The “23rd NAVIGATOR 2024 – THE SHIPPING DECISION MAKERS FORUM” was organized by NAVIGATOR SHIPPING CONSULTANTS from September 20 to 22, 2024, on the islands of Chios and Oinousses, from which Greek shipowners manage nearly 10% of the world’s commercial fleet. The participation of 200 distinguished executives and representatives from shipping companies, organizations, and media, as well as representatives from the Greek Coast Guard, from several Embassies, Academics and students, in presence of local authorities, was truly moving. The event program combined the visits of Oinousses and Chios main attractive characteristics and a full day conference allowing the participants to discuss some of the most pressing shipping issues and to get to know each other better in a unique friendly atmosphere.

The CEO of Navigator, Danae Bezantakou, opened the Forum, emphasizing that the NAVIGATOR FORUM has been a dynamic initiative for the exchange of ideas and best practices for 23 consecutive years. « We are addressing key issues such as decarbonization, technological innovations, and cybersecurity, which will shape the future of the industry. In such context, we aspire to outline new paths that will strengthen the sustainability and competitiveness of shipping on a global scale. This is why the collaboration of all stakeholders is key to meeting the challenges of the new era ». She also emphasized the critical issue of low birth rates and demographics in Greece in particular, stating that if we do not take specific measures to ensure there will be a generation to implement everything we are discussing today, the last Greek will be born in 2114.

The conference was greeted by Captain Dimitris Bezantakos, Founder of NAVIGATOR SHIPPING CONSULTANTS, followed by the introductory remarks from Christos Stylianidis, Minister of Shipping and Island Policy. Then the Head of the Department of Shipping Trade and Transport at the University of the Aegean, Professor Serafim Kapros, Capt. Antonis Pitsilos, President of Chios Marine Club, and Dr. Georgios Pateras, President of the Hellenic Chamber of Shipping, highlighted the need for initiatives like the NAVIGATOR FORUM is providing for many years, the results of which contribute to impact the policy making in shipping. Among other topics that immediately attracted the audience’s interest, it was mentioned that the shipping industry has not yet embraced artificial intelligence since we are currently using machine learning, emphasizing that in recent years we have been testing models that ultimately fail, leading to additional costs, instead of using artificial intelligence to provide optimal solutions beforehand.

The presentation of Mr. Ji Yongbo, Director of the Division of Strategy and Development of the China Waterborne Transport Research Institute, was also notable regarding the challenges and solutions for the development and adoption of new and renewable energy sources, as well as the specifications that ships should follow.

The first panel on Decarbonization and ESG featured a dense and multi-layered discussion, reflecting the various ways in which both issues can be approached. Representatives from fuel suppliers, technology providers, legal experts, and ESG auditors analyzed common misconceptions, as well as various commercial and technological solutions in global efforts for decarbonization and for the increasing importance of ESG reporting.

There was a consensus to recognize that while significant challenges remain within regulatory and legislative fields as well as in finding and selecting technological solutions, global shipping is under strong and intense pressure for compliance. This pressure is often perceived as disproportionate compared to the real shipping industry's environmental impact, probably due to disconnected and uncoordinated policies, rules, and regulations.

Regarding fuels and alternative options under consideration, such as ammonia and the associated risks, the continuation of biofuels and gradual improvement of technologies were suggested. It was also noted that before any universal selection, infrastructures must be forecasted to meet the needs of ships globally.

In relation to ESG and the approaches of publicly listed and private shipping companies concerning sustainability reports, the importance of data transparency and reliability was emphasized, as well as the need to focus on the social aspect (Social). Although companies have so far concentrated on the environmental aspect (Environment), there is also a call for the substantial utilization of the reports rather than just their “formal” completion, as banks argue that the governance aspect (Governance) has been adequately covered.

It was highlighted that while the shipping industry has the capacity to self-regulate, it is essential to adopt a more coordinated and collaborative approach—particularly for the Greek shipping sector, which holds an indisputable global leadership position. It was noted that pressure on the IMO, the EU, and other global organizations through active advocacy and lobbying could be a catalyst for positive changes.

A detailed discussion in the third panel was also held regarding Smart Shipping. Considering the increasing constraints from regulations for environmental protection and decarbonization, technology emerges as a critical factor in adapting shipping's activities. Although alternative fuels contribute to reducing carbon dioxide emissions, they have not yet eliminated the problem, as the reduction is limited to about 20%. However, smart shipping technologies can achieve similar CO2 reduction rates by optimizing ship operations and fuel consumption. Additionally, the integration of artificial intelligence and machine learning, combined with the advanced computing capabilities of quantum computing, opens new horizons for further fuel savings and emissions reductions. Until a specific alternative fuel prevails, smart shipping represents an excellent solution that not only reduces the environmental footprint but also significantly enhances ship performance, making shipping more efficient and sustainable.

