A tournament full of sportsmanship, social contribution and innovation Athens, September 10, 2025 – Glyfada Greek Maritime Golf Event, the top golf tournament for the maritime community, concluded successfully, bringing together top executives from the maritime industry in a dynamic environment of sports and networking.

On Friday, September 5, 2025, at the iconic Glyfada Golf Course, participants enjoyed a day full of action and competition, with ideal golfing weather, confirming the event as a benchmark for the industry.

Playing Golf for a Good Cause

For the third consecutive year, Greek Maritime Golf Event in Glyfada supported the “Floga” association, contributing to the foundation’s work in helping children with cancer. During the event, Greek professional golfer and organizer of the Greek Maritime Golf Event, Mr. Thanos Karantzias, stated: “I am truly pleased to witness the Greek Maritime Golf Event in Glyfada evolve into a well-established annual institution that unites the global maritime community through the sport of golf. I extend my sincere gratitude to all sponsors, supporters, and partners whose contributions continue to drive the event’s growth and success, as well as to the Glyfada Golf Club team for their exceptional hospitality.”

With the participation of more than 80 maritime companies, the tournament highlighted the strong presence of the maritime community, standing out for its excellent organization, high-level participation, and the promotion of sports tourism and the values of golf.

The event was supported by IRI/The Marshall Islands Registry, one of the most reliable and fastest-growing registries worldwide, with a strong presence in strategic locations around the globe and a commitment to prompt service. Their involvement highlights the special connection between golf and the maritime community.

Electric mobility and AI Innovation with NIO

NIO, a member of MOTODYNAMICS Group and a global leader in premium electric mobility, participated in the event by showcasing the new SUV NIO EL6, equipped with cutting-edge artificial intelligence technologies. With the message “Blue Sky Coming,” NIO shared its vision for a cleaner and more human-centered future, marking the first step toward creating a community in Greece that embraces e-mobility and AI innovation not only as means of transportation but also as a lifestyle.

Marine Tours — the leading Travel Management company in Southeastern Europe, with over 45 years of experience in meeting business travel needs and deep expertise in supporting the global maritime community — once again participated in the event, actively supporting the tournament and embracing all its charitable initiatives.

Teams and Golfers Who Stood Out in the Tournament

The tournament followed the Scramble 4-ball 2 ball format, which, thanks to its collaborative nature, created a pleasant and friendly atmosphere while highlighting the winners. The day concluded with a dinner and the awards ceremony, set against the stunning backdrop of the Glyfada Golf Course.

The special categories “Longest Drive” and “Closest to the Pin” were won by Jesper Hansen and Philippos Piperas, respectively, each receiving, among other prizes, a magnum bottle of Código 1530 Blanco — tequila made from fully matured, hand- harvested agave, with no barrel contact.

In the team category, first place went to the team of Nixon, Kassimis, Piperas, and Maltezakis with 104 points. Second place was claimed by the team of Su Athina, Su Marina, Malfa, and Xu Lin with 103 points, while third place went to the team of Kavalekas, Meimaridis, Ventouris, and Zervas with 101 points.

The winning teams received unique and generous prizes, including Napapijri apparel and accessories, dinner at Teddy’s Speakeasy, and bottles of Skinos Distillers Cuts. The evening ended with refreshing margaritas and palomas made with Código 1530 Blanco, known for its clean and rich taste. Always enjoy responsibly.

Generous Gifts for All

Every participant of Glyfada Greek Maritime Golf Event received a gift package filled with practical and stylish items that combined care, comfort, and style. Highlights included the elegant Marine Tours bag, the official Napapijri t-shirt and thermos, along with a 20% discount card for future purchases.

The package also featured a mini bottle of Skinos Mastiha Spirit and a collectible postcard, Budweiser memorabilia including a badge and a glass, golf balls from IRI/The Marshall Islands Registry, as well as care products from Anatomic Line: the 100ml Cryogel, ideal for cryotherapy with a cooling and long-lasting effect, and the kinesiology tape, designed to boost circulation and enhance athletic performance. The set was completed with the event’s official cap and towel.

