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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By Mr Anastasios Maraslis, Founder and President/Director of Marasco Marine Ltd

As a marine risks manager and marine claims consultant with 33 years of experience, I have seen numerous cases where the concept of general average plays a pivotal role in the maritime industry. General average is a principle under maritime law where all parties in a sea venture proportionally share any losses resulting from voluntary sacrifices of part of the ship or cargo to save the whole in an emergency. However, disputes often arise regarding the seaworthiness of a vessel at the commencement of the voyage, particularly when machinery damage occurs.

Understanding General Average

General average requires that the loss or damage must be voluntary and extraordinary, and it must be for the common safety of the ship, cargo, and crew. In such instances, in a (GA) General Average, various parties or interests involved in the maritime adventure share the losses incurred from voluntary sacrifices made for the common safety during an emergency. The key parties or interests that participate in a GA contribution include:

1. The shipowners: who contribute based on the value of the ship and any sacrifices or expenditures they incurred for the safety for the common safety.
2. The owners of the cargo: being transported by the vessel and they contribute based on the value of the cargo saved and any sacrifices or expenditures made for the common safety.
3. Charterers: in case the charterer has an interest on the cargo may also be required to contribute to the GA based on the terms of the Charter party agreement.
4. Freight at Risk: The freight payable for the cargo being transported can also be considered as part of the General Average contribution. If the freight is at risk and has not yet been earned, it is included in the contribution.
5. Crew: Crew Wages and maintenance of the crew during the period of the GA act are considered GA expenses. These costs are incurred to maintain the safety of the vessel and cargo and are thus shared among all GA participants and are included in the GA adjustment, although the crew does not contribute financially to the GA. Their efforts are crucial to the common safety of the vessel and cargo and voyage.

The Onus of Proof: Seaworthiness of the Vessel

The onus of proof regarding the seaworthiness of a vessel at the commencement of the voyage lies primarily with the shipowner. Seaworthiness implies that the vessel is adequately equipped, manned, and maintained to safely undertake the intended voyage. This encompasses the vessel's hull, machinery, and all necessary equipment.

In the case where cargo interests are alleging unseaworthiness to avoid paying their contribution to general average, the shipowner must demonstrate that the vessel was seaworthy when the voyage began. The fact that a vessel was classed and maintained under class before and after the machinery damage strengthens the owner's position but is not conclusive proof on its own.

Establishing Seaworthiness: Key Points

Class Certification and Maintenance Records:

Presenting class certification and maintenance records is crucial. These documents show that the vessel was inspected and deemed fit for service by a recognized classification society. Regular maintenance and inspection logs can demonstrate ongoing compliance with safety and operational standards.

Machinery Inspection and Repairs:

Detailed logs of machinery inspections and any repairs conducted prior to the voyage are essential. These records can substantiate that the machinery was in good working order at the start of the journey.

Crew Competence and Certification:

Proof of the crew’s qualifications and certifications, along with evidence of safety drills and operational training, can further establish the vessel's seaworthiness. A well-trained and competent crew is a significant factor in maintaining seaworthiness.

Previous Cases and Precedents:

Citing previous cases where courts have ruled in favor of shipowners under similar circumstances can be persuasive. For example, in the case of The Good Luck, the court emphasized that regular class inspections and certifications were strong evidence of seaworthiness.

Expert Testimonies:

Obtaining expert testimonies from marine engineers, surveyors, and other relevant professionals can support the shipowner’s claim. Experts can provide independent assessments of the vessel’s condition and the adequacy of maintenance procedures.

Case Study: The Good Luck

In the landmark case of The Good Luck (1992), the court held that a vessel which had been regularly inspected and certified by a classification society was presumed to be seaworthy. The burden of proof shifted to the cargo interests to demonstrate any specific deficiencies that could have rendered the vessel unseaworthy. This case underscores the importance of thorough documentation and adherence to class standards.

In disputes over general average contributions, establishing the seaworthiness of a vessel at the commencement of the voyage is paramount. Shipowners must meticulously maintain records and documentation to discharge their burden of proof. Class certifications, maintenance logs, machinery inspection reports, crew qualifications, and expert testimonies collectively form a robust defense against claims of unseaworthiness.

By presenting comprehensive evidence and leveraging precedents like The Good Luck, shipowners can effectively counter claims from cargo interests and ensure fair contributions to general average.

Being proactive is part of Marasco Marine Ltd ‘s Risk Management and Risk Prevention Culture as it is always far more economical and time saving to maintain diligent records and act proactively managing your risks wisely by seeking expert guidance to navigate these complex waters successfully.

