The Shipping Deputy Minister to the President, Ms. Marina Hadjimanolis, met on Tuesday 21 May in Limassol, with the Minister of Maritime Affairs and Insular Policy of Greece, Mr. Christos Stylianides, within the framework of his official visit to Cyprus. 

During the meeting, the two sides discussed issues of mutual interest concerning the long-term competitiveness of European shipping, maritime education, as well as current geopolitical developments affecting the global shipping industry. At a bilateral level, it was agreed to develop joint actions and initiatives to create prospects for the sustainable operation of the passenger maritime link connection between Cyprus and Greece, as well as to strengthen cooperation and exchange know-how with respect to digitalization of the services of the registries of the two countries.

In her statements, the Shipping Deputy Minister, noted that both Greece and Cyprus are maritime states with tradition, which are linked by long-standing historical ties based on common values and principles, and stressed that the cooperation is excellent at all levels. She also underlined that this cooperation has been further enhanced following the establishment of the Cyprus-Greece Intergovernmental Summit.

The Minister of Maritime Affairs and Insular Policy of Greece, Mr. Christos Stylianides, referred to the excellent relations between the two countries and the competent Ministries for shipping, noting the need to intensify efforts to ensure the competitiveness of European shipping.

The meeting was also attended by the Permanent Secretary of the Shipping Deputy Ministry Mr. Stelios Himonas, the Commandant of the Hellenic Coast Guard Vice Admiral Georgios Alexandrakis, the Ambassador of Greece to Cyprus, Mr. Ioannis Papameletiou, as well as officials of the two Ministries.

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We Further Women, the global women’s initiative, is dedicated to furthering gender balance in Watson Farley law firm and the sectors in which they operate.
On Wednesday 22nd of May Watson Farley invited women of shipping at Golf prive to celebrate the achievements of women and to underline the importance of being woman and develop a supportive network!

The initiative provides a supportive forum for their people to share challenges, exchange ideas and develop their careers. In addition to hosting a range of activities internally, the group also engages with their clients through sector focused events which aim to empower, educate, and offer opportunities to develop supportive networks and rewarding professional relationships. Women that access to role models can have a positive impact on an individual’s sense of belonging within a firm and that learning from different career journeys can also help make the path to more senior roles clearer and more transparent.

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The educational program Adopt a Ship™ managed in Greece by NPO Project Connect™, aims to preserve traditional seamanship, a valuable heritage for Greeks since ancient times, and to pass it on to new generations.

Project Connect™ links education to shipping and the labor market, with the authorization of the Ministry of Education, Religious Affairs & Sports and the endorsement of the Ministry of Shipping & Insular Policy, and the Ministry of Labor & Social Security. It further provides opportunities and actively supports young men and women who want to work professionally in the maritime industry by offering access to the Online CV platform by Project Connect™.

The innovative and first online CV platform bridges undergraduates and graduates of universities and maritime academies to more than eighty major shipping companies, all members of Project Connect, very important for their future. The primary aim is to learn about shipping at sea and shore to enhance youth employability and shipping industry’s sustainability.

In addition, the CV platform offers the experience of a 3D virtual tour of a shipping company and a unique Shipping Career Office Support Kit for everyone. Also, Project Connect facilitates a Work Study Program that helps prepare youth for their easier employability.

How it works: The candidates upload their CVs, applying for internships and entry-level jobs through an HR-designed process which also offers member HR Departments a heads-up to complement their selection process. Already, over one hundred students and graduates were placed through the online CV Platform, and over four hundred students have populated the database since its inception. Many students have already benefited from finding the work experience needed to secure entry-level jobs upon graduation through the online platform.

