The second Sea to Cloud event in Athens hosted by Kongsberg Digital was a blast! Inspired by Stavros Niarchos’ Lighthouse unique view of the ancient hill of Acropolis and the modern Port of Piraeus has set the tone for how shipping companies can adopt a digital strategy to combine the old with the new.
This year’s interactive event attracted many representatives from shipping companies, who seized the opportunity for VIP demo sessions, ranging from Data Collection &  Vessel Performance to Fleet Optimization & Electronic Logbooks. The event opened with a keynote from Mr. Stavros Fountas (Managing Director, Kongsberg Maritime Hellas), he shared the latest industry insights and how digitalization can lead shipping to a safer and more efficient future.
The first of our guest speakers was Mr. Jason Stefanatos (Regional Decarbonization Director, DNV) who eloquently set the framework on the regulatory aspects of decarbonization and digitalization.          
Then, the stage was owned by Mr. Zoran Lajic, Energy Efficiency Director of Angelicoussis Group. With an insightful presentation he laid the methodology of how the Group monitors their fleet, analyzes the data and turns it into value.
Right after, the audience had the chance to witness firsthand a case study with insights from the world´s largest container shipping line MSC into its fleet digitalization. Mr. Thodoris Rigopoulos (Fleet Performance Expert, MSC) showcased how having one vessel-to-cloud data infrastructure, like Vessel Insight, is key to optimizing MSC’s vessel operations to become more effective, sustainable, and safer.
Concluding the speeches, Ms. Sigrid Siksjø Johansen (Product Owner – Kongsberg Digital) elaborated on how to monitor, control and improve energy management and compliance in today’s merchant marine industry.
The evening continued with the crowd mingling, having fun and exchanging ideas on shipping and digitalization and everyone renewed the appointment for next year.

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Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group.

Wallem’s portfolio of commercial services is ideally placed for expansion across a full range of vessel types, according to the executive appointed to drive for growth in January 2023. And Capt. Anurag Mathur, whose previous roles include senior managing directorships at leading ship owning and ship management companies, says he is relishing both the task and the trust placed in him by the Wallem board to make things happen.
Launched in 2008, Wallem Commercial Services offer a unique portfolio of capabilities, by including commercial ship and cargo management, broking, chartering and sale & purchase, but also insurance and advisory financial services, loan facility and distressed asset management.
With more than 200 vessels signed up to conventional ship management agreements with Wallem, the commercial services operation is well established and growing in the group. However, Capt. Mathur says that the commercial services relationship with owners is of a different nature, with owners leveraging Wallem’s experience in areas that are usually closed to third parties - including back-office support and asset financing. 

Long-term interest

Faced by persistent market volatility, ambiguity on sanctions, supply chain disruption and uncertainties over ship emissions requirements, owners can benefit by consulting with Wallem shipping knowhow which this year marks its 120^th anniversary, says Capt. Mathur. In an industry also afflicted with rising interest rates, accessing financial analysis, project evaluation and investment project management that is wholly independent is also a clear value add.
“There are clear opportunities for independent commercial services in today’s market,” says Capt. Mathur. Already, prospects are strong in the bulk carrier and chemical tanker sector, he adds, while over ordering and deteriorating rates in the containership market may push owners to seek asset refinancing.
Meanwhile, commercial shipping as a whole is facing up to fixed greenhouse gas emissions targets.
As part of its conventional ship management, Wallem’s integrated commercial software analytics is already monitoring vessels for CII profile and has developed predictive capability to plan for future compliance. However, Capt. Mathur believes a significant part of the market will need more than technical consultancy alone to meet its obligations.
“If you look at mandatory EEXI and CII requirements, our sense is that a lot of people will start wondering what to do at the end of the year, when it will already be too late,” he says. Class can help owners with their immediate reporting needs into the IMO’s Data Collection System, but they also urgently need to review their readiness to respond to whatever CII ratings apply to their vessels.
If some believe from experience that alarm over approaching maritime rules can be overblown, Capt. Mathur offers a stark warning. “The difference this time is that the EU ETS will be mandatorily implemented from 1 January 2024 – at least in Europe and will have significant impact on Ship Owners, DOC holders and their Commercial partners. I think people are just realizing the magnitude of what is going to come soon. There’s an urgent need for owners to get the right advice.”
Furthermore, formulating plans to reduce carbon profile over time – which is also required by the GHG & CII framework – will demand a proactive assessment of asset longevity and an evaluation of the ROI of extending the life of older tonnage. 