During the panel on human factor in shipping, the challenges and opportunities related to continuous education and skill development for both seafarers and office staff were discussed. Particular emphasis was placed on the importance of training, as majority of participants agreed that it has an equally significant impact on both onboard and ashore workers, despite the fact that training for onboard personnel is clearly more systematic. Technological developments such as digitalization, artificial intelligence (AI), automation, and data collection systems require continuous training and upgrading of skills both on ships and in offices.

Modern training tools such as simulators, virtual reality (VR), and distance learning offer new possibilities; however, 2/3 of participants stated that they prefer traditional training methods (in-class). Despite technological advancements, people in shipping continue to value personal interactions and real-time training. In this context, there was a vigorous discussion on the balance between hard and soft skills, emphasizing skills such as leadership, collaboration, problem-solving, and resilience.

Digital technology and the constantly changing demands in shipping are placing pressure on seafarers, who are required to quickly adapt to remain competitive. This creates additional stresses; however, the use of psychometric tests, practices to support mental health, and the adoption of well-being policies can create a safe framework for seafarers. Most of participants indicated that they already have mental health support programs, suggesting a positive shift in the industry toward staff care.

The discussion also highlighted the need to adapt training to new ship systems, such as ammonia and LNG carriers, which require new knowledge and skills. Maritime academies must keep pace with technological developments, while experience remains an important factor for the effective training of crews, with simulators playing a crucial role.

Finally, it was emphasized that shipping must offer clear opportunities for professional development to attract and retain talent. Training should enhance not only technical knowledge but also social skills, helping seafarers respond to the challenges of a dynamic and demanding industry.

Today, shipping faces significant challenges in an unstable geopolitical environment, with regional conflicts, intensified competition among major powers, and structural changes in supply chains. Despite shipping's contribution to energy security and the global economy, it remains vulnerable to crises, such as cyber attacks and geopolitical risks, particularly in strategic points like the Strait of Malacca and Hormuz. US-China relations shape the global landscape, with China seeking a strategic approach, while Turkey emerges as a maritime power with ambitions in the Mediterranean Sea and beyond.

The conference also highlighted the importance of regulatory compliance in shipping amid geopolitical developments and international sanctions. Reference was made to the challenges created by the economic measures imposed by states and international organizations, emphasizing the significance of due diligence standards and record-keeping. The need for specialized personnel and advanced technologies that can help maritime entities effectively manage the complex role of sanctions, especially in an environment of increased scrutiny from regulatory authorities, was underscored.

Among participants we can mention: Spyros Tarassis, Vice President of Intercargo, Georgios Alexandratos, Vice President of the Hellenic Chamber of Shipping and President of the Piraeus Marine  Club, Captain Pantelis Vatousis, Central Port Authority of Chios, Liu Shubin, President of the China Waterborne Institute, Vivi Kolliopoulou, President of WISTA HELLAS, Nikolaos Liapis, President of HIMT, Konstantinos Sakellakos, Treasurer of AMMITEC, Admiral HCG,  Dimitrios Kloumasis, Head of the Merchant Marine Academy of Oinousses, Admiral HCG, Stelios Siampas, Head of the Merchant Marine Academy of Chios, Georgios Kallianis, Board Member of HELMEPA and Governor of the International Propeller Club (Port of Piraeus), Deputy Regional Governor of North Aegean, Pantelis Bournias, Mayor of Chios, Ioannis Malafis, Mayor of Oinousses, Georgios Daniil, Mayor of Psara, Kostas Vratsanos, Michalis Tsatsaronis, Vice President of the Municipal Port Office, Kostis Achladitis, Vice President of Piraeus Chamber of Commerce.

Sponsors: ABB, ABC MARITIME, ABC HELLENIC MANAGEMENT, AMMITEC,  AUSTRIACARD HOLDINGS, BENEFIT, COOL DYNAMIC, CROSSWORLD, CYGNUS, DNV, DEEPSEA, EDIT AUTOMATION, EMBASSY OF PANAMA, EY, FORTUNE TECHNOLOGIES, FRANMAN, GOLDEN CARGO, HILL DICKINSON, ICSI, IMEQ, INMARTEK, KATRADIS, MARICHEM MARIGASES, MARINETRAFFIC - KPLER, METROPOLITAN COLLEGE, MOORE, NAPA, OCEANKING, ORIANI, PALAU INTERNATIONAL SHIP REGISTRY, POLFORCE, RIDGE GLOBAL EUROPE, SHIPGLIDE AIR LUBRICATION SYSTEMS, SEKAVIN, SUPPLY CHAIN INSURANCE, TRUCK & CARGO,  THE AMERICAN P&I CLUB, THE MARSHALL ISLANDS REGISTRY, Port of Thessaloniki (ThPA S.A.), TOTOTHEO MARITIME, UK P&I, VSHIPS.

