The Institute of Chartered Shipbrokers Greek Branch held its traditional Vassilopita cutting event at Piraeus Marine Club on Tuesday, 20^th of February. The Institute’s Members and friends celebrated the beginning of the New Year and exchanged wishes for a Happy and Prosperous New Year!
Prior to the Vasilopita cutting proceedings, a Seminar on "An Overview of the 2023 London Arbitration Awards" was presented by ICS’s guest speaker, Mr Constantinos Bitounis, FICS, Senior Associate, Holman Fenwick Willan International LLP, tutor at the ICS Greek Branch and Fellow Member of the Institute of Chartered Shipbrokers.
Following the Seminar, Members and Friends from the shipping industry had the opportunity to interact in a warm and cordial atmosphere during the cocktail reception. Five lucky Members have been the winners of the “Flouri” Gifts: Alexia Papadopoulou won a 2-night stay in a Junior Pool Villa in Elies Resorts, an exclusive, luxury 5-star hotel of high aesthetics in Vathi of Sifnos. Georgia Simiakaki won an air ticket to Paris, offered by Every Way Travel. Iliana Tzitzi won 1 Seminar with HMC/ICS Greek Branch. Argyro Michail and Spyros Vougious each won a Product Activation Key for “SeaOrama: World of Shipping”, courtesy of Hellaschart and SeaOrama.
ICS sincerely thanks all the businesses who provided this year’s gifts, the personnel and the president of the Piraeus Marine Club, Mr. George Alexandratos for the excellent hospitality and services.

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The University of Limassol proceeded to a partnership with AMMITEC, a distinguished non-profit scientific organization dedicated to uniting IT and Technology Professionals within the global shipping industry.
This partnership represents a significant stride towards fostering education, innovation, and professional development, particularly in the realms of digital transformation and cybersecurity.
Through this collaboration, the University of Limassol and AMMITEC aim to cultivate a vibrant exchange of knowledge, ideas, and expertise between academia and industry professionals. By pooling the collective wisdom and resources of both entities, our aim is to cultivate innovative solutions, tackle industry challenges, and propel the continuous advancement of the digital shipping ecosystem.
Dr Ioannis Filippopoulos, co-Director of the MSc Shipping and Operations Management and Assistant Professor at the University of Limassol, expressed his commitment, stating, “We are dedicated to preparing the next generation of IT leaders who will spearhead transformative change in the maritime sector and beyond. We are thrilled to unite with AMMITEC in this journey towards excellence, collaboration, and meaningful impact”.
Mr. Themistoklis Sardis, President of AMMITEC and Head of IT at Costamare Shipping, stated “I am thrilled to convey our enthusiasm for the collaboration with the University of Limassol. This partnership opens exciting opportunities for our members, allowing them to enhance their knowledge, engage with esteemed academics, and continue to be at the forefront of the maritime digital transformation”.
Learn more about for more information about the UoL programs at uol.ac.cy or contact the admissions office at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 77 77 24 46.

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In a special ceremony hosted at its premises, PPA S.A. entered a partnership with the Port of Guangzhou in China, ranking among the top 10 largest commercial ports globally. The MoU was signed by the Deputy CEO of PPA S.A. Mr. Panagiotis Tsonis and the Deputy General Manager at Guangzhou Port Group Mr. Song Xiaoming.
Under this Memorandum, the governing bodies of both ports committed to enhancing their partnership, establishing a lasting alliance that anticipates present and future challenges. Furthermore, both parties pledged to escalate joint endeavors towards investments aimed at transitioning into environmentally sustainable ports and exploring innovative solutions to minimize carbon emissions. Finally, they agreed to closely collaborate on port digitization and automation, ensuring a continual exchange of expertise and cutting-edge technologies. Mr. Yu Zenggang, Chairman of PPA S.A., expressed profound satisfaction at the signing of the cooperation between the ports of Piraeus and Guangzhou. He stressed that for PPA S.A. fostering continuous development, progress, modernization and technological advancement   through the exchange of knowledge, experiences, and advanced technologies, is paramount in addressing global challenges such as climate change and is a pivotal strategy for port management and decision-making in the port of Piraeus.
The signing ceremony of the cooperation Memorandum was attended by the Mayors of Piraeus and Guangzhou, Mr. Yiannis Moralis and Mr. Sun Zhiyang, along with the esteemed Ambassador of China to Greece, Mr. Xiao Junzheng.
About PPA S.A. : Piraeus Port Authority SA is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.
Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.
PPA is a member of “ECO PORTS”, holds ISO 9001:2015, ISO 14001:2015, ISO50001:2018 Certifications, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2022”.