Independent evaluation

Faced by equipment suppliers pushing energy saving devices, an array of low carbon fuels and a multitude of software options that vendors claim solve sustainability challenges using analytics alone, owners seeking CII reductions now are wary of making the wrong investment choices.
“Of course, owners need independent technical partners to evaluate the feasibility of any new technology, but they also need a commercial partner to evaluate ROI and broaden the review to other options such as different routes or trading patterns. On top of that, owners will need to finance the measures they have in mind.
“We see a distinct opportunity to grow Wallem Commercial Services as a one stop shop, where we can assess owner needs, agree a plan, facilitate finance and project manage to completion as a partner who stands by our recommendations to prove that they work in practice.”
The company’s financial consultancy, loan facility management and transaction support are likely to be powerful tools in growth plans for Wallem Commercial Services, says Capt. Mathur. “Where ROI can be established for retrofitting a new technology to extend a ship’s life expectancy to fit with tightening limits for carbon emissions, for example, Wallem Commercial Services has lines to a number of financial institutions, including sizeable Green Funds.”
Recalling the returns made by owners willing to agree financing for exhaust gas scrubber technology in the run up to IMO 2020 restrictions on fuel sulphur content, investments in the compliance of older assets can reap the rewards of market opportunities, he observes.   
Owners also need broader commercial services to help them adjust to shipping’s new era of transparency, says Capt. Mathur. Smaller owners may simply lack the resources to service shipping’s new benchmarking culture or may recoil from open-ended expenses brought by multiple experts - all promising to help them through one part of the process.
“The shipping business is often about making connections and there are many people who can help owners with part of their needs when it comes to asset or technology evaluation, financing, project management and delivery. However, different stakeholders mean multiple negotiations. The basis for growing Wallem Commercial Services is that we will partner our customers from start to finish, as a one stop solution for their commercial and technical needs.” 

Image: Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group

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Bureau Veritas (BV), a world leader in testing, inspection and certification, awarded an Approval in Principle (AiP) to Hyundai Heavy Industries Co., Ltd – Hyundai Global Service CO., Ltd (HHI), TotalEnergies Gas & Power Limited, and Mitsui O.S.K. Lines, Ltd. (MOL), for wind assisted ship propulsion (WASP) on a Very Large Crude Carrier (VLCC) and a Liquefied Natural Gas (LNG) carrier.
The AiP was presented at Nor-Shipping in Oslo, marking the successful completion of a Joint Development Project (JDP) between all four companies to better understand and validate the potential for WASP on these ship types. Matthieu de Tugny, President of Bureau Veritas Marine & Offshore, personally presented the AiP certificates to the representatives of HHI, TotalEnergies and MOL at the event.
The JDP focused on three wind propulsion technologies, two of which were wing sails and one a rotor sail system. The principal conclusion of the project and the subsequent issuance of the AiP demonstrate that all of these systems are compatible with existing classification rules and regulations for VLCCs and LNG carriers, thereby paving the way for more detailed work to address specific risks that would enable detailed design and arrangement work to proceed.
BV actively participates in multiple WASP projects, supporting the development of innovative technologies. In March 2021, BV released an update to its rule note for WIND PROPULSION SYSTEMS (WPS) – NR 206. Building on pre-existing BV rules released in 1987, the rule note provides the classification requirements for modern wind-powered ships. BV Rule Note NR206 provides load cases and coefficients for all types of wind propulsion technologies, including free standing rigs, wing sails, kite sails, suction sails, and rotors.
These dedicated rules serve as the key classification framework for wind assisted propulsion. Firstly, during the design review stage, the rules ensure the safety and proper integration of wind propulsion systems with other onboard systems. Secondly, throughout the vessel’s in-service life, the rules address survey regimes and maintenance requirements.

