For 20th consecutive year, the New York Stock Exchange in cooperation with Capital Link organized a special ceremony, titled “GREEK AMERICAN ISSUER DAY» at the New York Stock Exchange – NYSE”, honoring Greece and Celebrating the Close Ties between the US, the Greek American and the Greek Business Communities, during which Greek & Greek American companies listed on the New York Stock Exchange, together with Greek Government representatives participating in the 26th Annual Capital Link Invest In Greece Forum, rang the “Closing Bell” at the New York Stock Exchange.

The «GREEK AMERICAN ISSUER DAY» was organized within the context of the 26th Annual Capital Link Invest in Greece Forum Series titled “Greece - Speeding Ahead Post Investment Upgrade” that had took place the previous day. The Forum was held with great success, on Monday, December 9, 2024 in New York, in cooperation with the New York Stock Exchange, the Athens Exchange Group (ATHEX Group), and major Global Investment Banks & Organizations. It attracted over 1,000 delegates.

The New York Stock Exchange (NYSE) flew the Greek flag on Wall Street alongside the US flag, which was a moment of pride for the Greek Government Delegation and high-level executives representing shipping and other companies listed on the New York Stock Exchange, as well as representatives of companies that participated in the Invest in Greece Forum the previous day, on December 9.

The active support and participation of NYSE, the world’s largest stock exchange, enhances the prestige and the visibility of Greece to a wider international investment audience. It also shows the stable support of NYSE to Greece, the Greek companies, the Greek shipping industry and the Greek American Diaspora. The US Capital Markets are a major source of capital for a growing number of companies of Greek interest and the New York Stock Exchange is playing a leading role in this.

Ms. Tara Dziedzic, Head of US Listings at NYSE, welcomed the Greek Delegation and the NYSE listed companies. She highlighted the long-standing relationship between the New York Stock Exchange and the Greek and Greek American business communities, and also pointed out that NYSE’s commitment to the Greek American diaspora, the Greek shipping and business community and the listed companies, remains strong.

Following Ms. Dziedzic’s remarks, Dr. Nikolas P. Tsakos, Founder, President & CEO, TEN Ltd. (NYSE: TEN), and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, each delivered brief remarks in honor of the day. They referred to the increasing attractiveness of Greece as a business and investment destination, the internationalization of Greek businesses, the close relations between the United States and Greece across the board and also thanked the New York Stock Exchange for the long-standing cooperation and support and for hosting today’s event.

Minister Staikouras reminded that when he first participated in this event in 2019 ringing the Closing Bell, he had mentioned: “Greece is Coming Back”. Today, he can say “Greece is Back” and he reiterated the Greek Prime Minister’s message delivered at the Capital Link Forum the day before that “the Best is Still to Come”.

Dr. Tsakos highlighted the 22+-year journey of TEN as a NYSE listed company and emphasized the critical role of Greek shipping in global commerce and trade and the global supply chain.

Prior to the closing bell ceremony, an exchange of commemorative gifts took place between Ms. Tara Dziedzic, Head of US Listings - NYSE, Dr. Nikolas P. Tsakos, Founder, President & CEO, TEN Ltd. (NYSE: TEN) and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, former Minister of Finance.

H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, having very recently officially inaugurated with Prime Minister Kyriakos Mitsotakis the underground metro system in the Greek city of Thessaloniki, the “Thessaloniki Metro”, presented to Ms. Tata Dziedzic a commemorative plaque with the Thessaloniki Metro logo (limited edition).

CAPITAL LINK Commemorative plaque to NYSE with the occasion of the 20^th Greek-American Issuer day

Mr. Nicolas Bornozis, President of Capital Link presented to Ms. Tara Dziedzic a special commemorative plaque in appreciation and recognition of NYSE’s more than two decades of support to Greece, Greek Entrepreneurs, the Greek Maritime Community and the Greek- American Diaspora, fostering growth, collaboration and friendship.

This special ceremony, “GREEK AMERICAN ISSUER DAY” AT NYSE has been taking place for 20 years in a row. 

