LALIZAS continues its global expansion across the Americas. After entering North America with the acquisition of LALIZAS/ALEXANDER in 2018, REVERE SURVIVAL in 2024 and the launch of LALIZAS Canada in 2025, the company now sets sail for South America, proudly announcing the acquisition of ATIVA NÁUTICA, Brazil’s leading lifejacket manufacturer.

This milestone marks a significant step in the manufacturer’s global growth, while also celebrating a remarkable company that has shaped the safety nautical sector in Brazil for over two decades.

Founded in 1998 by Marta Lara and Roberto Sampaio in Campinas, São Paulo, Ativa began as a small venture in a 250 m2 space with just three employees. Through their commitment and dedication, alongside with their niece and partner Julia Ramalho, Ativa became Brazil’s leading name in lifesaving equipment. Today, the team has grown to 200 members, and Julia will continue her journey with LALIZAS to uphold Ativa’s culture and values.

LALIZAS holds even greater respect for small businesses that have grown into successful organisations, as it also began with manufacturing in a small house in Piraeus, Greece, with just three employees.

Marta and Roberto seized the opportunity to become part of something greater. Partnering with LALIZAS meant not only aligning with shared values and principles but also joining forces with a group known for elevating businesses while honouring their legacy. Ativa chose LALIZAS, confident in its reputation for transforming companies into stronger, more profitable organisations without compromising their unique identity.

“Ativa is like my third child,” said Marta Lara. “Seeing Ativa as part of a global group with such a prestigious history makes us very proud and honoured. Knowing that LALIZAS will care for it, grow it, and respect its legacy gives me peace of mind.”

The safety equipment manufacturer has a strong record of accomplishment in this area, beginning with the acquisition of Italian companies in 2012 (Lofrans’, MAX POWER, Nuova Rade, and OCEAN Fenders), as well as ARIMAR in 2019, all of which are leaders in the nautical market, each with its own distinct character.

“This acquisition is a testament to LALIZAS’ global strength—not just as a manufacturer of safety equipment, but as a trusted industry leader known for empowering companies, transforming them into even more successful and profitable businesses, while always respecting their roots and people,” Stavros Lalizas, Founder & CEO of LALIZAS commented.

LALIZAS is thrilled to welcome Ativa to #thelalizasforce and is dedicated to advancing the nautical industry in Brazil through its extensive expertise and high-quality nautical equipment. “This move strengthens our position in the Americas and unlocks new opportunities in a thriving market. Together, we are setting new standards in safety — across continents,” he concluded.

About LALIZAS

LALIZAS is a family-owned company, whose vision is to produce high quality products that ensure safety at sea, and distribute them in international markets through its well‐ established distribution network. It was founded in Piraeus, Greece, in 1982. Its product range includes lifejackets (foam-filled and inflatable) ISO and SOLAS meeting all regulations under any flag, life rafts, MOB devices and navigation lights, immersion suits, safety harnesses, IMO signs and many other marine products. All items are being manufactured and distributed at competitive prices to maritime companies, ship suppliers, chandleries, marine stores, shipyards and boat builders around the world, always taking into consideration the market’s feedback. Τhe genuine care for their customers and the indispensable input of their employees, who are considered as #thelalizasforce, has resulted in the company's growth and will continue to contribute positively to the continuous development of LALIZAS. For LALIZAS ‘Safety is not just a product, it is an ongoing process!’

About ATIVA NÁUTICA

Ativa Náutica is Brazil’s largest manufacturer of lifejackets and buoyancy aids, offering safe and reliable rescue equipment for work, leisure, and sports since 1998. Their products are tested and certified by the Brazilian Navy, and the company has maintained ISO 9001 certification since 2007. As the only company in Brazil to produce SOLAS-approved life jackets, Ativa is dedicated to developing high-quality aquatic safety equipment that ensures protection in any situation. The company's vision is to save lives by crafting durable, comfortable products accessible to all. Ativa emphasizes exceptional customer service and values its employees as integral to its success. Additionally, business partners and small retailers nationwide are crucial to Ativa’s mission, expanding its reach and impact. Values: Respect, Quality, and Courage. Ativa Náutica: "Saving lives since 1998".

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At a conference organized by PPA S.A., a study along with the initiatives taken by the Port Authority for the adaptation of the port to climate change were presented on 22nd May 2025. The tangible and immediate response of the Port of Piraeus to the major challenge of Climate Change was presented at a conference titled “The Port of Piraeus and Climate Change,” held yesterday at the PPA’s Stone Warehouse.

