Piraeus Port Authority S.A. at its Annual General Meeting of shareholders briefed on the Company's progress and current developments, questions were answered and positive comments were made for the Company’s excellent financial performance despite the difficult situations.

It is noted that all items on the agenda were approved by a majority vote, including the Annual Financial Statements and the Dividend Distribution for the Company's shareholders for the fiscal year 2023 (from January 1, 2023, to December 31, 2023). The gross dividend amount, as proposed by the Board of Directors, was set at 1.34 euros per share, reflecting a 29% increase compared to 2022.

Key highlights from the Annual Financial Report for the year 2023: Total revenues of €219.8 million, marking an increase of 12.9% or €25.2 million from €194.6 million in 2022. Profits before taxes rose to €96.2 million, up by 28.8% from €74.7 million in 2022, while Profits after taxes increased to €66.8 million, a 26.3% rise compared to €52.9 million in 2022.

The figures above constitute the Company's highest achievements to date in terms of revenue and profitability, underscoring Piraeus Port Authority S.A.'s continual improvement in historical performance for the third consecutive year.

The Chairman of Piraeus Port Authority S.A., Mr. LIN Ji, who led the General Assembly, thanked the shareholders for their trust, as well as the Company’s Management and employees for their continuous effort. He noted: "Our Company's upward trajectory and improved financial results, notably for the third consecutive year, demonstrate that our strategies for port development and modernization, along with significant operational decisions, are heading in the right direction. They create the right conditions for establishing Piraeus as one of the top ports in the Mediterranean and Europe. The largest Greek port keep delivering high quality integrated port services, ensuring its industry reliability and competitiveness. Combined with our commitment to sustainable growth, environmental stewardship, and systematic contribution to society and future generations, we are laying solid foundations for a resilient port that creates benefits and, above all, value for everyone, both now and in the future".

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Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, says Columbia Group.

The introduction of Fuel EU Maritime restrictions that will enforce a reduction of carbon intensity levels on vessels by 2% next year is a challenge ship owners and managers trading in and out of EU waters will need to address and prepare for over the next six months.

The European Union has introduced the regulations as part of its Fit for 55 directive, which aims to reduce CO2 emissions with the maritime sector in the EU by 55% by 2030. The regulations will ensure that the greenhouse gas (GHG) intensity of fuels used by the shipping sector will gradually decrease over time. The reduction will begin at just 2% in 2025 and will eventually rise to 80% by 2050.

In order to help guide ship owners and managers through the complex process, Columbia Group has launched a new one-stop shop platform which will help companies create a long-term strategy to ensure they are meeting the new emission targets and reporting data correctly, such as fuel consumption, CO2 emissions, and distance travelled. Thanks to its amazing technology and the use of AI, it can streamline these processes, providing accurate and efficient solutions that adapt to the evolving regulatory landscape.

Philippos Ioulianou, Director of Energy and Renewables at Columbia Group, said: “These new restrictions are going to have a big impact for owners and managers and it’s important they look at what measures they are going to need to take to comply with the regulations and to avoid hefty fines. At Columbia Group, we believe that sustainability and profitability can go hand in hand”

EmissionLink, a pioneer in environmental technology, proudly launches a platform that has been created to help guide companies through the process and take the pressure off them. The platform creates transparency in managing the fuel life cycle from bunkers supply to consumption and emissions. It can collect, clean, analyse and forecast emissions data. By using this platform, clients can feel safe in the knowledge they have a reliable partner who can also help them create long-term green strategies for the future.

“We will be able to not only help our clients put measures in place to reduce their carbon intensity levels but we can also handle inputting and analysing the data as well. Our mission is to empower the shipping industry with the tools and knowledge they need to achieve their environmental goals while maintaining competitive advantage. Through continuous innovation and dedicated support, we are committed to driving the global transition to a low-carbon economy” says Mr. Ioulianou.

