The Institute of Chartered Shipbrokers (ICS) Greek Branch has completed the selection process for the Navatrade S.A. Scholarships, established in memory of the company’s founder, George Sklavounos. Five young professionals have been selected to receive a partial scholarship each to attend the ICS Professional Maritime Programme for the academic year 2025–26.

The five scholars are Mr. Georgios Karaiskos, Mr. Stylianos Kotsonis, Mr. Antonis Manousos, Mr. Marios Ntelis, and Ms. Antigone Vasilaki, who have now officially commenced their studies in the ICS Professional Maritime Programme, leading to the ICS Membership, the internationally recognized maritime qualification. The scholarship is an important opportunity for the recipients to gain practical knowledge on commercia maritime topics, i.e. chartering, operations, S&P, shipping law, etc.

To mark the beginning of this important educational journey, a special gathering was held on Monday, 6 October, at the ICS Greek Branch premises in Piraeus. The event brought together the new scholars, Ms. Kelly Sklavounos of Navatrade S.A., Ms. Natalia Margioli, FICS, Managing Director of the HMC/ICS Greek Branch, and Ms. Stavroula Tape, FICS, Αcademic Director of the HMC/ICS Greek Branch, creating a warm and inspiring atmosphere. It was a valuable opportunity for the scholars to meet each other, engage with Navatrade, and celebrate their achievement.

With 44 years of presence in the dry bulk chartering sector, Navatrade S.A. remains committed to supporting the next generation of maritime professionals. These scholarships serve as a tribute to George Sklavounos, a charismatic businessman who was passionate about passing on his knowledge to the young generation.

The ICS Greek Branch expresses its sincere appreciation to Navatrade S.A. and to our Member, Kelly Sklavounos, for this meaningful initiative to support the ICS mission and warmly congratulates the five scholarship recipients. Such collaborations strengthen the ties between ICS and the maritime community, establishing the ICS as a reference point for professional maritime education and a key institution promoting professionalism in the shipping industry.

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Stefanos Papandreou & Theano Kalapotharakou co-publishers of ELNAVI  exclusively report from Limassol, Cyprus

 
The challenge of navigating global turbulences in shipping involves strategies and concepts related to supply chain robustness, operational flexibility, and risk management.

All above issues will be discussed from Monday 6 until Wednesday 8 of October in Maritime Cyprus 2025 conference in Limassol Cyprus.

In his welcome address by the Conference Chairman, Dr. Stelios D. Himonas, Conference Chairman, Permanent Secretary SHIPPING DEPUTY MINISTRY told that he is confident the outcome of the forum will be a testament to the importance of Cyprus Shipping Registry for the world maritime industry. As he said this year’s conference aims to unlock the future of shipping dealing with the challenges of digital transformation, geopolitical developments and energy transition.

H.E. Mr. Nikos Christodoulides, President of the Republic of Cyprus in his speech pointed out that shipping is one of the greatest drivers of Cyprus’ economy. He expressed his commitment to the continuous enhancement of the Cyprus’ Shipping Deputy Ministry services and a more autonomous E.U. where shipping can play an important role to ensure Europe’s economy competitiveness. The establishment of Cyprus as an attractive and competitive cruise destination is another major target that can attract investors and tourists from all around the globe.

In her address, Ms. Marina Hadjimanolis, Shipping Deputy Minister to the President of the Republic of Cyprus shipping focused on Cyprus’ 60 - year experience as a sovereign flag state, competitiveness and innovation of Cyprus maritime industry.

She also put emphasis to the talented and dedicated workforce and the professionalism of all the members of the Cyprus’ maritime sector.

H.E. Mr. Arsenio Dominguez, Secretary-General, International Maritime Organization in his speech prided Cyprus for the compliance of IMO instruments and as an active member in negotiations on the future of maritime safety and environmental agenda. He also said that we need to the way that we treat people and increase awareness of the mental health. We also have to continue to regulate the technological development and regarding decarbonisation of the maritime industry we need to maintain a strong sense of responsibility for a sustainable and effective future.

In his address, H.E. Mr. Apostolos Tzitzikostas, EU Commissioner for Sustainable Transport and Tourism remarked that Cyprus is a symbol of quality and trust and that the future of Europe is connected with Cyprus’ prosperity in shipping.

He added that we have to make European economy more competitive, resilient and sustainable closing the innovation gap with U.S. and China and aligning decarbonisation with IMO guidelines. The current legislation provides predictability boosting the development of alternative fuels and operational measures for the sustainability of the sector. In any case EU supports the net zero framework of the IMO ensuring that all solutions must be pragmatic efficient based on the common sense.

He finally referred to the need of strengthening European shipbuilding sector with the construction of clean ships and the upgrading of port facilities.

