Lloyd’s Register Group (LR), a global provider of maritime professional services and digital solutions acquired Ocean Technologies Group (OTG), a leading trusted provider of human capital management and operational software dedicated to the global maritime industry, from European private equity firm Oakley Capital. 

This follows the acquisition of OneOcean (OO) in 2022, and the purchase of a 50 per cent stake alongside the International Chamber of Shipping (ICS) in ISF Watchkeeper in 2023. 

By combining with LR OneOcean and OTG, LR is now poised to deliver unparallelled value, enhanced safety and drive sustainable growth for clients and the sector as a whole. 

OTG provides critical training, compliance, operational and HR software to more than 1,000 shipowners and operators and more than one million seafarers around the world. This acquisition means that LR will now be able to offer these solutions across a combined fleet of over 30,000 vessels across the globe.

Nick Brown, CEO of Lloyd’s Register, said: “We are delighted to have completed the acquisition of Ocean Technologies Group. With OTG now part of LR and combined with LR OneOcean, we are uniquely positioned to lead the way in maritime digitalisation and decarbonisation as a trusted partner. 

“Our combined expertise enhances our ability to meet the evolving needs of an industry in energy transition and to drive innovation. 

“The merger allows us to offer an unmatched suite of digital solutions that integrate human capital management (HCM) and operational software. 

“Clients will benefit from a one-stop solution, streamlining their operations and improving efficiency.” 

Thomas Zanzinger, CEO of OTG, said: “Becoming a part of Lloyd’s Register rapidly expands our capabilities within an organisation that aligns perfectly with our mission, vision and values as we support our industry towards a digital and sustainable future.  

“Our leadership team, drawn from LR OO and OTG is dedicated to ensuring a seamless integration process that prioritises client satisfaction and agile innovation.” 

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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The Ulysses Web-based Maritime Applications Development Platform reduces the time to release new software improvements by multiples and allows for the easy incremental extension of an enterprise system's data model.

Ulysses Systems Software Development Technology

Unique among software development platforms, Ulysses' patented application development platform allows for the incremental extension of an enterprise system's data model through attributes, without incurring the extensive labor, time, and design complexity typically associated with changes in traditional relational databases.

The Ulysses application development platform treats attributes as independent entities that can be added as needed and which store information relevant to their specific context. In contrast to conventional platforms, which require modifying the existing data model structure to add new attributes, typically as new fields.

Extending the data model is as simple as adding an attribute to the platform and defining its relevant context. Moreover, analyzing and understanding complex systems becomes easier, as each unit of the system’s business logic is directly tied to the attributes it utilizes and the information they carry.

With Ulysses platform development technology, an enterprise system is assembled using business logic units and their associated attributes, where each unit triggers the next based on attribute values, operational context, and specific trigger conditions.

This modular approach not only simplifies system understanding but also allows for incremental code updates by minimizing changes to other units, reducing regression testing time, and ultimately shortening the release cycle when new business logic is introduced to the enterprise system.

A new paradigm for software development

Adding attributes easily is a new paradigm to software development and eliminates the need for delays to these improvements, eliminates the need for customizations and prolongs the useful life of enterprise software.  This capability is uniquely suited to maritime software where highly paid senior staff use the software and software familiarity and maturity are of the highest importance.

About Ulysses Systems

Ulysses Systems is a Maritime Software specialist dedicated to replacing information technology complexity and elevating usability. Its award-winning Task Assistant® Software enables office and seagoing personnel to work intuitively and efficiently with minimal training and just-in-time information. Managers should expect a fast return on total software lifecycle cost thanks to mature process optimization, bridging of information gaps and refined integration technologies. Currently Ulysses Systems is pioneering fast development of new annexes to existing software, including monitoring underlying systems for cybersecurity compliance.

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The French-Hellenic Chamber of Commerce & Industry CCI France Grèce is organizing the 3rd Forum of its Maritime Committee, chaired by Mr. Philippe Louis-Dreyfus, on December 4th, 2024, at the Intercontinental Athenaeum Hotel in Athens, from 14:00 to 19:00, entitled:

" Towards greener shipping: a reality check "

The conference aims to bring together key stakeholders in the maritime industry, including shipbuilders and shipowners, to engage in constructive dialogue on the transition towards more sustainable shipping practices.

