Capital Ship Management Corp. has completed the registration process of the Tanker 'Akrisios' ('ΑΚΡΙΣΙΟΣ') to the Greek registry. M/T 'Akrisios' is now sailing around the world flying the Greek flag.

The M/T 'Akrisios' is a 50,113 dwt, eco-type Chemical/Product MR tanker, built in 2023 by Hyundai Vietnam Shipyard Co Ltd. in Vietnam. Being Tier III compliant for reduced NOx emissions, assigned ABS ENVIRO notation, as well as ABS Wind-Assisted Ready, HVSC-Ready and LNG Fuel Ready notations, and equipped with IHM notation for safe recycling, M/T ‘Akrisios’ is one of the most environmentally friendly, technologically advanced and efficient vessels in the global MR fleet.

The change of flag on the 'Akrisios' took place at the port of Khor Fakkan in the United Arab Emirates (UAE), in the presence of the Maritime Attaché of Shanghai, the Lieutenant Commander of the Hellenic Coast Guard, Mr. S. Kakarouchas.

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In the ever-challenging and unpredictable world of maritime operations, moments arise that define not just the skill of a crew but their character and humanity. Such a moment occurred in the early hours of December 28, 2024, when the MV Rukbat Star demonstrated remarkable courage and operational excellence by rescuing 53 individuals from perilous conditions in the Atlantic Ocean. This rescue exemplifies the unwavering commitment of maritime professionals to the sanctity of human life and the profound responsibilities they bear.

The Rescue Operation

Executing a maritime rescue in the open sea is a complex and hazardous task. The crew of the Rukbat Star approached the situation with professionalism and precision. After notifying MRCC Las Palmas of the boat’s discovery, the crew began the rescue operation at 02:35 LT. Maneuvering carefully to avoid capsizing the rubber boat, they ensured a safe transfer of all individuals aboard the larger vessel.

The Call That Changed a Voyage

At 01:57 local time (00:57 GMT), while on a routine voyage from Agadir to Laâyoune, Morocco, the MV Rukbat Star received an urgent distress signal relayed by the Maritime Rescue Coordination Center (MRCC) in Las Palmas. A rubber boat carrying approximately 53 individuals was reported to be in danger at position LAT 28°48.7’N, LONG 011°55.6’W. The call triggered an immediate and coordinated response from the vessel’s crew, led by Captain Raffat. Within minutes, the Rukbat Star, a Shal low Draft General Cargo vessel, altered its course to the coordinates provided. This decision marked the beginning of a high-stakes search and rescue operation in the open sea. By 02:20 LT, the vessel had located the distressed rubber boat approximately 1 nautical mile from its initial reported position. The situation was dire: the small craft was overcrowded, with 53 individuals clinging to hope in the cold night air. Capt Rafat’s and crew’s efforts were guided not only by operational expertise but also by a profound sense of duty. As each individual was brought aboard, they were given immediate assistance, including blankets, water, and medical attention where needed. Despite the challenges of conducting such a rescue in the early hours of the morning, the operation proceeded smoothly and efficiently. By 05:35 LT, the Moroccan Royal Navy vessel 203 had arrived on the scene to facilitate the next stage of the operation. Over the next two hours, the rescued individuals were carefully transferred to the navy ship in small groups, ensuring their safety and comfort. By 08:00 LT, all 53 individuals were safely aboard the Royal Navy vessel, marking the successful conclusion of the rescue

A Testament to Maritime Cooperation

The success of this operation underscores the critical importance of international coordination in maritime search and rescue missions. From the initial distress signal relayed by MRCC Las Palmas to the seam less handover of rescued individuals to MRCC Rabat and the Moroccan Royal Navy, the operation highlighted the strength of collaborative efforts across jurisdictions. Captain Raffat and his crew maintained constant communication with both MRCCs, adhering to instructions and providing updates at every stage. This cooperation ensured that the rescue was conducted with maximum efficiency and that the individuals in distress received timely assistance. It also reinforced the shared commitment of maritime authorities and operators to the safety of life at sea—a principle enshrined in international maritime law.

