Tototheo Maritime established a partnership with Orion Reederei, a prominent ship management company based in Germany, in a transformative move towards enhancing connectivity and crew well-being.
Orion Reederei manages a fleet of approximately 40 bulk carriers and is deeply committed to the welfare of its crew and operational efficiency. Recognising the critical importance of reliable and seamless communication at sea, Orion Reederei has joined forces with Tototheo Maritime to harness the cutting-edge capabilities of Starlink, aiming to advance connectivity and crew satisfaction.
Captain Sosnowski, Master of M/V ‘Pax’ noted, “The crew can now effortlessly communicate with their families and friends, share important moments, and access valuable information, regardless of our location. Starlink’s dependable, high-speed internet access offered has significantly enhanced their overall well-being and morale onboard.”
“We are thrilled to partner with Tototheo and offer our crew members the benefits of Starlink’s advanced satellite connectivity,” said Mirko Labenda, IT Generalist at Orion Reederei. “Our crew’s well-being is of utmost importance to us, and by providing reliable and high-speed internet access, we are ensuring they can stay connected with their families and friends while delivering their duties effectively. Tototheo’s expertise and support throughout the installation process have been exceptional.”
Tototheo remains committed to delivering innovative and reliable satellite communication solutions to its clients worldwide.
“We take pride in collaborating with Orion Reederei as they strive to provide top-notch connectivity and crew welfare on their vessels,” said Despina Panayiotou Theodosiou, co-CEO at Tototheo Maritime. “This partnership underscores our shared vision of embracing cutting-edge technology to meet the evolving needs of the maritime industry. The positive feedback received from Orion Reederei’s crew members reinforces the importance of reliable and high-speed connectivity at sea. We are excited to continue supporting Orion Reederei in extending Starlink across their fleet, ensuring their crew remain connected.”
This agreement marks a significant chapter in the partnership between Tototheo Maritime and Orion Reederei, where reliable connectivity and crew welfare take center stage.

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With 1000+ participants every year, attendees can expect an informative networking forum connecting them to the shipping industry's key players, including influential members in the financial community, such as commercial and investment banks. This one-day conference, known for its large attendance by shipowners, its rich informational content and the extensive marketing, networking and business development opportunities.
Featuring the institutional and industry leadership of global shipping, this forum will address the industry's main trends and challenges, as well as the opportunities that lie ahead and strategies to compete in an increasingly complex and demanding world.
Today's global landscape is impacted by major trends such as geopolitics, energy security, increasing regulation, deglobalization, a slowing world economy, higher interest rates, shifting trade volumes with China, which has been the locomotive for global shipping and commerce, and more. In this environment, the role of shipping as the link in the global supply chain remains vital and despite the challenges it creates significant opportunities across the various market segments.
This year's Capital Link Greek Shipping Leadership Award will be presented to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP) ; Chairman - INTERTANKO (2014-2018), in recognition of TEN reaching the milestone of 30 successful years as a public company & his outstanding contribution to Greek & Global Shipping.
KEYNOTE ADDRESSES will be delivered by Mr. Arsenio Dominguez, Secretary General of the IMO * H.E. Christos Stylianides – Minister of Maritime Affairs & Insular Policy of Greece * Ms. Melina Travlos, President - Union of Greek Shipowners (UGS) ; Chair of the Board - Neptune Lines * Mrs Fotini Ioannidou - Head of Unit, Directorate-General for Mobility and Transport - European Commission

