HD Hyundai Marine Solution has signed an agreement with Greek operator Neptune Lines Shipping and Managing Enterprises SA to provide Engine Part Load Optimization (EPLO) services for four car carriers.
HD Hyundai Marine Solution partnered with Accelleron to launch the EPLO service, receiving the first order for one ship in October last year.
Most marine engines are built to provide optimal fuel efficiency and performance for the speed and environment for which the ship is designed. However, more than 60 percent of the world's ships of 400 gross tons (GT) and above are required by the International Maritime Organization (IMO) to comply with the IMO's Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations to reduce greenhouse gas emissions.
As a result, many shipping companies are considering engine power limitation, operating at reduced speeds with engine output reduced by up to 70%. EPLO is an eco-friendly solution that increases combustion efficiency by matching the turbocharger to the new load requirements, as well as adjusting factors including the amount and timing of fuel injection and fuel-air mixture ratio. These adaptions can improve fuel efficiency by as much as 6 grams per kWh, with an equivalent reduction in carbon emissions.
"With EPLO, Accelleron is assisting the maritime industry to not only boost the competitiveness of their vessels but also to achieve profitable navigation towards their mid-term decarbonization goals,” said Matthias Reichmann, Global Product Manager Upgrades at Accelleron.
An official from HD Hyundai Marine Solution said: "We will contribute to carbon reduction activities in both the shipbuilding and maritime sectors with various eco-friendly solutions that meet market needs."
Accelleron is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable, efficient and reliable power to the marine, energy, rail, and off-highway sectors. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries it operates in. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide (www.accelleron- industries.com).

Image: HD Hyundai Marine Solution and Neptune have signed a contract for Engine Part-Load Optimization.

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DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, has received the Innovation Endorsement from ClassNK, the world-renowned classification society based in Japan, for its cutting-edge voyage optimization services that form the foundation of the company’s suite of software. 
The Innovation Endorsement (IE) is a certification issued by ClassNK to encourage the proliferation and advancement of technologies. It also aims to collaborate with industry pioneers to establish suitable evaluation criteria for emerging technologies. 
ClassNK verified DeepSea’s software using its rigorous testing processes. The endorsement recognizes Deepsea’s adherence to the highest standards of safety, efficiency, and environmental performance, and certifies the functionality of its services, which harness the latest in AI technology to make ships more efficient.
This milestone positions the company for further growth in the dynamic Asian region, continuing its trajectory following Japan-based automation multinational Nabtesco’s investment in DeepSea in 2023. 
Dr. Konstantinos Kyriakopoulos, CEO at DeepSea Technologies, said: "We are delighted to receive ClassNK approval for our voyage optimization services, as it further validates the robustness and reliability of our technology. This milestone is particularly significant as we set our sights on expanding our footprint in the Asian market. DeepSea’s advanced solutions will contribute to the region's maritime growth by optimizing operations, reducing costs, and fostering a more sustainable shipping industry. We look forward to continuing to focus our industry-leading team of AI specialists on solving some of the biggest challenges in shipping."
Mr. Yukihiro Mizutani, President, Marine Control Systems Company, Executive Officer of Nabtesco, said: “DeepSea’s expertise and team of AI specialists are well-known in the shipping industry, and are driving a radical improvement to vessel efficiency for their customers. This endorsement paves the way for the company’s success in the Asian region, and we look forward to continuing our partnership to accelerate the pace of innovation in the industry”.
DeepSea Technologies is a maritime technology company specialising in vessel performance monitoring and optimisation. We combine many years of experience in the shipping industry with deep expertise in the fields of software, hardware, and Artificial Intelligence. We are passionate about creating products that help our clients make data-driven decisions to achieve their decarbonisation objectives and lead the industry forward. DeepSea has built a pioneering next-generation Performance Routing tool – Pythia – which offers shipowners an average of 8% savings in emissions and fuel consumption. 

