The best golf event in Greece and Cyprus, the Greek Maritime Golf Event, returns for its 9^th year on September 7-10, 2023, at Costa Navarino, Messinia, with a full schedule for golf and maritime enthusiasts.

The Competition

On Friday, September 8, participants will register at 08:30 am at The Bay Course Club House to participate in the shotgun scramble, which will take place at 10:00 am at The Bay Course. The teams will enjoy their game with the imposing view of the Ionian Sea, the historic Bay of Navarino, and the picturesque port of Pylos.
On Saturday, September 9, the golf takes action at The Dunes Course in a unique landscape full of centuries-old olive trees. The shotgun scramble starts at 10:00 am with teams vying for the top three positions in the overall standings. At the same time, there will also be special awards for the individual players who will achieve the best scores in the Longest Drive and Closest to the Pin categories.

Side Actions

As every year, the Greek Maritime Golf Event has considered those who do not participate in the tournament. More specifically, non-golfers will have the opportunity to get closer to their favorite sport and learn the basic principles of the Olympic Sport alongside professionals at the Golf Clinic that will take place on Saturday, September 9, at 12:00 pm at The Dunes Course.
The surprises do not stop here for the participants, as on Friday, September 8, the tournament will welcome the participants at the Welcome Cocktail by Marine Tours, while the Prize Giving Cocktail will be held on Saturday, September 9. The Greek Maritime Golf Event will be concluded with every formality at the Prize Giving Ceremony, which will take place on Saturday at 08:00 pm. for the announcement and crowning of this year’s champions.
In the context of this year’s event, the recognized Greek PGA golfer and organizer of the Greek Maritime Golf Event, Mr. Thanos Karantzias, stated: “The best golf tournament in Greece and Cyprus, as recently awarded, returns on September 7-10. We are gearing up for another year of the great celebration of golf and maritime. We are delighted to see such a great response and participation from the maritime companies that have embraced and supported the tournament for nine years. We have prepared several surprises for this year’s event for them, and the participants should expect rich gifts. We expect everyone at the two signature courses of Costa Navarino”.

Watch here the highlights video of last year’s event: https://youtu.be/0Ky68VJI7rQ

IRI/The Marshall Islands Registry is the event’s Platinum Sponsor.
Mainline Shipping Company is the event’s Gold Sponsor.
Aegean Baltic Bank, Arrow Hellas, DNV, Marine Tours and Swift Marine are the event’s Silver Sponsors.
Miele is the Official Sponsor.
Standard Club, Poseidonia Restaurant and Grey Goose are the Official Supporters.
Under Armour is the Official Clothing Partner.
Messinian Spa is the event’s Official Beauty Partner.
Minoa Water is the event’s Official Water.
Karalis Beach Hotel, Miran, Athi Rodi and Daily Deli are the event’s Partners.
Costa Navarino, The Margi, Tsikeli Boutique Hotel Meteora, Arifakis Menswear, Iliada Sunset Suites, Namaste Boutique Apartments and Marmari Bay Hotel are the Auction Partners.
Boo Productions is the Audio Visual Partner.
Greek Maritime Golf Event is organized by Birdie Events, through an initiative of the recognized Greek PGA golfer, Mr. Thanos Karantzias. The Sports Marketing Agency of the Year of ActiveMedia Group has undertaken the event’s Golf Production.
The golf tournament is exclusively addressed to distinguished executives of the maritime industry.
Hashtags: #greekmaritimegolfevent #costavarino