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The city of Heraklion will host the 8th Posidonia Sea Tourism Forum next May, as the organizers of the East Med’s most important cruise conference, with the support of the Region of Crete and the Heraklion Port Authority and in collaboration with local authorities, prepare to bring this CONFEX event to the country’s largest island for the first time.

2025’s Posidonia Sea Tourism Forum (PSTF) will be held at the Creta Maris Resort Hotel, located in close proximity to Crete’s capital. Heraklion port is expected to see a 20% increase in cruise passenger numbers this year with an equally busy season expected in 2025.

With Piraeus, Santorini and Mykonos accounting for nearly 60% of all cruise activity in Greece, and many destinations in the Mediterranean calling for and some already adopting measures to limit over-tourism in popular destinations, the PSTF 2025’s theme, “The Med: A Compelling Need for New Marquee Ports & Destinations” couldn’t be more topical. The event will bring global cruise industry decision-makers and industry organizations like Cruise Lines International Association (CLIA) and MedCruise, in touch with East Med’s stakeholders, to explore solutions and create new exciting itineraries going forward.

Alleviating pressure on overcrowded ports of call, exploring the potential of lesser-known and visited destinations for inclusion in cruise itineraries, and fostering dialogue on sustainable tourism practices are among the key themes to be tabled at the Forum and discussed with cruise executives who have extensive knowledge and operational knowhow of the Mediterranean.

“Topics to be discussed during the two-day conference will include sustainability, marketing and tourism product delivery, guest immersion and satisfaction, overcrowding, new destination entries, port infrastructure, green initiatives and solutions, effective berth allocation solutions, and daily caps on arrivals,” said Theodore Vokos, Managing Director of Posidonia Exhibitions S.A.

In parallel to the thought-provoking panel discussions, the exhibition will feature and promote new and emerging cruise destinations, ports and related infrastructure, cruise companies, travel agencies, tourism consultants and cruise ship suppliers amongst others. The event’s exhibition floor will serve as the platform for the region’s destinations and stakeholders to meet with itinerary and excursion planners, while new port investments and other infrastructure projects, such as the new Heraklion Airport, currently in full swing will be showcased to the cruise industry.

Vokos added: “At the Posidonia Sea Tourism Forum, cruise executives and key stakeholders will have the opportunity to examine ways to secure a sustainable future for ultra-popular destinations, as well as seek a cooperative approach towards introducing cruise passengers to new or emerging ports of call with marquee potential.”

The Regional Governor of Crete, Stavros Arnaoutakis said: “The Region of Crete actively supports the Posidonia Tourism Sea Forum for the cruise sector, which will be held for the first time in Crete.

The presence of numerous cruise lines, specialized tourism agencies and organizations from around the world at the Forum poses a significant opportunity for the continued growth of cruising on the island, which will contribute to reducing seasonality and enhancing Crete's tourism products. It also showcases the island's rich historical, cultural, and environmental assets to visitors from across the globe.

It is with great joy and high expectations that we are preparing to host the forum, organized by the organizers of Posidonia, the most important maritime exhibition in the world. The selection of Heraklion was made in the context of the strategic choice of the Region of Crete for a strong, extrovert, sustainable and competitive tourism sector in Crete.”

Welcoming the selection of Heraklion for the 2025 Forum, Minas Papadakis, CEO, Heraklion Port Authority, Diamond sponsor of the event, noted: “We are excited to announce that the Heraklion Port Authority, with the support of the Prefecture of Crete, will be hosting the 8^th Posidonia Sea Tourism Forum 2025 in Heraklion. As we prepare for this prestigious event, we look forward to showcasing our port’s strategic capabilities and our commitment to sustainability and maritime innovation. The forum will offer a unique platform for fostering global partnerships and engaging in forward-thinking discussions that will shape the future of sea tourism. We look forward to welcoming the cruise industry to Heraklion to an event filled with valuable insights and collaboration.”

