Marlink, the smart network solutions company, has completed the acquisition of the satellite communications business of Hellenic Radio Services (HRS).
Following years of successful organic growth via its Piraeus-based subsidiary Marlink CG, this acquisition strengthens significantly Marlink’s position and footprint in the strategic Greek market and enables the company to further expand its service and support operations to meet the growing requirements of Greek shipowners.
Through this transaction Marlink has acquired the satellite communication assets, the experienced staff and the customer support structure of HRS, substantially increasing its installed base in the Greek market with over 750 additional satcom-equipped vessels. The satellite communications business of HRS will be combined with Marlink CG, creating an even stronger local company and leading force in the Greek and Cypriot markets.
For over 30 years, HRS has provided the Greek shipping companies with maritime communication solutions, establishing a strong reputation for service quality and customer support. In line with Marlink’s long-term strategy, HRS pursued a technology-agnostic approach, providing its customers with a wide range of satellite connectivity solutions and equipment from all major vendors.
Greece represents a critical component of the global shipping industry being the largest shipping nation based on deadweight tonnage, while the country’s shipowners continue to invest heavily in new and energy efficient ships. Digital solutions, as the one provided by Marlink, including on-board IT and network management, cyber security, performance data collection, remote support and maintenance are these days considered essential elements for gaining competitive advantage in the shipping industry.
“Hellenic Radio Services has a long heritage built up over decades of serving Greek shipowners with connectivity that keeps them compliant and competitive,” said Ioakeim Tsanis, CEO of Hellenic Radio Services. “We are confident that our customers will benefit from this transition and will enjoy enhanced business opportunities from Marlink‘s state-of-the-art solutions portfolio.”
Image: Ioakeim Tsanis, CEO of Hellenic Radio Services and Erik Ceuppens, CEO Marlink Group, shake hands on Marlink's acquisition of the satellite communications business of Hellenic Radio Services 

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Members of Stephenson Harwood recently hosted a shipping, shipbuilding and wealth preservation seminar, and series of panel discussions, in Istanbul, Turkey.
Partners Chris Vartzis, Huay Yee Kwan, James Quarmby and Stuart Beadnall from the firm's Piraeus, London and Singapore offices led panel discussions and presentations.
Cihan Ergenç, president of the Turkish Shipowners’ Association, provided the welcome address, which was followed by a series of panel discussions and presentations that explored a range of topics. These included:
"Decarbonisation in the maritime and shipbuilding industry";
"East meets West: PRC leasing and its role in Europe";
"How to keep it: an insider’s guide of how HNW (high net worth) people can protect and pass on their wealth";
and "Finding financing in the Turkish shipping market".
Stephenson Harwood partners Nigel Bowen-Morris and Shaun Park were also in attendance.
Panelists included: Channing Wang, regional manager of Bank of Communications Financial Leasing Co. Ltd; Elias Sakellis, CEO of Australis Maritime Limited; George Fikaris, managing director of Entrust Global; Ilias Katsoulis, global head of shipping of Deutsche Bank, AG; Iraklis Tsirigotis, director of origination of Neptune Maritime Leasing; Kevin Kou, senior manager of ICBC Financial Leasing Co. Ltd.; and Tobias Backer, co-founder of Fleetscape.
"We were pleased to welcome more than 100 representatives from across the shipping industry to this seminar in Istanbul" said Chris Vartzis, partner, Stephenson Harwood. "With experts present from a range of industries - shipbuilding, energy, shipping finance, banking, investment, private equity, tax and wealth management – including those involved in the Turkish shipping market, we were able to achieve our objective of initiating insightful and comprehensive discussions on key pertinent topics. We are proud of the seminar's success, the insights it provided, and hope to host future sessions that will attract leading representatives and explore key issues and developments."
Stephenson Harwood is recognised as having one of the world’s leading shipping practices. With offices in key trading hubs, the firm offers comprehensive, specialist shipping advice across ship finance, marine insurance, maritime litigation and arbitration, corporate and tax services.

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The marine insurance industry needs to embrace data better if it is to successfully implement ESG aspirations, says Patrizia Kern, Chairperson of IUMI’s Data & Digitalization Forum. Speaking at IUMI’s conference in Chicago, she told the audience of underwriters that whilst more data on assureds’ activity is available, it needs to be consistent, reliable, relevant and provable to be of use.