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On the occasion of GSCC (Greek Shipping Cooperation Committee) New Year pitta cutting, Mr. Haralambos Fafalios in his speech described the latest geopolitical events and climate crisis incidents that affect the world shipping industry.
He said: “The world has moved significantly on from the pandemic into an era of several significant wars going on, namely the Ukraine and Gaza.
To add to that we have a regional conflict in Yemen, which very significantly affects our business.
Primarily from the perspective of crew safety as well as potentially severing one of the most significant arteries of world trade i.e. the Red Sea and Suez Canal.
In fact, as this problem has been spreading, it might even affect the access to the Persian Gulf.
Against this backdrop, the low water levels in the Panama Canal seems a bit less worrisome but the effects to world maritime trade are all there.
As usual, the world shipping industry has been doing its best to counteract these issues and see to it that all nations are still receiving their wet and dry commodities as well as manufactured goods on time and on schedule.
Inflation is slightly abating itself but still the world’s most significant economic zones are coping in different ways.
Europe itself is just short of recession and has many elections to decide on its future direction.
The Far East, except for China, is still progressing forward as is India. China will have to take some very difficult economic decisions if it is to resuscitate various ailing parts of its economy.
Whilst the U.S. economy is moving strongly, an election in the autumn will leave voters with two relatively stark choices so far.
The world has learnt to live with sanctions and its effects on maritime trade has been significant as it has created a parallel universe of a fleet with few controls, which is involved in the transport of sanctioned commodities.
In the last twelve months all these factors have helped some sectors of the shipping markets and hindered others.
The tanker sector, both dirty and clean, enjoyed a fruitful and positive twelve months.
The gas carrier fleet, especially the LPG sector, reached new record highs in their freight rates.
The container sector has cooled down a lot and a very substantial orderbook does not bode well for the future.  Interestingly, the car carrier market has been more fortunate with a record demand for vehicle transportation.
Dry bulk went through an unexceptional year, occasionally brought up by the odd FFA induced rally.
Apart from all these challenges, world shipping has been trying to adjust to a low carbon environment. Few realistic solutions at all have been provided by the technology suppliers such as ship and engine builders and the energy suppliers who have still not given us a real low carbon fuel on a well-to-wake basis. This is especially the case for tramp / bulk shipping.
The fuels that are being offered do not, at present, have a global bunkering network and in some cases are not proven to be safe, especially for seafarers.
So, it does the industry no good to add to its headaches with instruments such as ETS, CII, EEXI, which do not in any way encourage a path towards green shipping.
The fact that world shipping transports more than 90 per cent of world trade, in a manner which is more carbon efficient than any other mode of transport, speaks highly of shipping’s continuous aim of lowering its carbon footprint.
The Greek shipping industry itself, one of two largest in the world, is engaged in a very substantial newbuilding programme in all sectors in order to provide vessels suitable for the future.
As the Greek fleet itself carries most of the world’s tramp trade, i.e. dry bulk, gas and tanker, it has to be more versatile than any other fleet and adhere to the requirements of every nation and its legislative conditions.
In order to reach a net zero situation sooner rather than later, we urge all those who supply us with ships and fuels to increase their efforts to reach real solutions, to efficiently serve the tramp model.
We also think that legislators ought to supply more carrot and less stick in order to encourage progress as opposed to filling up their fiscal shortfalls.
The G.S.C.C. itself, being based in London, has the advantage of being close to all the major shipping bodies and has a close dialogue with all these organizations as well as non UK-based institutions. We are always working towards improving the global understanding of what Greek and world shipping does and how it goes about this in a seamless and low carbon manner.
We still urge the Greek government to upgrade the maritime education system and allow more private education establishments.
If the Greek flag is to survive the surrounding bureaucracy, it must improve itself significantly.
We cannot stress enough the need for Greece to have more permanent representation at the E.U. and the I.M.O. in order to increase the understanding of the maritime industry.
The Hellenic Coast Guard must remain an important backbone to the Greek maritime system with its global representation.
Most importantly, of all our gratitude goes to all our seafarers, who endure so many challenges every day and are rarely appreciated for their hard work.
World trade would not function without their selfless efforts every day of the year keeping ships trading from one port to the other whilst encountering rough seas and challenging port environments.
Those working in shipping offices ashore must also not be forgotten for all their hard work in keeping this vital industry functioning smoothly”.
Concluding Mr. Fafalios thanked G.S.C.C. colleagues for their dedication and hard work and in particular to Kostas Amarantidis and his team for running this organization so efficiently in these difficult times.
Image: Mr. Haralambos Fafalios, President of the Greek Shipping Co-operation Committee

