history 2023

was established in Athens in 1998 with a clear strategic goal - "the safe transportation of cargoes worldwide with respect to the environment". Initially the Company assumed the management of two different types of vessels (dry and wet) but at a later stage ARCADIA, realizing the increased demands and responsibilities of the current times, focused its activities on tanker management.

Following the Company’s establishment in 1998, an ambitious investment program began with the construction of high specification aframax and suezmax tankers, in South Korean Yards, on behalf of Companies that had entrusted the management of their vessels to ARCADIA.


In September 1999, ARCADIA took delivery of the first aframax tanker of 105,000 dwt named “AEGEAN PRIDE”, from Samsung Heavy Industries in South Korea. The second sister ship, “AEGEAN LEGEND” was delivered by the same shipyard, in April 2000, and was consecrated by His Holiness Bartholomew, the Ecumenical Patriarch of the Orthodox Church.

In 2003, a further five technologically advanced tankers were delivered from Hyundai Heavy Industries, namely “AEGEAN FREEDOM”, “AEGEAN FAITH”, “MARATHA” (all aframax tankers of 105.000 dwt each), and “AEGEAN EAGLE” and “AEGEAN LADY” (both suezmax tankers of 165,000 dwt each).

In 2004, two more suezmax tankers, “AEGEAN ANGEL” and “AEGEAN DIGNITY” (both of 159.000 dwt each), were delivered by Hyundai Heavy Industries.


In 2006 and 2007 the shipbuilding programme was continued with the delivery of two suezmax and five aframax tankers, from Hyundai Heavy Industries and Samsung Heavy Industries respectively.

The Aframax tankers from Samsung, the first, “AEGEAN MYTH” was delivered in August 2006, the second, “AEGEAN POWER” in April 2007, the third, “AEGEAN HARMONY” in July 2007, the fourth, “AEGEAN NOBILITY” in August 2007 and the fifth, “AEGEAN BLUE” in November 2007. All the above sister vessels are of 105000 dwt capacity.

The suezmax tankers from Hyundai, “AEGEAN NAVIGATOR” and “AEGEAN HORIZON” (both of 159,000 dwt each) were delivered in June and August 2007 respectively.

After nine years, since Company’s last fleet expansion, ARCADIA SHIPMANAGEMENT undertook a new shipbuilding program, which included four (4) innovative and energy efficient SUEZMAX vessels, featuring state of the art equipment, high quality material and facilities, powered by the latest technology engines and components, registered under the Classification Society ABS (American Bureau of Shipping).

On May 2016 M/T “AEGEAN MARATHON” was delivered, followed by M/T “AEGEAN UNITY” on June 2016, M/T “AEGEAN DREAM” on August 2016 and the shipbuilding program was concluded with the delivery of M/T “AEGEAN VISION” on May 2017. All vessels are flying the Hellenic flag and were built at the state-of-the-art facilities of Hyundai Heavy Industries.

ARCADIA, today successfully manages one of the most advanced fleets worldwide. Ιt is the Company’s belief and it is evident that safe and modern tankers will play a vital role in the coming years in sea oil transportation.

All fleet vessels have been built with highly improved specifications under the supervision of  global leading Classification Societies Det Norske Veritas and the American Bureau of Shipping.

history image2 


At present, the fleet Managed by ARCADIA SHIPMANAGEMENT consists of 2 Aframax and 5 Suezmax tankers.

All ARCADIA vessels have been Recognized by the U. S. Coast Guard, for meeting the requirements of Quality Shipping in the 21st Century Program (QUALSHIP 21). Furthermore, ARCADIA is participating to Rightship Ship Vetting Information System with all fleet vessels rated up to maximum performance rating FIVE (5).

The Company is a member of INTERTANKO and HELMEPA.

Company and fleet vessels have been Certified upon the following International Standards: ISO 9001:2015 (Quality) – on June 2018 (initially Certified upon ISO 9001:2000 - on December 2001), ISO 14001:2015 (Environment) – on June 2018 (initially Certified upon ISO 14001:1996 – on March 2004), OHSAS 18001:2007 (Occupational Health and Safety) – on September 2010 (initially Certified upon OHSAS 18001:1999 – on February 2005) by Det Norske Veritas, having also certified all fleet vessels and awarded with the “Green Award” – on February 2005, for its respect and measures being taken for the protection of the environment.  It has also been certified by the American Bureau of Shipping for Risk Management Assessment -Thesis (February 2005).

On July 2012 ARCADIA became the first shipping Company to obtain ISO 50001:2011 (Energy Management) Certification by Det Norske Veritas, having also obtained fleet statements of conformity of Ship Energy Efficiency Management Plans (SEEMP) for all fleet vessels.

On July 2020 the Company was Certified to the revised ISO 50001:2018 (Energy Management) by Det Norske Veritas.

On July 2020 the Company was Certified with ISO-45001:2018 for Occupational Health and Safety, a new ISO Standard which succeeded OHSAS 18001, to enable the organization to proactively improve its OH&S performance in preventing injury and ill-health, integrating the aspects of health and safety, such as worker wellness/wellbeing.


ARCADIA has also invested heavily in strengthening its management and crew, with continuous training and education. ARCADIA strongly believes that experienced and well trained personnel, both at sea and ashore, provides and guarantees the high quality of services to its customers’ demands.

To this direction, ARCADIA has established a modern and well equipped Maritime Training Center with Ship  Simulators (BRIDGE, ENGINE ROOM, LIQUID CARGO HANDLING, ECDIS and GMDSS), within its premises, which has been certified, as such, by Det Norske Veritas on March 2007. (See in separate link (Training), the list of courses provided in Arcadia Maritime Training Center).

ARCADIA SHIPMANAGEMENT CO LTD, with all fleet vessels flying the Greek flag, places great importance to the long tradition of Greece’s being at the forefront of the Maritime Industry.




fleet v2