At last landmark MEPC 83 meeting, the International Maritime Organization (IMO) Member States assumed responsibility and agreed on a medium-term greenhouse gas reduction measure that differs from the levy-based approach INTERCARGO and industry partners have advocated for many years.

INTERCARGO Secretary General, Kostas Gkonis commented, “INTERCARGO is concerned about the complexity of the measure taken forward by IMO, disregarding calls for a simple, practical and therefore predictable, enforceable, and effective approach.”

He continued, “Despite these challenges, our Association remains committed to supporting the IMO process and its implementation. We will make every effort to help the industry progress toward the fair and practical transition required for international shipping and the dry bulk sector.”

INTERCARGO will continue providing constructive input to IMO as this work progresses, aligned with IMO's ambition to achieve decarbonisation goals for international shipping as the global regulator. Our industry needs global solutions that are transparent and simple to administer, especially for the small and medium-sized companies that form its backbone, rather than fragmented regional measures.

Nevertheless, INTERCARGO welcomes the progress made by Member States in reaching a decision at IMO. As the voice of the dry bulk shipping sector—the largest by number of vessels and deadweight tonnage, with bulk carriers serving as the backbone of international tramp shipping—INTERCARGO remains committed to supporting the IMO's efforts toward a just and effective energy transition.

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 260 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.

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Aegean Protective Coatings S.A., representative of PPG in Greece, has successfully completed a pioneering coating project during the dry docking of the 150K DWT crude oil tanker Karolos of Dynacom Tankers Management Ltd. at Skaramangas Shipyards in December 2024.

During the dry docking, the hull of M/T Karolos was coated with PPG SIGMAGLIDE 2390, a premium high-performance silicon-based fouling release system designed to enhance vessel efficiency by reducing drag and fuel consumption. Notably, this project marked the first-ever application with the use of Electrostatic (ESTA) technology in a Greek shipyard, demonstrating Aegean Protective Coatings’ commitment to bringing innovative solutions to the maritime industry.

The Field Technical Service Team of Aegean and PPG played a critical role in the execution of this project, with eight specialized technicians overseeing and ensuring the optimal application of the coating system. The project was carried out in collaboration with Coral Piraeus Ship Repair, the subcontractor responsible for the coating process.

PPG Sigmaglide 2390 is a durable and extremely long-lasting biocide free, foulin release coating that can help vessels achieve instant power savings of up to 20% with a speed loss performance of less than 1%. It does this whilst also allowing the customer to profit from a considerable reduction in long-term maintenance costs. By lowering vessel emissions by up to 35%, PPG Sigmaglide 2390 can make it significantly easier to meet IMO GHG targets, EEXI and EEDI ratings, and CII compliance.

ESTA technology represents a significant advancement in marine coatings application, allowing for superior paint adhesion, reduced material waste, and improved environmental sustainability. By utilizing an electrostatically charged spray method, the technique ensures a more uniform and efficient coating application compared to traditional methods.

With this pioneering project, Aegean Protective Coatings S.A. reaffirms its dedication to promoting PPG’s revolutionary marine coatings applications in Greece and paving the way for more efficient and environmentally friendly dry docking practices, bringing benefits to owners, operators and shipyards.

About Aegean Protective Coatings

Aegean Protective Coatings S.A. is the long-standing representative of PPG Coatings in Greece, providing innovative and high-performance coating solutions for the maritime industry. Through close collaboration with PPG, Aegean Protective Coatings S.A. delivers cutting-edge technology and technical expertise to shipowners and operators.

About PPG

PPG is a global leader in paints, coatings, and specialty materials. With a strong commitment to innovation, sustainability, and performance, PPG’s Protective and Marine Coatings Business delivers state-of-the-art solutions designed to extend the service life of assets and enhance operational efficiency. www.ppgpmc.com

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Cass Technava, the prominent Greek-Asian shipbroking company based in Athens, marked an exceptional milestone in its history with a lavish celebration. On Wednesday, March 5th, the company hosted an elegant event to commemorate two remarkable years of success. This milestone included an impressive 150 newbuilding contracts signed over the past two years and 75 second-hand vessel deals. The evening was an embodiment of the company’s achievements, drawing a distinguished crowd of prominent figures from the shipping industry.

The highlight of the event was a stunning live performance by Greek pop icon Anna Vissi, who serenaded the A-list audience of shipowners and industry leaders. Among the guests were some of the most influential figures in the maritime sector who all share a long-term friendship with the Tomazos family.

