Kyklades Maritime

What Kyklades Maritime does

Kyklades Maritime Corporation is a Greek ship management company headquartered in Piraeus that provides full-spectrum technical, crew, commercial, and HSE management for a modern, scrubber-fitted eco tanker fleet of approximately 28 vessels, comprising 9 VLCCs, 9 Suezmaxes, 2 Aframaxes, 1 LR2 Aframax, and 2 newbuildings under construction. The company was established as KYKLADES MARITIME CORPORATION and grew through a multi-year newbuilding programme executed primarily at HHI Ulsan and HHI Samho in South Korea, with additional vessels ordered from JMU in Japan, producing one of the youngest fleets in the industry. Vessels are dual-flagged under Hellenic and Marshall Islands registries and are crewed by Greek and Filipino officers.

The company's core technology stack centres on the WiDE (WinGD Integrated Digital Expert) platform, an engine performance monitoring and diagnostics system co-developed with WinGD and Propulsion Analytics that combines thermodynamic models with artificial intelligence to deliver continuous health assessment of ship propulsion engines; WiDE is presently active on 12 of Kyklades' vessels. Operational management is delivered under a comprehensive Safety, Quality & Environmental Management System (HSQEMS) certified to ISO 9001, ISO 14001, and the ISM Code, with an OCIMF TMSA-aligned culture and training function.

Kyklades operates a B2B managed-services revenue model, earning ship management fees from vessel owners under long-term contractual agreements and separately handling chartering, bunkering, supplies, sale-and-purchase, and agent appointment for managed tonnage. Its customer base consists of major oil companies and commodity traders — described as a 'preferred partner' — and commercial relationships are built through direct enterprise engagement, industry reputation, and participation in shipping events, rather than through a marketing-driven go-to-market motion. The company is privately held with no disclosed institutional investors.

Name

Kyklades Maritime

Legal name

KYKLADES MARITIME CORPORATION

Website

https://kykmar.gr

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kyklades Maritime is a Greek ship management company in Piraeus that provides technical, crew, commercial, and HSE management for a modern fleet of approximately 28 VLCCs, Suezmaxes, and Aframax tankers on behalf of vessel owners, oil majors, and commodity traders.

Ownership category

akta.pro rank

Product category

Tanker Ship Management

NAICS

Other Support Activities for Water Transportation (48839), Support Activities for Water Transportation (4883)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Crude & Product Tanker Shipbuilding (VLCC/Suezmax/Aframax/MR) (IMAJAAAC)

akta.pro secondary industry

Maintenance Management Programs (Preventive Maintenance, Vendor Networks) (TLABAIAG)

Keywords

• Tanker ship management
• Maritime crew manning
• VLCC fleet operations
• Ship technical management
• Oil tanker chartering

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Ship Management Services: Manages ships entrusted by owners through contractual agreements, assuming full responsibility for health, safety, protection of life, environmental protection, and day-to-day operations including recruitment, manning, technical support, bunkering, chartering, supplies, s&p, and appointment of agents.
2. Chartering Services: Handles chartering operations for managed vessels as part of comprehensive ship management services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kyklades Maritime provides comprehensive ship management services for an oil tanker fleet consisting of VLCCs (up to 318,953 DWT), Suezmaxes (~157,000-159,000 DWT), Aframaxes (115,000+ DWT), and LR2 Aframax tankers. The company manages ships entrusted by owners through contractual agreements, assuming full responsibility for health, safety, environmental protection, and day-to-day operations including recruitment, manning, technical support, bunkering, chartering, supplies, sale and purchase, and appointment of agents. Services are delivered under HSQEMS certified to ISM Code, ISO 9001, and ISO 14001 standards.

Product overview

Kyklades Maritime Corporation provides comprehensive ship management services for an oil tanker fleet comprising Aframax, Aframax LR2, Suezmax, and VLCC vessels. The company manages the full spectrum of vessel operations including recruitment and manning, technical support, bunkering, chartering, supplies, S&P (sale and purchase), and appointment of agents. Services are delivered through a modern, well-maintained fleet that operates under comprehensive Safety, Quality & Environmental management systems certified to ISO 9001 and ISO 14001 standards.