Photo Credit: Greek Maritime Golf Event 

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RINA and AFRY have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen, a key component in climate-friendly energy and industry systems of the future. The results indicate a transformative opportunity to fully unlock the Gulf's immense potential as a cost-effective source of low-carbon hydrogen for Europe.
With abundant Renewable Energy Sources (RES) and Natural Gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products.
The concept of a hydrogen pipeline connecting Qatar, Saudi Arabia, Egypt, and traversing the Mediterranean Sea to Europe may seem ambitious, but initial assessment indicates its feasibility. The analysis shows that a suitable pipeline configuration could transport 100 TWh or approximately 2.5 million tonnes of hydrogen annually. Moreover, by constructing additional pipelines of the same nature, the transport capacity could be significantly scaled up.
The cost of transporting hydrogen through this pipeline is initially seen at approximately 1.2 EUR/kg H2. The Gulf countries, in turn, could supply green and blue hydrogen to the economic hub of Europe at Levelised Costs Of Delivered Hydrogen (LCODH) of around 2.7 EUR/kg starting from the 2030s, decreasing to around 2.3 EUR/kg in the longer term. Recent geopolitical challenges have forced Europe to explore alternative avenues for energy security, including linking the Eastern Mediterranean and Europe by pipeline, which was investigated for the EastMed Natural Gas project. At the same time, the discussion around exporting hydrogen and its synthesis products from the Gulf to Europe is currently revolving around molecule transport by ship. These options receive EU subsidies and drive activity within the gas/hydrogen industry, but they may not be most efficient for bulk transport. A competitive and actionable pipeline project from the Gulf region in the near future could provide a viable and powerful complement.
Antonio Nodari, member of the Executive Management Team at AFRY Management Consulting said: “The collaboration between RINA and AFRY provides a unique and highly interesting view of a significant opportunity to take a step forward in the green energy transition for Europe and the MENA region. As well as understanding the opportunities, the expert team who have worked on this report have a realistic view of the obstacles that need to be overcome and have the solutions to address those challenges.”
Andrea Bombardi, Executive Vice President at RINA said: “Through the combined expertise of AFRY and RINA, this first-of-its-kind study considers routing alternatives, technical parameters and feasibility, especially for the deep-sea pipeline section, geo- strategic framework conditions and top-level economic estimates of a direct hydrogen pipeline link between the Gulf and Europe as an element of an integrated green energy and industry system across Europe and MENA. The findings of the study represent a decisive contribution to boost the hydrogen economy. Together with AFRY, we have identified a potential stable corridor to bring supply and demand together. The scale-up of hydrogen adoption goes through projects like this.”
With more than 600 consultants across 5 continents, AFRY Management Consulting works globally to address challenges and opportunities in the energy, bioindustry, infrastructure, industrial and future mobility sectors through strategic advice, forward looking market analysis, operational and digital transformation as well as M&A and transaction services. AFRY Management Consulting is ranked by Forbes and the Financial Times as a leading management consultancy, is part of AFRY, a leading global engineering and consulting group with 19,000 employees in 50 countries. www.afry.com.  
RINA, leading certification company and engineering company in Italy, provides a wide range of services across the Energy & Mobility, Marine, Certification, Infrastructure & Real Estate and Industry sectors. With net revenues in 2022 of 664 million euros, 5.300 employees and 200 offices in 70 countries worldwide, RINA is a member of key international organizations and an important contributor to the development of new legislative standards.  

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In view of the ratification of the Hong Kong Convention by Bangladesh, which is a principal ship recycling country The Cyprus Shipping Chamber calls the European Union to recognize approved recycling facilities.
The ratification will help satisfy the Convention requirements for entry into force and will thus lead the way for global safe and sustainable ship recycling practices with positive effects on human health, safety and the environment.
With the Hong Kong Convention officially coming into force and recognising the progress that has been made over the past 14 years since its adoption by the IMO, the Chamber considers it imperative that the European Commission adds to the European list of approved recycling facilities, any recycling facility that meets the requirements of the Convention, thus providing a level playing field for end-of-life EU flagged ships, that are now required to be recycled in a small number of recycling facilities included in the EU List, which is not sufficient to satisfy demand and geographic spread for a global industry like shipping.