The president of the election committee announced the winner of the Cyprus Maritime Award 2025 and after careful consideration the committee decided to give two award to Dr. John Coustas chairman of Danaos Shipping who is one of the most loyal supporter of the Cyprus registry as Danaos has established offices in Cyprus and registered a great number of vessels in the registry and the second award went to MSC Shipmanagement a company that considerably increased its activities in Limassol with substantial contribution in the country’s economy. As Dr. Coustas said the company’s history in Cyprus goes to 1972 when Danaos registered its first ship in Famagustas’ ship Registry and recognised that today Cyprus is an example of a continuous excellence and a flexible partner that reduces the bureaucracy and adopting digital transformation.

A Ministerial Shipping Dialogue took place at the Cyprus Maritime conference that referred to the challenges of shipping regarding digital transformation, decarbonisation, collaboration, adoption of realistic strategies, re-skilling of seafarers, the need of collaboration and go forward with realistic strategies.
The next panel examined the ways of navigating disruption and to steer the Shipping Industry through Global Turbulences.
Moderator was Mr. Thomas A. Kazakos, Secretary General International Chamber of Shipping.

Panellists were Mr. Themis Papadopoulos Ex-Vice Chairman International Chamber of Shipping, Ms. Karin Orsel President ECSA, Ms. Ioanna Procopiou President Designate BIMCO, Mr. Joe Kramek President & CEO World Shipping Council.

The speakers referred to the adoption of a holistic approach in the net zero strategy taking into account operational measures and not only the development of green fuels. They added that while the International Maritime Organization (IMO) has provided a directional "Net-Zero Framework" (NZF), the clarity needed to unlock the trillion-plus investment gap remains highly fragmented. Regarding digitalisation is helpful to decarbonise our industry however we have to train and up-skill a great number of seafarers to ensure the smooth transition to a new sustainable future.

The Shipowners’ Insights on Industry Evolution were presented by prominent panellists: Mr. George Procopiou Chairman Dynacom Tankers Management Ltd, Mr. Thanasis Martinos Managing Director Eastern Mediterranean Maritime Limited, Mr. Andreas Hadjiyiannis CEO, Cyprus Sea Lines/Hellenic Tankers President, Cyprus Union of Shipowners, Dr. John Coustas President & CEO Danaos Corporation, Ms. Semiramis Paliou CEO Diana Shipping Inc. The discussion was moderated by Mr. George Mouskas President, Olympia Ocean Carriers Ltd, Vice President, Cyprus Union of Shipowners.

Mr. Prokopiou reminded that eight years ago had suggested that the most efficient measure to reduce air emissions was to adopt the minimum speed. He also remarked that the best way to go forward is to pause the ambitious plans for alternative fuels and concentrate on carbon capture systems.

Mr Hadjiyiannis admitted that through ETS there was a considerable improvement in the reduction of air emissions however the people must realise that the taxation on carbon fuels will not hurt shipping but the final consumer.

Mrs Paliou focused on the lack of clarity on how the money will be spent that will be collected by the taxation of carbon fuels.

Dr. John Coustas pointed out that the shipping policies are implemented without taking account the views and needs of the shipping industry. We are extremely concerned that the money will be invested in the development of clean fuels.

Mr. Martinos commented on the excessive cost of trading in the European waters and that remarkable increase will be charged to the final consumer.

All speakers agreed that it’s a difficult decision to order a ship and the promising alternative fuel is methanol as China has the ability to scale up the production of this particular fuel.

After all the energy transition will take much more time than it is expected and for sure 2050 is an unrealistic date for net zero framework.

