M/Maritime

What M/Maritime does

M/Maritime is a privately held Greek ship management company headquartered in Athens (24 Erythreas Road, Tatoi 13677) and founded in October 2016 by John Mytilineos. The company specializes in technical and crew management of modern dry bulk carriers, serving ship owners and operators who require professional third-party management for their dry bulk tonnage. Its customer base is described as "reputable" enterprise clients in global dry bulk shipping, with services delivered under private contractual agreements rather than public pricing.

The company's core asset is a fleet of 18 modern dry bulk carriers built exclusively at reputable Japanese shipyards (Mitsui, Imabari, Oshima, Shin Kurushima, Japan Marine United, Saiki-Onomichi, Namura-Hakodate), comprising 8 Handysize (35,000-38,000 dwt), 8 Ultramax (60,000-64,000 dwt) and 2 Kamsarmax (81,000 dwt) vessels with an average fleet age of 8.7 years. Vessels are designed as "eco-type" with energy-efficient hulls, rudder bulbs, propeller boss cap fins, advanced flipper fins, post swirl ducts and high-performance antifouling paints. Onboard and shore-side technology includes telemetry and performance monitoring systems (consumption data from main engines, generators, ballast water treatment plants and exhaust gas cleaning systems), weather routing and voyage optimization software (speed/trim optimization, biofouling detection), integrated navigation and bridge systems, and electronic oil record / ballast record books for regulatory compliance. An orderbook adds three Japanese dry bulk newbuildings (deliveries 2029-2030) and, marking a strategic diversification, two 2,800 TEU feeder container newbuildings at HD Hyundai Heavy Industries (deliveries from early 2028).

M/Maritime monetizes through (1) recurring ship management fees for technical management, crew management and operational services billed to vessel owners, and (2) time charter income derived from long-term charter agreements (5-10 years) on owned and chartered-in tonnage, with purchase options at the end of term on the Japanese newbuildings. The go-to-market is relationship-led enterprise sales, supported by a presence at major industry events (Bari Ship International Conference, Sea Japan, International Propeller Club, Thessaloniki International Fair Japan Pavilion) and brand-building initiatives such as the Maru exhibition on Greeks in Japanese shipyards and a Memorandum of Cooperation with the Embassy of Japan to Greece. Customer acquisition relies on industry reputation, Greek maritime heritage and demonstrated operational excellence rather than product-led or self-serve channels. Headcount is reported at 11-50 employees onshore, supplemented by dedicated seafarers across the fleet.

Name

M/Maritime

Legal name

M/Maritime Corp.

Website

https://m-maritime.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

M/Maritime is a Greek ship management company that provides technical and crew management for a fleet of 18 modern dry bulk carriers built in Japan, serving ship owners worldwide. It monetizes through recurring management fees and long-term time charter agreements, and is expanding into feeder containers via two 2,800 TEU newbuildings.

Ownership category

akta.pro rank

Product category

Maritime Ship Management

NAICS

Support Activities for Water Transportation (4883)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

Keywords

• Ship management services
• Dry bulk shipping
• Vessel fleet management
• Maritime transportation
• Crew management

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Management Services: M/Maritime provides comprehensive ship management services for dry bulk vessels, including technical management, crew management, and operational services to ship owners. Revenue is generated through management fees charged to vessel owners.
2. Time Charter Agreements: Company enters into long-term time charter agreements for vessels including purchase options at end of term. Also operates time chartered-in fleet to supplement managed vessels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

M/Maritime is a Greek ship management company that provides comprehensive technical management, crew management, and operational management services for a fleet of 18 modern dry bulk carriers (Handysize, Ultramax, and Kamsarmax) built at Japanese shipyards. Services cover vessel operations, regulatory compliance, maintenance, and global transportation of dry bulk goods on behalf of vessel owners.

Product overview

M/MARITIME is a ship management company offering comprehensive dry bulk carrier management services. The core offering consists of managing a fleet of 18 modern dry bulk carriers across three vessel segments: 8 handysize (34,000-38,000 DWT), 8 ultramax (60,000-64,000 DWT), and 2 kamsarmax (81,000 DWT) vessels, all built at reputable Japanese shipyards. The company also operates a time charter fleet and has recently expanded into the feeder container segment with 2,800 TEU newbuildings. The product portfolio is unified under the M/MARITIME brand, providing end-to-end ship management for dry bulk goods transportation with a focus on operational excellence, safety, and environmental performance.

Differentiator

Problem solved

Functional benefit

Products and services

• Dry Bulk Carrier Ship Management Comprehensive technical, crew, and operational management services for a fleet of 18 modern dry bulk carriers, comprising 8 Handysize (35,000–37,000 DWT), 8 Ultramax (60,000–63,000 DWT), and 2 Kamsarmax (81,000 DWT) vessels, all built at reputable Japanese shipyards. The service is provided to ship owners and shipping companies seeking reliable, quality-focused, and environmentally responsible vessel management for the global transportation of dry bulk goods.
• Time Charter Fleet Operations Long-term time charter arrangements under which M/MARITIME charters in vessels from third-party owners to supplement its managed fleet and provide broader service coverage to its shipping clients.