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Attica Group signed an agreement with Stena RoRo for the charter with purchase option of 2 E-Flexer vessels, to be built by Stena RoRo at the CMI Jinling Weihai Shipyard, China. The 2 new vessels with an overall length of 240m, are the largest RoPax vessels ever ordered by a Greek shipping company. With passenger capacity of 1,500 pax and 3,320 lane meters cargo decks (approximately 200 freight units) per vessel for the transportation of private vehicles, trucks and trailers, the new vessels will enhance significantly the overall transport capacity in the Adriatic routes.

The new vessels are Methanol ready and carry a Battery notation, with engines that are designed to operate with 3 different fuel types in view of required flexibility for future requirements. At the same time, they are designed and equipped with state-of-the-art technology to optimize fuel consumption alongside a series of high efficiency technical features that will contribute to the reduction of the Group’s GHG emissions per transport work by 60% compared to existing vessels.

The agreement provides for the construction by Stena RoRo of two vessels, on behalf of Attica Group, under a 10-year bareboat charter scheme, including a purchase option as from the end of the 5th year of hire period.

Upon the delivery of the 2 new vessels which has been scheduled for April and August 2027 respectively, Attica Group plans to proceed with a fleet redeployment which will allow Attica to further reduce its environmental footprint through the retirement of older vessels and the decrease of the average age of its fleet.

The innovative design of the vessels is the result of the collaboration between the Stena RoRo and Attica’s shipbuilding teams on the basis of the successful E-Flexer model, resulting in a modern and environmentally efficient vessel with significant reduction in GHG emissions.

Mr. Panos Dikaios, CEO of Attica Group stated: “For 3 decades, Attica Group innovates through the design and construction of new vessels such as the Superfast series that redefined the Adriatic routes connections in terms of quality and speed, the sister vessels Blue Star Patmos and Blue Star Delos that upgraded massively the travel experience in the Aegean routes and the latest addition of the 3 state-of-the-art, Aero Highspeed which have already contributed substantially to the increase of visitors to the islands of Saronic Gulf.

Our agreement with Stena RoRo for the charter of 2 new state-of-the-art vessels, sets new standards for the entire Greek ferry industry, drastically reduces our environmental footprint, redefines the travel experience and responds dynamically to the challenges of tomorrow.

Per Westling, Managing Director of Stena RoRo AB commented: “These E-Flexer vessels to Attica have been jointly designed and ordered as the most bespoke E-Flexers so far. The design is extremely versatile and the ships will, with their inherent flexibility of different fuels, battery hybrid operation and many other fuel saving features, play an important role in the green transition of the Attica Superfast Adriatic RoPax service”.

Vessels particulars:

Main dimensions: Length overall: 239,70 m, Breadth, moulded: 27,80 m, Draught scantling: 6,40 m

Service Speed: 24 knots

Capacity  

Passengers: 1.500 Cargo decks:3 Total lane meters: 3.320 Passenger cabins

• Total cabins/beds: 256/850

Facilities: VIP Air Seats, 2 bars, 2 restaurants, casino, shops, infirmary etc

Green features

• Installation of battery pack for storage and use of electric energy in order to reduce the operation of diesel generators.
• Installation of solar panels for the production of renewable electrical energy.
• Installation of OPS – electrical power supply from shore during the ships stay in ports to avoid the use of diesel generators and the alleviation of harmful emissions and noise.
• Lighting of the ships with new technology LED to reduce the required energy.
• Rudder bulb designed and constructed to fit the ship’s propellers for optimizing hydrodynamic efficiency.
• Hull form design for optimum hydrodynamic efficiency.
• Intelligent clima control system for optimum energy consumption.
• Hybrid scrubbers for reducing SOx emissions.
• Silicon paints of underwater hull for reducing resistance and fuel consumption.
• New generation main engines, tri-fuel including methanol for reducing CO2 emissions.

Other features

• Design of bow and stern ramps (drive through concept) to avoid maneuvering of heavy vehicles and allow faster loading/unloading from two decks simultaneously.

