Focusing on the latest efficient and sustainable technologies and services WinGD and Technava (exclusive representative of WinGD in the Greek Shipping market) held at the Stavros Niarchos Foundation Cultural Center in Athens, an informative seminar which was conducted by the following highly expertise WinGD’s experts: Marcel Ott, George Lymperopoulos, Stefan Goranov, John Nilsson, Rene Baart and Rudolf Holtbecker.

A major milestone was presented: the delivery of the world's first dual-fuel ammonia engine, installed on Hull 8389 for EXMAR — marking a significant step toward zero-carbon marine propulsion and showcasing what’s next for alternative fuels from WinGD Ltd.

 Breaking news were also shared with the announcement of Global Service by WinGD that now offers enhanced support to ship operators through original parts supply, in-service assistance and technical advisory across the entire vessel lifecycle.

Technava S.A. represents WinGD in the After-Sales Market for Greece and Cyprus, with a dedicated team of ten in-house experts based in our Athens office.

Over the past 8 years, Technava has hosted hundreds of training seminars on WinGD engines at Technava premises and has consistently provided flawless support in engine selection for newbuilding projects.

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

As the maritime industry navigates through a vortex of geopolitical uncertainty, climate extremes, and supply chain bottlenecks, one reality becomes increasingly clear: traditional hull and machinery insurance and P&I cover is not enough. 

In times of war, pandemic spillover, port strikes, and unforeseen shutdowns, shipowners and charterers alike face a glaring exposure — delays.

And yet, many still believe that any delay occurring at anchorage, while awaiting cargo or berth, is just part of the game — an uninsurable commercial risk. But what if it doesn’t have to be?

The Lay-Up Return Illusion

Clause 22 of the Institute Time Clauses (Hulls) 1/10/83 offers a return of premium for periods when a vessel is officially laid up in port for 30 consecutive days, i.e., not in full commission, not properly manned, and effectively withdrawn from commercial service.

However, anchored delays, even long ones — like being stuck outside congested ports or idling for a charter — do not qualify as lay-up. Why?

Because:

- The vessel remains classed, manned, and ready to trade.

- Underwriters are still on risk for full perils including war, piracy, fire, collision, etc.

- Delays are commercial, not physical or insured perils.

The result? No refund. No compensation. Full premium.

A Changing Landscape: When Delay Is Insurable

At Marasco Marine Ltd, we don’t just accept limits — we challenge them. Through our specialized access to Lloyd’s syndicates and A-rated underwriters, we can offer bespoke coverages that respond to:

- Port closures due to war, revolution, terrorism, or major accidents

- Delays caused by quarantine restrictions or disease outbreaks-

- Strikes, civil commotion, and labor disputes at destination

- Catastrophic events (earthquakes, hurricanes) damaging infrastructure

This is not your standard hull cover. This is Delay Risk Insurance, tailored to compensate shipowners for real-world, peril-driven disruptions.

Think of it as “Trade Disruption Insurance” for shipping, designed for today’s unpredictable global trade theater.

From Gaza to Odesa: Delay Is the New Risk

The outbreak of hostilities between Israel and Iran, the ongoing war between Russia and Ukraine, and the recurring closure of the Suez Canal, Red Sea Houthi threats, and blockades in the Black Sea all point to a dangerous truth:

Your vessels can be delayed for days, even weeks or months — and not a single clause in your current policy will respond. We are entering a maritime era where delays are not just commercial—they are consequential. And if Shipowners/Shipmanagers are not covered, they’re exposed.

Marasco Marine Ltd.’s Solution: Tailored, Transparent, Timely

Marasco Marine Ltd proactively offers:

- Delay Cover Packages – Named peril cover for defined delay scenarios.

- Flexible Triggers – Choose lump-sum payout or daily delay allowance.

- Client-Centric Structuring – Annual programs or voyage-based solutions.

- Transparent Terms – No fine print. No misleading subjectivities. Just protection.

Assessing Shipowners’/Shipmanagers’ routing patterns, historical exposure, and risk appetite, Marasco builds the solution backward from real threats, not off-the-shelf clauses.

Why It Matters Now

The next global shock is not a matter of if, but when.

And when it does, premiums will spike, underwriters will retreat, and capacity will shrink.

The time to secure smart, innovative coverage is before the crisis, not after.

If your vessel is delayed tomorrow due to a regional war flare-up, and your charter is lost, your operational costs spike, or your schedule derails — will your current policy protect you?

Final Word: Be Ahead of the Risk – Be Proactive

At Marasco Marine Ltd, we don’t just broker insurance — we engineer protection. Our mission is to equip shipowners, managers, and operators with the tools to thrive in disruption, not merely survive it.