The Adopt a Ship™ program was created by the Cyprus Chamber of Shipping (CSI) and the Cyprus Marine Environment Protection Association (CYMEPA) in 2006 for young pupils. In Greece, the largest ship owning country globally, the program was established in 2018 by Project Connect™, collectively with its members’ support. In the country, the teachers are carrying the torch of seamanship in synergy with the captains of vessels provided by the

shipowners. The aim is to learn about shipping at sea and shore to enhance youth employability and shipping industry’s sustainability. It is noteworthy that Adopt a Ship™ supports ten of the seventeen sustainable goals of the UN. To date, more than 14,000 Primary and Secondary (High School and EPAL) Education students – from both public and private institutions – across Greece have benefited from the program. The Adopt a Ship™ Program has already been well received by the Greek education system, as it has been “adopted” by 168 classes from 122 Primary and Secondary Schools in collaboration with 122 ships from forty-eight of Greece’s most reputable and traditional shipping companies, this year alone.

Moreover, the benefits for teachers are numerous as they enrich their lesson content with new information provided by the captains. This enhances cultural sensitivity and global awareness, enabling them to educate their students more comprehensively and inclusively. Project Connect™ enables the strengthening of skills based on a strategy built upon three main pillars. This involves live self-awareness and self-development workshops for college students and graduates, as well as connecting ships with classrooms, engaging captains, teachers, and students aged 8 to 18 years as key participants.

The maritime education program Adopt a Ship™ and the benefits of Online CV platform by Project Connect™ will be promoted by Project Connect at the leading international shipping exhibition, Posidonia 2024, which takes place from June 3 to 7 at the Athens Metropolitan Expo. Aiming to promote participation and further action, the people of Project Connect will be present, eager to inform, create synergies, and promote the program to stakeholders from the maritime and educational sectors.

“We are particularly happy to participate for another year in Posidonia, contributing to the chain of maritime education and training in Greece, a country that leads in world shipping” said Irene Notias, Founder, and Director of Project Connect™.

This year’s participation in Posidonia is even more significant, as the Ministry of Shipping & Insular Policy has declared 2024 the “Year of Maritime Education”, reminding us that the contribution of the educational system to the future of Greek shipping is invaluable.

Project Connect™’s role in enhancing youth employability in the maritime industry, inpursuit of excellence, is noteworthy and was recognized with the Lloyd’s Greek Shipping Award in the “Education or Training” category in 2022.

Project Connect™ calls everyone to participate, shipping and maritime company members, teachers, schools, college students and graduates, EPAL senior students or graduates, Marine Cadets and graduates, and trade associations to collectively build the next generation shipping workforce. Visit Posidonia Exhibition Booth No 2544 and/or join here: This email address is being protected from spambots. You need JavaScript enabled to view it. or https://www.project-connect.gr/companies/how-you-can-help-companies/

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Tototheo Maritime, a group of companies at the forefront of maritime satellite communication technologies, rebrands to Tototheo Global. This significant milestone marks Tototheo’s evolution to a global leader in technology solutions. Tototheo Global is now set to deliver comprehensive, innovative services across multiple sectors, including land, sea, and air, with a strong emphasis on connectivity, IoT, AI-driven analytics, and custom software development. The company’s commitment to technological innovation and connectivity excellence will be showcased through its new brand identity at the Posidonia 2024 exhibition in Athens.

"As Tototheo Global, we embrace a vision that transcends traditional boundaries, integrating our maritime expertise with groundbreaking terrestrial technology solutions," said Socrates Theodosiou, co-CEO of Tototheo Global. "This rebranding is not just a change of name; it's a profound reflection of our expansive vision. We aim to enhance global connectivity and drive innovation across various industries, helping them transform how they operate and achieve excellence."

Despina Panayiotou Theodosiou, co-CEO, emphasized the strategic depth of the rebranding, "Our evolution into Tototheo Global encapsulates our journey from maritime experts to architects of global technology. This strategic shift allows us to leverage our deep-rooted maritime expertise to enhance operational efficiency and competitive advantage across a rapidly evolving and interconnected digital landscape. At Posidonia 2024, we will demonstrate how Tototheo Global is transforming challenges into substantial opportunities, spearheading progress and innovation that span continents and industries."

Tototheo Global’s evolution is powered by key technological advancements and strategic collaborations with leading technology innovators worldwide. These partnerships have significantly enhanced our capabilities in various connectivity technologies, including satellite communications, wireless networks, and advanced broadband solutions, enabling us to provide cutting-edge solutions across various industries.