Image: From left to right, Inho Lee, Head Manager/Director of Green Technical, Hyundai Global Service; Nam Jung-Woo, Project Manager/Proj. Planning Dept (Commercial), Hyundai Heavy Industries; Makoto Yamaguchi, Executive Officer/Chief Technical Officer, Mitsui O.S.K. Lines, Ltd. (MOL); Florence Robine, the French Ambassador to Norway; Nicolas Drouin, Head of Gas Shipping, TotalEnergies; Matthieu de Tugny, President of Marine & Offshore Division, SVP of Bureau Veritas Group

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Attica Group, parent company of SUPERFAST FERRIES, BLUE STAR FERRIES and HELLENIC SEAWAYS, has been awarded for its new AERO 1 Highspeed by the Swedish shipping magazine SHIPPAX Information, with the SHIPPAX FAST FERRY AWARD 2023.
AERO 1 Highspeed was honoured with the SHIPPAX Fast Ferry Award 2023 in a special ceremony held on Monday, 24 th April 2023 during the annual SHIPPAX Ferry Conference. This is considered as an exceptional distinction for our Group, for Greece and for Greek Shipping. The award committee noted that, “After several years without newbuilt fast ferries for the Greek domestic market, the AERO 1 HIGHSPEED contributes a truly innovative approach, uniting sustainability with a so far unknown degree of passenger comfort in the Saronic Islands trade. The aerodynamic and energy-efficient design, complemented by an extremely light construction of carbon fibre, contributes to reduce fuel consumption and air emissions.
AERO 1 HIGHSPEED at the same time has a modern design and innovative features that significantly upgrade the travel experience for passengers. Spacious accommodation, large windows, designated facilities for passengers with reduced mobility and a dedicated area for bicycle transportation are characteristics of a forward-thinking design tailored to the requirements of a rather diverse passenger target audience comprising commuters just as much as tourists”.
The AERO 1 Highspeed is the first of three vessels Attica Group has built in Brødrene Aa shipyard in Norway. Delivered on 1 st August 2022 she was deployed directly to the Saronic Island routes. The three AERO Highspeed vessels have significantly renewed the Attica Group fleet in the Saronic Gulf, enjoying passenger preference from the very outset.
The total investment cost amounted to €21 million (€7 million per vessel). Each vessel has a maximum speed of 32.2 knots at full load, total length 36 meters, width 9.7 meters and carrying capacity of 150 passengers.
SHIPPAX, with nearly 50 years of experience, provides information on passenger vessels of all categories, collecting statistical data from around the world for publication in print and databases.
Attica Group is engaged in passenger shipping through SUPERFAST FERRIES, BLUE STAR FERRIES, HELLENIC SEAWAYS and AFRICA MOROCCO LINK operating 35 vessels providing modern, high-quality transportation services in Greece and abroad. Attica’s vessels serve 61 unique destinations in 4 countries, connecting 79 ports transporting over 6 million passengers, 1 million passenger vehicles and 500,000 trucks every year.

