The Republic of the Marshall Islands (RMI) has again been recognized as a high-quality registry, achieving an unprecedented 19 consecutive years on the United States Coast Guard’s (USCG’s) QUALSHIP 21 roster as noted during today’s INTERTANKO meeting in Connecticut which took place prior to the kick-off of the CMA Shipping Conference 2023. The RMI is the only one of the world’s three largest registries to consistently achieve QUALSHIP 21 status. More than 1,350 RMI flagged vessels were enrolled in QUALSHIP 21 as of 14 March 2023, representing approximately one third of the QUALSHIP 21 vessels worldwide. “We take our commitment to high-quality and safe vessel operation seriously. It is the focus of everything that we do,” said Bill Gallagher, President of International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the RMI Registry. “We work closely with our owners, operators, and teams around the world to facilitate high levels of compliance, and actively engage in supporting our clients’ compliance efforts,” he continued. With the industry’s significant attention on sustainability and decarbonization, IRI has enhanced resources and capabilities in key technical and customer service areas to support RMI owners and operators in compliance with forthcoming regulatory changes. Two key personnel changes in North America: the hiring of Rafael Riva, Vice President, Client Relations, and the promotion and shifting of Tom Bremer to Vice President, Fleet Quality and Compliance, underscore the importance IRI is placing on enhancing compliance and technical capabilities for the future. Mr. Riva comes to IRI after nearly 19 years with Lloyd’s Register where he specialized in LNG and LPG and moved around the world to support their strategic interests and business development. Mr. Riva supports RMI owners and operators from the Houston office, working closely with IRI’s Renewables and Oil and Gas teams. “It’s clear that the market will continue to explore and develop alternative and renewable energies,” said Simon Bonnett, Chief Maritime Officer. “Our clients need to know that their flag has the in-house technical experts and client support capabilities to answer questions and provide guidance as they determine their path to 2050. We are expanding our team to ensure we have experienced and knowledgeable resources available to them worldwide.” Mr. Bremer, originally hired in 2013, previously supported the fleet as Vice President, Investigations. Based in the Baltimore/Annapolis office, Mr. Bremer serves as a liaison between the worldwide fleet operations teams and clients, with a focus on supporting clients’ compliance especially for fleets calling on ports in the United States. Prior to joining IRI, Mr. Bremer served with the USCG for nearly 10 years in a variety of port State control and investigative roles. “Compliance continues to become increasingly complex, and we saw an opportunity to provide enhanced support to our clients by creating a new position,” said Brian Poskaitis, Senior Vice President, Fleet Operations. “Tom serves as a dedicated link between operators and the flag State, not just to support individual operators, but also to be proactive in anticipating and addressing the clients’ changing needs as the compliance environment shifts,” he continued. “Compliance is not a static achievement,” noted Mr. Gallagher. “We constantly review our processes, procedures, teams, and capabilities to find ways to enhance and strengthen our fleet’s compliance. That constant striving to do better is how we have achieved this new milestone, and I am exceptionally proud of our team, owners, and operators for the collective efforts that led to this recognition,” he concluded.

Image: Bill Gallagher, President of International Registries, Inc.