Recognition and Reflection

The heroic actions of the MV Rukbat Star crew have garnered widespread praise from all corners of the maritime community. In a formal letter, the ship’s owners lauded Capt Rafat and the crew for their bravery and professionalism, describing the operation as a shining example of the values that define the maritime profession. “We are immensely proud of our crew’s quick thinking, dedication, and adherence to the highest standards of safety,” the letter read. “Their actions are a testament to the spirit of humanity that drives all seafarers.

The charterers of the vessel, Marsa Maroc, and the agency HAMAG also ex pressed their gratitude, emphasizing the humanitarian significance of the rescue. “This act expresses solidarity and cooperation regardless of differences in race,” their statement noted. “It reflects the high spirit of humanity possessed by the crew and the vessel’s owners.” Such recognition is well-deserved. The crew’s actions not only saved lives but also upheld the proud tradition of seafarers as guardians of the ocean. For centuries, the maritime profession has been bound by an unspoken code: to offer assistance to those in need, regardless of the cost or inconvenience. The MV Rukbat Star has now joined the ranks of countless vessels that have honored this code, standing as a beacon of hope and humanity in the vast expanse of the sea. In recognition of the crew’s extraordinary efforts, the Panama Flag awarded the Management Company and the vessel on 16.01.2025 at the premises of the Management Company. Additionally, the Propeller Club, to which the Management Company is a member, has informed the United States Coast Guard (USCG) about the incident, further highlighting the significance of this heroic act.

A Broader Perspective

The rescue conducted by the MV Rukbat Star is a re minder of the ongoing humanitarian challenges faced by those at sea. Whether fleeing conflict, seeking better opportunities, or simply caught in misfortune, countless individuals find themselves in perilous conditions on the world’s oceans. The responsibility of seafarers to offer assistance in such situations is more critical than ever. As we look to the future, it is essential to continue sup porting the maritime community in their efforts to up hold the safety of life at sea. This includes investing in training, enhancing safety equipment, and fostering international cooperation. It also means recognizing and celebrating the heroic actions of seafarers like the crew of the MV Rukbat Star, whose courage and humanity make a tangible difference in the lives of others.

Conclusion

The events of December 28, 2024, will forever be etched in the history of the MV Rukbat Star. In a moment of crisis, the vessel’s crew rose to the occasion, embodying the highest ideals of the maritime profession. Their actions saved 53 lives and reaffirmed the enduring values of compassion, solidarity, and professionalism that define seafarers around the world. As the maritime community reflects on this remarkable rescue, it serves as both a source of inspiration and a call to action. Let us continue to support and celebrate the unsung heroes of the sea, ensuring that their bravery and dedication remain a cornerstone of our shared maritime heritage.

Fair winds and following seas to all who sail in service of others. 

Image 1: Katerina Kardaris (Vice President Atlantides Group), George Kardaris (Vice President Atlantides Group), Ioannis Kardaris (CEO Atlantides Group), Julie Lymberopulos Karnakis (Ambassador and General Consul of Panama in Greece), Eleni Kyriakopoulou-Kardari & Eng. Jose Demostenes Racine, Panama Flag Administration 

Image 2: Ambassador and General Consul of Panama in Greece Mrs. Julie Lymperopulos Karnakis, Ioannis Kardaris Ceo of Company Atlantides Group & George Mpoukaouris Legal Department Atlantides Group 

Image 3: Ioannis Kardaris (CEO Atlantides Group), Katerina Kardaris (Vice President Atlantides Group), George Kardaris (Vice President Atlantides Group) & Eleni Kyriakopoulou-Kardari 

Image 4: Ioannis Kardaris (CEO Atlantides Group)

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Seanergy Maritime Holdings Corp has entered into two definitive agreements with unaffiliated third parties in Japan for (i) the purchase of a Japanese-built Newcastlemax vessel and (ii) a bareboat charter with a purchase obligation for one Japanese-built Capesize vessel. The total acquisition cost is approximately $69.0 million.

Acquisition of a Japanese Newcastlemax Vessel

The Newcastlemax was built in 2013 at Imabari Shipbuilding Co., Ltd., Saijo Shipyard, a reputable Japanese shipyard, and has a cargo-carrying capacity of approximately 207,851 deadweight tons ("dwt"). The vessel will be renamed “Meiship” and is expected to be delivered within the first quarter of 2025, subject to customary closing conditions.

