A breakthrough initiative concerning the utilization of alternative fuels was adopted by Seanergy Maritime Holdings Corp, through its wholly-owned subsidiary Seanergy Shipmanagement Corp., being the first Greek-based shipping company to accomplish a strategic partnership in the European Union Funded SAFeCRAFT Project Consortium (“Safecraft”).
Safecraft aims to demonstrate the safety and viability of Sustainable Alternative Fuels (SAFs) in seaborne transportation, accelerating the adoption of SAFs technologies. Seanergy will provide one of its existing, conventionally fueled Capesize vessels as the demonstrating vessel under Safecraft which will be retrofitted to utilize hydrogen (H2) as the main energy source for electric power generation. This system is also expected to cover a portion of the vessel's propulsion requirements and, therefore, to reduce reliance on conventional fuels. Seanergy will oversee the feasibility study and the retrofitting of the equipment in cooperation with Hydrus Engineering S.A., American Bureau of Shipping, National Technical University of Athens, MOTOR OIL (Hellas) Corinth Refineries S.A., University of Patras, Dresden University of Technology, RINA Services SPA, Pherousa Green Technologies AS, Foundation WEGEMT and University of Strathclyde, aiming to physically demonstrate this groundbreaking technology’s applicability to the existing maritime fleet. This visionary project has a duration of 48 months starting from December 2023 and will be co-funded by the consortium partners and the European Union’s key funding program for research and innovation, the “Horizon Europe” program, aligning with the FuelEU Maritime 2040 targets and demonstrating a decisive ambition to achieve a 26% reduction of CO2eq in an existing vessel. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We are the first Greek-based shipping company on this groundbreaking project. The strategic partnership with the European Union and key industry stakeholders is another major achievement of our Company towards our global ESG objectives. Safecraft is advancing our proven strategy of making the current vessels more efficient and potentially reducing radically GHG emissions by utilizing alternative fuels and new technologies on the existing fleet. “This prominent combination of world-renowned stakeholders consists of classification societies, engineering and industrial firms, the academic community, as well as the European Union. Our collaborative approach will actively contribute to the development of green solutions for the existing fleet, revealing solutions that have an immediate impact.” Vasileios G. Petousis, the Company’s Energy & Sustainability Manager, stated: “We actively pursue advanced operational and technical initiatives that place Seanergy at the forefront of a greener maritime industry as a notable example. “We strive for a more sustainable course of operations and we constantly evaluate and further improve the Company's ESG milestones in an effort to meet the global environmental targets through tangible and proven solutions.” About Seanergy Maritime Holdings Corp. Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the U.S. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. The Company's operating fleet consists of 17 vessels (1 Newcastlemax and 16 Capesize), with an average age of approximately 12.8 years and an aggregate cargo carrying capacity of 3,054,820 dwt

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Okeanis Eco Tankers (OET) announced that its common shares will commence trading on NYSE from and including December 11, 2023. Simultaneously with the NYSE listing, the common shares of OET will be secondary listed on Oslo Bors.
The Company’s common shares will be traded on the NYSE under the ticker code “ECO” and on the Oslo Bors under the ticker code “OET”.
Okeanis Eco Tankers has issued a very positive market update, with its VLCCs well ahead of current spot earnings.
The New York and Oslo – listed company said that for the fourth quarter of last year, it is expecting a daily time charter equivalent rate of $45.300.
For the VLCCs, earnings will be $45.200 per spot day, with suezmaxes on $45.500.
The latter figure includes 147 days of fixed time-charter revenue from two ships. Spot earnings are estimated at $51.800.
However, so far in the first quarter, Okeanis has booked 61% of VLCC spot days at an average of $76.100, while suezmaxes are on $59.300 for 41% of spot days.
The entrance of OET in NYSE market was sealed with the ringing of NYSE opening bell by the company’s founder and president Mr. Yiannis Alafouzos.
The fleet of OET consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.