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A meeting with His Eminence the Archbishop of Athens and All Greece Mr. Ieronymos had a delegation of executives from the Piraeus Port Authority / PPA S.A. – COSCO SHPPING which was consisted by Mr. Savvas Sanodizis, Manager of the Board of Directors Secretariat, Public and Investor Relations, Ms. Zoe Athanasoglou, Manager of Free Zone and other Customs Procedures and Mr. Nektarios Demenopoulos, Deputy Manager of the Board of Directors Secretariat, Public and Investor Relations.
The Piraeus Port Authority / PPA S.A. – COSCO SHPPING supports the humanitarian and social work of the Charitable Organization “MISSION” of the Holy Archdiocese of Athens, by providing storage space for humanitarian aid aiming at covering needs from natural disasters in Greece and abroad.
The Archbishop Mr. Ieronymos, in recognition of this contribution and social support to the work of “MISSION”, offered an honorary plaque for the Chairman of the Board of Directors of PPA S.A. Mr. Yu Zenggang.Mr. Nektarios Demenopoulos, on behalf of PPA, offered commemorative albums to the Archbishop and to the General Manager of “MISSION", Mr. Konstantinos Dimtsas. The meeting attended the General Manager of “MISSION” Mr. Konstantinos Dimtsas and the Public Relations Officer of the Organization, Mr. Ioannis Petalas. During the meeting, the social responsibility program of PPA S.A was presented, which is part of a wider corporate responsibility strategy and includes a series of important initiatives and actions aimed at strengthening and wider support of the local community, the port’ s neighboring municipalities and its employees.
An indicative example is the systematic cooperation of PPA S.A. with the Holy Diocese of Piraeus for the support of the Diocese's charity work through the strengthening of the charity meals, as well as the gifts’ offer to children of families in the wider area of Piraeus. Also, PPA S.A. supports the local Social Groceries and contributes on a monthly basis for the purchase of necessary products and food for their operation.
The delegation of PPA S.A. pointed out to His Eminence their support for the work of “MISSION”, highlighting the importance of bringing together all forces of social contribution. Finally, they congratulated the Management of “MISSION” for its executives and people, who, inspired and dedicated, fulfill their duty of strengthening social protection and social cohesion.

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Shipping is so global, that only a truly global regulator such as the International Maritime Organization can provide the level playing field needed for this diverse industry and all the nations it serves, says INTERCARGO.
Yet even the IMO, a United Nations agency, must be careful not to create regulations that put shipping in isolation warns the Association, which represents the world’s dry bulk shipping sector. “Simply regulating shipping alone will bring distortions and dangers to global trade,” advised INTERCARGO chair Dimitris Fafalios. “Ship owners and operators, fuel producers, charterers, cargo owners, shippers and receivers, ports and terminal managers, all share responsibilities in the daily maritime venture that is dry bulk shipping,” he explained.
“Dry bulk shipping, which is already one of the most environmentally friendly bulk transport modes, strongly wants to decarbonise. However, I stress that we cannot do this alone,” he commented. Decarbonisation was at the centre of discussions during last week’s INTERCARGO Semi-Annual Meetings held in Dubai (May 25-26, 2023). Members discussed a number of key industry issues as they relate to the dry bulk sector, including greenhouse gas reduction, fuel lifecycle analysis, the implementation of new international and regional regulations, as well as sharing experience and information.
INTERCARGO fully supports the IMO’s ambition to achieve net zero emission shipping by 2050. However, it stresses that the responsibility for decarbonisation cannot be placed solely on the shoulders of the ship operator – it is a challenge that must be dealt with holistically by the entire supply chain.
The IMO is currently in the process of revising its Green House Gas (GHG) Strategy. INTERCARGO is an active participant at the IMO and plans to submit a paper to its MEPC 81 (Marine Environment Protect Committee) meeting in 2024 on the effect of idle time (e.g. port waiting), short voyages, and the effect of laden versus ballast voyages ratio on vessels’ Carbon Intensity Indicator (CII) ratings.
Secretary General Kostas Gkonis commented: “It was encouraging to have so many of our membership, which has reached record levels, joining us in Dubai both physically and remotely. The level of expertise and enthusiasm amongst our members enables us to contribute knowledgeably at the IMO and at numerous other industry fora.”