The conference will focus on two key areas in the form of round tables:

◾ Towards greener shipping, the voice of shipbuilders and shipowners.
◾ New fuels, from sweet dreams to hard reality.

The forum will host prominent speakers and key representatives from the Greek and French maritime sectors.

Kindly refer to the agenda below for event details.

AGENDA

ELNAVI’s co-publisher Stefanos Papandreou exclusively reports from Hong Kong
 
The annual highlight of the Hong Kong maritime and port industry, Hong Kong Maritime Week 2024 (HKMW 2024), held its grand opening ceremony on November 18th. Riding on the theme "Navigating to a Greener Future" and featuring the tagline "Propel Hong Kong", HKMW 2024 is showcasing the strong commitment of Hong Kong's maritime industry in sailing towards sustainable shipping and consolidating Hong Kong's status as an international maritime centre.

Speaking at the opening ceremony, the Acting Chief Executive, Mr. Chan Kwok-ki, said, "Sustainability - transforming Hong Kong into a green maritime centre - is at the heart of our policy priorities." He also mentioned that the Government had just promulgated the Action Plan on Green Maritime Fuel Bunkering, which includes the development of essential infrastructure, encourages ports to reduce carbon emissions as well as provides incentives for using green maritime fuels. In order to underpin the aspiration of transforming Hong Kong into a green maritime fuel bunkering centre, the Action Plan also underscores collaboration with ports in the Greater Bay Area, as well as collaboration with other ports in the development of a green shipping corridor.

The Chairman of the Hong Kong Maritime and Port Board (HKMPB) and the Secretary for Transport and Logistics Mr. Lam Sai-hung, followed with a speech. He said, "The global maritime sector is undergoing profound transformation in recent years, driven by digitalisation, decarbonisation, geopolitical and trade dynamics. The global maritime community is responding flexibly and effectively to the forces of change." He added that enhancing Hong Kong's role as a maritime "super-connector" has always been the Government's priority, and this is one of the purposes of HKMW.

The programme of HKMW this year has seen even stronger connections with the international community, with the International Chamber of Shipping staging a two-day Global Maritime Trade Summit for the first time in Hong Kong. Government officials from around the world are expected to gather in Hong Kong to conduct dialogues on issues affecting the international maritime community.

The Secretary-General of the International Maritime Organization (IMO), Mr Arsenio Antonio Domínguez Velasco, emphasised in his recorded speech that the maritime sector is navigating to a greener future. He highlighted that maritime decarbonisation requires a collective effort, and must be inclusive and support developing countries. The transition to decarbonisation should facilitate technology trials to advance maritime decarbonisation, while the use of digital tools should also be supported to optimise operations, reduce fuel consumption, and monitor emissions in real time.

The opening ceremony was followed by the World Maritime Merchants Forum (WMMF) 2024 Main Forum which is one of the anchor events under HKMW 2024. With the theme "Navigating the Cycles", this forum aims to focus on the new opportunities and challenges faced by the maritime industry amid the changes in the global economy and trade and transportation.

The Asian Logistics, Maritime and Aviation Conference (ALMAC) 2024, another anchor event under HKMW 2024, also commenced on the same day. With a thematic focus on "Shaping the Future of Supply Chains: Resilience and Sustainability", this two-day conference brings together stakeholders along the supply chain, including aviation, maritime and logistics service providers and shippers from around the world, to exchange market intelligence and explore global business opportunities.

Apart from the WMMF and ALMAC, the Hong Kong Global Maritime Trade Summit for industry leaders and policymakers worldwide concluded. Participants engaged in discussions on global trade and shipping issues, and exploring innovative solutions to address the most pressing challenges facing the maritime industry. The IMO will also host a forum on November 22 titled From Waste to Wealth: Unlocking Investment Opportunities in Ship Recycling, focusing on the sustainable recycling of ships and related prospects.
In addition, the world’s first intelligent research and training dual-purpose ship, Xin Hong Zhuan, will also make a debut visit to Hong Kong. Due to an overwhelming response to the Xin Hong Zhuan vessel tour, the registration quota is full. A video clip will later be published on the Facebook pages of the Transport and Logistics Bureau (TLB) and the HKMPB so that members of the public will have a better understanding of the developments of intelligent shipping and the nurturing of maritime talent.
HKMW 2024 runs for seven days. Over 50 industry and public events will be hosted by more than 80 local, Mainland and international marine organisations, attracting the participation of about 14,500 industry professionals from around the world. Entering its eighth edition this year, HKMW is organised by the HKMPB and co-organised by the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, and continues to receive support from partners such as the Hong Kong Trade Development Council and Invest Hong Kong.
 