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Moore Greece is immensely proud to have worked alongside the Hellenic Chamber of Shipping in developing the Guide to ESG Reporting, specifically for its members. By implementing these ESG reporting guidelines, the Hellenic Chamber of Shipping aims to drive positive change in the maritime industry, enhance the industry's reputation and access to funding, contribute to the long-term sustainability of the sector and encourage other shipping organizations globally to adopt similar reporting practices, fostering a culture of transparency and sustainability throughout the maritime industry.
Dr G. Pateras, President of the Hellenic Chamber of Shipping, announced that the Guide is made available to all members of the Chamber with the aim to “enhance the credibility of their ESG reporting, enabling stakeholders to gain a clear understanding of their efforts in environmental stewardship, social responsibility and corporate governance”. The President also expressed his ‘sincere appreciation to the dedicated team at Moore Greece who have contributed their time and expertise to the development of this guide’.Costas Constantinou, Managing Partner at Moore Greece, and Global Maritime Leader of the Moore Network stated that ‘Moore Greece has been a trusted partner to the Greek shipping community for the past 60 years, proactively responding to needs of the industry for quality and transparency in reporting to their stakeholders, whether it is financial reporting or – in this case- ESG Reporting’.
Pinelopi Kassani, Governance Risk & Assurance partner at Moore Greece stated that ‘The guidelines will provide guidance on reporting methodologies, data collection, and verification processes to ensure the accuracy and reliability of reported information. By following these guidelines, companies will be able to provide reliable and comparable ESG data, thus improving their access to funding, cost of funding and overall competitiveness’.

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The Republic of the Marshall Islands (RMI) Maritime Administrator has awarded an Approval in Principle (AiP) to Anemoi Marine Technologies (Anemoi) for their Rotor Sail systems following a review of two bespoke configurations of the wind-propulsion technology.
Rotor Sails, also known as “Flettner” rotors, are vertical cylinders that harness the renewable power of the wind to provide additional forward thrust to the vessel and thereby improves its energy efficiency, along with a reduction in carbon emissions.
The RMI Maritime Administrator’s AiP was issued after undertaking a comprehensive review of a 210,000 deadweight ton (DWT) Newcastlemax bulk carrier designed by Shanghai Merchant Ship Design & Research Institute (SDARI), thereby validating Anemoi’s four Rotor Sails (measuring 5 meters (m) x 35 m) with a folding deployment system and six Rotor Sails (measuring 5 m x 30 m) with a bespoke rail deployment system. 
The review also included a technical assessment of how the installation of Rotor Sails in both configurations will impact the vessel’s Energy Efficiency Design Index (EEDI) calculations, with an estimated improvement of 20% for the rail system and 17% for the folding deployment system for the vessel’s EEDI.
Jasbir Jaspal, Deputy Commissioner of Maritime Affairs, RMI Maritime Administrator said, “the RMI Maritime Administrator is fully committed to supporting industry efforts to continuously evolve and improve safety and environmental performance on board vessels. We are very pleased to award this AiP as the Anemoi Rotor Sail systems provide a means for the commercial shipping industry of today to once again leverage wind energy as a means of propulsion and to reduce its carbon footprint.”
Kim Diederichsen, Chief Executive Officer of Anemoi, said, “we are delighted to have received the support of the RMI for Anemoi’s award-winning Rotor Sail technology. Wind propulsion has found its place in modern commercial shipping and this partnership is the latest step in demonstrating the positive impact of Rotor Sails. We look forward to a close and long-standing relationship with one of the world’s leading flag States as we all continue to work together to boost decarbonisation efforts in shipping and improve vessel efficiency goals.”
Anemoi Rotor Sails have been installed on board a number of RMI flagged vessels. Installation of Anemoi’s rail deployment system was completed in June 2023 on the 82,000 DWT TR LADY Kamsarmax bulk carrier. The 400,000 DWT SOHAR MAX very large ore carrier is scheduled for completion in mid-2024 with Anemoi’s folding deployment system. The Rotor Sails on both of these vessels will provide additional forward thrust, improve their energy efficiency, and reduce their total carbon footprint.
Ship owners are increasingly turning to Rotor Sails as an energy saving technology to ensure their vessels meet critical international emission reduction targets, including EEDI/Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII). The installation of three Anemoi Rotor Sails on board TR LADY is expected to save more than 10% on fuel and emissions annually, while the inclusion of Rotor Sails onboard SOHAR MAX is expected to reduce CO2 equivalent emissions by up to 3,000 tonnes per year.
Image 1: Graphic showcasing six Anemoi Rotor Sails deployed on 210,000 dwt Newcastlemax bulk carrier with a rail deployment system Credit: Anemoi Marine Technologies
Image 2: Graphic showcasing four Anemoi Rotor Sails deployed with the company's bespoke folding deployment system Credit: Anemoi Marine Technologies
Image 3:  The collaboration between Anemoi and RMI will assess how the installation of Rotor Sails, pictured in transit, will impact a vessel's EEDI calculations, with an estimated improvement of 20% for the rail system and 17% for the folding system Credit: Anemoi Marine Technologies