In the presence of representatives from the Government, Local Authorities, major stakeholders of the maritime sector and the scientific community, the Management of PPA S.A. presented the first comprehensive study of its kind in Greece, aiming at the resilience and sustainability of port infrastructure, as well as the actions that make the Port of Piraeus a pioneer in climate awareness and preparedness. The study was developed in cooperation with a consulting - research company and a specialized team from the Academy of Athens.

The Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, in his remarks said: “I know the consequences of the climate crisis – I experienced them in the harshest way in our country over the past few years. The entire Mediterranean basin is also experiencing these consequences, and unfortunately, this phenomenon is expanding — both across more sectors and more countries — causing significant problems. First and foremost, in the safety of citizens; secondly, in their infrastructure and property; and thirdly, in critical infrastructure such as our ports. I want to say that, in our view, the impossible must become possible: we must create a stronger framework for both protection and forecasting, based on these steps, so that we can rise to the occasion in the face of climate change”.

Additionally, the Deputy Minister for Climate Crisis and Civil Protection, Kostas Katsafados, stated that: “For the first time in Greece, one of Europe’s most important ports -the Port of Piraeus- is undertaking a holistic and scientifically substantiated assessment of the impacts of climate change and that the State supports efforts towards this direction”.

The Mayor of Piraeus, Yiannis Moralis, the Mayor of Perama, Giannis Lagoudakos, the Deputy Mayor of Piraeus, Dimitris Karydis, the Deputy Regional Governor of Piraeus, Stavroula Antonakou and Alexandros Koulidis, an official from the Ministry of Environment also delivered their greetings.

The actions that were necessary in order for the Port of Piraeus to adapt to Climate Change were presented by the Deputy CEO of PPA S.A., Panagiotis Tsonis. As he noted, “ports are called upon and are obligated to play a leading role in addressing climate action.”

The renowned Physicist, Secretary General of the Academy of Athens, and National Ambassador for Climate Change, Professor Christos Zerefos, spoke on the challenge of Climate Change. He emphasized that “the climate crisis is unfolding at a pace faster than previously estimated, and an increase in extreme weather phenomena is expected “.

The CEO of PPA S.A., Su Xudong welcomed all the attendees and commented that “today’s event highlights the importance of collaboration for the effective promotion of the sustainable development”.

As part of the conference, the Special Study on Shielding and Adapting to Climate Change for the Port of Piraeus was presented, with its main objective being the analysis of the port’s vulnerability based on current climate models. Related presentations were delivered by Ms. Chrysanthi Kontogiorgi, Deputy Head of the PPA’s Property and Environmental Services Department; Mr. Ioannis Kapsomenakis, Researcher at the Academy of Athens’ Center for Atmospheric Physics and Climatology Research; Ms. Eleni Gouvatsou, Civil and Environmental Engineer at the Environmental Consulting Company ADENS S.A.; and Ms. Stella Kaimaki, also a Civil and Environmental Engineer at ADENS S.A.

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The Panama Maritime Authority (PMA) has strengthened its collaborative ties with the International Transport Workers’ Federation (ITF) during a recent visit by ITF delegates to the General Directorate of Seafarers (DGGM). The meeting focused on reinforcing the protection and well-being of seafarers sailing under the Panamanian flag.

A central highlight of the meeting was the DGGM’s significant achievement in recovering USD $8.5 million in outstanding wages for seafarers by the end of 2024. This figure marks a 52.70% increase compared to the previous year’s recovery of USD $5,593,941.82—underscoring Panama’s commitment as a responsible maritime administration to ensuring decent work and compliance with international labor standards.

PMA’s proactive approach was further demonstrated through its handling of 271 inquiries and 312 labor-related complaints in 2024, which facilitated the safe repatriation of 368 crew members of various nationalities. These efforts were made possible through effective coordination with shipowners, operators, and Protection & Indemnity (P&I) Clubs. Additionally, the DGGM conducted 343 maritime labor inspections aboard both domestic and international service vessels.

Looking ahead to the remainder of 2025, the PMA reaffirms its commitment to the rigorous enforcement of national regulations and international conventions ratified by Panama, including the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW), as amended, and the Maritime Labour Convention, 2006, as amended (MLC 2006).

Steve Trowsdale, ITF Inspectorate Coordinator, commended Panama’s efforts—particularly its management of labor complaints and the recovery of owed wages. He emphasized the productive nature of the dialogue, noting the value of exchanging perspectives and identifying areas for improvement, all in pursuit of a shared goal: safeguarding the rights and welfare of seafarers.

The ITF delegation also included Edgar Ortiz, ITF Regional Secretary for the Americas; Vladimir Small Ortiz, ITF National Coordinator and member of the Union of Marine Engineers (UIM); and Bernardo Campos, retired UIM member. The group was welcomed by senior officials from the DGGM.

