You Are Here > MGI Corporation         MGI Corporation was founded by shipping entrepreneur Mr. Michael Ioannides in 1998 with its headquarters in Nicosia, Cyprus in order to impart and implement his vision to establish a Cyprus Shipping Entity to serve Cyprus and the International Shipping industry. Since 1998, MGI Corporation and its affiliated company Admibros Shipmanagement Co. Ltd have been part of the lifeblood of the Cyprus economy. MGI Corporation was founded by Mr. Michael Ioannides. Cyprus, at the crossroads of the European, Asian and African continents, continuously provides commercial opportunities, just like a few thousand years ago where this gateway was used for transportation of goods between neighboring countries. Today, Admibros continues this proud tradition by expanding its business activities from the East Mediterranean & Black Sea to the rest of the world. Every year, its fleet of ocean-going vessels performs about a hundred voyages and transports more than a million tonnes of cargo. Our philosophy for clients pivots around their particular needs. Recognizing the intense environment where shipping activities are conducted, we work together with our clients to satisfy their needs and keep them informed at all times. In general. Mr. Michael Ioannides' philosophy of "Quality starts with quality thinking" has under-girded his multi faceted mission to restore Cyprus as a major maritime industry centre in Europe. Since its formation the Corporation has experienced significant growth. The opening of a new office in Piraeus, Greece marked a very important milestone in the further strategic advancement of the Group.