Among the company’s key achievements are surpassing the 500-newbuilding mark in 2022, and being awarded the prestigious "Shipbroker of the Year" title three times by Lloyd's List (2010, 2015, and 2023). It is remarkable that particularly since 2015 one out of six of all Greek newbuilding’s have been brokered by Cass Technava. 

The managing director of Cass Technava, Fedon Tomazos and his team seem to indeed share a unique relationship with the top shipyards of China and Korea and Greek owners recognize that by choosing them for their newbuilding expansions whereas they often package their deals with financing from local lessors. 

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The 2nd Maritime Security Conference, titled “Threats to Maritime Trade and Maritime Infrastructure”, was held with strong attendance on Wednesday, April 2nd, at the Eugenides Foundation.

The conference was a joint initiative of the Propeller Club, Port of Piraeus, the Council for International Relations-Greece and the Foreign Affairs Institute, in cooperation with the School of Maritime and Industrial Studies at the University of Piraeus and the Mackinder Forum.

In 5 focused panel discussions, industry experts explored critical challenges and emerging threats to maritime trade and infrastructure—an issue more relevant than ever.

Among others, addresses were delivered by the Minister of Maritime Affairs & Insular Policy, Mr. Vassilis Kikilias, former European Commissioner and former Minister, Mr. Dimitris Avramopoulos, and the Chief of the Hellenic Navy General Staff, Vice Admiral Dimitrios-Eleftherios Kataras.

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Among the highlights of The Greek Shipping Hall of Fame’s 2025 Induction Ceremony & Dinner on the evening of Monday 12 May at Megaron, The Athens Concert Hall, will be the unveiling of the two latest Inductees to join the industry’s pantheon.   

Leading personalities of the Greek shipping world and their international partners can look forward to an exceptional evening celebrating Greek shipping, including the more than 40 shipping ‘greats’ already inducted in the Hall of Fame. 

A donation from the event proceeds will again be made to Greek children’s charity Hellenic Hope.

Caroline Lowry, Director of Phoebe Media & Events Ltd, the exclusive event organiser, comments: “We are excited to present this year’s Induction Ceremony & Dinner.  We sincerely thank all of this year’s event sponsors for their support and we very much look forward to welcoming them and their guests on this very special night”.

Thank you to the Sponsors of the Greek Shipping Hall of Fame Induction Ceremony & Dinner 2025:

Co-Lead Sponsors:

ABS, IRI – The Marshall Islands Registry and Shanghai Waigaoqiao Shipbuilding Co.

Welcome Drinks, Dinner & Digestifs:

TMS Group, Navios Group and The Tsakos Group

Premium Sponsors:

Ascenz Marorka, Cayman Islands Shipping Registry, Citi Private Bank, Kpler, Moore Greece, OceanScore, Optima Group, PPG and Seajets

Charity Partner: Hellenic Hope     Supported by: Bank Julius Baer

Standard Sponsors:

Allied Shipbroking, Antipollution, China Classification Society, ClassNK, Columbia Group, EDIT Automation, Franman, Isle of Man Ship Registry, Kongsberg, KPMG, Kyvernitis Travel Group, Lloyd’s Register, Marichem Marigases Worldwide Services, Marine Support, Marine Tours, Monjasa, Polygreen, SiriusPoint, UK Defence Club and the UK P&I Club.

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Polys Hajioannou, CEO, Chairman and Director of Safe Bulkers, Inc. & Vice President – Cyprus Union of Shipowners & H.E. Nikos Christodoulides, President of the Republic of Cyprus rang the Closing Bell at the New York Stock Exchange held in conjunction with the “3rd Capital Link Cyprus Business Forum”

