On November 10 in Hanoi, Vice Chairman of the National Assembly Nguyễn Đức Hải met with Mr. Gabriel Petridis, Honorary Consul of Vietnam in Piraeus, Greece, and Chairman of Aries Energy Group.
Vice Chairman Hải expressed his desire for cooperation between Aries Energy Group and Vietnamese partners to be realized soon, emphasizing that maritime affairs are a field in which both countries have strengths and high development potential.

He praised Greece’s strong capabilities and global leadership in maritime transport and shipbuilding, noting that Greece is among the top countries in terms of shipping activity and revenue.

Welcoming Mr. Petridis’s interest in Vietnam’s shipbuilding and maritime transport industries, Vice Chairman Hải reiterated the importance of turning cooperative intentions into concrete actions. He highlighted Vietnam’s high logistics costs as a major challenge and affirmed the country’s readiness to support the development of its shipping fleet and shipbuilding industry, while expanding international partnerships.
He encouraged Mr. Petridis to explore investment opportunities in Hai Phong and other coastal provinces. Vietnam is currently planning and constructing large-scale, integrated port and logistics zones across the North, Central, and South regions.

In addition, Vietnam prioritizes tourism development, especially in coastal areas like Hai Phong and Quang Ninh, and is planning high-quality marina zones in Da Nang, Khanh Hoa, and southern provinces.
Regarding crew member cooperation, Vice Chairman Hải suggested that both sides could collaborate to utilize Vietnam’s abundant labor force in the maritime sector.

He acknowledged the fierce global competition in shipping and shipbuilding, but expressed confidence that with Mr. Petridis’s experience and the potential of Aries Energy’s partners, cooperation between Vietnam and Greece would be close and successful.

The National Assembly of Vietnam is committed to listening and facilitating the resolution of legal and regulatory obstacles to promote maritime economic cooperation.

Vice Chairman Hải also called on Vietnam Maritime Corporation (VMC), through its governing body, to propose necessary initiatives to foster bilateral maritime and economic collaboration, helping Vietnam attract capital, technology, markets, and customers in this vital sector.

Mr. Petridis expressed pride in the growing traditional friendship between Vietnam and Greece and praised Vietnam’s socio-economic achievements, especially in maritime development, leveraging its long coastline.
He emphasized that bilateral relations have expanded across politics, economy, trade, healthcare, education, and culture. With its extensive coastline, Greece is eager and ready to cooperate and support Vietnam in developing its fleet, port systems, and shipbuilding industry.

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Melina Travlou, President of the Union of Greek Shipowners:

“In Greek shipping, we are not about words, but about actions towards our homeland.
When we join forces, we can turn the ordeal into creation.”

To mark the rapid and massive mobilization of members of the shipping community in the devastating floods that occurred in Thessaly in 2023, the Union of Greek Shipowners honored, on Monday, November 10, 2025, at the Athens Conservatoire, the donors of the "Agios Nikolaos" action plan for the restoration of the affected areas of Thessaly.

Pupils, together with teachers, representing the affected schools in all regions of Thessaly, Kindergartens, Primary, Gymnasiums, Lyceums, which were reconstructed and upgraded as part of the UGS action plan, gave a dynamic "presence" at the event, which was welcomed by the Prime Minister Kyriakos Mitsotakis.

At the opening, the multidimensional social footprint of the UGS action plan "Agios Nikolaos" was presented through a tribute video.

You can watch the video here: https://lnkd.in/dTsNznDC

Excellent students, together with their teachers, representing the affected schools of Thessaly, which were reconstructed and upgraded within the framework of the UGS action plan, were "present" at the event. A particularly moving moment when three students from the Farkadon High School of Trikala, Giorgos Argyris, Mariza Bagiotis and Vasilis Kounis, took the floor, coming from the area whose schools were embraced by the “Agios Nikolaos” action plan, after they had been destroyed. They sent a message of optimism and hope, expressing the strength of the young generation of Thessaly, stating characteristically: “You did not only rebuild the buildings. You rebuilt our faith, you rebuilt our hope.”

