The Institute of Chartered Shipbrokers (ICS) Greek Branch and Alba Graduate Business School held the  5th Summer School “Shipping in Action”, from July 7 to 10, 2025.

The Summer School offered an exceptional academic and experiential learning opportunity to a group of undergraduate students from Greece and abroad, combining high-level lectures, real-world company visits, and cultural experiences. Participants attended a four-day intensive programme designed to provide an overview of the commercial shipping sector, with an emphasis on current trends, environmental challenges, and strategic decision-making in maritime operations and chartering.

Epaminondas Kalinderis, Technical Director at Optimum, introduced participants to the fundamentals of shipping company operations through his session “Introduction to Shipping Management”. Dr. Alexandros Glykas, Director of DYNAMARINE Co. and Lecturer at Alba, led the session “New Technologies and the Environment”, exploring technological advancements and their relationship to sustainability and environmental challenges in modern shipping.

Simon Ward, Director of S&P at Ursa Shipbrokers S.A., presented “Buying and Selling Ships: How to Invest and Divest, and Make a Profit”, offering practical insights and investment strategies in the sale and purchase of vessels. Tino Orfanos, Director of S&P and Projects at Oceanus Tankers Ltd. and Lecturer at ICS, introduced students to the world of freight markets through the session “The Shipping Markets and Introduction to Chartering”, focusing on the art of matching ships with cargoes.

To complement classroom learning, students visited some of the most prominent shipping companies in Greece such as Angelicoussis Group, where students were introduced to the structure of one of the world’s leading shipping companies.

Danaos Shipping Co. Ltd. welcomed students for an in-depth visit that included presentations on the company’s structure, fleet operations, and the dynamic environment of liner shipping.

Last, Seaven Tanker & Dry Management Inc., welcomed students at an unforgettable visit onboard a cement carrier in Drapetsona, Piraeus, providing hands-on experience of shipboard operations. These visits offered students valuable exposure to the inner workings of modern shipping companies, helping them connect theoretical knowledge with real-world applications.

Both Alba and ICS are leaders in maritime education and professional training in Greece. Alba offers three specialized postgraduate programs in shipping, designed to meet the demands of this dynamic industry. ICS provides professional maritime education through its Professional Maritime Programme, leading to ICS Membership, a mark of professionalism and excellence for maritime professionals globally.

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Marlink, a leader in managed services for business-critical IT solutions, has signed a definitive  agreement to merge its 100% owned subsidiary Telemar Group with TNL Group, the Athens-based maritime specialist in high-quality technical, navigation, and safety services to the Greek shipping industry.
As a key component of Marlink Group’s Possibility Platform, the merged entity will be a top three player in the maritime and superyacht OT/IoT service market, with more than 250 employees providing managed and professional services.

The combined entity will allow customers to accelerate digital transformation, with smart maintenance and bridge OT security forming part of an integrated, managed services ecosystem designed to support smarter, safer, and more sustainable maritime operations.

The merger was signed and closed on 9 July 2025, marking a further milestone in Marlink Group strategy to expand its presence and capability as a provider of managed services globally. TNL’s long-standing strong position in the Greek maritime sector and its unparalleled local insight and operational excellence combines seamlessly with Telemar’s 80 years of experience serving global customer markets from its base in Italy.

The new entity will provide the following customer benefits:

• Expanded service and solution coverage to new and existing customers providing global coverage with a local presence;
• Remote bridge diagnostics for maritime customers providing time and cost-optimised maintenance;
• Enhanced safety services with annual survey and inspection of critical components simplifying compliance.
• Telemar CEO Mike Bauwens will lead the expanded operation which will co-ordinate service delivery and customer success across global offices in Europe, US and Asia with continued support from TNL’s Evangelos Andriotis and Panagiotis Spanos.

About Telemar

For over 75 years, our maritime journey has been fuelled by expertise and innovation. We’re not just a service provider; we’re your maritime partner, offering a dynamic blend of bridge electronic solutions, onboard and maintenance services. Wherever you're located, we’re here to assist in equipping, digitising and optimising your remote business operations using state-of-the-art bridge electronics, on-board and Smart Maintenance services with cutting-edge network solutions. Through continuous innovation, expertise, and applied technology, we unite systems and people with a forward-thinking approach. At Telemar, we're not just creating solutions; we’re unlocking Possibilities. Anywhere.