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The NYSE listed company Costamare has agreed to become the leading investor in Neptune Leasing through the investment of an amount of up to $200M.
Costamare will be appointing three additional members to the Board of Neptune Leasing, including Vassilis Mantzavinos, an experienced shipping banker.
Nikoletta Fouska, Chief Investment Officer of the LATSCO Family Office said: “Costamare has selected Neptune Leasing as the vehicle for their investment in the sector. We have also committed to significantly increase our original investment in Neptune Leasing.  Harris and the team have made excellent progress since Latsco FO anchored the platform in early 2021.”
Harris Antoniou, the Founder and CEO of Neptune Leasing, commented: “Another leading shipping investor has chosen to back our platform of leasing services to the maritime community. Both our key investors share Neptune Leasing’s goal to build a high quality portfolio in shipping, diversify across various shipping sectors and pursue healthy returns at acceptable risk levels. The Neptune business model is not competitive but symbiotic to bank finance and we are pursuing cooperation with commercial lenders. Finally, I welcome Vassilis Mantzavinos as well as the other new members to the Board of Directors.”
Gabriella Kindert, Non-Executive Director & Board Chair added: “Maritime leasing has attractive income-generating capacity, downside protection, and limited correlation with other investment products.  Given the large fragmented market and the growing demand for credit, maritime leasing offers an opportune entry point for investors. The support Neptune Leasing enjoys from two leading strategic investors with interests in shipping enables the Company to pursue its mission and growth objectives. I welcome the new experienced Costamare representatives on the Board of Directors.”
Neptune Maritime Leasing was established in 2021. It is a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool and investors with secure access to an under-invested asset class with attractive real yield.
Neptune’s strategy is to buy high quality assets and build a portfolio of long-term contracts through sale and leaseback transactions in diverse maritime sectors. Neptune is committed to delivering attractive, long term, risk-adjusted, and responsible returns to our investors, by advancing global trade and economic growth through supporting the maritime industry responsibly, and by making a positive contribution to the environment and to society as a whole.
About The Latsco Family Office 
The Latsco Family Office (“LFO”), the first Anchor Investor in Neptune Leasing, is the Single Family Office of Marianna J. Latsis’ family, with offices in Athens, Geneva, and London. LFO manages strategic investments in Shipping, Energy, Infrastructure, Real Estate and Fintech, has investment expertise across asset classes and multiple strategic partnerships.  The Latsis family is one of the world’s most renowned investors in shipping since the 1940’s via the Latsco Shipping Group.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships and dry bulk vessels for charter. The Company has 49 years of history in the international shipping industry and a fleet of 72 containerships, with a total capacity of approximately 531,000 TEU (including one vessel that we have agreed to sell) and 45 dry bulk vessels with a total capacity of approximately 2,436,000 DWT. The Company also has a dry bulk operating platform which charters in/out dry bulk vessels, enters into contracts of affreightment and utilizes hedging solutions. Four of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture companies in which we hold a minority equity interest.