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The ESG Shipping Awards, an esteemed recognition platform for sustainable and responsible practices in the maritime industry, is pleased to announce the successful conclusion of the Workshop on Mental Health and Well-being for Seafarers “It’s Ok Not To Be Ok!” by Learning Seaman, which took place on 13 February 2024 at the Grand Hyatt in Athens.
The event recognized the unique challenges faced by seafarers and aimed to break the silence surrounding mental health in the maritime industry. "We must bring the conversation about seafarers’ mental health into the mainstream, encouraging open and destigmatized discussions. Seafarers should feel empowered, not ashamed!” Mr. Yofis Florentin, CEO of Learning Seaman emphasized in his opening remarks.
“Seafarers are the most precious asset on the vessels and our efforts on political and business level should be as clear as possible” Mr. Manolis Koutoulakis, Secretary General of Ministry of Maritime Affairs and Insular Policy, stressed at the beginning of the workshop.
Leonidas Dimitriadis – Evgenidis, president of Eugenides Foundation and IMO Ambassador in Greece emphasized the unique challenges of seafarers “Isolation and loneliness, fatigue, and sleep deprivation, physical health risk, mental health straggles cultural language barriers, so many aspects to be tackled and addressed in an ever-changing world”.
Esteemed speakers from academia and industry shared their expertise, experiences, and best practices, shedding light on the often-overlooked mental health needs of seafarers.
"It all starts with awareness. I think it’s important to take the stigma away from mental health. Once you are aware then acceptance will come.” said Dr. Deepti Mankad, trainer and consultant at MINDSPEAK. “Being proactive to build a robust system to address mental health and wellbeing concerns is an investment. Mentally healthy seafarers will always bring in safer operations and reduce incidents."
Dr. Maria Carrera, research associate of World Maritime University, emphasized the need for collaboration: "Seafarers expect action more than words and intentions concerning well-being and mental health. The whole industry must work collaboratively to integrate human factors and social welfare into industry practices and regulations for the long-term sustainability of the shipping industry."
Participants engaged in discussions covering a broad range of topics, including understanding the psychological impact of prolonged isolation, recognizing signs of mental health issues, promoting lifestyle medicine, implementing effective support systems, and reducing the stigma surrounding mental health.
The workshop facilitated meaningful conversations, allowing participants to share their experiences and learn from one another. Mr. Panos Zachariadis, Technical Director of Atlantic bulk carriers, referred to his own experience when he was sailing at sea in the early eighties, describing a prevalent feeling of isolation, noting that today the issue is a lot worse due to the availability of internet keeping crews in their cabins after their shift.
Experts in the shipping industry have also voiced their support for recognizing and addressing seafarers' mental health challenges: “We need to embrace new technologies and find innovative tools if we are to successfully address these challenges” said Mr. Christos Kechris, HSQE of Maran Gas Maritime Inc.
Cpt Anna Maria Papakosmopoulou, an ex-seafarer, from Maran Gas Maritime Inc. shared her thoughts on the workshop: "I have personally witnessed the struggles that seafarers can have on mental health and I always insist that we must listen to them. Glad to see all those in-field experts recognizing the significance of mental health. The passion of the people putting their expertise together is remarkable.”
Cpt Nikolaos Polymeris, from Danaos Shipping Co. recognized the importance of inclusivity and diversity in supporting seafarer’s mental health: “we need to create an inclusive and diverse environment on board to ensure happy and committed crew to keep the industry safe”.
During the event experts also highlighted the relationship between technology and seafarers’ mental health: “Automation, digitalization, and sophisticated onboard navigation systems can significantly reduce the workload, however technostress from feeling overwhelmed by technology demands can lead to burnout and depression among seafarers, compromising their well-being and overall job performance.” said Dr. Aspasia Pastra, Assistant professor of World Maritime Academy.
Overall the event provided a supportive platform for open dialogue, knowledge-sharing, and the development of actionable strategies to support seafarers' mental health. ESG Shipping Awards remains committed to supporting seafarers' mental health and well-being, and this workshop is just one of the many initiatives they undertake to create a positive and inclusive maritime industry.
For more information about the ESG Shipping Awards, please visit www.esgshippingawards.com or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.. Title & Program Sponsor: Learning Seaman
Supporter Sponsors: Elko Marine Group of Companies, Marine Tours, The American Club

