Data-driven insight and technology will play an increasing role in compliant sailings but investment in these tools and equipment must be distributed across stakeholders.

Shipping must be open to sharing the risks associated with emissions reduction to enable the uptake of energy savings devices and technologies (ESDs/ESTs) and digital applications. The responsibility of investing in and driving the uptake of new solutions must be borne by all relevant stakeholders and not sit solely with the shipowner.

This extends not only to financial exposure, but also new vessel design and data sharing, delegates from the Greek shipping community learned at a Lloyd’s Register (LR) event on 5 December. When major change is introduced on a ship, there are numerous aspects to consider by all stakeholders involved which all add risk. Energy producers, the energy consumers, the associated supply chains, and the investors, insurers, regulators, class societies and governments – all have critical, but different and highly inter-related roles to play within the transition.

The Athens event, Powering Progress: Innovation and Energy in Maritime, was an opportunity for shipping companies to consider how the industry must evolve, and how relationships between stakeholders should be re-evaluated, to develop a compliant and commercially attractive fleet that is ready for 2030 and beyond.

Anthi Miliou, LR’s Global Maritime Commercial Director, was joined on stage by Konstantinos Petropoulos, General Manager, Head of Shipping & Structured Finance at Piraeus Bank, Fotis Belexis, Technical Director of Starbulk Carriers, and Zafiris Rokidis, Rear Admiral, Director General Directorate for Ships’ Control, Hellenic Coast Guard who discussed risk sharing across stakeholders for complex capital investments. 

Belexis pointed out that as existing vessels age, they cannot be replaced by newbuilds as there is insufficient global shipbuilding capacity to replenish the fleet with newer tonnage. Older vessels may therefore remain in the market for longer than expected and not depreciate in value as has been the case in the past. Banks and other lenders must realise this and adjust their depreciation and lending models to suit when ship owners want to finance retrofits of ESDs on their older ships, he said. 

Highlighting the significant challenge of the human element in relation to training and skills for new fuels and ESDs,  Belexis emphasized the important role of green corridors and clusters to foster synergies between stakeholders. Rokidis supported this statement, commenting that open communication with all involved stakeholders is critical if the industry is to achieve low or zero emissions.

From a finance perspective, companies’ sustainability plans will come under increasing scrutiny when seeking finance said Petropoulos, and the risks associated with green transition and how such risks are managed and shared among various stakeholders, will impact credit decisions.   

Delegates also considered the additional dynamic of carbon pricing and what it is going to cost them. These additional costs shift decision making and influence how Return on Investment (ROI), CAPEX (Capital) and OPEX (Operational) Expenditure are calculated. Performance and voyage management software, driven by high quality data, will become fundamental to understanding this, bringing clarity to how ships are operated, from their exposure to financial risk with EUAs under EU ETS to ship and fleet pooling arrangements in FuelEU, delegates learned. 

Data-driven scenario planning will also verify savings gained through ESDs, to inform charter party agreements and capital investment of expensive technologies. Sharing data within key stakeholder groups will be fundamental to determine and assess ROI and attract financing. 

David Lloyd, Director, Energy Transition at LR, said: “Smart vessel operation and well-informed, data-led investment decisions can significantly support vessel compliance. What’s more, investments don’t have to be extensive to achieve results. Whilst uncertainties around bigger challenges such as alternative fuels and future requirements are resolved, ESDs and digital solutions can support the commercial viability of vessels as we approach 2030 with often surprisingly low levels of investment. But these investments should be shared across all stakeholders and not be limited to owners and financiers.” 

Elina Papageorgiou, Global Strategic Growth Director and VP Greece and Cyprus at LR, said: “We are in a new era of shipping that comes with a different set of rules,  including shipping companies’ approach risk and risk sharing. Longer-term investment decisions should also be informed by the decisions of shipping’s clients’, clients – the cargo owners – and align with their emissions reduction ambitions.”  

The room agreed that energy saving devices (ESDs), such as WAPS, digital solutions and smart operations should all be considered as the in-service fleet using traditional fuels seeks to shave its fuel consumption to comply with IMO’s Carbon Intensity Indicator,  EU ETS (Emissions Trading Scheme) and FuelEU regulations – the latter will which be in effect as of 1 January 2025.  

