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Since as early as the 18th century many generations of the founding family, based on the Ionian island of Cephalonia, had owned and operated sailing vessels which traded throughout the Adriatic, Mediterranean and Black Sea, and as far afield as Western Europe.

In those earlier times few owners maintained companies or offices ashore, but during the 1880's it became clear that a more formal management system would be required, and thus Neda Maritime Agency was formed, with the founding family purchasing its first steam ship in 1888, the s.s. "ELENI MILA". In 1892 an office was opened in Cardiff, and 3 years later an office in London. At that time, The Company was listed as operating the largest Greek fleet by tonnage. An original member of the Union of Greek Ship Owners, The Company also provided its first President by election for its first 8 years.

In 1896 the Company placed its first order in the UK for the construction of a steamship, the s.s. "FOTIS", thus starting a tradition of operating very modern vessels, usually newbuildings constructed to its own exacting specifications.
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