Image: Mike Bauwens, CEO, Telemar, Evangelos Andriotis, CEO, TNL, Erik Ceuppens, CEO Marlink Group and Panagiotis Spanos, Managing Director, TNL

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Crew members onboard a Liberian-flagged, Greek-owned ship that was attacked in the Red Sea have abandoned the vessel and were rescued, according to a British maritime agency.

The attack, which took place some 94km (51 nautical miles) southwest of the Yemeni port of Hodeidah on Sunday, was the first such incident in the vital shipping corridor since April.

The United Kingdom Maritime Trade Operations (UKMTO) said the bulk carrier Magic Seas was first “engaged by multiple small vessels” that “opened fire with small arms and self-propelled grenades”.

All of the crew abandoned the ship and were rescued by a passing merchant vessel, UKMTO said, adding that “all crew are well and safe”.

Ambrey, a private British maritime security firm, said in a separate advisory that the ship was attacked by four unmanned surface vehicles [USVs].

“Two of the USVs impacted the port side of the vessel, damaging the vessel’s cargo,” Ambrey added. The vessel Magic Seas is controlled by the company Stem Shipping.

Ambrey said the attack matched the established Houthi target profile.

A second attack on a Liberia-flagged, Greek-operated bulk carrier in the Red Sea in 24 hours has left two dead and two injured among the crew.

The ship was sailing 50 nautical miles west of the Yemeni capital, which is controlled by the Houthi rebel movement.

The vessel, Eternity C, was attacked with sea drones and skiffs off the port of Hodeidah.

The vessel is controlled by the company Cosmoship management. Two crew members were seriously wounded and two were missing, the company said, adding that armed security guards were on board.

The vessel’s bridge was hit, telecommunications had been impacted and contacting the crew was hard.

The Eternity C was en route to Jeddah in Saudi Arabia when it was struck. 

“The vessel has been attacked by multiple rocket propelled grenades from small craft. Authorities are investigating.

Vessels are advised to transit with caution and report any suspicious activity to UKMTO.

The International Association of Dry Cargo Shipowners (INTERCARGO) has condemned the recent armed attack on the Magic Seas, a bulk carrier operating off the coast of Yemen. The vessel reportedly came under fire from small boats, according to a bulletin issued by the UK Maritime Trade Operations (UKMTO) on 6 July.

INTERCARGO represents the interests of the global dry bulk shipping sector and advocates for the safety, efficiency, and environmental performance of bulk carriers worldwide.

Chairman of INTERCARGO John Xylas said:”Seafarers are not targets. “We are deeply shocked by the attack on the Magic Seas and our thoughts are with the crew. These are innocent people, simply doing their jobs, keeping global trade moving. No one at sea should ever face such violence.

“The safety of seafarers must come first. We urge all relevant authorities to act decisively to protect those at sea and uphold international law.

“INTERCARGO stands firmly with our members and all those affected.”

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Kongsberg Maritime has been awarded a significant contract by Samsung Heavy Industries (SHI) to supply integrated technology packages for nine new Dynamic Positioning (DP) Shuttle Tankers.  

The vessels are being constructed for Greek shipowner Tsakos Group and will be a bare-boat charter by Brazilian energy logistics company Transpetro, supporting offshore operations in Brazil’s pre-salt oil fields.

Each of the nine vessels will be equipped with a comprehensive suite of Kongsberg Maritime systems, reflecting the complex operational profile of shuttle tankers operating far from shore.

The scope of supply includes the K-Pos DP2 system ensuring precise station-keeping capabilities in dynamic offshore conditions. Kongsberg Maritime will also deliver its K-IMS Information Management System and the K-Chief Integrated Automation System, providing centralised control and monitoring of vessel operations.

To support propulsion and power management, the vessels will feature the AutoChief 600 propulsion control system, while the K-Gauge (CLS) tank level gauging system will ensure accurate and reliable cargo monitoring.  