Within the context of the “3rd Capital Link Cyprus Business Forum”, the New York Stock Exchange organized a special ceremony in honor of Cyprus with the cooperation of Safe Bulkers, Inc., which is listed on NYSE (NYSE: SB). Mr. Polys Hajioannou, CEO, Chairman and Director of Safe Bulkers, Inc. with the President of the Republic of Cyprus H.E. Nikos Christodoulides, along with members of the Cypriot government and other distinguished members of the business community, rang the “Closing Bell” on Friday, April 4, 2025. The New York Stock Exchange (NYSE) flew the Cypriot flag together with the US and Safe Bulkers flags, on Wall Street and issued special commemorative medals for the occasion. Welcome remarks were given by Mr. Chris Taylor, Chief Development Officer, NYSE. Mr. Polys Hajioannou, CEO, Chairman and Chief Executive Officer - Safe Bulkers, Inc. “We are proud to celebrate, the ten-year relocation of our headquarters in the Republic of Cyprus by ringing together with H.E. President Christodoulides the closing bell at New York Stock Exchange within the context of the 3rd Capital Link Cyprus Business Forum, taking place Friday, April 4th, 2025, at the Metropolitan Club in New York City.” The Closing Bell ceremony was attended by: Mr. Polys Hajioannou, CEO, Chairman & Director - Safe Bulkers (NYSE: SB) ; Vice President - Cyprus Union of Shipowners, H.E. Nikos Christodoulides, President - Republic of Cyprus, H.E. Giorgos Papanastasiou, Minister of Energy, Commerce & Industry - Republic of Cyprus, H.E. Marina Hadjimanolis, Shipping Deputy Minister to the President - Republic of Cyprus, H.E. Nicodemos Damianou, Deputy Minister of Research, Innovation & Digital Policy - Republic of Cyprus, Ms. Irene Piki, Deputy Minister to the President - Republic of Cyprus, H.E. Evangelos Savva, Ambassador of Cyprus to the United States - Republic of Cyprus, Dr. Chris Patsalides, Governor -Central Bank of Cyprus, Mr. Michalis Louis, CEO - Hellenic Bank, Dr. Loukas Barmparis President - Safe Bulkers Inc., Mr. Konstantinos Adamopoulos, Chief Financial Officer - Safe Bulkers Inc., Mr. Christos Megalou, Director - Safe Bulkers Inc, Mrs. Marina Hajioannou, Director - Safe Bulkers Inc., Mrs. Maria Hajioannou, ESG Executive - Alassia Newships Management Inc., Mr. Vasilis Hajioannou - Safe Bulkers Inc. and Ms. Stalo Hajioannou - Safe Bulkers Inc., Mr. Nicolas Bornozis, President & CEO - Capital Link Inc., Mrs. Olga Bornozi, Managing Director – Capital Link Inc., and other distinguished members of the business community. The event was broadcasted live on major news stations in the United States and abroad to an audience of millions of viewers worldwide. More than 150 million people watch the NYSE Bell Ceremonies.

The 3rd Capital Link Cyprus Business Forum is organized in cooperation with the Cyprus Union of Shipowners and supported by Invest Cyprus and the Deputy Shipping Ministry of the Republic of Cyprus. This premier forum aimed to foster an open dialogue on Cyprus’s business and investment landscape, highlighting its openness and competitiveness on the global stage.

Safe Bulkers, Inc. is a Grand sponsor of this forum and graciously hosted the Dinner Reception honoring H.E. Nikos Christodoulides, the evening preceding the event.

Dinner Reception 

An unforgettable reception was held at the prelude to the 3rd Capital Link Cyprus Business Forum thanks to Mr. Polys Hajioannou, CEO, President and Director of Safe Bulkers, Inc. - Vice President – ​​Cyprus Union of Shipowners.

Safe Bulkers, Inc., a Major Sponsor of this forum graciously hosted the Dinner Reception in honor of H.E. Nikos Christodoulides on the evening of April 3^rd 2025 preceding the event.

A distinguished gathering of industry leaders and professionals joined the event as part of the upcoming 3rd Capital Link Cyprus Business Forum. The prominent guests, H.E. Nikos Christodoulides, President of the Republic of Cyprus, together with Ministers George Papanastasiou, Marina Hadjimanolis and Nikodimos Damianou, set the stage for an insightful dialogue on Cyprus’ thriving business and investment landscape looking forward to the insightful discussions that will shape the future of investment in Cyprus.

The 3rd Capital Link Cyprus Business Forum is organised in collaboration with the Cyprus Shipowners’ Association and supported by Invest Cyprus and the Deputy Ministry of Shipping of the Republic of Cyprus. The forum aimed to foster an open dialogue on Cyprus’ business and investment landscape, highlighting an extroversion and competitiveness on the global stage.

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20 years ago, Diana Shipping Inc. became one of the first dry bulk shipping companies to list in the U.S., seizing an opportunity at a pivotal time in global trade. On April 1st, we honored this important milestone by ringing the Closing Bell at the New York Stock Exchange—commemorating two decades of commitment to excellence, performance, and industry leadership.