* Marasco Marine Ltd, was founded in 1991, by Mr Anastasios Maraslis. Marasco is specializing 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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In a climate of enthusiasm and optimism, MEDTUGS consortium welcomed a newly built tug to its fleet, which signals a promising future for the towing industry in Greek ports.

This is the second tug, which N.E. SVS has received in just a few months, which was created with the participation of the companies VERNICOS, SPANOPOULOS and LYMBOUSSAKIS, three leading companies in the towing and salvage industry in our country.

The welcome and naming ceremony of the newly built tugboat was attended by friends and associates of the company and the Managing Director of ATTICA BANK, Mrs. Eleni Vrettou, was the sponsor of the ship “E.SVS II”.

Present were the Managing Director of VernicosScafi Dimitrios Vernicos and his brother Giorgos Vernicos, the Managing Director of Spanopoulos Group Michalis Spanopoulos, the Managing Director of Lymboussakis Salvage Kostas Lymbousakis, the Port Master of Piraeus Angelos Grammateas, the Managing Director of ATTICA BANK Eleni Vrettou, the Shipping Director of the bank Kostas Economou and other officials.

Costas Violidakis, General Manager of SVS, emphasized that the new tugboat enhances the ability to provide high-level services tailored to customer requirements and the increased needs of the port of Piraeus, which continues to develop, invest and steadily transform into an international hub port of the Eastern Mediterranean.

At the same time, Mr. Violidakis referred to the support of ATTICA BANK, which is a valuable ally in every new step, and thanked everyone who worked for the implementation of this investment, the technicians, the partners and of course the staff who are the soul of every success.

According to information, SVS has ordered two more similar tugs at the MEDMARINE shipyard and is about to acquire a salvage vessel equipped with DP2 system for offshore and open sea salvage operations.

May the new tug have safe journeys!

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With the aim to create a framework for a stable dialogue between the academic community and the Greek shipping industry the 2^nd Chios Shipping Summit took place at the Aegean University premises on June 20^th-21^st.

Prof. Dimitrios Papageorgiou, Rector, University of the Aegean opened the proceedings of the conference.

Stefanos Gkikas, Deputy Minister, Ministry of Maritime Affairs & Insular Policy, in his speech, expressed the support of the ministry to the island of Chios with a regular coastal ferry connection and the organization of yacht races. He referred to the actions of the ministry for the decarbonization of shipping and the efforts to protect the Greek owned fleet from military conflicts in several world’s sea passages such as the Black and Red Seas and the Straits of Hormuz.

Stavros Michailidis, Member of the Greek Parliament for Chios expressed his concerns and blamed the ministry of lacking a maritime policy as the number of ships registered in the Greek registry does not exceed 500.

Prof. Seraphim Kapros, Head of the Dept of Shipping, Trade & Transport, University of the Aegean, stated in his welcome address that the University of Chios has published 92 books and operates two postgraduate programs and is ranked 4th among 35 universities.

Key-note speaker was John Xylas, Chairman, Intercargo & Treasurer, Union of Greek Shipowners (UGS) Board of Directors, who described the geopolitical challenges and highlighted on the decarbonization process in shipping.

He said that the dry cargo shipping sector is particularly volatile due to its nature and complexity. He called on the European Union to adopt measures that increase competitiveness and enhance sustainability.

The European Union should learn from previous lessons in the shipbuilding industry and proceed with measures to support the European fleet in order to ensure its economic and energy sufficiency. In this context, the Union should adopt the IMO measures and not follow unrealistic policies in the field of decarbonization.

Mr. Xylas referred to the difficulties of producing alternative fuels for maritime use such as ammonia methanol and biofuels, stressing that in the medium term there will be no realistic solution to this issue.

Mr. Xylas told that the decarbonization goals are quite optimistic and do not take into account the complexity and nature of shipping.

He also referred to the carbon capture systems and other solutions such as nuclear energy. In this uncertain environment, shipping is taking steps to improve its energy efficiency and called on the IMO to invest in innovation through the net zero fund. In conclusion, he expressed his optimism for the collaboration between the academic community and shipping, which can lead to the transformation of challenges into opportunities.

A discussion between important personalities of the shipping industry on the topic of “Geo-economics and the Impact on Shipping” followed.

The discussion was moderated by Helen Thanopoulou, Professor, University of the Aegean and was attended by: H.E. Matthew Lodge - His Majesty’s Ambassador to the Hellenic Republic, British Embassy, ​​Dr. Dimitrios Fafalios - Secretary, Union of Greek Shipowners (UGS) Board of Directors & Fafalios Shipping S.A., Johannes Kock - Director, Container Gr Inc.

The speakers attributed the cause of the crisis in the Persian Gulf to the terrorist actions against Israel with the support of Iran.

