites today? According to the TRREB and Urbanization data, currently, people prefer to live in large spaces. Rather than following their ego to get the freedom, the market carefully chooses the property that could turn into the property with better value in the future. Therefore, the easy-to-use and compact size condo lose its attractiveness. It isn’t worth investing in.
The real estate market condition shows that the building with 2,000 square foot size is more appealing for the buyers. Thus, it is not surprising when this large building type becomes the leader of today’s real estate market. Its supply keeps decreasing, thanks to the higher demand for this type of building.
Milionis sees this as the normal reaction due to a pandemic. People tend to save more money to prepare for the worse effect in the future if the pandemic doesn’t subside. He also said that people start to know how to invest in real estate. This is a good thing, as it will stimulate the market to wake up after receiving a quite hard blow from COVID 19.
“Οι 12 ένορκοι”
“Η Γυναίκα με τα Μαύρα”
“End Credits” 2012-ongoing
7η Μπιενάλε της Αθήνας
“Ωδή για την Ειρήνη” στο Πολεμικό Μουσείο
Κωστής Μαραβέγιας στην 3η Μαρίνα Γλυφάδας
Athens Garden Festival
“Κεραμική από την Κορέα”
Τρώνε πρωινό παρέα με καμηλοπαρδάλεις! (video)
Οι 10 πιο απίστευτες “γκάφες” που έχουν κάνει οι παρουσιαστές ειδήσεων!
Οι πρωταγωνιστές από το Ρετιρέ, πως ήταν τότε και πως πριν λίγα χρόνια
Τα παιδιά των ελληνικών σειρών μεγάλωσαν. Δείτε τους τότε μικρούς πρωταγωνιστές σήμερα
Οι 10 πιο ανατριχιαστικές εικόνες που δείχνουν το μέγεθος της μόλυνσης του περιβάλλοντος
Business3 έτη ago
Η Adriatic Tankers και ο Παναγής Ζησιμάτος
Ψυχαγωγία3 έτη ago
«Greece The Musicult» με τον Μάρκο Σεφερλή στο Δελφινάριο
Στο πέρασμα του χρόνου3 έτη ago
Οι πρωταγωνιστές από το Ρετιρέ, πως ήταν τότε και πως πριν λίγα χρόνια
Ενδιαφέροντα4 μήνες ago
Τρώνε πρωινό παρέα με καμηλοπαρδάλεις! (video)
Ψυχαγωγία3 έτη ago
Οι Μάγισσες της Σμύρνης στο Θέατρο Παλλάς!
Παράξενα3 έτη ago
Οι πιο παράξενοι άνθρωποι στον κόσμο. Δείτε το top10!
Παράξενα4 έτη ago
Αντέχεις; Αυτοί είναι οι 5 άνθρωποι με τις μεγαλύτερες γενετικές ανωμαλίες (Video)
Ενδιαφέροντα3 έτη ago
Ένα αγόρι νικάει μια ολόκληρη ομάδα σε διελκυστίνδα! (video)