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The maritime industry, often viewed as conservative and measured in its approach to technological integration, is on the cusp of a transformative era with Artificial Intelligence (AI) emerging as a prominent player. Insights from key exhibitors at the upcoming Posidonia Shipping Εxhibition reveal a new landscape, where industry leaders strategically align with the inexorable rise of AI and consider adopting it already.
According to Theodore Vokos, Managing Director, Posidonia Exhibitions S.A., demand for space from advanced technology and innovation companies providing services to the shipping industry has risen significantly for this summer’s edition of Posidonia, which will be held at the Athens’ Metropolitan Expo Centre from 3 to 7 June.
He said: “A comprehensive report on the future landscape of AI in the maritime sector, titled ‘Out of the box’ and produced by Lloyd’s Register and maritime innovation consultancy Thetius, indicates that the market for AI-driven systems and vessel autonomy is anticipated to achieve a collective value of $5 billion by 2028. According to the report, presently there are already 276 active companies identified in the maritime AI segment. The report underscores the significance of proactive investment by maritime organisations in enhancing their comprehension of AI across various levels. It recommends a strategic focus on workforce education and training initiatives to augment awareness of safety measures and regulations pertinent to advanced technologies within the maritime domain.”
EMMIS MARINE S.A., an industrial manufacturer of premium electrical supply and control solutions, signifies a broader industry sentiment. Andreas Miserlis, Owner & CEO, emphasises the industry's advanced technological standing, where AI is recognised as pivotal in addressing current challenges. Miserlis articulates a proactive stance, with plans to incorporate AI into research and development, aligning technology with industry needs. "AI stands at the forefront of meeting the technological demands of the maritime industry. Our commitment to incorporating AI into our R&D department and production lines reflects our proactive approach to staying ahead in the era of digital transformation,” he said.
The maritime manufacturing sector in general, also exemplified by Captain Nemo, foresees rapid AI adoption. The emphasis on data analysis and project development reflects a keen awareness of AI's potential to streamline processes and drive innovation. "With early AI projects already underway, we look forward to incorporating AI in data analysis, automating standards, and developing new projects within the maritime manufacturing sector," said Merkouris Panoutsopoulos, CEO of the company which is preparing for its third consecutive participation at Posidonia.
But the adoption of AI is not only limited to the manufacturing sector, but is also rapidly embraced in the services sectors.
According to Bureau Veritas, “AI is already being adopted by the shipping industry. AI investment rates leave little doubt AI is becoming a key enabler in the digitalisation of the shipping industry, offering benefits such as reduced costs, less risk, reduced emissions, improved forecasting, and faster deliveries through optimised routes. As a class society we are using AI to help make our work – and shipping – safer and more efficient.’ said Laurent Hentges, Vice-President, Digital Solutions and Transformation. As a classification society, BV is leveraging data and AI to optimise its operating modes and services to clients. More specifically, AI supports operations in going from fully physical surveys on board a vessel to partly remote and partly augmented surveys, by leveraging data to build over time optimised and predictive survey schemes, by combining data extraction techniques such as OCR with Robotics Process Automation to gain internal efficiency in their processes, and by enabling Generative AI (LLM Large Language Model), hence building chatbots, which help in responding to client technical queries and provide a quicker and better service.
Verifavia, a company specialising in marine surveying services and auditing, already navigates the challenges and promises of AI. The company believes that AI brings exciting possibilities to shipping, improving navigation, predictive maintenance and compliance. Notably, the company emphasises responsible AI usage, weaving sustainability into the narrative. "At Verifavia, we are using AI where it matters most, especially in voyage optimisation, data quality enhancements and carbon market transparency. We're all about responsible AI, ensuring our solutions contribute to a sustainable future," said Nicolas Duchene, President.
Governmental ship registry services, as embodied by San Marino Ship Register, foresee AI expediting administrative processes and envision that AI will help accelerate ship registration, a testament to the pragmatic applications of AI beyond operational realms. "AI will soon be applied to speed up the process of ship’ registration, bringing efficiency to administrative functions within the maritime sector," said Gianluca Tucci, General Director of the new Registry, which will leverage its participation at Posidonia 2024 to launch its merchant vessel offering.
AI also plays a role in the peripheral services sector of the marine industry, aiding marine travel management companies, like GMT Greece, in predicting travel movements for cost-saving benefits. Additionally, vessel cleaning companies, like Greensea IQ, utilise small robots equipped with AI to enhance the prediction of cleaning routines, enabling more efficient and faster hull cleaning services.
But every revolutionary change has to be approached with care, and companies like N. Bogdanos Marine Bureau Ltd bring a sober perspective to AI in shipping. Adamantios Papapetros, Vice President & CEO, highlights the industry's historical prudence, which will wait for AI technology to be further tested before fully embracing it and applying it on ships. “Shipping historically waits for proven results before adopting new technologies. Applications like unmanned navigation are still away from being applied, however, the lack of skilled seamen will accelerate the introduction of similar applications.” he said.
Drawing from these industry insights and considering broader trends in maritime technology, the future of AI in shipping appears dynamic and transformative. As the industry navigates towards digital maturity, AI is set to play an increasingly pivotal role in optimising operations, ensuring safety, and steering the sector towards a sustainable and technologically advanced future. The Posidonia Shipping Exhibition stands as a testament to the industry's collective recognition of AI's potential, marking the dawn of a new era in maritime innovation.
Posidonia 2024 is organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Hellenic Chamber of Shipping and the Union of Greek Shipowners and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee.