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Mr. Nicolas Bornozis, Founder, President &  CEO, Capital Link, Inc., was honored with the “2023 Executive of the Year Award” by HABA - Hellenic American Association for Professionals in Finance, on Wednesday, June 21, 2023, in New York, at The Union League Club of New York, in a full room with a large audience of more than 300 people, including prominent personalities of the Greek – American community. The award ceremony was held in the context of the celebration of HABA’s 39th anniversary.
HABA, the Hellenic-American Association for Professionals in Finance, is one of the premier Hellenic-American organizations in the New York metropolitan area. HABA is a not-for-profit organization established in 1982 to promote the professional and educational interests of Greek & Cypriot-Americans and Pan-Hellenes in the banking and finance industries. Over the past 30 years, HABA has had many distinguished speakers, both American and international, in the receptions, lectures, and seminars it has organized. Its current active membership consists of over 200 professionals representing more than 50 institutions across the financial spectrum. Its impact in the community has been recognized by the press, by governments both in the US and internationally.
HABA recognized and honored Mr. Nicolas Bornozis for his commitment throughout his whole career (40+ years), in promoting Greece as a business and investment destination to the international and particularly the American financial community, as well as, in raising the profile of Greek Shipping to a wider audience worldwide.

HONORARY DISTINCTION FROM THE RHODE ISLAND STATE SENATE

Mr. Leonidas Raptakis, Rhode Island State Senator presented Mr. Nicolas Bornozis with one more award, in recognition of his work and lifetime achievements, coming from the Rhode Island Senate and W.H.I.A (World Hellenic Inter-Parliamentary Association), being its President, and on behalf of all the 47 elected Senators in the Greek-American government with Greek origin.

AWARD CEREMONY AGENDA

HABA, President, Mr. Bob Savage, Global Head of Markets, Strategy and Insights, BNY Mellon welcomed all guests. Master of Ceremony was Ms. Alexia Kalfas, Chief Financial Officer, TMV, who organized this year’s successful event together with Mr. Costas Kellas, Treasurer HABA, CEO, Objecutive, Inc.
Many top industry leaders from the public and private sectors, have commented on many occasions on Mr. Bornozis work and contribution and these comments were mentioned during the dinner award ceremony. In particular, the award ceremony started with the broadcast of video statements from the following prominent personalities:

• · Mr. Kostas Karamanlis, former Prime Minister of Greece
• · Mr. Antonis Samaras, former Prime Minister of Greece
• · Mr. George Papandreou, former Prime Minister of Greece
• · Mr. John Paulson, President & Portfolio Manager - Paulson & Co. Inc.
• · Mr. Wilbur L. Ross, former Secretary of Commerce - U.S. Department of Commerce & former Chairman and Chief Strategy Officer - WL Ross & Co. LLC

• · Mr. Michael Parker, Chairman, Global Shipping, Logistics & Offshore, Citi
• · Mr. Ted Jadick, President, DNB Markets, Inc.
• · Mr. Knut Orbeck Nilssen, CEO, DNV Maritime

Additionally, during the award ceremony, introductory remarks were delivered in person, by:

• · Mr. C. Dean Metropoulos, Chairman & CEO - Metropoulos & Co
• · Mr. John Hadjipateras, CEO – NYSE listed Dorian LPG
• · Mr. John Catsimatides, Chairman & CEO – Red Apple Group
• · Mr. Leonidas Raptakis, Rhode Island State Senator – USA

They highlighted the importance of Nicolas's  and his sister’s Olga’s work and contribution to fostering the business relationship between the United States and Greece, to the successful investment flows to Greece, and to raising Greek Shipping’s profile. HABA, President, Mr. Bob Savage, Global Head of Markets, Strategy and Insights, BNY Mellon, handed the award to Mr. Nicolas Bornozis, who offered a short speech. The event Closing Remarks were delivered by Mr. Chris Thomas, Vice President - HABA & Managing Director - Simon Quick Advisors LLC. The award ceremony was honored by the presence and participation of more than 300 prominent guests – personalities, and distinguished Greeks of the Omogeneia, American entrepreneurs, shipowners, and top leaders of the Financial Community of New York.