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A meeting between the Secretary of the Interior and President of the US Energy Sovereignty Council, Doug Burgum, and seven leading representatives of the Greek shipping industry, which owns energy-transporting vessels, took place on the sidelines of the 6th Intergovernmental Transatlantic Energy Cooperation (P-TEC) at Zappeion in a very warm atmosphere.

The meeting, was attended by the new US Ambassador Kimberly Guilfoyle. On the Greek side were present George Prokopiou, Maria Angelicoussis, Dr. Nikolas Nikos Tsakos, Yiannis Alafouzos, Petros Pappas, Ioanna Prokopiou and the vice president of the Greek Shipowners' Association, Michalis Chandris.

Opening the meeting, Secretary Bergham stressed the importance of working with Greece at a time when global security and the energy supply chain are under pressure. Referring to the recent attacks on merchant ships in the Red Sea, he noted that this instability “raises costs for the United States and our allies, while favoring our adversaries.”

The US secretary focused on the “strategic resilience” that the West needs to ensure energy sufficiency, noting that shipping is a central link in this chain. He praised the contribution of Greece, which – as he said – “with a small population, has 25% of the world’s fleet under the flag of international shipping registries.”

At the same time, he sent a message about the need for the US to “re-enter the shipping game dynamically”, as they have begun to do in sectors such as the mining of critical metals. “If we want a safe world, we must be present in shipping and the shipbuilding industry”, he stressed.

The Greek shipowner said that this meeting would be the beginning of a new era of “real maritime cooperation” between the two sides of the Atlantic.

The meeting in the framework of P-TEC proved that energy security is not only a matter of production, but also of transportation. Greek shipping, with its know-how and fleet, offers the US a ready and reliable bridge to the global market. On the other hand, Washington sees in Greece not only a traditional ally, but a strategic partner in the era of energy transition and maritime renaissance.

Shipping, as all sides admitted, is returning to the forefront of international politics — and Greece is at the helm of this new course.

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For the third quarter of 2025 United Maritime presented a quarterly dividend of $0.09 per common share generated Net Revenues of $11.0 million compared to $11.6 million in the third quarter of 2024. Net Income and Adjusted Net Income for the quarter were $1.1 million and $1.6 million, respectively, compared to Net Loss of $0.9 million and Adjusted Net Loss of $0.3 million in the third quarter of 2024. Adjusted EBITDA for the quarter was $5.4 million, compared to $5.2 million for the same period of 2024. The Time Charter Equivalent (“TCE”) rate of the fleet for the third quarter of 2025 was $15,093 per day, compared to $16,365 in the same period of 2024.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We delivered solid profitability in Q3 while continuing to optimize our fleet and balance sheet. The sale of our older Capesize vessels released approximately $18.8 million in liquidity, and we resumed share repurchases, reaffirming our conviction in the Company’s intrinsic value. Moreover, the dry-bulk outlook over the coming quarters remains favorable, and our Panamax/Kamsarmax fleet is positioned to capture that upside. “Consistent with our shareholder rewards initiatives, and on the back of the profitable sale of the two older Capesize vessels, our Board of Directors has approved quarterly dividend of $0.09, representing our 12th consecutive quarterly dividend payment. Based on the recent trading levels of our stock, the most recent four quarterly dividends, including the dividend announced, represent an approximately 9% annual dividend yield. Since the commencement of our operations, we have declared cumulative cash dividends of $1.74 per share, or $14.0 million in total, underscoring our consistent track record of capital returns. This aggregate amount is approximately equal to our current market capitalization. “In the third quarter of 2025 we achieved a daily TCE of $15,093, representing a small decrease from $15,421 in the second quarter. Our commercial performance reflects the change in our fleet composition following the divestment of our last Capesize bulkers, transitioning to a pure Panamax and Kamsarmax fleet. We are pleased with this result, and we remain optimistic about the next quarters with all our vessels trading on index-linked time charters that benefit directly from healthy spot rates. As for our fourth-quarter guidance, we have fixed approximately 62% of our available operating days at a daily rate of about $14,880. Based on the current FFA curve, we anticipate an overall Q4 TCE of approximately $15,040.