Since our 2005 listing, we have remained true to our values, navigating market cycles with discipline, operational integrity, and a long-term perspective. Our journey has been shaped by a clear vision and strong foundation, making Diana Shipping a reliable and trusted name in the global shipping industry.

Growth, Resilience & Vision have defined every step of our evolution—from pioneering beginnings to a position of strength within the industry.

Semiramis Paliou, CEO of Diana Shipping, reflected on the importance of resilience: “The shipping market is cyclical, and you must always be prepared for the lean years. In this industry, those who endure the longest are the ones who can truly seize the opportunities ahead.”

Now, 20 years strong, we are deeply grateful—for the journey we’ve taken, the challenges that shaped us, and the people who made it all possible: our dedicated team, trusted partners, and valued shareholders.
By ringing the Closing Bell at NYSE, we not only celebrated our past but reaffirmed our commitment to the future—with clarity, confidence, and purpose.

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The energy transition and the digital transformation in shipping creates a new educational environment of the maritime education that comprises design, management and control of the educational process in an innovation environment with the help of management tools – entrepreneurial hubs, active interactions and talent management of the organization.

With the aim to explore the potential of new technologies in the marine training field Newsfront/Naftiliaki and Martecma organized the Greener Shipping Summit which took place at the Eugenides Foundation.

Conference Chairman was George Kriezis, Technical Director, Neptune Lines Shipping; Neptune Dry Management and Keynote speaker: Dimitris Fafalios, Secretary of the BoD, Union of Greek Shipowners; President / Director, Fafalios Shipping; Honorary Chairman, INTERCARGO.

The first topic was about Enhancing Maritime Education for Next Generation Seafarers.

Moderator: Takis Koutris, Managing Director, Roxana Shipping SA

The following Panelists discussed the topic:

• • Alexandros Arampatzoglou, Vetting Manager, Latsco Marine Management Inc
• • Dimitris Fokas, Training Manager, Angelicoussis Shipping Group; Chairman of Human Element Committee, INTERTANKO
• • Venetia Kallipolitou, Cross Departmental HR & Training Manager, Tsakos Group
• • Woosung KIL, Principal Surveyor, AI Convergence Center, R&D Division, KR (Korean Register)
• • Katerina Palla, Head of Global Marine Training, RINA
• • Constantinos Triantafillou, Head of Strategy & Development, HELMEPA

The speakers discussed the following topics:

• • e-learning engagements and simulators, an update on: e-learning platforms, virtual reality, simulators and cloud simulators, the role of artificial intelligence in service of learning engagements
• • How the above learning techniques will be applied to enhance education on future technologies, like low emissions technologies and equipment, alternative fuels, carbon capture
• • How soft competence will contribute to bridge the gap of inadequate hard competence (knowledge and experience)
• • Personnel assessment: The importance of accessing the effectiveness of learning process, Methods and tips for assessment, available tools and platforms
• • SIRE 2.0: Focusing on Human Element | Training needs that may arise through inspiration results.

The next session of the forum was about the Collaboration between academia and equipment makers-builders, class societies and operators.

Moderator was Fotis Belexis, Technical Director, Star Bulk Carriers Corp

Panelists:

• • Maria Bertzeletou, Market Analyst, The Signal Group
• • Stefanos Chatzinikolaou, Assistant Professor, Ship Technology, Department of Maritime Studies, University of Piraeus
• • Christos Hadjigeorgiou, Managing Director, Almi Marine Management SA
• • Jennifer Harrison, Vice President, Training Solutions, ABS
• • Stylianos Pappas, Professor, Head of Automation Control Systems, School of Engineering, Merchant Marine Academy of Aspropyrgos
• • Nicholas Tsouvalis, Professor, Director of Shipbuilding Technology Laboratory, School of Naval Architecture and Marine Engineering, NTUA.

The speakers discussed the following issues:

• • Discuss and define how the academia can help in the development and handling of new technology. What is the current experience?
• • Building bridges between theoretical education and practical experience
• • The role of apprenticeship and internship
• • Encouraging practical partnerships between research, innovations and education
• • The role of class societies and IACS in the newly emerging technology world.

The last topic of the forum was about the Reshaping the Training Needs.

Moderator was Stavros Hatzigrigoris, Advanced Engineering Services; Zodiac Maritime.

