On Monday, January 27th, The Propeller Club Port of Piraeus held its traditional Pitta-cutting event, at the Grand Ballroom of the Hotel Grande Bretagne, where they had the pleasure of welcoming 400 Members and friends of the Club. The vasilopita was blessed by His Grace, Bishop of Salona, Mr. Ignatios.

The evening’s highlights included a heartfelt recognition of the nine past Presidents, in honour of their invaluable contributions, along with a special award of recognition presented to Daisy Andrianopoulou, Head of Protocol Office, in appreciation of her remarkable 39 years of service at the American Embassy and her long and exceptional cooperation with the Club.

The students of Pierce College added a wonderful energy to the evening with their vibrant performances of traditional Greek dances.

The event held special meaning to the Club, as this year marks the 90th anniversary of our continuous presence and impact to the shipping industry and Greek society.

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Dynamic Group of Companies, a pioneer in repair and maintenance services for maritime and heavy industries, has partnered with the Green Award Foundation as an official incentive provider. This strategic collaboration reflects Dynamic's continued commitment to supporting excellence and sustainability in the maritime industry.

Dynamic Group of Companies has a legacy spanning over 35 years, built on professionalism, superior quality of work, and transparency. Known for pioneering industry standards, Dynamic provides a comprehensive portfolio of services, including ship repairs, shipbuilding, industrial scaffolding, and turnkey solutions, earning the trust of clients worldwide.

As an incentive provider, Dynamic Group of Companies will offer significant discounts to Green Award certified vessels across various services, including:

• Dynamic General Ship Repairs & Shipbuilding (Greece) – 17% discount
• Dynamic General Ship Repairs & Shipbuilding (Europe) – 15% discount
• Dynamic UHPWJ and Painting Works (Greece & Europe) – 12% discount
• Dynamic Scaffolding Works (Greece & Europe) – 16% discount
• Dynamic Cleaning Works (Greece & Europe) – 17% discount
• Dynamic Turnkey Solutions for Ship Repairs (Greece & Europe) – 14% discount

Capt. Dimitrios Mattheou, Chairman of Green Award Foundation, shares “I am delighted to see the inclusion of Dynamic Group of Companies in the Green Award program. Our mission is to advance ESG and sustainable development practices within the industry and by partnering with organizations like Dynamic, we foster a stronger network of environmentally conscious and responsible shipping stakeholders.

“Joining the Green Award Foundation as an incentive provider demonstrates our unwavering commitment to sustainable practices and industry leadership” said Capt. Yannis Nikolitsis, Chief Executive Officer of Dynamic Group of Companies. “This partnership enables us to further support Green Award-certified vessels and contribute to the broader movement toward environmental responsibility and operational efficiency.”

Jan Fransen, Executive Director of Green Award Foundation also expresses that “proper maintenance of vessels is crucial to all aspect of operations. It positively affects environmental performance, increases reliability and enhances safe opera

tions resulting in more efficient throughput of cargoes in the logistic chain.”

About Dynamic Group of Companies

Dynamic Group of Companies is a trusted provider of marine and industrial services, with a proven track record of over 35 years in the maritime and heavy industries. Based in Greece, the company has established itself as a leader in ship repairs, shipbuilding, and industrial services, known for its high-quality workmanship, integrity, and commitment to customer satisfaction. With operations across Greece and Europe, Dynamic continues to set new industry standards while maintaining a focus on innovation and professionalism.

About Green Award Foundation

For over 30 years, Green Award Foundation has been dedicated to promoting sustainable and safe shipping. It works with seagoing ship operators, inland navigation operators, ports, governments, suppliers and service providers on a non-profit basis. Green Award's programme includes standard setting, audit/inspections, certification and rewards. Over 200 parties provide financial incentives / discounts to ships with a Green Award certificate. The Foundation started in 1994 for seagoing vessels and in 2011 opened to inland shipping. The organisation is governed by an independent board of respected industry professionals. Its operations align with 13 United Nations' Sustainable Development Goals (UN SDGs) and support Environmental, Societal and Governance (ESG) policies on around 60 shipping related topics globally.

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This year’s Induction Ceremony for the The Greek Shipping Hall of Fame will take place on the evening of Monday 12 May 2025 at Megaron, The Athens Concert Hall.   