She said: “ESG is here to stay: over 92% of the S&P Global 500 companies now report on their ESG metrics and marine insurers are catching up fast. But ESG is meaningless unless it is substantiated by verifiable data. We have an opportunity to transform the marine industry and make it more attractive for investors and attract a new generation of socially conscious marine underwriters.”
The conference attendees heard detailed examples of how data can be used to identify trends and geographical hotspots for marine casualties, high risk ports tagged to alert shipowners, focused loss prevention activities undertaken based on assureds’ claim performance and human rights due diligence to ensure that insurers have a complete picture of their customers’ activities. Rapid advances in machine learning and Artificial Intelligence (AI) mean that ESG assessments can be embedded into business workflows.
However, challenges exist in data standardisation, leading to many versions of the truth.
“We need to be ready to share more information with each other and standardise this data if we are to fully realise the benefits of taking an ESG stance,” commented Patrizia Kern.
Launched in 2018 the Big Data and Digitalization Forum comprises marine insurance professionals from different lines of business, IUMI Professional Partners active in the digital space and data analytics, and representatives from technology market leaders to ensure a broad range of views is represented in the Forum.

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Lomar Shipping, a maritime subsidiary of Libra Group, has acquired the Bremen, Germany-based Carl Büttner Holding GmbH & Co. KG (Carl Büttner or "CB"). The acquisition of the 166-year-old shipowner and manager — known for its technical management expertise and strong maritime legacy — is Lomar's most recent step to further diversify and grow its fleet.
Lomar entered into preliminary discussions with CB in Q4 2021, and the final agreement between the groups was reached in early 2022. After obtaining final regulatory approvals, the transaction closed last week at an enterprise value of close to $160 million. Transport Capital provided advisory services and negotiated on behalf of the sellers.
Established in 1856, CB has been owned and managed by five generations of the Büttner family. Through this acquisition, CB will become a subsidiary of Lomar, a leading ship-owning and management group established in 1976 with a diversified fleet of container vessels, bulk carriers, and chemical/product tankers. Lomar's extensive experience in maritime includes ownership, commercial management, and technical management working with many leading organizations around the world. Lomar is also itself a maritime subsidiary of the family-owned Libra Group, a global business group whose subsidiaries are predominately in six key sectors, including transportation, with assets and operations in nearly 60 countries.
"We are pleased to see the acquisition of Carl Büttner successfully completed and look forward to welcoming our new colleagues and their vast tanker management expertise as Lomar enhances its presence in the sector," said Nicholas Georgiou, CEO of Lomar Shipping. "Our organizations' cultures share many fundamental similarities, from our long-standing family values to a commitment to developing future talent within the maritime industry. We have a deep understanding of the maritime history in Bremen and are committed to strengthening our presence in the area by welcoming CB into the Lomar family."
George M. Logothetis, Executive Chairman of Libra Group, said, "This deal reflects the ethos and family values shared across our business group. We are pleased that as the Carl Büttner group joins Lomar, a proven maritime leader, it will also benefit from the strength of Libra Group's network around the world." He continued, "This is an exciting time for Lomar, and we look forward to many innovative and future-thinking announcements to come."
In 2017, long-time managing director of the CB Group, Thorsten Mackenthun, launched the most extensive newbuilding program in the company's history, which was successfully implemented with the delivery of four state-of-the-art ECO/fuel-efficient handy size chemical/oil-product tankers in 2019 and 2020, advancing the company despite the challenging market environment caused by the COVID-19 global pandemic. He has decided to retire following the successful acquisition, noting that "after more than 42 years in shipping, this result is a wonderful conclusion, and it is time to pass the wheel into younger hands." He continued, "CB has had a strong track record in shipping for 166 years, and this deal is a new chapter as part of a trusted company in the space."
Among their shared values, Lomar and CB are both dedicated to growing the next generation of maritime leaders. Former CEO of Lomar, Bremen-born Achim Boehme, passed away at 56 in 2020 following a courageous battle with cancer. In his memory, Lomar launched the Achim Boehme Scholarship program to support the next generation of seafarers and shipping professionals. This program is currently supporting shipping students at Hochschule Bremen - City University of Applied Sciences that are taking degree programs in International Ship Management - Nautical Sciences B.Sc. (ISMN) and International Shipping and Chartering B.A. (ISSC).