The next panel discussed the following topic: Leveraging Shared Experience to Advance Maritime Efficiency (tbc).

Prof. Chengi Kuo - Emeritus Professor, Naval Architecture, Ocean and Marine Engineering, University of Strathclyde and Antonis Faraklas - CEO, Chartworld Shipping Corporation raised the issue of AI.

Professor Kuo has taught many generations of naval architects to think out of the box and has influenced many graduates with his vision.

Mr. Antonis Faraklas CEO of Chartworld Shipping, who has graduated from the University on 1978, invited him to speak about AI and computer applications in shipping.

Prof Kuo stated that he is confident that the new generations of naval architects will take advantage of AI and computer technology to develop a better world and find innovative solutions for all issues that the shipping industry faces today.

The topic of the next panel was Energy efficiency and decarbonization challenges.

The discussion was moderated by the following speakers: Orestis Schinas, Associate Professor, University of the Aegean, Dr. Georgios Pateras - Deputy Chairman, Contships Management Inc., Jeroen Pruyn - Associate Professor, TU Delft, Antonis Faraklas - CEO, Chartworld Shipping Corporation, Stavros Hatzigrigoris - Advanced Engineering Services & ZODIAC Maritime, Spyridon Zolotas - Vice President, RINA, Vassilios Dimoulas Technology & Innovation Director – East Europe, Mediterranean Sea, Middle East, India & Africa, Bureau Veritas.

Dr. George Pateras told that the only way to reduce air emissions is to take operational measures and he stressed that the alternative fuels are not sustainable.

Faraklas said that IMO is driven by political ambitions however Greek shipping is thinking out of the box and always find innovative ways to survive.

Mr. Zolotas pointed out that the cost of decarbonization goals will be paid by the final consumer and LNG will prevail as a transitional fuel.

Mr. Dimoulas agreed that the energy efficiency is the greatest tool towards net zero carbon operations.

In the next panel of discussion Charalampos Simantonis - Chairman, Hellenic Shortsea Shipowners Association (EENMA) & President, European Shortsea Network pointed out that the European Union has emphasized on railways and ports downgrading short sea shipping, which facilitates 70% of the commercial volume at the European ports.

Stratos Tsalamanios - Seaven Tanker & Dry Management Inc, Vice-President BoD, Hellenic Shortsea Shipowners Association (EENMA) agreed that short sea shipping has many challenges to face without any help from the European Union, it is in a transitional stage but due to the uncertainty as shipowners find it difficult to invest without support in the next day of green shipping.

The European Union has unrealistic goals without taking in mind the cost of the energy transition. He thanked the ship's sailors who work in adverse conditions in ports that do not meet safety regulations.

Konstantinos Economou- Secretary General of the Association of Banking & Financial Executives of Hellenic Shipping and Head of Shipping Finance, Pancreta – Attica Bank emphasized that Greek banks have long supported Greek shipping by providing almost 60% of the total financing of approximately $34 billion per year.

He admitted that indeed in short sea shipping there is limited financing compared to ocean shipping and this is due to the lack of corporate governance.

Alexandros Lagouros - Maritime Affairs Advisor, Hellenic Shortsea Shipowners Association (EENMA) spoke about the decarbonization requirements while Thierry Vaneslander - Professor, University of Antwerp referred to the competitiveness of short sea shipping in relation to other modes of freight transport such as road interconnection.

The Power of Shipping section was coordinated by Dr. Ilias Bissias, University of the Aegean. The participants were the shipowners Symeon Palios - Founder and President of the BoD, Diana Shipping Inc. and Lucien Arkas - Chairman, Arkas Holding.

They spoke about the Greek shipping tradition and in particular about the period of transition from sail to steam. As Symeon Palios mentioned, his ancestor Antonis Palios was the first shipowner to list his shipping company on the Athens Stock Exchange in 1908 and later, together with Leonidas Empirikos founded the Greek Shipowners’ Association.

He referred to the old and new ways of financing and the need to decarbonize shipping. He supported the solution of micro-reactors which is cost effective and completely green.

Lucien Arkas said that his father started as a shipping agent while he decided to buy two container ships that served the trade between Greece and Turkey. Later on, he ordered 16 feeder ships from German shipyards. Today the company handles 1,500,000 teus and has a fleet of 50 ships. The company has also expanded into road transport, owning approximately 500 trucks in order to serve the needs of customers.

Mr. Palios stressed that companies must have a critical mass in order to respond to the demands and crises of the market. They advised young people to be patient and acquire new knowledge.

The University of the Aegean awarded Symeon Palios, Ioannis Xylas, Lucien Arkas and Dr. Chengi Kuo.