An exclusive Special report will be featured in ELNAVI December 2024 edition.

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The influence of Greek shipping in the global maritime community through initiatives in decarbonisation, overcoming challenges and the development of its shipbuilding and ship repairing industry was reiterated during the Greener Shipping Summit, organised by Newsfront / Naftiliaki under the auspices of the Marine Technical Managers Association (Martecma), at the Eugenides Foundation, in Athens, November 12.
In all some 32 panelists addressed the more than 500 delegates from 11 countries and 342 companies who spent the day discussing the challenges and opportunities facing the shipping industry today and in the years ahead.

Shipping has an irreplaceable role in global prosperity and geopolitical stability, the incoming president of Intercargo and treasurer of the Union of Greek Shipowners (UGS) John Xylas, said in his keynote address.
Emphasising Greece’s strategic role and ongoing innovations in maritime sustainability, Xylas highlighted the country’s efforts to reduce carbon emissions and support the global transition to greener shipping practices, stating: “We must acknowledge decarbonisation is not just an environmental goal but a fundamental shift in how we operate, collaborate, and innovate as an industry.”  

He noted that approximately 90% of the world’s goods are transported by sea, supporting billions of people and securing essential supply chains. Regarding the influence of the Greek shipping industry, Xylas, who is also CEO of Ariston Navigation, said: "Greek shipowners hold the leading position in the global order book, with over 500 new ships on order. A significant portion of these vessels are equipped to use alternative fuels, and 35% of the existing fleet is already outfitted with energy-saving technologies." 
He added: “Greek shipping controls over 20% of the world’s commercial fleet by deadweight and more than 60% of the EU-controlled fleet. The Greek fleet, which is heavily focused on bulk cargo and tramp shipping, has proven crucial in responding to urgent needs, as demonstrated during the COVID-19 pandemic and the crisis in Ukraine”.

In closing Xylas said: “These statistics showcase Greece’s leadership in sustainable shipping and our commitment to decarbonisation. As we look to the future, we must recognise that decarbonisation represents a fundamental transformation toward a sustainable maritime future.” 

The revitalisation of the Greek shipbuilding and ship repairing industry was a main theme of the Summit with Miltiadis Varvitsiotis, CEO of the Skaramangas Shipyards presenting the vision of shipowner / investor George Procopiou the new owner of the historic shipyard.

"Skaramangas Shipyards was, is and will be one of Greece's largest industrial infrastructures and a vital asset for national defense," said, Varvitsiotis an ex-Shipping minister. 

"The goal and challenge for Skaramangas Shipyards is to be able to repair LNG carriers, being the only shipyard in Greece and one of the few in Europe that will serve these ships. Also, another of our goals is the creation of a new floating dock, which will be able to serve ships of smaller size than suezmaxes and aframaxes. All this will be achieved through improving their industrial capabilities," said Varvitsiotis. 
Reporting on other business of the revived shipyard, he said "Mega yachts are another pillar of focus of Skaramangas Shipyards, as well as ship construction and repair for vessels of the Hellenic Navy and the Hellenic Coast Guard. An equally important goal is to disseminate new knowledge and provide continuous training to shipyard employees." 

Varvitsiotis declared the Greek shipbuilding industry is in a phase of revival after the investments of fellow panelist Panos Xenokostas, President and CEO of Onex Shipyards & Technologies Group and Procopiou saying "this know-how and this workforce should be capitalised in order for modern ships to be built in Greece. This is our vision at Skaramangas Shipyards". 

Making an assessment of the current situation he said "the reaction we receive from the market is that we are competitive, especially in relation to the shipyards of neighboring Turkey, which increased their capacities in the last 15 years, when the Elefsina and Skaramangas shipyards were closed." 
Bringing the shipbuilding and ship repairing industry back to Greece and Europe was the main message delivered by Xenokostas who reported on how the revival of the Syros and Elefsina Shipyards was achieved. He underlined the impact of the reopening of the Neorion shipyard on the local economy of Syros as it currently employs 650 workers. In Elefsis, he said full ownership of the shipyard is still pending, but it has already served 120 ships in 18 months. 