“In terms of our commercial developments, we have secured three new time charters with leading counterparties, preserving full exposure to Panamax/Kamsarmax market strength. All employments involve index linked rates with direct exposure to the Panamax and Kamsarmax market. We continue to actively monitor the market developments and evaluate opportunities in the FFA market to secure attractive forward coverage at favorable rates. “During the quarter, we completed the sales of two older Capesize vessels built in 2005 and 2006. These transactions boosted the Company’s net liquidity position by approximately $18.8 million after debt repayment. “As regards our offshore vessel under construction, we have significantly increased our investment in the project, becoming the largest individual shareholder, with contributions in the project totaling approximately $12.8 million to date. We remain positive about the outlook of this project and its potential commercial extensions in what we believe is shaping up to be a favorable market environment for energy over the next years. “We also made a pre-seed investment in an AI-driven maritime software platform, making an important step in our digital strategy. While not material in size, this initiative supports significant potential gains in efficiency, automation and transparency across ship management.

“Turning to the dry bulk market, the Panamax market remains firm, driven by strong coal and grain flows. Renewed U.S.–China trade momentum could support extended seasonal strength into Q1 2026, positioning our fleet for continued upside. As regards vessel supply, the Panamax orderbook remains modest at approximately 14% of the existing fleet, while around 16% of the fleet is now older than 20 years. As regulations are expected to further restrict vessel supply over the next years and necessitate fleet renewal, we remain optimistic about the course of dry bulk markets through 2026. “United is well positioned across both dry bulk and offshore. With a young fleet, a growing cash base, and disciplined strategy, we are focused on creating sustainable long-term value and enhancing shareholder rewards.”

United Maritime Corporation operates a fleet of five dry bulk vessels, comprising two Kamsarmax and three Panamax vessels, with an aggregate cargo carrying capacity of 396,297 dwt.

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Once again, the LALIZAS Force travelled from all over the world to gather on the island of Aegina for the LALIZAS Branches Synergy Summit, which takes place every two years. More than 80 colleagues from across the globe, Greece, Italy, Spain, Turkey, Croatia, Montenegro, the Netherlands, the United Kingdom, the USA, Canada, Brazil, Colombia, the United Arab Emirates, the Philippines, and South Africa, came together for this unique event.

The summit was a great opportunity for everyone, from long-standing team members to newly integrated colleagues, to meet, connect, and “cross borders.”

Over three full days, participants attended presentations and training sessions covering new product developments, corporate news, strategic directions, and, of course, any additional support needed by their teams.

The timing of this year’s summit was especially meaningful, as it coincided with the 25th anniversary of a major milestone in the company’s history. Back in 2000, LALIZAS faced a catastrophic fire that almost drove them out of business - a total loss. Yet, from that moment, the company rebuilt stronger than ever.

To commemorate 25 years of rebirth, the Marketing & Communications Department proudly presented a new book titled “From Ashes to Rebirth | A True Story of Inner Strength, Leadership, and Entrepreneurial Recovery,” featuring the personal narration of Stavros Lalizas himself.

As LALIZAS deeply value their people and recognise progress, this year they were once again proud to honour not one, but two Branches of the Year, both of which went above and beyond throughout 2025, demonstrating exceptional effort and performance: LALIZAS UK and Antipiros.

This year’s LALIZAS Branches Synergy Summit came to an end, leaving all attendees inspired, connected, and ready to navigate the future together. United by shared values and driven by a common vision, the LALIZAS Force continues to grow stronger as one global team.