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In a first-time collaboration, Hellenic Hull, a leading player in marine insurance since 1994, enter into a dynamic partnership with the Conference of Peripheral Maritime Regions of Europe (CPMR), a non-profit organization operating since 50 years as a think tank and lobby for regions, ensuring that regional needs and interests are taken into account in EU policies with a high territorial impact.
The CPMR, representing 150+ regions in the EU and beyond, has been advocating for a balanced European development, looking at social, economic, and territorial cohesion, integrated maritime policy, and transport accessibility.  The CPMR operates as a think tank and regional advocate, ensuring needs are heard and policies are impactful.
Sharing goals for the blue economy, maritime strategies, shipping, and insular policy, Hellenic Hull and the CPMR are joining forces, promising a wave of mutual benefits across the maritime spectrum.
Dive into the Initiative:
Lectures: As part of the E-sealearning pilot program, the CPMR will deliver a guest lecture on June 2024 to students, researchers, and professors of the Universities of Aegean and Piraeus in Greece. This initiative aims to foster knowledge exchange and collaboration between academia and industry.
Professional Development Courses (PDCs): The CPMR’s specialized PDCs cover topics vital to Hellenic Hull, including the EU's maritime policies. Charting a course for continuous professional development in the maritime sector.
E-sealearning Program: Dive into the Future. Hellenic Hull’s E-sealearning program will be endorsed by the CPMR and shared among its members. An educational voyage, aiming at enhancing island regions and elevating insularity at the European level.
Award Ceremony: The CPMR commits to participating in an award ceremony honoring students engaged in the program. The "Young Maritime Ambassador" title will be conferred upon the student achieving the highest score, following a comprehensive evaluation by the School of Humanities of the University of Aegean.
This collaboration starts a promising journey in promoting sustainable blue economy, education, and the development of expertise within the European insular community. Hellenic Hull and the CPMR will build up a dynamic partnership to support an innovative maritime industry into the future and nurtures the growth of maritime ambassadors for a brilliant tomorrow!

About CPMR:  The Conference of Peripheral Maritime Regions  brings together more than 150 Regions from  24  States from the European Union and beyond.
Representing about 200 million people, the CPMR campaigns  in favour of a more balanced development of the European  territory. It operates both as a think tank and as a lobby for regions. Through its extensive network of contacts within the EU  institutions and national governments the CPMR has, since its creation in 1973, been targeting its action towards  ensuring that the needs and interests of its Member  Regions are considered in policies with a high territorial impact. It focuses mainly on social, economic, and territorial  cohesion, maritime policies and blue growth, and  accessibility. European governance, energy and climate change, neighbourhood and development also represent important areas of activity for the association.

About Hellenic Hull:  Hellenic Hull Management (HMA) Limited was founded in 1994 to act as managers of the Hellenic Hull Mutual Association Plc., the first hull and machinery mutual association for Greek and Cypriot shipowners. During its 28 years of operation Hellenic Hull Management has insured more than 12,500 vessels and more than 450 managing companies with a 99% renewal ratio.  The company’s record of zero bad debts illustrates the strength and reliability of its insured clients over many years. Meanwhile, HMA’s underwriting expertise and discipline is evident in a historical loss ratio of 67%. The company maintains offices both in Limassol, Cyprus and in Piraeus, Greece.
Since July 2016, HMA has been the manager of American Hellenic Hull Insurance Company Limited, a joint venture between the American P&I Club and Hellenic Hull Management. American Hellenic Hull’s founders and managers established a leading global player in the international blue-water marine hull insurance market and the first-ever Solvency II marine underwriter in Cyprus. In February 2022, American Hellenic Hull Insurance Company was renamed American Steamship Owners Marine Insurance Company (Europe), or American Club (Europe) for short, expanding its license to include P&I and related business for EU/EEA operators qualifying for such coverage.