 
2ND DAY

A deep dive into the P&I Market Latest Developments and Update about the Renewal Season 2026 was delivered by a very experienced and well-respected panel which was moderated by Mr. Filippo Fabbri, CEO Lockton P.L. Ferrari with panellists: Mr. Jonathan Andrews, CEO Steamship Mutual, Mr. Rolf Thore Roppestad CEO Gard AS, Mr. Paul Jennings Managing Director NorthStandard, Mr. Andrew Taylor CEO UK P&I Club
The next discussion panel elaborated on the topic: New Era of Shipowners…Unlocking the Future which moderated by Mr. Nicolas Bornozis Founder & CEO Capital Link, Inc. The following Panellists discussed the above topic: Mr. Filippos Efstathiou CEO Efnav Company referred to his company’s 60-year legacy in the dry bulk sector and he explained his company’s growth strategy. He explained that his company follows a conservative approach waiting for the final opportunities become clearer proving the commercial strength of our existing fleet. Mr. Efstathiou also commented that for smaller fleets specialisation maximises strength in the contrary for very large fleet diversification is a necessary strategy to ensure the efficiency of the fleet., Mr. John A. Xylas President & CEO Ariston Navigation Corp. stated that forthcoming IMO MEPC will set a net zero framework which is better than a failure to agree which will mean that regional bodies like the EU may implement their own rules risking IMO’s authority and climate goals. Regarding his company’s renewal strategy, he said that with so much uncertainty in the dual fuel ships his company has adopted a strategy of upgrading the existing fleet., Capt. Stephanos E. Angelakos CEO Angelakos (Hellas) S.A referred to the profile of his company’s fleet which is consisted by a mixed fleet of bulk carriers and tankers and pointed out that 90% of the company’s fleet is registered in the Cyprus Registry. Today the company aims to create a high standard fleet upgrading the efficiency of the managed ships and reducing further the air emissions and the age profile. Mr. Hajioannou CEO, Chairman & Director, Safe Bulkers Vice President told that we are supporting what is IMO doing but we don’t support unilateral regulation and regional rules. Finally, all speakers congratulated the Cyprus’ maritime administration for its efficient operations, 24/7 registration and support services, strong reputation and high standards.
The last panel of the day presented the Charterers’ Outlook examining the challenges of Navigating Markets, Risks, and Opportunities.

The panel was moderated by Mr. Polys V. Hajioannou CEO, Chairman & Director, Safe Bulkers Vice President, Cyprus Union of Shipowners with panellists: Mr. Joe Windscheffel Director, Global Panamax Trading Manager Cargill Ocean Transportation, Mr. Benjamin Patchell Global Head of Panamax Trading Mercuria Energy Trading SA, Mr. Mark Thompson Senior Freight Trader Olam Agri. The speakers’ concerns were centred on the financial and operational burdens from shifting regulations and geopolitical conflicts.
For the EU ETS, the primary worry is the significant increase in operational costs due to purchasing emission allowances, which are largely passed on from owners to charterers. This requires complex contractual adjustments and data exchange.

Regarding the IMO Net Zero Framework, concerns include the regulatory uncertainty from a lack of global alignment (especially with US opposition), which could create a patchwork of regional rules and disrupt investment in green fuels. They also worry about the practicality and cost of new, unproven technologies.
Finally, proposed US Tariffs on Chinese-built ships present a major concern over immediate and potentially millions-of-dollars per port call cost absorption, as new clauses are making charterers responsible. This also threatens to create a two-tiered charter market and disrupt US trade routes.

John Xylas referred to DryBMS an optional rating system which is used to calculate a total score to measure their progress towards operational efficiency and HSQE excellence.

DryBMS was developed by INTERCARGO and RightShip, with input from experts and stakeholders across the sector, as an industry tool to raise standards and best practices across safety, security, environmental performance, and social welfare in the dry shipping sector. INTERCARGO and RightShip have worked closely to establish the DBCE to further evolve and disseminate the DryBMS framework.

Aristides Pittas Eurobulk’s Chairman in his own intervention remarked that environmental regulations pose considerable operational costs to shipowners and charterers and called charterers to get involved more actively in environmental projects aiming to improve the ships’ efficiency.

 
3RD Day

The 3rd day of the conference opened by H.E. Mr. Costas Kadis, European Commissioner for Fisheries and Oceans who addressed the audience.

Following the commissioner’s message, a panel of speakers answered the question: Is the Shipping Industry Ready for Climate Resilience?

The debate was Moderated by Dr. Phillip Belcher Marine Director INTERTANKO

Panellists: Mr. Gavin Allwright Secretary General IWSA, Ms Manuela Tomassini Head of Sustainability and Technical Assistance EMSA, Mr. Jan Othman Vice President, Project Services, Marine Wärtsilä.

The speakers told that the shipping industry is in a critical transitional phase, demonstrating mixed readiness for comprehensive climate resilience. While there is strong, internationally mandated movement toward emissions mitigation (decarbonization), the development and implementation of climate change adaptation measures are generally less mature, though recognized as crucial.

The next topic: Safeguarding Shipowners in a Rapidly Changing Environment was discussed by the following panellists: Mr. Mark O’ Neil President & CEO Columbia Group, Mr. Sebastian von Hardenberg CEO Bernhard Schulte Shipmanagement (BSM), Mr. Dieter Rohdenburg CEO InterMaritime Shipmanagement Ltd, Mr. Jan Meyering Joint Managing Director Marlow Navigation Co. Ltd. The debate was moderated by Mr. Sean Moloney CEO Elaborate Communications. Safeguarding shipowners requires immediate action on dual fronts. Financial risks from stringent emission regulations (IMO 2050 targets, EU ETS) demand investment in green fuels and technology. Concurrently, climate adaptation strategies—protecting the ships and optimizing routes against extreme weather—are crucial for maintaining operational resilience and insuring against physical climate risks.