Operating from strategic hubs in Cyprus, Greece, Germany and Turkey, and with an extensive network that spans across Europe, the USA, the Middle East, and the Far East, Tototheo Global combines global reach with precise local expertise. This approach allows the company to create custom solutions tailored to the unique challenges of businesses operating in various sectors and regions. Tototheo Global’s comprehensive suite of services, including software development, pre-sales consultancy, installation and maintenance of equipment, and after-sales support, is meticulously designed to offer holistic and adaptive solutions that cater to the evolving demands of global business operations.

Dedicated to driving innovation, Tototheo Global is committed to providing comprehensive, customizable technological solutions. Its mission is to leverage its maritime heritage to enrich connectivity, technology, and operational efficiency on land and sea, creating a resilient and sustainable future for its clients worldwide.

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Despina Panayiotou Theodosiou voiced gratitude at being selected as recipient of the first ever IMO Gender Equality award, presented by Secretary-General Arsenio Dominguez ahead of the International Maritime Organization Women in Maritime 2024 event. The award recognised Co-Chief Executive Officer of Tototheo Maritime, Ms. Panayiotou Theodosiou's leading and pivotal role in advancing gender equality and empowering women through her tenure as President of WISTA International.

Ms. Panayiotou Theodosiou said it was a tremendous honour to have been chosen for the award. “Over the last 10 years raising awareness of the incredible work women are undertaking within the maritime industry and the importance of gender diversity, equity and inclusion have been a key focus for me on both a personal and professional level,” she said.

The IMO said Ms. Panayiotou Theodosiou had brought significant attention to WISTA's mission, shed light on the challenges faced by women in shipping, and raised awareness among industry stakeholders and international policy and decision makers. Her actions had also amplified the voices of women, highlighting their important contributions to the maritime industries. 

Ms. Panayiotou Theodosiou was instrumental in gaining consultative status for WISTA International at IMO, and the two organisations have since launched joint initiatives, such as the Women in Maritime Survey 2021 and the Maritime Speakers Bureau. The survey, which will be repeated this year, examined representation and distribution of women working in the maritime sector. The Speakers Bureau is a platform for female experts across a variety of maritime fields which seeks to ensure that conferences and events feature inclusive panels with a range of perspectives. 

“During my time as President of WISTA International it was a privilege to be part of the driving force behind many of the initiatives related to advancing gender equality within the industry. When I look at what has been achieved I feel an immense sense of pride for being able to play a part in bringing about change,” Ms. Panayiotou Theodosiou said.
“With that said, we still have a long way to go, and I’d like to take this opportunity to encourage everyone to continue to break down the barriers, acknowledge the need for change and work together to create a more inclusive and diverse maritime industry,” she added.

She extended her gratitude to the President of the Republic of Cyprus, Mr. Nikos Christodoulides and Shipping Deputy Minister, Ms. Marina Hadjimanolis for supporting her nomination.

The IMO Gender Equality Award has been established to recognize individuals, irrespective of their gender, who, either in a personal capacity or as representatives of their institutions, have made significant contributions to advancing gender equality and the empowerment of women in the maritime sector.

Tototheo Maritime specializes in maritime technology solutions focusing on optimizing vessel and fleet performance in the fields of satellite communication, navigation systems, digitalization and end-to-end cyber security services.

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The highly anticipated ESG Shipping Awards International 2024 took place on the 20th of May, honoring outstanding achievements and innovative initiatives within the global maritime industry.

Held at the Grand Hyatt in Athens, the event marked another year of celebrating shipping companies worldwide that demonstrate exceptional best practices in Environment, Social, and Governance (ESG).

The ESG Shipping Awards 2024 International signifies a pioneering Greek initiative, the world's inaugural event of its kind, established in partnership with the Ministry of Shipping and the Hellenic Chamber of Shipping.

Winners hailed from diverse regions and various maritime operations, showcasing the global impact of sustainability efforts across the industry.