Significantly important for any port city is the economic impact of cruise activity for the local economy.  One such port is Heraklion, where the direct economic impact of the cruising sector brought in €36.05 million to the local economy in the 12-month period ending May 2024, according to a University of Piraeus study.

According to the same study, 72% of cruise passengers who visited Heraklion would recommend it to friends and relatives as a destination of choice for holidays, with 29.1% saying that they would themselves revisit the city as conventional tourists.

During the 13 years since the Forum’s inception, Heraklion will become only the second city, outside Athens, to host the event following the successful 2023 event in Thessaloniki. Heraklion Port, its vibrant city and the Region of Crete are excited to welcome delegates and exhibitors to the May 6-7 Posidonia Sea Tourism Forum.

Sponsors for the 2025 PSTF include: Diamond sponsor - Heraklion Port Authority, Gold sponsor - ODAP (Hellenic Organisation of Cultural Resources Development), Bronze sponsor - Kyvernitis Travel Group, Sponsor – Thessaloniki Port Authority and is organized under the auspices of the Ministry of Maritime Affairs & Insular Policy and the Ministry of Tourism, and is supported by the Hellenic Chamber of Shipping, the Cruise Lines International Association (CLIA), the Association of Mediterranean Cruise Ports (MedCruise) and the Union of Cruise Ship Owners & Associated Members of Greece.

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Metis has joined the RightShip Zero Harm Innovation Partners Program. This partnership, which includes the broader ERMA FIRST group, aims to raise awareness of innovative solutions that promote a zero harm maritime industry.

As an industry-leading intelligent analytics and data acquisition tool, the Metis platform provides shipowners with advanced insight into vessel and fleet performance across four key domains: emissions, operations, performance, and machinery. Leveraging these insights, owners can make informed decisions to manage and report emissions in compliance with regulations, optimise voyages for weather routing and speed, minimise fuel consumption, analyse hull fouling, and evaluate energy-saving devices. 

All of these actions enhance transparency among industry stakeholders, in full alignment with the objectives of the Zero Harm Innovation Partners Program. Vessels using the Metis solution will be recognised within the RightShip Program for their efforts towards a zero harm maritime industry, providing a competitive advantage in charter-party negotiations. 

“Our collaboration with RightShip is the latest endorsement of the Metis platform’s ability to improve the safety and sustainability of maritime operations through advanced data analytics,” said Andreas Symeonidis, Marketing & Partner Relations Director, Metis. “If shipping is to meet its decarbonisation targets and improve its safety record, collaboration between stakeholders will be vital. We are proud to become a Zero Harm Innovation Partner and look forward to making a positive contribution to the programme’s critical mission.”

"We are delighted to welcome Metis to the ZHIP and look forward to the positive impact its innovative solutions will have on advancing a safer and more sustainable maritime industry." said Ajinkya Kadam, Head of Partnerships at RightShip. He added, "The interest the ZHIP has garnered over the past few years is a testament to the collective ambition of the ecosystem to develop a safer maritime sector for all."

Metis recently launched a completely redesigned version of its analytics platform that introduced additional information layers, advanced filtering, and more intuitive navigation. Users gain access to new fleet- and vessel-level summary dashboards alongside key performance indicators (KPIs) that provide improved overviews of ship emissions, vessel performance, optimised operations, and machinery condition. Useful for benchmarking within a fleet and between sisterships, the new KPIs enable users to focus quickly and accurately on areas requiring attention.

About Metis: Metis is a leading, telemetry-first, fleet performance management company. Delivering transparent and forward-looking digital solutions, Metis enables people and organizations in the maritime industry to expand their capabilities, adapt to changing environments and embrace opportunities with a creative mindset. Established in 2016 with its headquarters in Athens, and with a subsidiary office in Singapore, Metis is part of a maritime-focused, sustainable solutions group owned by ERMA FIRST.

www.metis.tech
About RightShip: Established in 2001, RightShip is a leading global ESG focused digital maritime platform, providing expertise in global safety, sustainability and social responsibility practices. Founded with the mission to drive operational improvements in the global shipping industry, more than 800 customers use RightShip's due diligence, environmental and inspections services to help them manage risk and improve overall maritime safety standards

Image:  Andreas Symeonidis, Marketing & Partner Relations Director, Metis

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V.Group, one of the major shipmanagement companies has entered in a consortium led by STAR Capital which includes Ackermans & van Haaren and others with the acquisition of V.Group following the successful completion of all regulatory consents.

As indicated at the time of its initial announcement in June 2024.

STAR and the Consortium will provide V.Group with a strong financial foundation from which to further grow and to accelerate the continuing strategic development of the company, all the while further enhancing V.Group’s steadfast commitments to clients, seafarers, and the responsible stewardship of the seas.

