“Every owner’s playbook needs to keep a line of sight on three things – regulation, technology readiness timelines and boundary conditions – and must include the elements needed for a short-, mid- and long game such as energy retrofits, electrification and nuclear.”

That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, to Greece’s foremost shipowners, ship managers, and charterers at the ABS Hellenic National Committee Meeting.

“The solution calculus for owners in today’s operating environment is 70% fuel, 15% energy efficiency and 15% performance optimization. Alongside that they need to bear in mind the critical role of well-trained people in not only the new equation for success but also safety performance.”

Wiernicki shared how ABS is advancing a new era in safety training with global safety training centers located in Athens, Singapore and Doha. He outlined how the ABS fleet has grown to 305 million gross tons and has secured the number one position in the global orderbook share. ABS’ safety performance in port state control has consistently ranked number one on a global composite basis since 2017.

ABS executives provided updates on sustainability and regulatory topics with a focus on the cost of regulatory compliance and the impact of fleet pooling under FuelEU. The committee was also briefed on major market trends including the emissions reduction, digital transformation, artificial intelligence, digital twins and data analytics. ABS is bringing these areas together to drive predictive compliance and maintenance and improve safety, reliability, performance and commercial outcomes.

The agenda also featured the latest developments from ABS WavesightTM, including a preview of a new unified SaaS platform that combines state-of-the-art technology with trusted knowledge and expertise. Offering a one-stop solution, the platform connects performance and compliance by providing AI-powered, data-driven insights for smarter decision-making and FuelEU Maritime compliance, including fleet pooling, reporting and documentation and management of EU allowances.

Committee members heard from special guest, Massachusetts Institute of Technology (MIT) professor Themis Sapsis, Koch Professor of Marine Technology, MIT Center for Ocean Engineering. He delivered in depth analysis of the maritime decarbonization landscape as well as development of key technologies such as nuclear energy, autonomy, cybersecurity, hydrodynamics and advanced manufacturing.

The meeting also saw presentation of an ABS Distinguished Service Award to Peter Livanos, Chairman of GasLog Ltd., in appreciation and recognition of his 21 years of service as the ABS Hellenic National Committee Chairman. Stepping into the role of committee chairman is Mr. George Angelopoulos, owner of Arcadia Shipmanagement Co. Ltd.

“I want to extend my personal thanks to Peter for his exemplary leadership and unwavering commitment to safety. His support of our mission and this committee has made it one of the most important forums for the industry in Greece to address technical, operational and regulatory challenges,” said Wiernicki. “Our roots run deep in Greece. Our office in Piraeus is one of the largest outside of our Houston headquarters, and we continue to invest heavily here to provide industry-leading support to enable the Greek fleet to continue to build on its remarkable track record of success. We are delighted to announce George as our new committee chair and welcome his guidance and support.”

Livanos said: “Safety has always been a cause close to my heart and being able to work with so many leaders of Greek shipping to advance safety in our industry has been an honor. I wish my successor and the ABS committee fair winds and following seas.”

“I look forward to working closely with the members to address the complex regulatory, technological, and operational issues facing our industry, and to ensure Greek shipping continues to lead by example,” said incoming Committee Chair George Angelopoulos.

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The majority share of Nasdaq’s listed EuroHoldings Ltd was sold to Latsis’ Marla Investments in an agreement between certain shareholders, all associated with the Pittas family who have entered into a Stock Purchase Agreement and sold 51.04% of the Company’s outstanding common shares to Marla Investments Inc., a company affiliated with the Latsis family. Members of the Pittas family retained an approximately 7.6% ownership interest in the Company immediately after the closing of the Transaction.

No shares of the Company were issued in the Transaction. The consideration for the 1,437,697 shares sold was approximately $12.90 per share in cash. In addition, the Purchaser agreed to pay the Sellers certain amounts in cash payable quarterly in arrears, subject to the continued employment of the Company’s containerships M/V “Joanna” and M/V “Aegean Express” beyond their minimum employment period under their respective charter contracts. In connection with the Transaction, two members of the Board, Messrs. Aristides P. Pittas and Dr. Anastasios (Tasos) Aslidis have resigned.

Eurobulk Ltd, Eurochart S.A. and their affiliates will continue to provide executive, commercial and technical management services to the Company. The Company’s existing management team will remain in place following the Transaction.

George Margaronis and Christos Triantafillidis were appointed to fill the vacancies on the Board created.