Lomar has long had a presence in Bremen, a vibrant port city and economic hub with a historic seafaring tradition. Under the final terms of the acquisition, CB's foundation will support the Achim Boehme Scholarship program, providing approximately $500,000 in additional program funding for German maritime students. All funding from the family and foundation will be used to support the next generation of German seafarers.

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Anemoi Marine Technologies, a UK provider of Rotor Sails to the shipping industry, has reached an agreement with COSCO Shipping Heavy Industry Co (CHI), one of China’s major shipbuilding organisations. CHI has nine yards capable of up to 7.5m dwt annual production across all major vessel segments and a significant global customer base. 
CHI customers will now have the option to install Anemoi's award-winning Rotor Sails on newbuild vessels or retrofit during dry dock. Under the terms of the agreement, the companies can offer a turnkey installation solution to customers.
Rotor Sails, also known as Flettner Rotors, are an energy saving technology. The mechanical sails are comprised of tall cylinders which, when driven to spin, harness the renewable power of the wind to provide auxiliary propulsion to vessels which significantly reduces fuel consumption and lowers harmful emissions entering the atmosphere by 5-30%.
Nick Contopoulos, COO of Anemoi Marine Technologies, said: “This is another exciting landmark for Anemoi and will accelerate the take-up of our emission reduction technology. We are proud to have secured the commitment of a top Chinese yard group. CHI shares our long-term vision of the role that wind assisted technology can provide in delivering carbon reduction today. We are looking forward to a highly successful co-operation in the years to come and we are currently lining up the first installation opportunities with CHI." 
Guo ZhiQiang, Assistant general manager at CHQ of CHI said: “As an integrated group of shipbuilding and marine engineering enterprises we are committed to supporting the shipping industry’s decarbonisation drive. Our pool of 3000 professional designers and 10,000 highly qualified technicians allows us to integrate the latest and most advanced solutions into the ships we build as well as retrofit in dry dock. We are delighted to be working with Anemoi Marine Technologies and have been impressed by their solution which can be combined with a range of other fuel saving measures.” 
Anemoi already has over 170 staff at its production and assembly facilities in Jiangsu Province, China and is currently scaling up production capacity to meet the continued increase in demand. 

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Ilias Tsakiris, managing director of Hellenic Hull Management, managers of American Club Europe, has been elected the new Chair of the Ocean Hull Committee of the International Union of Marine Insurance at its annual conference in Chicago.
It is the first time that an insurance executive from the Greek or Cypriot markets will lead IUMI’s Ocean Hull Committee and is another reflection of the prominence of the Greek and Cypriot shipping industries.
“I am honoured to take on this role,” Mr Tsakiris says. “I am committed to continuing the exceptional work of my predecessor Rama Chandran, and to support the initiatives of the newly-elected President of IUMI, Frédéric Denèfle.”
Mr Tsakiris has over 30 years of professional experience in the marine insurance sector. He initially trained as a Master Mariner at the Hydra Merchant Marine Academy, Europe’s oldest marine academy, and he holds a degree in Maritime Studies from Liverpool John Moores University.
He started his career at sea as an apprentice Deck Officer and moved up the ranks, before coming ashore to work in London as an average adjuster.
In 1995 he joined Hellenic Hull Management, then-managers of a predecessor insurer Hellenic Hull Mutual Association Plc., becoming Chief Executive Officer of Hellenic Hull Management in 2005.
In 2015-2016, on behalf of the American P&I Club, he launched American Hellenic Hull Insurance Company, now renamed American Club (Europe).
Mr Tsakiris has been a strong advocate for IUMI’s increasing focus on sustainability in marine underwriting and educational issues. 
Hellenic Hull Management has been an early mover in the sector and was among the first marine companies to become a member of UNEPFI’s Principles for Sustainable Insurance, the Sustainable Blue Economy Finance Initiative, the Net Zero Insurance Alliance, the Ship Recycling Transparency Initiative, the UN Global Compact and the Poseidon Principles for Marine Insurance.