Acquisition of a Japanese Capesize Vessel through Bareboat Charter Agreement

The Capesize was built in 2011 at Mitsui SB and has a capacity of 178,459 dwt. Pursuant to the terms of the 6-month bareboat charter with an unaffiliated third party in Japan, Seanergy has advanced a down payment of $4.0 million and will pay an additional $4.0 million upon delivery of the vessel to the Company, as well as a daily bareboat rate of $9,750 over the charter period. The vessel will be renamed “Blueship” and is expected to be delivered within the first quarter of 2025. At the end of the 6-month bareboat period, Seanergy has an obligation to purchase the vessel for $22.5 million. The purchase price for the two vessels is expected to be funded with a combination of cash on hand and proceeds from credit facilities the Company will seek to enter into.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We are pleased to announce the addition of two high-quality Japanese vessels to Seanergy’s fleet, which will integrate perfectly with our existing pure-play Capesize fleet. These transactions mark a significant milestone in the Company’s strategic fleet expansion strategy, which is designed to strengthen our position within the industry. With a fully delivered fleet of 21 vessels and 3.8 million dwt, we are advancing our competitive edge through disciplined growth, in alignment with our focused capital allocation strategy. "We expect these acquisitions to further enhance our operational capabilities while reinforcing our commitment to delivering consistent shareholder returns. We believe that the deliveries of the two new vessels are well-timed, based on the higher level of the freight futures for the second half of 2025. "Despite the seasonal weakness, we remain confident in the long-term outlook of the Capesize sector, driven by favorable market fundamentals, a limited newbuilding orderbook, and what seems to be a sustained global demand for major raw materials.”

Seanergy Maritime Holdings Corp. is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The Company's operating fleet consists of 19 Capesize vessels (1 Newcastlemax and 18 Capesize) with an average age of 13.8 years and aggregate cargo carrying capacity of approximately 3,417,608 dwt. Upon completion of the aforementioned transactions, the Company's operating fleet will consist of 21 vessels (2 Newcastlemax and 19 Capesize), with an aggregate cargo carrying capacity of 3,803,918 dwt.

image: Stamatis Tsantanis, Chairman & Chief Executive Officer of Seanergy Maritime Holdings Corp.

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On Monday, January 27th, The Propeller Club Port of Piraeus held its traditional Pitta-cutting event, at the Grand Ballroom of the Hotel Grande Bretagne, where they had the pleasure of welcoming 400 Members and friends of the Club. The vasilopita was blessed by His Grace, Bishop of Salona, Mr. Ignatios.

The evening’s highlights included a heartfelt recognition of the nine past Presidents, in honour of their invaluable contributions, along with a special award of recognition presented to Daisy Andrianopoulou, Head of Protocol Office, in appreciation of her remarkable 39 years of service at the American Embassy and her long and exceptional cooperation with the Club.

The students of Pierce College added a wonderful energy to the evening with their vibrant performances of traditional Greek dances.

The event held special meaning to the Club, as this year marks the 90th anniversary of our continuous presence and impact to the shipping industry and Greek society.

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Dynamic Group of Companies, a pioneer in repair and maintenance services for maritime and heavy industries, has partnered with the Green Award Foundation as an official incentive provider. This strategic collaboration reflects Dynamic's continued commitment to supporting excellence and sustainability in the maritime industry.

Dynamic Group of Companies has a legacy spanning over 35 years, built on professionalism, superior quality of work, and transparency. Known for pioneering industry standards, Dynamic provides a comprehensive portfolio of services, including ship repairs, shipbuilding, industrial scaffolding, and turnkey solutions, earning the trust of clients worldwide.

As an incentive provider, Dynamic Group of Companies will offer significant discounts to Green Award certified vessels across various services, including:

• Dynamic General Ship Repairs & Shipbuilding (Greece) – 17% discount
• Dynamic General Ship Repairs & Shipbuilding (Europe) – 15% discount
• Dynamic UHPWJ and Painting Works (Greece & Europe) – 12% discount
• Dynamic Scaffolding Works (Greece & Europe) – 16% discount
• Dynamic Cleaning Works (Greece & Europe) – 17% discount
• Dynamic Turnkey Solutions for Ship Repairs (Greece & Europe) – 14% discount

Capt. Dimitrios Mattheou, Chairman of Green Award Foundation, shares “I am delighted to see the inclusion of Dynamic Group of Companies in the Green Award program. Our mission is to advance ESG and sustainable development practices within the industry and by partnering with organizations like Dynamic, we foster a stronger network of environmentally conscious and responsible shipping stakeholders.

