Hellenic shipowners move in droves. When one does something that works, others follow.

As early as 1869, budding steamship owner Stefanos Xenos complained how hard it was to keep Greek rivals in London from mimicking profitable trades or investment decisions.

“Greeks unfortunately follow each other in a transaction,” the flamboyant businessman, author and politician wrote in a book on his shipowning days, which is still a treat to read.

The speed with which Greek players spot and adopt fresh ways of doing business has been key to their success.