Aristides J. Pittas, Chairman, President and CEO of EuroHoldings commented: “Our strategy has always been focused on pursuing the best path forward to enhance shareholder value. We strongly believe that this Transaction represents a significant milestone in EuroHoldings’ evolution as it marks a new beginning with a highly reputable and successful shipping sponsor as a shareholder of the Company. Furthermore, members of the Pittas family retain ownership in the Company which demonstrates our conviction that this strategic decision is for the benefit of shareholders.”

George Margaronis, Vice President of Marla Investments Inc. commented: “With a presence in shipping of over 80 years, the Latsis family is excited that it has consummated its first transaction that relates to the U.S. public markets, to complement its other public and private investments in a variety of sectors and countries. As a new director of the company, I personally look forward to working closely with the Company’s experienced management team and my fellow members of the board of directors.” About EuroHoldings Ltd EuroHoldings Ltd was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three of its vessel-owning subsidiaries. Shares of EuroHoldings Ltd were distributed to Euroseas Ltd. shareholders on March 17, 2025.

EuroHoldings Ltd has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu.

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The Marco Med Forum 2025 was well received at the Aikaterini Laskaridis Foundation in Piraeus, under the theme: “Smarter Coordination. Greener Shipping. AI-Powered Ports.”

The event, held under the auspices of the Ministry of Shipping and Island Policy and the Hellenic Ports Association, was organized by Canadian maritime technology leader GSTS, focusing on the use of artificial intelligence and innovation in the supply chain and maritime risk management.

Distinguished members of the maritime and port community attended, including agents, corporate executives, and port officials. Among them were Mr. Antonios Venieris, Chairman of the Board of the International Shipping Agency Union, and Ms. Marianthi Peristeri, Vice President of the Association of Shipping Agents of Piraeus-Attica. Also present were port security officials such as Mr. Christos Tsakalogiannis, Risk Management Officer at PPA COSCO, and Mr. Giorgos Vakondios, CEO of the Lavrio Port Authority.

The Forum featured two key thematic panels:

- Supply Chain Optimisation with OCIANA

- Predictive Risk Management through Artificial Intelligence

During his opening remarks, Mayor of Piraeus Mr. Giannis Moralis stated: “We followed the Marco Med Forum with great interest, a very insightful conference dedicated to ‘smart’ ports and the solutions AI can bring to their operations.

Piraeus is the largest port in the country and one of the fastest growing in Europe. Its operation is directly linked to the life of the city—its residents, workers, and visitors. Every initiative that contributes to the modernization, sustainability, and improvement of the conditions around the port—whether environmental or traffic-related—is welcome.

The Municipality of Piraeus not only, closely monitors these developments, but is actively part of the discussion. We are in constant collaboration with the Ministry of Shipping, institutional stakeholders, and the PPA administration—as any city should be with its port—on shared matters that concern the further development of Piraeus as a modern and sustainable port.”

Following this, Mr. Neil Swain, Commercial Attaché of the Embassy of Canada in Greece, stated: “Greece has always been a gateway between continents and worlds. Today, as we face challenges like climate change, digital transformation, and the global supply chain, the pressure is high—but there are solutions.

Just a few days ago, I learned that around 4.6 billion parcels enter Europe every year. That’s why I’m pleased to be here with GSTS, aiming to revolutionize maritime operations: with second-by-second accuracy, we can map vessel emissions and ensure safe and efficient arrivals. This is about much more than just technology.”

The keynote speaker, Professor Maria Boile (Professor of Port and Terminal Management and Policy for Intermodal Transport and Director of the MSc in Shipping at the University of Piraeus), presented the latest advancements in artificial intelligence in port operations, highlighting: “Artificial intelligence, data-driven collaboration, and next-generation platforms are transforming fragmented maritime operations into integrated, resilient, and sustainable port ecosystems.

Technology is unlocking the full potential of optimized port calls, just-in-time arrivals, enhanced safety, and meaningful emissions reductions.”

Efthymios Chaldeakis, Global Sales Executive at GSTS, emphasized that technology can transform Mediterranean ports into hubs of efficiency an environmental responsibility.

Andrew Black, Director of Supply Chain Solutions at GSTS, presented the OCIANA platform as an innovative tool for collaboration among ships, ports, and stakeholders.

Robert Marshy, Chief Product Officer of GSTS, focused on risk prediction and enhancing maritime safety using AI.

