Maritime Consortium’s Founding Members include the American Bureau of Shipping (ABS), Capital Clean Energy Carriers Corp. and HD Korea Shipbuilding & Offshore Engineering, Innovation Members include Foresight-Group, Navios Maritime Partners, L.P., Singapore Maritime Institute, and Dorian LPG.  

The American Bureau of Shipping (ABS), Capital Clean Energy Carriers Corp. and HD Korea Shipbuilding & Offshore Engineering have joined the MIT Maritime Consortium, a pioneering collaboration between academia and leading industry stakeholders dedicated to developing cutting-edge solutions that enhance industry competitiveness while reducing environmental impact.  

This new international consortium brings together academic and maritime industry leaders, developing new technologies for nuclear propulsion and alternative fuels, data-powered strategies for efficient operation and decision making, autonomy and cybersecurity, as well as on-board manufacturing of spare parts. By addressing climate-harming emissions in the maritime shipping industry - which currently transports 90% of world cargoes, while contributing 2% of global energy-related CO2 emissions - this initiative supports compliant, environmentally-friendly operations aligned with the decarbonization goals set by the International Maritime Organization.  

Together the members aim to explore new designs that meet the economic, technological and environmental requirements of commercial shipping, assess the feasibility of alternative fuels, develop data-driven algorithms, and enhance autonomous platforms focused on climate, sustainability, AI and AR for manufacturing.  

The MIT Maritime Consortium’s Founding Members include the American Bureau of Shipping (ABS), Capital Clean Energy Carriers Corp., and HD Korea Shipbuilding & Offshore Engineering. Innovation Members include Foresight-Group, Navios Maritime Partners L.P., Singapore Maritime Institute, and Dorian LPG.   

Prof. Themis Sapsis, Director of the Center for Ocean Engineering at MIT stated, “This consortium envisions to develop novel engineering solutions towards ship decarbonization, such as nuclear propulsion, advanced data analytics and autonomy, sophisticated cybersecurity frameworks, novel hydrodynamic advancements, and 3d printing technologies, that will create competitive advantage for companies and organizations.  

“It is an effort that will bring the latest and greatest from MIT, catalyzing synergies between participating companies and almost every department in the School of Engineering, and in close collaboration with the Schwarzman College of Computing, while elevating our programs in technology and policy, which is an essential ingredient for this type of effort,” Sapsis said.  

“This consortium brings a powerful collection of significant companies that, together, has the potential to be a global shipping shaper in itself,” said Christopher J. Wiernicki, ABS Chairman and CEO. “The members are all world-class organizations and real difference makers. The ability to harness their experience and know-how, along with MIT’s technology reach creates real jet fuel to drive progress. As well as researching key barriers, bottlenecks and knowledge gaps in the emissions challenge, the consortium looks to enable development of the novel technology and policy innovation that will be key. Long term, the consortium hopes to provide the gravity we will need to bend the curve to reach emissions objectives.” 

As a Founding Member of the Consortium, Capital Clean Energy Carriers Corp., hopes to play a pivotal role in providing operational expertise and real-world insights from its diverse fleet, which includes various vessel types and technologies. This collaboration aims to drive innovation, establish robust standards, and shape forward-looking policies. By leveraging these insights, along with consortium members, CCEC, will look to contribute to the development of enhanced AI-driven models and technological solutions aimed at optimizing ship efficiency, improving predictive maintenance, and advancing autonomous decision-making.  

“At Capital Clean Energy Carriers Corp., we are spearheading the advancement of cutting-edge technologies in the global maritime industry for a more energy-efficient, safer, and sustainable shipping industry. We firmly believe that the newly-founded Maritime Consortium will drive transformative change, fostering innovation in maritime practices, strengthening resilience against challenges, and paving the way for a more sustainable future”, Jerry Kalogiratos, Chief Executive Officer of CCEC commented.  

CCEC’s participation in the Maritime Consortium, is a milestone that underscores the company’s unwavering commitment to cleaner energy solutions shaping a greener future for the industry.    