According to Xenokostas, the two shipyards have the capacity to serve over 200 vessels up to aframax size per year. Onex's five- year plan includes investment of Euro 250m to increase the capacity of the shipyards' tanks in order to serve up to 300 ships per year up to suezmax size. 

Xenokostas said the vision is to turn the shipyards into hubs providing a wider range of services, such as construction of tugs and other special ships, building and maintaining Hellenic Navy vessels and the construction and operation of floating generators for offshore wind farms.” He reiterated the need to revive the industry in Greece and Europe but also the need to develop legislation and regulatory frameworks in order to limit unfair competition from Asian shipyards.

Donald Trump’s re-election as President of the United States and the incoming impact his second term will have on the shipping sector is causing debate among shipowners.

This was clear during the session devoted to the owners voice which was moderated by Panos Kourkountis, Technical Director, Sea Traders SA and Chairman of Martecma.

The Principal of Tsavliris Salvage Group, George Tsavliris said: “The second term of Trump has a tremendous impact on the market” when referring to the tariffs the US president-elect has promised to impose. Moreover, Tsavliris commented about Trump’s ‘drill, baby, drill’ policy on fossil fuels by saying “the fossil fuel is still the best alternative we have” as a sector.

Leonidas Polemis, CEO of Empire Chemical Tankers, highlighted the impact Trump’s re-election will have on the tanker market. “Trump will produce more oil and gas than Biden, which is good news for tanker shipping”. However, Polemis emphasised that should president Trump impose tariffs, this will affect negatively global trade and especially the dry bulk and container ship segments. “Trump will probably help the tanker market, the situation with the wars is helping the tanker market” said Polemis, by but added the Houthis attacks in the Red Sea benefited rates by adding tonne-miles. Referring to recent developments in the tanker market, Polemis concluded by saying: “The newbuildings will be the only thing that will affect the tanker market for the next 2-3 years.”

In addition, the Principal of Common Progress Compania Naviera SA, George Papagiannopoulos, highlighted the uncertainty, which he described as a ‘key-word’ for shipping,  that governs international shipping by commenting: “Tariffs affect demand mostly and geopolitical tensions are mostly affecting the supply side.”

George Souravlas, CEO of Load Lines Marine SA, commented about developments that mostly affect handysize to ultramax dry bulk ships. Souravlas believes the war between Russia and Ukraine is going to end in 2025, something that will benefit bulk shipping due to the need of Ukraine’s reconstruction. “The ports have been destroyed to a great extent and have to be rebuilt”, he said, adding “the reconstruction will take several years”. Souravlas continued expressing his thoughts about the dry bulk sector and potential upcoming geopolitical tensions, such as the crisis between China and Taiwan: “The elephant in the room, in my opinion, is the escalating tensions between China and Taiwan. In a case of a conflict, a lot of things will change”, including the change in geopolitical balance.

Panel moderator, Kourkountis, referred to the Northern Sea Route as an alternative passage for shipping, stressing the fact that ships choose to pass through it even though they are not ice-class vessels.
Despite the enormous uncertainty faced by shipping more information is coming available on crucial issues as was highlighted  by the 23 panelists who took part in the Summit’s three 90-minute  technical sessions.
Whether continuous design improvements are realistic options and utopias were presented charting a course from traditional fuels to carbon neutral alternatives. Energy saving devices; optimising ship propulsion; Design dreams vs reality looked at practical tweaks and wild ideas and mid-terms measures that actually makes waves as was a dual fuel electric solution for LNG carriers.

Under the title ’Improve efficiency and navigating the geopolitical turmoil’ Session II discussed efficiency improvements for 2-stroke engines by upgrading the turbocharger; Off-hire risk reduction; Measuring digital maturity; The full hull management picture and revolutionising vessel efficiency by combining low-friction hard coatings with grooming robots, while the Tsakos Group representative looked at energy efficiency measures generally.