"The ESG Shipping Awards is more than an awards ceremony," remarked Helena Athoussaki and Katerina Stathopoulou. "It is a platform of recognition, collaboration, and knowledge-sharing, driving the maritime industry globally towards a more sustainable and prosperous future."

In his opening greetings Mr. Manolis Koutoulakis, Secretary General of Maritime Affairs & Insular Policy, stated that the ESG Shipping Awards serve as a crucial stakeholder platform, highlighting key players and initiatives in the Maritime Economy during a critical era marked by global, European, and regional crises, he then added "The ESG Shipping Awards initiative, along with the ESG Conference and workshops, as a remarkable and successful journey that has increased the visibility of the ESG framework within the shipping industry, positioning it as a leader in sustainability. "

The Chairman of the judging committee, Mr. Jan Fransen, underscored the challenges faced during the evaluation process and highlighted the diverse range of entries reviewed, showcasing the industry's strong commitment to ESG principles.

The Honorary Recognition Award was presented to Mr. Emanuele Grimaldi Chairman, International Chamber of Shipping, for his significant contribution to promoting sustainability in the maritime industry.

The esteemed Private Philanthropy Recognition Award has been presented to Mr. Panagiotis Angelopoulos & Mr. George Angelopoulos in honor of their remarkable dedication to philanthropic efforts and their unwavering commitment to providing support to those affected by Storm Daniel in the Thessaly region.

“Mr. Panagiotis and Mr. George Angelopoulos have been active philanthropists for many years, supporting various causes and initiatives aimed at improving the well-being of communities in need. Their response to Storm Daniel is just one example of their enduring commitment to humanitarian efforts.” said the organizers when presenting the award.

The prestigious Motivation Award, focusing on environmental excellence, was received by the prominent founding members including Lloyd's Register, Capital Group, Navios Maritime Partners, Neda Maritime Agency, Star Bulk Carriers Corp. and Thenamaris. This award recognizes their significant support for Maritime Emissions Reduction Centre (M-ERC), a not-for-profit collaborative initiative based in Athens, which aims to optimize the efficiency of the global fleet and promote solutions for reducing greenhouse gas emissions.

The Motivation Award was presented by Mr. Emanuele Grimaldi, who highlighted the collective impact of these founding members in fostering environmental sustainability within the maritime industry.

The announcement of the ESG Leader Award marked the conclusion of a memorable evening, characterized by celebration, reflection, and a collective commitment to a more sustainable future in the maritime industry.

As the event wrapped up, the organizers expressed their excitement and anticipation for the upcoming ESG Shipping Conference International scheduled to take place in Athens in October 2024.The winners of the ESG Shipping Awards International 2024 are as follows:

Supply Chain Leader Award:

Gold: Euronav,

Silver: Seanergy Maritime Holdings Corp. & Atlantic Bulk Carriers Management Ltd.,

Bronze: Laskaridis Shipping Co. Presented by the organizers

Technology Leader Award

Gold: AIDA Cruises

Silver: Baleària Eurolíneas Marítimas

Bronze: Columbia Group presented by Enablom

Governance Leader Award

Gold: Navios Maritime Partners

Silver: Pioneer Marine Group of Companies & Genco Shipping & Trading Limited

Bronze: Performance Shipping Resented by EUROBANK

Community Contribution Leader

Gold: Latsco Shipping

Silver: Berge Bulk

Bronze: Wallem Group Presented by Tallon Commodities Ltd

People Leader Award:

Gold: Tsakos Group of Companies

Silver: Navios Maritime Partners L.P.

Bronze: Seanergy Maritime Holdings Corp. Presented by WATSON FARLEY & WILLIAMS

Diversity Equity & Inclusion Leader Award:

Gold: Diana Shipping Services S.A.

Silver: Bernhard Schulte Shipmanagement

Bronze: Columbia Group Presented by The Liberian Registry

Social Leader Award:

Gold: Fleet Management Limited

Silver: Chandris (Hellas) Inc. - Century Bulk Carriers Management

Bronze: Stem Shipping CO. S.A Presented by Marine Tours

Climate Change Award:

Gold: Carnival Corporation & plc

Silver: Capital Group

Bronze: Odfjell and Höegh Autoliners Presented by PPG

Environment Leader Award:

Gold: Berge Bulk and Diana Shipping Inc.