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Just before the start of one of the most prestigious shipping events in the world, Posidonia, RINA’s Hellenic Advisory Committee (HAC) convened once again to discuss the progression of decarbonization within the shipping industry and its challenges. This event signified a notable gathering of industry leaders and stakeholders, emphasizing RINA’s dedication to innovation and sustainability in the maritime sector. The meeting was followed by RINA’s Posidonia Reception.

In his opening remarks, Committee Chairman George Youroukos, owner of Technomar Shipping Inc., underscored RINA’s significant achievements in 2023. Notably, RINA is currently classing over 79 million Gross Tonnage for approximately 9,700 vessels of various types. The RINA Greek owned fleet has seen remarkable growth, doubling in size from 2021 to 2023, now encompassing over 720 ships and 23 million Gross Tonnage. Since January 2024, the

International Association of Classification Societies (IACS) has appointed RINA’s Roberto Cazzulo as its new Chairman.

Following the Chairman’s address, Ugo Salerno, the Executive Chairman of RINA, delivered a pivotal speech. He focused on the recent integration of Fondo Italiano d’ Investimento into RINA’s shareholder structure, a strategic move designed to fortify RINA’s growth both organically and through acquisitions, thereby enhancing its global presence and capabilities.

The Executive Chairman also had the pleasure of discussing Carlo Luzzato’s appointment as the new CEO and General Manager, a decision anticipated to infuse the organization with renewed leadership and vision.

Paolo Moretti, CEO of RINA Services, took the stage to present RINA’s notable achievements in 2023. These figures highlight RINA’s substantial impact and influence within the Greek maritime sector, showcasing its strong performance and strategic partnerships.

Adding to the forward-looking discussions, Faidon Tomazos from Cass Technava offered insights into new building projects, underscoring RINA’s role in spearheading advanced maritime infrastructure. His presentation highlighted the new building activity primarily of Greek shipowners, featuring innovative developments and collaborations poised to set new industry standards.

Antonis Trakakis, Technical Director at RINA, discussed decarbonizing the iron ore supply chain, emphasizing sustainable practices and technological innovations. Highlighting the Clydebank Declaration from COP26, aiming for net-zero maritime emissions by 2050 through Green Corridors—routes enabling zero-carbon fuels—he noted Western Australia’s significant role as the leading iron ore producer with over 4,000 annual cargoes. Trakakis concluded that achieving IMO 2050 targets is feasible, even with fossil fuels, advocating for immediate action towards near net-zero carbon while maintaining the “green premium” low. He stressed that onshore solutions must drive onboard implementation, with new ships designed for flexibility to adapt to future technological advancements.

Spyros Zolotas, Marine Senior Director South EMEA at RINA, commented, “Although the maritime industry's path to decarbonization is undoubtedly long and will take time, the sector is already making significant strides by acting now and investing in future technologies.

Decarbonization is one of RINA’s core principles, and we are actively working in various ways to assist the sector in achieving its goals. Events like the HAC are crucial, providing a platform for networking and the exchange of information, ensuring we remain on the right path while considering sustainability, viability, and safety for the future of shipping.”

The subsequent Reception offered attendees the opportunity to network and share ideas, fostering a spirit of collaboration and a shared vision for the future of maritime operations. RINA, leading certification and engineering company, provides a wide range of services across the Energy, Marine, Infrastructure & Mobility, Certification, Industry and Real Estate sectors. In December 2023, alongside the majority shareholder Registro Italiano Navale, Fondo Italiano d’ Investimento SGR entered the shareholding structure guiding a pool of co-investors. With revenues in 2023 of 797 million euros, 5,800 employees and 200 offices in 70 countries worldwide, RINA is a member of key international organizations and an important contributor to the development of new legislative standards.

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Jotun is excited to officially extend its contract with Angelicoussis Group for an additional two years for the DryDock, Seastock, and NewBuilding projects of the Group.

Maria Angelicoussis, CEO of Angelicoussis Group, and Morten Fon, President and CEO of Jotun Group, have signed the agreement. This extension is a testament to the companies' mutual trust and respect, which have been built over years of successful partnership, and underscores the security and stability of their relationship.