A Meaningful Contribution from the Auction Partners

The event’s Auction Partners — Costa Navarino, Meganisi Luxury Selection, Messinian Nest, Napapijri, and Porto Carras Grand Resort — provided unique gifts for the auction. All proceeds from these offerings were donated directly to “Floga,” supporting the foundation’s vital mission and giving participants the opportunity to contribute to a worthy cause while winning memorable gifts and experiences. Through this initiative, Glyfada Greek Maritime Golf Event demonstrated that sports can serve as a powerful means of social solidarity, bringing the maritime community together for a cause that touches everyone.

Unique On-Course Experiences

Throughout the tournament, participants could recharge at fully equipped food and beverage stations located across the golf course. μ. Artisan Water provided refreshing moments with its Greek natural mineral water in 100% recyclable aluminum packaging, while Skinos Mastiha Spirit served chilled cocktails from an eye-catching turquoise van bar, showcasing the distinctive flavor of Chios mastiha.

Meanwhile, the iconic Budweiser lager beers kept participants energized, while fresh fruits and nutritious juices from Athi Rodi added extra taste and wellness. Aggelis Meatworks station offered juicy, premium burgers, while mySUSHI presented handmade, light, and low-calorie Japanese dishes. With continuous snack and refreshment options, golfers enjoyed attentive care and warm hospitality throughout the day, experiencing true on-course luxury.

At the same time, visitors who were not competing had the chance to attend golf clinic lessons, discovering the basic secrets of the Olympic sport in a friendly and guided environment.

Platinum Sponsor: IRI/The Marshall Islands Registry

Gold Sponsor: ΝΙΟ, member of MOTODYNAMICS Group

Silver Sponsor: Marine Tours

Supporter: Golden Stone Maritime Ventures SA

Official Clothing Partner: Napapijri

Official Water: μ. Artisan Water

Partner: Mind the Ad

Supporters: Código 1530 Blanco, Budweiser, Skinos Mastiha Spirit, Anatomic Line, Aggelis

Meatworks, mySUSHI, Teddy’s Speakeasy, Athi Rodi

Auction Partners: Costa Navarino, Meganisi Luxury Selection, Messinian Nest, Porto

Carras Grand Resort

Audio Visual Partner: BOO Productions

The event was held under the auspices of the Ministry of Tourism.

Glyfada Greek Maritime Golf Event which was organized by Birdie Events is an initiative of Greek PGA professional Thanos Karantzias. Golf Production was managed by ActiveMedia Group, awarded as Sports Marketing Agency of the Year. The tournament was exclusively aimed at distinguished executives of the Greek maritime industry.

photo credit: @ Glyfada Greek Maritime Golf Event

Image 5: 1st team Glyfada Greek Maritime Golf Event 2025

Image 6: 2nd team Glyfada Greek Maritime Golf Event 2025

Image 7: 3rd team Glyfada Greek Maritime Golf Event 2025

Image 8: Winner of the "Longest Drive" category

Image 9: Winner of the "Closest to the Pin" category

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Capital Clean Energy Carriers (CCEC), has completed the sale of one of its three Neo-panamax containerships, securing financing for its new dual-fuel Medium Gas Carriers (MGCs) construction program.

According to market sources, the shipping company has completed an agreement for the sale of the “Manzanillo Express” (13,312 teu/ 2022), to an undisclosed buyer. Delivery is expected in the third quarter of 2025. The deal will yield an estimated accounting profit of $6.9 million, with the proceeds earmarked for debt reduction and general corporate use.

Μore specifically, on August 7, the Company signed a memorandum of agreement for the sale of M/V Manzanillo Express (142,411 DWT / 13,312 TEU, hybrid scrubber-fitted, eco container vessel, built 2022, Hyundai Samho Industries Co. Ltd, South Korea). The vessel is expected to be delivered to its new owner during the third quarter of 2025.

The Company expects to record a gain of approximately $6.9 million from the sale. Cash proceeds will be used to pay down outstanding debt, estimated at $90.4 million at the end of the third quarter of 2025, and for general corporate purposes.

Upon completion of this transaction, CCEC will have only two remaining 13,000 TEU container vessels - both on long term time charters through 2033, with options to extend to 2039.

This vessel sale aligns with the Company’s strategic plan, announced in November 2023, to shift its strategic focus towards the transportation of various forms of gas to industrial customers, including liquefied natural gas (“LNG”) and emerging new commodities in connection with the energy transition. Since February 2024, CCEC has sold or agreed to sell 13 container vessels, including the M/V Manzanillo Express, generating expected gross proceeds of approximately $694.2 million. These funds are being reinvested in state-of-the-art gas transportation assets.