ABOUT CAPITAL LINK: Founded in 1995, Capital Link is a New York based investor relations, financial communications and advisory firm with a strategic focus on the maritime, commodities and energy sectors, MLPs, as well as Closed-End Funds and ETFs. In addition, Capital Link organizes 18 high quality Investment Forums, webinars and podcasts, focusing on maritime transportation and U.S. investment products in 10 countries in the United States, Europe and Asia, in key industry centers, such as New York, London, Oslo, Hamburg, Athens, Limassol, Shanghai, Singapore, Tokyo and Hong Kong all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens & Oslo.

Tributes: https://youtu.be/6KCFobGapyA

Nicolas Bornozis speech: https://youtu.be/jg4Onb6gpA8

Full Event: https://youtu.be/DiXee8tdZYE

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On the occasion of the 88^th Annual Report of the Greek Shipping Co-operation Committee Mr. Fafalios referred to the global shipping market and geopolitical developments.
“Whilst the Ukrainian conflict has entered into its second year with no sign of any solution, there is also a great amount of turmoil in the world's financial and commodity markets as a result of differing global situations.
As America and other countries are trying to reduce their reliance on China and perhaps put more business into other economies as well as their own, China itself is feeling some uncertainty and is not as confident in its economic progress as it was a year ago.
The fact that interest rates are higher than they have been for many years has made investment decisions riskier, and certain long-term projects are now languishing due to the higher cost of finance.
With all the above, and the necessity to export more energy commodities such as L.N.G., the shipping markets have seen great volatility in every sector. Looking at individual sectors, the container market has lost the sparkle of the last two years but is still at levels that were better than three years ago. However, a very substantial order book will have some effect going forward.
Fortunately, the car carrier sector is still going strong, even with a substantial order book, but with strong demand for car transportation.
The dry bulk market is at present languishing at levels which are not very positive, and there is a great influence from the FFA market, which causes great volatility, as the movement of physical commodities is still quite substantial on a global basis.
The tanker market is not as strong as it was but still is in positive territory, even with a growing order book.
The gas carrier market, especially the VLPG sector, is doing very well, and the LNG sector has a large order book on the back of significant new projects going forward and a positive long-term charter market.
Meeting this demand for modern high-quality tonnage, the Greek merchant fleet continues to remain the world's largest (over 20 percent) and is investing significantly in sophisticated, environmentally conscious, energy-efficient new ships as well as picking up high-quality second-hand units.
By this process of constant renewal, the average fleet age is falling, and the GHG efficiency is rising.
By virtue of its predominant position in the tramp shipping market, the Greek merchant fleet is always the first to adapt to changing global requirements and takes heed of all new regulations, whether global or regional. It is very important to stress that the Greek fleet represent approximately 60% of the total EU tonnage and is that very strategically important to meet the EU’s needs.
With this in mind, we stress the importance to support the global regulator, i.e., the IMO, which has to take a practical and balanced attitude to all legislation, as opposed to some of the more political elements of some regional legislators which do not have the knowledge to see the bigger picture.
The G.S.C.C. itself is always at the forefront of keeping its members closely informed of all these developments and lobbying at the highest levels in order to bring about a coherent legislative program” stated Mr. Fafalios.

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Following a policy of strengthening the Greek Registry Capital Gas Ship Management Corp. has raised the Greek flag on the LNG Carrier 'Aristarchos' (‘ΑΡΙΣΤΑΡΧΟΣ’). ‘Aristarchos’ is now sailing around the world flying the Greek flag.
The ‘Aristarchos’ was built in 2021 at Hyundai Heavy Industries shipyard in South Korea and has a capacity of 174,000 cubic meters. It is a new-generation, high-efficiency vessel equipped with XDF engines, state-of-the-art systems including an air lubrication system, increased load limits (over 99%) and dual-fuel engines. The advanced technology and environmentally friendly features are another milestone in the company’s commitment to sustainable growth and shipping.
The change of flag on the 'Aristarchos' took place at the port of Taichung in Taiwan, in the presence of the Consular Port Authority of Tokyo, the Master of the Hellenic Coast Guard, Mr. G. Mandalakis.
Capital Gas Ship Management Corp. is currently managing a fleet of 20 LNG Carriers with a total carrying capacity of approximately 3.4 million cubic meters and a total dwt of 1.6 million tons. The fleet under management includes vessels of Nasdaq-listed Capital Product Partners L.P. and vessels on order.