“We are pleased to jointly demonstrate HiNAS [Hyundai intelligent Navigation Assistant System] with Capital as part of our efforts to advance AI-based autonomous navigation. We will initiate integrated verification of various solutions developed in collaboration with Avikus. Through our involvement in this consortium, we aim to set global technology standards and spearhead the development of next-generation eco-friendly ships that are both cost-efficient and dependable,” said Mr. Chang Kwangpil, CTO of HD Korea Shipbuilding & Offshore Engineering.  

Learn more about the Maritime Consortium at MIT Maritime Consortium – Maritime Research at MIT: maritime.mit.edu   

Image: Representatives from across the MIT Maritime Consortium attended a signing ceremony at MIT. Left to right: Fotini Christia (MIT), Anantha Chandrakasan (MIT), Chara Papaefthymiou (Navios), Amulya Mohapatra (Foresight Group Services), Kwangpil Chang (HD KSOE), Chris Wiernicki (ABS), Miltiadis Marinakis (Capital), John Lycouris (Dorian LPG), Daniel Huttenlocher (MIT), and Themis Sapsis (MIT).

Credits: Photo: Conor McArdle/School of Engineering

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Dynacom’s first 75K DWT Oil Tanker (YZJ2023-1576) was launched on 21^st March 2025, at New Yangzi Shipyard.

This milestone marks a significant step forward in its construction project. The company expressed its appreciation to all team members who have contributed their expertise and dedication to reach this important stage.

Their hard work and commitment as well as the continued collaboration with American Bureau of Shipping (ABS) have been instrumental in making this achievement possible.

Dynacom has an extensive newbuilding program for 50 tankers with a focus on larger sizes.

Of these 50 vessels, 16 are aframax/LR2 tankers, 14 are suezmaxes, 12 are panamax/LR1 and eight are VLCCs.

Notably 46 ships are under construction in China while four suezmaxes are being constructed in S. Korea.

In total the group of companies led by George Prokopiou has a newbuilding program for 88 vessels.

Dynacom has as already under construction 50 tankers, Sea Traders 30 bulk carriers and Dynagas eight LNG carriers.

Prokopiou’s existing fleet consists of 67 operational tankers under the management of Dynacom, five bulk carriers under Sea Traders and 21 LNG carriers under Dynagas including six vessels managed by US Listed Dynagas LNG Partners.

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Mrs. Lydia Markari - Kyriacou, Head of the Legal Affairs Unit of the Shipping Deputy Ministry was elected in the position of Vice-Chair of the Legal Committee of the International Maritime Organization (IMO).  Lydia has been unanimously elected by the IMO Member States at the Legal Committee’s 112^th session, which is currently taking place in London.

This prestigious election of the Shipping Deputy Ministry’s Head of Legal Affairs Unit, is a testament to Cyprus' contribution to the work of the International Maritime Organization. It is also a significant commitment towards the future work of the IMO Legal Committee, one of the IMO’s main bodies, in advancing legal discussions on pressing maritime issues and shaping international maritime law.

Lydia, a qualified lawyer, has served the Cyprus Maritime Administration as a legal officer for more than twenty years and has extensive experience in maritime law and the law of the sea and in drafting and implementing maritime legislation including International Conventions under the purview of the Legal Committee. She has represented the Republic of Cyprus at numerous IMO Legal Committee meetings over the years.

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GNV has chosen RINA’s SERTICA Performance for the latest addition to its fleet, the GNV Polaris, starting right away by testing the ship during its inaugural voyage from China to Italy. The tool for monitoring operational data on ships allows efficient energy consumption management and the optimization of performance. Thanks to the system, GNV has identified two optimal operating scenarios allowing for the lowest Specific Fuel Consumption, and a predictive model that serves as both a benchmark and a simulator for future operations.

This advanced system functions as a real-time data collector recording, through a network of sensors installed on board, key parameters such as fuel consumption and the power of diesel generators and engines. While its primary focus is on monitoring energy expenditure, the collected data allows for the calculation of the ship’s actual efficiency, providing a comprehensive view of its operational performance to the crew onboard and the onshore management.