As emissions reduction targets increase, with steeper increments than currently planned potentially being announced at the Marine Environment Protection Committee meeting in May next year, data-led insight and scenario planning will become more important to understand where efficiencies can be gained.

Image: Elina Papageorgiou, LR’s Global Strategic Growth Director and VP Greece and Cyprus on stage at the event

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With Christmas and the New Year approaching, PPA S.A. successfully concluded its comprehensive annual social contribution program, delivering impactful initiatives to strengthen and support local communities, neighboring municipalities, children and the company’s employees.

One of the program highlights was a special event where the company distributed annual gift vouchers to children from the port municipalities. A total of 4,000 gift vouchers were delivered to the mayors of Piraeus, Perama, Keratsini-Drapetsona and Salamis by PPA’s management. An additional 1,000 gift vouchers were given to children of the Metal Workers Union of Attica and the Workers of Greece’s Ship Repair Industry. PPA S.A. also supported Union families by covering the cost of their Christmas celebration at the Stone Warehouse on its premises.

In collaboration with the Holy Metropolis of Piraeus, PPA S.A. enhanced the “love meals” program, further supporting the Metropolis’s charitable work. Additional gift vouchers were distributed to social organizations across the region.

PPA S.A. extended its commitment beyond holiday initiatives, continuing its monthly support of local social supermarkets. These contributions enable the purchase of products and food that are essential for the social supermarkets’ operation.

PPA S.A. CEO, Mr. Su Xudong, shared his wishes for a prosperous New Year filled with good health. He underscored that continuous social contribution and support remain key pillars of the company’s strategy. Reflecting these values, the company consistently implements its annual corporate responsibility program with commitment and dedication.

About PPA S.A.: Piraeus Port Authority SA is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.

Image: From left to right: Mr. Panagiotis Mavreas, Deputy Mayor of the Municipality of Perama, Mr. Konstantinos Tsefalas, Secretary General of the Municipality of Keratsini-Drapetsona, Ms. Kaliotsou Giouli, Deputy Mayor of the Municipality of Salamina, Mr. George Panagopoulos, Mayor of Salamina, Mr. Yiannis Moralis, Mayor of Piraeus, Mr. Angelos Karakostas, Deputy CEO of PPA S.A. and Mr. Giannis Lagoudakos, Mayor of Perama.

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Metis, a leader in digital solutions for fleet performance management, and Nereus Digital Bunkers, a maritime software company specialising in marine fuels have entered into a strategic cooperation which aims to revolutionise bunkering operations through data-driven insights and streamlined processes.

By combining the strengths of both companies, this collaboration leverages cloud-to-cloud integration for seamless data exchange, delivering two unique services to support the optimal management and execution of bunkering processes. The Metis platform will provide detailed bunkering information by port—including indicative pricing, pricing trends, fuel quality reports, bunker delivery delays, and vendor performance ratings. This enables ship operators to access vital market data alongside fleet performance metrics. Meanwhile, the Nereus platform will benefit from real customer demand-driven inquiries during the voyage planning stage.

“The synergy between Nereus’s expertise in marine fuel management and Metis’s comprehensive performance insights marks a new chapter for maritime operational efficiency,” said Nikolas Gkikas, Founder - CEO, Nereus Digital Bunkers. “This is a collaboration which will drive greater value for the shipping community.”
“This partnership reflects our commitment to delivering holistic solutions that integrate diverse data sources for smarter decision-making,” commented Panos Theodossopoulos, Chief Executive Officer, Metis. “It also underscores the vision we share with Nereus to empower the maritime sector with innovative tools that foster sustainability, efficiency, and transparency by providing actionable insights to optimise operations.”