“Joining the Green Award Foundation as an incentive provider demonstrates our unwavering commitment to sustainable practices and industry leadership” said Capt. Yannis Nikolitsis, Chief Executive Officer of Dynamic Group of Companies. “This partnership enables us to further support Green Award-certified vessels and contribute to the broader movement toward environmental responsibility and operational efficiency.”

Jan Fransen, Executive Director of Green Award Foundation also expresses that “proper maintenance of vessels is crucial to all aspect of operations. It positively affects environmental performance, increases reliability and enhances safe opera

tions resulting in more efficient throughput of cargoes in the logistic chain.”

About Dynamic Group of Companies

Dynamic Group of Companies is a trusted provider of marine and industrial services, with a proven track record of over 35 years in the maritime and heavy industries. Based in Greece, the company has established itself as a leader in ship repairs, shipbuilding, and industrial services, known for its high-quality workmanship, integrity, and commitment to customer satisfaction. With operations across Greece and Europe, Dynamic continues to set new industry standards while maintaining a focus on innovation and professionalism.

About Green Award Foundation

For over 30 years, Green Award Foundation has been dedicated to promoting sustainable and safe shipping. It works with seagoing ship operators, inland navigation operators, ports, governments, suppliers and service providers on a non-profit basis. Green Award's programme includes standard setting, audit/inspections, certification and rewards. Over 200 parties provide financial incentives / discounts to ships with a Green Award certificate. The Foundation started in 1994 for seagoing vessels and in 2011 opened to inland shipping. The organisation is governed by an independent board of respected industry professionals. Its operations align with 13 United Nations' Sustainable Development Goals (UN SDGs) and support Environmental, Societal and Governance (ESG) policies on around 60 shipping related topics globally.

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This year’s Induction Ceremony for the The Greek Shipping Hall of Fame will take place on the evening of Monday 12 May 2025 at Megaron, The Athens Concert Hall.   

Greek shipping’s most prestigious annual dinner event is again expected to attract a capacity audience of more than 550 guests.  Leading personalities of the Greek shipping world and their international partners can look forward to an exceptional evening celebrating the industry’s leadership, history, and culture. 

Caroline Lowry, Director of Phoebe Media & Events Ltd, the exclusive event organiser, comments: “This year’s Induction Ceremony & Dinner reaches a special milestone as it will be the Greek Shipping Hall of Fame’s 10th consecutive annual induction ceremony in Athens!  We look forward to welcoming event sponsors and their guests on this very special occasion to honour many of Greek shipping’s most historic personalities and to unveil the latest Inductees to the Hall of Fame – the 2024 Inductees.”

A donation from the event proceeds will again be made to Greek children’s charities.

The Greek Shipping Hall of Fame thanks event sponsors confirmed so far:  

ABS, IRI/The Marshall Islands Registry and Shanghai Waigaoqiao Shipbuilding Co. as Co-Lead Sponsors of the Induction Ceremony & Dinner 2025. 

Christopher J. Wiernicki, ABS Chairman and CEO comments: “The characteristics of the Greek shipping industry – resilience, innovation and entrepreneurial genius – are the very same characteristics exhibited by the members of the Hall of Fame. And so, this celebration of their achievements is a celebration of the entire industry and its remarkable story of success in the face of adversity. As a long-standing partner to Greek shipping, ABS is proud to honour these visionaries and by extension the entire industry.”

Theo Xenakoudis, Director Worldwide Business Operations and Managing Director Greece, International Registries Inc. comments: “International Registries, Inc. (IRI) and the Marshall Islands Registry are proud to continue our support of the Greek Shipping Hall of Fame for an eighth year. We look forward to recognising the profound impact this year’s honourees have left on the world-leading Greek fleet.” 

Wang Qi, Chairman of Shanghai Waigaoqiao Shipbuilding, comments: “SWS takes immense pride in its deep-rooted and enduring partnership with the Greek shipping industry. 2024 marked a significant milestone for SWS, as we achieved 100 million dwt of vessels delivered in the past 25 years. Our vessels, built for Greek shipowners, have contributed to the global maritime community, enhancing the fleet’s diversity and integration. As we continue our journey, we are honoured to extend our support to the Greek Shipping Hall of Fame as a Co Lead Sponsor once again. We draw continuous inspiration from the ambition and drive demonstrated by the Inductees, and we eagerly anticipate joining our Hellenic friends in May to celebrate this truly unique event.”