LALIZAS is a family owned company, whose vision is to produce high quality products that ensure safety at sea, and distribute them in international markets through its well‐established distribution network. It was founded in Piraeus, Greece, in 1982. Its product range includes lifejackets (foam- filled and inflatable) ISO and SOLAS meeting all regulations under any flag, life rafts, MOB devices and navigation lights, immersion suits, safety harnesses, IMO signs and many other marine products. All items are being manufactured and distributed in competitive prices to maritime companies, ship suppliers, chandleries, marine stores, shipyards and boat builders around the world always taking into consideration the market’s feedback. Τhe genuine care for their customers and the indispensable input of their employees, who are considered as #thelalizasforce, has resulted in the company’s growth and will continue to contribute positively to the continuous development of LALIZAS.

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At the Annual General Meeting of the International Group of P&I Clubs in London on 11 November 2025, Rolf Thore Roppestad was appointed as the new Chair of the International Group of P&I Clubs.

Roppestad succeeds Andrew Cutler, who has served since November 2022. The Group thanked Cutler for his contributions and the positive impacts during his time as Chair. Under Cutler’s leadership the Group has faced a number of issues, from growing geopolitical concerns, wars and an expanding sanctions regime, to the merger of two of its member Clubs.  The Group also celebrated its 125th anniversary during Cutler’s tenure.

Reflecting on his term as Chair, Cutler commented:  “When I took office, we were still emerging from the COVID-19 pandemic.  Since then, we have seen geopolitical tensions rising, whilst the regulatory burdens in shipping are increasing and compliance with global trade rules is becoming ever more complex. Despite these pressures, the Group system remains vital in continuing to keep global maritime trade moving. I have no doubt that Rolf Thore will lead the Group effectively in facing the many challenges ahead, ensuring that Clubs can continue to support their shipowner members and provide high levels of P&I cover through the Group system.”

Roppestad thanked the outgoing Chair and confirmed his commitment to ensuring the continuity and stability of the Group, saying:  "The IG system is close to my heart. It plays a key part not only in facilitating global shipping, but also in helping to protect seafarers and the marine environment. Under Andrew’s leadership, the Group has thrived and consistently demonstrated its value, and I look forward to building on that.  Together, the Group Clubs will continue to support shipowners as they navigate an increasingly complex regulatory and geopolitical environment. Keeping the IG mission at the forefront: collectively stronger.”

“In today’s geopolitical climate, where established global frameworks and collaboration are under pressure on several fronts, the role of the IG is perhaps more critical than ever,” Roppestad added. “The IG brings together mutual P&I insurers from different parts of the world to ensure that maritime casualties are handled responsibly and efficiently. It ensures that clean-up is properly managed, that people are supported and compensated, and that communities are protected. It is a system that has served society well – and one we must continue to safeguard and promote.”

Group CEO Nick Shaw, welcomed the appointment and acknowledged Cutler’s important contribution: “All of those who have worked with Andrew over the last 3 years have been impressed by his collaborative leadership and attention to detail. We all wish Andrew every success for the future.  I also look forward to continuing Andrew’s good work with Rolf Thore and developing the Group’s strategy as we face the future challenges in the maritime industry.”

About the International Group

The twelve P&I Clubs which comprise the International Group (the “Group”) between them provide marine liability cover (protection and indemnity) for approximately 90% of the world's ocean-going tonnage.

Through the unique Group structure, the member Clubs, whilst individually competitive, share between them their large loss exposures, and also share their respective knowledge and expertise on matters relating to shipowners’ liabilities and the insurance and reinsurance of such liabilities.

Each Group Club is an independent, not-for-profit mutual insurance association, providing cover for its shipowner and charterer members against third party liabilities arising out of the use and operation of ships. Each Club is owned by its shipowner and charterer members, and its operations and activities are overseen by a board of directors, or committee, elected from the membership. The day-to-day operations of the Clubs are handled by professional managers, either "in-house" or external, who are appointed by and report to their Club board/committee.