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As global cruise leaders met in Genoa, Italy, the industry issued a call to governments to act to increase production of sustainable marine fuels. Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, estimates that 44,000 tonnes of sustainable marine fuels will be needed in Europe by 2025 to be in line with the 2030 EU decarbonization goals.
At its European Summit in Genoa, CLIA revealed 55 cruise ships are on order representing an investment of €33.9 billion for the next five years. Cruise ships today, and those coming online, are among the most advanced and energy-efficient ships in history, as cruise lines continue to innovate to achieve a vision of net zero emissions by 2050.
While investments in ship technology continue, the availability of sustainable marine fuels at scale is the missing piece in the puzzle. CLIA is calling on governments to help accelerate the transition by setting more ambitious production targets, particularly for synthetic and biofuels.
Jason Liberty, global Chair, CLIA said, “The cruise industry is making enormous investments to lay the foundation for a future of low-to-zero carbon fuels. Collaboration with our industry’s global leaders and changemakers is critical to ensure that sustainable marine fuels are available, affordable, and scalable.
We look forward to strengthening our partnerships with ports, governments, and communities to fully realize the green transition of the maritime sector.”
CLIA is also calling for governments to reinvest the revenues received from maritime as part of the EU Emissions Trading Scheme to fund the necessary infrastructure and support deployment of renewable energy solutions at an accessible price.
CLIA is embarking on a research study to combine fuel infrastructure, technology, and sailing routes to identify the local investment needed for the industry to decarbonize by 2050.
In cooperation with fuel producers and engine manufacturers, the cruise industry is pursuing a variety of sustainable energy sources. These sources include internationally certified sustainable biofuels, and synthetic e-fuels such as e-methane and e-methanol. Other sources being explored as part of hybrid solutions include electric batteries, bio-LNG, e-LNG, methanol, or hydrogen fuel cells.