Premium Sponsors confirmed to date are Ascenz Marorka, Cayman Islands Shipping Registry, Citi Private Bank, Moore Greece, OceanScore, Optima Shipping Services and PPG.    

Standard sponsors so far include, China Classification Society, Columbia Shipmanagement, EDIT Automation, Franman, Isle of Man Ship Registry, KPMG, Kyvernitis Travel, Lloyd’s Register, Marichem Marigases Worldwide, Marine Support, Monjasa, Polygreen and SiriusPoint.

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The Greek Shipping Hall of Fame resides at www.greekshippinghalloffame.org

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The President of the Republic of Panama José Raúl Mulino made the below statement stating the official position of the Republic of Panama regarding the recent remarks concerning the Panama Canal.

“On behalf of the Republic of Panama and its people, I must categorically reject the remarks made by President Donald Trump regarding Panama and its Canal during his inaugural address. I reiterate what I expressed in my address to the nation on December 22: the Canal is and will continue to be Panama’s, and its administration will remain under Panamanian control, respecting its permanent neutrality. There is no presence of a foreign nation that interferes with our administration.

The Canal was not a concession from anyone. It is the result of generational struggles that culminated in 1999 through the Torrijos-Carter Treaty. For the past 25 uninterrupted years, we have administered and expanded it responsibly to serve the world and its commerce, including the United States.

We will exercise our rights underpinned by the legal foundation of the Treaty, the dignity that sets us apart, and the strength granted to us by International Law as the ideal framework for managing relations between nations—especially allied and friendly nations, as demonstrated by history and our interactions with the United States. Dialogue is always the path to clarify the aforementioned points without undermining our rights, our total sovereignty, and ownership of our Canal”.

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CCS set up an office in Piraeus the same year in 1999 when XRTC Business Consultants was established.

The managing director of CCS in Piraeus Wang Baochun said that CCS is the number 5 greatest classification society in the world with 200 m gross tonnage in its class.

In Greece has a strong market share providing quality classification and certification services to Greek Shipping companies.

The event honored with its presence Ambassador of People’s Republic of China Mr Fang Qiu and Mr George Alexandratos new president of the Hellenic Shipping Chamber.

In his address Mr George Xiradakis managing director of XRTC told that China is the number 1 trading nation as the 2/3 of the world’s container trade is transported by Chinese ports.

Chinese leads also in financing, shipbuilding and crew sectors.

In view of the above developments XRTC has established strong partnerships with Chinese financial institutions for almost two decades providing a platform of supporting the Greek shipping with reliable funding and first class financial services.

The ambassador in his speech expressed his appreciation to the Greek shipping community for its achievements and aspirations.

China and Greece share similar philosophy and mindset. He also congratulated Greece the economic recovery of the last years and reaffirmed the China will continue to support the mutual strategic cooperation with Greece.

This cooperation has flourished in all business sectors including shipping and financial services.

China also promotes the growth of green energy and works for the stability of global trade. It must be also noticed that the year of snake in China symbolizes the values of Wisdom resilience and luck.

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Following his father Spyros tradition, George Alexandratos was elected as the new president of the Hellenic Chamber of Shipping (HCC), during the meeting of the HCC board of directors and following the resignation, for personal reasons, of Dr. George Pateras.

George Gabriel was elected as vice president, while Antonia Loudarou became a new member of the board of directors.

George Zafeiroudis is a new member of the board of directors in the first category of ships.

George Sp. Alexandratos was born in Athens in 1973. He had studied at Moraitis School and graduated with a Bsc in shipping business from Plymouth University and Msc in Maritime Policy from Cardiff University. He is the director of Apollonia Lines SA which was founded in 1974 from his father Spyros who unfortunately passed away in September 2004 and that time his father apart being the founder of Apollonia Lines was also the president of the Hellenic Chamber of Shipping. In 2013 he established together with co-partners the shipping fund called Blue water Maritime Capital targeting to invest in dry bulk shipping.