Secured Financing for Four DF 45,000 cbm MGCs and Two DF 40,000 cbm MGCs

On August 13, the Company entered into a seven-year financing arrangement for all six of its DF MGCs under construction. The relevant vessels include M/T Aristogenis, M/T Aridaios, M/T Aratos, M/T Agenor (45,000 CBM, DF LPG, Hyundai Mipo Dockyard Co. Ltd., South Korea), and M/T Andrianos and M/T Anios (40,000 CBM, DF LPG, Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd, PRC). The total expected financing amount is $310.1 million which can increase, in case long-term employment is secured, up to a total of $376.6 million. The facility also includes the option to draw pre-delivery financing.

Capital Clean Energy Carriers Corp. in-the-water fleet includes 15 high specification vessels, including 12 latest generation LNG/Cs and three legacy Neo-Panamax container vessels, one of which is expected to be sold during the third quarter of 2025. In addition, CCEC’s under-construction fleet includes six additional latest generation LNG/Cs, six dual-fuel medium gas carriers and four handy LCO₂/multi-gas carriers, to be delivered between the first quarter of 2026 and the third quarter of 2027.

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Greek shipowner extends coverage of Orca AI's operational platform to 100% of its fleet, representing another key deal for the maritime AI pioneer.

Athens-based Ionic controls a fleet of eight crude tankers and 11 bulkers under its respective wet and dry arms. So far seven tankers have been equipped with the Orca AI platform but as part of its long-term commitment to safety and fuel efficiency, Ionic will roll it out to another recently delivered tanker and all the bulkers.

The platform comprises the SeaPod digital watchkeeper that enables unmatched situational awareness and the FleetView shoreside application that allows office-based teams to monitor navigational behaviour and support decision-making in real time.

Using advanced computer vision and real-time data analytics helps crews detect and classify targets earlier and more accurately, reducing the risk of incidents especially in congested waters and low-visibility conditions while enabling smarter, more energy-efficient navigation. This aligns directly with Ionic’s stated goal of “zero incidents, zero spills”.

“We aim to operate a fleet that not only delivers reliable transport solutions, but also continuous improvement in safety, efficiency and environmental performance. The Orca AI platform adds a powerful layer of support for our crews, helping us to mitigate operational risk," said Spyros Vlassopoulos, Managing Director at Ionic.

Feedback received from Ionic vessels has been consistently positive, especially regarding the platform's ability to track objects in challenging weather and in thermal mode, as well as overall ease of use. Ionic has also seen a marked reduction in close encounter events.

"Orca AI has been fast to address any concerns, and with their support and training we look forward to getting maximum value out of the platform," Vlassopoulos added.

Yarden Gross, CEO and Co-founder of Orca AI, said: “Ionic has a strong reputation for quality and safety, and their decision to deploy our platform fleet-wide underlines how forward-looking owners are using AI technology to promote voyage efficiency and reduce risk.”

He adds that Orca AI's core mission is to deliver meaningful value where it matters most. "By continuously updating the platform, we can help all our customers including Ionic to improve fleetwide visibility, support service excellence and safeguard seafarers, assets and cargo."

About Ionic Shipping

Ionic was established in 2009 with the aim of steadily building a vertically integrated tanker and dry cargo shipping group focused on the ownership and operation of a medium-sized fleet of high-quality, modern vessels in the tanker and dry cargo sector.

The senior management of Ionic has a deep-knowledge of technical experts with a combined experience of over 200 years and it is their objective to build a full-service team of both shore-based and sea-faring employees who will enhance the operations of the group’s fleet.

Ionic’s vessels are of the highest quality, with fuel efficiency and compliance and adherence to new regulations coming into force being always a paramount goal. The entire fleet is operated to a first-in-class standard of technical maintenance so as to minimize downtime and the risk of maritime incidents.

The company’s continuous efforts to provide value added maritime transportation solutions to its end-users has earned it a high reputation for service, quality and efficiency. Safety, Health, Quality and Environment responsibilities extend throughout the organization whilst our high ethical standards are, and always will be its core value.