Greek shipping’s most prestigious annual dinner event is again expected to attract a capacity audience of more than 550 guests.  Leading personalities of the Greek shipping world and their international partners can look forward to an exceptional evening celebrating the industry’s leadership, history, and culture. 

Caroline Lowry, Director of Phoebe Media & Events Ltd, the exclusive event organiser, comments: “This year’s Induction Ceremony & Dinner reaches a special milestone as it will be the Greek Shipping Hall of Fame’s 10th consecutive annual induction ceremony in Athens!  We look forward to welcoming event sponsors and their guests on this very special occasion to honour many of Greek shipping’s most historic personalities and to unveil the latest Inductees to the Hall of Fame – the 2024 Inductees.”

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

The Greek Shipping Hall of Fame thanks event sponsors confirmed so far:  

ABS, IRI/The Marshall Islands Registry and Shanghai Waigaoqiao Shipbuilding Co. as Co-Lead Sponsors of the Induction Ceremony & Dinner 2025. 

Christopher J. Wiernicki, ABS Chairman and CEO comments: “The characteristics of the Greek shipping industry – resilience, innovation and entrepreneurial genius – are the very same characteristics exhibited by the members of the Hall of Fame. And so, this celebration of their achievements is a celebration of the entire industry and its remarkable story of success in the face of adversity. As a long-standing partner to Greek shipping, ABS is proud to honour these visionaries and by extension the entire industry.”

Theo Xenakoudis, Director Worldwide Business Operations and Managing Director Greece, International Registries Inc. comments: “International Registries, Inc. (IRI) and the Marshall Islands Registry are proud to continue our support of the Greek Shipping Hall of Fame for an eighth year. We look forward to recognising the profound impact this year’s honourees have left on the world-leading Greek fleet.” 

Wang Qi, Chairman of Shanghai Waigaoqiao Shipbuilding, comments: “SWS takes immense pride in its deep-rooted and enduring partnership with the Greek shipping industry. 2024 marked a significant milestone for SWS, as we achieved 100 million dwt of vessels delivered in the past 25 years. Our vessels, built for Greek shipowners, have contributed to the global maritime community, enhancing the fleet’s diversity and integration. As we continue our journey, we are honoured to extend our support to the Greek Shipping Hall of Fame as a Co Lead Sponsor once again. We draw continuous inspiration from the ambition and drive demonstrated by the Inductees, and we eagerly anticipate joining our Hellenic friends in May to celebrate this truly unique event.”

Premium Sponsors confirmed to date are Ascenz Marorka, Cayman Islands Shipping Registry, Citi Private Bank, Moore Greece, OceanScore, Optima Shipping Services and PPG.    

Standard sponsors so far include, China Classification Society, Columbia Shipmanagement, EDIT Automation, Franman, Isle of Man Ship Registry, KPMG, Kyvernitis Travel, Lloyd’s Register, Marichem Marigases Worldwide, Marine Support, Monjasa, Polygreen and SiriusPoint.

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The Greek Shipping Hall of Fame resides at www.greekshippinghalloffame.org

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The President of the Republic of Panama José Raúl Mulino made the below statement stating the official position of the Republic of Panama regarding the recent remarks concerning the Panama Canal.

“On behalf of the Republic of Panama and its people, I must categorically reject the remarks made by President Donald Trump regarding Panama and its Canal during his inaugural address. I reiterate what I expressed in my address to the nation on December 22: the Canal is and will continue to be Panama’s, and its administration will remain under Panamanian control, respecting its permanent neutrality. There is no presence of a foreign nation that interferes with our administration.

The Canal was not a concession from anyone. It is the result of generational struggles that culminated in 1999 through the Torrijos-Carter Treaty. For the past 25 uninterrupted years, we have administered and expanded it responsibly to serve the world and its commerce, including the United States.

We will exercise our rights underpinned by the legal foundation of the Treaty, the dignity that sets us apart, and the strength granted to us by International Law as the ideal framework for managing relations between nations—especially allied and friendly nations, as demonstrated by history and our interactions with the United States. Dialogue is always the path to clarify the aforementioned points without undermining our rights, our total sovereignty, and ownership of our Canal”.