The Clubs cover a wide range of liabilities, including loss of life and personal injury to crew, passengers and others on board, cargo loss and damage, pollution by oil and other hazardous substances, wreck removal, collision and damage to property. The Clubs also provide a wide range of services to their members including claims handling, advice on legal issues and loss prevention, and they regularly play a leading role in coordinating the response to, and management of, maritime casualties.

image:  L-R - Nick Shaw (IG CEO), Rolf Thore Roppestad (IG Chair), and Andrew Cutler (ex IG Chair)

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Y/KNOT INVEST (formerly Kiriacoulis Mediterranean Cruises Shipping S.A.) entered into a second charter agreement for the dry bulk vessel FEDERICA. The vessel has been fixed for a time charter period that will range between 4 to 6 months at a daily rate of USD 15,500.

The charter commenced in early November 2025 and is expected to run through at least till the end of February 2026, with an option to extend until April 2026.

The agreement is anticipated to generate revenues between USD 1.8 million and USD 2.8 million, enhancing the cash flow of the company.

This follows the company’s first successful charter, which delivered over USD 700,000 in revenues within just 50 days. The company continues to pursue strategic opportunities that enhance shareholder value and

further strengthen its position in the market.

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MSC Cruises and Chantiers de l’Atlantique has proceeded to a major extension of their long-standing relationship with orders for two additional World Class ships – numbers 7 and 8 – due to be delivered in 2030 and 2031.

The announcement was made at a double celebration event to mark important maritime milestones for two other World Class ships currently under construction at Chantiers de l’Atlantique’s shipyard in Saint Nazaire, France, the float out of MSC World Asia and coin ceremony of MSC World Atlantic.

Valued at €3.5 billion, the orders announced today bring MSC Cruises’ total investment in the four ships ordered in France this year to nearly €7 billion. Together with the World Class vessels already under construction, this brings the company’s total direct investment currently committed in France to €10.5 billion. This major industrial plan reflects the shipowner’s confidence in the future of cruise tourism and its ongoing commitment to shipbuilding excellence in France and across Europe.

Pierfrancesco Vago, Executive Chairman, Cruise Division, MSC Group, said, “We mark a proud moment today for MSC Cruises and Chantiers de l’Atlantique as we celebrate important milestones for our future - the float out of MSC World Asia, the coin ceremony of MSC World Atlantic and the order of two new ships. The World Class platform is a symbol of our vision to set new standards for the future of cruising.

These are some of the most energy efficient ships in the world and we continue our commitment to LNG, ensuring we are ready for future renewable fuels. We look forward to continuing with our innovative and successful collaboration with Chantiers de L’Atlantique – our long-term partner for more than 20 years.” Laurent Castaing, General Manager, Chantiers de l’Atlantique, added, “We are deeply grateful to MSC Cruises for their renewed confidence. What our shipyard is achieving today is truly exceptional — four new ships ordered in 2025! The World Class series, now totalling eight vessels, is a testament to our teams’ expertise and to MSC’s vision. It exemplifies our shared commitment to elevating the passenger experience while advancing environmental performance.”

Construction of both World Class 7 and 8 will begin in 2029 and will join a legacy of ships delivered by Chantiers de L’Atlantique as part of its longstanding partnership with MSC Cruises.

MSC Cruises’ World Class redefines the art of cruising, delivering an extraordinary guest experience shaped by visionary design and boundless imagination. Each ship is a destination in itself—where innovation meets elegance, and every detail is crafted to elevate every moment on board.

With distinct districts designed to suit every mood and moment, guests are able discover, connect and unwind in ways that feel uniquely personal. Every new addition to the World Class fleet brings something bold and original. This spirit of constant evolution is demonstrated in MSC World Asia, MSC World Atlantic, and the remarkable ships yet to come—each one a new chapter in a journey to deliver the most memorable experiences at sea.

MSC Cruises’ World Class consists of MSC World Europa (2022) and MSC World America (2025), MSC World Asia (2026), and MSC World Atlantic (2027), with the yet-to-be-named World Class 5, 6, 7 and 8 ships to follow by 2031.

The two new orders will be subject to access to financing, as per industry practice.