About Orca AI

Orca AI is the leading maritime operations platform utilizing artificial intelligence and computer vision to achieve the most significant change across the shipping industry in centuries. The Orca AI platform empowers shipping companies to maximize operational efficiency and voyage safety for ships and fleets. With Orca AI, crew can now make rapid, data-driven decisions in congested waters or low visibility conditions, while fleet managers and operators gain unprecedented insights into their fleets’ performance.

Orca AI brings autonomous mobility to the shipping industry, having powered the world's first commercial autonomous voyage in 2022, in partnership with Designing the Future of Full Autonomous Ships (DFFAS) and The Nippon Foundation.

Headquartered in London, UK, Orca AI is trusted by global leaders including Maran Tankers, MSC, Seaspan and NYK, with more than 1,000 vessels booked with the platform.

Image: The tanker Ionic Anax

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Venergy Maritime, a company led by Vyron Vasileiadis-led expands its cutting-edge fleet of tankers portfolio by adding newbuilding orders at K Shipbuilding in South Korea.

The company has placed four orders in total in the shipyard with delivery expected between the first and second quarters of 2027.

Vyron Vasileiadis fleet will grow to six eco-friendly vessels, all equipped with the latest green technologies to meet the demands of a rapidly evolving maritime industry.

All four 50,000-dwt ships will be built at K Shipbuilding, with the first three units expected for delivery in the first quarter of 2027 and the fourth unit in the second quarter.

Venergy’s fleet will rise to six vessels as the shipowner already has in its fleet list two 2018-built 50,000-dwt oil/chemical tankers, Captain Nikos and Captain Leon, both classed in Rina.

Venergy Maritime, member of Vasileiadis Group of Companies (V Group), is a leading player in environmental services, with 80 years of expertise in port reception facilities and strong presence across the Mediterranean, Balkans and Egypt, as exclusive partner of the Suez Canal Authority.

Its operations span across waste management, alternative fuel production, renewable energy, shipping, investments and technology.

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By Anastasios Maraslis, Founder/President, Marasco Marine Ltd

In today’s volatile maritime environment, the conversation around insurance is no longer limited to premiums, clauses, and exclusions. The true battleground is risk prevention. At Marasco Marine Ltd, we firmly believe that the smartest investment shipowners can make is not in more steel, but in smarter thinking.

This belief has guided us since our founding in 1991, and it now drives our most ambitious initiative: to reshape marine insurance into a predictive, prevention-driven model—one where advanced technologies, human-centric training, and AI-powered tools converge to minimize human error, reduce downtime, and lower premiums.

From Claims Management to Claims Avoidance

Traditional insurance reacts to losses. Premiums rise after costly repairs, protracted disputes with underwriters, and long periods of vessel downtime. In contrast, risk prevention culture reverses the equation: by cutting losses at their root, owners gain not only lower premiums but also uninterrupted operations and healthier crews.

Our experience shows that even modest preventive measures yield exponential rewards. A single avoided machinery breakdown, fire incident, or crew illness can save hundreds of thousands of dollars—far exceeding the marginal cost of prevention systems.

Technology as the Crew’s Ally, Not Its Replacement

Risk prevention is not about replacing mariners with machines. It is about empowering them with tools that extend their senses and sharpen their instincts.

Some of the technologies we are bringing into focus include:

- AI-driven IoT sensors that detect vibration anomalies, heat spikes, or pressure fluctuations before breakdowns occur, turning silent machinery into “sentinels” that speak.

- Wearable health trackers that combat fatigue, a leading root cause of maritime claims, by monitoring rest cycles and preventing exhaustion before it becomes dangerous.

- Dynamic AI risk maps that fuse live weather data, piracy alerts, and satellite movements into real-time routing decisions—helping navigators avoid crises before they develop.

- Augmented reality emergency drills that replicate real stress environments, training crews to act instinctively under pressure rather than mechanically following scripts.

These are not futuristic ideas. They are here today. And when applied intelligently, they reduce claims frequency by up to 40%, improve crisis response by 30%, and strengthen the mental resilience of crews.

The Human Factor Remains Central

Despite the wave of new technologies, the most critical variable remains the human onboard. Human error accounts for up to 75% of maritime accidents. By embedding prevention culture into training, procedures, and technology adoption, Marasco Marine Ltd’s mission is to transform this liability into strength.