Session III focused on decarbonisation and the transition to cleaner energy. The session was opened by a look at what to expect when using biofuels based on an in-depth analysis of biofuel quality. The role of energy in the pathway to sustainable shipping and an update on ammonia engine development were presented while how green are the alternative forms of energy that could replace fossil fuels in shipping was examined with the proposal the key to the fuel solution is ‘flexibility’. Regulatory developments and their impact was also presented.

Indeed, the over 5oo delegates had plenty to talk about during the two coffee breaks and there was a real buzz during the luncheon.

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On Saturday, November 9, 2024, graduates of two well-known sisterschools, Gordonstoun in Scotland and the Anavryta Classical Lyceum in Athens celebrated together at the Grande Bretagne hotel, the 90 years since the foundation of Gordonstoun. The celebration was held by Gordonstoun thanks to the generous support and assistance of Capt. Stephanos E. Angelakos, Mr. Spyros Niarchos and Miss Amelia Rocos. Mr. Evangelos Angelakos had graduated from Anavryta Classical Lyceum in 1957, while his sons, Elias and Stephanos had attended Gordonstoun in the Class of 1984 and 1986 respectively.His granddaughter Katingo who is 13 years of age has joined thisyear. Mr. Niarchos is also an alumnus of Gordonstoun, from the Class of 1971, while Miss Rocos is a more recent graduate of the school, having left in 2017.The evening prior to this, Capt. Stephanos held ‘the KURT HAHNprivate dinner’ at The King George Hotel with current members of staff and alumni from Gordonstoun as well as members of the Anavryta alumni body, to commemorate and revive Hahn’s global impact on the educational world, with Greece being at its core. A corresponding celebration was held in Cyprus, on Thursday, November 7, 2024 thanks to Mr. Antonis and Mrs. Ria Mikellides of Olympia Ocean Carriers Ltd for generously hosting the gathering at Four Seasons Hotel in Agios Tychon.

History

The former Anavryta Classical Lyceum was an elite Greek lyceum (originally a boys-only boarding school) that was established in1940, shortly before Greece’s entry into World War II, in order to provide education to members of the Greek royal family and notable Athenian families. It was reestablished after the war in 1949 by King Paul of Greece, his wife Queen Frederica, and Jocelin WinthropYoung who became the school’s first headmaster and personal tutor to the royal couple’s son Crown Prince Constantine who was amongst the school’s first pupils.In 1971, the school was named a Lykeion Aristouhon which only admitted students who had distinguished themselves in otherschools. After several educational reforms in Greece, the school lostits elitist character in 1976, but continued to have higher admissions standards until the end of the 1980s. The Anavryta Classical Lyceum was originally based on the educational principles of Kurt Hahn,and modelled on Hahn’s own creations: the Schule Schloss Salem and Gordonstoun. The effort to create an elite high school in Athens inspired by Hahn’s principles had originated from King George II ofGreece following the tradition of the Greek royal family attendingHahn schools. The effort was supported by the Greek academicsociety mainly because of the strong relationship of Hahn’s theorieswith ancient Greek philosophy. The main goal of the lyceum was to focus on the pursuit of the Hahnian ideals and the study of Greek classics. The fate of the lyceum was closely tied with the Greek royal family, but the only King of Greece who actually graduated from the lyceum was Constantine II, in the class of 1958. The abolition of the monarchy in 1974, following a seven-year military junta, removed that association. Under circumstances that followed in the next years Anavryta lost its exclusive character, but remained a school with a solid reputation for academic excellence. Eventually at the end of 1991-1992 the school was prohibited from setting any kind of admission standards and requirements. Thus the lyceum lost its original characteristics.The impressive alumni of the Classical lyceum shows many distinguished members, since generations of spiritual leaders, academics, spokesmen, businessmen, and other prominent members of the Greek society had graduated from the Classical lyceum in the decades following 1940. The Anavryta experiment did not end, however, because the merit-based approach was restored in 2013, when the Greek Government made it mandatory for students to pass written examinations. The students who performed best in this exam were selected to attend the school. The first examination in 2013 had nearly 250 students competing for a place.

