Yeah and you will find different nationalities in different offices. But you can still pinpoint significant cultural differences between the management strategies.
For example, Greek bulk management is still very different to Norwegian, Nordic or Dutch. For starters, Greeks are very strict about timing the cycle and have recently timed market perfectly. The same cannot be said for the Germans, and I think a lot of this comes down to culture. Greeks are always pessimistic and have been taught through hundreds of years in the business to never over extend during upturns.
There are other differences as well, for example Greeks are masters at cutting costs, and are a very cunning people. Greeks will manage 500,000 tons of dry bulk vessels with less than 10 people, whilst other offices need 20-30. They will buy second hand and operate them in a cost efficient manner. They will not spend a fortune on market reports, clarksons subscriptions, management systems and it software that they do not NEED. A non Greek shipowner once told me that one of the secrets to the success of the Greeks was that ‘Greeks take the same pleasure in saving a dollar than in making one’. I contrast this to my experience with an AMerican shipowner, who instead of cutting costs tried to beat the market by pouring money into his vessels, but his isnt a smart idea in a perfect competition economic environment.
This isnt always good for the seafarer, because these strategies will lead to seafarers not being paid in a crisis, but from the owners perspective it has proved to be the most efficient way in the bulk economy.
It is not that you need to have Greek blood in you or something ridiculous to find success, but adapting the traits the success traits might come more naturally for some cultures than other.