MSC World Asia float out – The float out today is a major milestone in ship building process as it is the first time a new vessel touches water and sees the ship enter the next phase of construction. MSC World Asia will be delivered in November 2026 ready to sail in the Mediterranean and from December will offer even-night sailings to the most popular destinations in the Western Mediterranean – Barcelona (Spain), Marseille (France), Genoa, Civitavecchia for Rome, Messina (Italy) and Valletta (Malta).

MSC World Atlantic coin ceremony - A traditional coin ceremony for MSC World Atlantic also took place when the vessel’s godmothers from both the cruise line and the shipyard placed commemorative coins inside the ship as a sign of blessing during construction and to bring good fortune to the vessel.

MSC World Atlantic will enter service in 2027 and will be deployed in the Caribbean Sea from Port Canaveral, U.S, for winter 2027-28.

MSC Cruises’ godmother was Lynn Torrent, Lynn is the President of MSC Cruises North America, overseeing all commercial and operational functions across the region. A seasoned cruise industry executive, she is instrumental in advancing MSC Cruises’ strategic growth across the North American market.

From Chantiers de L’Atlantique, the Godmother was Agnès Sahores, Smart Yard Improvement Manager, who has been working at the Chantiers de l’Atlantique for 25 years. She oversees implementing the company’s improvement plan, which focuses on industrial performance, innovation, environmental efficiency, and collective success.

All World Class ships feature dual-fuel liquefied natural gas (LNG) engines and as bio and synthetic fuels become available at scale, these fuels will be utilised as part of the company’s commitment to reaching net-zero emissions for its maritime operations by 2050.

LNG is key to the development of low carbon solutions for shipping as emerging technologies such as fuel cells can be operated with LNG until zero emissions bio and synthetic LNG become available at scale.

MSC Cruises and Chantiers de l’Atlantique are actively involved in several projects to develop and make

these technologies viable in partnership with regulators, academia, and industry.

About MSC Cruises: Headquartered in Geneva, Switzerland, the privately-owned MSC Cruises is the world’s third largest cruise line and the market leader in Europe with a strong and growing presence in North America.

A global cruise brand with 23 modern ships offering cruises across five continents, guests can visit more than 100 countries worldwide with more than 300 destinations, making unforgettable memories and enjoying the finest hospitality.

About Chantiers de L’Atlantique: Thanks to the expertise of its teams and its network of subcontractors, combined with top industrial technology, Chantiers de l’Atlantique is a key leader in the design, integration, testing and precise delivery of cruise ships, naval vessels, electrical substations for offshore wind farms and fleet services.

The company is a pioneer in the challenges of tomorrow. Thanks to its research and development, Chantiers de l’Atlantique offers ships with the highest environmental performance, as well as equipment for offshore wind farms, making it a major player in global energy transition.

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Focusing on the industry’s future challenges the International Association of Dry Cargo Shipowners (INTERCARGO) marked its 45th anniversary in Athens with record membership and an expanded global reach.

The Association’s Members convened in Athens, Greece, on 3-4 November 2025 for INTERCARGO’s 45th Annual General Meeting (AGM), as well as its committees’ semi-annual meetings where they reviewed the Association’s progress and agree priorities for the year ahead.

In his speech in front of distinguished audience John A Xylas, Chairman of INTERCARGO, said: “This event marks not only the celebration of another productive series of INTERCARGO meetings — our Management, Technical and Executive Committees — but also a special milestone: the 45th Anniversary of our Association. We are truly delighted to celebrate this occasion in Greece — a nation whose maritime heritage and leadership have profoundly shaped global shipping. Greek shipowners have long been at the forefront of the dry bulk sector, setting standards of excellence, integrity, and professionalism that have inspired generations across the world. I would like to express our deep gratitude to His Excellency, the Deputy Minister of Maritime Affairs and Insular Policy, for honoring us with his presence tonight, and to the President of the Union of Greek Shipowners for joining us — both symbols of Greece’s enduring commitment to a strong, competitive, and forward-looking maritime sector.

As we reflect on INTERCARGO’s 45 years of service to our industry, we can take pride in how far we have come.

