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1951 – 1958

Homepage| History| 1951 – 1958

18
Jan, 1953
1951 – 1958
  • History

When Diamantis J. Pateras died in 1951, the six brothers – John, Panagos, Pandelis, Stephanos, Costas & Nicolas – set up their own Company “DIAMANTIS PATERAS LTD.” in London to honour their father.

Two years after its inception, the Group’s first New Building of 10,000 DWT was ordered from a British Yard and was followed by two 12,800 DWT bulkers, “M/S KALLIOPI PATERAS” & “M/S DIAMANTIS PATERAS” and a 19,000 DWT tanker, the “PACIFICATOR”, all ordered in Kiel, Germany.

In 1958 further expansion in New York took place with the creation of NAUTILUS PETROLEUM CARRIERS CORPORATION owner/operator of a San Francisco built crude oil carrier, “M/T SISTER KATINGO”, 33,500 DWT.

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