*Marasco Marine Ltd Is an independent Marine Risks Management Company which has over 30 years of marine insurance expertise in P&I and H&M insurance with an unwavering commitment to client’s success, by introducing specialized strategies in Risk Prevention and Risk Management in its daily modus operandi, with additional services such as: safety audits, and the introduction of safety protocols, which is very crucial for its clientele’s P&I and H&M insurance covers and premium cost control. More about Marasco Marine Ltd, its full list of services, unique structure and its Board of Advisors, can be found at www.marasco-marine.com

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As part of the regular meetings and discussions, Propeller of Piraeus organized the Members' Day focusing on the latest developments.
In his greeting, the president of the Propeller Club Kostis Fragoulis emphasized that the Club is developing qualitatively with new members under the slogan Next Working for the future.

Stamatis Tsantanis CEO of Seanergy and United Maritime welcomed the new members and the keynote speaker Sveinung Stohle deputy CEO of Angelicoussis group. The Angelicoussis group is the largest shipping group in Greece with approximately 145 vessels under the Greek flag and a significant number of vessels under construction.
Mr. Tsantanis expressed his satisfaction for the quite remarkable charitable work of the Club which is supported by the companies Seanergy and United listed on the American Stock Exchange. He said that: “The funds raised from the American capital markets have been for many Greek companies a driver for the development of their fleets.
Mr. Tsantanis noted his company's great interest in alternative fuels and that Seanergy has been awarded as a best place to work which demonstrates the company's focus on ESG principles of corporate responsibility.

In his speech, the US ambassador, George Tsounis said that he is proud for the cooperation with the Propeller Club, which represents the potential of Greek shipping.
He reminded that the Greeks are the people of the sea and they have also succeeded in cooperating with the American Stock Exchanges where more than 29 companies have been listed, raising funds for further growth.
He also pointed out that the Greek shipping companies have invested in the efficiency of ships and that he shipyards of Syros and Elefsina have an important role in this important project.

Mr. Stohle's topic was "Navigating Through Challenging Times Towards a Sustainable Future", i.e. he spoke about the sustainable development of shipping in the midst of various challenges.
In his speech, he praised the capacity and adaptability of Greek shipping, an achievement that must be preserved at any cost as the international competition is very tough.
As he said, in times of challenges, a shipping company should focus on its main activity and plan with a long-term horizon.

In this context, innovation and the adoption of new solutions are very important for the future of a company.

Regarding the decarbonization of shipping, firstly the cooperation of all shipping stakeholders will be able to bring the expected results, secondly the efficiency of the existing fleet should be a key priority, thirdly the adoption of a strategy for building ships with dual fuel engines, and fourthly alternative fuels could cause many problems such as ammonia is toxic, methanol has not yet been proven to be completely clean for the environment and hydrogen is very expensive.
However, LNG as fuel is an ideal solution until 2050. At the same time, shipping companies should not forget the continuous training of their staff in safety matters and to maintain long-term relationships with charterers.

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Highlighting on the profound commitment and deep-rooted partnership with the Greek maritime community ClassNK one of the leading classification societies in shipping has proved its capability to deliver customized services tailored to the specific needs of Greek shipowners maintaining the highest standards of service excellence.

In this framework of the fruitful and effective cooperation Mr. Hiroaki Sakashita president & CEO of ClassNK welcomed the distinguished members of the Greek shipping community at Athens Marriott Hotel 15 days before the commencement of Posidonia 2024.

By leveraging expertise and embracing digital transformation ClassNK strive for a more transparent, environmentally friendly, and efficient future for the maritime sector. ClassNK is committed to adaptation and excellence engaging a number of projects and focused on decarbonization and the challenges of future fuels with industry front runners. These steps are part of our broader strategy to support the sustainable actions of the shipping sector and the entire society.

Images:

- Konstantinos Theofanis Markou general manager of ClassNK in Greece, Costas Delaportas President and CEO of DryDel Shipping and Mr. Hiroaki Sakashita president of & CEO of ClassNK
- The team of ClassNK’s senior executives
- Capt Nicos Liadis with his wife Maria Christina Ktistakis from Genimar Shipping, George Liadis technical manager of Genimar shipping with his wife Anna
- Theofilos Xenakoudis managing director of Marshall Islands ShipRegistry office in Piraeus with Theomar’s SHIPMANAGEMENT team Kostas Stamoulis, Ioannis Theodorou, Maria Theodorou, Lefteris Malandris, George Papaleventis
- Costas Delaportas, Diamantis Andriotis from Vafias group and Ioannis Dragnis managing director of Goldenport.
- Shingo (Steve) Ogawa country representative of Mitsubishi Corporation, George Thanopoulos CEO of Neda Maritime and Spyros Vlassopoulos manager of Ionic Shipping
- Costas Markakis from Dorian LPG and Nicholas Kosmatos CEO of Sealink Navigation.
- Capt Costas Liadis manager of Carras (Hellas) S.A., Capt Nicos Liadis, Capt Stamatis Atsidis, Lymperis Liadis senior executives of Carras Hellas and John Ioannidis.