The renewal of this contract not only signifies the enduring strength of our partnership but also opens new avenues for innovation and growth. Both companies are dedicated to upholding the highest standards of quality and service, ensuring continued success over the next two years.

About Angelicoussis Group:

Angelicoussis Group is a privately owned group of shipping companies, founded in 1947 by Antonis I. Angelicoussis. Through Athens-based companies, Maran Tankers, Maran Gas, and Maran Dry, it operates a modern fleet, serving oil, gas, and dry cargo markets, in a safe, efficient, and environmentally sustainable manner. Today, with an operating fleet of 141 vessels with a total DWT of 24,18 million metric tons and a total cbm of 9,80 million, the Angelicoussis Group is the largest shipping group owned by Greek interests and one of the world’s largest privately owned fleets. Continuing its rapid expansion, the Group has 24 vessels currently under construction.

www.angelicoussisgroup.com

About The Jotun Group:

The Jotun Group is one of the leading paint manufacturers in the world. With a wide range of interior decoration and exterior protection products, the Jotun products can be found in more than 100 countries. Jotun was founded in Sandefjord, Norway, in 1926. The Group consists of 67 companies and 40 production facilities worldwide, and the more than 10,300 employees are united by a strong company culture, the Penguin Spirit.

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Columbia Group (CG) has signed a Memorandum of Understanding (MOU) with the University of Cyprus (UCY) to launch initiatives aimed at expanding educational, research, development and business opportunities for students.
This MOU will further solidify the longstanding relationship between UCY and CG, fostering the development of various initiatives, events, and programmes.

The agreement outlines collaboration on projects, internships, and research. It includes the organization of scientific and educational events and the placement of UCY students in internships and full-time positions, providing them with valuable business exposure and CG with emerging talent.

Additionally, the MOU establishes PhD programmes compliant with UCY’s rules and promotes joint participation in research projects both locally and internationally. It encourages knowledge sharing to enhance innovation, entrepreneurial capacity, and support for start-ups.

Mark O’Neil, President of Columbia Group, commented, “This MOU underscores our dedication to fostering local talent and enhancing educational opportunities. Collaborating with the University of Cyprus allows us to support academic programmes and provide students with crucial industry exposure as well as understanding of the challenges and needs of a global organisation. We are committed to strengthening our partnership and exploring new avenues for growth.”

The Chairman of the Council of the University of Cyprus, Tasos Anastasiou, stated, ‘’The university aims to develop effective strategic partnerships within the regional business ecosystem, and thus enhancing its ties with a prominent and diverse organisation such as the Columbia Group is a natural step forward with many exciting fields to manifest this promising collaboration.’’

On his part, the Rector of the University of Cyprus, Professor Tasos Christofides, pointed out that ‘’The partnership with Columbia is an opportunity to bridge the gap between academic theory and real-world practice, fostering innovation and enhancing career readiness for the students.’’

This MOU also reflects Columbia Chairman Mr. Heinrich Schoeller’s long-standing commitment and loyalty to the people of Cyprus, and his dedication to the prosperity and well-being of the island. His unwavering support has been instrumental in driving initiatives that benefit the local community and contribute to the island’s growth.

CG places a high importance on education, which is reflected not only in its collaboration with UCY but also in its New Graduate Programme. This 18-month programme offers graduates prospects of permanent employment, providing them with training, mentorship, and opportunities to work on challenging projects. Participants gain valuable experience, develop skills, and explore various areas of the organization, preparing them for successful careers in the maritime sector and beyond.

Image1: (Left to Right) Rector of the University of Cyprus, Professor Tasos Christofides, CEO of Columbia Group, Mark O’Neil, Chairman of the Council of the University of Cyprus, Tasos Anastasiou, Vice-Rector for Academic Affairs UCY, Professor Tatiana Synodinou

Image2: (Left to Right) Rector of the University of Cyprus, Professor Tasos Christofides and CEO of Columbia Group, Mark O’Neil

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130 Greek Nautical High School students participated in a series of seminars and workshops on ocean and climate awareness and the blue economy as part of the “Nauticinblu” Project, enhancing their understanding of the complex relationship between economic growth, biodiversity impacts, and the needed transition to more sustainable operations.