Ringing the Closing Bell

Dr. Nikolas P. Tsakos, Founder & CEO of TEN Ltd. (NYSE:TEN), and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, rang the “Closing Bell”, closing the trading session on Tuesday, December 10th, 2024, of the NYSE-New York Stock Exchange, accompanied by: Ms. Tara Dziedzic, Head of US Listings - NYSE, representatives of the Greek Government, H.E. Ekaterini Nassika - Ambassador of Greece to the USA, H.E. Alexandra Sdoukou, Deputy Minister of Environment & Energy, and NYSE listed companies: Mr. Panayiotis Peter Contis, Vice President Ameresco Inc. (NYSE: AMRC), Mrs. Anamaria Xenohristos, Founder of CAVA Group, Inc. (NYSE: CAVA), Mr. Ted Xenohristos, Co- Founder & Chief Concept Officer of CAVA Group, Inc. (NYSE: CAVA), Mr. Peter Hadjipateras, Chief Information, Security And Sustainability Officer- Dorian LPG (NYSE: LPG), Mr. Ted Petrone, Vice Chairman of NAVIOS MARITIME PARTNERS L.P. (NYSE:NMM), Mr. Harrys Kosmatos, Co-Chief financial Officer TEN (NYSE: TEN), Mr. Panagiotis Tsakos, Jr. TEN Ltd. as well as the organizers of the Capital Link Invest in Greece Forum, Ms. Olga Bornozi, Managing Director – Capital Link, and Mr. Nicolas Bornozis, President - Capital Link.

The event was broadcasted live on major news stations in the United States and abroad to an estimated audience of 150 million viewers worldwide.

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Bringing 40 industry-leading executives to explore the latest advancements in maritime technologies and innovation, ABS recently hosted the 13th Hellenic Technical Committee Meeting in Athens, Greece,.

Chaired by Dr. Chris Leontopoulos, ABS Vice President, Corporate Technology, Europe, the meeting featured a lineup of insightful sessions covering a wide range of topics including onboard hydrogen production, the evolving landscape for nuclear installations and nuclear-powered ships.

The meeting concluded with a discussion on the latest IACS developments, providing attendees with the opportunity to share their perspectives and insights. Reflecting on the meeting Dr. Chris Leontopoulos said “As we look into the future, it is imperative to continue investing in research and development to unlock the full potential of emerging technologies for the marine and offshore industries. Collaboration among key stakeholders is crucial in driving more efficient and sustainable marine operations”

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The event was opened by Philippe Louis-Dreyfus, Chairman of CCIFG’S Maritime Committee and Laurence Auer, H.E. Ambassador of France in Greece who they extended their appreciation and admiration to the Greek shipping industry.

Christos Stylianides, Minister of Maritime Affairs and Insular Policy also addressed the event and pointed out that the Greek government follows a strategy of compliance to IMO carbon emissions rules.

Mr. Philippe Louis-Dreyfus, Chairman of Louis-Dreyfus Armateurs was the keynote speaker of the forum. He expressed his confidence that we can turn the decarbonization challenge into an opportunity.

The conference included two distinguished discussion panels regarding the Greek shipbuilding industry and the decarbonization path of shipping.

The first panel consisted of the following speakers: Panos Xenokostas, President & CEO, ONEX Shipyards & Technologies, President of B.o.D., Hellenic Shipyards Association, Miltiadis Varvitsiotis, CEO Skaramangas Shipyards, John Dragnis, CEO Goldenport Group, Farid TRAD, Vice President Bunkering & Energy Transition, CMA CGM, George XIRADAKIS, President Association of Banking & Financial Executives and moderator Yannick Le Gourieres, Managing Director, Head of Shipping & Offshore Finance-Americas Credit Agricole CIB.

The second panel discussed the issue of new fuels.

The introductory comments were made by Vassilios DIMOULAS, Technology & Innovation Director, Bureau Veritas Group, who presented “BUREAU VERITAS WHITE PAPER”.