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“The new technology cannot replace the importance of training of crews and key personnel”, declared Panos Kourkountis, the keynote speaker at Greener Shipping Summit.
Indeed, this was a clear message to come out of the event as panelists and delegates discussed the summit's theme 'New Technologies and Education'. Another clear message was that the industry's traditional education system "should become most flexible and modernised".
The event was organised by Newsfront / Naftiliaki under the auspices of Greece's powerful technical body Martecma (Marine Technical Managers Association).
Mr. Kourkountis, chairman of Martecma, noted technology has affected shipping in a positive manner. Its application to design, construction and operation has resulted in "better and safer ships than in the past". 
"The fast pace of changes due to technology also brings serious risk," he said. "There is no period for the building of experience. Education is the only means to understand, evaluate, build and safely operate the new systems."
Then we are getting double messages from countries on the way to decarbonise with many of the regulations having nothing to do with the environment but only geopolitics.
Then when it comes to new fuels – hydrogen, methanol, ammonia, biofuels, batteries and electric power – the industry has very little knowledge and to go forward "we need the proper education".
"Whether the future ships will be fueled by hydrogen or methanol a blackout is enough to strip the ship of a sophisticated high-tech system leaving it with the people who have the capabilities and right virtues," said the Martecma chairman.
When it came to discussing the management and understanding of new equipment to be used on the next generation of ships, several panelists were quick to say there is a need to "teach the teachers". Indeed, the first panelist, Dimitris Fokas, training manager of the Angelicoussis Shipping Group, declared "teachers have to change the way they teach", a view shared by Ioannis Golias, md of the Eugenides Foundation, who also warned maritime educators need to prepare for what is coming as staff do not have to only know what to do but how to do it.
Fokas also said it is vital the correct balance be found of what is available and what is not, while Venetia Kallipolitou, of the Tsakos Group, said the interface between the office and the vessel must be robust and shipping companies must cooperate with educational institutes.
There was considerable discussion throughout the day on 'soft skills' and 'hard skills'. Stavros Hatzigrigoris, a former Martecma chairman, argued that soft skills will be downgraded in the medium term as people with hard skills are required to deal with today's needs and the training of people with hard skills should be the priority. RINA's training manager, Katerina Palla disagreed saying there is a need for soft skills when it comes to handling innovation. Summit chairman, George Tsavliris contended "re-skilling and up-skilling" is what is required.
When it comes to new equipment and green shipping and AI, Panos Zachariadis, technical director of Atlantic Bulk Carriers, said Greek shipping is now being left behind. ABS' business development manager, Maria Kyratsoudi, said AI is here but "we are missing the back-up systems", while Zachariadis said AI "needs controls otherwise it will takeover". Applied Research International's Gaurav Bajaj said when it comes to AI we have to go step-by-step and focus on what is required. John Kokarakis, of Bureau Veritas, stressed digitalisation is related to AI because of the data it provides.
Rizos Krikkis, gm Oceanking Engineering, said current trends pose three questions: What green technologies seem attractive for shipping; What will be the role of the after-sales and training for their adaption; and What are the major concerns for their sustainability.
Nikolaos Fragiadakis, director of marine engineering at the Merchant Marine Academy of Aspropyrgos, said the pandemic saw the introduction of teaching new tools which are not methods but now he uses his computer and cell-phone and not chalk and blackboard. Further, academies have to produce decision-makers with a technical skill and for maritime academies this is the difficult thing.
A student of the Aspropyrgos academy, Nikolaos Karagiannis, said students today are searching for the new technologies which are a combination of classical advanced engineering and computerisation.
National Technical University of Athens associate professor of maritime transport, Nikolaos Ventikos, told the summit that updating the curriculum is critical and the NTUA is trying to do it continually to meet the needs of today. He gave the example of a newly elected  member to the staff who is a specialist in sustainability and new vessel design how the university is striving to make use of findings in international projects.
However, NTUA PhD candidate, research engineer, Konstantinos Louzis, felt the curricula of universities have “fallen a little behind because of the fast pace of change”, and this has presented challenges.
University of Piraeus’ Thanos Pallis noted the growth of e-learning  means many students are part-time. He also stressed there is a need to teach students how to manage data. He also referred to the fact most students have a relative or a friend at sea and this has influenced the choice of a career. “The career at sea is not promoted,” said Pallis who also noted many qualified Greeks work abroad.
Hellenic Institute of Marine Technology president, Nikolaos Liapis, said new technologies do exist but are not being applied to the shipping industry. He said Greek technology companies do exist and they can work with universities, but they need funding and support. He believes Greece could become one of the leading technology producers in the maritime sector in the world but it needs academia and the industry to come to together.
Captain Michael Malliaros, gm, Euronav Ship Management (Hellas), said the industry is facing huge challenges and there is a great need for collaboration. “Actions from individual companies will not have the impact we want to produce the people with the skills needed to run vessels in the future,” he said. He said the willingness of individual companies to educate or train the people is not enough, all the stakeholders need to collaborate.
As Summit chairman, George Tsaviiris, summed up: “Shipping isone of the few industries where you have to be passionate, willing, daring and a romantic.

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The three-day open workshop “Blue Horizons – Shipping for the New Generation” took place from Friday 17/03 to Sunday 19/03 at the Yacht Club of Greece with great success and attendance of students and graduates.
For the first time, the three historical organizations of Piraeus, the Propeller Club, the Yacht club of Greece and HELMEPA collaborated with the aim of strengthening the ties of today’s youth with shipping.
During the opening day, greetings were addressed by Ms. Semiramis Paliou, President of HELMEPA, Mr. Costis Frangoulis, President of the Propeller Club, and Ms. Elisavet Procopiou, Vice President of the Y.C.G.
An emotional speech given by the President of Y.C.G., George Procopiou, to the young guests, on Saturday morning 20/03, was inspiring and created a sentimental atmosphere. The contribution of the Propeller Club’s General Secretary Danae Bezantakou as the main coordinator for the Club in this event, was exceptional.
This new collaboration attracted young people from 15-25 years of age, giving them the opportunity to learn from industry experts, engage in interesting discussions, and gain valuable insights into the world of shipping. Among the young participants, we had the pleasure of having several members of our own Student Port attend.