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Last year there was a milestone event for TEN as the company completed 20 years on the NYSE. This year TEN celebrates 30 years in shipping, since it started on 10^th of October 1993 and marking another record year of profits.
TEN was also recognized as a crisis resistance company growing out of major global economic disruptions.  TEN has expanded its fleet significantly delivering ambitious newbuilding programs since 1995.
After several crisis 11^th September 2001 terrorist attacks, credit crisis of 2008 and Covid 19 breakout TEN came out stronger investing in new technology ships.
Life is like a marathon rather than a speed race, said Dr. Nikolas Tsakos in his speech during the last general meeting of the company. He pointed out that the debt is in sensible levels around 40-50% to the company’s capitalization and has modernized the fleet with the addition of dual fuel shuttle tankers and LNG carriers. It has also under construction an ambitious newbuilding program of ten vessels.
The company has also paid healthy dividends through market cyclicality during the last 30 years as a public company and 20 years in NYSE.
TEN in its 20-year trading in NYSE has recorded $2.5billion in net income since its NYSE listing and $770million in dividends.
The general meeting was also addressed by the founder of Tsakos Group cap Panagiotis Tsakos who told that he is very proud of the achievements of his son Nikos and his associates in TEN and he expressed his concern for the compelling issue of Greek seamen shortage. 

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As part of our “SAILING TOGETHER” responsibility and sustainability programme, Attica Group has completed the 5th of a series of initiatives aiming to clean the seabed of our islands and protect their marine life.
Following the preceding successful environmental initiatives in Naxos, Kos, Santorini and Paros, the destination to follow was Lesvos. There, our 62 employees with the support of 6 members of their families, along with 20 volunteers from Aegean Rebreath, worked with patience in an effort to carry out underwater and coastal cleaning of Panagiouda port and beach cleaning at the north of Panagiouda palm forest.
The initiative was embraced by the island Authorities and was carried out in cooperation with the Municipality of Mytilene, Panagiouda Village Authorities, the Mytilene Port Authority, the Municipal Port Fund of Lesvos, the Ephorate of Marine Antiquities and the University of the Aegean, Department of Oceanography and Marine Life Sciences.
We take this opportunity to express our sincere thanks and appreciation to Mr. Panagiotis Violatzis, who, among other, offered the use of his fishing boat to facilitate our work. It is worth mentioning that 4 Sudanese refugees being hosted at the nearby refugee structure voluntarily assisted our work.
In the course of the action, the volunteers collected and sorted out, from the seabed: 1,890 objects and 15 sacks of plastic and synthetic polymer objects, 69 wheels and tyres, 212 objects from textile, 589 metallic objects, 124 glass/ceramics, 21 paper/cardboard objects, 50kg of nets and 1,000 kg of chemicals (oils/tar).
In addition to the above, on Sunday, 7 th May, a sampling was carried out to detect and collect micro-plastics from Chryssi Ammos beach.
The aim of these actions is to instil volunteerism and cooperation among our employees and raise awareness within the local communities on issues such as environmental protection, circular economy and sustainable development.
Attica Group is engaged in passenger shipping through SUPERFAST FERRIES, BLUE STAR FERRIES, HELLENIC SEAWAYS and AFRICA MOROCCO LINK operating 35 vessels providing modern, high-quality transportation services in Greece and abroad. Attica’s vessels serve 61 unique destinations in 4 countries, connecting 79 ports transporting over 6 million passengers, 1 million passenger vehicles and 500,000 trucks every year.