Ms. Theodora Riga, President of MedCruise and CEO of the Port Authority of Corfu, announced a new knowledge-sharing partnership between MedCruise and GSTS. She also highlighted: “Security and resilience in the Mediterranean are collective responsibilities. As MedCruise, we are committed to ensuring that our member ports are not only gateways for tourism but active partners in safeguarding the region’s maritime future.”

The Marco Med Forum 2025 marked a milestone in public-private sector collaboration, uniting academia and technology firms in a joint effort to modernize port operations and promote sustainability.

Quote by Richard Kolacz, CEO of GSTS: ‘We are proud to organize the inaugural MARCO MED FORUM in Piraeus, one of the most significant port hubs in the Mediterranean. This forum marks an important milestone for GSTS as we establish our European presence, beginning with Greece. Through this event, we aim to foster meaningful collaboration among key maritime stakeholders in the region and showcase how advanced AI solutions like OCIANA® can drive greater efficiency, resilience, and sustainability in port operations.’

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A large number delegates attended the recent Bahamas Maritime Authority (BMA) Technical Seminar in Athens, Greece, where they were given vital updates on environmental regulatory and general technical matters.  The event took place during the Authority’s 30^th Anniversary year and included participants from shipowning, ship managing, class societies, media, BMA Inspectors and other Greek industry stakeholders.

Recognising the importance and invaluable benefit of industry engagement, collaboration has long been a key strategic objective of The BMA and this was emphasised by Managing Director and CEO, Capt. Dwain Hutchinson, in his opening remarks.

The BMA’s Greek team was supported by BMA Deputy Director of Maritime Affairs, Capt. Ghulam Hussain and Technical Compliance Officer, Inspection & Surveys, Arie Durbazevs, who provided key information through presentations entitled “IMO Environment Regulatory Update” and  ‘Alternative Fuels & Energy Efficiency Overview‘ respectively.  The likely outcomes of the IMO strategy on Greenhouse Gases (GHG) and maintaining a balance between protecting the marine environment whilst ensuring shipboard operations remain effective and financially viable were key areas of focus for all participants.

Commenting on the delivery of a successful event, BMA Regional Director, Dimitri Tsiftsis, said, “For 30 years The BMA has been steadfastly committed to providing a quality registration service, and that continues to be a cornerstone in the service that we offer to Greek owned and managed Bahamas-flagged ships. We truly appreciate the trust our owners and managers have placed in The Bahamas.”

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Following pioneering practices that balance the ship market fluctuations and tackle with the geopolitical disruptions and regulatory requirements TEN is in the forefront of the tanker industry maintaining a leading position as an international seaborne trade transporter of energy.

During the recent Annual General Meeting of TEN that was held in Tsakos group premises in Athens, Dr. Nikolas Tsakos reaffirmed the excellent course of the company which has outperformed all of its peers.

The last newbuilding suezmax tanker “Dr Irene Tsakos” that was added in TEN’s fleet was a milestone delivery as it has a particular importance for the family.

The late Dr. Irene Tsakos, the mother of Nikolas was a remarkable woman with solid values and principles.

Dr. Nikolas Tsakos said during his speech at the company’s AGM: “TEN has been able all these years, from 1993 until today, to navigate from growth to growth through different stages of expansion and development, TEN went through several challenging periods and market disruptions such as Russia – Ukraine war, Covid-19 pandemic and has managed to maintain its profitability and expand its fleet.

Today, TEN has a diversified tanker fleet of 85 tankers of various types as well as two LNG carriers with a fleet carrying capacity of 10,2 million dwt.

The newbuilding program has 19 vessels under construction.

The company has secured 180 years of time-charters, cooperating with 1^st class charterers and has remarkably reduced its debt.

Dr. Tsakos also mentioned that we have faced the market volatility in a cyclical business which is influenced by several geopolitical events and protectionism strategies and we have been the largest ice-class operator and one of the biggest shuttle tankers operators in the world”.

A dividend of 0.60$ per common share to be paid in July 2025.

TEN has never stopped to give dividends to our investors and shareholders. TEN has always paid a dividend irrespective of the market cyclicality.

Capt. Panagiotis Tsakos who also addressed the AGM expressed his pride and happiness that in the last delivery of the ship “Dr. Irene Tsakos” the company was represented by three generations of Tsakos family and he extended his congratulations to everyone that worked for this outstanding result.