Kurt Hahn

Early in his life, Kurt Hahn had a vision of the kind of school he wanted to create. It would be a school designed to help children discover their interests and passions, rather than just prepare them for tests. And it would be a school devoted to character development. In 1920, in Prince Max von Baden’s family castle, they opened the Schule Schloss Salem, or Salem Castle School (“salem”means place of peace). It’s a co-ed private boarding school that still exists today.Hahn developed a set of principles to guide education at the school. He called his principles the “Seven Laws of Salem.”1. Give the children opportunities for self-discovery.2. Make the children meet with triumph and defeat.3. Give the children the opportunity of self-effacement in the common cause. 4. Provide periods of silence. 5. Train the imagination. 6. Make games important but not predominant. 7. Free the sons of the wealthy and powerful from the enervating sense of privilege. In 1932 he was opposed to Hitler’s ideas and was imprisoned by the Nazis. Fortunately, he had powerful friends in England who helped him to escape. In 1933, Hahn fled to Britain.

GordonstounIn

In April of 1934, he founded Gordonstoun, on a 17th century estate near the rocky coast of the Moray Firth. At Gordonstoun, Hahn was able to further develop what quickly became a distinctive and highly coveted approach to education. Prince Philip was one of the first pupils to attend the school, and all three of his sons, including King Charles III, went there. The school is now considered one of Britain’s most distinguished private boarding schools, and is now fully co-educational having initially been all-boys.Hahn is considered one of the modern fathers of “experiential education.” The idea that children should do things in school, rather than just sit and receive information, was what first propelled him to start thinking so deeply about education. He also felt that, for education to really have meaning, it should test students to their limit and beyond in a variety of ways. For Hahn, the rescue services were a way of doing that. There is a coastal rescue service, a mountain rescue service, and a fire rescue service. Students are required to join one of the services, and learn how to provide emergency assistance, being actually involved in fighting fires,tracking down missing hikers, and rescuing sailors whose shipshad wrecked along the rocky coast nearby. Students are on duty whenever catastrophe calls. In 1954 Gordonstoun was a part of a group of schools that aided a rebuilding project in Kefallonia after an earthquake.Think about that for a minute. High school children, pulled out of class or awoken in the middle of the night so to help in a fire or an earthquake. Hahn believed this was the most important element of education at Gordonstoun. More important than preparation for exams. More important than projects.

Why?

Because “I regard it as the foremost task of education to insure the survival of these qualities: an enterprising curiosity, an undefeatable spirit, tenacity in pursuit, readiness for sensible self denial, and above all, compassion.” Kurt Hahn. During this wonderful celebration, the current Head of Gordonstoun, Simon Cane-Hardy, spoke about the unique educational system Hahn had produced and the historic links with Greece, focusing on the virtues of the system followed by the school and its Platonic roots in Greek classical education.Capt. Stephanos E. Angelakos, an alumnus of Gordonstoun and cohost for the event, welcomed everyone to the birthplace of Hahn’s two pillars: 1. the motherland of Greek ideals to develop one’s self intellectually, morally, aesthetically and physically and 2. the cradle of Greek seamanship; in Greek Ναυτοσύνη (Naftosyni) where art, science and ethos are embodied. He concluded that Gordonstoun is a school that insists on building a young person’s character, and underlined Hahn’s declaration that, “The experience of helping a fellow man in danger, or even of training in a realistic manner to be ready to give this help, tends to change the balance of power in a youth’s inner life with the result that compassion can become the master motive.

In terms of the photos captions:

'the KURT HAHN private dinner': From L to R: Mr. S. Kasimatis, Mr. A. Kaminaris, Mr. Ch. Kasimatis, Mr. Th. Papatheou, Mr. G. Ventouris, Mr. E. Angelakos, Mr. S. Brown, Mr. A. Lyall, Capt. S. E. Angelakos, Ms. A. Rocos, Prof. P. Soukakos, Mr. R. Devey, Mrs. K. Angelakou-Skiniti, Mr. A. Papapanagiotou, Mr. D. Lekas, Mr. A. Skinitis. 

Gordonstoun celebration: Mr. Simon Cane-Hardy, Head of Gordonstoun

L to R: Capt. Stephanos E. Angelakos, Mrs. Kitsa Angelakou-Skiniti, Mr. Simon Cane-Hardy

L to R: Mr. Andrew Lyall, Mr. Antonis Psiris,  Mrs. Anna Maria Angelakou-Psiri, Mr. Evangelos Angelakos, Capt. Stephanos E. Angelakos, Mrs. Kitsa Angelakou-Skiniti, , Mr. Elias Angelakos, Ms. Amelia Rocos.

