Greek Merchant Navy
The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.
Read more about Greek Merchant Navy: Development in Asia, Hellenic Merchant Marine Rank Insignia of Bridge or Deck - Officers, Hellenic Merchant Marine Rank Insignia of Engineer Officers, Rank Exceptions, Promotions, Families, Greek Shipping Companies
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—Strabo (c. 58 B.C.–c. 24 A.D., Greek geographer. Geographia, bk. 1, sct. 2, subsct. 8.
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“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
—William Howard Taft (1857–1930)