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Signal, the diversified shipping services group, whose activities include commercial ship management, software development and investments, has opened up access to its online Tanker Chartering Academy for all. The free to view 10-module program has been created to explain the entire process of fixing a vessel as well as tanker operations, port disbursements and post-fixture activities. See www.thesignalgroup.com/academy for further details.
The Academy program was initially created to help the fast-growing Signal train its shipping professionals, software engineers, and data scientists to ensure that they understand the fundamentals of the tanker shipping business. It is now being made available to Signal customers, partners and the wider shipping & trading community to provide entry level knowledge.
Signal founder Ioannis Martinos said: “Shipping companies have big digital ambitions, but to deliver on those, they need to attract and onboard talent which often has little or no exposure to our industry. How can you build and deploy helpful solutions if your technologists don’t understand the shipping business? Having struggled with this in the past, we built a program based on what really happens in the tanker chartering setting. We’ ve had great internal success with it, so we wanted to share with others.”
He added: “Signal was founded with the vision to bring shipping and technology together.”
Over the past five years Signal has taken on over 100 technologists in London and Athens to develop its suite of digital services. The Signal Ocean platform continuously processes and combines streams of private and public data such as AIS, tonnage lists, cargo lists, vessel positions, port costs, port line-ups, emissions and freight rates.
Using advanced algorithms and AI, data is transformed into private and actionable insights on the freight market. Users can track supply, demand and rates in freight markets, optimally match vessels to cargoes, run profitability comparisons, consider CO2 emissions and use Signal’s patented technology to track and forecast vessel movements across the globe.

Tanker Chartering Academy modules:

• Tanker shipping basics
• Introduction to tanker chartering
• Tanker chartering daily routine
• Cargo selection
• Fixing negotiation
• Tanker operations ecosystem
• Tanker operations key actions
• Bunkering function
• Port cost management
• Post fixture operations

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DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, makes a full vessel data set and DeepSea’s automatic model evaluation tool available for free to the shipping industry for the next 12 months. This is the first time that such tools have ever been made available to the public - and allows innovation, research and technical departments with strong data science capabilities to start exploring AI.
The announcement follows the publication of the winners of the Shifts Challenge 2023. The competition is an international collaboration of academic and industrial researchers, including Cambridge University, and is helping to make shipping a first-class citizen in AI research.
Overall, the Shifts Challenge received 175 submissions from institutional and academic research teams and individuals. The two areas of focus were ship power prediction and white matter multiple sclerosis lesion segmentation. The winning submission in the shipping track was made by a team from IBM Dublin, which proposed a novel approach, harnessing learnings from the wind turbine sector in order to gain new insights from the data provided. Their solution could predict vessel power under a broad set of conditions, recording a 13% performance improvement against the reference model DeepSea provided as a baseline.
The full vessel data set from the challenge will now be provided for use to researchers and technical specialists in the maritime industry, and can be accessed via Zenodo (an open-source research database operated by CERN). DeepSea intends for it to help support the development of robust vessel models across the industry - something essential in enabling the sector to cut costs and cope with environmental regulations.
Commenting on the Shifts Challenge, Dr Nikitakis, DeepSea’s AI Director, said: “We were delighted to see the diverse set of solutions that the competitors provided. We’re also pleased to be opening this AI environment up to the whole of the shipping industry. We are always trying to “fight the hype” around AI, and there is no better way than giving the public the tools to explore - and evaluate - their own AI solutions. Perhaps later down the line we will put on a similar challenge for all AI providers in the industry - we hope they’ll take us on!”
Commenting on their winning submission, Seshu Tirupathi from the IBM Dublin team, said: “Challenges in making inferences on data with distribution shifts can be expected to gain increased importance with the exponential growth of data and real-time monitoring applications. This sort of research is extremely important, as it avoids unreliable predictions that may lead to life-threatening situations. Avenues like the Shifts Challenge provide ground truth from real-world data that is essential to develop and validate robust algorithms in the space of distribution shifts and concept drifts.”
Dr. Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, said: “Though AI is still a relative newcomer to the shipping sector, it has already proven itself as an exceptional tool for those looking to optimise fuel consumption, emissions, and industry ratings. Like any other cutting-edge research area, this technology can only develop as part of an ecosystem, and the Shifts Project is (amongst other things) designed to help catalyse and support this movement.  Industrial AI is a field where BS is rife, and it’s these sort of initiatives that help the industry to know who to trust.”

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