About Metis

Metis is a leading, telemetry-first, fleet performance management company. Delivering transparent and forward-looking digital solutions, Metis enables people and organizations in the maritime industry to expand their capabilities, adapt to changing environments and embrace opportunities with a creative mindset. Established in 2016 with its headquarters in Athens, and with a subsidiary office in Singapore, Metis is part of a maritime-focused, sustainable solutions group owned by ERMA FIRST.

www.metis.tech 
About Nereus Digital Bunkers

Nereus Digital Bunkers is a Greek company with the goal of transforming the marine fuel industry through digital innovation. Its flagship SaaS platform, NEREUS, is designed to streamline and optimize the bunker purchasing process for maritime stakeholders, providing them with advanced tools and real-time data access across more than 200 ports. The platform serves as a comprehensive market research tool, enabling users to monitor fuel prices and market trends, optimizing procurement decisions with precision.

www.nereus.tech

image: Nikolas Gkikas, Founder - CEO, Nereus Digital Bunkers and Panos Theodossopoulos, Chief Executive Officer, Metis

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Five international shipping companies have committed to deploying Orca AI’s cutting-edge automated situational-awareness platform on selected vessels. This milestone follows a strategic partnership forged earlier this year with NorthStandard, one of the world’s largest P&I clubs.

The collaboration between Orca AI and NorthStandard aims to enhance safety and operational efficiency, highlighting the shared dedication of both Orca AI and NorthStandard to innovative solutions that reduce navigational risks and safeguard vessels, crew, and cargo.

US-based Liberty Maritime and Curtin Maritime, Greece-based SeaTraders along with Singapore’s Eastern Pacific Shipping and MMSL, are the first NorthStandard members to adopt the technology. Their decision facilitates broader uptake across the maritime sector and reinforces Orca AI’s and NorthStandard’s mission to protect members’ assets and ensure the well-being of seafarers.

By implementing Orca AI’s advanced platform — which includes the SeaPod computer-vision lookout unit and the FleetView application for shore offices — these companies are poised to improve navigational safety and enhance their claims records.

“We're thrilled to welcome these established shipping companies as the latest adopters of our technology,” said Yarden Gross, CEO and Co-founder of Orca AI. “Their commitment to safety, efficiency, and reliability not only strengthens their individual operations through proactive risk management but also sets a benchmark for the broader maritime community. As the shipping industry undergoes transformational change, advanced technology is unlocking new opportunities for collaboration that benefit all stakeholders and wider society.”

About Orca AI

Orca AI is the creator of a first-of-its-kind digital watchkeeper to maximize voyage safety and operational efficiency for ships and fleets.

Powered by maritime purpose-built machine learning and computer vision technologies, the Orca AI platform empowers crew to make data-driven decisions in congested waters and in low visibility conditions. Additionally, it allows fleet managers and operators to have a better understanding of their fleets’ performance and identify unsafe or risky and inefficient behaviours easily.

In 2022, Orca AI empowered the world's first commercial autonomous voyage in partnership with Designing the Future of Full Autonomous Ships (DFFAS) and The Nippon Foundation.

Orca AI’s solution is already utilized by leading shipping companies worldwide, including Maran Tankers, MSC, SeaSpan and NYK.

Image 1: Yarden Gross, Co-founder and CEO, Orca AI (Photo: Orca AI)

Image 2: Orca AI's SeaPod Digital Watchkeeper unit 

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Some of the most prestigious and successful names in Greek shipping walked off with major awards at the 21st Lloyd’s List Greek Shipping Awards on the evening of Friday, December 6 – coincidentally St Nicholas’ Day, commemorating the patron saint of seafaring.

Dry bulk carrier owner and operator DryDel Shipping (formerly Meadway Shipping & Trading) was named Dry Cargo Company of the Year while Evangelos Marinakis’ Capital Group scooped the Tanker Company of the Year Award, primarily for its extraordinary investments in an ‘energy-transition’ fleet of gas carriers but also an ambitious construction programme for dual-fuel tankers.

Angelicoussis Group won The Sustainability Award in recognition not only of its efforts to reduce its environmental footprint through building vessels of the latest technology, but also for its gender diversity, education and personnel welfare policies. Star Bulk Carriers won the inaugural Deal of the Year Award for its merger with Eagle Bulk Shipping. The addition of the new ‘Deal of the Year’ has brought the number of competitive award categories to 19.

Personalities winning individual awards were led by Womens’ International Shipping & Trading Association President Elpi Petraki. She was named ‘Greek Shipping Personality of the Year’ for 2024, shortly after accepting the International Personality of the Year Award on behalf of its winner, International Maritime Organization (IMO) Secretary General Arsenio Dominguez. Mr Dominguez was unable to attend in person due to a busy week for the IMO in London that centred on the organisation’s Maritime Safety Committee meeting.