René Kofod-Olsen, CEO of V.Group said: “I am truly excited to welcome such well-respected, long-term investors with deep shipping sector experience to assume the ownership of V.Group I have no doubt that this transaction will further strengthen V.Group, allowing us to accelerate investments across our shipping and services platform to the benefit of our customers, employees and the industry.”

Our new ownership consortium of well-respected, long-term investors with deep shipping sector experience is now in place. The response from customers and colleagues to the announcement of the acquisition has been overwhelmingly positive, and we are continuing to accelerate investments across our shipping and services platform to the benefit of our customers, employees and the industry more broadly.”

Graham Westgarth, Chair of V.Group said: “I would like to congratulate the V. team on their new ownership with STAR and its Consortium and continuing the tremendously positive developments of recent years, in establishing V. as the shipping industry’s partner of choice. I am looking forward to the company’s continued success.”

Aditya Bindal, Partner of STAR said: “V.Group is an excellent fit for STAR’s investment strategy with its strong brand and leading position in a highly fragmented market, making it a natural leader in providing technical management and marine services to fleet owners and operators, including those turning to outsourced services for the first time. We have been impressed by the team, their track record and vision for the company, and look forward to supporting them as they continue to deliver value for the company’s customers consistently and over time.”

About V.Group: With over 40 years of experience in shipping, V.Group is the leading, trusted, global provider of mission critical services to the maritime industry. V.Group serves approximately 3,500 vessels from pedigree shipowners and managers alike, with safety and compliance at the heart of V.Group’s operating model. The company offers a comprehensive suite of services, including technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions.

About STAR: STAR is a European investment fund manager focused on investing in and developing businesses that benefit from a strategic market position and provide an essential service to their customer base. Since inception, STAR has built over 28 businesses with a total enterprise value in excess of €10 billion through more than 100 acquisitions. STAR has a track record in value generation and driving growth, typically investing in companies with enterprise values of between €50m and €1 billion.  STAR has previously invested successfully in the shipping sector, including maritime engineering group, Blohm+Voss and global container shipping industry, MPC Container Ships.

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Capital Link Operational Excellence in Shipping Forum that held on Tuesday, September 24, 2024 at the Athenaeum Intercontinental Athens presented the maritime sustainability award to Emanuele Grimaldi chairman of the International Chamber of Shipping President & MD - Grimaldi Euromed SpA Managing Director - Grimaldi Group. The prize was delivered to him by Mrs. Melina Travlou, President - Union of Greek Shipowners (UGS) Chair of the Board - Neptune Lines.

In her introductory remarks Mrs. Melina Travlou said that E. Grimaldi inspires any businessman with his professional ethos and hands-on approach promoting realistic solutions for the benefit of shipping industry in an uncertain and difficult geopolitical environment.

In his address Mr Grimaldi described his vision for a greener and sustainable shipping industry and referred to the fundamental role of Greek shipping industry in the world trade. He also called for a holistic approach towards developing new fuels and stressed that shipping needs global solutions.

With a 14-year track record Capital Link is the only Forum that showcases Operational Excellence in the Maritime Sector and explores Best Industry Practices across all major areas such as fleet management, technological innovation, crewing, energy efficiency and the environment, safety & security. Special attention was paid to sustainability and ESG considerations.

The Forum provided an interactive platform on the topic of Operational Excellence, Best Industry Practices and Sustainability linking shipping companies, charterers, regulators, government and non-government industry associations, classification societies, P&I Clubs, flag registries, technology & service providers and the financial and investment community.

During the conference, an impressive video was presented from the inauguration of the Nautical Academy in Chios which was recently established by the Tsakos Group with the certification of the Cypriot government. Present at the event were Captain Panagiotis Tsakos and his son Nikolaos Tsakos, President & CEO of TEN Ltd., a company listed on the New York Stock Exchange, who accepted the congratulations of the organizers and delegates for the new effort that will strengthen the maritime education of young ship officers.

This year's forum once more featured industry leaders addressing a global audience.