During the GNV Polaris’ voyage, various operational scenarios were simulated at different speeds and configurations, such as alternating the use of diesel generators and shaft generators, to identify the most efficient solutions in terms of fuel consumption. Subsequently, the operational setup for the Genoa-Palermo route was tested, verifying the consistency between the sea trial results and the forecasts. The analysis confirmed the system’s accuracy, allowing for the definition of the optimal configuration to reduce fuel consumption.

The project also includes the development of predictive models using machine learning techniques. A physical model of the ship, trained with the collected data, achieved remarkable accuracy. Performance models have proven to be reliable tools for accurately estimating ship efficiency and can serve as benchmarks to assess performance degradation over time or as scenario simulators if the ship is deployed on a different route or schedule. This analysis may also indicate the need for retrofit actions, such as hull and propeller cleaning or engine maintenance.

Ivana Melillo, Energy Efficiency Director at GNV said “GNV is making significant strides in sustainable shipping with their latest initiatives. One of the most notable developments is the introduction of the GNV Polaris, the first of four new ships designed to enhance sustainability in maritime transport. The GNV Polaris boasts high environmental standards and can achieve over 30% fuel savings, resulting in a significant reduction in CO₂ emissions compared to the vessels currently in the fleet.

GNV plans to continue modernizing its fleet with more eco-friendly ships. This includes the introduction of new vessels that meet higher environmental standards, reducing emissions and improving fuel efficiency. GNV is exploring the use of alternative fuels such as liquefied natural gas (LNG) and biofuels. These fuels produce fewer emissions compared to traditional marine fuels.

We are investing in energy management systems that leverage digital technologies to optimize energy use on board its vessels. This helps in reducing emissions and improving overall sustainability.

These digitalization efforts are part of GNV’s broader strategy to enhance operational efficiency, reduce environmental impact, and contribute to a more sustainable future in maritime transport.”

Lars Riisberg, Marine Digital Solutions Executive Director at RINA, said “The added value of SERTICA Performance lies in its ability to provide unparalleled data monitoring and analysis. By collecting data every five minutes and transmitting aggregates to shore, it enables detailed historical analysis. Its real-time dashboards, accessible remotely, support continuous monitoring and advanced analytics for internal assessments and fuel budget planning. A key advantage is its capability to set alerts for real-time sensor status monitoring, ensuring prompt anomaly detection. Additionally, SERTICA Performance tracks hull degradation and energy efficiency, comparing real- time performance against optimal conditions to drive informed decision-making”.

Currently installed on over 800 ships, SERTICA Performance continues to expand with new implementations on vessels under construction.

Founded in 1992 and part of the MSC Group, GNV is one of the leading shipping companies operating in the cabotage and passenger transport sector worldwide. With a fleet of 25 ships, the company operates 31 routes across 7 countries, connecting Sardinia, Sicily, Spain, France, Albania, Tunisia, Morocco, and Malta.

RINA, leading certification and engineering company, provides a wide range of services across the Energy, Marine, Infrastructure & Mobility, Certification, Industry and Real Estate sectors. In December 2023, alongside the majority shareholder Registro Italiano Navale, Fondo Italiano d’ Investimento SGR entered the shareholding structure guiding a pool of co-investors. With revenues in 2023 of 797 million euros, 5,800 employees and 200 offices in 70 countries worldwide, RINA is a member of key international organizations and an important contributor to the development of new legislative standards.

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Castor Maritime and Sea Tribute Shipmanagement are the latest companies to enter vessels into the Bluepool Panamax dry bulk shipping pool.

Castor Maritime, a NASDAQ listed diversified global shipping and energy company, has entered MV Magic P (2004 built, 76,453 dwt). Sea Tribute Shipmanagement, a specialist Greek dry bulk management company, has added MV Sea Dawn (2014 built, 80,915 dwt).

“From Asian interests to privately held Greek companies and listed corporations, we serve a diverse range of companies and continue to attract top-tier owners. Now in our fourth year of operation, we have a strong track-record and are confident that we will keep delivering market beating returns to our pool participants. Our fleet is very diverse in terms of designs and specifications, which allows us to employ each vessel in its best aligned trades, maximizing returns for all participants,” said Aris Bachos, Bluepool’s head of chartering.