The panel included the following speakers: Eirini Arvanitaki, Managing Director Vessel Performance Solution, Constantinos Capetanakis Bunker Director Star Bulk, George Perantzakis, Technical Manager Dynacom Tankers Management Ltd., Kostas Polydakis, CEO - MM MARINE Inc., Mercuria Energy Group, Katerina Prifti, Head of HSQE and DPA Laskaridis Shipping CO LTD and Moderated by Paillette Palaiologou, Senior Vice President BV M&O Division, East Europe, Mediterranean Sea, Middle East, Africa and India (EMA), Bureau Veritas Group.

Pierre LEONIDAS, Head of Legal and Institutional Affairs, French Maritime Cluster and Ιoannis TRICARDOS, President CCI France Greece presented the conclusion of the forum.

Speakers marked that regulations must be proved an opportunity for shipping.

However, the shipping companies must also adopt a number of operational improvements such as high efficient hull coating, propeller ducts & fins, monitoring systems, voyage optimization, etc.

The decarbonization of the maritime sector represents tremendous challenge that will considerably transform maritime transport.

It nevertheless represents a unique opportunity through which the combination of policies, innovations and investments that can (and must) lead the maritime sector to become a key player in the fight against climate change, while opening economic opportunities for the industry.

This means strengthening cooperation between public and private players, who must explore all the solutions that already exist, while supporting the innovations of tomorrow, which together will enable us to achieve this major eco-energy transition.

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The 15th edition of Lloyd’s List’s annual ranking of the most influential people in shipping finds the industry in a state of flux.

This year’s list is still replete with the bold moves, power plays and from a list of the most important industry players.

12 Maria Angelicoussis, Angelicoussis Group

Principal and chief executive of Greece’s largest shipping group is writing new chapters of her own into an illustrious family history

Spectacular move into shuttle tankers puts financial clout and vision of the major shipowner on display

16 Evangelos Marinakis, Capital Group

Mercurial Greek owner has a bold longer-term vision, yet remains a pragmatic deal-maker

Flagship publicly listed company led by Marinakis has been rebranded Capital Clean Energy Carriers and is on track to become the largest US-listed energy transition fleet

17 Magda Kopczynska, Kurt Vandenberghe and Fotini Ioannidou, European Commission

Europe is preparing to splash the cash to boost its growth — and shipping wants in

Shipping groups will make the case to a new European Commission that spending to create a local green fuels industry is the right way forward for the bloc, the industry and the planet

20 George Prokopiou, Dynacom/Dynagas/Sea Traders

Lest some splashy real estate purchases should sow confusion about the Greek owner’s main business focus, just take a look at the orderbook

Innovator Prokopiou has doubled down on his choice of conventional fuel for a new generation of tankers and bulkers

24 Angeliki Frangou, Navios

In the face of uncertain times, the disciplined shipowner keeps the focus on aspects that she can control

Consolidation of dry bulk, tanker and container fleets into one diversified entity allows Frangou and US-listed Navios to take advantage of market dynamics

26 Melina Travlos, Union of Greek Shipowners

Association's president is both at home on a global stage and in leading Greek shipping’s social efforts in its home country

In her first term heading the largest national shipowning association, Travlos has excelled at building industry coalitions and communicating shipping’s positive mission

33 George Economou, TMS Group

Shipowner, art collector and now tech bro looks like he’s having a lot of fun riding the waves

Economou’s TMS Group has one of the largest private newbuilding orderbooks and is looking to future-proof itself in a new energy transition partnership with Lloyd’s Register

35 Kostis Konstantakopoulos, Costamare

Chief executive is continuing to stake out a broader footprint in shipping as the Greek company turns 50

While the traditional container shipping franchise has been reliably producing strong results, Costamare has also been decisive in jumping into other sectors

37 Petros Pappas, Star Bulk Carriers

Greek shipowner has emerged as one of the few consistent consolidators in the fragmented dry bulk shipping sector

The recent merger with Eagle Bulk was a coup for Pappas and his team

49 Peter G Livanos, GasLog/DryLog/EcoLog

Shipowner with a long historical lineage has always looked well into the future to position himself

Greek owner is to the fore in exploring CO2 and hydrogen shipping but remains a force in LNG shipping and dry bulk