Themistocles Vokos, the Chairman of Posidonia Exhibitions and founder of the Seatrade Organisation, was recognised for a remarkable career with the Lloyd’s List / Propeller Club Lifetime Achievement Award.

Goldenport Group Chief Executive John Dragnis was unveiled as ‘Newsmaker of the Year’ after a period of making headlines across the tanker, dry bulk, offshore support vessel, FSRU and superyacht construction sectors. Sifis Vardinoyannis, director of bunkering company Sekavin, won the Next Generation Shipping Award.

With live music from the aptly-named Prestige Band, a popular Athens-based band that expanded for the evening into a six-piece with the addition of bass and saxophone, the event entertained an international audience of about 1,100 guests. But – as it has done throughout its two decades of history – the world’s biggest shipping awards event proved to be a platform that reflected and engaged with serious and urgent issues, too.

Accomplished young sailor Amalia Provelengiou won a special Woman of the Sea Award. As stated in the citation for the award, courage and determination are traditionally characteristics of a good sailor but Ms Provelengiou also exemplified these qualities in successfully bringing Greece’s first “MeToo” case against the sailing coach who had abused her. The Award was an expression of solidarity from Greece’s shipping industry at a time when many Greek shipping companies are attracting more women officers and more women are eyeing a maritime career. Ms Provelengiou’s story provides the basis of a brand new documentary film, ‘Tack’, directed by Vania Turner and produced by Onassis Culture. The ‘Person of the Sea Award’ is a rarely-given special award that is then personalised as either ‘Man of the Sea’ or ‘Woman of the Sea’ depending on the recipient.

The Safety Award went to EUNAVFOR Operation Aspides, the EU’s maritime security operation shielding shipping from attacks by the rebel Houthi faction in Yemen. The operation, which is of geopolitical as well as humanitarian importance, is under the leadership of Greece and headquartered in Larissa.

As ‘Ship of the Year’, the judging panel chose the FSRU “Alexandroupolis”, the converted LNG carrier that is at the heart of Gastrade’s LNG terminal in the northern Greek port of Alexandroupolis.

The Passenger Line of the Year Award was won by Variety Cruises, a Greece-based family-run boutique cruise operation that has celebrated its 75th year in 2024. In contrast to the megaships dominating today’s cruise industry, it offers life-enriching, human scale cruises that focus on respect and discovery of the cultures visited by their ships, providing travelers with authentic experiences that reflect cultural and ecological sustainability and inclusiveness, leaving a minimal footprint behind.

A highlight of the awards ceremony was the presentation of the Award for Achievement in Education or Training to the Tsakos Merchant Marine Academy, recently opened in Chios under the auspices of the Maria Tsakos Public Benefit Foundation – International Centre for Maritime Research and Tradition. The award was accepted personally by Captain Panagiotis Tsakos whose vision and determination was fulfilled by establishing what is the first non-state and non-profit academy in Greece.

Several other important awards recognised excellence and value in Greece’s maritime cluster. Neptune Maritime Leasing was voted ‘Shipping Financier of the Year’, while dry bulk chartering specialist Diamond Shipbroking was named ‘Shipbroker of the Year’.

YES Forum, a platform for connecting high-school and university students with the shipping and sea tourism industries, won the Piraeus International Centre Award. The Marine Technical Managers Association, better known as Martecma, was presented with the Technical Achievement Award. The Lloyd’s List Intelligence Big Data Award was won by Harbor Lab.

Captain Michalis Lignos and Captain Stamatis Kalfamanolis, master and reserve master of Blue Star Ferries’ ro-ro passenger ferry Blue Star Paros, were honoured as Seafarer of the Year for outstanding conduct on the night of September 18 this year in rescuing six passengers from a speedboat taking on water off the island of Paros. The rescue was completed just seconds before the small craft sank.

In a welcome address, the Minister of Shipping & Island Policy Christos Stylianides offered his congratulations to the nominees as well as the winners of the 2024 Awards. “The Lloyd’s List Greek Shipping Awards are a leading institution that recognises and rewards the excellence, innovation and contribution of all those who have made Greek shipping a world-leader,” he said.