L to R: Ms. Amelia Rocos, Ms. Aya Burweila,  Mrs. Ria Mikellides, Mr. Antonis Mikellides

Capt. Stephanos E. Angelakos – Co-sponsor of the event and alumnus of Gordonstoun

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A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies. The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and healthcare.
The industry’s increasing appetite for cyber risk comes at a time when it must manage a growing volume of vulnerabilities. Seven in 10 (71%) of the almost 500 maritime professionals surveyed by DNV believe their organizations’ industrial assets are more vulnerable to cyber-attacks than ever before, while the same proportion (71%) say the leaders of their organizations consider cyber security to be the greatest risk their business faces. 

“In the maritime industry, we must match our ambitions for digital transformation and decarbonization with a steadfast commitment to securing our people, the vessels and the systems we rely on,” says Knut Ørbeck-Nilssen, CEO Maritime at DNV. “Cyber-attacks represent a growing threat to the safety of the maritime industry today. We can innovate, progress, and take a lead in ensuring the resilience of our businesses and societies, but only if we truly manage cyber risk.”

Ship owners, ports, and the entire maritime value chain are increasingly reliant on ever more connected digital technologies as the industry transforms to become greener, safer, and more efficient. Maritime professionals point to advanced data analytics, the internet of things, AI & machine learning, high-bandwidth satellite communications, and autonomous operations as presenting the greatest opportunities for their businesses in the coming years. 

While interconnectivity and new technologies bring opportunities, they also make the industry more vulnerable to cyber-attacks. Maritime professionals are confident the industry is managing the risk. More than eight in 10 (83%) say their organization has a good cyber security posture, and seven in 10 (71%) are confident their organization would quickly get back to business as normal following a cyber-attack. 
Contributing to this confidence, almost three quarters of maritime professionals (73%) report that their organization is increasing cybersecurity spending compared to last year. A majority say their organization has prepared against potential outcomes such as asset downtime and disruption to operations, theft of sensitive data, physical injury or loss of life, and a grounded vessel.

While industry awareness of cyber risk and cybersecurity investment have grown rapidly, there are signs of a false sense of security within the maritime industry. Only half (53%) of those surveyed are confident their organization can demonstrate full visibility of supply chain vulnerabilities, a concern given the recent rise in cyber-attacks targeting supply chains.

Additionally, 68% believe their organization’s IT security is stronger than its operational technology (OT) security – which is linked to physical assets like sensors, programmable logic controllers (PLC), and enables automation, safety and navigation systems. Some 76% say that the cyber security training that their organization provides is not advanced enough to protect against sophisticated threats.
“Organizations may feel they are prepared as more resources are being deployed to manage cyber risk, but the reality is more complex than that,” says Svante Einarsson, Head of Maritime Cybersecurity at DNV Cyber. “Businesses have a sophisticated adversary to contend with, which complicates the picture significantly. We need to protect both IT and OT, and be ready to respond should an attack be successful.”
Concerns are heightened among maritime professionals due to geopolitical tensions but also because of growing criminal activity. One notable trend is the increase in concern related to criminal gangs that have identified the huge profit potential from ransomware attacks: 79% of maritime professionals are concerned about this risk vector, up from 56% in 2023. 

DNV’s new report Maritime Cyber Priority 2024/25: Managing Cyber Risk to Enable Innovation, identifies four key challenges for the sector:

- Ensure access to experienced resources that know how to build and implement cyber security resilience in the design of new systems and vessels

- Enhance detection and response capabilities to minimize the consequences of marine operational technology (OT) systems

- Assign clear roles, responsibilities and resources to handle OT cyber security in a continuous manner onboard and onshore

- Secure the many interdependencies and components in complex supply chains
The vast majority of maritime professionals (95%) call for more collaboration on cybersecurity among organizations within critical infrastructure industries. 

“The maritime industry and other critical infrastructure sectors need to take big steps forward in openly sharing cyber security experiences – the good, the bad and the ugly – to collectively create security best practice guidance,” says Einarsson.

Download a free copy of the report here. 

Cyber Priority 

DNV Cyber’s Cyber Priority research explores the changing attitudes and approaches to cyber security in key industrial sectors. The latest edition of the research for 2024/25 draws on a cross-sector survey of more than 1,150 professionals, conducted in September and October 2024.