Silver: Lemissoler Navigation Co. Ltd

Bronze: Carnival Corporation & plc Presented by Bureau Veritas

ESG Leader Award:

Gold: Norwegian Cruise Line Holdings Ltd.

Silver: Pacific Basin Shipping

Bronze: Safe Bulkers Inc. Presented by Deloitte  

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The Cyprus Shipping Chamber held its 35^th Annual General Meeting on Tuesday, 21 May 2024, at the “Four Seasons” Hotel in Limassol, organized in the context of its 35^th anniversary since its establishment.

The Meeting was attended by Political Party representatives, State Officials, Ministers, Members of the House of Representatives, Diplomats, representatives from Professional Organizations and the Shipping Industry at large.

The Meeting was addressed by the President of the Republic of Cyprus Mr. Nikos Christodoulides, the President of the House of Representatives of Cyprus Mrs. Annita Demetriou, and the President of the Cyprus Shipping Chamber, Mr. Themis Papadopoulos.

In his address, the President of the Republic emphasized the multifaceted and indispensable contribution of the Shipping Chamber to the continuous development of Cyprus Shipping and reiterated the Government's commitment to strengthening its close cooperation with the Chamber and its political support towards the Shipping sector.

The President of the House emphasized the fact that the Shipping sector, despite the challenges faced, is a strong and stable pillar of the Cyprus Economy. She further upheld, on behalf of all members of the House, their commitment in continuing the close cooperation with the Chamber aimed at further improving the Cyprus Shipping.

The President of the Chamber, Mr. Themis Papadopoulos, referred to the Chamber's milestones since its establishment, as well as to the highlights and challenges of the past year including Shipping's green transition, taxation issues and geopolitical pressures exerted both on Shipping as well as on the global supply chain.

Lastly, the Chamber paid a special tribute to its immediate past President, Mr. Philippos Philis, for his very successful term as President of the European Community Shipowners' Associations, a position held by a Cypriot owner for the first time.

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Under the motto “Going further to get closer to you”, Poseidon Marine Supplies, the Greek company that since 1976 is supporting the safety of crews and the smooth operation of ships, by offering lifesaving and firefighting equipment inspection and ship supplying services, is ready to welcome the international shipping community at its

Posidonia 2024 stand, from June 3 to 7, and celebrate the opening of the company’s new service station in the port of Barcelona as well as the expansion of its international partnerships.

Following a client-centric approach, Poseidon Marine Supplies supports consistently the Greek and international shipping industry. With its headquarters in Piraeus, the company for the past 48 years has steadily developed to a multinational level, with the opening of service stations and the provision of supplies in major ports around the world, aiming to be close to every ship and its needs, whenever and wherever.

During its presence at Posidonia 2024, Poseidon Marine Supplies will celebrate the opening of its new service station in the Port of Barcelona, which has been added to the company’s network (Poseidon Service Network) this year, bringing its equipment inspection services closer to vessels passing from all major ports in Spain as well as from ports in neighboring countries, such as France, Portugal, and Malta. The services of the Barcelona station cover the entire range of inspection of a ship's lifesaving and firefighting equipment, such as portable and fixed fire extinguishing systems, breathing apparatuses, immersion suits, and more, according to the company’s high-quality criteria.

Besides Piraeus, Poseidon Service Network also includes service stations in Limassol, Rotterdam, Houston-TX, Dubai and Suez. Each Poseidon station is both a commitment to the company's clients to safeguard the safety of crews, ships, and cargo, as well as a guarantee of compliance with international shipping regulations.

This year, Poseidon Marine Supplies is nearing the announcement of the acquisition of a major Dutch company with significant expertise in ship supplies and provisions. The acquisition is expected to be completed in 2024 and, together with Poseidon’s service station, will establish a service point in the port of Rotterdam with dynamics comparable to that of Piraeus, annually serving more than 1,200 Greek-owned and international ships.