This engagement highlights the importance of sustained collaboration between the PMA and ITF in ensuring fair treatment and proper working conditions for seafarers—with a particular emphasis on the timely resolution of wage claims and labor disputes.

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On the occasion of the Presidency of Greece, the UN Security Council convened a high-level open debate on the theme of “Strengthening Maritime Security through International Cooperation for Global Stability”, in the Security Council Chamber at UN Headquarters, on May 20.

The debate was chaired by H.E. Kyriakos Mitsotakis, Prime Minister of Greece & the briefers were Mr. António Guterres, UN Secretary-General, Ms. Melina Travlos, President of the UGS, & Mr. Christian Bueger, Professor of International Relations at the University of Copenhagen & a research fellow at UNIDIR.

In a historic address - to both the Greek & global shipping-, Ms Melina Travlos placed the true gravity of maritime security at the forefront of the debate. Speaking immediately after the UN Secretary-General, she issued a universal call for unity & cooperation, embodying the spirit of the United Nations in its truest form, standing together, not just in name but in purpose. She also emphasized the need to collectively defend freedom of navigation, as a shared global responsibility & a cornerstone of peace and humanity.

The head of the United Nations told the Security Council that the “basic condition” for preserving maritime security is that all States respect international law, following which speakers in a day-long debate urged cooperation to address common challenges in this domain.

“Without maritime security, there can be no global security,” said António Guterres, Secretary-General of the United Nations.  Yet, the world’s oceans are increasingly under strain from threats both traditional and emerging — challenges around contested boundaries, depletion of maritime resources, escalating geopolitical tensions — and “no region is spared”, he stressed.  “And the problem is getting worse,” he added, spotlighting Houthi attacks on commercial vessels in the Red Sea, trafficking in the Gulf of Aden and the Mediterranean Sea and myriad crime in the Gulf of Guinea.

“Facing these and other threats, the world’s maritime routes and the people depending on them are sending a clear ‘SOS’,” he said, urging action in “three key areas” — respecting international law, addressing the root causes of maritime insecurity and creating “partnerships at all levels”.  Pointing out that the upcoming 2025 UN Ocean Conference in Nice, France, will “provide an important moment for the countries of the world to take action”, he underscored: “As threats to maritime security are becoming more complex and interconnected, enhanced coordination and stronger maritime governance are essential.”

Next, Melina N. Travlos, President of the Union of Greek Shipowners and Chair of the Board of the Neptune Group of Companies, said that Greek shipping accounts for over 20 per cent of the global — and 61 per cent of the European Union’s — fleet.  She also noted that more than 12 billion tons of goods are transported around the world each year.  “In the COVID-19 pandemic, when all other sectors shut down, we kept supply chains alive, delivering the medicines and goods that people needed,” she emphasized.  And in humanitarian crises such as mass migration, vessels regularly participate in rescue operations.

However, she warned that shipping is increasingly being weaponized.  “Piracy is evolving — not retreating,” she stated.  In 2024, 116 incidents were reported — representing a 35 per cent increase from 2023 — and organized crime, as well as trafficking in drugs and persons, are growing threats alongside cyberwarfare. Stressing that a single cyberattack can disrupt vessel operations or trigger environmental disasters, she called for a global commitment to keep maritime security a top priority and a standing policy issue in the United Nations.  “We must shift from reaction to prevention, from crisis response to crisis readiness,” she urged.

Yet, Christian Bueger, Professor at the University of Copenhagen and Research Fellow at the United Nations Institute for Disarmament Research (UNIDIR), pointed out that the Council has been confronting these issues in an ad-hoc manner.  “There are no sustained efforts to address maritime security systematically,” he said, and many emerging issues lack adequate attention as a result.  For example, “blue crimes” — such as piracy and smuggling — persist, undermining regional stability.  “The resurgence of piracy off the coast of Somalia — previously thought to be contained — serves as an important reminder that our efforts in combating crimes at sea must be sustainable,” he said.
Also requiring sustained, systematic attention, he stressed, are the proliferation of autonomous weapons systems, naval mines, maritime cybersecurity threats, substandard shipping linked to sanctions evasion and the need to protect critical maritime infrastructure.  And despite the need for evidence-based decision-making, global data on evolving maritime security threats is lacking.  Adding that “there is no global strategy and no coordination instrument in place”, he called on the Council to “chart a course” towards systematic, evidence-based and coordinated maritime-security governance, observing: “As the waters that connect us face growing threats, our response must be equally connected.”

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INTERCARGO, the International Association of Dry Cargo Shipowners, convened in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China.