THE AGENDA OF THE CONFERENCE

WELCOME REMARKS by Mr. Nicolas Bornozis, President - Capital Link

INTRODUCTORY REMARKS by Mr. Christopher J. Wiernicki, Chairman & CEO - ABS

FUEL POTENTIAL UNLOCKED – NATURALLY POWERED BY XBEE

Presentation by: Mr. Roy Gebbink, Managing Director – XBEE Marine

REALITY CHECK ON MARINE FUELS & ENERGY TRANSITION

Availability, Affordability & Scalability

Moderator: Mr. Vassilis Dimoulas, Technology & Innovation Director SEEBA Zone - Bureau Veritas

Panelists: Dr. George D. Pateras, President - Hellenic Chamber of Shipping; Deputy Chairman - Contships Management, Mr. Kostas Polydakis, CEO - MM Marine, Mercuria Energy Group; Head of Shipping-Minerva Bunkering, Mercuria Energy Group, Mr. Constantinos Capetanakis, Bunker Director - Star Bulk Carriers Corp; Chair – IBIA, Mr. George Saroglou, President & COO - TEN Ltd.

SAFETY & SUSTAINABILITY - SAFEGUARDING THE CREWS, CARGOES, & THE ENVIRONMENT

Moderator: Mr. Christopher J. Wiernicki, Chairman & CEO – ABS

Panelists: Mr. Stylianos Psillakis, Technical Director - Columbia Shipmanagement, Mr. George Poularas, CEO - Enesel SA, Mr. Kostas Karathanos, COO – GasLog Ltd., Mr. Roberto P. Cazzulo, Council Chair - International Association of Classification Societies (IACS), Mr. Dimitrios Fafalios, Chairman - INTERCARGO; President / Director – Fafalios Shipping

SPOTLIGHT ON HUMAN SUSTAINABILITY

Moderator Mr. Michalis Pantazopoulos, General Manager - Liberian Registry (LISCR Hellas)

Panelists: Mr. Vangelis Sfakiotakis, COO - Diana Shipping Services S.A., Ms. Ioanna Lali, D.E.I. Officer & Alternate Crew Manager - Dorian LPG Ltd., Mr. Tim Ponath, CEO - NSB Group, Mr. Theo Baltatzis, General Manager - Technomar Shipping, Ms. Venetia Kallipolitou, Cross Department HR & Training Manager - Tsakos Group; Commander – Hellenic Coast Guard (Retired)

NAVIGATING TROUBLED WATERS

Rear Admiral Vasileios Gryparis HN, Operational Commander "EUNAVFOR ASPIDES" - Hellenic Navy General Staff

KEYNOTE REMARKS

H.E. Christos Stylianides, Minister of Maritime Affairs and Insular Policy - Hellenic Republic of Greece

RIDING THE TECHNOLOGY WAVE

Fleet Performance Optimization Through Innovation & Digitalization

Moderator: Mr. Spyridon Zolotas, Senior Director – RINA

Panelists: Mr. Dimitris Vastarouchas, COO & Vice President – Danaos Corporation, Mr. Marcos Vassilicos, Managing Director – Eurobulk, Mr. Antonios Georgantzis, COO – Latsco Marine Management, Mr. Costas Kontes, Group Commercial Director Europe / Managing Director – Mediterranean Cluster – V.Ships Greece Ltd.

ALL ABOUT CARBON - CARBON CAPTURE, STORAGE AND DISPOSAL

Moderator: Dr. Chara Georgopoulou, Head of R&D and Advisory Unit Greece, Onboard CCS Manager, Maritime – DNV

Panelists: Mr. Jerry Kalogiratos, CEO - Capital Clean Energy Carriers Corp., Mr. Jasper Heikens, CCO – Ecolog, Ms. Eleni Polychronopoulou, President - ERMA FIRST GROUP, Mr. Nikolas Rigas, Head of Carbon Storage – EnEarth, Mr. George Daskalakis, Head Technology Management, Strategy Division - Motor Oil (Hellas)

GOING INTO 2025 - FUELEU MARITIME & EU ETS

1x1 Discussion:  Mr. Frederic Bouthillier, Head of Shipping - Vertis Environmental Finance with Ms. Vanessa Tzoannos, Partner - Hill Dickinson

PORT STATE CONTROL – CHINA

Presentation by: Mr. Francis Chin, Executive Director – Singhai Marine Services (Singapore)

THE SHIPOWNER’S PERSPECTIVE - LOOKING AHEAD

Moderator: Ms. Elina Papageorgiou, Global Strategic Growth Director & Vice President, Greece & Cyprus - Lloyd’s Register

Panelists: Mr. Sveinung Støhle, Deputy CEO - Angelicoussis Group, Mr. Jerry Kalogiratos, CEO - Capital Clean Energy Carriers Corp., Mr. Thomas Lister, CEO - Global Ship Lease Ltd, Mr. George Thanopoulos, CEO - Neda Maritime Agency Co. Ltd., Ms. Charis Plakantonakis, Chief Strategy Officer - Star Bulk Carriers Corp.