A complete single Controllable Pitch Propeller (CPP) shaftline with an 8.6m propeller is also part of the Kongsberg Maritime delivery.

Together, these systems form a fully integrated solution designed to enhance safety, efficiency, and environmental performance across the fleet.

“This contract highlights the strength of our integrated technology offering and our ability to support complex offshore operations with reliable, efficient, and future-ready solutions,” said Tommy Andree Hove, Sales Director - Advanced Offshore Units, Kongsberg Maritime. “We are proud to collaborate with SHI, Tsakos, and Transpetro on this strategically important project.”

Construction of the vessels will take place at SHI’s shipyard in South Korea, with deliveries scheduled to begin in 2027.  
Image: Kongsberg Maritime will supply integrated technology packages for nine new DP Shuttle Tankers for the Tsakos Group

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The Annual General Meeting of Shareholders of PPA S.A. was held in full compliance with all applicable procedures and with a quorum of 83.56%. 

During the Annual General Meeting, shareholders were thoroughly informed on all agenda items and on the tangible results stemming from the implementation of PPA S.A.’s strategy.

It is noted that all items on the agenda were approved by a broad majority, including the Annual Financial Statements and the Distribution of Dividend to the shareholders of the Company for the fiscal year 2024 (from 01.01.2024 to 31.12.2024). The dividend amount, as proposed by the Board of Directors, was set at a gross amount of €1.92 per share, marking an increase of 43.7% compared to the year 2023.

Specifically, the key figures of the Annual Financial Report for the year 2024 are as follows:
Total revenue for the year amounted to €230.9 million, representing an increase of €11.1 million or 5.0% compared to the previous year (€219.8 million in 2023). Profit before tax amounted to €112.9 million, compared to €96.2 million in 2023, marking an increase of 17.4%, while profit after tax reached €87.5 million, up by 30.8% compared to €66.8 million in 2023.

The above financial results represent the highest performance in the history of PPA S.A., both in terms of revenue and profitability, confirming the Company’s continued growth trajectory for the fourth consecutive year.

The Chairman of PPA S.A., Mr. LIN Ji, who presided over the General Meeting, expressed his appreciation to the shareholders for their trust, as well as to the Management and staff for their continuous dedication and contribution.
In his statement, he noted: “The consistently upward trajectory of PPA S.A., as reflected in the financial results of recent years, highlights the success of our strategy for the substantial upgrade of the Port of Piraeus. Our targeted decisions regarding the port’s operation and management continue to strengthen Piraeus’ role as a key transshipment and commercial hub in the Mediterranean and Europe. With a focus on quality, reliability and efficiency, we are steadily investing in modern port infrastructure and integrated services, shaping a competitive environment that meets the evolving needs of the market. At the same time, our commitment to environmental responsibility and sustainable development remains unwavering. We invest in actions that generate a positive impact for society, the environment and local development—laying the foundation for a resilient port with consistency and long-term vision for future generations.”

Following the conclusion of the Annual General Meeting, the Company’s Management presented awards to, Mr. Yiannis Moralis, Mayor of Piraeus, and Mr. Nikos Arvanitis, in recognition of their valuable and long-standing contribution as members of the Board of Directors to Piraeus Port Authority.

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Chalkis Shipyards S.A., a leading player in ship repair and refit services, has officially received ISO 14001:2015 certification from Bureau Veritas, recognizing its robust Environmental Management System.

This achievement highlights the shipyard’s ongoing dedication to reducing its environmental impact through structured waste management, pollution prevention, and energy-efficient practices. It also complements Chalkis Shipyards’ existing certifications in ISO 9001:2015 (Quality Management) and ISO 45001:2018 (Occupational Health & Safety), reflecting a well-rounded commitment to operational excellence.

With this latest certification, Chalkis Shipyards strengthens its position as a responsible and forward-looking partner in the maritime industry, integrating sustainable practices across all aspects of its operations.

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ABB has signed a 15-year service agreement with Royal Caribbean Group, a vacation industry leader with a global fleet of 67 ships across its five brands traveling to all seven continents, deepening the long-standing partnership to support the company’s ship performance goals. Covering 33 existing ships, the comprehensive agreement includes preventive maintenance and digital solutions to support and optimize propulsion operations, improve vessel safety, maximize fleet availability, and ensure fast turnaround times for planned Azipod® propulsion servicing. Financial terms were not disclosed. 

