SHIPPING: Y.K. Who?

Everyone knows who are the world's biggest, cleverest and richest shipowners. They are the Golden Greeks, led by those indefatigable headliners, Ari Onassis and Stavros Niarchos—right? Maybe, but someone is right in the same league. A scarcely known shipowner from Hong Kong named Y.K. Pao may soon become the largest of them all.

Beginning in 1955 with an aging tramp steamer, Pao has built a fleet of 3.5 million tons, most of it in ultramodern supertankers and bulk carriers. By comparison, Niarchos controls 3.4 million tons and Onassis 4.3 million. Pao's navy...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!