63 George Logothetis, Libra Group

This year marked the end of an epic containership asset play for the executive chairman

One of the greatest traps in shipping is to get greedy and try to time cycles too closely. At the Libra Group, Logothetis has thrived for decades using a counterintuitive mantra: buy cheap and sell expensive

76 Nikolas Tsakos, Tsakos Energy Navigation

Few, if any, have led a public shipping company on such an even keel for so long as this chief executive and president

By opening the country’s first private marine academy, the Tsakos family is being true to its shipping roots, but also showing how to combine doing good with being smart

83 Elpi Petraki, Enea Management/Wista

President celebrates her second year as the organisation representing women in shipping reaches its 50-year milestone

Alongside the IMO, Petraki-led Wista is running the second Women in Maritime Survey, a critical source of information on gender diversity in the industry 

87 Semiramis Paliou, Diana Shipping/Helmepa

Highly experienced owner has widened the horizons for the two publicly listed shipping companies she helms

Leadership of the shipping-linked environmental organisation Helmepa reflects Paliou’s progressive and sustainable beliefs

98 Costas Grammenos, Bayes Business School

Business school professor has guided and educated the most successful executives across the shipping industry for decades

Prof Grammenos received yet another honorary doctorate this year as he celebrated the 40th anniversary of the Costas Grammenos Centre for Shipping, Trade and Finance.

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The WISTA Hellas Gala Dinner & Awards Ceremony that took place on Monday 19^th of December at the Athens Marriott Hotel brought together members, supporters, and industry leaders for a night dedicated to excellence, inclusion, and fostering a future of opportunities for all.

Among the Highlights of the Evening WISTA Hellas proudly honored exceptional women who lead by example.

Ms. Semiramis Paliou, recipient of the Leadership Award, recognized for her impactful roles in shipping through Diana Shipping., her dedication to marine environment protection as President of HELMEPA - Hellenic Marine Environment Protection Association and INTERMEPA and her commitment to actively pursuing and supporting diversity and the empowerment of women throughout her career.

Mrs. Rodiani Giagkidou, Vice Commander and Mrs. Katerina Xanthou, Lieutenant of the Hellenic Coast Guard, celebrated for their outstanding contributions to the Coast Guard, acting as role models for young women.

The evening was more than an awards ceremony; it was a celebration of the values and commitment that drive our mission, a warm exchange of wishes for the festive season, and a reflection on the vital role WISTA Hellas plays in the Greek shipping industry.

As Mrs Vivi Kolliopoulou, president of WISTA Hellas stated: “Thank you to everyone who joined us in making this event truly memorable. Together, we continue to empower, inspire, and lead the way forward”.

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With the aim to take advantage of Golden Destiny’s long term and valuable expertise and legacy in the shipbroking sector Intermodal Shipbrokers proceeded to the acquisition of the company.

Intermodal announced that: “We are privileged to announce that we are welcoming Mr. Michalis Kokkinis, his skilled staff and the legacy of Golden Destiny into the Intermodal team. 

For over 30 years, Golden Destiny has been a trusted and respected name in the maritime service industry, synonymous with reliability and integrity in our sector. This transition allows us to carry forward their history and expertise in a respectful and thoughtful manner, whilst ensuring business continuity for Golden Destiny's valued clients and employees and allowing us to remain steadfast in our vision for the future, maintaining our core values and mission. 

This is a natural evolution of our path, and we are proud to be the custodians of such a rich heritage while forging ahead with our own”.

Michail D. Kokkinis Founder and Managing Director Golden Destiny S.A. commented: “Since 1994, Golden Destiny has been a recognizable and respected name in the international shipping industry in the shipbroking sector. Over the past 30 years, Golden Destiny has been instrumental in negotiating hundreds of ship sales and purchase transactions, has been a trusted partner for several entrepreneurs and investors that entered the shipping industry and became prominent shipowners, and has been consulting many veteran shipowners and banks in their investments from all over the world. Furthermore, Golden Destiny, has trained a lot of shipbrokers that are presently serving the international shipping industry, from various esteemed shipbroking firms, instilling in them values that make the Greek shipbrokers respected around the world.