Panelists: • Andrea Capuani, Chief Commercial Officer, Vanzetti Engineering

• • John Kokarakis, Technical Director SEEBA Zone, Bureau Veritas
• • Natassa Kouvertari, Senior Lead – Human Competency, Lloyd's Register
• • Marina Papaioannou, Regional Maritime Academies Manager, Region South East Europe, DNV
• • Spyros Vlassopoulos, Managing Director, Ionic Group

The speakers discussed the following topics:

• • Describing the new technology in shipping, advanced automation and control, new fuels, new engines, reducing risks and enhancing safety
• • Redefining roles and responsibilities in a new technology driven maritime world and ensuring the operators and officers / seafarers onboard are properly prepared
• • The role of artificial intelligence in equipment design and integration, focusing on navigation, cargo handling, machinery operation and condition based maintenance
• • Defining smart ships, real-time monitoring and remote operation: An option or a future rule requirement?
• • Cyber security issues and developments. Relay on technological guard systems and educating stakeholders on maintaining secure data environments
• • Machine learning and digital twins.

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The NAVIGATOR ASSEMBLY, titled #TimelessSeas #NewPaths, the prelude to the 24th NAVIGATOR 2025 – The Shipping Decision Makers Forum, took place on Thursday, the 20^th of March 2025, at the Grand Hyatt Athens. The event brought together over 300 executives from the maritime industry, representing 165 ship-owning companies and maritime service providers. Distinguished representatives such as the ambassador of the UK and Luxembourg were among our prestige guests, including embassy representatives from the United States, China, Japan, Italy, Lithuania, Hungary and Portugal. 

For one more year, 30 maritime organizations, associations and leading educational institutions alongside Manolis Koutoulakis, the Secretary General of the Aegean and Island Policy ministry, and George Alexandratos, the President of the Hellenic Chamber of Shipping, discussed the current main challenges the maritime sector is facing. The future of the maritime industry will be shaped by a combination of factors, including decarbonization, human resources, technological advancements, regulatory frameworks, and geopolitical developments. Geopolitical uncertainty, technological transformation, and innovation will play pivotal roles in driving a sustainable and competitive maritime future. Geopolitical developments, such as ongoing conflicts, new trade policies, and targeted sanctions, significantly impact global shipping by reshaping commercial routes and influencing transportation costs. Strengthening maritime security, diversifying supply chains, and developing new trade corridors—such as the Indo-Middle East-European Corridor (IMEC)—will be crucial in addressing these challenges. Moreover, China’s dominance in shipbuilding and port operations continues to influence the global trade balance, underscoring the interconnectedness of the maritime industry.

Shipping, with its long history of self-regulation and adaptation, is well-positioned to meet the growing demand for decarbonization. However, the subjectivity of decarbonization and the ongoing uncertainty regarding future bunker types create challenges for the industry. Additionally, the tax-like nature of various regulatory decarbonization frameworks remains a point of contention. The Environmental, Social, and Governance (ESG) reporting framework will increasingly affect shipping companies, particularly as regulations evolve under the European Sustainability Reporting Standards (ESRS). While smaller shipping companies may benefit from simpler reporting frameworks, the International Maritime Organization (IMO) remains the primary driver of ESG-related changes, though no significant shifts in their agenda for shipping have occurred yet.

Attracting young talent and offering clear career paths will become increasingly vital. The new generation of workers brings different expectations about work-life balance, which may create a generational gap. While digital communication enables seafarers to stay connected with loved ones, it also contributes to increased isolation among crew members, further highlighting the need to address these concerns. Comprehensive education, lifelong training, stakeholder collaboration, and strategic planning will be essential to ensure a resilient, efficient, and sustainable maritime sector.

The future seafarer will require specialized skills to operate vessels with increasing automation and the use of alternative fuels. Technology, particularly digital transformation, will continue to reshape the maritime sector. Both shipping companies and technology providers agree on the importance of ensuring safe operations and bolstering cybersecurity, with Artificial Intelligence (AI) playing a key role in enhancing productivity.

However, challenges such as “digital fatigue,” the need for a shift in management mindset, data standardization, and the demand for more practical solutions from technology providers remain. To maximize efficiency, automation and AI will be crucial, but regulators must establish clear timelines and roadmaps to guide the transition.

Finally, while new digital technologies hold immense potential for the future of shipping, addressing the generational gap, ensuring the well-being of seafarers, and overcoming technological hurdles will be essential to creating a sustainable and thriving maritime industry.