Nauticinblu involves Nautical Institutes in Italy, Greece, Portugal, and Spain and is run by the Italian non-profit environmental organization Marevivo, with the support of the MSC Foundation of the MSC Group. In Greece, it is implemented by the Hellenic Marine Environment Protection Association (HELMEPA), showcasing the strength of this partnership in driving environmental education and sustainability in the maritime sector.

Specifically in Greece, 100 students from the 1st Vocational School of Keratsini, Athens and 30 students from Tsakos Enhanced Education Nautical School (TEENS) in Chios took part in engaging indoor and outdoor activities that covered some of the most important subjects related to the sea, with expert lecturers, experiential workshops and beach cleanups.

At the 1st Vocational High School of Keratsini Attica, the students participated in a comprehensive five-day program, including project introduction, discussions on marine pollution and employment opportunities in blue economy, a beach cleanup at Neraki, Nea Peramos, a marine litter monitoring exercise, a mentoring session with a maritime expert, and a visit to member – company, Hellenic Environmental Center (HEC), for an in-depth look at waste management. The program concluded with a design thinking exercise focused on transforming waste into useful materials, emphasizing circular economy principles.

Accordingly, HELMEPA visited the award-winning Tsakos Enhanced Education Nautical School in Chios, the first non-profit model Nautical Lyceum, where students engaged in a series of activities over five days. The program began with an introduction to the project, followed by discussions on ocean literacy and marine pollution. Students participated in a beach cleanup at Karfas beach, recorded litter in real-time, and attended mentoring sessions on careers in shipping and ocean sciences. Unique to this program, students conducted a survey on local perceptions of climate change in collaboration with the innovative grassroots initiative “Chios Climate Chance” part of HELMEPA’s ongoing program on the island. As a closing event, students created a collective artwork inspired by the ONLY ONE exhibition, which was hosted at the school, to enhance ocean awareness. This artwork is now displayed on the school’s premises.

TESTIMONIALS

Nauticinblu aligns seamlessly with HELMEPA’s mission, fostering an understanding of the ocean’s vital role by empowering Nautical Institute students and teachers. This collaboration presents a valuable opportunity to have an impact and inspire future marine professionals, providing a transformative learning experience that motivates and engages.

- Semiramis Paliou, HELMEPA and INTERMEPA Chairperson

 The students and teachers who participated in the program were excited and gained valuable knowledge, particularly appreciating the combination of indoor and outdoor activities. The tutors and teachers specifically highlighted the program's innovative approach and the importance of introducing and strengthening environmental education in naval high schools. We are very pleased to have had the opportunity to participate in this training program and hope to continue these activities in the future.

- Ioannis Kokkas, TEENS Director

We were delighted to receive the posters from the ONLY ONE Exhibition and held a specialized session for the students. The exhibition helped students familiarize themselves with English terminology related to the challenges associated with the marine environment, as well as the concepts of circular economy and ecological transition. It inspired students to explore bibliographic sources at a global level, enabling them to gain a more comprehensive understanding of these issues beyond Greece.

- Loukia Vasilaki, TEENS English Teacher

For me, the sea represents calm, peace, and freedom. The program helped me gain a deeper understanding of the ocean, climate change, and the maritime professions, particularly in shipping. For women, choosing a maritime education and career path presents a big challenge, as shipping remains a male-dominated field. However, through this program, girls are empowered to pursue their dreams!

Eftychia Strigou, Student of 1st Vocational School of Keratsini

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Golf and maritime have been “sailing” together for the past 10 years at the top golf tournament, Greek Maritime Golf Event, which will take place from September 5-8, 2024, at Costa Navarino in Messinia. This significant event, established as an institution in the golf world, supports society and its vulnerable members through its annual actions.