In our effort to maintain, strengthen and improve on the level of service to our industry, without compromising our values and ethics, we have found a trusted partner with similar values, operations and heritage as our own in INTERMODAL Shipbrokers CO., founded by the veteran shipbroker Mr. Kyriakos Dermatis. INTERMODAL Shipbrokers that is now being led his son Mr. George Dermatis will be driving the vision and goals of our company to the next generation.

This collaboration is beyond an operational consolidation, as like-minded seasoned professionals with a great depth of know-how and network are joining forces to improve on the level of service adapting to the changes in the industry as dictated by the market forces.

I would like to personally thank you for your support all these years and we are inviting you to continue our voyage together under the strengthened INTERMODAL Shipbrokers brand that will soon celebrate its 40th Anniversary”.

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The Institute of Chartered Shipbrokers Greek Branch held its 19^th Annual Forum, on Wednesday, 27^th of November 2024, with the theme “SHIPPING BEYOND BORDERS”.

This year’s event took place with physical attendance at the Eugenides Foundation, while it was broadcast live around the world and attended online by hundreds of friends and Members of the Institute.  Among the distinguished guests was H.E. Mr. Matthew Lodge, His Majesty’s Ambassador to the Hellenic Republic, who later addressed the audience during the Awards Giving Ceremony.

A welcome address was made by Ms Natalia Margioli - Komninou FICS, Managing Director of the ICS Greek Branch and Hellenic Management Centre. Ms Margioli-Komninou emphasized the international presence of ICS and highlighted Greek Branch’s dedication to excellence in maritime education and professional development. She mentioned that the Branch has educated 4,000 students to achieve ICS Membership, a prestigious mark of competence in the shipping industry. This success is attributed to the commitment of expert tutors who inspire and shape the next generation of professionals. She concluded that with over 10,000 professionals benefitting from corporate training programs, ICS continues to support both individuals and organizations in adapting to the evolving industry while the Company Membership scheme is now open to companies that wish to benefit from the ICS’s international recognition and expanded business networks.

Mr Nicolas A. Tsavliris, FICS, Chairman of the ICS Greek Branch and Tsavliris Salvage Group addressed a very warm welcome to the attendees of the Forum. Mr Tsavliris highlighted the profound challenges and opportunities facing the shipping industry in an era of rapid change. Geopolitical instability, including conflicts in Ukraine and Gaza, cyber threats, and the potential impacts of shifting global trade policies, underline the fragility of international stability. Reflecting on the theme Shipping Beyond Borders, he emphasized the need to transcend modern boundaries - geopolitical, digital, environmental, and regulatory - while embracing innovation and resilience. Drawing inspiration from maritime history and the teachings of Heraclitus, he urged industry to adapt to evolving currents such as decarbonization, digitalization, and autonomous vessels.

During the 19th ICS Annual Forum, the Minister of Maritime Affairs and Insular Policy, Mr Christos Stylianides, delivered a video message emphasizing the vital role of the Greek maritime sector in driving the nation’s economy. Highlighting Greece’s position as a global leader in shipping, he underscored the sector’s contribution to employment, innovation, and international trade. Mr Stylianides commended the ICS Greek Branch for its pivotal role in educating the next generation of maritime professionals, reinforcing Greece's legacy in shaping the future of the shipping industry.

The panel included the following distinguished speakers:

• Harris Antoniou · Founder & CEO, Neptune Maritime Leasing Ltd.
• Helena Athoussaki · Chief Sustainability Officer, Motor Oil Group
• Dimitris Patrikios, FICS · Managing Director, V. Ships Greece Ltd.
• Mark Pearson, Managing Director, Maran Tankers Management Inc.
• Eva Tzima · Head of Research & Valuations, Seaborne Shipbrokers
• Dimitri Vassos · Managing Partner, HFW Greece
• John A. Xylas · President & CEO, Ariston Navigation Corp.

The panel was moderated by Mr Simon Ward, FICS, Director, Ursa Shipbrokers. His expert facilitation of discussions, posing critical questions, and encouraging diverse viewpoints, played a crucial role in the success of the event.

