Recent History

Highly capable management team with proven track record

Leon Patitsas, CEO, has more than 20 years of experience in shipping and finance

  • Over $2 Billion in total transactions and over $500 Million in secured employment on tankers, dry bulk, and gas carriers
  • Solid track record of buying low / selling high and producing substantial returns to shareholders
  • US educated in engineering and finance and graduate of top schools (MIT and Tufts)

The business is well managed by a highly capable management team and the group is transparent and professional

  • Public company standards for financial controls and reporting with timely audits by a Big-4 audit firm
  • Steered the company successfully and got out of the worst tanker crisis of the last 40 years even stronger
  • Atlas has managed the balance sheet to take advantage of the next upswing in the shipping markets
while 2024 also started on a strong foot!
  • M/T Freeport Star fixed under a 3yr T/C with Phillips66 at the historical record high rate of $42.5K p.d.
  • Five additional orders added to the N/B pipeline (2 scrubber fitted Suezmaxes placed with DHSC and 3 DF LPG VLACs placed with HHI)
Followed by an equally remarkable 2023 …
  • Took delivery of M/T Freeport Star (Aframax N/B) from DHSC in March ’23 and placed her under a 1yr T/C with BP at $50K p.d.
  • Sold the last two Aframax N/Bs (from the original series placed in ‘20/’21) ex-yard for the record high price of $155Mn en-bloc!
  • Completed its fleet renewal process by disposing its last ‘07-built Aframax at yet another historically high price
  • Upsized its N/B program with further orders in DHSC (6 scrubber fitted Suezmaxes) and CIMC Raffles (1+1 DF LNG PCTC 7,000ceu)
Proved to be yet another record year for Atlas
  • Took delivery of the first 2 Aframax N/Bs from DHSC and successfully sold them back-to-back at $60Mn+ each
  • Sold two ‘07-built Aframaxes at record high prices, setting a new benchmark for a 15yr old+ Aframax in the post-2008 era!
  • Placed another series of N/B Aframax/LR2 (scrubber fitted) orders at DHSC with relatively prompt deliveries (4Q24 onwards)
  • Made a well-timed debut in the car carrier sector through a series of N/B Dual Fuel LNG 7,000ceu PCTCs inked at CIMC Raffles
It was a record year for Atlas despite Covid-19
  • Enjoyed the strong spot market in 1H20 and then fixed vessels at spectacular T/C rates ahead of the downturn
  • Sold our oldest vessels for record high prices
  • Perfectly timed fleet renewal secured at the bottom of the market (4Q20) at a 20yr historical low price
Atlas formed a strategic partnership with an experienced US based Commercial Pool Operator
  • Providing solid spot trading platform for our managed fleet
    • The first joint co-investment came with the well timed acquisition of the M/T Dakota Strength back in 2019
    • Vessel chartered out for 2 years at the peak of the market (2020) to a Canadian based P/E firm
Atlas made a well-timed return to the drybulk sector after a 10-year break
  • Kamsarmax bulker bought at a historically low price and profitably sold in 2021
Atlas partnered up with a US based institutional investor, to jointly explore tanker sector opportunities
  • Aframax tanker purchased in Sep. 2016 at an attractive entry point
  • Secured long-term T/C with Phillips66
Leon founded Atlas Maritime to focus on the Aframax Market
  • The bulkers were sold in 2005 and 2007 during very strong markets and the VLGC was sold in April 2008
  • Ahead of a US-listing, a newly set-up IPO SPV acquired 4 Aframax tankers in ‘07/’08
  • Vessels were prudently fixed on 3yr time-charters with profit sharing at the peak of the market
  • Multiple roadshows in both Europe and the US
  • Extensive familiarization with institutional investors
  • Thorough understanding of how capital markets work
  • Successfully implemented JV partnerships with well established, multi-billion US and EU based funds
The Patitsas/Lemos family started a cooperation with the Hadjipateras family (Dorian, now NYSE: LPG)
  • Series of N/B orders placed concurrently and secondhand acquisitions (in Aframax/LR2, Drybulk and VLGC sectors).

Mirannia Petrocheilou


Mirannia joined Atlas in July 2014 as Purchasing Manager. Prior to joining the company she held various positions of increasing responsibility giving her the qualifications and skills of leading and executing purchasing strategies She holds an MBA from University of Leicester, UK and she is a graduate of Maritime Studies at the University of Piraeus. She is responsible for sourcing, negotiating and purchasing of goods, materials and services to meet the ship’s and company’s budget and operational requirements. As a purchasing Manager she has to create sustainable supply chains having efficient suppliers with consistent steady business that secures highest quality of products and services. Her professional approach ensures that value for money is maximized and cost savings are generated.

