In its 47 years in shipping, the Panagopulos family has proved quite adept at reinventing itself.

Group founder Pericles Panagopulos moved into the industry in 1971 with Royal Cruise Line, a California-based cruise company, then switched to bulk carriers and ferries in the early 1990s.

His son, Alexander, is now driving the family’s evolution forward in even bolder fashion.

Arista Shipping, the company he independently founded in 2007 when his father withdrew from the ferry business, is pursuing “Project Forward”, a multimillion-dollar venture to build the world’s first truly deepsea, LNG-powered ship.