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The European Commission recently proposed the Net-Zero Industry Act to scale up the manufacturing of clean technologies in the EU and make sure the Union is well-equipped with net-zero technologies for the clean-energy transition.
This initiative is part of the Green Deal Industrial Plan and will contribute to the European Green Deal objectives, contributing to both the 2030 climate and energy targets and to the 2050 objective of climate neutrality.
The Cyprus Shipping Chamber has agreed with the EU’s proposed Net-Zero Industry Act, however points out that the Act could play a critical role in efforts to enhance Europe’s security, competitiveness, and autonomy.
Therefore, the new Act must properly recognise the strategic role of shipping, especially in Europe’s security. The shipping industry is a cornerstone of European security: energy security, food security, security of supply of goods.
This is also a unique opportunity for Europe to foster the sector’s competitiveness. Shipping remains one of the most important means of trade for the Member States of the EU. Nowadays, ships carry more than half the value of goods imports to the EU and over 40 percent of goods exports from the EU. To maintain the competitiveness of its shipping industry, the EU should continue to control a sizeable merchant ship fleet that needs to keep expanding every year.
Decarbonisation is a huge challenge for shipping and the upscaling of affordable low- and zero-carbon fuels and technologies for the sector is key. As such, renewable fuels of non-biological origin (RFNBOs) should be included within the Act’s definition of ‘strategic net-zero technologies’, so that dedicated production capacity can be swiftly developed.
The inclusion of offshore renewable technologies and Carbon Capture and Storage (CCS) technologies in the list of strategic net-zero technologies is a step in the right direction but there are further initiatives that could contribute towards developing dedicated industrial capacity for marine fuels. The proposed Act could be the kick-start for the development of a European supply chain mechanism for clean marine fuels and technologies which is so much needed for meeting the sector’s and the EU’s decarbonisation objectives at large.

Image: Mr. Themis Papadopoulos, president of the Cyprus Shipping Chamber

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Procureship, provider of one of the world’s leading e-procurement platforms for marine buyers and suppliers, has partnered with fellow Greek company Oriani to further expand the digitialisation efforts of Greek shipping companies.
Oriani advises shipping companies that are looking to enhance their businesses through digitalisation. It works with shipping companies primarily in Greece to connect them with relevant maritime digital transformation partners.
The partnership between Procureship and Oriani brings together two of the largest digital transformation players in the Greek shipping market to streamline the procurement process, improve decision making and offer significant cost savings for Greek ship owners.
“Procurement departments need the right tools. There is so much data and so little time to analyse the market and trends and see if shipping companies are spending their money in the best way and using the most efficient processes to inform their decisions. Procureship offers a digitally advanced platform that uses machine learning (ML) to eliminate hours of manual work, seamlessly connecting marine buyers , suppliers and service providers in a cost-effective and timely manner,” said Grigoris Lamprou, Co-Founder and Chief Executive Officer of Procureship.
“By partnering with Oriani, we can offer our platform to more shipping companies in Greece and be a part of their digitalisation journeys by improving their procurement departments and making things faster and more secure.”
Digitalisation efforts are becoming a priority amongst Greek shipping companies as they look to reduce the administrative burden on vessels and improve their overall competitiveness and sustainability offerings.
“The Greek shipping community has long been a driver of change for the global maritime industry. We see a real appetite for embracing new and emerging digital solutions that streamline the administrative tasks that are so crucial to keeping ships running on time and within budget. Procureship offers the most advanced e-procurement service in the market in terms of functionality, speed and support. Crucially the platform is nimble enough to adapt to varying company sizes and needs, while also being large enough to offer a wide range of suppliers and value to the procurement market,” said John Vandoros, Business Development Director, Oriani.
Procureship’s e-procurement platform has been built with digitalisation at its core. The company has recently added new features to the platform including IHM maintenance documentation compliance, advanced e-invoicing processing, service providers recommendation algorithm and detailed freight forwarding optimisation, all of which utilize machine learning (ML) to improve the operational efficiency of the entire procurement process.

