Anyway, they add, pilotage rates do not affect a shipowner's decision about using a port.

ECONOMIST: The other Texas

The freight forwarder and ship charterer has grown into a major shipowner with 1.8 million deadweight tonnage and 45 international routes in service.

CNN: BUSINESS FORECAST '96

One Greek shipowner "literally handed us the keys to six ships, " Arntzen recalls, including a bulk carrier that had washed up in Montreal with 6-foot holes rusted through its decks, a victim of deferred maintenance.

FORBES: Magazine Article

According to Greg Zikos, chief financial officer of Costamare, a Greek shipowner which rents its vessels to container lines, they have come to their senses following last year's price war, and are now seeking profits, not market share.

ECONOMIST: Shipping