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The Republic of the Marshall Islands (RMI) Registry achieved a new milestone surpassing 200 million quality gross tons and nearly 5,600 vessels. This landmark achievement spotlights the RMI as one of the top registries in the world in both quality and size. “Two hundred million gross tons is an incredibly important milestone for the RMI Registry, highlighting our long-term commitment to client service and quality shipping,” said International Registries, Inc. (IRI) President Bill Gallagher. “This accomplishment is the result of the expert technical support, quality administrative service, and collaborative approach we take to achieve success.” The RMI Registry has doubled the tonnage of its fleet since 2014, reflecting the commitment IRI, which provides administrative and technical support to the RMI Registry, has made investing in decentralized operations and providing efficient client service from its 28 offices worldwide. The RMI Registry is the only registry in the world to achieve 19 consecutive years on the United States Coast Guard’s QUALSHIP 21 program and remains white-listed with both the Paris and Tokyo Memorandums of Understanding (MoU). “The RMI Registry has been internationally recognized as a quality flag State thanks to our excellent port State control records. This latest milestone underscores that owners and operators value our long-term commitment to high-quality compliance and excellence in client service, making us the Registry of choice,” noted IRI’s Chief Commercial Officer, Theo Xenakoudis. Over the last several decades, IRI has made strategic investments in building a worldwide team of experts to address the evolving needs of the market. These investments include the opening of new offices throughout Asia, Europe, and the Americas in key maritime and financial hubs. Additionally, IRI has formalized specialty teams in gas and renewables to provide dedicated technical support to owners and operators engaged in addressing the challenges of digitalization and decarbonization. An increasingly innovative passenger cruise market is supported by a dedicated Cruise Team that coordinates with owners, shipyards, and stakeholders to bring fresh designs and creative ideas to life. “IRI offers access and service that is unmatched by any other registry,” Xenakoudis said. “We provide personalized service in a wide range of maritime sectors – from yachts to offshore support vessels. We work with leading classification societies, owners, operators, and stakeholders in the maritime industry to ensure that our expert technical team is part of the dialogue as companies explore advanced technologies and new solutions. These partnerships allow the RMI Registry to remain an industry leader for owners looking for expertise and a high quality flag State experience.” For more than 75 years IRI has focused on building a high-quality Registry with best-in-class customer service. Through its network of 28 worldwide offices, IRI provides clients with 24/7/365 technical and administrative support in local time, often in the local language, efficiently meeting the individual circumstances and needs of each client. Recognized for its practical solutions and flexible thinking, IRI provides support for clients as they transition to new technologies and solutions to meet forthcoming changes. “IRI has long been committed to quality service and support,” said Gallagher. “Our mission is to support RMI owners and operators as they do business efficiently and effectively around the world.”

Image: International Registries, Inc. (IRI) President Bill Gallagher & IRI’s Chief Commercial Officer, Theo Xenakoudis

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Neptune Lines proceeded to the further expansion of its fleet through the Genesis Project. This latest expansion involves the addition of two next-generation vessels, following the recent order of the first two of the same series. This brings Neptune Lines’ total newbuilding orders to four vessels through the Genesis Project, marking a significant milestone in the company’s strategic fleet enhancement.
The Genesis Project exemplifies Neptune Lines’ role as an industry pioneer, driving positive change in the maritime sector. Through technological innovation and a deep-rooted commitment to the environment, Neptune Lines is navigating a sustainable course for the future of global shipping. This expansion enhances the company’s commitment to leading the maritime transport sector into the new era of sustainability and technological advancement.
The addition of two more 4200 CEU LNG DF PCTC (Pure Car Truck Carrier) vessels is a key component of Neptune Lines' strategic plan to bolster its fleet over the next decade. These vessels are poised to increase cargo capacity by 36% compared to the current core fleet vessels, while seamlessly aligning with global emission reduction objectives.
Continuing the successful collaboration established with the first two vessels of the Genesis Project, Neptune Lines reaffirms its partnership with Deltamarin for the co-design of the two additional vessels. The company also remains engaged with Fujian Mawei Shipyard in China for their construction, ensuring  the highest safety standards. Delivery is anticipated in 2027.
Neptune Lines has demonstrated a remarkable improvement in environmental performance, evidenced by a 52% reduction in carbon intensity by the end of 2023, compared to the 2008 baseline. This trajectory is set to continue, with the company on track to achieve a 68% improvement in intensity profile by the end of 2030. These figures surpass the current IMO targets by a substantial margin and they also underscore Neptune Lines’ environmental strategy and dedication to “Wake Forward”.
Neptune Lines, a member of Neptune Group of Companies, is a leading finished vehicle logistics provider, offering transportation and shipping solutions to manufacturers and shippers of vehicles and high & heavy cargoes. Founded in the roots of Greek shipping and entrepreneurial courage, the company was established in 1975 and has grown to be amongst the most prominent players in vehicle logistics in Europe. The company operates regular liner services in more than 40 ports in 27 countries counting 3,000 port calls and 1.6 million miles on an annual basis, across North Europe, Mediterranean, Black Sea and the Far East. In 2023, Neptune Lines has moved 1.7 million units. Its extensive range of 22 PCTC vessels enables optimal flexibility and can cater for a wide range of cargo, while achieving economies of scale across its network. 
Guided by its mission, deep-seated in its 50-year heritage, Neptune Lines centers around its customers, delivering excellence through bespoke solutions - tailored to their needs.  Neptune Lines constantly adapts, changes, and progresses, expanding further across the finished vehicle value chain,while embracing its responsibility towards the environment.