“Our collaboration with Royal Caribbean Group spans nearly three decades, beginning with the installation of Azipod® propulsion on one of the world’s largest cruise ships at the time,” said Juha Koskela, President of ABB’s Marine & Ports division. “Since then, we’ve partnered on numerous pioneering projects. This service agreement marks an important milestone in our journey together and highlights the critical role of ABB’s solutions in modernizing and maintaining the performance of one of the world’s most innovative cruise fleets.”  

“This agreement exemplifies how a shared commitment to innovation can unlock new opportunities to improve progress toward ship performance goals,” said Palle Laursen, Royal Caribbean Group EVP and Head of Marine. 

From its creation over three decades ago to its leading position in shipping today, Azipod® propulsion has revolutionized marine transport by delivering unparalleled gains for performance, efficiency, sustainability and reliability. The gearless, steerable propulsion system, with the electric drive motor in a pod outside the ship’s hull, can rotate 360 degrees to increase vessel maneuverability and efficiency, while cutting fuel consumption by up to 20 percent compared to conventional shaftline systems. Since the first installation on a cruise ship over 25 years ago, Azipod® technology has saved more than one million tons of fuel in the cruise segment alone.  

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com 

ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps process, hybrid and maritime industries outrun – leaner and cleaner.

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Tototheo Global, one of the leading provider of advanced connectivity and technology solutions for the maritime and enterprise sectors, has announced the expansion of its long-standing partnership with global content and connectivity service provider SES. Under a new four-year agreement, Tototheo will enhance its capacity to deliver scalable, high-speed VSAT services worldwide by leveraging SES’s Commercial Maritime Service and advanced high-throughput GEO satellite infrastructure.

This renewed collaboration reinforces Tototheo’s ability to meet the accelerating digital demands of modern shipping operations. By integrating SES’s infrastructure into Tototheo’s proprietary TM Flex Suite – which offers dynamic traffic management, link bonding, and hybrid connectivity -customers will benefit from intelligent, flexible, and resilient communications across global trade routes.

Access to the powerful GEO HTS and widebeam network of SES’s Commercial Maritime service ensures consistent service delivery around the world. This agreement supports both standalone and pooled service models, enabling fleet operators to manage bandwidth allocation more efficiently, with greater scalability, and cost control.
This partnership aligns with Tototheo’s broader strategy to offer hybrid connectivity across all orbital layers, GEO, MEO, and LEO, providing the agility needed to navigate today’s complex operational, regulatory, and cybersecurity environments. As the maritime sector continues its digital transformation, Tototheo remains steadfast in its commitment to delivering high-availability, future-ready connectivity.

Despina Panayiotou Theodosiou, co-CEO of Tototheo Global, commented: “At Tototheo Global, our mission is to deliver reliable, adaptable and future-proof connectivity. I’m proud to share the extension of our long-standing partnership with SES through a new multi-year agreement. This collaboration enables us to further enhance our global service offering, giving our customers even greater reach, performance, and flexibility. With SES’ advanced satellite capabilities, we reaffirm our commitment to quality, innovation, and the evolving needs of the maritime industry.”
Nadine Allen, Global Head of Enterprise & Cloud of SES, welcomed the expanded partnership: “We are delighted to extend our cooperation with Tototheo Global through this new agreement. It enables Tototheo to benefit from SES’s high-performance, flexible VSAT connectivity to support their global customers. SES’s Commercial Maritime service combines GEO HTS and widebeam satellites with scalable capacity, delivering reliable service across major shipping routes.”
The agreement marks a significant milestone in the partnership between Tototheo Global and SES and underscores their shared commitment to delivering next-generation connectivity that enables smarter, more efficient, and more connected fleets.

About Tototheo Global: Tototheo Global is a leading provider of advanced connectivity and technology solutions, dedicated to optimizing performance across various sectors, including maritime and land enterprises. The company’s services include satellite communications, navigation systems, digital transformation services, AI, IoT, and comprehensive cybersecurity solutions. Leveraging decades of experience, Tototheo Global delivers innovative, efficient, and tailored solutions for a diverse clientele.