Moderated by Ms. Despina Panayiotou Theodosiou Co-CEO Tototheo Global a panel of prominent speakers presented the Technology’s Impact on Shipping and Seafarers.

Panellists were Mr. Stephen Cotton General Secretary International Transport Workers' Federation (ITF), Ms. Fotini Ioannidou Director, Waterborne Transport European Commission, Ms. Elpi Petraki President WISTA International, Mr. Prabhat Jha Group Managing Director & CEO MSC Shipmanagement Ltd. The speakers elaborated on the issues of connectivity, automation, digitalisation and agreed that the new technology shouldn’t be faced as a threat but as an opportunity to increase efficiency, well-being, performance and safety at sea. They also discussed how the technology could be beneficial for seafarers in their daily life improving the quality of their work and communication with their families. Director of EC remarked that the human approach should be paramount and in view of this matter EU will introduce the single window that aims at less fatigue, time saving and attracting young generation.
The EU Single Window (officially the European Maritime Single Window environment - EMSWe) is an EU regulation that establishes a common, interoperable digital system for shipping information reporting to Member State authorities.

Mr. Konstantinos Petropoulos General Manager, Head of Shipping and Structured Finance Piraeus Bank described the latest developments, Trends, Risks, and Opportunities Ahead in ship finance which can be summarised in the following points:

-Access to finance remains strong for well positioned shipowners,

-Diversified financing sources alongside to the traditional bans,

-Regulatory tightening has driven many European banks out of shipping, -Greek banks have filled the gap with competitive terms and pricing,

-Appetite for further credit expansion remains robust,

-Challenging market conditions necessitate a cautious lending approach.

Aiming at the understanding of market dynamics in the shipfinancing landscape the last panel of speakers discussed the importance of funding Strategies for the Next Era of Shipping.

Moderator was Mr. Alexandros Damianidis Partner, Assets & Structured Finance Group Watson Farley & Williams.
The following distinguished panellists shared their own experiences and views: Mr. Aristides Pittas Chairman & CEO Euroseas Ltd and Eurodry Ltd, Mr. Atef Abou Merhi Managing Director Pelagic Partners, Ms. Christina Margelou General Manager, Head of Shipping Eurobank S.A., Dr. Loukas N. Barmparis President Safe Bulkers, Inc.
The speakers agreed that financing is available for well established companies however banks are over regulated allocating their capital more wisely. The speakers elaborated on ESG criteria for financing new investments and KPIs towards the environmental targets of IMO and E.U. At the moment these requirements are flexible and examined by case.

All speakers agreed that shipping should follow other industries in applying solutions of decarbonisation because of its nature of business as performs in a harsh sea condition and a volatile environment.

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Within the framework of the International Conference "Maritime Cyprus 2025" The electoral General Assembly of the Cyprus Shipowners' Association was held in α friendly atmosphere in Limassol.

During the General Assembly for the appointment of the new Board of Directors, the baton of President from Mr. Andreas Hadjiyiannis, was taken by Mr. Polys V. Hajioannou.

The Deputy Minister of Shipping, Mrs. Hadjimanolis, also attended the Electoral Assembly, who congratulated the elected officials and assured them once again that the government of Nikos Christodoulidis is on the side of the industry, taking seriously into account the suggestions and problems of the shipping community.

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With the initiative of Aries Shipping recently a high-level event was organised at its headquarters in Glyfada celebrating the deepening trade and shipping ties between Greece and Vietnam. The event, hosted by Capt. Gabriel Petridis, Managing Director of Aries Shipping, which has a strategic partnership with the Vietnam Maritime Corporation (VIMC), welcomed a distinguished Vietnamese delegation led by the Deputy President of the Vietnamese Parliament.

Capt. Petridis highlighted the unparalleled competitive advantage of Greek shipowners that control the world's largest commercial and tramp fleet. He emphasized that as China expands its reach across transport and logistics, Vietnam is uniquely positioned to compete by leveraging its rich resources and capable human workforce.

The core of the discussion centered on a bold proposal: Greece can share its vast shipping expertise to help Vietnam develop a sustainable and efficient national fleet. This initiative would allow Vietnam to become a more active participant in global sea commerce, ultimately securing its own energy and food sufficiency. An added benefit would be the creation of thousands of jobs and a boost to the country’s shipbuilding industry, as new vessels would be constructed in Vietnamese shipyards.

To realize this ambitious project, Capt. Petridis stressed the critical need to persuade Vietnamese banks to provide the necessary capital. He argued that this strategy of achieving energy autonomy and upgrading the nation's shipbuilding capacity would significantly improve Vietnam's geopolitical standing and security level.