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A new page opens for WISTA Hellas, that recently proceeded to the renewal of its board of directors, which is called to continue a 30-year successful course of the organization with dynamic and innovative actions.
In the framework of its 29th General Assembly of the Members on Wednesday of February 28^th 2024, the new composition of the Board of Directors of WISTA Hellas is formed as follows:
President: Vivi Kolliopoulou, Insurance Manager at Angelicoussis Group
Vice-President: Akrivi Brikou, CFO at Efshipping Company S.A.
Secretary: Anna Giatra, Shipbroker at Renaissance Shipbroking S.A
Treasurer: Samantha Lourandou, Purchasing Manager - Member of the ESG Committee at Atlantic Bulk Carriers Management Ltd
Member: Maria Kyratsoudi, Business Development Manager at American Bureau of Shipping (ABS).
Ms. Efi Tsolaki, Ms. Katerina Mahera and Ms. Mara Manoudaki have been elected Substitute
Members of the BoD, while Ms. Elina Souli, Ms. Elina Kassotaki and Ms. Ioanna Topaloglou shall serve as members of the Auditing Committee.
The newly appointed President of WISTA Hellas, Ms. Vivi Kolliopoulou, has been an active member of the Association since 2001. She served as a member of the BoD for the first year of the 2004-2006 term before relocating to London due to work commitments. Her tenure continued with WISTA International from 2005 to 2009, when she took the roles of the member and later the Secretary-General of the Executive Committee (ExCo). Vivi has attended numerous conferences, events, and General Assemblies organized by both WISTA Hellas and WISTA International and she has also actively supported WISTA initiatives throughout her career.
She has worked in the field of marine insurance and claims for companies such as Richards Hogg Lindley and The Standard P&I Club, both in Piraeus and London, as well as in New York. In 2009, she joined Thenamaris (Ships Management) Inc. as the head of the Insurance and Claims department. From 2019 to date, she is the Insurance Manager of the Angelicoussis Group. Part of her role is also to attract and develop new talent, always aiming to encourage diversity and inclusion.
The Annual General Assembly was marked by an impressive turnout, with 105 members attending and 33 members represented by proxies. The members received a detailed update on the accomplishments of the Association and endorsed the balance sheet for 2023 and the budget for 2024.
The BoD of WISTA Hellas would like to express its most sincere gratitude to the past BoD members, Ms. Elpi Petraki, Ms. Elina Kassotaki and Ms. Elina Souli for their devotion and achievements the last many years.
The BoD of WISTA Hellas would like to thank the members of WISTA Hellas for their vote of confidence and especially for their loyalty and continuous support to the Association.

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The first-ever Agents Meeting of ERMA FIRST hosted in Athens with the aim to celebrate the success of its global agents network and ensure alignment on the group’s vision amid evolving customer requirements.
The inaugural ERMA FIRST Group Agents Meeting, which opens with dinner on the evening of Tuesday, 27 February, sees agents from 22 countries gather at the Divani Apollon Palace & Thalasso, Athens. With closed sessions taking place on days two and three – and on-site visits on the final day – the event is exclusively for ERMA FIRST Group employees, agents, and partners.
Founded as a specialist in ballast water treatment systems (BWTS), ERMA FIRST has evolved in line with customer requirements to offer a range of future-proof sustainable maritime solutions including alternative maritime power, data acquisition, energy-saving devices, and carbon capture and storage. As the group’s product offering has expanded, so too has its global reach: the largest manufacturer and supplier of marine equipment in Greece is now also a leader in its field globally.
The group’s international growth has been facilitated by an extensive network of agents – companies and individuals providing ERMA FIRST Group products and services to customers worldwide. The inaugural Agents Meeting is an opportunity for ERMA FIRST to not only celebrate its agents’ contribution but also ensure their alignment on the group’s vision: to continue providing cutting-edge sustainable solutions that anticipate the needs of a fast-changing industry.
Konstantinos Stampedakis, Co-Founder & Managing Director, ERMA FIRST, said: “We are excited to be hosting our inaugural ERMA FIRST Group Agents Meeting, which brings agents from 22 countries together, in our home of Athens, for the very first time. In recent years, we have transitioned from a ballast water management specialist to a sustainable maritime solutions provider, but our commitment to the BWTS segment remains strong, and we continue to develop our offering with future-proof products and services that address evolving customer requirements.” Eleni Polychronopoulou, President, ERMA FIRST, added: “ERMA FIRST is a forward-looking company that draws inspiration from the corporate world while maintaining traditional values as a family-owned business. The inaugural ERMA FIRST Group Agents Meeting, as a large-scale partner meeting that also showcases our Greek heritage and hospitality, is an embodiment of this blended approach. It is also an opportunity to celebrate our shared success, in which everyone attending has played a huge part, and to ensure that we are all working towards the same goals in the years to come.”