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The Cyprus Shipping Chamber completes this year of 35 Years of successful operation and contribution to Cyprus Shipping, to the Economy and Society. In view of this important milestone, of 35 years since its establishment, 26 January 1989, the Cyprus Shipping Chamber organised a Press Conference on Monday, 29 January 2024, at the Chamber’s office in Limassol, during which, a short presentation was made on the various activities that the Chamber will organise during the year.
As widely known, the Cyprus Shipping Chamber is the trade association of the Cyprus Shipping Industry and is one of the largest national shipping associations worldwide, with more than 200 Member-companies in Cyprus and abroad. The main purpose of the Chamber is to promote the interests of Cyprus Shipping and to continuously further the reputation of the Cyprus flag. At the same time, the Chamber acts as a lobbying group for the promotion and safeguarding of the legitimate interests of its Members.
Within the framework of its 35 Years milestone, the Chamber, will organise various business, social and charity events, which are expected elevate the status of Cyprus Shipping by attracting significant local and international shipping professionals.
Throughout the years, the Chamber’s events have attracted notable individuals both from home and abroad, highlighting the broad recognition it enjoys. At the same time, through the number of charity events it will host this year, it will strengthen even more its social contribution to Cyprus society.
This year’s activities include its annual high level business functions, addressed to executives of the Cyprus Shipping Industry, its Member Companies as well as Government and Political Party officials, two Blood Donation Drives, a Charity Beach Volley Tournament, a special event for the “Adopt a Ship” Programme, culminating the  celebrations with a Shipping Charity Marathon along with various other social gatherings.
The Chamber’s Refreshed Logo, a symbol of its journey and growth, was also presented during the Press Conference. On Friday 26 January 2024, the Chamber held its first business event for 2024, an “Official Dinner” attended by the President of the Republic of Cyprus and various other of high-level Government Officials, Political Parties, Business associates and Shipping Industry professionals.

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Tototheo Maritime established a partnership with Orion Reederei, a prominent ship management company based in Germany, in a transformative move towards enhancing connectivity and crew well-being.
Orion Reederei manages a fleet of approximately 40 bulk carriers and is deeply committed to the welfare of its crew and operational efficiency. Recognising the critical importance of reliable and seamless communication at sea, Orion Reederei has joined forces with Tototheo Maritime to harness the cutting-edge capabilities of Starlink, aiming to advance connectivity and crew satisfaction.
Captain Sosnowski, Master of M/V ‘Pax’ noted, “The crew can now effortlessly communicate with their families and friends, share important moments, and access valuable information, regardless of our location. Starlink’s dependable, high-speed internet access offered has significantly enhanced their overall well-being and morale onboard.”
“We are thrilled to partner with Tototheo and offer our crew members the benefits of Starlink’s advanced satellite connectivity,” said Mirko Labenda, IT Generalist at Orion Reederei. “Our crew’s well-being is of utmost importance to us, and by providing reliable and high-speed internet access, we are ensuring they can stay connected with their families and friends while delivering their duties effectively. Tototheo’s expertise and support throughout the installation process have been exceptional.”
Tototheo remains committed to delivering innovative and reliable satellite communication solutions to its clients worldwide.
“We take pride in collaborating with Orion Reederei as they strive to provide top-notch connectivity and crew welfare on their vessels,” said Despina Panayiotou Theodosiou, co-CEO at Tototheo Maritime. “This partnership underscores our shared vision of embracing cutting-edge technology to meet the evolving needs of the maritime industry. The positive feedback received from Orion Reederei’s crew members reinforces the importance of reliable and high-speed connectivity at sea. We are excited to continue supporting Orion Reederei in extending Starlink across their fleet, ensuring their crew remain connected.”
This agreement marks a significant chapter in the partnership between Tototheo Maritime and Orion Reederei, where reliable connectivity and crew welfare take center stage.