The meetings, hosted by COSCO Shipping Bulk, brought together members from across the globe for two days of dialogue and decision-making. Senior representatives gathered to discuss pressing issues the dry bulk sector is facing, including the evolving regulatory landscape, operational performance, and the industry’s sustainability.
Particular focus was given to greenhouse gas emissions and the implications of recent developments at the IMO, along with the European Union’s emissions trading regime and FuelEU framework. Members also examined operational safety, digitalisation, cyber risks, terminal operations, and the growing complexity of ship-recycling requirements. Throughout the meetings, there was strong engagement with INTERCARGO’s strategic initiatives, including the Dry Bulk Management Standard (DryBMS) administered by the Dry Bulk Centre of Excellence, and the work of the Association’s Quality Panels focusing on vetting and port compliance issues.

While there was reaffirmed support for the IMO’s environmental goals and path to net zero, the need for pragmatic application of regulations remained a key theme.

Speaking after the meetings, INTERCARGO Chairman John Xylas said: “Our meetings in Guangzhou have taken place at a time of great complexity for dry bulk shipping. Sustainability, environmental compliance, digitalisation and safety remain at the forefront of our agenda. These discussions provided an essential forum for members to share knowledge, align on priorities and reinforce our collaborative approach.”

The Association also confirmed a number of admissions of new members, as it continues to grow, and announced that its next meeting will take place in Athens from 2 to 4 November 2025.

About INTERCARGO

International shipping is vital for the global economy and prosperity as it transports approximately 90% of world trade. The dry bulk sector is the largest shipping sector in terms of number of ships and deadweight. Dry bulk carriers account for 43% of the world fleet (in tonnage) and carry an estimated 55% of the global transport work.
The International Association of Dry Cargo Shipowners (INTERCARGO) unites and promotes quality dry bulk shipping, bringing together more than 280 forward thinking companies from 30 countries. INTERCARGO convened for the first time in 1980 in London and has been participating with consultative status at the International Maritime Organization (IMO) since 1993. INTERCARGO provides the forum where dry bulk shipowners, managers and operators are informed about, discuss, and share concerns on key topics and regulatory challenges, especially in relation to safety, security, the environment, and operational excellence. The Association promotes its members’ positions to IMO, as well as to other shipping and international industry fora, having free and fair competition as a principle.
Captions: INTERCARGO’s semi-annual meetings in Guangzhou, China

Credits: INTERCARGO

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In a modest yet symbolic ceremony, ONEX Shipyards & Technologies Group celebrated a significant milestone for the Greek shipbuilding industry: the completion of repairs on the 700th vessel at the Group’s shipyards — the ship Neptune Odyssey of Neptune Lines Shipping & Managing Enterprises.

It was a great honor for ONEX Group to welcome Ms. Melina Travlos, President of Neptune Group of Companies and President of the Union of Greek Shipowners, who placed her trust in Greek shipyards.

The commemorative ceremony took place on Wednesday, May 14, within the Elefsina shipyard grounds, with the 700th vessel as the backdrop. In attendance were Minister of Development Mr. Takis Theodorikakos, Minister of Shipping and Island Policy Mr. Vassilis Kikilias, Deputy Minister to the Prime Minister Mr. Georgios Mylonakis, Deputy Minister of Development Mr. Lazaros Tsavdaridis, Deputy Minister of National Economy and Finance Mr. Georgios Kotsiras, Vice President of the Hellenic Parliament Mr. Athanasios Bouras, members of Parliament, the Mayor of Elefsina, as well as representatives from the state, the shipping community, institutional bodies, ONEX and Neptune Group executives, and of course, the shipyard workers who support the operation daily.

ONEX Group President and CEO, and Chairman of the Hellenic Shipyards Association, Mr. Panos Xenokostas, offered a review of the successful revival of the Greek shipbuilding industry. Mr. Xenokostas emphasized the honor of taking over the shipyards under difficult circumstances in 2018–2019 and ONEX’s determination to keep its commitments to Syros and Elefsina.

His speech focused on the critical importance of public-private sector collaboration, as well as the trust demonstrated by the Greek and U.S. governments in the initiative. Mr. Xenokostas highlighted the groundbreaking event of ONEX receiving financing from the U.S. government bank, reflecting the recognition of the Group’s vision and credibility. He also stressed ONEX’s social and corporate responsibility, being the first to repay the debts of previous administrations — a testament to the company’s commitment to a genuine revival of shipbuilding, with workers at the center.

In closing, Mr. Xenokostas presented ONEX’s ambitious strategic plan for Elefsina to evolve into a key hub for maritime support, energy transition, security, and the supply chain. He announced the start of orders for critical equipment for the production of tugboats, the construction of ferry boats and defense vessels, and the implementation of an extensive modernization program. Inspired by the global leadership of Greek shipping, he expressed ONEX’s ambition to make up for lost time and become a national leader, thanking all those who have contributed and continue to support the initiative.