Neptune Maritime Leasing was the overall lead sponsor of the Greek Shipping Awards once again.

Guests enjoyed a pre-dinner drinks reception hosted by Allegiant (Shipping) while CMB Financial Leasing offered the traditional champagne toast to the health of Greek shipping.

A donation from proceeds of the event went to ‘Argo’, the charity supporting children with disabilities in the families of Greek seafarers. The donation was kindly presented to Argo by Ilias Bolis, director at Allied Shipbroking, which also sponsored the Gallery of Winners, an entrance chamber chronicling past honorees of the event launched in 2004.

The annual awards recognise achievement and meritorious activity in the Greek shipping industry and promote Greece as a maritime centre. Winners are chosen by an independent panel of judges representing a broad cross-section of the Greek shipping industry.

The Greek Shipping Awards thanked all the Greek and international sponsors of the prestigious event, many of which have loyally supported the Awards for many years. This year saw the IRI / The Marshall Islands Registry complete 10 years of support for the event, a milestone recognised in the form of an honorary statuette presented to the sponsor.

Winners at a Glance

Dry Cargo Company of the Year: DryDel Shipping

Tanker Company of the Year: Capital Group

Passenger Line of the Year: Variety Cruises

Shipbroker of the Year: Diamond Shipbroking

Shipping Financier of the Year: Neptune Maritime Leasing

Technical Achievement Award: Martecma

Lloyd’s List Intelligence Big Data Award: Harbor Lab

Piraeus International Centre Award: YES Forum

The Safety Award: EUNAVFOR Operation Aspides

International Personality of the Year: Arsenio Dominguez

Achievement in Education or Training: Tsakos Merchant Marine Academy

Seafarer of the Year: Capt. Stamatis Kalfamanolis & Capt. Michael Lignos

Ship of the Year: FSRU “Alexandroupolis”

The Sustainability Award: Angelicoussis Group

Woman of the Sea: Amalia Provelengiou

Deal of the Year: Star Bulk Carriers

Next Generation Shipping Award: Sifis Vardinoyannis

Lloyd’s List/Propeller Club Lifetime Achievement Award: Themistocles Vokos

Greek Shipping Newsmaker of the Year: John Dragnis

Greek Shipping Personality of the Year: Elpi Petraki

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For 20th consecutive year, the New York Stock Exchange in cooperation with Capital Link organized a special ceremony, titled “GREEK AMERICAN ISSUER DAY» at the New York Stock Exchange – NYSE”, honoring Greece and Celebrating the Close Ties between the US, the Greek American and the Greek Business Communities, during which Greek & Greek American companies listed on the New York Stock Exchange, together with Greek Government representatives participating in the 26th Annual Capital Link Invest In Greece Forum, rang the “Closing Bell” at the New York Stock Exchange.

The «GREEK AMERICAN ISSUER DAY» was organized within the context of the 26th Annual Capital Link Invest in Greece Forum Series titled “Greece - Speeding Ahead Post Investment Upgrade” that had took place the previous day. The Forum was held with great success, on Monday, December 9, 2024 in New York, in cooperation with the New York Stock Exchange, the Athens Exchange Group (ATHEX Group), and major Global Investment Banks & Organizations. It attracted over 1,000 delegates.

The New York Stock Exchange (NYSE) flew the Greek flag on Wall Street alongside the US flag, which was a moment of pride for the Greek Government Delegation and high-level executives representing shipping and other companies listed on the New York Stock Exchange, as well as representatives of companies that participated in the Invest in Greece Forum the previous day, on December 9.

The active support and participation of NYSE, the world’s largest stock exchange, enhances the prestige and the visibility of Greece to a wider international investment audience. It also shows the stable support of NYSE to Greece, the Greek companies, the Greek shipping industry and the Greek American Diaspora. The US Capital Markets are a major source of capital for a growing number of companies of Greek interest and the New York Stock Exchange is playing a leading role in this.

Ms. Tara Dziedzic, Head of US Listings at NYSE, welcomed the Greek Delegation and the NYSE listed companies. She highlighted the long-standing relationship between the New York Stock Exchange and the Greek and Greek American business communities, and also pointed out that NYSE’s commitment to the Greek American diaspora, the Greek shipping and business community and the listed companies, remains strong.