The report Maritime Cyber Priority 2024/25: Managing Cyber Risk to Enable Innovation explores the views of almost 500 maritime professionals who responded to the survey, complemented by in-depth interviews and analysis from industry leaders and DNV Cyber experts.

About DNV

DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards, and inspires and invents solutions.

DNV combines specialist sector knowledge of with engineering expertise and information system best practice to secure critical infrastructure projects and operations from cyber threats. The company provides many of the world’s most successful and forward-thinking companies with clear and practical advice to uncover their cyber risks, build a powerful force of defence against threats, recover from attacks, and unite stakeholders behind cyber security programmes that everyone can believe in. Learn more at: dnv.com/cybersecurity

DNV in the maritime industry 

DNV is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges. For more information visit: www.dnv.com/maritime

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.

With the aim to support education and promoting the shipping industry, The Propeller Club Port of Piraeus  offers scholarships for maritime studies and in recent years has begun to support athletes, further developing the social program.

On Thursday, November 7th, the Propeller Club, Port of Piraeus welcomed the young people and organizations who supported with scholarships and donations during the year.

In a warm and welcoming gathering at the Piraeus Marine Club, the members of Propeller Club had the opportunity to meet and celebrate the Propeller Club’s ongoing commitment to empowering youth, supporting education, sports and contributing to the society.

“We are proud to have succeeded in doubling our social impact this year,” stated President Costis Frangoulis.

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.

At the annual Propeller Club Greece Dinner, held in the elegant Caryatids Hall at the Grand Hyatt in Athens, BMA Regional Director Dimitri Tsiftsis joined over 250 guests celebrating their commitment to the Club. Honouring each sponsor's vital support, Club President Costis Frangoulis presented commemorative plaques to representatives, recognizing their contributions to the Club's mission of building a stronger future for the shipping industry. The Bahamas Maritime Authority, a longstanding sponsor, is proud to support this dedicated organization.

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.

HEMEXPO – Hellenic Marine Equipment Manufacturers and Exporters – is celebrating its 10th anniversary, in a milestone for an organisation which has become one of Europe’s leading supplier associations for international shipping.

Established in 2014 with the objective of creating a platform to unify the previously-fragmented marine equipment manufacturing sector in Greece, the association initially served 15 member companies with a combined annual turnover of €178 million. Today, HEMEXPO comprises over 30 members, while turnover has increased by close to 400% to €676 million – highlighting the association’s remarkable growth over the past decade. 

HEMEXPO’s strategy to drive best industry practices and support research and development has been clear from its proactive approach to forming alliances within and outside the maritime industry. As a member of SEA Europe – The Shipyards’ & Maritime Equipment Association of Europe – HEMEXPO also fully supports efforts to recognise the role of shipbuilding as a crucial component in the continent’s sustainability and security.

“HEMEXPO has come a long way since 2014, but it continues to represent the best in Greek maritime technology and remains committed to its mission of promoting Greek innovation,” said Eleni Polychronopoulou, HEMEXPO President. “Through far-reaching collaboration, both locally and globally, we have formed an extensive network of agents and pioneering partnerships to ensure Greek manufacturers have a strong presence on the European and international stage.”

Today, technology from HEMEXPO member companies features on a broad range of commercial, naval and leisure vessel types all over the world,  across both newbuild and refit projects. The association’s collective portfolio includes the latest energy-saving devices to facilitate shipping’s green transition. It also offers a gateway to digitalisation, with several HEMEXPO members specialising in innovative digital solutions that enable smarter vessel operations to enhance safety, efficiency, and profitability while minimising the burden on crew.

“As the challenges facing the maritime industry continue to evolve, a greater variety of competencies and knowledge will be needed to overcome them,” added Polychronopoulou. “HEMEXPO is committed to investing in the human factor, which lies at the core of Greece’s marine equipment manufacturers. To this end, we are working to establish a talent-acquisition programme that will use training and educational partnerships to equip new entrants into shipping, as well as the current workforce, with the skills to thrive in the green and digital economy.”

HEMEXPO’s 10^th-anniversary celebration event takes place on 3^rd December 2024 at Skaramangas Shipyards, Greece.

Image: Eleni Polychronopoulou, HEMEXPO President

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.