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The newly built ship is the first containership of its newbuilding program, the “Zim Sparrow”, a 5,300 TEU containership.
“We wish her fair winds and following seas,” said Navios in a post on the company’s social media.
Navios Maritime Partners has developed into a colossus as it operates a total of 180 ships of various types.
Angeliki Frangou modernizes its fleet by selling old vessels and sealing deals for newbuilds, while it expands into areas that will promote Navios long-term prospects, such as the recent tanker deals which the company entered into with various oil majors.
On the occasion of the financial results of Navios for the third quarter of 2023, Angeliki Frangou commented on the shipping markets: “The United States and Euro zone economies are generally healthy. 
However, the wars in Ukraine and Israel coupled with inflation and a transition in the interest rate environment have contributed to making this one of the most dangerous times in memory. Despite these factors, the shipping market is healthy, and Navios has performed well.”
“We continue to focus on things that we can control, such as reducing leverage, being eco-friendly through modern, energy efficient vessels and expanding into areas that will promote our long-term prospects, such as the recent tanker deals we entered into with various oil majors.”
The Greek shipowner agreed to acquire last year four 115,000 dwt newbuilding scrubber-fitted Aframax/LR2 tankers, for a purchase price of $61.25m each.
It also agreed to acquire four newbuilding Japanese MR2 product tankers under bareboat contracts, and a 2019-built kamsarmax of 81,692 dwt (previously chartered-in) for a purchase price of $28m.
The acquisition of the kamsarmax ship was completed in October 2023.

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Wallem Group has partnered with the Chinese automaker BYD by providing commercial services for its first fully chartered PCTC vessel, MV BYD Explorer No. 1. The vessel has completed its first loading operations and is on its inaugural voyage to Europe.
Wallem Group is providing BYD with day-to-day support on vessel operations including cargo stowage, route and bunker planning, and is liaising between the vessel, owner, and charterer. In addition, Wallem Group is working closely with BYD to explore possibilities to support the group on all other maritime functions such as cargo bookings and vessel performance management.
The PCTC vessel set sail from Yantai and Xiaomo ports in China, marking the first addition to BYD’s ‘sea fleet’. Utilising LNG as the primary fuel for its main engine and generators, the vessel boasts environmentally friendly features, significantly reducing carbon, nitrogen, and sulphur oxides emissions.
Anurag Mathur, Managing Director, Commercial Services, Wallem Group said: “We are proud to partner with BYD in providing commercial services for its inaugural vessel. Wallem’s Commercial Services aims to add efficiency not only to vessel performance but also to the charterer’s port, bunkering and cargo operations. We are also pleased to collaborate with a partner who holds sustainability at the heart of their business”.
About Wallem
Wallem Group is a leading provider of technology driven maritime solutions, offering services supporting the complete lifecycle of a vessel from newbuilding supervision to end-of-life recycling guidance. Wallem’s extensive portfolio includes asset management, crewing, training, ship management, safety and compliance management and agency services.
As one of the largest and most experienced solutions providers globally, Wallem offers world-class support to shipowners by bringing its customer-centric and transparent approach to all aspects of fleet operation. Wallem combines technology and forward-thinking to deliver on safety, technical, and commercial performance without compromise. Wallem believes in collaboration to foster innovation in meeting future needs.
Wallem operates globally with a shore-based team of 700 people and 7,000 highly qualified seafarers, serving nearly all vessel segments.

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By Mr Anastasios Andreas Maraslis, Founder/President of Marasco Marine Ltd* 

In the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishes itself as a dedicated advisor in marine insurance. The company excels in refining standard insurance offerings into specialized policies that resonate with the unique requirements of each client. With a commitment to clarity and precision, Marasco Marine Ltd adeptly simplifies the complexities of marine insurance, ensuring a straightforward and effective service for its clientele.
With a rich history that dates back to 1991, Marasco Marine Ltd has not just been a part of the maritime narrative but has been actively shaping it, fostering a Culture of Risk Prevention that is revered across the shipping community. This article marks the beginning of a series that delves deep into the ethos of Marasco Marine Ltd, unveiling how its culture of risk prevention isn't just a strategy but a legacy that safeguards and propels maritime ventures towards success and prosperity.