Our Advisors’ Board, spearheaded by seasoned experts like Mr. Harilaos Petrakakos, has outlined practical hacks and solutions for shipowners to implement immediately. From predictive maintenance to cyber hygiene, these solutions put people at the center of the equation—not as potential points of failure, but as the ultimate guarantors of safety when properly equipped.

Preparedness: The Real Discount

Premium discounts and competitive rates are outcomes, not goals. The real objective is prediction and preparedness:

- Prediction means knowing when a risk is forming before it materializes.

- Preparedness means being able to respond in a way that minimizes loss, downtime, and human suffering.

At Marasco Marine Ltd, we have seen repeatedly that the cost of prevention is a fraction of the cost of repair. And unlike repairs, prevention strengthens long- term competitiveness, ensures smoother renewals, and builds trust with underwriters who reward low-risk profiles with better terms.

A Culture of Prevention

Marine insurance is undergoing a silent revolution. It is no longer a matter of how quickly insurers can settle claims, but how effectively owners can avoid them in the first place.

By adopting risk prevention culture, supported by smart technologies and guided by human expertise, shipowners gain more than financial savings. They achieve resilience, operational continuity, and above all, a reputation for reliability in a turbulent industry.

At Marasco Marine Ltd, our promise is clear: to stand beside shipowners not only in times of casualty but far earlier—in the realm of prediction, preparation, and prevention.

* Marasco Marine Ltd, was founded in 1991, by Mr Anastasios Maraslis. Marasco is specialising in Managing Marine Risks and Risk Prevention Planning, serving the last 33 years, Ship Owners, Ship Managers and Ship Operators, with his experienced marine/ claims insurance team and the company’s Board of Advisors, Internationally Acknowledged. More about Marasco Marine at: www.marasco-marine.com

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MSC Group’s Cruise Division today published its 2024 Sustainability Report reaffirming its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2050, accompanied by an independently verified Energy Transition Plan (ETP) to clearly show how it is working to achieve this ambition.

The report, now in its sixth edition, highlights milestones in environmental innovation, responsible tourism, and social impact. It reflects MSC Group’s Cruise Division’s integrated approach to sustainability for its MSC Cruises’ and Explora Journeys’ brands.

Pierfrancesco Vago, Executive Chairman, MSC Group’s Cruise Division, said: “As a family business, we do not operate ships just for tomorrow. We sail them for future generations, designed for fuel flexibility, guided by innovation, and powered by people who share our long-term vision.

“The Cruise Division in 2024 reaffirmed its commitment to advancing a bold and transparent sustainability strategy that balances environmental stewardship, social responsibility, and economic resilience.”

Report highlights include:

• · Launching of the Energy Transition Plan for the fleets of MSC Cruises and Explora Journeys, outlining interim absolute emissions reduction targets. This is a published roadmap to achieving net-zero GHG emissions from marine operations by 2050.
• · Avoiding 50,000 tonnes of CO₂ emissions through fleet-wide optimisation tools (OptiCruise and Oceanly Performance) which support real-time operational efficiency and itinerary planning.
• · An increase in shore power connections from 44 in 2023 to 142 in 2024, across 13 ports. All new ships since 2017 are shore-power ready with retrofitting continuing across the fleet, and the Cruise Division remains committed to using shore power wherever it’s available.
• · An increase in crew retention rate to 89%, up from 83% in 2023, demonstrating the commitment of the Cruise Division to employee engagement and development.
• · The formation of a Diversity & Inclusion Advisory Committee, underlining a strong commitment to workforce equity across over 140 nationalities.
• · Continued investment in destinations like Ocean Cay, where environmental stewardship has enabled marine wildlife to thrive and coral restoration is underway.
• · Whale strike prevention training for 469 key crew members in conjunction with marine protection charity ORCA to understand more about the species of whale at risk, how to identify them, and take steps to reduce the risk.
• · More than 4,500 shore excursions offered in 84 countries, including 284 “Protectours”, low-impact experiences.

The report also shows that in 2024 the fleets of MSC Cruises and Explora Journeys together carried 4.6 million guests and sailed to 341 itineraries in 90 countries.

Looking Ahead

As MSC Group’s Cruise Division looks to the future, it remains focused on scaling clean energy solutions, retrofitting existing ships, advocating for port infrastructure investments, and collaborating across the maritime sector to accelerate the global energy transition.

