London's maritime cluster is a tremendous success story. While the docks have migrated out of the centre and international dominance has been challenged, London remains an enormous shipping centre, perhaps the world's largest.
From the Baltic Exchange and the shipbroking community to shipowners, insurers, commercial and investment banking, trade finance, commodities, legal and accountancy services - the scale of modern maritime London is awe inspiring.
London is a leading place for specialist education in these areas and also has unrivalled expertise in the provision of services to the global shipping community, including dispute resolution, class and survey work, as well as maritime innovation and technology. We will celebrate the achievements of centuries, and look forward to the challenges of centuries to come.
Introduction by the Lord Mayor of the City of London followed by a symposium
Dr Nikolas P. Tsakos is the Founder, President and CEO of Tsakos Energy Navigation (TEN) Limited, a pioneering company which is the longest established Greek shipping public listing. TEN owns and operates one of the youngest fleets in the world with 65 tankers of 7.3m dwt, consisting of a modern diversified fleet of conventional and ice-class environmentally friendly vessels covering LNG, DP2 Shuttle tankers, VLCCs, Suezmaxes, Aframaxes, Panamaxes and Handysize tankers.
Dr Tsakos comes from a traditional Chios seafaring family. He has been involved in the maritime industry since 1981 and has spent a total of two years at sea. From 1982 to 1985, he was Shipping and Operations Manager of Tsakos Shipping and Trading Ltd in the USA with a focus on the off-shore energy sector in central America and the U.S. Gulf.
He received his BA Degree in Economics and Political Science from Columbia University (New York) in 1985 and his Masters Degree in Shipping Trade and Finance from the City University Business School in London in 1987. Dr Tsakos served as an officer in the Hellenic Navy in 1988.
Dr Tsakos was awarded an honorary doctorate from the City University Business School in 2011, for his pioneering work in the equity financial markets relating to shipping companies. Moreover, he has received the following various awards: "Lloyd's List award for the Best Tanker operator in 2006", "EUROPE's 500 award in 2005, "Lloyd's List award to HELMEPA for achievement for clean and safe seas in 2004" and "Best Maritime Manager of the New Generation" award by the magazine " Business Administration Bulletin" at the Academy of Athens.
Dr Tsakos is the Co-Founder together with Cpt. Panagiotis N. Tsakos of the Maria Tsakos Foundation (named after his late sister), a charitable organization for the well being and education of young, talented men and women focusing on maritime studies and tradition.
The Lord Mountevans took office as the 688th Lord Mayor of the City of London on 13 November 2015. Born in Gothenburg, Sweden, and Cambridge-educated, he has worked in the City since 1972 when he joined Clarksons as a graduate trainee. He is now a ship-broking executive and managing director at Clarksons shipping, and has been a familiar figure in the City since he was appointed Sheriff of the City of London Corporation in 2014. He became Lord Mountevans of Chelsea in December 2014 and has said he would make innovation the theme of his year-long term: "Innovation is a key part of London's success, not just in my field of maritime services and logistics, but also in other important world-beating sectors of professional services, skills and education." He aims to celebrate the power to innovate and drive things forward to help create more wealth and jobs, not just in London, but also across the UK and Europe.
Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.
Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.
Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.
Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.
To access all of Professor Mainelli's previous Gresham College lectures, please click here.