A Legacy Carved Through Expertise
Marasco Marine Ltd's journey is a testament to unwavering commitment and unparalleled expertise. With 32 years under its belt, Marasco has not just witnessed the maritime industry's evolution but has been a proactive catalyst in driving change, particularly in the realm of risk prevention. The company's ethos is deeply rooted in a philosophy that transcends the transactional nature of business, focusing instead on adding enduring value to its clientele and the broader shipping community.

The Advisory Vanguard: Pioneers of Maritime Safety
At the core of Marasco's success is its specialized team of experts and the illustrious Advisory Board. This isn't just a group of professionals; it's a cadre of maritime maestros, each a maestro in their respective field, be it naval architecture, marine engineering, or maritime law. This collective expertise forms the backbone of Marasco's risk prevention strategies, ensuring that every policy is not just a contract but a covenant of safety and stability.

Custom-Tailored Strategies: The Marasco Assurance
Understanding that each vessel and voyage is unique, Marasco Marine Ltd prides itself on offering tailor-made marine insurance policies i.e H&M/WAR/LOH/K&R/P&I/FDD/MII and MARINE CLAIMS HANDLING SERVICES. This bespoke approach ensures that every aspect of a client's need is meticulously addressed, echoing Marasco's commitment to not just meet but exceed expectations. The goal is clear – to minimize, if not eradicate, marine accidents and claims, and to strategically lower the premiums charged by Hull and P&I underwriters.

A Culture Steeped in Prevention and Protection
The risk prevention culture at Marasco Marine Ltd is not a mere aspect of its operations; it's the very essence of its identity. It's a culture that's been meticulously cultivated, deeply ingrained, and passionately upheld. This culture resonates through every advisory session, every policy drafted, and every claim handled, ensuring that risk isn't just managed; it's masterfully mitigated.

Marasco Marine Ltd: Your Partner in Navigating Success
Aligning with Marasco Marine Ltd is not just a business decision; it's a strategic move towards ensuring enduring success in the volatile maritime sector. Partnering with Marasco means embracing a culture of foresight, excellence, and unwavering support, a partnership where your success and prosperity are not just goals but guarantees.

Setting Sail with Confidence
In the vast and often unpredictable maritime landscape, Marasco Marine Ltd stands as a lighthouse of guidance and reliability. Its legacy, built on a robust culture of risk prevention and a bespoke approach to maritime insurance, ensures that every client it partners with is not just insured but insured for success.  

*Marasco Marine Ltd Is an independent Marine Risks Management Company which has over 30 years of marine insurance expertise in P&I and H&M insurance with an unwavering commitment to client’s success, by introducing specialized strategies in Risk Prevention and Risk Management in its daily modus operandi, with additional services such as: safety audits, and the introduction of safety protocols, which is very crucial for its clientele’s P&I and H&M insurance covers and premium cost control. More about Marasco Marine Ltd, its full list of services, unique structure and its Board of Advisors, can be found at www.marasco-marine.com