Differentiator

Problem solved

Functional benefit

Products and services

• VLCC Tanker Management

Quantifiable outcome

• WiDE active on 12 vessels delivering automatic fault analysis and swift issue resolution

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Propulsion AnalyticscoreTechnology or Integration · 1 January 2023Greek software company specializing in performance management and energy efficiency optimization for the maritime industry. Developed WiDE system in collaboration with WinGD and Kyklades Maritime for engine performance monitoring, diagnostics, and optimization. WiDE combines thermodynamic models and artificial intelligence to provide full picture of engine performance and health.
• WinGDcoreTechnology or Integration · 1 January 2023Swiss marine engine designer (Winterthur, Switzerland, part of CSSC Group) that developed WiDE system in collaboration with Propulsion Analytics and Kyklades Maritime. WiDE is the only digital engine diagnostics tool combining thermodynamic models and AI for ship propulsion engine monitoring.
• Neptune Declaration SignatoriesminorOthers · 1 January 2021Kyklades Maritime is a signatory of the Neptune Declaration, supporting seafarer welfare during the COVID-19 pandemic and advocating for the release of seafarers stuck aboard ships.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• V.Group (V.Ships): V.Group is the world's largest third-party ship manager, providing full technical, crew, and commercial management across tankers, bulkers, and offshore. Like Kyklades, it offers end-to-end ship management for oil-major and commodity-trader clients, but at significantly greater scale (~900+ vessels).
• Bernhard Schulte Shipmanagement: Bernhard Schulte Shipmanagement is a leading German-family-owned third-party manager operating a large tanker and bulker fleet. Directly comparable to Kyklades as a multi-service ship manager serving global tanker clients with full-spectrum technical, crewing, and commercial services.
• Anglo-Eastern Univan Group: Anglo-Eastern is one of the largest independent ship managers globally, providing crewing, technical, and commercial management from offices across Europe and Asia. Closely comparable to Kyklades as a full-service third-party manager competing for the same oil-major and commodity-trader accounts.
• Wallem Shipmanagement: Wallem is a Hong Kong-headquartered ship management group providing technical management and crewing for tankers, bulkers, and containers. Comparable to Kyklades as a third-party manager competing for crude-tanker work with global crewing networks and ISO-certified systems.
• Columbia Shipmanagement: Columbia Shipmanagement is a Cyprus-based, German-managed third-party ship manager with a large tanker portfolio and full crewing, technical, and commercial capabilities. Directly comparable to Kyklades as a competing European-headquartered manager pursuing the same oil-major vetting panel.
• Thenamaris: Thenamaris is a Greek ship management and tanker-owning group operating VLCCs, Suezmaxes, and product tankers. Closely comparable to Kyklades as a Greek-headquartered competitor in the same crude-tanker segment, drawing on the same Greek-officer crewing pool.
• OSM Maritime Group: OSM Maritime is a Norway-headquartered ship manager with a large tanker and offshore fleet under third-party management. Comparable to Kyklades as a multi-service manager competing for oil-major tanker accounts with global crewing reach.
• Thome Group: Thome Group is a Singapore-based third-party ship manager providing full technical, crew, and commercial management across tankers and offshore vessels. Comparable to Kyklades as a global ship manager pursuing similar oil-major vetting approval and operating modern tanker fleets.

Broad incumbents

• Euronav: Euronav is one of the world's largest independent crude tanker operators (VLCCs/Suezmaxes), publicly listed in Belgium. Comparable to Kyklades on fleet mix and oil-major client base, but operates at much larger scale and combines ownership with in-house management.
• Frontline plc: Frontline is the world's largest listed VLCC/Suezmax owner-operator with a fleet of ~70+ crude tankers. Comparable to Kyklades on customer base (oil majors, traders) and vessel mix, but operates as an owner-operator at materially greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/kyklades-maritime-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kyklades Maritime