The pool, whose fleet will grow from 16 to 19 vessels within the next months thanks to new commitments, offers an open-door policy to its participants with flexible entry and exit clauses and allows owners to either earn spot returns or to switch to a fixed period rate whenever they choose. Monthly reports on each vessel’s commercial performance ensure full transparency and oversight for owners.

Image: The Bluepool head of chartering Aris Bachos with the other founding Bluepool managers Kimon Angelopoulos and Nikolas Garviilidis

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Marasco Marine Ltd’s Advisors' Board Continues to Empower Small and Medium Shipowners Since 2018

 
Since its inception in 2018, Marasco Marine Ltd’s Special Purposes Committee – the Advisors’ Board – has steadily grown into one of the most valuable and trusted resources for small and medium-sized shipowners navigating today’s complex maritime landscape.

At a time when many smaller fleets struggle to compete against larger, more capitalized operators, Marasco’s Advisors’ Board offers something rare: access to elite expertise, proactive risk prevention, and claims strategy—all under one roof.

Built to Serve, Proven to Deliver

Founded and championed by Mr. Anastasios Maraslis, the Advisors’ Board is made up of hand-picked experts across all key areas of maritime risk and operations:

• Naval Architects
• Marine Surveyors
• Claims Handlers
• Shipping Lawyers and Arbitrators

Together, they have supported dozens of shipping companies since 2018 in preventing claims, reducing premium costs, and navigating complex legal or technical challenges with confidence and speed.

An Extension of Marasco’s 33-Year Legacy

This Advisors’ Board is a natural evolution of Marasco Marine Ltd’s enduring mission—since 1991—to protect and uplift independent, family-run shipping firms, which have long been the engine room of Greek maritime power.

The committee operates at the heart of Marasco’s Risk Prevention Culture, helping shipowners:

• Identify technical vulnerabilities before they result in claims
• Advise on compliance and operational gaps
• Support documentation, legal handling, and faster settlements when claims do arise
• Secure premium savings through improved technical and claims profiles

What It Means for the Small & Medium Owner

By integrating the Board’s advisory services into its core offering, Marasco has empowered small fleet operators to:

• Lower insurance costs significantly
• Avoid costly disputes and delays
• Gain strategic leverage with underwriters
• Operate with confidence in a fiercely competitive global freight market

And all this comes with the assurance of ongoing support, swift response, and an unshakeable sense of partnership.

Mr. Maraslis' Vision in Action

For Mr. Anastasios Maraslis, the formation of the Advisors’ Board was not just strategic—it was deeply personal. He has always believed that “small shipowners are not small in impact.” And through this initiative, that belief has been turned into a structured, proven service.

Over the last six years, the Advisors’ Board has quietly, efficiently, and consistently delivered value—solidifying Marasco’s role as not just a broker, but a true ally and problem-solver.

Conclusion: An Asset That Pays for Itself

In an age where maritime risk is intensifying and freight markets fluctuate wildly, Marasco Marine Ltd’s Advisors’ Board continues to prove its value—day after day, claim after claim, client after client.

With more than three decades of trust and a deeply embedded Risk Prevention Culture, Marasco delivers not just protection—but perspective, partnership, and performance.

* Marasco Marine Ltd, was founded in 1991, by Mr Anastasios Maraslis. Marasco is specialising in Managing Marine Risks and Risk Prevention Planning, serving the last 33 years, Ship Owners, Ship Managers and Ship Operators, with his experienced marine/ claims insurance team and the company’s Board of Advisors, Internationally Acknowledged. More about Marasco Marine at: www.marasco-marine.com

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The Union of Greek Shipowners (UGS) successfully organized, as part of the ESS, the event titled Shipping anchors the EU’s Future on Wednesday, March 19 at the Royal Museum of Fine Arts in Brussels. The convention highlighted the vital role of shipping in safeguarding Europe’s security & prosperity with the participation of Ioannis Vrailas, Ambassador of the Permanent Representative of Greece to the EU, Melina Travlos, UGS President, Charles Michel, President Emeritus of the EC, former Prime Minister of Belgium, Minister of State, as well as of Faig Abbasov, Shipping Director at T&E, Dimitrios Fafalios, UGS Secretary, Polona Gregorin, Head of Unit for Mobility, DG CLIMA, EC.
UGS also held significant meetings with EU’s officials. The President and members of the BoD, Dimitris Fafalios, Marily Fragkista, Ioanna Procopiou & Vassilis Papagiannopoulos, met with Apostolos Tzitzikostas, EU Commissioner for Sustainable Transport & Tourism, & Oliver Röpke, President of the European Economic & Social Committee.