The forum itself was very informative and comprehensive, covering a spectrum of issues facing the shipping industry at a global level.

Ms Eva Tzima highlighted the challenges in the current market, emphasizing that sentiment plays a significant role in pricing, and uncertainty is leading to cautious decision-making. She noted that the dry bulk slowdown reflects China's shift toward quality over quantity and its reduced reliance on property-driven growth. Mr Mark Pearson emphasized the nature of shipping as a highly regulated industry, where compliance requires significant resources and adaptability. He highlighted that, in the context of sustainability, company size plays a crucial role, with larger organizations better equipped to navigate regulatory challenges and implement sustainable practices effectively. Mr John Xylas highlighted the uncertainty in the market over the past six to twelve months, emphasizing that many owners remain cash-rich, reducing the urgency to sell, while operators face challenges in securing long-term charters due to a lack of available vessels. He pointed out the trend toward consolidation in the industry but noted that the foundation of shipping continues to be small to medium enterprises. This underscores the resilience required by smaller players to adapt to the evolving regulatory environment. Mr Dimitri Vassos reflected on the impact of sanctions and protectionist policies on sale and purchase transactions. He emphasized the need to adapt to the geopolitical landscape and recognized the evolving role of ESG compliance in shaping the industry's future. Mr Dimitris Patrikios underscored the importance of agility in navigating economic and market volatility. He addressed the challenges posed by the energy transition, emphasizing that while it is a necessary societal shift, the availability of alternative fuels remains limited and not yet scalable to meet the industry's demands. Mr Harris Antoniou discussed the growing trend of economic fragmentation and its implications for shipping, emphasizing the industry's resilience as a connector in global trade. He also reflected on the financial sector's heightened scrutiny of emissions, acknowledging that while intervention is sometimes necessary to influence progress, the challenge lies in ensuring these measures are effective and aligned with long-term goals. Ms Helena Athoussaki emphasized the significance of ESG as a comprehensive framework comprising policies, procedures, metrics, and targets that evaluate a company's performance concerning financial risks and opportunities across the pillars of environment, social responsibility, and governance. She highlighted the importance of analyzing trends by assessing both their risks and opportunities, underscoring ESG's growing role in shaping strategic and operational decisions within the maritime industry.

The panelists collectively highlighted that future maritime professionals should embody integrity, humility, and a strong work ethic as the foundation for success. Agility, adaptability, and collaboration across departments are crucial for navigating a volatile market and driving strategic decisions through data insights. A passion for the industry, commitment to excellence, and a willingness to learn were deemed essential, while traits like negativity, unresponsiveness, and unethical behavior were discouraged. These qualities define the ideal profile for thriving in the dynamic shipping industry.

The emphasis on essential skills and attributes for future maritime professionals resonates with the outstanding achievements of ICS Greek Branch. The excellent performance of the Greek Branch is translated into 5 International Prize Winners and 4 distinction students, who have excelled in the ICS Professional Qualifying Examinations in 2023-2024. All of them were honored during the Awards Giving Ceremony, which was included in the Annual Forum’s proceeding.

During the award presentation, H.E. Mr. Matthew Lodge, His Majesty’s Ambassador to the Hellenic Republic, highlighted the significance of the ICS in advancing professional standards within the shipping industry. He praised the Institute's long-standing legacy, established under its Royal Charter in 1920, for shaping maritime education and contributing to the sector’s global development. The Ambassador expressed the British Embassy's pride in collaborating with the ICS Greek Branch and commended its efforts to promote professionalism in this vital field. Concluding his remarks, he congratulated the award recipient for their exceptional achievement, embodying the excellence fostered by the ICS.