George Alexandratos is General Secretariat of Hellenic ShortSea Shipowners Association since February 2012 whilst during the period from Feb 2009-2012 he was the second vice president. Also he is in the bod at Korea registry and president of the Piraeus Marine Club. Since February 2014 he is the President of the Hellenic Hull Mutual

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Capital Group and FORCE Technology proceeded to a partnership to create Europe’s first Extended Reality (XR) Full Mission Bridge simulator. This groundbreaking initiative represents a major advancement in maritime training, combining cutting-edge technology with decades of expertise. The simulator will be housed at Capital Group’s state-of-the-art training facility at the port of Chios Island, Greece, which is slated to open in 2025. Designed to enhance seafarers’ skills, this modern center of excellence reinforces Capital Group’s dedication to innovation, sustainability, and maritime leadership.

“This project underscores our steadfast dedication to driving innovation and excellence in maritime training, with a strong focus on safe and sustainable operations,” said Panagiotis Drosos, Chief Operations Officer of Capital Ship Management Corp. “By embracing cutting- edge XR technology, we are empowering our seafarers to meet the dynamic challenges of the maritime industry, while reinforcing Greece’s position as a leader on the global maritime stage.”

Leveraging over 50 years of FORCE Technology’s expertise in simulation systems, the training equipment incorporates advanced XR headsets with features like eye tracking to deliver focused, efficient, and highly realistic training.

“Our new SimFlex simulator sets a new benchmark for operational training,” said Stelios Koukouvios, Global Business Development Manager at FORCE Technology. “By embedding real vessel equipment into a virtual bridge environment, we provide an unmatched experience of precision and immersion. This technology also enables global teams to train together in shared scenarios, unlocking exciting possibilities for collaboration.”

The system’s design features a fully green-screened environment, integrating real bridge equipment supplied by FURUNO Hellas S.A —such as the latest models of ECDIS (FMD- 3005), Autopilot (FAP-3000) and Chart Radar systems (FAR-3xx5) —with a high-fidelity virtual landscape. This seamless integration creates a realistic and immersive training experience.

In addition to its technical innovations, the XR simulator minimizes environmental impact by reducing energy consumption and the need for travel. It offers flexible remote training options, thus reshaping maritime training and aligning technological innovation with sustainability and global connectivity.

About Capital Ship Management Corp.

Capital Ship Management Corp. is currently operating a fleet of 36 tankers (13 VLCCs, 10 Aframaxes, 7 MR/Handy product tankers) with a total dwt of 6.44 million tons approx. Capital has extensive experience in managing various vessel types and sizes including all tanker segments (VLCC, Suezmax, Aframax/LR2, Panamax/LR1, MR/Handy, and small tankers), dry bulk segments (Cape, Panamax, Handymax and Handy), as well as OBOs and containers. It is affiliated with Capital Group which currently controls 142 vessels, including 20 LNG Carriers, 2 VLACs/VLGCs, 8 MGCs, 4 LCO2 Carriers, 37 Tankers, 20 PSVs, 12 Bulk Carriers, and 39 Containers with a total dwt of 13.2 million tons. The Capital Group fleet under management includes vessels of Nasdaq- listed Capital Clean Energy Carriers Corp.

About FORCE Technology

FORCE Technology helps companies become technological and sustainable frontrunners for the benefit of society. FORCE Technology is a technology consultancy and service company that strives to create positive technological change and make the world more sustainable and safer. As a Research and Technology organization, 100% of FORCE Technology profits are reinvested in the company for the benefit of society. Each year, thousands of customers entrust us with their products, materials, structures, largest potentials, or worst challenges since we create security and value based on impartiality, confidentiality, and knowledge.

About FURUNO ELECTRIC Co.

With its HQ based in Japan, established in 1948, Furuno became synonymous with top quality products for professional marine electronics, used by thousands of seafarers, ensuring safe, secure, and comfortable navigation at sea. Thanks to its Global Service Network which includes 38x own subsidiaries, Furuno provides unmatched pre & after sales support, focusing on a pure customer centric approach, resulting in 257xNMEA Awards and being included in the “100Global Niche Top Companies selection”. Furuno is always at the forefront to deliver scalable, best-in-class training solutions, by meeting current and forecoming challenges through its own resources and synergies with 3rd parties to deliver Value to the end customers.

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