image: INTERCARGO chair Dimitris Fafalios

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Anticipating a fruitful and constructive partnership with the most exciting knowledgeable shipping market globally HFW Greece is committed to offer the highest standards and quality advice with these words.
Dimitris Vassos, Managing Partner of HFW Greece welcomed the exceptional guests at a 30-year anniversary party at Matsuhisa Vouliagmeni.
In his message Mr. Vassos said: “30 years since we opened for business in shipping's foremost and most successful community!   HFW was founded in 1883 and this year we also celebrate 140 years of existence as a firm.  There are not many UK or international law firms that can legitimately claim to be as closely affiliated as HFW is to Greece and the Greek shipping industry.  There are numerous reported legal cases dating back more than 100 years where HFW represented Greek shipowning interests and mostly successfully, if I may add! 
A further example of the Firm's close ties with Greek shipping is that until a few years ago, one of our senior London partners was Lord Byron, a direct descendant of The Lord Byron who fought in the Greek War of Independence against the Ottoman Empire!
We are truly grateful that so many of you were able to attend tonight's event and amongst you we see a great number of long standing clients, supporters and friends.  Your support and friendship has been pivotal to the success of HFW Greece, and also of our firm as a whole.
In these challenging and ever-evolving times for the shipping industry where there is heightened regulation and major geopolitical events affecting international trade, my HFW colleagues and I strive to remain abreast of developments and continue to guide our clients through these challenges, either in the context of disputes, transactions or other advisory work”.

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Lloyd’s Register (LR) and the Liberian International Ship & Corporate Registry (LISCR) have awarded Design Approval to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Hyundai Mipo Dockyard (HMD) for the development of the world’s first 22,000cbm multi-gas carrier as part of a Joint Development Project for LCO2 Carrier design and development.  
The vessel will be capable of carrying Liquified Carbon dioxide (LCO2), Liquid Petroleum Gas (LPG), Ammonia (NH3) and Vinyl Chloride Monomer (VCM) and incorporates a new type of steel in its tanks that supports greater efficiency in the carbon capture and storage (CCS) value chain.
The steel used in the Type C tank construction for multi-gas will make scantling lighter whilst keeping intact the tanks’ structural integrity. This innovation allows an upscale in the size of the carrier, improving storage and transportation, something shipbuilders are not able to do with more conventional materials.
As part of the Design Approval process, LR will provide advice and guidance on technical regulations and the development of a Type C storage tank for using the new material. The Liberian Flag Administration will liaise with LR to formalise the approval and provide the required certification to allow the multi-gas Carrier to enter service.
When built, the carrier will transport liquefied carbon dioxide under pressure, allowing carbon from the CCS process to be transported to storage facilities.
HD KSOE & HMD have developed three different LCO2 carriers to respond to the market demands of different business models in the CO2 value chain, which include a 12,000cbm LCO2 carrier with medium pressure cargo tanks, a 22,000cbm LCO2 carrier with low pressure cargo tanks and a 30,000cbm LCO2 carrier with low pressure cargo tanks.
Andy McKeran, Lloyd’s Register, said: “This Design Approval demonstrates LR’s expertise in supporting the advance of ground breaking maritime projects in a safe, sustainable way. This multi-gas carrier will be a key piece of infrastructure in the carbon capture and storage value chain, helping remove greenhouse gases from the atmosphere, supporting the progress to a net zero carbon economy.”
Yi-hyo Chung, Senior Vice President, HMD, said: “This is the first result of the JDP of new steel for liquefied CO2 carriers signed in August 2021, allowing us to design & build more economical and efficient carriers. The developed new material has been examined and approved based on the mechanical properties experiment and engineering assessment.”
“We are very pleased to share the result of this development show as we prepare to build customized economical liquefied CO2 Carriers.”
Thomas Klenum, Executive Vice President, Liberian Registry, said: “Carbon capture is one of the keys to unlock the potential to fully decarbonize international shipping and other industries in the fight against climate change, and therefore the Liberian Registry is very proud to contribute with an Approval in Principle to HD KSOE and HMD for their innovative multi-gas carrier design featuring a new steel type for the cargo tanks allowing multiple gases to be safely and efficiently transported including liquefied CO2.”
“This JDP between HD KSOE, HMD, POSCO, LR and LISCR demonstrates that international collaboration can pave the way for innovation in ship design and a sustainable future for our maritime industry.”