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The visit marked a significant step in fostering bilateral relations between Switzerland and Greece, highlighting mutual interests in technology, innovation, and collaboration.
During the visit, Swiss Ambassador had the opportunity to tour Accelleron Greece’s state-of-the-art facilities and service station, engaging in discussions with key stakeholders.

Accelleron Greece has hosted the Swiss Ambassador in its premises beginning of February. The visit served as a testament to the strong bilateral relations between Switzerland and Greece.
Accompanied by Mrs. Joanna Thanasis, Trade Attaché, and Mr. Teodoro Lüscher, Academic intern, the Ambassador Mr. Stefan Estermann engaged in discussions aimed at exploring avenues of cooperation and identifying areas of mutual interest for future collaboration. Accelleron Greece holds a pivotal role in the local shipping industry, aligning closely with Switzerland's values of innovation, sustainability, and excellence.
The agenda of the visit included meetings with Top Management where Ambassador Mr. Stefan Estermann discussed topics of common interest. During the visit, Ambassador Mr. Stefan Estermann had the opportunity to tour Accelleron's state-of-the-art facilities, providing the Ambassador with a firsthand understanding of the organization's operations and impact.
In a statement following the visit, Ambassador Mr. Stefan Estermann noted: "Greece and Switzerland are both key players in the global shipping industry. Accelleron, a Swiss company, showcases Switzerland's significant maritime sector with its production of a powerful engine component. As the industry faces decarbonization challenges, success in addressing these issues is paramount for global trade development. The partnership between Swiss and Greek businesses, represented by Accelleron, highlights the importance of collaboration and innovation in navigating these challenges effectively."
John Smyrneos, Managing Director of Accelleron Greece & Cyprus mentioned: “It was a great honor to us to welcome the Swiss Ambassador to our premises, where we showcased our company's products and services, emphasizing their role in helping customers achieve decarbonization targets. We look forward to our further collaboration with the Swiss Embassy in the future and we thank the Ambassador for his visit."
Dirk Balthasar, Head of Global Sales Service, Switzerland stated " As a Swiss company with global reach, the Greek economy holds significant importance to us due to its global importance in the maritime business and long-standing customer relationships. Our service station in Skaramagkas allows to serve our customers on a global scale. We are grateful for the strong relationship between the Swiss Embassy and our team as this greatly supporting us in pushing forward the development of the global maritime industry together with our customers."
As Accelleron continues to position itself as a hub of technological excellence on the global stage, partnerships of Switzerland and Greece serve as catalysts for progress, fostering cross-border collaboration and driving innovation.

ABOUT ACCELLERON
Accelleron is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable, efficient, and reliable power to the marine, energy, rail, and off-highway sectors. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries in which it operates. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide (www.accelleron-industries.com).

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On Feb 27th, 2024, the Annual General Assembly of LIBERTYSHIP CLUB, took place in the historical space of the SS HELLAS LIBERTY – symbolic of Greek shipping’s continued progress - specifically in the Hall of “Captain Vasilis Konstantakopoulos”.
President Ms. Anna Polemis initiated the General Assembly, welcoming Members and Friends of the Hellas Liberty, as well as journalists.
The following honored the General Assembly with their presence: Captain Kostas Fragkos, Captain Panagio?s Gigis, President of ‘ΠΕΠΕΝ’ (Union of Masters & Mates of the Greek Merchant Marine), Mr. Theodosis Stamatelos of Lloyds Register, Ms. Matoula Antonakou of HELMEPA, Mr. Pantelis Papalimperis of DANAOS, Mr. Theodore Kontes of Majestic International Cruises and many members and friends of the Liberty Group, including journalists.
President Ms. Anna Polemis awarded a commemorative plaque to Honorary President Captain Vagelis Kouzilos for his valuable and longtime service to the Hellas Liberty, which was accepted by his son Mr Michalis Kouzilos.
The President of the Group, Ms. Anna Polemis, proceeded with the presentation of the annual report and the Audit Committee Report for 2023 and the General Manager Mr. Dimitris Sarikavazis, presented the budget and objec?ves of the Group for 2024.
A vote followed for the nomination of five new Board members as per below: Athanasios Beis, Ioannis Drakogiannopoulos, Alexandros Lemonidis, Anna Polemis, George Tsavliris, The Members of the Board will be convening soon in order to formulate the composition of the new Board of Directors.