Since our founding in 1980 by the late Anthony Chandris, what began as a small but determined group of dry bulk shipowners has evolved into a truly global association. INTERCARGO now represents more than 380 members across over 35 countries and territories, encompassing more than 4,400 bulk carriers — a total of nearly 420 million DWT — accounting for over 40% of the world’s dry bulk carrier fleet. Throughout these decades, INTERCARGO has remained steadfast in its mission — to promote safety, quality, efficiency, environmental responsibility, and fair treatment for dry bulk shipping and its seafarers. These values remain at the heart of everything we do. In an era of rapid change and mounting challenges — from decarbonisation and digitalisation to shifting trade patterns and regulatory complexity — our unity and our shared purpose as an industry have never been more important. INTERCARGO continues to work tirelessly at the International Maritime Organization as well as with regional and national bodies to ensure that our members’ voices are heard and respected, that regulations are pragmatic and proportionate, and that the dry bulk sector continues to operate safely, sustainably, and efficiently. None of this would be possible without the dedication of our Secretariat, ably led by our Secretary General, Dr. Kostas Gkonis, and his excellent team: Our Technical Manager Ed Wroe, our Operations Manager Joe Zhou, our Regional Representative Manolis Vergetis, our London Office Manager Tonya Dendrinou and the latest additions to the team of Alan Nugent, in the new position of Nautical Affairs Manager and Myrto Tsouma, in the other new position of Communications Officer— Last but not least, Dimitris Monioudis in the position of Executive Adviser and Chair of the Technical committee. My heartfelt thanks to each of you. I also wish to acknowledge the tireless efforts of our Management, Executive, and Technical Committees — and of course, all our member representatives — who give their time, knowledge, and passion to advance the collective good. As we celebrate our 45th anniversary, we also look to the future. The next chapter for INTERCARGO will be defined by collaboration, innovation, and leadership. Together, we will continue to strengthen our advocacy, enhance our technical expertise, and uphold the highest standards of safety and environmental stewardship that define the dry bulk sector. Tonight, however, is a moment to pause and celebrate — to honor our shared achievements, our friendships, and the spirit of cooperation that binds us as a global family of dry bulk professionals.

Mr. Xylas extended his special thanks to the event’s sponsors ClassNK, Fleet Management, VShips and Hellenic Hull for generously supporting the dinner, as well as Navigator for the beautiful flower arrangements, and Charterwell for providing the live music – a great jazz band that accompanied the guests.

Mr. Xylas also extended his warm thanks to Mrs. Ioanna Procopiou — a distinguished shipowner, member of INTERCARGO, whose family is the new owner of this beautiful venue — for her generous support in facilitating tonight’s gathering.

The event was honored with the presence of His Excellency, Mr. Stefanos Gkikas, Deputy Minister of Maritime Affairs and Insular Policy, Admiral Tryfon Kontizas, Commandant of the Hellenic Coast Guard, Mrs. Melina Travlos, President of the Union of Greek Shipowners, Mr. George Alexandratos, President of the Hellenic Chamber of Shipping, Mr. Harry Fafalios, Chairman of the Greek Shipping Cooperation Committee.

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The Tsakos Group celebrated the distinction bestowed upon Dr Nikolas P. Tsakos at this year’s Chrysanthemum Ball, one of the most distinguished and historic events of the Greek Orthodox Archdiocese of America.

This year’s event carried special significance, being dedicated to the memory of Maria P. Tsakos, whose legacy continues to inspire and guide the Group’s enduring commitment to philanthropy and social contribution.
Dr. N.P. Tsakos was honoured for his lifelong contribution to the Church, education, public benefit and Hellenism, values that are deeply embedded in the Tsakos Group’s identity. The event brought together prominent members of the Greek-American community in a shared celebration of heritage, unity, and service.
For more than six decades, the Chrysanthemum Ball has symbolized continuity, solidarity and generosity, reminding us that true success is not only measured by achievement, but by the spirit of giving back.

In tribute to Maria P. Tsakos.

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