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Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions for the maritime industry, has signed an agreement with WISTA International, the global network for women in shipping. The partnership will provide WISTA members with a suite of OTG e-learning resources, empowering them to advance their maritime careers and contribute to a more diverse and inclusive industry.

The new agreement gives 200 WISTA Members access to the Ocean Learning Platform (OLP) and a comprehensive range of learning titles covering maritime regulatory, safety and risk-based courses for shoreside personnel.

Additionally, WISTA Members will have access to material on interpersonal and behavioural soft skill development, including communication, teamwork, and adaptability, equipping them with the tools to become stronger maritime leaders.

“As an industry, we recognise the critical importance of supporting women in maritime and promoting gender diversity and inclusion. said Raal Harris, Chief Creative Officer.

“This partnership with WISTA International represents a significant step forward in our collective efforts to address gender disparities in the maritime industry, we hope access to our content resources will help to spearhead a wave of female talent progressing in their chosen fields and encourage more women to choose shipping as a career,” he added.

Elpi Petraki, President of WISTA International, underscored the transformative impact of this initiative: “Not only will the OLP provide our Members with the training they need to help develop their careers, but they will also be able to track their progress to gain insights into specific areas of improvement and the next steps to attain their own personal goals. It is all about making sure our Members feel empowered and in control of their own destinies.”

Image1: Elpi Petraki, President, WISTA International
Image2: Raal Harris, Chief Creative Officer, Ocean Technologies Group

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The Panama Maritime Authority signed a Memorandum of Understanding (MOU) with the Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) with which the vessels of the Panamanian Registry will have access to new incentives. 

The purpose of this Memorandum is to establish a collaboration framework between both parties for the development of the “Blue Pass “project, which pursues the creation of a platform that gathers the main actors of the maritime industry of the UAE, altogether with partners and interested parties to offer a series of privileges and facilities of first quality to the main shipping companies and shipowners visiting the ports and waters of the UAE, from all over the world.

The project also seeks to offer incentives and concessions to the yachts and recreational ships docking in the country´s regional waters and to enhance the integration and facilitate mutual services between the suppliers and the participant companies.

With this initiative, the ships of the Panamanian Registry will receive a series of benefits and facilities as priority in the entry and exit from the ports, change of crew, discounts in auxiliary services with all companies, shipyards and other businesses registered in the database of the Blue Pass program.  Likewise, the ships will have access to the shared database, with which they may contact directly with all the suppliers and their discounts for mutual benefit. 

The agreement was signed by Her Excellence Hessa Al Malek, Consultant for Maritime Transportation Affairs from the Ministry of Energy and Infrastructure in cooperation with Captain Rami Omar Al Breiki, General Director of NeoNautica for Ship and Boats Trading LLC, with headquarters in Dubai, while the signature by the Panama Maritime Authority was delegated to Her Excellence Rebeca Pérez Cervantes, Ambassador of Panama in the United Arab Emirates.

This Memorandum of Understanding is enforceable since its signature and will have a validity of two years. It could be renovated with the mutual consent of both parties and the signature of a new memorandum of understanding. 

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Moore Greece has assisted the International Association of Dry Cargo Shipowners (INTERCARGO) with their very first ESG Review. The ESG Review highlights how INTERCARGO’S recent activities relate to each of the pillars of ESG: Environmental, Social and Governance. Echoing INTERCARGO’s commitment to quality dry bulk shipping, the Review also suggests how ESG has become an increasingly important topic for all stakeholders in the dry bulk shipping community.

The Chairman of INTERCARGO, Dr Dimitrios J. Fafalios, expressed his “sincere gratitude to the dedicated professionals at Moore Greece for their effort and skill in preparing this ESG Review”. He concluded that “with the support of all members, INTERCARGO will successfully transition to a future where day-to-day operations of the dry bulk shipping sector are fully aligned with the principles of sustainable development”.

Costas Constantinou, Managing Partner at Moore Greece and Global Maritime Leader of the Moore Network, pointed out that “Moore Greece has been a trusted partner to the Greek shipping community for the past 60 years, proactively responding to needs of the industry for quality and transparency in reporting to their stakeholders. Moore Greece is excited to have been working alongside INTERCARGO and to have helped shape the INTERCARGO 2024 ESG Review”.

Pinelopi Kassani, Governance, Risk & Compliance Partner Moore Greece, highlighted that ‘INTERCARGO’s ESG Review is an important initiative for the dry bulk sector. INTERCARGO’s global outreach as demonstrated by its 250 members and 3.300 vessels, helps bring the ESG discussion of the sector forward by highlighting many of the sector’s common topics that relate to the environment, the society and corporate governance’.

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