Katerina Chrisovergis


Katerina joined Atlas in July 2014 as Accounting Manager. She was introduced to the shipping industry in 2000 when she moved to Greece from Canada. She held the position of D/A controller for clients like Chevron, Exmar and Tankers Int’l at Gulf Agency Company, a leading global provider of shipping & marine services. When GAC relocated its headquarters to Dubai in 2003, she worked as Chief Accountant for a shipowning company with 6 vessels. For the last five years, she worked for the Bernhard Schulte Group as Chief Accountant at Bernhard Schulte-Hellas, manager of the Hanseatic Tankers Pool with a fleet of 12 chemical tankers and at Bernhard Schulte Shipmanagement Greece manager of 40 vessels. She holds a BCom in Accounting from Concordia University in Montreal and has completed post graduate studies in Accountancy at McGill University.

Aris Mavris


Capt. Aris joined Atlas Maritime Ltd in September 2007. He holds a Class B’ Captain license and has obtained a Certificate in Shipping & International Trade and Sea Transport from B.C.A. College (1993) as well as holds an MBA, Master of Shipping, Trade and Transport from the University of Aegean (2002). From 1993 to 1999, he worked for Celebrity Cruises Inc., Miami, Florida. He has held several Marine positions at various shipping companies prior joining Atlas Maritime.

Penelope Kallidoni


Penny joined Atlas in 2009 as ISM/ISO Coordinator. Prior to joining Atlas, she has served as the Operations & Commercial Assistant in a NASDAQ listed shipping company for four years. Experienced in ISO, ISM, and ISPS, MLC & TMSA audits, responsible for Collecting and analyzing HSEQ performance and reporting progress on the implementation of Key Performance Indicators (KPIs). Monitors safety on a daily basis through past and projected indicators, ensuring that all regulations are being followed in the company. She holds a BSc in Sociology from Panteion University of Athens.

Chris Ioannou


Chris joined Atlas Maritime Ltd in 2020 as Technical Manager. He holds a Mechanical Engineering degree from University of Houston in Texas. Prior to joining the company he has held various senior engineering positions in the technical department of shipping companies. He was also the project & site manager of the owners’ supervision teams for numerous new-building projects in Europe & Asia including high technology, high efficiency, ECO design product & chemical tankers. He is a member of the American Society of Mechanical Engineers [ASME].

Basil Dimakakos


Capt. Basil joined Atlas Maritime Ltd in December 2012 and on 2016 he assumed the responsibility to run Atlas’ Commercial Operations. He is the company’s primary contact, and reports directly to the CEO, for all matters related to S&P and time charter and spot fixtures, while he also monitors the daily vessels’ movement and expenditures. Prior to joining the Company, he worked in Singapore as the General Manager for a commodities trading company and before that, he worked in senior positions in Ship Management companies, mainly in the tanker and and dry cargo sectors, for 20 years. He is a qualified Captain Class A for all type of commercial vessels of unlimited size. His has sea-going experience of more than 12 years, onboard oil tankers, mainly ULCC, VLCC and Aframaxes. He holds MSc degree for Maritime Operations from John Moores University of Liverpool and MBA from Phoenix (Arizona) University

Christos Zenios


Christos Zenios joined Atlas as the Financial Manager in 2007; he stepped up to the VP-Finance position in 2011 which he held until the end of 2013, when he was entrusted with the CFO role. Since joining Atlas, he has been responsible for modeling and analyzing financial deals for the company, mitigating financial risks, as well as developing and maintaining relationships with Credit and Investment Banks in relation to the capital structure of the company. Additionally, he oversees the Accounting team and works closely with our auditors to ensure the company meets its reporting requirements in a timely and accurate manner. Prior to joining Atlas, he worked for over 5 years in the Banking Sector, where he served as a Senior Credit Officer in the Corporate Banking & Leasing divisions of well established financial institutions in Greece (Piraeus Bank and Bank of Cyprus). He holds an M.Sc. in Finance from the University of Strathclyde (2005), and a BSc degree in Banking and Finance from the University of Wales, Cardiff (1997).

Leon Patitsas​


Leon Patitsas is the Founder and Chief Executive Officer (CEO) of Atlas Maritime. Leon founded Atlas Maritime in 2004 and under his leadership, the company has grown to over $2 billion in Shipping Assets. Atlas’ fleet of Assets is well diversified in Crude oil tankers, product tankers, PCTC’s (Pure Car and Track Carriers) and Gas Carriers. With over two decades of experience in the maritime industry, Leon has built a track record of exceptional returns. Atlas has bought assets at distressed prices and after operating them for an average of 3 to 5 years, had the discipline to sell them and realize profits. The vessels have been fixed on medium to long term contracts producing steady cash flows that repaid debt, distributed dividends and created solid returns. The contracts have been with top tier counter parties like Phillips 66, Shell and BP.

Leon began his career in New York with an investment bank focused on hedge funds and private equity investments, which laid the foundation for his expertise in finance and equity raising. Leon accumulated substantial expertise in buying and selling assets, securing cash flows, and obtaining financing across global shipping capitals including New York, London, and Athens. This experience facilitated successful joint ventures with prominent private equity firms and Asset managers in New York, London, Copenhagen and Switzerland.
Leon was born in London and studied in the United States. Leon earned a Master of Science from the Massachusetts Institute of Technology (MIT) and a Bachelor of Science in Mechanical Engineering from Tufts University. Leon is married and the proud father of three children.