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Alassia NewShips Management Inc have joined industry leaders Hafnia, Marfin, C Transport Maritime, Trans Sea Transport and BW Epic Kosan in working with Foundational AI company Complexio. Foundational AI is creating a transformational leap in how humans interact with their data and tools, from siloed applications to a centralised system that is connected to all areas of a company’s infrastructure. Complexio has created this AI-driven system after three years of intensive research and development inside market leading enterprises, with unrestricted access to their real-time and historical company data. In the last two years almost 90 percent of the world’s data has been generated, which has become especially problematic in larger, data-heavy industries who are reliant on many different tools, systems, processes and departments to carry out their business activities, resulting in lost efficiency and productivity.

At the same time, research shows that 90 percent of all employees are routinely completing manual, recurring tasks and spending about 60 percent of their workday doing "work about work". Fulfilling these repetitive tasks costs businesses as much as 19 working days per year per employee. “Our people and our reputation are our two most important assets,” says Alassia Newships CEO Basil Sakellis. “We work in a very data and process heavy industry that has historically been slower to take up technologies. Consequently, we are investing a lot of human resources on actioning and sharing vessel data with external partners.”

“We already have an ERP and have a very detailed filing system, as well as satellite communications onboard for real-time communication between the ships and headquarters, but it is not enough. Our employees are still spending too much time on repetitive, data-intense tasks. We had been thinking for some time that there had to be a better way to manage and automate these processes and to make a positive impact on the productivity of our team. We think we have found that with Complexio,” he says. “Businesses are under incredible amounts of pressure to be efficient, while dealing with the exponential amounts of data and systems,” Complexio CEO Matthew Talbot says.

“At the same time, their workers are still stuck spending most of their time on recurring tasks using multiple systems and tools to move this data around. We can alleviate this burden by automating these tasks.” Alassia NewShips has already begun ingesting and mapping their data into Complexio. “The data ingestion and initial mapping process takes a couple of months to be completed, depending on the number of systems, volume of data and data sources we need to connect with,” Matthew says. “Once this is completed, we move onto mapping the relationships in the data, highlighting patterns that we can use to understand and automate repetitive tasks. It is an iterative system that continues to learn from new inputs and user interactions, progressively unlocking more and more business value.

“The development of Foundational AI comes at a very opportune time for us in shipping,” Basil says. “A lot of changes are taking place because of environmental concerns and new environmental regulations. As a result, we are managing even more data and repetitive tasks for compliance and reporting. Streamlining and automating our handling of these tasks will allow more time for the team to think productively and creatively in terms of our path towards being a net zero organisation. Complexio will help us free our time to focus on more constructive activities, as opposed to managing those repetitive tasks again and again and again and again.”

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With remarkable success and participation from over 40 Project Connect member companies of the shipping industry, the 2nd HR Executive Breakfast Meeting took place on Monday, September 23, 2024, at the Piraeus Marine Club.

Sophia Piha, Project Connect's, CV-HR Platform Coordinator showed the shipping HR members how to navigate their CV-HR online Platform which is a database of pre-interviewed young candidates.

This  innovative and pioneering idea to make work life easier for the HR community with an efficient recruiting tool where young adults are concerned has been founded by Project Connect and its shipowner membership since 2015.

Member, Eastern Mediterranean Maritime's HR Manager, Ms. Ismini Giannakopoulou, mentioned, “On behalf of Eastern Mediterranean’s HR team, we believe that this partnership, with Project Connect to working together to achieve our company’s vision, in relation to career management and employee placement will be a big asset to the further development of our company.”

The event was highlighted by a compelling presentation from Project Connect’s Director, Mrs. Notias, who emphasized how Project Connect is enhancing youth employability by preparing youth for the office environment through basic training in work ethics, business standards, and self-development, in addition to directly bridging the young job seekers to shipping companies on its online CV-HR Platform.

The platform has already made a significant impact, connecting undergraduates and graduates from universities and maritime academies to more than 80 major shipping companies.

Since its inception, the platform has successfully placed over 126 students and graduates in roles within the industry, with over 170 students already populating the database.

The platform has garnered the financial support of 90 members, consisting of 55 shipowning companies and 35 maritime service providers, solidifying its role in shaping the future of the maritime workforce.

Benefits for Shipping’s HR Departments

The Platform is a well-designed Human Resources recruiting tool specially designed by HR experts and Ms. Notias to provide its member HR Departments an advance look at potential candidates and enhance their hiring processes.  It provides a free training service for newcomers, saving time, energy and money for the member companies.