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With 1000+ participants every year, attendees can expect an informative networking forum connecting them to the shipping industry's key players, including influential members in the financial community, such as commercial and investment banks. This one-day conference, known for its large attendance by shipowners, its rich informational content and the extensive marketing, networking and business development opportunities.
Featuring the institutional and industry leadership of global shipping, this forum will address the industry's main trends and challenges, as well as the opportunities that lie ahead and strategies to compete in an increasingly complex and demanding world.
Today's global landscape is impacted by major trends such as geopolitics, energy security, increasing regulation, deglobalization, a slowing world economy, higher interest rates, shifting trade volumes with China, which has been the locomotive for global shipping and commerce, and more. In this environment, the role of shipping as the link in the global supply chain remains vital and despite the challenges it creates significant opportunities across the various market segments.
This year's Capital Link Greek Shipping Leadership Award will be presented to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP) ; Chairman - INTERTANKO (2014-2018), in recognition of TEN reaching the milestone of 30 successful years as a public company & his outstanding contribution to Greek & Global Shipping.
KEYNOTE ADDRESSES will be delivered by Mr. Arsenio Dominguez, Secretary General of the IMO * H.E. Christos Stylianides – Minister of Maritime Affairs & Insular Policy of Greece * Ms. Melina Travlos, President - Union of Greek Shipowners (UGS) ; Chair of the Board - Neptune Lines * Mrs Fotini Ioannidou - Head of Unit, Directorate-General for Mobility and Transport - European Commission

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On the occasion of GSCC (Greek Shipping Cooperation Committee) New Year pitta cutting, Mr. Haralambos Fafalios in his speech described the latest geopolitical events and climate crisis incidents that affect the world shipping industry.
He said: “The world has moved significantly on from the pandemic into an era of several significant wars going on, namely the Ukraine and Gaza.
To add to that we have a regional conflict in Yemen, which very significantly affects our business.
Primarily from the perspective of crew safety as well as potentially severing one of the most significant arteries of world trade i.e. the Red Sea and Suez Canal.
In fact, as this problem has been spreading, it might even affect the access to the Persian Gulf.
Against this backdrop, the low water levels in the Panama Canal seems a bit less worrisome but the effects to world maritime trade are all there.
As usual, the world shipping industry has been doing its best to counteract these issues and see to it that all nations are still receiving their wet and dry commodities as well as manufactured goods on time and on schedule.
Inflation is slightly abating itself but still the world’s most significant economic zones are coping in different ways.
Europe itself is just short of recession and has many elections to decide on its future direction.
The Far East, except for China, is still progressing forward as is India. China will have to take some very difficult economic decisions if it is to resuscitate various ailing parts of its economy.
Whilst the U.S. economy is moving strongly, an election in the autumn will leave voters with two relatively stark choices so far.
The world has learnt to live with sanctions and its effects on maritime trade has been significant as it has created a parallel universe of a fleet with few controls, which is involved in the transport of sanctioned commodities.
In the last twelve months all these factors have helped some sectors of the shipping markets and hindered others.
The tanker sector, both dirty and clean, enjoyed a fruitful and positive twelve months.
The gas carrier fleet, especially the LPG sector, reached new record highs in their freight rates.
The container sector has cooled down a lot and a very substantial orderbook does not bode well for the future.  Interestingly, the car carrier market has been more fortunate with a record demand for vehicle transportation.
Dry bulk went through an unexceptional year, occasionally brought up by the odd FFA induced rally.
Apart from all these challenges, world shipping has been trying to adjust to a low carbon environment. Few realistic solutions at all have been provided by the technology suppliers such as ship and engine builders and the energy suppliers who have still not given us a real low carbon fuel on a well-to-wake basis. This is especially the case for tramp / bulk shipping.
The fuels that are being offered do not, at present, have a global bunkering network and in some cases are not proven to be safe, especially for seafarers.
So, it does the industry no good to add to its headaches with instruments such as ETS, CII, EEXI, which do not in any way encourage a path towards green shipping.
The fact that world shipping transports more than 90 per cent of world trade, in a manner which is more carbon efficient than any other mode of transport, speaks highly of shipping’s continuous aim of lowering its carbon footprint.
The Greek shipping industry itself, one of two largest in the world, is engaged in a very substantial newbuilding programme in all sectors in order to provide vessels suitable for the future.
As the Greek fleet itself carries most of the world’s tramp trade, i.e. dry bulk, gas and tanker, it has to be more versatile than any other fleet and adhere to the requirements of every nation and its legislative conditions.
In order to reach a net zero situation sooner rather than later, we urge all those who supply us with ships and fuels to increase their efforts to reach real solutions, to efficiently serve the tramp model.
We also think that legislators ought to supply more carrot and less stick in order to encourage progress as opposed to filling up their fiscal shortfalls.
The G.S.C.C. itself, being based in London, has the advantage of being close to all the major shipping bodies and has a close dialogue with all these organizations as well as non UK-based institutions. We are always working towards improving the global understanding of what Greek and world shipping does and how it goes about this in a seamless and low carbon manner.
We still urge the Greek government to upgrade the maritime education system and allow more private education establishments.
If the Greek flag is to survive the surrounding bureaucracy, it must improve itself significantly.
We cannot stress enough the need for Greece to have more permanent representation at the E.U. and the I.M.O. in order to increase the understanding of the maritime industry.
The Hellenic Coast Guard must remain an important backbone to the Greek maritime system with its global representation.
Most importantly, of all our gratitude goes to all our seafarers, who endure so many challenges every day and are rarely appreciated for their hard work.
World trade would not function without their selfless efforts every day of the year keeping ships trading from one port to the other whilst encountering rough seas and challenging port environments.
Those working in shipping offices ashore must also not be forgotten for all their hard work in keeping this vital industry functioning smoothly”.
Concluding Mr. Fafalios thanked G.S.C.C. colleagues for their dedication and hard work and in particular to Kostas Amarantidis and his team for running this organization so efficiently in these difficult times.
Image: Mr. Haralambos Fafalios, President of the Greek Shipping Co-operation Committee