Playing Golf for a Good Cause

Greek Maritime Golf Event continues its social initiatives this year. The event will once again support the Parents’ Association of Children with Cancer “Floga” through its actions. Specifically, during the awards night for this year’s winning teams on Saturday, September 7, participants will have the opportunity to contribute directly by participating in the raffles for rich prizes at the lottery that will be held. The total amount raised will be donated to the “Floga” association, which supports children suffering from cancer and their families, fights for their better medical, psychological, and social care, shares their fears and anxieties, supports their struggle in every way, and advocates for substantial presence and intervention in matters of medical, psychological, and social care for these children. More information: www.floga.org.gr

As part of this year’s event, the president of the Parents’ Association of Children with Cancer “Floga”, Ms. Maria Trifonidis, stated: "On behalf of the parents and children of Floga, the Panhellenic Association of Parents of Children with Cancer, I would like to express our gratitude for the invitation to attend the top maritime golf tournament for the 2nd consecutive year. For us, supporting our effort is not only a joy and honor but also special recognition of our work, which we have been carrying out for 42 years alongside children with cancer. The chain of friends of Floga, which continues to grow, is for us parents the strength that gives us the courage and the will to continue our efforts to improve the medical, psychological, and social care of our children. Together we convey the most essential message: ‘Childhood cancer CAN be cured’”.

Watch the highlights video with unique moments from last year’s event:

https://youtu.be/hoNL6x2XP3E?si=peKnGlm4EPgAUg5I

This Year’s Competition

Greek Maritime Golf Event will gather more than 80 senior maritime executives this year, forming teams of four. Participants will compete on a team level on Friday, September 6, in the shotgun scramble game at the International Olympic Academy Golf Course. Similarly, on Saturday, September 7, they will participate in a shotgun scramble game at The Hills Course. Golfers will enjoy a unique landscape playing golf among centuries-old olive trees with stunning views of the Ionian Sea, the historic Navarino Bay, and the picturesque port of Pylos.

Significant companies embrace the event

Greek Maritime Golf Event is attended by some of the most significant maritime companies from Greece and Cyprus, and many other important Greek companies that support the event.

IRI/The Marshall Islands Registry is the event’s Platinum Sponsor.

Mainline Shipping Company and Marine Logistics are the event’s Gold Sponsors.

Arrow Hellas, DNV, and Marine Tours are the event’s Silver Sponsors.

Teddy’s Speakeasy is the Official Sponsor.

Poseidonia Restaurant and Bombay Sapphire are the Official Supporters.

Under Armour is the Official Clothing Partner.

Vikos Natural Mineral Water is the Official Water.

Messinian Spa is the Official Beauty Partner.

Messinian Nest, Mind the Ad, Karalis Beach Hotel, La Cucina Italiana and Athi Rodi are the event’s Partners.

Athina Luxury Suites, Messinian Nest, Costa Navarino, The Margi, Tsikeli Boutique Hotel Meteora, Iliada Sunset Suites Naxos, Kois Accommodation, Petra & Fos Boutique Hotel & Spa, Marmari Bay Hotel, Quattro Suites, Namaste Boutique Apartments, Anama Restaurant and Kookoonari Beach Bar Restaurant are the Auction Partners.

Boo Productions is the Audio Visual Partner.

The event is held under the auspices of the Greek Ministry of Tourism and the Greek National Tourism Organization.

Greek Maritime Golf Event, organized by Birdie Events, is an initiative of the recognized Greek PGA golfer, Thanos Karantzias. The sports marketing agency of the year, ActiveMedia Group is responsible for the event’s Golf Production. The tournament is exclusively addressed to distinguished members of the Greek maritime industry.