The primary mission of Project Connect is to bridge education with the maritime sector, both at sea and on shore, to boost youth employability and ensure the sustainability of the shipping industry.

Having the endorsement of the Ministry of Education, Religious Affairs & Sports, the Ministry of Shipping & Insular Policy, and the Ministry of Labor & Social Security, Project Connect’s strategy is built on three main pillars: the CV-HR Platform, live self-awareness and self-development workshops for college students and graduates, and through Adopt a Ship connecting ships with classrooms, and engaging captains, teachers, and students aged 8 to 18 in meaningful, industry-related activities.

In recognition of its exceptional contributions to youth employability in the maritime industry, Project Connect was honored with the prestigious Lloyd’s Greek Shipping Award in the “Education or Training” category in 2022.

Project Connect calls on all stakeholders to get on board and make this part and parcel of their company's ESG program, as its Adopt a Ship program alone hosts 11 of the 17 United Nations’ SDG’s. 

All, maritime companies, captains/crew, teachers/schools, pupils/ students and grads, marine cadets/grads, and trade associations— stand to gain, if they join Project Connect, to build the next generation workforce together. 

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Watson Farley & Williams celebrated recently with a cocktail party in One and Only Aesthesis, along with her friends from shipping its 40 years presence in Greece. It was the first international law firm that opened offices in 1984.

Today with 700 lawyers across 19 offices worldwide is a dominant player in international legal chess.

George Paleokrassas, senior partner of the law firm in Greece focused on Watson Farley & Williams sustainability vision - in other words underlined the power to create share value through a firm wide focus on people, planet and practices using skills and expertise to support sustainable and inclusive prosperity.

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The WISTA International AGM and Conference, scheduled for October 9-11, will mark the organisation's 50th anniversary. The event will bring together over 300 global leaders, innovators, and advocates to discuss the intersections of innovation, diversity, and sustainability driving the future of global maritime and trade industries. 
The conference will host a series of panel discussions that delve into topics such as financing the future of the maritime sector and the critical human element in driving innovation. Additionally, workshops will focus on innovation in enhancing global supply chains and further investigate methods for building a sustainable maritime workforce.

Keynote addresses from the President of Cyprus, Mr. Nikos Christodoulides, IMO Secretary General, Mr. Arsenio Dominguez, and Futurist & Ecocentrist KD Adamson will highlight the event, which also offers unparalleled networking opportunities.

WISTA connects over 5,100 professionals across 59 countries in the maritime, trading, and logistics sectors, fostering a unique community aimed at empowering women in these industries.

For more on the agenda, visit: www.wista2024.com

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International dry bulk shipping association backs streamlined approach to IMO's mid-term GHG reduction strategy INTERCARGO, the International Association of Dry Cargo Shipowners, reaffirms its commitment to sustainable shipping by advocating for straightforward mid-term measures in the industry's decarbonization efforts. The association, representing one of the most efficient cargo transportation sectors globally, emphasized the critical need for practicable solutions to ensure effective implementation of emissions reduction strategies.

Key Points:

Support for Integrated Framework: INTERCARGO endorses in principle the updated joint proposal by Bahamas, Liberia, and the International Chamber of Shipping (ICS) for an "IMO net-zero framework."

Simplified Pricing Mechanism: Backing a flat-rate contribution per tonne of GHG emitted, with incentives for zero and near-zero GHG fuel usage.

Predictability for Stakeholders: Advocating for fixed annual GHG fees over minimum five-year periods.

Well-to-Wake Approach: Supporting a comprehensive emissions accounting system while addressing concerns about upstream emissions beyond shipping's control.

Cautious Approach to Decarbonization Fund: Highlighting the need for thorough review of legal issues and alignment with UN climate fund principles.

Fair Cost Distribution: Endorsing the principle that charterers or commercial operators, as fuel cost bearers, should also cover GHG fees and compliance costs.

Reduced Administrative Burden: Calling for streamlined processes, especially for dry bulk tramp shipping facing global compliance challenges in accessing safely green energy sources in ports around the world.

"The path to shipping's decarbonization must be paved with practical, implementable solutions," said INTERCARGO’s Secretary General Kostas Gkonis. "Our support for these measures reflects our sector’s commitment to environmental responsibility whilst maintaining operational efficiency and smooth global transportation of essential goods."

INTERCARGO stresses the importance of global governmental action and cross-stakeholder collaboration throughout the maritime transport chain to achieve these ambitious goals.

Images: Caption: Dr Kostas Gkonis, Secretary General, INTERCARGO

Credit: INTERCARGO

Credit: Shutterstock

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