“There is no single solution to decarbonisation. It is a puzzle we solve piece by piece - with new technology, operational excellence, strong partnerships, and a shared commitment to move forward,” added Mr Vago.

The full 2024 Sustainability Report is available at: https://www.msccruises.com/int/sustainability

For further information:

The Cruise Division of MSC Group, the privately-owned world leader in transportation is headquartered in Geneva, Switzerland with two distinct brands - MSC Cruises, covering the contemporary and premium segments and Explora Journeys dedicated to the luxury segment.

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.

Explora Journeys, launched in 2023, is the luxury ocean travel brand redefining the experience for a new generation of discerning travellers. The fleet, currently comprising two ships and expanding to six by 2028, offers effortless yet refined luxury. Guests embark on transformative journeys, connecting with the sea through exceptional itineraries that inspire discovery in all its forms.

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Last year, Benefit Software launched, for the first time, a collaboration with the Department of Shipping of the University of Piraeus and PwC, implementing the training program: “Shipping Accounting, Finance & Audit of Shipping Companies – Case Studies based on IFRS/US GAAP, using Benefit Software.”

Following positive response and feedback from participants in the first cycle of the program, during the 2024-2025 academic year, the decision was made to extend this collaboration for the current 2025-2026 academic year.

The program is offered online and is designed for both experienced professionals as well as students or graduates of economics, business administration, or maritime studies. Its aim is to provide participants with modern, comprehensive, and applied knowledge in Shipping Accounting and in specialized topics of Finance, Audit, and Taxation of Shipping Companies, enabling them to effectively respond to the particularities of today’s shipping business environment. The course lasts 105 hours, starts on September 29, 2025, and offers flexible participation, including the option to attend individual modules. Lectures are recorded and will remain available on the platform throughout the program. Upon completion, participants

receive a certificate of attendance, co-signed by all three institutions.

This collaboration bridges academic knowledge with the real needs of the shipping industry. For Benefit Software, it represents a strategic initiative that invests not only in the new generation of professionals but also in the continuous development of the industry. Through the program, participants gain access to an environment that reflects real market operations and engage with the expertise they will leverage throughout their careers.

Enroll here:

https://kedivim.unipi.gr/product/naftiliaki-logistiki-chrimatodotisi/

More info:

https://www.pwc.com/gr/el/academy/logistika-ifrs/naftiliaki-logistiki-xrimatodotisi.html

https://www.benefit.gr/online-training-by-university-of-piraeus-benefit-software

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EcoNavis Solutions has signed an agency agreement with Greece-based company Franman to distribute its Eco Boss Cap technology in Greece, Cyprus and to Greek-interests worldwide. The agreement opens one of the world’s largest commercial shipping fleets to the energy saving device.

The deal was inked after discussions at the Hellenic Institute of Marine Technology, where EcoNavis presented research on the Eco Boss Cap’s performance gains and emissions reductions.

Retrofitted to a vessel’s propeller hub, the Eco Boss Cap improves propulsion efficiency by reducing hub vortex cavitation and optimising water flow. By delivering measurable reductions in fuel consumption and CO2 emissions of between 3% and 5%, the technology supports the global shipping industry’s transition towards more sustainable operations.

Dr. Batuhan Aktas, Managing Director of EcoNavis Solutions, said: “From our first discussions, it was clear that Franman shares our commitment to environmental sustainability. With its network and deep understanding of the Greek maritime sector, the company is the ideal partner to introduce the Eco Boss Cap to the region’s shipowners. Together, we can help shipowners take meaningful steps toward meeting global environmental standards."

Founded in 1991, Franman has established itself as one of Greece’s leading Agents of shipbuilding equipment, parts and services, representing more than 200 international manufacturers. As a one-stop-shop partner, the company has equipped over 5,500 ships and today connects more than 700 shipping companies with trusted suppliers and solutions worldwide.

Franman CEO Costis Frangoulis said: “Since our formation, we have supplied our clients with equipment that is proven to deliver results. The Eco Boss Cap offers a straightforward and effective way for shipowners to improve fuel efficiency, cut emissions and save on operational costs. Our partnership with EcoNavis is an opportunity to contribute to a more efficient and sustainable shipping industry while reinforcing Franman’s role as a trusted bridge between innovation and the Greek fleet.”