Minister of Development Mr. Takis Theodorikakos, in his address, emphasized the importance of this endeavor as a cornerstone of the country’s new production model. He underlined the government’s commitment to turning “Made in Greece” in ship repair into a national success story, worthy of the global reputation of Greek shipping. He referred to the legislative initiative of the Ministry of Development that laid the foundation for the shipyards’ financing through the DFC, calling the investment in Elefsina and Syros a national wager with a significant developmental footprint and thousands of job creations.

Mr. Theodorikakos highlighted the inclusion of the shipbuilding industry in the new Development Law as a strategic sector of growth and national security, signaling the return of the “blue economy” to the forefront. He praised the presence of the President of the Union of Greek Shipowners, Ms. Melina Travlos, as a sign of trust from Greek shipping in ONEX’s investment, expressing hope for a long and successful journey for Greek shipyards.
Finally, the Minister stressed that Greece, as a global maritime power, must have a strong shipbuilding industry capable of generating know-how and supporting the domestic value chain. He pointed out that ONEX’s work creates jobs, produces expertise, and contributes to the real economy — serving as a model for the reconstruction of Greek industry. The government’s goal is to establish Greece as a shipbuilding hub in the broader Southeastern Mediterranean, leveraging the multiplier benefits of Greek shipping.

Vassilis Kikilias: “Support for Greek Shipping and the Promotion of Domestic Shipbuilding”
Minister of Shipping and Island Policy Mr. Vassilis Kikilias warmly congratulated Ms. Melina Travlos, President of the Neptune Group of Companies and the Union of Greek Shipowners, and Mr. Panos Xenokostas, President and CEO of ONEX Group, on the milestone of the 700th vessel. He wished that this partnership would continue and expand — both in repair projects and eventually in new ship constructions. He stated that modernizing technical methods, such as moving from sandblasting to hydroblasting, and prioritizing environmental care and safety, are key government priorities across the maritime sector.

He also assured that the Ministry of Shipping and Island Policy is expediting all procurement processes for the Hellenic Coast Guard for vessels, equipment, and technology — and within the legal framework, will aim to have these constructions take place in Greece, under Greek ownership.

Finally, the Minister emphasized that the 5,800 Greek-owned vessels — accounting for 21% of the global fleet — bring added value and a significant competitive advantage to Greek shipping and to the country.

Melina Travlos: “Today, as a person of the sea, I am a very proud Greek woman”

Ms. Melina Travlos, President of Neptune Group of Companies and President of the Union of Greek Shipowners, expressed her emotion and pride in the revival of the domestic shipbuilding and ship repair industry, stressing the importance of this achievement for Greece. She congratulated Mr. Panos Xenokostas for ONEX’s vision and accomplishments, recognizing the strategic importance of the group for the country’s maritime and production chain. The repair of the Neptune Odyssey at ONEX shipyards affirms the excellent collaboration between Neptune Group and ONEX.

Ms. Travlos expressed her satisfaction with the dynamic revival of the ship repair industry, linking Greek shipping to the country’s historical maritime tradition and technical expertise. She underscored the importance of supporting Greek entrepreneurship and stressed the critical need for maintaining quality, reliability, consistency, and above all, competitiveness.
Referring to the Neptune Odyssey, which sails under the Greek flag, the President spoke of the need to support the Greek shipping registry, so that it becomes not only a national but also a business-attractive choice.
The event concluded with Mr. Panos Xenokostas presenting a commemorative gift to Ms. Melina Travlos as a token of appreciation for her trust in the ONEX Group shipyards, followed by a tour of the facilities where the Neptune Odyssey is undergoing repair.

“Neptune Odyssey” Marks a Milestone in the Revival of the Greek Shipbuilding Industry
The Neptune Odyssey is the fourth vessel of the Neptune Group to be repaired at ONEX facilities, reaffirming the trust of Greek shipping in domestic shipbuilding expertise.

The repair of the 700th vessel at ONEX Group’s shipyards represents not only a major achievement but also confirms Greece’s ability to produce, repair, and export value. This milestone validates the consistent trajectory of ONEX shipyards as one of the most reliable pillars of the Greek shipbuilding and repair industry.

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On Friday, May 16, 2025, SKF Hellas commemorated its 100th anniversary, celebrating a century of innovation, engineering excellence, and enduring contribution to the Greek industrial, automotive and marine sectors. The milestone was marked by a distinguished event at Ble Pavillon, gathering key industry leaders, long-standing partners, valued employees, and honored guests.