Sustainability and reliability are at the forefront of Tototheo Global’s mission. The company advances digital transformation through state-of-the-art technology and robust connectivity. By integrating AI and IoT, it enhances operational efficiency, offering intelligent insights for smarter decision-making.

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Bureau Veritas Marine & Offshore (BV) convened the 38th Hellenic Marine Technical Committee meeting in Athens on June 24, reaffirming its commitment to supporting the Greek shipping community in navigating the complex challenges of decarbonization, innovation, and regulatory compliance.

The meeting opened with a welcome address from George Sarris, Chairman of the Committee and President of Enterprises Shipping & Trading S.A., who underscored the enduring importance of knowledge-sharing and collaborative action in an evolving regulatory landscape. George Andreadis, Marine Chief Executive for Greece at BV, welcomed participants and emphasized BV’s continued dedication to providing strategic and technical guidance for the maritime sector in Greece.

The first session of the meeting began with Dr. John Kokarakis, Technical Director for the SEEBA Zone, presenting key regulatory updates from MEPC 83 and beyond, offering attendees a forward-looking view on upcoming compliance priorities. Maria Lambardaki, Project Developer for the SEEBA Zone, followed with an impact study on the IMO’s net-zero framework, analyzing the implications of long-term carbon reduction targets for shipowners and operators.
Bill Stamatopoulos, Global Business Development Director at Verifuel, addressed the role of biofuels as a transitional energy source, highlighting both technical potential and implementation challenges in the context of 2035 emission goals.

The second session spotlighted the future of propulsion and fuel technologies. Julien Boulland, Sustainability Strategy Leader, introduced advancements in wind-assisted propulsion systems, while Vassilios Dimoulas, Technology & Innovation Director for the EMA, presented a comparative analysis of ammonia versus LPG as fuel in dedicated carriers.
The event concluded with an open discussion moderated by Vassilios, focusing on energy efficiency in current ship operations, encouraging exchange on best practices, technologies, and performance metrics shaping the operational fleet today.

George Andreadis, Marine Chief Executive for Greece at Bureau Veritas Marine & Offshore, said: “The 38th Hellenic Marine Technical Committee meeting once again demonstrated the strength and resilience of the Greek maritime community. As the industry navigates toward 2030 and beyond, collaboration on technical innovation and clear regulatory pathways will be key. Bureau Veritas remains committed to enabling this transition by offering deep expertise, local insight, and global solutions.”

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Investing in Excellence and Innovation, SYN-ENOSIS, the social contribution vehicle of the Union of Greek Shipowners, offered a record number of 130 scholarships for the 2025-6 academic period, continuing the program from 2023, plus 100 scholarships for postgraduate studies in Greece and abroad.

With the judging committee is constituted by John Xylas, Konstantinos Karoussis, Nikolaos Veniamis and Alexandros Papas, with the contribution of academic personalities.

SYN-ENOSIS offered 130 scholarships this year to young graduates who continue their studies in the field that have chosen to make a career, taking advantage of the Union of Greek Shipowners’ scholarship program.

Ms. Lina Mendoni, Minister of Culture, praised the initiative of social responsibility which has a multiplying effect, emphasizing that the program does not only concern maritime and economic studies but a very wide range such as culture, health, etc.

In her speech, Ms. Melina Travlos pointed out that SYNENOSIS has contributed 130 million euros to social responsibility actions over the last 10 years.

This year's scholarship program granted 130 scholarships with a total offering of 5 million euros sponsored by 67 donors, a fact that makes it the largest in Greece.

The scholars come from 21 regions of Greece and will study in Greece and 10 foreign countries, 6 Greek and 45 universities all over the world.

In her closing, Ms. Travlos called on the scholars to make positive changes in their lives and to open new paths for a better country by honoring the value of excellence and the ΑΙΕΝ ΑΡΙΣΤΕΥΕΙΝ.

It should be emphasized that the event took place at the Columns of Olympian Zeus at the landmark of ancient Athens in a climate of emotion and pride.

Good luck!

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