The agreement also allows for potential expansion into other European markets through Franman’s wider client base.

With a shared commitment to maritime performance and sustainability, the partnership is expected to accelerate the Eco Boss Cap’s deployment across the region, supporting shipowners in meeting decarbonisation goals without compromising operational efficiency.

Image 1: Costis Frangoulis, Franman CEO

Image 2: Dr. Batuhan Aktas, Managing Director of EcoNavis Solutions

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“Greek Shipping plays a vital role for the European economy”

Focusing on the main features of the Greek fleet and its vital role for the global, European and national economy and society the Union of Greek Shipowners published its 2024-2025 Annual Report providing statistics and insights for the future of the shipping sector.

Greek shipping remains the global leader, with 5,700 vessels. The Greek-owned fleet represents 20% of the global and 61% of the European Union’s fleet. As a dominant maritime nation, Greece contributes decisively to the energy, food and supply chain security of the EU Member States, as well as of the international community. Greek shipowners are also at the forefront of the sector’s green transition, with continuous and significant investments in new vessels, fitted with even more efficient and climate-friendly technologies.

The Report further sets out the UGS’s proposals vis-à-vis major policy developments and challenges for the shipping sector, including:

• • the sector’s energy transition to decarbonisation
  • maritime security
  • EU shipping policy
  • ship financing
  • trade policy
  • human resources

In her address in the Report, the President of the UGS, Melina Travlos, states: “Over the past year, the shipping industry once again navigated waters fraught with economic, environmental, and geopolitical uncertainty, with rising tensions along maritime routes and ongoing threats to freedom of navigation. Yet, in this landscape, Greek shipping honored its responsibility as a leader.

The UGS fostered cooperation across the maritime sector and beyond, as well as the global dialogue for the adoption of realistic and fit-for-purpose policies, with a composed, clear, and strong voice”.

Also, on the international stage of energy transition, we have consistently supported feasible global solutions, rather than unilateral and regional measures that undermine the sustainability of the sector. In this context, the recent agreement at the IMO regarding mid-term measures to reduce Green House Gas emissions from ships has raised serious concerns to the sector. Although the shipping industry constructively participated in the lengthy discussions and negotiations, its pragmatic proposals were taken into account only to a small and certainly not to a satisfactory degree. As the final agreement was the outcome of a balancing act among conflicting interests and a compromise among the different priorities of the Organization’s Member States, it poses significant implementation challenges.

On the European front, it is a fact that the European Union and European shipping are interdependent, as shipping is the bedrock of food and energy security, economic sovereignty, and geopolitical stability for Europe. It is imperative that EU institutions and citizens alike consistently recognize shipping’s irreplaceable role. Competitiveness and decarbonization must be addressed as complementary forces that act in parallel and interact, with the goal of the long-term sustainability of the industry. On the national front, the foremost challenge is safeguarding and advancing our leadership in an ever-evolving global environment. At the same time, maintaining and enhancing our maritime expertise requires respect for the human-centered nature of Greek shipping, strengthening the competitiveness of the Greek flag, and transforming maritime education in line with current demands, as well as emerging digital and technological developments.

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Following a policy of continuous fleet renewal N.Y. listed company TEN ordered two eco VLCCs at Hanwha Ocean in South Korea with an option for an additional unit, to be delivered in 2027 and 2028. Concurrently with these orders, TEN proceeded with the sale of three 2007-built vessels, two handysize product tankers to related party interests as well as an aframax crude carrier to independent third parties. From the divestment of the above-mentioned vessels, TEN generated approximately $60.0 million in free cash and about $9.0 million in capital gains to be reflected in the Company's third quarter financial statements. "TEN continues its goal to address the needs of its clients by building high specification, environmentally friendly vessels while gradually divesting from its first-generation assets,” Mr. George Saroglou, TEN’s President & COO, said. "With responsible fleet growth remaining a core pillar of our tested model, TEN keeps being a one-stop shipping operation for its blue-chip clients,” Mr. Saroglou concluded.

Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 82 vessels, including eleven DP2 shuttle tankers, two VLCCs plus one option, one scrubber fitted suezmax vessel, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carriers totaling approx. 11million dwt.

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