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The CEO of Andriaki Shipping, Panagiota Chrysanthi, assumed the role of Chairman of the Intertanko Environmental Committee (EnvCom), succeeding the outgoing Chair, Mr. Ole Christian Schroder.

During the meeting Biosecurity, Waste Management, and Sustainability were at the forefront of the agenda.

Biosecurity: The Ballast Water Convention review is ongoing with a 2026 target. Key discussions focus on harmonizing BWMS outputs and training programs. Biofouling legislation is evolving with the 2023 Biofouling Guidelines and 2025 in-water cleaning guidelines.

Waste Management: The Committee reviewed both onboard and shore-managed waste systems, emphasizing the importance of the Integrated Bilge Treatment System (IBTS) Guidelines. The INTERTANKO PRF survey was highlighted, encouraging members to report port inadequacies to their flag authorities.

Sustainability: The EnvCom and InsCom are advancing ESG reporting focusing on EU’s Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). Key projects include underwater radiated noise, the Environmental Performance Monitoring Database, Biodiversity Beyond National Jurisdiction, and aligning with the Chemical Tanker Committee on the INTERTANKO Tank Washing Strategy.

The path to a more sustainable and environmentally responsible maritime industry is being paved, ensuring long-term resilience and compliance with global standards.

As the company stated: “At Andriaki Shipping, sustainability is at the core of our operations, driving innovation and guiding our growth. Our collaboration with organizations like INTERTANKO, who share our objectives, strengthens our commitments”.

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Capital Gas Ship Management Corp. has completed the registration process of the LNG/C 'Asklipios’ ('ΑΣΚΛΗΠΙΟΣ') to the Greek registry. LNG/C 'Asklipios' is now sailing around the world flying the Greek flag.

The LNG/C 'Asklipios' is a 81,451 dwt, eco-type LNG carrier, built in 2021 by Hyundai Heavy Industries, in S.Korea. With a cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF engines and equipped with the latest available technologies, including an air lubrication system and increased filling limits (excess 99%).

The change of flag on the 'Asklipios' took place at the port of Milford Haven (South Hook LNG Terminal), in the United Kingdom (UK), in the presence of the Maritime Attaché of London, Captain of the Hellenic Coast Guard, Ms. Aikaterini Stamou.

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Thenamaris has named its fourth 114,000 dwt Aframax product tanker built by Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS), part of China State Shipbuilding Corporation (CSSC).

The vessel named “Seadancer” is 249.95 meters long and 44 meters wide and scheduled for delivery in September 2025. As understood, Seadancer belongs to the latest generation of Aframax tankers independently developed and designed by SWS.

The vessel is also equipped with scrubbers and features technological improvements, such as energy-saving ducts, an optimized main engine, hydrodynamic performance optimization, and vortex fins, which are said to improve a ship’s fuel efficiency by minimizing resistance and optimizing water flow around the hull and propeller.

Owing to these energy efficiency measures, the newbuild is said to already meet the International Maritime Organization’s (IMO) Phase 3 requirements for 2025. The Chinese shipyard has already delivered two Aframax newbuildings to Thenamaris since the beginning of the year.

Namely, in January, SWS rolled the red carpet for the 114,000 dwt long-range 2 (LR2) tanker Seascout, the 250-meter-long ship which is also NOx III-compliant as well as in line with the third phase of EEDI.

Another newbuild product tanker, named Isabella, was unveiled on February 24, 2025. The Malta-flagged tanker measures 250 meters in length and features a beam of 44 meters. Its cargo tank capacity is estimated at 130,000 cbm.

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