The International Prize Winners are:  

• Philip Iliakis, Trafigura: Award to the candidate with the highest marks in Ship Sale &Purchase Examinations worldwide
• Liesza Bertram – Sotiriadis, Holland Hellenic Shipping Agencies: Award to the candidate with the highest marks in Shipping Finance Exams worldwide
• Panagiotis Michaleakos: Award to the candidate gaining the highest marks in Dry Cargo Chartering worldwide
• Alexandra Mangos (2 prizes): Award to the most successful candidate overall in Examinations and award for gaining the highest marks in Shipping Law worldwide

The distinction students are:

• Eleni Manioudaki, Ifchor Galbraiths: Award to the candidate gaining a distinction in Shipping Finance Examinations
• Alexios Mavropoulos, Halkidon Shipping Corporation: Award to the candidate gaining a distinction in Ship Sale and Purchase Examinations
• Emanet Meliksha: Award to the candidate gaining a distinction in Shipping Business Examinations
• Evangelos Karagoudakis, Wilhelmsen Port Services: Award to the candidate gaining a distinction in Shipping Business Examinations

The 19th Annual Forum of the ICS Greek Branch was held with the kind contribution and support of the following sponsors: AB Maritime Inc., Acropolis Chartering & Shipping Inc, Arrow Shipbroking Group, Capital Ship Management Corp., Clarksons Hellas Ltd,  Danaos Management Consultant S.A., Danaos Shipping Co. Ltd, Dorian LPG Management Corp, Eastern Mediterranean Maritime Ltd, Element Shipmanagement S.A., Euroseas Ltd,  Hellaschart Ltd,  Holman Fenwick Willan International LLP, Insight Shipping Partners SA, The Marshall Islands Registry International Registries Inc., Navios Maritime Partners L.P., Nereus Shipping S.A., Safe Bulkers Inc., Seaborne Shipbrokers S.A., Seanergy Maritime Holdings Corp., Target Marine S.A., Technomar Shipping Inc., Tsakos Energy Navigation Ltd., Tsavliris Salvage Group, UK Defence Club, Ursa Shipbrokers S.A, V. Ships Greece Ltd., WCI Maritime Services  

The 19th Annual Forum is available for replay on demand at the following link:

https://www.youtube.com/live/ThK78Oyf9SA

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On November 21, 2024, Navios Maritime Partners held the naming ceremony of two 7,700 TEU LNG dual fuel Containerships, the “HMM Ocean” and the “HMM Sky”.

The ceremony took place in HJ Shipbuilding & Construction yard in Busan.

The two vessels signal a significant milestone for both Navios Partners and HMM as they are the first LNG powered vessels in both fleets, demonstrating the company’s strong commitment to reduce emissions, build environmentally friendly vessels and take advantage of latest technological developments.
The company is also proud to welcome a female Chief Engineer onboard the HMM Ocean!

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DryDel Shipping entered into the Capesize sector with the order of two sister vessels of 182,000 dwt from Namura Shipbuilding in Japan, scheduled for delivery within 2028.

This expansion provides DryDel with the following advantages:

- Top-performing, scrubber-fitted Capes

- Taking advantage of a historically low Cape orderbook

- Diversification into a larger-size drybulk sector

The successful realization of this project as a Joint Venture with our trusted Japanese partners highlights the company’s long-lasting relationship and mutual support. The two Capes will be fully managed, both commercially & technically, by DryDel.

This milestone follows the successful delivery of 4 x 40K dwt vessels from Namura in 2024. Looking ahead the newbuilding program consists of 10 dry bulk vessels to be delivered over the next four years.

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In the framework of the AHEPA Awards established by AHEPA Hellas, Naftiliaki Glafx on November 29 at the Intercontinental Hotel presented an award to Haris Vafias for his contribution and performance in the international economic arena.

The award was presented by Mr. Savvas Tsivikos, (Supreme President AHEPA) from Washington and Mr. Dionysis Politis.

In his speech, Mr. Vafias referred to his origin from Chios, to the great charitable work of AHEPA, but also to how he managed to be the only Greek shipowner with three listed companies on the Nasdaq in New York.

It should be noted that the three listed companies of the Vafias Group (StealthGas, Imperial Petroleum & C3is) in the first 9 months of 2024 had the following impressive results:

- Nine-month revenue: $ 280 million

- Net income: $ 115 million

- Total assets: $ 1.3 billion

and zero bank lending for IMPP, C3is, StealthGas

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