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This year’s Induction Ceremony of the Greek Shipping Hall of Fame will take place on the evening of Monday 22 April 2024 at Megaron, The Athens Concert Hall.    
Greek shipping’s most prestigious annual dinner event is again expected to attract a capacity audience of more than 500 guests. Leading personalities of the Greek shipping world and their international partners can look forward to an exceptional evening celebrating the industry’s leadership, history, and culture. 
Caroline Lowry, Director of Phoebe Media & Events Ltd, the exclusive event organiser, comments: “We are very pleased that this year’s Induction Ceremony & Dinner returns to its traditional position on the Greek shipping calendar and to its traditional venue, Megaron’s splendid Banqueting Hall. We look forward to welcoming event sponsors and their guests on this truly unique occasion to honour many of Greek shipping’s most historic personalities and to unveil the latest Inductees to the Hall of Fame – the 2023 Inductees.”
A donation from the event proceeds will again be made to Greek children’s charity Hellenic Hope that works with Greek NGOs across a range of children’s projects.
The Greek Shipping Hall of Fame thanks event sponsors confirmed so far:
ABS, IRI/The Marshall Islands Registry and Shanghai Waigaoqiao Shipbuilding Co. as Co-Lead Sponsors of the Induction Ceremony & Dinner 2024. 
Christopher J. Wiernicki, ABS Chairman and CEO comments: "The renowned global success story that is the Greek shipping industry was built by truly remarkable men and women who were entrepreneurial, innovative and brave. It is their spirit that fuels the industry's outstanding international performance today. ABS is proud to be able to honour the visionaries and personalities who made it all possible by continuing our long-standing support for the Greek Shipping Hall of Fame.”
Theo Xenakoudis, Director – Worldwide Business Operations & Managing Director Greece, International Registries Inc. comments:
“International Registries, Inc. (IRI) and the Marshall Islands Registry celebrate the 2024 Greek Shipping Hall of Fame honourees for their vision and leadership. As the industry balances ambition and practicality for a sustainable future, the Greek shipping community continues to raise the bar for innovation and future-forward thinking.”
Wang Qi, Chairman of Shanghai Waigaoqiao Shipbuilding, comments: “SWS is proud of its close and long-standing relationship with the Greek shipping industry.  The vessels delivered by SWS to our Greek clients has made this community more colourful and integrated. We are very pleased to continue our support for the Greek Shipping Hall of Fame as a Lead Sponsor of the 2024 Induction Ceremony & Dinner.  We continue to be inspired by the ambition and drive shown by all of the Inductees of the Greek Shipping Hall of Fame and we look forward to being with you - our Hellenic friends - in April for this truly unique event.” 
Premium Sponsors confirmed to date are Ascenz Marorka, Moore Greece and Optima Shipping Services.
Bank Julius Baer will again enhance the Greek Shipping Hall of Fame’s support for Hellenic Hope.
Standard sponsors so far include Cass Technava, Cayman Islands Shipping Registry, ClassNK, Columbia Shipmanagement, Isle of Man Ship Registry, Lloyd’s Register, Marichem Marigases Worldwide, Marine Support, Marine Tours, Monjasa and Swift Marine.  

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ABB has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will establish ABB as one of the market leaders in ship route optimization. The acquisition of the DTN Shipping portfolio covers vessel routing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions as well as completion of applicable works councils’ consultation procedures. It is expected to close during Q2 2024.
The acquisition comes at a time when real-time weather routing analytics play an increasingly important role in helping vessels optimize voyage efficiency and safety. Complementing ABB’s existing digital offering, the DTN Shipping business brings market-leading application programming interfaces (API) to ABB and expands the number of vessels connected to ABB networks to over 5,000. ABB and DTN Shipping will work together to ensure continuous customer service and the seamless integration of approximately 85 employees, most of whom are located in the Netherlands and Philippines, into ABB.
Current customers of DTN Shipping will benefit from ABB’s expertise in electric, automated and digital marine solutions, securing more opportunities to gain efficiencies, save fuel and cut emissions.
“We look forward to welcoming our new colleagues to the ABB family. With DTN Shipping’s unique weather routing solutions, combined with our existing digital portfolio, we can bring significant benefits for ship owners and operators worldwide,” said Juha Koskela, Division President, ABB Marine & Ports. “This is integral to our commitment to deploy digital solutions for the purpose of driving better operational decisions, resulting in increasingly sustainable performance of vessels. With this acquisition, we can now offer all levels of digitalization, across all fleet types and sizes, creating a unique offering in vessel and voyage performance.”
“Innovation is by nature collaborative,” said Marc Chesover, President and CEO of DTN. “This is an important moment in the advancement of digital solutions for the maritime industry. We are proud of what the Shipping team has accomplished at DTN and are confident that the industry will see great value from the expanded ABB offerings that are possible when combined with the DTN Shipping portfolio. DTN looks forward to continuing to provide core forecasting elements to ABB post completion.”
ABB Ability™ digital solutions for the marine industry are well-established in passenger, ice-going, container and energy vessel segments. With this acquisition, ABB further strengthens the company’s focus on investing in digital solutions that support decarbonization and enable better resource efficiency, in line with the ABB purpose to drive a more sustainable future through technology leadership.
DTN is a global, data, analytics and technology company. Its proprietary solutions and expertise deliver trusted operational intelligence for organizations with complex supply chains worldwide. Access to the unparalleled, cloud-based data, applications and insights that DTN offers help businesses prosper, improving service delivery and the movement of goods for many critical sectors of the global economy. DTN is headquartered in Minneapolis, MN and Utrecht, Netherlands and operates or has investments in the Americas, Europe, and the Asia Pacific region with support from more than 1,200 employees worldwide.
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 more than 140 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.
Image: ABB Marine and Ports digital landscape – image credit: ABB