Since its founding in 1925, SKF Hellas has played a crucial role in supporting Greece’s industrial development through advanced bearing technologies, innovative vehicle aftermarket products, cutting-edge maintenance solutions, and expert engineering services. As part of the global SKF Group, the company has consistently delivered value across vital sectors including energy, heavy manufacturing, agricultural, automotive, and marine.
Opening the celebration, Thomas Frost, President, Independent & Emerging Business, SKF Group, emphasized the company’s long-standing dedication to innovation and sustainability: “One of our core strengths is the continuous development of new technologies that deliver value-added solutions. These not only enhance our customers’ competitiveness but also support the broader goal of a sustainable global society. By combining our platforms, we create tailored partnerships, integrating our products and services with flexible business models to meet specific customer needs.”

Frost also highlighted SKF’s ongoing efforts in environmental responsibility, noting a 41% reduction in CO2 emissions since 2019, and outlined the company’s transformation into two independent, high-performing entities with strong global leadership.

In her closing address, Rania Patsiopoulou reflected on SKF Hellas’ resilience through decades of change: “From economic crises to global disruptions, we’ve not only endured but thrived— doubling our sales over the past decade. Our success goes beyond products or technical solutions. It’s built on trust, collaboration, and transparent communication. SKF is more than a company — it’s a legacy that connects generations. Each of us contributes to a greater whole that continues to grow and endure.”

The event also featured remarks by H.E. Håkan Emsgård, Ambassador of Sweden to Greece, who praised SKF’s strong collaboration with the Swedish Business Chamber and Embassy in Greece. EMEA Regional Sales Directors Nadine Korell and Andrej Paternoster extended their congratulations to customers and partners, acknowledging the shared success that made this milestone possible.

SKF Hellas reaffirmed its dedication to continue evolving with clean and intelligent solutions. Focusing on technical innovations, sustainable solutions unveiling new initiatives aimed at enhancing predictive maintenance technologies for the Greek industries.

The guests had the opportunity to view the experience wall that presented important historical moments since 1925. The evening concluded with a gala dinner and live entertainment, celebrating the people and partnerships that have shaped SKF Hellas’ journey over the past century.

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ZeroNorth and Veracity by DNV have partnered to launch a fully integrated emissions reporting and verification service for the maritime industry. Teekay is the first customer that will be implementing the service across its fleet, following successful testing and development.

As regulatory requirements tighten, maritime operators face growing demands for emissions transparency and reporting integrity. At the same time, poor data quality remains an industry-wide challenge. The new offering combines ZeroNorth's Vessel Reporting and Emissions Analytics platform with the Veracity platform and DNV's Emissions Connect verification services to deliver an end-to-end compliance solution. The offering simplifies compliance by integrating automated data reporting with expert validation, reducing administrative burdens and improving data reliability.

A key differentiator is the multi-layered data quality feedback loop, which ensures emissions data undergoes rigorous validation at multiple stages. Verification warnings from Veracity by DNV are automatically flagged to ZeroNorth’s data quality team, which then works directly with vessel crews to resolve discrepancies before final submission to authorities. This reduces compliance risks and enhances regulatory confidence while supporting continuous monitoring of EU MRV, IMO DCS, CII ratings, EU ETS and FuelEU Maritime compliance.

Teekay, a long-standing customer of ZeroNorth, played a central role in shaping the solution by participating in early testing and providing operational feedback. Since its successful implementation with Teekay, the service has been rolled out to two additional customers, and further deployments are underway.

Commenting on the news, Anders Schulze, Chief Operations Officer at ZeroNorth, said: “The maritime industry faces growing pressure to ensure emissions data is not just reported, but verified to the highest standards. Yet fragmented systems and manual processes continue to undermine data quality and increase compliance risk. By combining ZeroNorth’s data and analytics capabilities with Veracity by DNV’s verification expertise, we are directly addressing this challenge. Our goal is to build trust in emissions data and reduce complexity for shipowners and charterers. We’re especially pleased that Teekay, a long-time partner, played a central role in shaping and validating the service.”

Mikkel Skou, Managing Director at Veracity by DNV, said: “At Veracity by DNV, the value of our ecosystem is built on strong partnerships, exemplified by our collaboration with ZeroNorth. By integrating trusted data and solutions like ZeroNorth's Vessel Reporting and Emissions Analytics platform, we create a robust network that supports collaboration and drives sustainable growth in the maritime industry. We look forward to continuing working towards our ambition to deliver trust and connectivity to the industry through this partnership with ZeroNorth.”