The Deputy President of the Vietnamese Parliament expressed his enthusiasm for the proposal, affirming his complete understanding of the need to mobilize all resources for the project. He committed to communicating the need for a more sophisticated maritime economy to the head of the Vietnamese government. The event concluded with a mutual agreement to define the next steps for a more active cooperation, ensuring mutual benefit for both nations.

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The 2025 WISTA AGM and Conference will be the biggest WISTA International event to date, bringing together over 400 maritime professionals from around the world.

This year’s organisers – WISTA Spain - report a sold-out event with just over two weeks to go until doors open at the World Trade Center in the vibrant Spanish port city of Barcelona. Taking place from 22 - 24 October and under the theme Powering the Future of Shipping and Trade: Global Energy in Challenging Times, proceedings will focus on some key issues and challenges facing global logistics, including decarbonization, electrification, and emerging technologies.

Elpi Petraki, President of WISTA International, said: “The scale of this year’s WISTA conference is a powerful signal of our continuing momentum in creating a more sustainable and inclusive maritime future. The event will not only address pressing industry challenges, but it will provide an opportunity for attendees to collaborate, share ideas and offer meaningful input, to underline the growing role of women in shaping the shipping, trading and logistics sectors.”

Conference attendees will hear from a stellar line-up of industry experts, with highlights including a ‘fireside chat’ with Arsenio Domínguez, Secretary General of the International Maritime Organization and Dorothea Ioannou, CEO of the American P&I Club.  Attractions also include a high-impact roundtable on Decarbonisation: Impacts on Shipping, Cruise, and Energy Industries, and a timely discussion on Shore Power and Port Electrification - chaired by Isabelle Ryckbost, Secretary General of the European Sea Ports Organisation.
Meanwhile, Marta Prado Larburu, CEO of INCOTRANS and DS4T will lead a discussion on global trade, before Ann Fenech, Partner and Head of the Marine Litigation Department, Fenech & Fenech Advocates, examines the importance to international trade of the Convention of International Effects of the Judicial Sale of Ships. 
Rosana Velasco, President of WISTA Spain, said: “It is a great honour for WISTA Spain to host this prestigious international event. We look forward to welcoming members of the global maritime community, as well as representatives from the Spanish government and maritime authorities to Barcelona in November. The WISTA International Conference is a unique opportunity to develop as professionals, exchange knowledge and create networks that can help careers flourish, change minds and strengthen the maritime industry.”

Download the full agenda here: https://wistabarcelona2025.com/detailed-program/

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On September 30, 2025, following the conclusion of the 11th ShipIT Conference held at the Wyndham Grand Athens, Ammitec, the Association of IT Managers in Shipping, successfully conducted its General Assembly and elections for the new Board of Directors.

The Assembly was conducted in a hybrid format, allowing both physical and remote participation. AMMITEC members cast their votes securely through the ZEUS electronic voting platform, demonstrating once again their strong engagement and commitment to the association’s mission.

The newly elected Board of Directors is as follows:

Mr. Matthew Maheras – President, CIO, Metrostar Management Corp.

Mrs. Anna Vazintari – Vice President, CTO / CISO, Eurobulk Ltd.

Mr. Michalis Michaloliakos – Treasurer, Head of ICT & Cyber Security, TMS

Mrs. Theofano Somaripa – Secretary, CIO, Newport S.A.

Mr. Themistoklis Sardis – Member, Head of IT, Costamare

Mr. Konstantinos Sakellakos – Member, IT Manager, Navarone S.A.

Mr. Ioannis Rizos – Member, Head of ICT Infrastructure, Dynagas Ltd.

Mr. Michalis Kantartzoglou – Alternate Member, CIO, Eletson

Mr. Stavros Mystegniotis – Alternate Member, ICT Coordinator, Liquimar Tankers Management

In recognition of their longstanding contribution and many years of dedicated service on the Board of Directors, AMMITEC honored with commemorative plaques:

Mrs. Katerina Raptaki, IT Manager, Navios Group

Mr. Stelios Sabanis, Head of ICT, GasLog Ltd.

Mr. Dimitris Makris, IT Manager, Andriaki Shipping Co.

Mr. Tasos Makris, Adjunct Lecturer, Hellenic American College (HAC)

Ammitec remains committed to digital transformation, cybersecurity, and promoting modern technologies in shipping. The association looks forward to continuing its role as the trusted voice of maritime ICT professionals, fostering innovation and collaboration across the industry.

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UMAR Shipping Services Ltd, part of the UW Group, is proud to announce that it has been awarded with the Corporate Social Responsibility (CSR) Best Practices Award (Medium Enterprises category) at the 4th CSR Best Practices Awards, organized by CSR Cyprus. This distinction honors the company’s flagship initiative, UW Galaxy, developed through the Life Jacket Foundation. The event took place during the 17th Corporate Sustainability & Responsibility Conference, on September 25^th, 2025, at Zena Palace in Nicosia.

