He was one of the team of shipowners headed up by the late Anthony Chandris who introduced a more open policy to the UGS, hosting press conferences and for the first time airing the views of the industry body.

His presidency of the UGS coincided with the shipping crisis of the 1980s and a particularly stormy political and economic period that brought wide-ranging changes to the Greek shipping registry, widespread seafarer unemployment as Greek owners flagged out and for Karageorgis himself a sharp reduction of his shipping interests.

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