#greekmaritimegolfevent #costavarino

Photo Credit: Greek Maritime Golf Event by Angelos Zymaras

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Using real-time analytics, ABB’s turn-key solution based on Arkitech’s ARK-M20 system enables up to 12 percent increase in chiller efficiency on board the luxury MSC Cruises ship
The gains equate to 100 MW in monthly energy savings, reducing operating costs and enhancing sustainability on board the 15-year old vessel

A collaboration between ABB and Arkitech has brought significant efficiency gains for the heating, ventilation and air-conditioning (HVAC) system on board MSC Magnifica. Using artificial intelligence and machine learning to analyze data from over 1,500 sensors on the MSC Cruises ship, this technology enables up to 12 percent increase in chiller efficiency to achieve monthly energy savings of 100 MW by the 15-year old ship while maintaining optimal air-handling unit performance.
The HVAC systems onboard cruise ships and ferries are often one of the largest energy consumer after propulsion, making energy efficiency a priority. The ABB solution based on ARK-M20 is designed to minimize the cost and environmental impact of this system. It works by continuously optimizing the HVAC system’s temperature set point in response to variable conditions including weather, seawater temperature, mobility, proportion of passenger capacity filled, time of day and position in port or at sea.
“Controlling the most energy-demanding processes onboard – propulsion, hotel operations and HVAC – is increasingly important,” said Ivana Melillo, Head of Energy Efficiency, MSC Cruise Management (UK) Limited. “Reducing energy needs can decrease fuel consumption and emissions. Thanks to the project, we expect to save 10-12 percent of HVAC energy consumption, equating to nearly 1 ton of fuel saved daily. The greatest emissions savings come from the fuel we don't use.”
“As maritime organizations seek to enhance operational efficiency and reduce their carbon footprint, innovative technologies like ARK-M20 are well positioned to support this growing demand,” said Alessandro De Santis, Manager – Service Area South Europe, ABB Marine & Ports. “Our collaboration with Arkitech and MSC Cruises emphasizes our commitment to delivering measurable energy savings and operational improvements through technology. The project’s success is yet another testament to our leadership in advancing efficiency and sustainability in the maritime industry.”
Supplied in a modular plug-and-play configuration, the ARK-M20 system can be installed seamlessly during normal vessel operations to offer a platform to monitor vessel air quality. As well as providing a safe and comfortable environment for passengers and crew, optimizing HVAC performance contributes towards compliance with regulations such as the International Maritime Organization’s Carbon Intensity Indicator.
“The results achieved by our ARK-M20 system onboard MSC Magnifica exceeded our initial target, equating to energy savings of 100 MW per month and an anticipated 1,600–2,000 MW per year,” said Sander Huijer, Chief Executive Officer, Arkitech. “We are grateful to ABB for its support, in a project which demonstrates the efficiency gains, cost savings and emissions reduction, which can be achieved without compromising performance or guest and crew comfort".

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 customers in process, hybrid and maritime industries improve performance and safety of operations, enabling a more sustainable and resource-efficient future. go.abb/processautomation

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on over 140 years of excellence, ABB’s more than 105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com

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With the cooperation of the University of Piraeus the graduation ceremony of the postgraduate administration program in "maritime science and technology" was held on Tuesday, July 2, 2024 at the Navy Cadets Academy.

The commanding officer of the naval cadet academy congratulated the 52 graduates of the program and focused on the Academy’s Extroversion, inviting them to exploit the knowledge they received in the program.

The Rector of University of Piraeus Mr. Michael Sfakianakis emphasized on the study synergies with the Army’s Staff which aim at the development of the skills of the officers.

The dean of Piraeus University's shipping school, Angelos Pantouvakis, in his speech, exhorted the graduates to be alert to perceive the changes in the business and shipping environment and after thinking and studying to make the right decisions.

The Director of the Program I. Theotokas Professor of the University of Piraeus underlined that knowledge is acquired with effort and cannot be bought, calling the graduates to claim with this resource a brilliant career in the field of shipping and the navy. He also pointed out that they have to follow the principles of responsibility, cooperation and consistency.

In his greeting comments, G. Galanis, Professor of the Navy Cadets Academy, congratulated the contributors and expressed his confidence in the acceptance and success of the program.

The postgraduate program is supported by the Aikaterini Laskaridis Foundation, Seanergy Maritime and Spectrum Labs.

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