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ZeroNorth and Alpha Ori Technologies recently received all required regulatory approval for their agreement to join forces. It means that today is day one of the two organisations as a new, integrated business under the name ZeroNorth.
The milestone kicks off an ambitious next phase for the new ZeroNorth, enabling the company to boost its value to the more than 4,500 vessels and 200+ customers that the companies serve. Fuelled by AI and human expertise, and by fully integrating Alpha Ori Technologies’ high frequency data and expertise in IoT sensors, ZeroNorth will streamline resource management, predict maintenance, monitor hull performance, optimise voyages, digitalise bunker operations, track and report emissions and enable stronger vessel selection decisions for its customers.
It means that customers will be able to tap into a single source of data that improves their profit and reduces their impact on the planet, in line with their operational goals and strategies.
More broadly, the milestone further powers up shipping’s digital transformation, and creates a leading maritime optimisation company. It powers up ZeroNorth’s ambition to bring about a greener global trade ecosystem by speeding up the company’s data flywheel, meaning that stronger solutions and optimisation recommendations are made over time. The deal will create a beacon of empowerment for the industry, improving decision-making on a wide scale across the value chain.
The company’s management team will continue to be led by Søren Meyer in his role as Chief Executive Officer.
The joint business will remain an independent company with robust financial backing and heritage from top industry leaders, leveraging their deep shipping knowledge to deliver transformative solutions that positively impact the sector. The company will be headquartered in Copenhagen with 12 global offices.
Speaking on the milestone, Søren Meyer, CEO, ZeroNorth said: “Today marks the next bold step for a new ZeroNorth. The combined company will have the size to accelerate the impact on the shipping and maritime value chain. It is a statement of intent to the market, underlining the power and potential of our partnership and platform to support customers' economic and environmental strategic goals. We are excited about enabling our customers in the transformation of the global fleet.”
Bala Sankaran, Co-CEO Alpha Ori Technologies, added: “I’m proud to have founded a company that delivers value to our customers and brings technology and data to the forefront in making global trade green. I celebrate the new ZeroNorth and its potential to accelerate the green transition for our customers, the industry, and the planet.”
ZeroNorth has already been demonstrating its impact on the industry by transparently sharing the CO2 savings generated by its platform. Since 2022, the company’s technology has prevented more than 1.4m tonnes of CO2 from being emitted into the atmosphere; an impact statement that will only increase as a result of today’s news.

About ZeroNorth 
Recognising the challenges posed by climate change, technology company ZeroNorth was founded to accelerate the transition to greener global trade. By blending cutting-edge data-driven technology with human expertise, the ZeroNorth platform provides a range of software solutions that are helping the global shipping industry cut emissions and reduce its impact on the climate, whilst maintaining commercial performance. 
ZeroNorth offers one platform with multiple services and is an industry leading software developer, which interconnects data into insights and actions, optimising global trade for cargo owners, vessel owners, commercial operators, charterers, and bunker suppliers. The company’s software offers a full range of services which support the value chain to increase earnings and reduce CO2 emissions.

Image:  Søren Meyer, CEO, ZeroNorth

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WE Tech Solutions has signed a contract with New Times Shipbuilding Co., Ltd, China for the delivery of shaft generator solutions for three plus one 156500 dwt Suezmax Tankers owned by the Greece shipowner Polembros Shipping Ltd.
Polembros Shipping turned to WE Tech Solutions to receive a state-of-the-art solution that will address the concerns of IMO’s and EU’s environmental regulations and restrictions. This is a strategic move, as the solutions provided by WE Tech Solutions help the company create savings, as well as reduce emissions. These solutions are designed to significantly reduce emissions and environmental impact in the maritime industry. WE Tech Solutions’ Power Take Off (PTO) is an innovative and energy efficient solution that uses a shaft generator to convert mechanical power from the main engine into electrical power. This solution minimizes the running hours of auxiliary generators and thus, also reduces the consumption of fuel. This is a highly fitting solution for Polembros´ three new tankers.
The collaboration between WE Tech Solution and Polembros aligns perfectly with the European Union’s goal towards zero emissions. The EU aims to cut greenhouse gas (GHG) emissions by at least 55% by 2030, and to make the EU a climate-neutral continent by 2050. By utilising LNG and adopting shore connection, Polembros is playing a pivotal role in reaching these ambitious goals.
Mr. Martin Andtfolk, Sales Manager of WE Tech Solutions, says: “We are thrilled to partner with Polembros and provide them with our shaft generator and shore connection solution. This collaboration does not only highlight Polembros’ commitment to environmental sustainability, but also positions them as industry leaders in the embracement of advanced green technologies. By choosing WE Tech Solutions, Polembros is taking a significant step towards reducing their carbon footprint and contributing to a sustainable maritime future.”
“At Polembros, we are committed to embracing the energy transition through innovative solutions towards zero carbon vessels. Our collaboration with WE Tech Solutions for our new eco Suezmax tankers exemplifies our dedication to this mission, as ensures compliance with new regulations, allows us to be machinery fuel flexible. These solid steps ere emphasising our commitment to sustainable shipping”, said Dr. Eleftherios Dedes, Energy, Projects & Sustainability Manager of Polembros.

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