With a wide network of service stations, more than 160 employees in technical service and administrative support, international partnerships in major ports around the world and consistently keeping the quality of its services at a high level, Poseidon Marine Supplies continues to plan expansion efforts to get closer to every ship and the needs of its clients.

About Poseidon Marine Supplies

Poseidon Marine Supplies was established in 1976 and is currently a major ship supplier and FRS service provider with service stations in Piraeus, Rotterdam, Limassol, Houston-TX, Dubai, Suez, and Barcelona and manpower of more than 160 people. Poseidon Marine Supplies has a strong safety culture and sense of responsibility. The company is committed to provide top quality services that meet international requirements and exceed customer’s expectations and to conduct its operations in a manner that protects human health and property.

Image: Christopher Papachastas, Managing Director of Poseidon Marine Supplies

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In the intricate and expansive realm of maritime finance, the ability to forge robust and enduring connections between ship owning groups and finance providers is paramount. At Alpha Shipping Advisors, we excel as the bridge that seamlessly links premier ship owning entities with dedicated finance partners, crafting bespoke solutions that align with the unique needs and objectives of all involved parties.

Expert Approach: Tailored Solutions with a Banker’ Touch

Our approach is anchored in a banker’s mindset, which is characterized by a profound grasp of market dynamics and an acute understanding of group’s specific requirements. Alpha Shipping Advisors maintains a formidable presence in key maritime markets, notably Greece, China, Norway and Singapore. By leveraging our deep market insights and strategic acumen, we optimize opportunities, drive superior outcomes, and adeptly bridge cultural and communication divides, ensuring transactions are executed with precision and efficiency.

Our commitment to ship owning groups extends well beyond the initial financing arrangement.

We offer comprehensive support throughout the duration of the financing facilities, underscoring our dedication to fostering long-term partnerships. This enduring commitment ensures that shipping groups that entrusted us receive continues guidance and support, allowing them to navigate the complexities of the maritime finance landscape with confidence.

Our Comprehensive Services: From Maritime Finance to Commercial Advisory Maritime Finance:

Alpha Shipping Advisors offers expert advises on an array of specialized maritime finance services, meticulously designed to meet the distinct needs of ship owning groups and their financial partners, as follows:

Debt Finance:

Structuring and securing traditional debt finance solutions (mortgage based) tailored to the specific financial requirements of ship owning entities, facilitating their growth and operational objectives.

Chinese Leasing:

Leveraging our strong connections in the Chinese market, with a permanent representative office in Shanghai, concluding favourable leasing agreements, aligning them with the strategic interests of the ship owning groups.

Japanese Leasing: Capitalizing on the unique benefits of Japanese leasing options, who offer competitive financial solutions.

Operating Leasing:

Providing operating leasing solutions that allow shipping groups to optimise their equity capital adequacy and optimum financial cashflows.

Alternative Capital Finance: Identifying and securing alternative sources of capital to meet the evolving financial needs on challenging shipping sectors and projects.

Export Credit Agency (ECA) Finance: Originate and conclude ECA-backed finance to support shipbuilding and finance projects, ensuring favourable terms and conditions.

Equity:

Equity financing that supports the strategic objectives of shipping groups, promoting their financial stability and growth.

Joint Ventures:

Creation and financing of joint ventures between ship owning groups, investors, shipyards and ship finance lessors.

Commercial Advisory:

In addition to our financial services, Alpha Shipping Advisors provides a comprehensive suite of commercial advisory services designed to empower groups with strategic insights and pragmatic guidance. Our commercial advisory offerings include:
- Market Analysis
- Risk Assessment
- Strategic Planning
- Growth and Expansion Strategies

Our mission at Alpha Shipping Advisors is to be the advisors of choice in shipping finance, guiding shipping groups with commitment, expertise and precision. Through tailor-made financial solutions and strategic commercial advice, we empower shipping groups to attain their goals and fulfil their vision. At Alpha Shipping Advisors, your vision inspires us.

https://alphashippingadvisors.com/

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