Caption: (L-R) Nikolaos Diamantopoulos, Sales Manager, Oriani; Aris Manassakis, Co-founder and COO, Procureship; George Karistinos, Sales Development Director, Oriani; Angeliki Papathanasiou, Head of Operations, Procureship; Philip Uhrskov Nielsen, Co-founder, Oriani; Grigoris Lamprou, Co-founder and CEO, Procureship
Credit: Procureship

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The deadline for submission of candidacies is March 24, 2023. All companies and organizations active in the shipping sector and with a presence in Greece, regardless of size or type, have the right to submit a candidacy, at no cost, for actions which have taken place within 2022 or up until the submission date. Entities can nominate up to 3 different actions/practices per award category, and up to 3 award categories. Any nomination submitted and its supporting material will be kept confidential by the Organizers and the Judging Committee. Award Winners’ ceremony will take place at the Megaron Concert Hall on Tuesday, 30 May 2023.

The ESG Shipping Awards (ESGSA) is a new institution globally under the Auspices of the Ministry of Maritime Affairs and Insular Policy and the Hellenic Chamber of Shipping. ESGSA vision is to encourage the maritime industry to embrace sustainability as part of its culture and strategy, as well as to develop a viable business model. Within this context, the ESGSA mission is to promote and recognize initiatives regarding ESG and sustainability by the maritime industry. The ESG Shipping Awards are a 100 percent Greek initiative, held under the auspices of the Ministry of Maritime Affairs & Insular Policy, along with the Hellenic Chamber of Shipping. The awards create surplus value and competitive advantage to the winners and finalists, showcasing their willingness to incorporate sustainability into their business model.

Awards Categories are as follows:

1. ESG Leader Award
2. Environment Leader Award

2.1. Climate Change Award
2.2. Biodiversity Award
2.3. Eco Efficiency Award

3. Social Leader Αward

3.1. Health & Safety Award
3.2. Community Contribution Award
3.3. People Award

4. Governance Leader Award

4.1. Diversity, Equality & Inclusion Award
4.2. Technology Award
4.3. Business Ethics Award

The Organizer, upon the recommendation of the Judging Committee, reserves the right, after the submission of nominations, to merge or cancel categories, as well as to transfer nominations to a different category subject to the quantity and quality of the nominations.
For Applications: Apply Now – esgshippingawards.com
For info: https://esgshippingawards.com