He is a visiting lecturer in various academic institutions, including the World Maritime University and University of Piraeus.

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TURBOMED SA, located in Piraeus at Schisto Industrial Park, will be a proud Green Award Incentive Provider. At the ceremony in Piraeus on 22 September 2022, Green Award handed over the Green Award flag and recently re-designed plaque to TURBOMED SA. This means ships and companies certified by Green Award will be able to redeem advantageous discounts when using their services.
Green Award certified Ships and Companies (existing and prospective members) can receive:
·  15% discount to Pre-Survey Services & Assessments
·  7% discount on all TURBOMED SA services provided on-board such as Inspection, Maintenance, Repair, Overhauling, Upgrade, Retrofit, Dynamic Balancing in the total range of turbocharger’s requirements of Main & Auxiliary engines.
·  10% discount on all TURBOMED SA services provided in-situ, i.e. Inspection, Maintenance, Repair, Overhauling, Upgrade, Retrofit, Dynamic Balancing in the total range of turbocharger’s requirements of Main & Auxiliary engines.
·  The Loyal repeat TURBOMED SA customers that are Green Award certified ships and companies are eligible for:
-  an additional 5% discount during the second year
-  an additional 2% discount from the third year and onwards
The CEO of Turbomed, Mr Ioannis Paraskevopoulos in his welcome note pointed out: “We are proud and happy to be a Green Award Incentive Provider. Our company's accession to the international Green Award community is fully aligned with our company's policy and business practices of promoting the environmental awareness and supporting the sustainable development. Besides, our latest technologically innovative services aim to enhance vessels' environmental and safety performance, securing at the same time the highest quality standards.”
Mr. Jan Fransen (Green Award, Executive Director) emphasizes “that involvement of organizations like TurboMed is extremely important as their services involve technical expertise to improve safety of shipping. This is a very critical part of the Green Award program as well, and therefore I am very enthusiastic about our future collaboration by welcoming them onboard.”
About TURBOMED SA: TURBOMED SA as an independent family business with 46 years of presence, specialises in construction, repair, maintenance, dynamic balancing, upgrade, retrofit of engine’s turbochargers for Marine & Navy, Oil & Gas, Power Plant and Auto & truck throughout Greece and worldwide. The company supplies turbocharger complete units and spare parts for all types and manufacturers.
TURBOMED SA has been authorised service agent for KBB Turbochargers in Greece since 1995 and provides service for the full range of KBB turbochargers. Service stations and affiliate offices of the company are established in various locations around the world, so that promptly cover a wide range of engineering works.
About Green Award Foundation: Together with sea-going ship operators, inland navigation operators, ports, governments, suppliers and service providers, Green Award is successfully committed for almost 30 years to the recognition and stimulation of sustainable and safe shipping. Green Award does this on a non-profit basis with a challenging programme of requirements, combined with a system of inspiration, audit/inspection, certification, and reward. Meanwhile, there are over 160 parties that give ships with a Green Award certificate a (financial) advantage. Green Award started in 1994 with a programme for sea-going vessels, in 2011 a programme for inland shipping was launched.
The program is consistent to 12 UN SDGs (Sustainable Development Goals) supporting the ESG policies (Environmental, Social and Governance) of organisations across the globe.
The Foundation is governed by industry representatives
Image:(l-r) Mr Ioannis Paraskevopoulos (CEO, Turbomed) and Mr Jan Fransen (Executive Director, Green Award Foundation)

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Malaga, Spain, has been the capital of the cruise industry for a week, hosting on the 14th and 15th of September the first Seatrade Cruise Med after the pandemic. The event has been organised in collaboration with Seatrade Cruise and Malaga Port Authority, Malaga City Council, Costa Del Sol and Andalusia Regional Government, with MedCruise as the principal supporter.
More than 150 registered to Seatrade Cruise Med as exhibitors, and thousands of visitors finally came together for the leading exhibition, bringing all the cruise industry professionals in the Mediterranean region and confirming the high professional level of the participants.
MedCruise, the largest cruise ports association in the world, had a strong presence in that strategic gathering with a pavilion of more than 570 square meters offering to all its members and associated members the possibility to be promoted during the exhibition.