About UW Galaxy

UW Galaxy was created to reduce single-use plastic bags while raising funds to support children in need. The campaign introduced reusable, foldable shopping bags, available in four unique marine-inspired designs — turtle, octopus, whale, and seahorse.

Each bag carried the message: “The expression of our love for the sea and its creatures. A medium to help children in need and nurture the next generation of seafarers.”

The bags were sold for just €3, with 100% of proceeds dedicated to supporting children with financial, medical, and educational needs. Through UW Galaxy, all the funds raised were donated directly to schools and child welfare organizations.

A Collective Effort

The initiative was embraced wholeheartedly by UW Group’s people, partners, and the wider community. Beyond fundraising, UW Galaxy raised awareness about the importance of protecting marine ecosystems and fostering a culture of sustainability linked to the maritime industry.

Recognition
Accepting the award on behalf of the company, UW Group COO, Vangelis Tsangarides stated:
“UMAR Shipping Services, as a key pillar of UW Group, proves that true success is not measured only in financial terms, but also in society impact. Through the Life Jacket Foundation we support children and childcare organizations in Cyprus. With the UW Galaxy campaign we cultivate ecological awareness and contribute to reducing the use of plastic bags. Every bag purchased, every child who smiles, is proof that when we join forces, we can shape a better tomorrow”.

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A night of celebration and appreciation unfolded under the starlit sky. T&T Salvage orchestrated a memorable cocktail reception at the Barbarossa World Restaurant in the enchanting Athens Riviera, warmly welcoming 250 guests. 

In the realm of Greek Shipping, a formidable global presence, T&T Salvage have steadfastly supported this industry for numerous years. Shipowners, Underwriters, Insurance Brokers, Average Adjusters, legal professionals, and Greek salvage counterparts converged for a delightful networking soirée. 

Special mention during the night to the Hellas team, Ms. Anna Shipilli who celebrated her birthday amongst friends and associates and to Mr. Elias Psyllos, the first Greek American President (elect) of the American Salvage Association, taking the helm on 2 December 2025. 

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The recent Capital Link forum in Athens addressed crucial challenges in the maritime sector, spotlighting the push for net-zero emissions. Discussions emphasized the transformative role of Artificial Intelligence and digitalization in enhancing shipping sustainability and efficiency. Key takeaways stressed that achieving decarbonization requires immediate operational improvements alongside the adoption of future fuels and new technologies.

Welcome remarks made by Mr. Nicolas Bornozis, President – Capital Link, Inc. Ms. Olga Stavropoulou, Director General – HELMEPA.

OPENING KEYNOTE REMARKS presented by Mr. Christopher J. Wiernicki Chairman and CEO ABS.

CELEBRATING STRONG U.S.-GREECE MARITIME TIES FROM THE UNITED STATES

Mr. Joshua Huck Chargé d’ Affaires U.S. Embassy in Athens, Greece in his address focused on the Revitalisation of US maritime sector with the partnership of Greece a leading maritime nation. Mr. Vasilis Kikilias expressed his pride in representing Greek shipping a dominant trade power in the world and E.U. controlling 20% of tonnage worldwide and 61% of EU fleet.

A debate on net zero- Navigating between the ambition and reality was moderated by Mr. Christopher J. Wiernicki, Chairman and CEO – ABS with Panelists Mr. Roel Hoenders, Head of Climate Action and Clean Air, Marine Environment Division – IMO, Mr. Philippos Philis, Chairman & Chief Executive Officer – Lemissoler Navigation Co. Ltd; President – ECSA European Shipowners (2022-2024), Ms. Ioanna Procopiou, Managing Director – Prominence Maritime; President Designate – BIMCO; Member of the Board – Union of Greek Shipowners, Ms. Charis Plakantonaki, Chief Strategy Officer – Star Bulk Carriers Corp. (NASDAQ: SBLK) . Long term planning is needed in shipping and for the time being there is no infrastructure for alternative fuels even LNG cannot be bunkered worldwide said Mrs Prokopiou. Investments in the green require a great amount of capital therefore generous incentives are needed to be provided to move forward, remarked Mrs Plakantonaki. The levy proposal is a more affordable solution by the shipping industry, pointed out Mr. Phillis.

The next panel discussed the issue of artificial intelligence & maritime transformation and Moderated by Mr. Spyridon Zolotas, Vice President, South Europe, Marine – RINA Panelists: • Mr. Gary Lloyd, Chief of Architecture and Strategy – 90 Percent of Everything (90POE) • Mr. Alex Hadjipateras, COO – Dorian LPG Ltd. (NYSE: LPG) • Ms. Eleni Polychronopoulou, President – ERMA TECH GROUP; BoD Member – HELMEPA • Mr. Tim Ponath, CEO – NSB Group • Mr. Theo G. Baltatzis, General Manager – Technomar Shipping.