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The newly built ship is the first containership of its newbuilding program, the “Zim Sparrow”, a 5,300 TEU containership.
“We wish her fair winds and following seas,” said Navios in a post on the company’s social media.
Navios Maritime Partners has developed into a colossus as it operates a total of 180 ships of various types.
Angeliki Frangou modernizes its fleet by selling old vessels and sealing deals for newbuilds, while it expands into areas that will promote Navios long-term prospects, such as the recent tanker deals which the company entered into with various oil majors.
On the occasion of the financial results of Navios for the third quarter of 2023, Angeliki Frangou commented on the shipping markets: “The United States and Euro zone economies are generally healthy. 
However, the wars in Ukraine and Israel coupled with inflation and a transition in the interest rate environment have contributed to making this one of the most dangerous times in memory. Despite these factors, the shipping market is healthy, and Navios has performed well.”
“We continue to focus on things that we can control, such as reducing leverage, being eco-friendly through modern, energy efficient vessels and expanding into areas that will promote our long-term prospects, such as the recent tanker deals we entered into with various oil majors.”
The Greek shipowner agreed to acquire last year four 115,000 dwt newbuilding scrubber-fitted Aframax/LR2 tankers, for a purchase price of $61.25m each.
It also agreed to acquire four newbuilding Japanese MR2 product tankers under bareboat contracts, and a 2019-built kamsarmax of 81,692 dwt (previously chartered-in) for a purchase price of $28m.
The acquisition of the kamsarmax ship was completed in October 2023.

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Wallem Group has partnered with the Chinese automaker BYD by providing commercial services for its first fully chartered PCTC vessel, MV BYD Explorer No. 1. The vessel has completed its first loading operations and is on its inaugural voyage to Europe.
Wallem Group is providing BYD with day-to-day support on vessel operations including cargo stowage, route and bunker planning, and is liaising between the vessel, owner, and charterer. In addition, Wallem Group is working closely with BYD to explore possibilities to support the group on all other maritime functions such as cargo bookings and vessel performance management.
The PCTC vessel set sail from Yantai and Xiaomo ports in China, marking the first addition to BYD’s ‘sea fleet’. Utilising LNG as the primary fuel for its main engine and generators, the vessel boasts environmentally friendly features, significantly reducing carbon, nitrogen, and sulphur oxides emissions.
Anurag Mathur, Managing Director, Commercial Services, Wallem Group said: “We are proud to partner with BYD in providing commercial services for its inaugural vessel. Wallem’s Commercial Services aims to add efficiency not only to vessel performance but also to the charterer’s port, bunkering and cargo operations. We are also pleased to collaborate with a partner who holds sustainability at the heart of their business”.
About Wallem
Wallem Group is a leading provider of technology driven maritime solutions, offering services supporting the complete lifecycle of a vessel from newbuilding supervision to end-of-life recycling guidance. Wallem’s extensive portfolio includes asset management, crewing, training, ship management, safety and compliance management and agency services.
As one of the largest and most experienced solutions providers globally, Wallem offers world-class support to shipowners by bringing its customer-centric and transparent approach to all aspects of fleet operation. Wallem combines technology and forward-thinking to deliver on safety, technical, and commercial performance without compromise. Wallem believes in collaboration to foster innovation in meeting future needs.
Wallem operates globally with a shore-based team of 700 people and 7,000 highly qualified seafarers, serving nearly all vessel segments.

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