Finally, Panos N. Tsakos referred to the company’s activities in the Philippines, where the company operates two training academies to recruit its ships with skilled seafarers and he also focused on TEN’s Singapore office providing vetting and chartering services to the company’s fleet.

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BSM Hellas, Bernhard Schulte Shipmanagement’s Ship Management Centre (SMC) in Greece, marked its 20th anniversary this year. As part of the anniversary celebrations, BSM Hellas hosted a commemorative event in Athens on 11 June 2025, bringing together over 500 clients, partners, and employees to reflect on the past and look forward to a dynamic future in shipping.

“Celebrating 20 years in Greece is a testament to our dedicated team, our partners, and our shared commitment to maritime excellence. We look forward to continuing this journey with innovation, sustainability, and safety at the core of everything we do,” commented Managing Director Theophanis Theophanous on this special occasion. Theophanous was already involved in the establishment and launch of the regional SMC, which was founded in May 2005 when BSM decided to expand into the Greek shipping market.

Since its establishment in 2005, BSM Hellas has played a vital role in supporting Greece’s maritime sector, one of the largest and strongest maritime markets, offering high-quality, safe, and efficient vessel management. Over the past two decades, the company has grown its local presence, cultivated strong relationships within the Greek as well as global shipping community, and contributed to the industry’s continued advancement.

“Despite being one of the company’s youngest Ship Management Centres, BSM Hellas has become stronger and stronger over the years, securing oil major time charter approvals and expanding the fleet under management to include LNG, LPG, ethylene carriers, oil and product tankers, bulk carriers and containers ships,” shared Theophanous on the company’s history.

“Today, BSM Hellas is trusted by clients from Greece, France, Malta, Turkey, the Netherlands, Dubai, the USA, Singapore, Hong Kong, China and Central Africa”.

Proud to connect continents through ships and service, the BSM Hellas Ship Management Centre will be managing over 80 vessels by the end of 2025 and also has a confirmed expansion in the imminent few years ahead, where the fleet will sail pass the 100 mark. In the future, its focus will firmly remain on supporting clients by ensuring consistently high service quality and providing adaptive solutions where required.

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RINA, the multinational engineering consultancy, inspection and certification group, has acquired the entire share capital of Foreship, a renowned Finnish company specialising in naval architecture and marine engineering, from Vaaka Partners and company’s managers. The acquisition marks a further expansion of RINA’s marine engineering consulting offering worldwide, while strengthening its presence in Northern Europe.

Foreship, with 2024 revenues of €15.2 million is headquartered in Helsinki and employs over 90 professionals across eight offices globally, including the USA, UK and Estonia. The company is best known for its high-profile work in cruise ship design, energy-efficient vessel innovations, and sustainable marine technologies. Its unique and distinctive experience in naval architecture offers high synergies within RINA Consulting and opportunities to increase market share in the maritime consultancy sector, particularly in complex retrofits, new fuel integrations, and digital transformation.

“Foreship offers unique competence which is highly appreciated by its clients,” said Ugo Salerno, Executive Chairman of RINA. “It brings an exceptional track record and a depth of expertise in naval architecture that complements our own consulting engineering capabilities. Together, on a shared path of growth, we will deliver even greater value to the global shipping industry, advancing sustainability, digital innovation and ship lifecycle services”.

“We are proud to welcome into our group a company that shares our core values of independence, innovation, and engineering excellence” said Carlo Luzzatto, CEO of RINA.

“This acquisition aligns with our strategic plan to become an increasingly essential reference point for our clients, supporting them with our broad-based knowledge. Foreship’s solid reputation and global customer base, including major cruise lines and shipping companies, make it a natural fit for our fast-growing marine consulting business. Foreship reputation as a trusted independent advisor is seen as a core asset that RINA aims to preserve and enhance.”

Lauri Haavisto, CEO of Foreship, commented, “Foreship’s vision is to lead in sustainable passenger ship conversions, new builds, and consultancy. Joining forces with a global partner like RINA will accelerate our growth, expand our knowledge, and strengthen our client relationships, while continuing to foster the close collaboration we value.”

In line with RINA’s governance and organizational mode, Foreship operations will be part of RINA Consulting.

Lazard assisted RINA as financial advisor. RINA was also supported by Bain, which assisted RINA in the commercial due diligence, and by PwC, which assisted in the financial and tax due diligence. Borenius Attorneys acted as legal counsel to RINA in connection with the transaction.