Mikkel Seidelin, Chief Commercial Officer at Teekay, said: “Our commitment to excellence extends beyond innovation. With our fully integrated shipping model, we derive more value from unified and deeply connected teams where all of our information, day-to-day operations, and goals, are aligned. To ensure we are maximising each department’s full potential, we closely work together as one, unified Teekay and embrace strategic partnerships that guarantee our success. Partnering with ZeroNorth improves our ability to navigate complexities seamlessly, leveraging on data and technology to optimise our performance and reduce inefficiencies. When we are equipped with verified, end-to-end data, it empowers us as owners towards seamless decision-making, resulting in real sustainable and operational target-achievements. Teekay will always seek out quality services that elevate the way we do things to fulfill our commitment to our customers, our people, and the planet.”

About ZeroNorth

ZeroNorth is a technology leader committed to accelerating the energy transition in global shipping. Founded in 2020, it has grown from being a team of six to 600 employees across 10 global locations. It is at the forefront, leveraging technology and data as enablers to drive immediate reductions in emissions — critical steps towards achieving long-term sustainability goals in the maritime industry.

In 2024, ZeroNorth optimised 72,000 voyage legs by generating 1.5 million voyages, reducing CO2 emissions by over one million metric tonnes for our customers. By combining advanced technology, expertise, and trusted data at scale, our platform analyses billions of data points to enable seamless information flow from ship to shore and throughout the entire value chain. Its platform turns insights into actions, empowering vessel owners, commercial operators, charterers, cargo owners and bunker suppliers to achieve operational, sustainable, and digital excellence while steering the maritime industry towards zero emissions.

www.zeronorth.com
About Veracity by DNV

Veracity is DNV’s independent cloud, set out to deliver trust and connectivity to industry digitalization and decarbonization. It brings together key players in the maritime and energy industries, to drive business innovation and digital transformation over a common data truth. On the Veracity Marketplace, users can browse, purchase and access relevant industry data, applications, and digital services. Today, more than 60 000 vessels are easily connected to the platform through the partner program and 300 000 users engage over Veracity, enjoying frictionless connectivity through the exchange of datasets, APIs, applications, and insights. Visit www.veracity.com to discover more. 
About Teekay

Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK), one of the world’s leading owners and operators of mid-sized crude tankers. Teekay Tankers manages and operates approximately 60 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in 8 countries and approximately 2,200 seagoing and shore-based employees, Teekay Tankers provides a comprehensive set of marine services to the world’s leading energy companies.
Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.

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The YES to SEApping Forum 2025 was held on Wednesday, May 7, 2025, in Heraklion, Crete, as part of the Posidonia SEA Tourism exhibition. The event brought together 200 young participants from various academic institutions across Crete, including the University of Crete, the Hellenic Mediterranean University, SAEK Rethymno, MBS College, the Metropolitan College, and the Merchant Marine Academy (AEN) of Chania.

Key Themes of the Forum:

- Presentation of a joint research study conducted with professionals and youth, aiming to map expectations and enhance mutual understanding.

- Discussions on career prospects in Shipping and Sea Tourism, emerging trends in ports, modern skills required by the industry, and practical advice for succeeding in a competitive professional landscape.

- Strong presence of professionals from diverse sectors and positions across the maritime industry.

Once again, the YES Forum created a platform for intergenerational dialogue, offering a unique networking environment that inspires, informs, and integrates young people into the maritime world.

Danae Bezantakou, Founder of YES Forum, stated: “It is moving and encouraging to witness the energy, thirst for knowledge, and genuine interest of young people in the regions to join the shipping family—especially considering that no one had ever introduced them to our industry before. YES Forum continues to serve as a career compass and a space for meaningful dialogue and interaction”.

YES to SEApping Events Across Crete:

- Agios Nikolaos (Saturday, May 3, 2025): Book presentation of “Towards the Sea…” onboard the vessel “Nostos”.

- Chania (Monday, May 5, 2025): YES TOUR TO SCHOOLS presentation to middle and high school students at the Chania

Chamber of Commerce, and a presentation at the Technical University of Crete (School of Production Engineering &

Management), where students learned for the first time that they could pursue careers in shipping.

- Rethymno (Tuesday, May 6, 2025): YES TOUR TO SCHOOLS presentation to students at the House of Culture, with greetings from the Deputy Mayor of Education, Lifelong Learning & Youth, Mr. Nektarios Papadogiannis. This was followed by an informative session at the University of Crete, Department of Economics.
- Heraklion (Wednesday, May 7, 2025): YES TOUR TO SCHOOLS presentation to students at the Heraklion Chamber of Commerce.
YES Forum Research Findings

“Young People & Shipping Companies: Bridging the Gap”

This study aimed to capture the views and needs of young people aged 20–33, alongside insights from shipping companies across all sectors. The results highlighted key challenges but also hopeful prospects for the future.
Youth: Willing, Worried & On Social Media

Young people want to work in shipping and see opportunities—mostly within Greece—but often hesitate, believing access depends on “connections.” The result? Low confidence and the pursuit of opportunities abroad out of necessity, even though staying in Greece is their top choice. Social media is their main source of information, yet practical knowledge of the profession is lacking. The message is clear: more mentoring, networking, and guidance is needed!
- 80% have already participated in career activities, with YES Forum’s Career Days standing out as the most effective job-seeking tool.