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CCS set up an office in Piraeus the same year in 1999 when XRTC Business Consultants was established.

The managing director of CCS in Piraeus Wang Baochun said that CCS is the number 5 greatest classification society in the world with 200 m gross tonnage in its class.

In Greece has a strong market share providing quality classification and certification services to Greek Shipping companies.

The event honored with its presence Ambassador of People’s Republic of China Mr Fang Qiu and Mr George Alexandratos new president of the Hellenic Shipping Chamber.

In his address Mr George Xiradakis managing director of XRTC told that China is the number 1 trading nation as the 2/3 of the world’s container trade is transported by Chinese ports.

Chinese leads also in financing, shipbuilding and crew sectors.

In view of the above developments XRTC has established strong partnerships with Chinese financial institutions for almost two decades providing a platform of supporting the Greek shipping with reliable funding and first class financial services.

The ambassador in his speech expressed his appreciation to the Greek shipping community for its achievements and aspirations.

China and Greece share similar philosophy and mindset. He also congratulated Greece the economic recovery of the last years and reaffirmed the China will continue to support the mutual strategic cooperation with Greece.

This cooperation has flourished in all business sectors including shipping and financial services.

China also promotes the growth of green energy and works for the stability of global trade. It must be also noticed that the year of snake in China symbolizes the values of Wisdom resilience and luck.

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Following his father Spyros tradition, George Alexandratos was elected as the new president of the Hellenic Chamber of Shipping (HCC), during the meeting of the HCC board of directors and following the resignation, for personal reasons, of Dr. George Pateras.

George Gabriel was elected as vice president, while Antonia Loudarou became a new member of the board of directors.

George Zafeiroudis is a new member of the board of directors in the first category of ships.

George Sp. Alexandratos was born in Athens in 1973. He had studied at Moraitis School and graduated with a Bsc in shipping business from Plymouth University and Msc in Maritime Policy from Cardiff University. He is the director of Apollonia Lines SA which was founded in 1974 from his father Spyros who unfortunately passed away in September 2004 and that time his father apart being the founder of Apollonia Lines was also the president of the Hellenic Chamber of Shipping. In 2013 he established together with co-partners the shipping fund called Blue water Maritime Capital targeting to invest in dry bulk shipping.

George Alexandratos is General Secretariat of Hellenic ShortSea Shipowners Association since February 2012 whilst during the period from Feb 2009-2012 he was the second vice president. Also he is in the bod at Korea registry and president of the Piraeus Marine Club. Since February 2014 he is the President of the Hellenic Hull Mutual

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Capital Group and FORCE Technology proceeded to a partnership to create Europe’s first Extended Reality (XR) Full Mission Bridge simulator. This groundbreaking initiative represents a major advancement in maritime training, combining cutting-edge technology with decades of expertise. The simulator will be housed at Capital Group’s state-of-the-art training facility at the port of Chios Island, Greece, which is slated to open in 2025. Designed to enhance seafarers’ skills, this modern center of excellence reinforces Capital Group’s dedication to innovation, sustainability, and maritime leadership.

“This project underscores our steadfast dedication to driving innovation and excellence in maritime training, with a strong focus on safe and sustainable operations,” said Panagiotis Drosos, Chief Operations Officer of Capital Ship Management Corp. “By embracing cutting- edge XR technology, we are empowering our seafarers to meet the dynamic challenges of the maritime industry, while reinforcing Greece’s position as a leader on the global maritime stage.”

Leveraging over 50 years of FORCE Technology’s expertise in simulation systems, the training equipment incorporates advanced XR headsets with features like eye tracking to deliver focused, efficient, and highly realistic training.

“Our new SimFlex simulator sets a new benchmark for operational training,” said Stelios Koukouvios, Global Business Development Manager at FORCE Technology. “By embedding real vessel equipment into a virtual bridge environment, we provide an unmatched experience of precision and immersion. This technology also enables global teams to train together in shared scenarios, unlocking exciting possibilities for collaboration.”

