![[Flag of Societe Franco-Tunisienne]](../images/f/fr~hfstu.gif)
by Ivan Sache
Last modified: 2004-10-02 by ivan sache
Keywords: societe franco-tunisienne d'armement | letters: ft (yellow) |
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by Ivan Sache
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The civil war which broke out in Spain in 1936 divided the country and caused unexpected ressuplying problems in the western Mediterranean basin. Most established shipowners prefered to withdraw from the Spanish trade than to take immoderate risks. Several small businessmen acted as shipowners to fill the empty space. In Marseilles, a group of businessmen of Greek origin, led by Cottaropoulos, were among the most successful of these newcomers.
Panagyotis Cottaropoulos and his associate Theophylatis bought in 1936
the cargo ship MS Prado, which they operated under their two names. In
1938, they bought MS Calvados and MS El-Djem, and founded the Société Européenne d'Armement.
After the Second World War, Cottaropoulos created with his new
associate, P. Canallas, the Société Franco-Tunisienne d'Armement. The
company operated a fleet of small second-hand cargo ships, which were
often damaged and had to remain on-shore because of the lack of cash.
Cottaropoulos attempted to found a new company, the Compagnie
Européene de Navigation, which was no more profitable than the others,
and went out of business in 1972.
Source: Paul Bois. Armements marseillais - Compagnies de navigation et navires à vapeur (1831-1988), published by the Chamber of Commerce and Industry Marseille-Provence [boi03].
Ivan Sache, 26 February 2004
The house flag of Société Franco-Tunisienne d'Armement is quartered per saltire white and blue, bordered red, with the yellow letters F and T in the white quarters.
Source: Paul Bois. Armements marseillais - Compagnies de navigation et navires à vapeur (1831-1988), published by the Chamber of Commerce and Industry Marseille-Provence [boi03].
Ivan Sache, 26 February 2004