MedCruise port and associate members shared their valuable inputs upon insightful conferences or networking events to give a more sustainable approach to the cruise industry. The importance of sharing experiences, best practices, new projects for the future in order to demonstrate how to achieve the complete resumption of the sector and in a more sustainable way were key elements of the discussions
Adrijo project - a great example of collaboration within Ancona, Ravenna, Venice, Trieste, Rijeka, Zadar, Split, and Dubrovnik ports- presented during a special event hosted in MedCruise stand. The project describes a sea – the Adriatic – that unites two cultural identities as well as two shores and includes the Cultural Network that was established to preserve and promote their common cultural and maritime heritage, a heritage of monuments and of tangible and intangible skills, of the eight Italian and Croatian ports –– by means of an interactive digital portal.
Seatrade Cruise Med has had an intense program of conferences, focusing on specific topics such as the state of the Mediterranean industry, sustainability and the future of the industry involving more than 20 members among the speakers. In addition, several dedicated presentations have been organised by MedCruise members in addition to the several B2B meetings.
MedCruise presented the two major pillars of its strategy for the next years:
I. Sustainability: Sustainability is approached in a holistic, human manner. Collaboration-innovation-implementation of different actions define the #MedCruise4OurPlanet vision and
II. Data governance: MedCruise is currently developing a data governance project, which not only visualises data but implements a data governance structure that will help the organisation tackle a no-man’s-land head-on and assist in taking micro and macro decisions based on accurate and updated data.
During the prestigious ceremony of the Seatrade Cruise Awards, the first MedCruise Special Award was dedicated to the Black Sea Ports. Ms Julia Strikh, External Relations department from Odesa Seaport Authority, kindly accepted the invitation of MedCruise and was exceptionally present to receive the award on behalf of the Black Sea region.
MedCruise President Figen Ayan also participated in the Cruise and Destination Dialogue organised by CLIA association where she emphasised and reconfirm the necessity to work all together towards a more sustainable future.
As a bi-annual key event, within the occasion of the Seatrade Cruise Med, the MedCruise 61st General Assembly was hosted by the Malaga Port Authority. An important moment to discuss and update the members about the many activities of the association and the key 12 tasks held by the board of directors, which will shape the cruise industry.
As President of the North Adriatic Sea Port Authority I would like to take the chance of this Assembly to tell you what a great opportunity joining the MedCruise family represents for us this year: we are really convinced that to overcome this challenging moment for our sector in Venice, now more than ever, we need to share experiences and possible solutions, we need to learn the one from the others, we need to make comparisons with ports facing the same challenges. Joining forces and working together is the only way to design a new model of cruising the Med! We are also confident that finding the right balance in a complex port system such as the one of the Venice Lagoon will be proof that it will be possible everywhere! We will do more than our best to bring our contribution to the team!, stated Fulvio Lino Di Blasio, President of North Adriatic Sea Port Authority.
Furthermore, it was the occasion to welcome one new port member, Port of Ravenna and new associate members, Turklim, the port operators association of Turkey and the Wilehmesen group, which have officially joined the strong MedCruise family.
After the GA in Malaga MedCruise, the largest cruise ports association in the world, is currently representing +145 port and 47 associated members.
We want to thank the Malaga team for the huge work done during the last period to permit the organisation of this important event for the professional of the Med and adjoining sea. After 4 years it will be an emotion to be in Malaga working again side by side together. - Has said Figen Ayan, President of MedCruise.
"I have always loved history and archaeology, so knowing that Malaga, this beautiful southern Spanish port town is one of the oldest cities in the world makes me shiver. While walking in its streets, you literally feel like travelling back in time.
“It takes a long time to become young,” Pablo Picasso once said. He was talking about the kind of art he wanted to create, but he may as well have been speaking of his birthplace, Malaga.
So, Seatrade Cruise Med 2022 was in a very inspiring port city, where we discussed key matters where we are redefining the word sustainability to make sure that the ships are welcomed by the local community and that our ports are ready technically."

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On Sunday, the 11th of September 2022, the Ambassador and General Consul of Panama in Greece, H.E. Mrs. Julie Lymberopulos hosted in Her Residence the WISTA Hellas Members annual meeting.
We wish to thank all WISTA Hellas Members for attending the event organized by WISTA Hellas Board of Directors and Administrative team.