The system’s design features a fully green-screened environment, integrating real bridge equipment supplied by FURUNO Hellas S.A —such as the latest models of ECDIS (FMD- 3005), Autopilot (FAP-3000) and Chart Radar systems (FAR-3xx5) —with a high-fidelity virtual landscape. This seamless integration creates a realistic and immersive training experience.

In addition to its technical innovations, the XR simulator minimizes environmental impact by reducing energy consumption and the need for travel. It offers flexible remote training options, thus reshaping maritime training and aligning technological innovation with sustainability and global connectivity.

About Capital Ship Management Corp.

Capital Ship Management Corp. is currently operating a fleet of 36 tankers (13 VLCCs, 10 Aframaxes, 7 MR/Handy product tankers) with a total dwt of 6.44 million tons approx. Capital has extensive experience in managing various vessel types and sizes including all tanker segments (VLCC, Suezmax, Aframax/LR2, Panamax/LR1, MR/Handy, and small tankers), dry bulk segments (Cape, Panamax, Handymax and Handy), as well as OBOs and containers. It is affiliated with Capital Group which currently controls 142 vessels, including 20 LNG Carriers, 2 VLACs/VLGCs, 8 MGCs, 4 LCO2 Carriers, 37 Tankers, 20 PSVs, 12 Bulk Carriers, and 39 Containers with a total dwt of 13.2 million tons. The Capital Group fleet under management includes vessels of Nasdaq- listed Capital Clean Energy Carriers Corp.

About FORCE Technology

FORCE Technology helps companies become technological and sustainable frontrunners for the benefit of society. FORCE Technology is a technology consultancy and service company that strives to create positive technological change and make the world more sustainable and safer. As a Research and Technology organization, 100% of FORCE Technology profits are reinvested in the company for the benefit of society. Each year, thousands of customers entrust us with their products, materials, structures, largest potentials, or worst challenges since we create security and value based on impartiality, confidentiality, and knowledge.

About FURUNO ELECTRIC Co.

With its HQ based in Japan, established in 1948, Furuno became synonymous with top quality products for professional marine electronics, used by thousands of seafarers, ensuring safe, secure, and comfortable navigation at sea. Thanks to its Global Service Network which includes 38x own subsidiaries, Furuno provides unmatched pre & after sales support, focusing on a pure customer centric approach, resulting in 257xNMEA Awards and being included in the “100Global Niche Top Companies selection”. Furuno is always at the forefront to deliver scalable, best-in-class training solutions, by meeting current and forecoming challenges through its own resources and synergies with 3rd parties to deliver Value to the end customers.

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Destination sustainability, New Marquee Ports and Over-Tourism top cruise agenda

The 8th Posidonia Sea Tourism Forum (PSTF) will be held on May 6-7, 2025, in Heraklion, Crete, one of Greece's most renowned tourism and cruise destinations.

This year’s theme, ‘The Med: A Compelling Need for New Marquee Ports and Destinations,’ highlights the urgent need for innovation and sustainability in cruise tourism. As Mediterranean cruise tourism continues its resurgence, industry leaders will gather to discuss opportunities and challenges facing the sector, with a particular focus on managing overcrowding and promoting emerging destinations.

In 2023, cruising returned to pre-pandemic year-round operations and generated a total global economic impact of $168.6 billion, an increase of 9% from 2019. A total of 31.7 million passengers cruised in 2023, marking a 7% increase from 2019’s 29.7 million passengers. The number of cruise passengers is estimated to have reached 32 million in 2024 and rise steadily in subsequent years, with an estimated 39.4 million passengers by 2027.

But cruising has recently come under intense scrutiny as an over-crowding factor in some of the Mediterranean’s most popular ports. Although many of these destinations, like Barcelona, Palma de Mallorca, Amsterdam and Santorini are already overwhelmed by conventional tourism, cruising is taking much of the blame.

“Overtourism in a number of cities and destinations throughout the Mediterranean is a reality that the industry needs to address,” said Theodore Vokos, Managing Director of Posidonia Exhibitions S.A. “This year’s focus on new marquee ports and sustainability is more relevant than ever, as the Mediterranean continues to be one of the most dynamic and desirable cruise regions globally.”

He added: “The cruise industry must reconsider its strategies for deployment, itinerary planning, and destination selection to help achieve a more sustainable balance. As the tourism sector with the highest scheduling flexibility, cruising has a unique opportunity to leverage the growing number of emerging port options within accessible distances, particularly in the Eastern Mediterranean.”