Following Ms. Dziedzic’s remarks, Dr. Nikolas P. Tsakos, Founder, President & CEO, TEN Ltd. (NYSE: TEN), and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, each delivered brief remarks in honor of the day. They referred to the increasing attractiveness of Greece as a business and investment destination, the internationalization of Greek businesses, the close relations between the United States and Greece across the board and also thanked the New York Stock Exchange for the long-standing cooperation and support and for hosting today’s event.

Minister Staikouras reminded that when he first participated in this event in 2019 ringing the Closing Bell, he had mentioned: “Greece is Coming Back”. Today, he can say “Greece is Back” and he reiterated the Greek Prime Minister’s message delivered at the Capital Link Forum the day before that “the Best is Still to Come”.

Dr. Tsakos highlighted the 22+-year journey of TEN as a NYSE listed company and emphasized the critical role of Greek shipping in global commerce and trade and the global supply chain.

Prior to the closing bell ceremony, an exchange of commemorative gifts took place between Ms. Tara Dziedzic, Head of US Listings - NYSE, Dr. Nikolas P. Tsakos, Founder, President & CEO, TEN Ltd. (NYSE: TEN) and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, former Minister of Finance.

H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, having very recently officially inaugurated with Prime Minister Kyriakos Mitsotakis the underground metro system in the Greek city of Thessaloniki, the “Thessaloniki Metro”, presented to Ms. Tata Dziedzic a commemorative plaque with the Thessaloniki Metro logo (limited edition).

CAPITAL LINK Commemorative plaque to NYSE with the occasion of the 20^th Greek-American Issuer day

Mr. Nicolas Bornozis, President of Capital Link presented to Ms. Tara Dziedzic a special commemorative plaque in appreciation and recognition of NYSE’s more than two decades of support to Greece, Greek Entrepreneurs, the Greek Maritime Community and the Greek- American Diaspora, fostering growth, collaboration and friendship.

This special ceremony, “GREEK AMERICAN ISSUER DAY” AT NYSE has been taking place for 20 years in a row. 

Ringing the Closing Bell

Dr. Nikolas P. Tsakos, Founder & CEO of TEN Ltd. (NYSE:TEN), and H.E. Christos Staikouras, Greek Minister of Infrastructure and Transport, rang the “Closing Bell”, closing the trading session on Tuesday, December 10th, 2024, of the NYSE-New York Stock Exchange, accompanied by: Ms. Tara Dziedzic, Head of US Listings - NYSE, representatives of the Greek Government, H.E. Ekaterini Nassika - Ambassador of Greece to the USA, H.E. Alexandra Sdoukou, Deputy Minister of Environment & Energy, and NYSE listed companies: Mr. Panayiotis Peter Contis, Vice President Ameresco Inc. (NYSE: AMRC), Mrs. Anamaria Xenohristos, Founder of CAVA Group, Inc. (NYSE: CAVA), Mr. Ted Xenohristos, Co- Founder & Chief Concept Officer of CAVA Group, Inc. (NYSE: CAVA), Mr. Peter Hadjipateras, Chief Information, Security And Sustainability Officer- Dorian LPG (NYSE: LPG), Mr. Ted Petrone, Vice Chairman of NAVIOS MARITIME PARTNERS L.P. (NYSE:NMM), Mr. Harrys Kosmatos, Co-Chief financial Officer TEN (NYSE: TEN), Mr. Panagiotis Tsakos, Jr. TEN Ltd. as well as the organizers of the Capital Link Invest in Greece Forum, Ms. Olga Bornozi, Managing Director – Capital Link, and Mr. Nicolas Bornozis, President - Capital Link.

The event was broadcasted live on major news stations in the United States and abroad to an estimated audience of 150 million viewers worldwide.

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Bringing 40 industry-leading executives to explore the latest advancements in maritime technologies and innovation, ABS recently hosted the 13th Hellenic Technical Committee Meeting in Athens, Greece,.

Chaired by Dr. Chris Leontopoulos, ABS Vice President, Corporate Technology, Europe, the meeting featured a lineup of insightful sessions covering a wide range of topics including onboard hydrogen production, the evolving landscape for nuclear installations and nuclear-powered ships.