Taking this opportunity, we wish also to thank the President of WISTA Hellas, Mrs. Elpi Petraki, the President of WISTA Portugal, Carla Olival, and the President of WISTA Panama, Guadalupe Concepcion for their presence.
It was a great opportunity to discuss and get together with interesting female figures of the Greek Shipping Community. 
Within this opportunity, we wish to highlight the invaluable work that WISTA Hellas offers to its members and Community by: empowering women. building a strong inclusive community, addressing the issue of gender gap in leadership positions and in seafaring careers, facilitating the exchange of information and experiences, promoting business relationships and business activities, supporting continuing education as a means for professional development of the members and the young people, addressing current topics in the industry, promoting the Greek Maritime sector, in Greece and abroad.
WISTA Hellas’ membership base currently exceeds 350 members, all holding key positions in their organizations and being influential decision makers within the Greek maritime industry.
 

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At the recent SMM trade fair in Hamburg, MAN Energy Solutions and ABB – the  leading global technology company – signed a Decarbonisation Cooperation agreement regarding the development of a next-generation, Dual-Fuel, Electric+ (DFE+) propulsion concept for LNG carriers.
The DFE+ concept features the MAN 49/60DF engine – itself launched at SMM 2022 – and ABB’s Dynamic AC (DAC) technology and aims to deliver the operational flexibility shipowners need to cut carbon footprints as well as fuel bills for liquefied natural gas carriers. The scope of the collaboration covers a joint concept study between the partners sharing technical data, and discussing interfaces and system integration. MAN Energy Solutions and ABB intend to jointly promote the concept to customers.
Rune Lysebo, Global Head of Sales, ABB Marine & Ports, said: “Progressive regulations on emissions have called for continuous innovation in marine propulsion. To be truly future-proof, ships that are being built today need to be able to rely on flexibility in energy sourcing. The new power and propulsion system will be optimised for efficiency and compliance, and have the flexibility needed to achieve best performance.”
Elvis Ettenhofer, Head of Marine Four-Stroke – Region Asia Pacific, MAN Energy Solutions, said: “Two names like MAN Energy Solutions and ABB coming together to develop an innovative, decarbonising marine solution sends a strong signal to the market. Customers demand efficient and flexible propulsion concepts so they can react quickly to changing market conditions through the best use of their assets.
He added: “This cooperation with ABB will deliver the technology necessary to provide a new propulsion concept. In turn, this will help our customers to reduce their CO₂ footprint and fuel costs, and will provide the flexibility, for example, in operation for different trades or retrofits from an LNG carrier to floating storage units or floating storage regasification units. This concept can reduce methane slip and fuel costs compared to conventional diesle electric propulsion systems. ABB’s DAC and global presence are an ideal match for our new four-stroke engine.”
The DFE+ concept
Whereas the conventional DFDE concept is characterised by: 
·constant-speed operating engines (gensets) over the entire engine load
·optimised for high load, for example, the 85% load point
·in part- and low-load have high methane slip and less efficiency;
the new MAN/ABB DFE+ concept comprises:
·variable-speed operating engines (gensets) over the entire engine load
·better efficiency with significant reduction of methane slip over the entire engine map.
While variable-speed applications are well established for liquid-fuel systems up to 10mW_e, torque requirements and the low efficiency of first-generation dual-fuel engines – including limitations in the e-systems design for diesel-electric propulsion systems over 10 mW_e – killed variable speed for propulsion systems over 10mW_e.
ABB’s Dynamic AC technology enables the operation of propulsion systems above 10 mW_e at variable speed with all the accompanying benefits. In combination with the second-generation, high-efficiency MAN 49/60DF engine (with ALSi – Air Lubrication System interface, as an add-on), this DFE+ concept will provide customers with next-level efficiency and flexibility.
Pictured at SMM, Stig Leira, Transformation Program Manager, ABB Marine & Ports; Rune Lysebo, Global Head of Sales, ABB Marine & Ports; Vice President, Marita Krems, Head of Four-Stroke Marine & License, MAN Energy Solutions; and Elvis Ettenhofer, Head of Marine Four-Stroke – Region Asia Pacific, MAN Energy Solutions

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