The President of MedCruise, Theodora Riga, who will be present in Crete, commented: “The industry is growing and as a result it is facing new challenges, which need to be addressed at an early stage. Mediterranean ports are an essential part of the industry and we strive to assure that increased cruise traffic is benefitting both the destination and the cruise industry, in a sustainable way. MedCruise intends to continue working with fellow associations representing cruise lines, ports, and destinations, as well as policy-makers, to lead initiatives in the sustainable growth of cruise activities in the Mediterranean and adjoining seas. The Posidonia Sea Tourism Forum will offer all stakeholders the opportunity to get together and explore solutions to these new challenges.”

The Forum that will be held at the Mikis Theodorakis Convention Center and feature insights from industry experts, including executives from CLIA, MedCruise, and leading cruise lines.

Other topics that will be discussed during the event include:

• Adoption of green practices and solutions to address environmental challenges.
• Tourism innovation in the areas of marketing, guest satisfaction, and immersive experiences.
• Infrastructure through the showcasing of new port investments and effective berth allocation systems.

“With its rich cultural heritage, excellent hospitality infrastructure, unique tourism offerings, and a thriving port, Heraklion is the ideal location to host this pivotal industry event.

Highlighting the capabilities of Heraklion Port and the significance of Crete as a cruise destination, Minas Papadakis, CEO of Heraklion Port Authority, stated: “Heraklion Port is undergoing substantial investments in infrastructure and services to meet the growing demands of the cruise industry. With state-of-the-art facilities, expanded berth capacity, and a strong commitment to sustainability, we are well-positioned to accommodate increased cruise activity.”

“It is important to emphasize that many destinations, including Crete, possess the capacity to support additional cruise operations and homeporting. The opening of the new International Airport in 2027 is expected to further enhance this potential by facilitating homeporting opportunities in Heraklion. While overtourism is a valid concern for certain destinations, it should not overshadow the conversation, as there are numerous locations capable of serving as viable alternatives. Sustainability has always been a core objective of Crete’s tourism strategy, and we look forward to engaging with industry stakeholders in May to explore solutions to the challenges currently facing the cruise sector”, he continued.

The total economic benefit of cruise tourism in Heraklion and the surrounding area during the period from May 2023 to May 2024 amounted to €60.2 million and supported 521 jobs.

The Forum will also feature a bustling exhibition floor, offering destinations and stakeholders the opportunity to connect with itinerary planners, showcase infrastructure projects, and strengthen industry partnerships. It will underscore the importance of collaboration among cruise executives, destination managers, and service providers to ensure a sustainable and prosperous future for Mediterranean cruise tourism.

Sponsors for the 2025 PSTF include: Diamond sponsor Heraklion Port Authority, Gold sponsor ODAP (Hellenic Organisation of Cultural Resources Development), Silver Sponsor Piraeus Port Authority, Bronze sponsors Celestyal, Heraklion International Airport and  Kyvernitis Travel Group, Sponsor Thessaloniki Port Authority, Official Airline SKYexpress, and is organized under the auspices of the Ministry of Maritime Affairs & Insular Policy and the Ministry of Tourism, and is supported by the Hellenic Chamber of Shipping, the Cruise Lines International Association (CLIA), the Association of Mediterranean Cruise Ports (MedCruise) and the Union of Cruise Ship Owners & Associated Members of Greece.

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Danica Crewing Specialists established an in-person presence in Athens, strengthening its representation in Greece.

Seasoned crewing expert Dimitris Liolios has taken office as Danica’s representative in Athens to provide direct contact for Greek ship owners.

Dimitris is the Director and Partner of Danica’s manning office in the Philippines. He has extensive experience of the recruitment and management of seafarers. Dimitris began his shipping career in the commercial sector before moving into marine HR. He has more than 30 years’ shipping experience and has built his expertise in ship and crew management companies.

Raised in Melbourne, Dmitris has lived and worked in several culturally diverse cities including Singapore and Manila, as well as Athens. He is a well-qualified professional with an MBA from Henley Business School.