Companies: Ethics Yes, Experience Not Yet From the employers’ side, opinions are mixed. Half of the companies are satisfied with young professionals, while the rest express concerns. Only 3 in 10 hires involve
candidates without prior experience—immediate readiness is a must.  What companies value: ethics, professionalism,

digital skills, and language proficiency.

What’s missing: practical experience, understanding of daily life in shipping, and a “mindset gap” with Gen Z.

YES Forum: A Platform that Connects Generations

For 11 consecutive years, the YES Forum has been building bridges. It provides mentoring, knowledge, professional networking, and real engagement opportunities.

- 60% of maritime companies participate actively through panels, presentations, and internship opportunities.

- Young people see it as a confidence-building and industry-understanding tool.

- Companies view it as a platform for talent discovery and genuine connection with the next generation.

YES Forum: Not Just a Bridge. A Lever for Transformation

The YES Forum is more than a networking platform. It’s a catalyst for change, shaping the future of the maritime professional landscape with boldness, inspiration, and strategic vision.

ELNAVI Newsletter  
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Article written by Gregory Spourdalakis, CSM Greece Managing Director

Demand for ship repairs in Greece is on the up as shipowners return to using their own shipyards over neighbouring countries – bringing the decline of the sector to an end says CSM Greece.

Gregory Spourdalakis, Managing Director of Columbia Shipmanagement Greece charts the rise and fall of the sector and how a resurgence in the market could be on the horizon.                                    
For many years, Greek shipowners have sent ships for repair to neighbouring countries such as Romania, Bulgaria, and Turkey, rather than using local shipyards. This was due to higher labour costs, local requirements and rigid union practices affecting projects completion time that resulted in repairs taking place in Greek Shipyards to be abandoned if not ruined. 

Business has slowly returned to Greek shipyards following the exit from the world recession and subsequently Greece from the economical crisis of 2009. More recently there has been a significant increase in business for local shipyards following years of decline with a notable shift towards improving competitiveness of the Greek ship repair market.
The revival of Greek Shipyards began during 2019 when Neorion Shipyards and Elefsis Shipyard were taken over by Onex Shipyards and Technologies. Covid-19 and travelling restrictions as well as EU increasing import demands in cargoes due to the Russian/Ukraine war resulted in higher demand of vessels in the EU. The restructuring and reopening of Skaramangas shipyard and increased activity in Chalkis have set the groundwork for the ship repair sector in Greece to grow significantly.

Additionally, inflation in Turkey, the exchange rate between USD and Turkish Lira, as well as the high prices of the EU Shipyards gave Greece a competitive advantage for ship repairs even for vessels not trading in the MED area. 
Under the administration of Prime Minister Kyriakos Mitsotakis, the Greek Government sold its stakes in Elefsis and Syros Shipyards. Restructuring of Elefsis has been officially approved and US Congress at the same time approved the financing through borrowing of USD125M enabling Onex to carry out the consolidation plan of Elefsis.
Geopolitical requirements and Greece’s geographical location, the restructuring of Greek Shipyards, competitiveness in terms of infrastructure and human resources in Pireaus, as well as increased prices in EU Shipyards and Turkey have resulted in Greece being an important contributor to the EU ship repair sector, The market has seen Neorion and Elefsis alone repairing more than 500 vessels the past five years.

With the ship repair industry in Greece boasting significant technical expertise and facilities that are fully capable of handling complex repairs, Greek shipyards are successfully adapting to an increase in demand. If competitiveness continues to improve, there is real potential for Greek shipyards to reclaim their position as a preferred choice for repairs, particularly considering the nation’s maritime heritage and the commitment of the Greek ship owning community.
This shift has broader economic implications as well. A more competitive ship repair industry in Greece means more jobs for Greek maritime workers and seafarers, boosting the country’s economy and reinforcing its status as a global shipping hub. The Greek maritime sector has always been a powerhouse, but for it to maintain its strength, adaptability is key.

Whilst it remains to be seen whether Greek shipyards can fully reverse the trend of outsourcing to neighbouring countries, there are strong indications that the industry is moving in the right direction. If costs can be kept competitive and reducing bureaucracy continues to be addressed, Greece may yet see a resurgence in its ship repair sector, which will be a win not just for shipowners, but for the entire Greek maritime industry.

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.