The meeting concluded with a discussion on the latest IACS developments, providing attendees with the opportunity to share their perspectives and insights. Reflecting on the meeting Dr. Chris Leontopoulos said “As we look into the future, it is imperative to continue investing in research and development to unlock the full potential of emerging technologies for the marine and offshore industries. Collaboration among key stakeholders is crucial in driving more efficient and sustainable marine operations”

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The event was opened by Philippe Louis-Dreyfus, Chairman of CCIFG’S Maritime Committee and Laurence Auer, H.E. Ambassador of France in Greece who they extended their appreciation and admiration to the Greek shipping industry.

Christos Stylianides, Minister of Maritime Affairs and Insular Policy also addressed the event and pointed out that the Greek government follows a strategy of compliance to IMO carbon emissions rules.

Mr. Philippe Louis-Dreyfus, Chairman of Louis-Dreyfus Armateurs was the keynote speaker of the forum. He expressed his confidence that we can turn the decarbonization challenge into an opportunity.

The conference included two distinguished discussion panels regarding the Greek shipbuilding industry and the decarbonization path of shipping.

The first panel consisted of the following speakers: Panos Xenokostas, President & CEO, ONEX Shipyards & Technologies, President of B.o.D., Hellenic Shipyards Association, Miltiadis Varvitsiotis, CEO Skaramangas Shipyards, John Dragnis, CEO Goldenport Group, Farid TRAD, Vice President Bunkering & Energy Transition, CMA CGM, George XIRADAKIS, President Association of Banking & Financial Executives and moderator Yannick Le Gourieres, Managing Director, Head of Shipping & Offshore Finance-Americas Credit Agricole CIB.

The second panel discussed the issue of new fuels.

The introductory comments were made by Vassilios DIMOULAS, Technology & Innovation Director, Bureau Veritas Group, who presented “BUREAU VERITAS WHITE PAPER”.

The panel included the following speakers: Eirini Arvanitaki, Managing Director Vessel Performance Solution, Constantinos Capetanakis Bunker Director Star Bulk, George Perantzakis, Technical Manager Dynacom Tankers Management Ltd., Kostas Polydakis, CEO - MM MARINE Inc., Mercuria Energy Group, Katerina Prifti, Head of HSQE and DPA Laskaridis Shipping CO LTD and Moderated by Paillette Palaiologou, Senior Vice President BV M&O Division, East Europe, Mediterranean Sea, Middle East, Africa and India (EMA), Bureau Veritas Group.

Pierre LEONIDAS, Head of Legal and Institutional Affairs, French Maritime Cluster and Ιoannis TRICARDOS, President CCI France Greece presented the conclusion of the forum.

Speakers marked that regulations must be proved an opportunity for shipping.

However, the shipping companies must also adopt a number of operational improvements such as high efficient hull coating, propeller ducts & fins, monitoring systems, voyage optimization, etc.

The decarbonization of the maritime sector represents tremendous challenge that will considerably transform maritime transport.

It nevertheless represents a unique opportunity through which the combination of policies, innovations and investments that can (and must) lead the maritime sector to become a key player in the fight against climate change, while opening economic opportunities for the industry.

This means strengthening cooperation between public and private players, who must explore all the solutions that already exist, while supporting the innovations of tomorrow, which together will enable us to achieve this major eco-energy transition.

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The 15th edition of Lloyd’s List’s annual ranking of the most influential people in shipping finds the industry in a state of flux.

This year’s list is still replete with the bold moves, power plays and from a list of the most important industry players.