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Golf and the maritime community join forces for another year offering competitive action and countless thrills on a historic golf course of Athens. Glyfada Maritime Pro-Am is the first pro-am golf tournament for the maritime industry that takes place in Greece, at the Glyfada Golf Course, on Saturday April 1, 2023, with the participation of both professional and amateur golfers.
The first maritime pro-am tournament is expected to attract the interest of Greek and global maritime industry, as more than 70 leading executives will take part. Participants will compete, at a team level, in a shotgun scramble, having the opportunity to play golf on an 18-hole, par 72 championship course.
In the pro-am tournament, teams, consisting of four members, include both professional and amateur athletes. In the Glyfada Maritime Pro-Am format, each team consists of one professional golfer and three amateur athletes from the maritime industry. The benefits of a pro-am tournament are multiple, as it offers an opportunity for amateur athletes to compete and learn alongside a professional, it reduces the pressure a player can have as everyone competes with their own handicap, develops teamwork, offers highly valuable gifts to the participants, and most importantly it provides athletes with the chance to compete on a top golf course.
The Glyfada Golf Course “K. Karamanlis” of the Municipality of Glyfada, is a spot for sport, recreation and culture, with an excellent view. The golf course matches international standards and is a green space, set in a landscape of low hills, large trees and low Mediterranean vegetation. At the same time, it acts as a venue for daily participation in the Greek and International institutional events and competitions, also contributing to the creation of cultural awareness and values in golf. The Glyfada Maritime Pro-Am event will contribute to the development of golf’s relations with the maritime industry and the promotion of sports tourism in the Municipality of Glyfada and the wider region.
Teams participating in Glyfada Maritime Pro-Am will claim prizes for the top three positions in the overall standings; while special awards will be given to players who will achieve the best scores in the special categories of “Longest Drive” and “Closest to the Pin”. Moreover, non - golfers will have the opportunity to attend a Golf Clinic.
The event will conclude with the awards ceremony which will be held at the outdoor area of the all-day highly aesthetic Colonial restaurant at Golf Prive in Glyfada, of the Papatheoharis Group of Companies, with an unlimited and beautiful view of the golf course.
You may find the event’s full schedule here: Mainline Shipping Company is the event’s Gold Sponsor.
IRI/The Marshall Islands Registry, Jotun Hellas, DNV and Marine Tours are Silver Sponsors.
Miele is the Official Sponsor.
Under Armour is the Official Clothing Partner.
Minoa Water is the event’s Official Water.
Beluga, Ipirotissa and Miran are the event’s Partners.
Boo Productions is the Audio Visual Partner.
The tournament is organized by Birdie Events and ActiveMedia Group and it is an initiative of the recognized Greek PGA golfer, Mr. Thanos Karantzias. The event is exclusively addressed to distinguished executives of the Greek shipping community.
The award-winning sports marketing agency of ActiveMedia Group has undertaken the event’s Golf Production.  
Hashtag: #glyfadamaritimeproam
Information for the Glyfada Maritime Pro-Am:
website: www.greekmaritimegolf.gr/glyfada-maritime/ 
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.  

image: Glyfada Maritime Pro-Am (photo by Boo Productions)

Classification society, RINA, has granted an Approval in Principle (AiP) certificate to MAN Energy Solutions for its methanol-ready MAN L/V 32/44CR engine. The AiP covers an upgrade concept for the four-stroke engine for conversion to dual-fuel running on methanol to provide greater flexibility to shipowners.
Patrizio Di Francesco, EMEA Special Projects Manager, RINA, said: “This AiP is based on our recently published Methyl Alcohol Fuelled Ready notation. Methanol is a fuel with a lot of potential as clean, carbon-neutral fuel and the industry is already showing concrete appreciation of it.  The successful cooperation with MAN is a further step towards the availability of future-proof solutions for shipowners.”
Elvis Ettenhofer, Head of New Marine Solutions, MAN Energy Solutions, said: “This approval by RINA is significant as we move towards net zero. A major advantage of our four-stroke portfolio is its inherent retrofit potential, which enables us to provide shipowners with cost-effective solutions and flexibility regarding future fuels. In this latter respect, there is no doubt but that interest in methanol is growing and that it will have a prominent role to play within shipping.”
Methanol has several, physical advantages as a fuel, including a liquid state at ambient temperatures and its accordingly easy handling aboard vessels, compared to gaseous fuels. Under combustion, methanol also emits fewer NO_x emissions and no SO_x nor soot emissions.
In preparation for the fuels that will power a decarbonised future, MAN Energy Solutions is also developing solutions for methanol, which can become carbon-neutral if synthesised with green hydrogen.
Finally, methanol is also much less hazardous to marine life compared with conventional marine fuels. The AiP certificate permits the use of outer ship hulls as bunker tanks, thereby increasing fuel-storage capacity on-board.

Image: The MAN 32/44CR engine

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