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Zela Jet and Fly 7 has established an exciting exclusive sales cooperation between the two companies for a brand-new 2023 production Pilatus PC-12 NGX to be operated out of Greece. The two companies have worked closely together in the last few months and will continue to do so throughout the upcoming summer season.
Zela Jet will be solely and exclusively representing the marketing of this PC-12 NGX aircraft for the course of the summer. Fly 7 who are the largest operator in Europe for the PC-12 will be the powering of this aircraft as they will be managing the all operational matters. The most modern single-engine turboprop to date is the PC-12 NGX. Its remarkable safety record of more than 7 million flying hours served as a foundation. The PC-12 NGX brings the most recent avionics and engine technology to the turboprop market.
This PC-12 aircraft registered (OH-FUK) will be available ready for charter from July 2023 as the aircraft is scheduled for delivery in June 2023. The aircraft has a capacity of 6 passengers and offers a comfortable cabin for flights up to 2.5-hours. The aircraft will be best used for island hopping in Greece and reaching other nearby destinations in the southern eastern Mediterranean region. The PC-12 does not require a long runway which makes it one of the best private aircraft to give it the ability to land in almost all of the airports in the Greek islands that larger private aircrafts will not be able to land at. The aircraft is also known for reaching remote locations in the Swiss Alps, Switzerland being the home country of the PC-12’s manufacturer, Pilatus Zela Jet representatives will be attending EBACE in Geneva in May and will be actively promoting this aircraft as they will handle all sales for the summer.
To arrange any meetings with Zela Jet regarding this aircraft or any private aviation requirement please get in touch at This email address is being protected from spambots. You need JavaScript enabled to view it..
Zela Jet is a brand part of the already well -established brokerage firm Zela Aviation established in 2006. Zela Jet was created to target the increasing demand for private travel, primarily focusing on the Eastern Mediterranean and the Middle- Eastern market. The company's HQ are in Limassol, Cyprus with regional offices in Athens, Greece. Zela Jet comprises of a team of aviation professionals, whose experience guarantees exceptional service. We target clients who appreciate comfort and time, while keeping the costs reasonable.
Fly 7 was founded in 2011, the company rapidly established itself as a touchstone in the world of business aviation. Based at La Blecherette Airport in Lausanne, Switzerland, Fly 7 spread their wings throughout Europe. One particular aircraft is strongly part of the DNA of Fly 7 and their fleet, it’s the Pilatus PC-12. The famous swiss plane manufactured and assembled on the shores of Lake Lucerne. The PC-12 has become a flagship of Swiss aeronautics, capable of landing anywhere.

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Neptune Maritime Leasing Limited has signed up Lars Solbakken as an adviser to its executive Board.
Harris Antoniou, Founder and CEO of Neptune Leasing, commented: “We are honored that yet another leading shipping expert has agreed to support our platform of leasing services to the maritime community. Lars will help us reach our goal to build a high quality diversified portfolio in shipping and oil-services. I welcome Lars to Neptune Leasing.”
Gabriella Kindert, Non-Executive Director & Board Chair added: “With his long experience in the sector, Lars will assist the Company to pursue its mission and growth objectives. I welcome Lars as an Adviser to our Board.”
Lars Solbakken commented: “I am pleased to start working as an adviser to Neptune Leasing. The company is well positioned to offer a very competitive leasing product and should be a very attractive financing partner for both shipping and oil-service companies.” Mr. Solbakken has had a number of senior positions within shipping and banking. Within shipping he has been CEO of Ship Finance International Ltd, Norwegian Car Carriers ASA and from 2012 until early in 2022 Ocean Yield ASA. During his tenure as CEO of shipping companies he has also been chairman of a number of related companies. Within banking he has been general manager of Fortis Bank, Oslo Branch and in Christiania Bank (now Nordea) he was SVP and deputy head of shipping and he was also head of equity issues.
Mr. Solbakken has a master of science degree from the Norwegian School of Economics. About Neptune Maritime Leasing Neptune Maritime Leasing was established in 2021. It is a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool and investors with secure access to an under-invested asset class with attractive real yield. Our strategy is to buy high quality assets and build a portfolio of long-term contracts through sale and leaseback transactions in diverse maritime sectors. We are committed to delivering attractive, long term, risk-adjusted, and responsible returns to our investors, by advancing global trade and economic growth through supporting the maritime industry responsibly, and by making a positive contribution to the environment and to society as a whole.

image: Harris Antoniou, Founder and CEO of Neptune Leasing

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