Dorian has embraced AI in the maintenance and daily operations of its fleet and looking to the future AI will be installed in new building, said Mr. Hadjipateras.

Technomar is putting emphasis on the Performance data analysis and regulatory compliance, remarked Mr. Baltatzis.

Mrs Polychropoulou referred to the role of AI in monitoring air emissions and data collection and pointed out that AI is an essential tool in all spectrum of the company’s operations optimising the performance and efficiency of all tasks. Mr. Ponath focused on the decarbonisation process and other aspects like crew training looking this tool as an opportunity to develop. Digitalisation moves very fast therefore you need partnerships to develop integrated systems covering the needs of your clients emphasised Mrs Polychronopoulou.

AI tools are also necessary in improving safety, transparency avoiding legal implications added Mr. Hadjipateras.

The theme of the 3rd panel was: CHARTING A COURSE FOR OPERATIONAL EXCELLENCE BALANCING SAFETY, SUSTAINABILITY, AND EFFICIENCY.

It was moderated by Mr. Leonidas Karystios, Regional Business Development Manager – DNV Maritime with Panelists: • Mr. Stylianos Psillakis, Technical Director – Columbia Shipmanagement Greece • Mr. Dimitris Vastarouchas, Chief Operating Officer & Vice President – Danaos Corporation (NYSE: DAC) • Mr. Evangelos Sfakiotakis, Chief Operating Officer – Diana Shipping Services S.A. • Mr. Dimitris Patrikios, Managing Director – V.Ships Greece.

The speakers elaborated on the issues of decarbonisation and sustainability and the need to sustain a constructive dialogue and channels of collaboration to share data and knowledge.

FROM DATA TO DECISIONS: THE ROLE OF INTELLIGENT SOFTWARE IN MARITIME OPERATIONS Presented By: Ms. Staci Satterwhite, Chief Executive Officer – ABS Wavesight

A KEYNOTE ROUNDTABLE DISCUSSION Moderated: Mr. Christopher J. Wiernicki, Chairman and CEO – ABS. The following Panelists discussed the issues of decarbonisation and sustainability: Mr. Paolo d' Amico, Chairman – INTERTANKO (2018-2024); Chairman – d' Amico International Shipping S.A. (BIT:DIS; OTCQX: DMCOF) • Mr. Dimitrios Fafalios, Chairman – INTERCARGO (2019-2024); President / Director – Fafalios Shipping S.A.; Secretary of the Board of Directors – Union of Greek Shipowners • Ms. Karrie Trauth, Executive Vice President Shipping and Maritime – Shell plc; Vice President – UK Chamber of Shipping. Mr. Fafalios underlined that we must decarbonise our industry with respect to the basic values and principles of the shipping practices. He also pointed out that shipping is highly efficient mean of transportation and he expressed his belief that will be absolutely ready to meet 2050 targets.

Mr. D’ amico told that the regulators must regulate the technology which is advancing and not that one that does not exist. He also explained the crucial role of the maritime training in creating a more sustainable environment. Mr. Fafalios also pointed out that if nuclear power is used onboard then we need to train steam engineers an old fashioned shipping profession.

THE “2025 CAPITAL LINK MARITIME SUSTAINABILITY AWARD” was Presented to both Mr. Paolo d'Amico, Chairman – INTERTANKO (2018-2024); Chairman – d'Amico International Shipping S.A. (BIT:DIS; OTCQX: DMCOF) • Mr. Dimitrios Fafalios, Chairman – INTERCARGO (2019-2024); President / Director – Fafalios Shipping S.A.; Secretary of the Board of Directors – Union of Greek Shipowners. Mr D’ amico was Introduced by Dr. Nikolas P. Tsakos, Founder & CEO – TEN Ltd. (NYSE: TEN); Chairman – INTERTANKO (2014-2018). He said that he was the most successful president of Intertanko following at the same time the traditional and well established values of the shipping industry. The award for Mr. Fafalios was introduced by Mr. John Xylas, Chairman – INTERCARGO; President and CEO – Ariston Navigation Corp.; Member of the Board – Union of Greek Shipowners. He said that Mr. Fafalios continues a long family tradition in shipping from Vrontados in Chios. He has studied naval architect and served as Intertanko’s president from 2020-2024 putting emphasis in the safety matters and decarbonisation process of the shipping industry. Mr. Fafalios accepting the award underlined that safety and sustainability must go hand in hand.