Quantifiable outcome

• 879,550 tons of dry commodities transported by AVRA.GR in 5 years
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• Embassy of Japan to GreeceflagshipStrategic or Co-development Partner · 10 June 2026Signing of a Memorandum of Cooperation between M/MARITIME and the Embassy of Japan to Greece, formalizing shared commitment to elevate the relationship between Greece and Japan in maritime sectors. M/Maritime serves as Platinum Sponsor of the Japan Pavilion at the Thessaloniki International Fair 2026, celebrating deep maritime connection and shared values between the two nations.
• Government of Greece (Deputy Minister of Foreign Affairs)flagshipOthers · 10 June 2026Deputy Minister of Foreign Affairs Mr. Harry Theocharis attended the MoC signing ceremony between M/Maritime and Embassy of Japan, signifying importance of the partnership for both countries and international business community.
• HD Hyundai Heavy IndustriescoreStrategic or Co-development Partner · 23 April 2026M/Maritime has entered the feeder container segment through signing of two 2,800 TEU newbuilding vessels with HD Hyundai Heavy Industries in South Korea. Vessels will be constructed with eco-efficient CON-GREEN design, compliant with IMO Tier III standards, with deliveries expected from early 2028.
• Japanese Shipyards (Oshima, Onomichi, Imabari)coreStrategic or Co-development Partner · 23 April 2026Long-standing partnerships with Japanese shipyards including Oshima Shipbuilding, Onomichi Dockyard, and Imabari Shipbuilding for dry bulk newbuildings. Three newbuilding charters (Handysize and Ultramax) with purchase options, deliveries scheduled 2029-2030.
• Industry Partners (Marlow Navigation, Navigate Response Ltd, Scholasticus Law PLLC, Crotti Safety Hellas, Katradis Marine Ropes Industry S.A., SABO Marine Services, DETURBO Piraeus)minorImplementation/ SI/ Consulting Partner · 1 October 2025Contributed specialized sessions at M/Maritime Onboard Officers Conference 2025, sharing insights on operational, technical and regulatory topics relevant to modern ship management.
• ONEX Shipyards Neorion Syros IslandminorStrategic or Co-development Partner · 17 June 2021Greek shipyard partnership for vessel dry-docking and maintenance. M/Maritime completed dry-dock of AVRA.GR at ONEX Shipyards Neorion at Syros Island, supporting Greek shipbuilding and maintenance industry.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Wallem Group: Hong Kong-headquartered ship management and maritime services firm managing bulkers, container ships and offshore vessels for third-party owners. Closely comparable to M/Maritime in providing third-party ship management with crewing, technical and operational services.
• Bernhard Schulte Shipmanagement (BSS): Independent German-headquartered ship manager with a large, diversified fleet of bulkers, tankers and container vessels. Directly comparable to M/Maritime as a third-party manager combining technical management with crewing pools and digital performance monitoring.
• Thome Group: Singapore-based independent ship management group providing technical management, crewing and marine services across bulkers, tankers and container ships. Comparable to M/Maritime as a non-owner ship manager with a global owner-client base and similar service mix.
• Anglo-Eastern Univan Group: One of the world's largest independent ship management companies, managing a large mixed fleet of bulk carriers, tankers and container vessels. Directly comparable to M/Maritime as a third-party ship manager serving commercial owners with global operations and a similar technical, crew and operational management offering.
• V.Ships (V-Group): Global ship management and maritime services group providing technical management, crewing and lifecycle services across bulk, tanker, container and offshore segments. Closely comparable to M/Maritime in scope of ship management services and global owner-client base.

Broad incumbents

• Diana Shipping: Greek dry bulk owner-operator with a fleet of Capesize, Kamsarmax, Panamax and Ultramax vessels, focused on time charter employment. Comparable on dry bulk vessel types and Greek heritage, but as an owner/operator rather than a management company.
• Star Bulk Carriers: Large Greek-listed dry bulk owner-operator with a fleet of ~100+ Newcastlemax, Capesize, Kamsarmax, Panamax and Ultramax vessels. Comparable to M/Maritime on the dry bulk asset class and Greek operating base, but operates at vastly greater scale as an owner rather than a third-party manager.

Emerging players

• Unifeeder: Denmark-headquartered container feeder and shortsea operator now part of DP World, operating a large network of small and mid-size container vessels. Relevant peer for M/Maritime's planned entry into the feeder container segment with its 2,800 TEU newbuildings.

Regional players

• Thenamaris (Siafa): Greek-based ship management company managing a diversified fleet of bulkers, tankers and container vessels for the Laskaridis family. Comparable to M/Maritime as a Greek ship manager with broad technical and crew management capabilities across dry bulk.
• Minerva Marine: Athenian Greek ship management group operating a mixed fleet of bulkers, tankers and container vessels from Greece. Directly comparable to M/Maritime as a Greek-domiciled ship manager with a similar service offering and dry bulk exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/mmaritime_official
• LinkedInlinkedin.com/company/m-maritime-corp.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 M/Maritime