Greece is an important shipping centre with a large requirement for competent seafarers, and Danica places a great importance on the Greek marketplace and its clients there.

Danica Crewing Specialists CEO Henrik Jensen said: “I am excited to welcome Dimitris Liolios to our team. His appointment in Athens underscores Danica’s commitment to Greek ship owners, linking them to our unique combination of local presences and owned offices in the seafaring hubs of The Philippines, India, Ukraine and Georgia.”

Danica is expanding in all the key seafarer hubs as well as streamlining its recruitment processes using the latest technology. Mr Jensen pointed out: “Our innovative digital solutions are assisting our owners to overcome competition for the best seafarer talent. Danica is at the forefront of global crewing. Using new digital tools, including AI, enables us to make our recruitment process more friendly and faster for the seafarers.”
Danica’s latest advancement is to offer vacancies directly into the WhatsApp accounts of the more than 65K seafarers in its list. Mr Jensen explained: “This instantly gives us potential candidates, enabling us to cover our clients’ vacancies fast while also offering a wider choice of candidates.”

image 1 : Dimitris Liolios has taken office as Danica’s representative in Athens

image 2: Danica Crewing Specialists CEO Henrik Jensen 

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The new MERC publication highlights the importance of fleet efficiency in achieving IMO Mid-Term GHG reduction targets.

Efficiency measures must be applied to the existing fleet to meet IMO Mid-Term GHG reduction measures, says a new publication from the Maritime Emissions Reduction Centre (MERC). By enhancing efficiency, the maritime industry can reduce the amount of alternative low-GHG fuels required, thereby lowering the overall cost of the energy transition, outlines the report. 

The “IMO Mid-Term GHG Reduction Measures as a Driver for Efficiency” publication delves into the challenges and opportunities presented by the IMO's mid-term measures. These measures, expected to be approved in April 2025 and enter into force in 2027, include an economic element such as a GHG pricing mechanism and a goal-based fuel standard regulating the phased reduction of marine fuel's GHG intensity. 

However, most new low-carbon fuels are not suitable for existing vessels and the maritime industry will compete with other sectors for suitable drop-in fuels. Therefore, improving efficiency in the existing fleet is critical to reducing GHG emissions while continuing to support global trade.  

The introduction of economic elements, such as GHG pricing, will incentivise investments in technologies that reduce both energy use and emissions, driving improvements in shipping efficiency.  

Stelios Korkodilos, Director of the MERC, said: “While alternative fuels will play a vital role in shipping's decarbonisation journey, efficiency improvements will be critical for the existing fleet. Most new low-carbon fuels aren't suitable for existing vessels, and the maritime sector will compete with aviation and road transport for limited supplies of drop-in alternatives.

“MERC will work with all industry stakeholders to overcome the technical, financial, and commercial barriers that hinder the uptake of solutions for the existing fleet and support shipping's transition to a low-GHG future.” 

This is the first publication from the Athens-based MERC, a non-profit organisation created by Lloyd Register’s Maritime Decarbonisation Hub in collaboration with five leading Greek shipowners - Capital Group, Navios Maritime Partners, Neda Maritime Agency, Star Bulk and Thenamaris. 

It was founded to fill a gap in the maritime industry’s approach to decarbonisation. While there are numerous initiatives focused on the future of maritime energy, particularly in the development of alternative fuels, there is a need for a dedicated effort to address the immediate challenges faced by the existing fleet, using conventional fuels, and support it to reduce GHG emissions. MERC will use its applied research and innovation to remove uncertainties and barriers, enabling the uptake of technologies and solutions today.  

The report is now available for download at: https://www.m-erc.org/our-publications 

About Lloyd’s Register

Trusted maritime advisers, partnering with clients to drive performance across the ocean economy.

Lloyd’s Register (LR) is a global professional services group specialising in marine engineering and technology. With a heritage going back more than 260 years to the establishment of the world’s first marine classification society, LR is dedicated to setting and improving standards for the safety of ships.

Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.

We also provide advice, support and solutions on fleet performance, fleet optimisation and voyage optimisation, enhancing our clients’ digital capabilities. Our digital solutions are relied upon by more than 20,000 vessels.

In the race to zero emissions, our research, technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.

Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education. 

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