A very interesting panel discussion was conducted by Ms. Elina Papageorgiou, Global Strategic Growth Director & Vice President, Greece & Cyprus – Lloyd's Register with panelists: • Dr. George D. Pateras, Deputy Chairman – Contships Management Inc; Former President – Hellenic Chamber of Shipping (2016-2025) • Mr. Marcos C. Vassilikos, Managing Director – Eurobulk • Mr. Georgios Plevrakis, Senior Advisor – Head of Business Development Strategy and Market Development Europe – Hanwha Ocean • Dr. Loukas Barmparis, President – Safe Bulkers, Inc. (NYSE: SB) • Mr. George Saroglou, President & Chief Operating Officer – TEN Ltd. (NYSE: TEN).

The speakers discussed almost all challenges of shipping like energy security, geopolitic developments, regulations, decarbonisation, crew training on alternative fuels and new technologies including fleet renewal strategies.

A presentation under the title SHAPING THE FUTURE: NEXT-GEN SHIPS AND POWER OF MARITIME INNOVATION DRIVEN BY DIGITAL TRANSFORMATION was delivered by Dr. Toshiro Arima, Executive Director, Executive Vice President – ClassNK.

Last but not least the following panel discussion took place that attracted the audience’s interest to the end of the afternoon:

- SECURING THE MARITIME WORKFORCE OF TODAY & TOMORROW: STRATEGIES FOR RECRUITMENT, RETENTION, TRAINING & WELLBEING

Moderator: Mr. Michalis Pantazopoulos, Senior Vice-President – Liberian Registry (LISCR Hellas) Panelists: • Capt. Panagiotis Drosos, Managing Director – Capital Ship Management Corp. • Ms. Amalia Marcou, Crewing Director – Enesel • Ms. Metaxia Psalti, COO – Neda Maritime Agency Co. Ltd.; Vice Chair – INTERCARGO • Mr. Marinos Kokkinis, Managing Director – OneCare Group.

-FROM CADET TO CAPTAIN – REAL WORLD EXPERIENCE THE SEAFARERS’ PERSPECTIVE

Moderator: Mr. Andreas Zarnavelis, Designated Person Ashore & HSQ-Manager – Tsakos Group Panelists: • Capt. Konstantinos Dimanis, Captain – Tsakos Group • Capt. Konstantina Giannaraki, Captain – Tsakos Group • Mr. Nikolaos Markou, Chief Engineer – Tsakos Group • Mr. Michail Petrou, Deck Cadet – Senior Student – Tsakos Group • Ms. Fani Chatzidiamanti, Engine Cadet – First Year Student – TEENS Merchant Marine Academy • Mr. Georgios-Ioannis Pantechakis, ETO Cadet – First Year Student – TEENS Merchant Marine Academy.

-PUTTING IT ALL TOGETHER - SHIPOWNERS’ ROUNDTABLE COMPETITIVENESS & OPERATIONAL EXCELLENCE

Moderator: Ms. Paillette Palaiologou, Senior Vice President M&O East Europe, Mediterranean Sea, Middle East, Africa & India (EMA) – Bureau Veritas Panelists: • Mr. Antonis Kanellakis, Executive Director – Alpha Bulkers, Pantheon Tankers, & Alpha Gas; Member of the Board – Union of Greek Shipowners • Ms. Semiramis Paliou, Chief Executive Officer – Diana Shipping Inc. (NYSE: DSX); Chairperson – HELMEPA & INTERMEPA; Member of the Board – Union of Greek Shipowners • Mr. Paolo Enoizi, Chairman & Chief Executive Officer – GasLog • Mr. Thomas Lister, Chief Executive Officer – Global Ship Lease, Inc. (NYSE: GSL).

ELNAVI Newsletter  
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The Maritime Cyprus 2025 conference which will be taking place from 06 to 08 October in Limassol, will explore a wide range of key issues affecting the maritime sector. Topics will include regulatory developments, energy transition, digital transformation, financing strategies, marine insurance, crew welfare.

At the Press Conference held on 30^th September, the Deputy Minister of Shipping, Ms. Marina Hadjimanolis said: “As a Government, we are particularly proud of this conference, an institution with a history of 36 years, which has now established itself among the world's leading shipping conferences.
This year's conference, with the central theme "Unlocking the Future... of Shipping', will take place at a time of both challenges and opportunities for shipping, and we aspire during the conference to 'unlock the future of shipping'.

Our efforts at the Deputy Ministry of Shipping, from the first day of my assumption of duties, are focused on ensuring a competitive Registry and shipping complex, based on the modern era and values such as immediacy, quality and modernization, thus laying solid foundations for an auspicious future of Cypriot shipping”.

ELNAVI Newsletter  
More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
Tel.: +30 210 45.22.100, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.