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The safety of seafarers must be paramount as the international community seeks to address the volatile situation in the Red Sea says INTERCARGO speaking on behalf of the world’s dry bulk ship owners.
INTERCARGO condemns the ongoing targeting of merchant ships and fully supports the comments made by Arsenio Dominguez, newly-appointed International Maritime Organization Secretary-General who highlighted that seafarers are innocent victims and that the principle of freedom of navigation must be upheld, thereby allowing the safe trade of essential goods across the globe. 
As during Covid times, dry bulk shipping continues to ensure the transport of key supplies and the smooth running of the global economy. Once again, everyone should be reminded of the value of our seafarers and the imperative for their legal designation as key workers by all nations with special/favourable handling by ports and countries of destination.
With Non-Governmental Organisation status at the IMO, INTERCARGO is actively involved in discussions and information sharing at the highest level. The association endorses the IMO’s stance that there must be caution and restraint to avoid further escalation of the situation in the Red Sea and broader area, in alignment with UN Security Council Resolution 2722 (2024) on the Red Sea.
About INTERCARGO: International shipping is vital for the global economy and prosperity as it transports approximately 90% of world trade. The dry bulk sector is the largest shipping sector in terms of number of ships and deadweight. Dry bulk carriers account for 43% of the world fleet (in tonnage) and carry an estimated 55% of the global transport work. Please view our latest Dry Bulk Shipping video: Sustainably serving the world’s essential needs3. 
The International Association of Dry Cargo Shipowners (INTERCARGO) unites and promotes quality dry bulk shipping, bringing together 250 forward thinking companies from 30 countries. INTERCARGO convened for the first time in 1980 in London and has been participating with consultative status at the International Maritime Organization (IMO) since 1993. INTERCARGO provides the forum where dry bulk shipowners, managers and operators are informed about, discuss, and share concerns on key topics and regulatory challenges, especially in relation to safety, the environment, and operational excellence. The Association takes forward its members’ positions to IMO, as well as to other shipping and international industry fora, having free and fair competition as a principle.

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Empire Navigation Inc., managers of M/T St. Nikolas, announced that the company has re-established direct contact with the vessel and its Master for the first time since the St. Nikolas was seized on Thursday, 11 January. The company also confirms that the vessel still remains at the Bandar Abbas anchorage in Iran and that all crew members are in good health and have been able to contact their families. 
In an effort to best protect our crew members and their families, we ask that you respect their privacy during this emotional and difficult time. 
We remain in constant cooperation with the families of our seafarers, making mental health and psychological support services available through specialized professionals. Family members will have access to these resources until the seafarers are safely released, at which time the seafarers themselves will have support as long as advised by medical professionals.
Despite a renewed line of communication between Company and vessel, our top priority remains the safe return of our 19 crew members onboard the St. Nikolas. 
The vessel was sailing laden, with a cargo of about 145,000 mts of crude oil loaded in Basrah, Iraq and destined to Aliaga (Turkey), via the Suez Canal, when she was seized. The charterer of the vessel is Tupras.
Empire Navigation maintains close contact with pertinent Greek and International authorities as we work to secure the safe return of the 19 crew members onboard the St. Nikolas. 

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