Last Round Table: Education and Wellbeing of Seafarers chaired by Capt. Georgios Georgoulis, University of the Aegean and commented by Victoria Athanassopoulou - Ass. Professor, University of the Aegean, Michalis Dimitriadis-Evgenidis - CEO, Aegean Sea Lines & Member of the Board, Association of Passenger Shipping Companies (ΣΕΕΝ), Dimitris Patrikios - Managing Director, V. Ships Greece Ltd., Anna Giatra - General Secretary, WISTA Hellas and Eleni Iakovaki - Ass. Professor, University of the Aegean.

The speakers referred to the shortage of competent seafarers and officers in the merchant marine sector and the necessity for training to be part of the company’s safety culture. It was also mentioned that women are underrepresented in the seafaring profession as account for only 1-2% of the total workforce. 

Other issues that were addressed were over regulation burden, distress, abandonment and how technology could improve the crew capabilities and life onboard.

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Marking a great future, the RoRo ship “Yuan Hai Kou,” one of the world’s largest and most advanced vehicle carriers, operated by COSCO SHIPPING Specialized Carriers arrived at the port of Piraeus.

The ship is 199.9 m long, has a capacity of 7,000 ceu and will be used on a regular line connecting China with the Mediterranean. The vessel is equipped with dual LNG and solar propulsion systems, underscores a growing shift in the maritime sector towards decarbonization and sustainable innovation.

Senior figures from the Greek government, Chinese diplomatic corps and international shipping community, alongside representatives of relevant organizations attended the event. Speakers highlighted the strategic role of the Port of Piraeus in the global supply chain and reaffirmed their commitment to a sustainable future in maritime transport. Αn exclusive tour was provided in the ship's interior for high-ranking government officials and representatives of the shipping community.

Greece’s Deputy Minister for Maritime Affairs and Insular Policy, Mr. Stefanos Gikas, highlighted the strategic importance of Piraeus in enhancing port competitiveness through a comprehensive ESG-led approach.

Chinese Ambassador to Greece, Mr. Fang Qiu, framed the event as a symbol of deepening bilateral ties. “Piraeus is more than a commercial port - it is a platform of friendship, mutual trust and shared vision. “Technological cooperation and environmental responsibility are the foundations of a strategic relationship that continues to evolve and grow stronger,” he noted.

Speaking on behalf of COSCO SHIPPING, Mr. Zhang Wei, Chairman of COSCO SHIPPING Specialized Carriers, emphasized the firm’s broader vision for emissions reduction and operational transformation.

Antonis Venieris, President of the International Maritime Union in Greece, closed the official proceedings by calling on Greek shipping to lead the industry’s green transformation.

In his statement, Mr. Su Xudong described the vessel’s maiden call as “a historic moment” for the port. “The arrival of the ‘Yuan Hai Kou’ at the Port of Piraeus clearly demonstrates that our port is constantly evolving, embracing sustainability, innovation, and forward-thinking”.

The arrival of the Yuan Hai Kou, one of the world’s most advanced green vehicle carriers, alongside the Piraeus Port 2025 Summer Reception, marks more than a ceremonial milestone - it signals the start of a bold new chapter for Greece’s largest port, defined by innovation, sustainability, and strategic global relevance.

Today’s event reflects not just momentum, but intent. With Greece and the Port of Piraeus increasingly recognized as critical nodes in the global supply chain, this moment sets the stage for expanded maritime innovation, ESG leadership, and sustained international collaboration.

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DryDel Shipping proceeded recently to the signing of a newbuilding contract for a 64,000-DWT Ultramax bulk carrier with Nihon Shipyard Co., Ltd. (Imabari Shipbuilding Co., Ltd.) - one of the most respected names in Japanese shipbuilding.

This marks the 10th vessel in DryDel’s ongoing newbuilding program, all placed with leading Japanese shipyards.

The vessel will feature a fuel-efficient hull design, a Tier III/Phase 3 compliant engine, and advanced energy-saving technologies including a Hybrid Fin & a Weather Assisting Duct (WAD) - all contributing to lower emissions and better fuel performance. Delivery in scheduled for 2028.

DryDel Shipping’s CEO, Costas Delaportas, adds: “Despite today’s challenging market environment, I am proud to welcome another high-quality newbuilding project from the esteemed Imabari Shipbuilding, reaffirming our long-standing commitment to Japanese shipbuilding.

I am a firm believer in the long-term potential of the dry bulk sector; this vessel underscores our forward-looking approach.

Each new vessel is a strategic investment in the future, a part of our fleet modernization program.

Our strategy is clear: continued investment in top-tier newbuildings that reflect performance, quality, and sustainability.”

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Forum featured two key thematic panels:

- Supply Chain Optimisation with OCIANA

- Predictive Risk Management through Artificial Intelligence

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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