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With the aim to enjoy an afternoon of connecting with industry peers and catching up with old friends WEST Hellas held its Summer Drink Event at Hams & Clams restaurant.

The host of the event Ian Clarke, CEO of WEST Hellas, welcomed the clients and partners of the Club and exchanged views for the current shipping developments and further business co-operation.

It must be noted that for the third consecutive year, Member retention was over 99.5% and the Club is encouraged to report continued support from existing Members, with strong organic growth at renewal, and throughout the 2024/25 Policy Year.

Several new Members were also welcomed to West on 20th February 2025, as continues selective approach to new business across all regions and sectors of the market. The result of this means the total mutual tonnage of the Club will increase again to approximately 110 million GT, up from 100 million GT 12 months ago.

The Fixed and Charterers books have also developed positively in the last 12 months, with high retention in both classes reflecting the Club’s ongoing commitment to service across all departments.

The broader reach West now enjoys is already benefitting the Club’s membership. Controlled growth both from existing Members and non-entered fleets in Hull, Loss of Hire, and Delay classes, with each product contributing positively to the overall technical performance of the Club. Additionally, the acquisition of Nordic, announced in January 2025, marks further progress towards the diversification strategy of the business.

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A major international event dedicated to the friendship and maritime cooperation between Greece and the United States will be organized by the Propeller Club of Piraeus, in collaboration with the U.S. Embassy in Athens.

On July 8, at the Lighthouse of the Stavros Niarchos Foundation Cultural Center, the 2nd Hellenic-American Shipping Gala will take place — an institution established in 2023 and held every two years. It is a special evening honoring the companies and organizations shaping Greek-American relations in the maritime sector.

This year’s event coincides with the 90th anniversary of the founding of the Propeller Club of Piraeus, an organization that has consistently served the purpose of strengthening Greek-American ties in the maritime sector.

At the heart of this year’s gala are institutions and stakeholders with a strong and longstanding contribution to supporting bilateral relations.

“On July 8, we are given the opportunity to celebrate the friendship between our two nations, as well as to highlight our cooperation in the maritime sector — a relationship that is long-standing, strong, and meaningful. As the Propeller Club of Piraeus, we have supported it systematically and with dedication since 1935. It is a relationship of particular importance to our country, and this year more than ever, it is especially crucial not only to preserve it but to further strengthen it,” noted the President of the Propeller Club of Piraeus, Costis Frangoulis, adding:

“The Trump administration’s efforts to strengthen the U.S. maritime industry will create new opportunities and can further enhance the already close cooperation between Greece and the United States in the sector. I invite the members of the Propeller Club, as well as those of the broader maritime community, to once again embrace this important institution,” he added.

The first Gala took place in 2023, with the attendance of more than 450 representatives from the Greek and international shipping community.

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Marlow Navigation, a leading name in global ship and crew management, has strengthened its fleet-wide data security by implementing Dualog Drive, a solution designed to automate and safeguard data transfer between vessels and shore-based operations.

Headquartered in Limassol and managing over 1,000 vessels worldwide, Marlow Navigation operates at a scale where fast, seamless and secure communication between ship and shore is required on a daily basis.

With increasing demands for digitalisation across the maritime sector, the company placed a strong focus on finding a solution to optimise file transfer processes without compromising on cybersecurity.

“Cybersecurity is a core component of our fleet IT infrastructure,” said Manos Manoli, Chief Information Security Officer at Marlow Navigation. “When evaluating data exchange solutions, one of our key requirements was having files scanned before reaching the endpoint. This provides an extra layer of protection for both vessel and shore-based environments.”

Dualog Drive enables automatic file transfers across Marlow’s global fleet, eliminating manual processes and reducing the risk of human error. A key feature of the platform is its built-in cloud-based malware scanning, which inspects all files before delivery to detect potential threats.

“Marlow’s fleet handles thousands of file transfers each month,” said Kyriakos Papapolydorou, Regional Manager at Dualog. “Ensuring these exchanges are not only seamless but also secure is vital. With Dualog Drive, Marlow benefits from end-to-end automation and a robust scanning layer that protects every endpoint on board and on shore.”

As cybersecurity becomes a growing concern in maritime operations, Marlow Navigation’s integration of Dualog Drive reflects a proactive approach to digital resilience, ensuring business continuity and operational security across one of the world’s most extensive managed fleets.

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