In a rapidly evolving world, the shipping industry is navigating unprecedented technological, geopolitical, and environmental challenges. The path forward lies in fostering collaboration among stakeholders, embracing innovation, and keeping the human element at the heart of all we do. Danae Bezantakou, CEO of NAVIGATOR SHIPPING CONSULTANTS, emphasized that the NAVIGATOR ASSEMBLY 2025 reaffirmed the company’s unwavering commitment to shaping a sustainable, resilient, and future-ready maritime ecosystem.

The success of NAVIGATOR ASSEMBLY 2025 highlights NAVIGATOR SHIPPING CONSULTANTS' dedication to fostering synergies, dialogue, and innovation within the maritime industry. The key takeaways will be further explored at the 24th NAVIGATOR 2025 – THE SHIPPING DECISION MAKERS FORUM, scheduled for Tuesday, November 11, 2025, at the Lighthouse of the Stavros Niarchos Foundation Cultural Center.

Sponsors: A GENERAL GROUP, AKEREON, ANTIPOLLUTION, AUSTRIACARD HOLDINGS, BENEFIT, CCS, COLUMBIA GROUP, CMA ARGOUDELIS, CROSSWORLD,  CYGNUS, DEEPSEA TECHNOLOGIES, DIAPLOUS, DNV, DYNAMIC GROUP, EMBASSY OF PANAMA, ERNST & YOUNG, FORTUNE TECHNOLOGIES, FRANMAN, FURUNO, GOLDEN CARGO, HILL DICKINSON, INMARTEK, KPMG, LG MAR, MARICHEM MARIGASES, MOORE, NAFTOSOL, NEREUS, OCEANKING, ORIANI, PALAU INTERNATIONAL SHIP REGISTRY, PPG,  POLYGREEN, SEKAVIN, SHIPMONEY, SYNTHETICA, THE AMERICAN P&I CLUB, THE MARSHALL ISLANDS REGISTRY, TIMAGENIS LAW, TOTOTHEO MARITIME, UK P&I, VSHIPS, WARTSILA.

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HEMEXPO, a leading marine equipment manufacturers and exporters association for the international shipping industry, has joined the EU HORIZON Innovation Action project entitled “Sustainable Emission Abatement Strategies & Technologies for Advanced Revolution Ships” (SEASTARS).

The groundbreaking initiative aims to achieve a minimum 30% reduction in well-to-wake greenhouse gas (GHG) emissions by 2030 (compared to 2008 levels) and a 20% increase in energy efficiency (compared to 2022), creating a global maritime decarbonisation landscape and supporting the European Commission’s proposed Fit-for-55 targets.

With EU and global regulators expanding the scope of mandatory measures to drive maritime decarbonization, SEASTARS will provide shipowners with market-ready solutions for retrofitting and newbuilds across the inland, short-sea, and high-seas sectors.

By leveraging Model-Based Systems Engineering (MBSE), SEASTARS enables shipowners to implement flexible, modular and scalable decarbonization strategies with low investment risks while ensuring compliance with evolving regulations.

The project integrates cutting-edge efficiency and emissions-reduction technologies, including:
Hydrodynamic Enhancements: Propeller-hull optimization, air lubrication systems.

• Machinery Innovations:Fuel cells, electric motors, integrated solar panels, wind-assisted propulsion, electrochemical storage.
• Alternative Fuels & Energy Systems:Biofuels, hydrogen, methanol, LNG, ammonia, fuel reforming, CCS (carbon capture & storage).

As part of its role within the consortium, HEMEXPO will lead design thinking workshops to align technological advancements with the real-world needs of shipowners, shipbuilders, maritime technology providers and operators. These workshops will focus on practical, scalable decarbonization solutions that support a smooth transition to greener shipping.

Christos Papakis, Executive Director of HEMEXPO, said, “The project is a major step forward in making decarbonization solutions available to the sector. It reinforces HEMEXPO’s commitment to innovation by working closely with maritime stakeholders to develop technologies that reduce emissions, improve efficiency, and drive a more sustainable future for global shipping.”

About HEMEXPO: HEMEXPO – Hellenic Marine Equipment Manufacturers and Exports – is a leading suppliers and exporters association for the shipping sector, representing Greek maritime technology specialists worldwide since 2014.

HEMEXPO brings together Greek companies that manufacture and export a comprehensive range of world class marine equipment and technical services used in the construction, conversion, maintenance and upgrading of ships and other marine structures.

Image: Christos Papakis, Executive Director of HEMEXPO

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