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Navigator Shipping Consultants is thrilled to introduce the NAVIGATOR ASSEMBLY 2024, themed “Forge the Future”.  The event is scheduled to take place on Wednesday, March 13, 2024, at Grand Hyatt Athens, commencing at 16:30 hrs.
The Navigator Assembly stands as a distinguished gathering, uniting key decision-makers from prominent Greek shipping companies. It serves as an exclusive platform designed to foster insightful discussions through roundtable sessions, focusing on pivotal topics within the maritime industry. These include Decarbonization, Human Element, Smart Shipping, ESG (Environmental, Social, and Governance), and Maritime Supply Chain.
Participants will have the opportunity to delve into critical industry issues, exchange perspectives, and explore innovative solutions, driving sustainable growth and development within the shipping sector.
Furthermore, the outcomes of the Navigator Assembly 2024 will be unveiled and discussed at the 23rd NAVIGATOR 2024 – THE SHIPPING DECISION MAKERS FORUM, scheduled to be held in Chios & Oinousses from September 20 to 22, 2024.
Navigator Shipping Consultants cordially invites your esteemed company to participate in and contribute to the success of the Navigator Assembly 2024. Registration is open until March 1, 2024. For registration and inquiries, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.
About NAVIGATOR SHIPPING CONSULTANTS:
Established in 1991, NAVIGATOR has been a mainstay of the Greek shipping sector for more than 30 years, developing a robust network of towing companies and ship agencies around the world, offering tailor made programs to the Ship owning & Ship management companies in more than 1,400 ports worldwide, thus significantly reducing their port costs.
«NAVIGATOR- The Shipping Decision Makers Forum», one of the most traditional shipping events, is organized on an annual basis since 2001, bringing together Shipowners, Executives and Managers of the Shipping Industry worldwide to exchange views and ideas on the most crucial matters of Shipping.

Agenda: https://www.canva.com/design/DAF9_SnaquE/H99E-1ECWRqSEf6x52K8vg/edit?utm_content=DAF9_SnaquE&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton

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Celestyal and the Cyprus Maritime Academy signed a Memorandum of Understanding, concerning their collaboration in the field of maritime education. Under the agreement, Celestyal will offer full scholarships to aspiring cadets of the Cyprus Maritime Academy, thus confirming the company’s commitment to train young talent from Cyprus and the wider region on board its ships.
The partnership aims to empower young cadets through training on Celestyal’s new ships, the Celestyal Journey and the Celestyal Discovery, while thanks to the scholarships, the cadets will gain invaluable experience, as they are getting prepared for a successful career in the shipping industry.
Mr. Chris Theophilides, CEO, Celestyal, who is also a member of the Board of Governors of the Cyprus Maritime Academy, stated: “The collaboration with the Cyprus Maritime Academy reflects Celestyal’s firm commitment to maritime education. Through the scholarships, we provide training opportunities on our new ships and nurture Cyprus’s future talent, thus contributing to the development of the wider maritime industry”
“We are excited to embark on this journey with Celestyal and we sincerely thank the company for its support to our Academy and to the cadets who wish to pursue a career at sea”, said Mr. Nicolas Kythreotis, Executive Director of Intercollege and the Cyprus Maritime Academy. “This collaboration comes as a testament of our shared vision for the advancement of maritime education in Cyprus and the cultivation of skilled professionals in the maritime industry”.

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