12 Maria Angelicoussis, Angelicoussis Group

Principal and chief executive of Greece’s largest shipping group is writing new chapters of her own into an illustrious family history

Spectacular move into shuttle tankers puts financial clout and vision of the major shipowner on display

16 Evangelos Marinakis, Capital Group

Mercurial Greek owner has a bold longer-term vision, yet remains a pragmatic deal-maker

Flagship publicly listed company led by Marinakis has been rebranded Capital Clean Energy Carriers and is on track to become the largest US-listed energy transition fleet

17 Magda Kopczynska, Kurt Vandenberghe and Fotini Ioannidou, European Commission

Europe is preparing to splash the cash to boost its growth — and shipping wants in

Shipping groups will make the case to a new European Commission that spending to create a local green fuels industry is the right way forward for the bloc, the industry and the planet

20 George Prokopiou, Dynacom/Dynagas/Sea Traders

Lest some splashy real estate purchases should sow confusion about the Greek owner’s main business focus, just take a look at the orderbook

Innovator Prokopiou has doubled down on his choice of conventional fuel for a new generation of tankers and bulkers

24 Angeliki Frangou, Navios

In the face of uncertain times, the disciplined shipowner keeps the focus on aspects that she can control

Consolidation of dry bulk, tanker and container fleets into one diversified entity allows Frangou and US-listed Navios to take advantage of market dynamics

26 Melina Travlos, Union of Greek Shipowners

Association's president is both at home on a global stage and in leading Greek shipping’s social efforts in its home country

In her first term heading the largest national shipowning association, Travlos has excelled at building industry coalitions and communicating shipping’s positive mission

33 George Economou, TMS Group

Shipowner, art collector and now tech bro looks like he’s having a lot of fun riding the waves

Economou’s TMS Group has one of the largest private newbuilding orderbooks and is looking to future-proof itself in a new energy transition partnership with Lloyd’s Register

35 Kostis Konstantakopoulos, Costamare

Chief executive is continuing to stake out a broader footprint in shipping as the Greek company turns 50

While the traditional container shipping franchise has been reliably producing strong results, Costamare has also been decisive in jumping into other sectors

37 Petros Pappas, Star Bulk Carriers

Greek shipowner has emerged as one of the few consistent consolidators in the fragmented dry bulk shipping sector

The recent merger with Eagle Bulk was a coup for Pappas and his team

49 Peter G Livanos, GasLog/DryLog/EcoLog

Shipowner with a long historical lineage has always looked well into the future to position himself

Greek owner is to the fore in exploring CO2 and hydrogen shipping but remains a force in LNG shipping and dry bulk

63 George Logothetis, Libra Group

This year marked the end of an epic containership asset play for the executive chairman

One of the greatest traps in shipping is to get greedy and try to time cycles too closely. At the Libra Group, Logothetis has thrived for decades using a counterintuitive mantra: buy cheap and sell expensive

76 Nikolas Tsakos, Tsakos Energy Navigation

Few, if any, have led a public shipping company on such an even keel for so long as this chief executive and president

By opening the country’s first private marine academy, the Tsakos family is being true to its shipping roots, but also showing how to combine doing good with being smart

83 Elpi Petraki, Enea Management/Wista

President celebrates her second year as the organisation representing women in shipping reaches its 50-year milestone

Alongside the IMO, Petraki-led Wista is running the second Women in Maritime Survey, a critical source of information on gender diversity in the industry 

87 Semiramis Paliou, Diana Shipping/Helmepa

Highly experienced owner has widened the horizons for the two publicly listed shipping companies she helms

Leadership of the shipping-linked environmental organisation Helmepa reflects Paliou’s progressive and sustainable beliefs

98 Costas Grammenos, Bayes Business School

Business school professor has guided and educated the most successful executives across the shipping industry for decades

Prof Grammenos received yet another honorary doctorate this year as he celebrated the 40th anniversary of the Costas Grammenos Centre for Shipping, Trade and Finance.

ELNAVI Newsletter  
More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
Tel.: +30 210 45.22.100, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The WISTA Hellas Gala Dinner & Awards Ceremony that took place on Monday 19^th of December at the Athens Marriott Hotel brought together members, supporters, and industry leaders for a night dedicated to excellence, inclusion, and fostering a future of opportunities for all.

Among the Highlights of the Evening WISTA Hellas proudly honored exceptional women who lead by example.

Ms. Semiramis Paliou, recipient of the Leadership Award, recognized for her impactful roles in shipping through Diana Shipping., her dedication to marine environment protection as President of HELMEPA - Hellenic Marine Environment Protection Association and INTERMEPA and her commitment to actively pursuing and supporting diversity and the empowerment of women throughout her career.

Mrs. Rodiani Giagkidou, Vice Commander and Mrs. Katerina Xanthou, Lieutenant of the Hellenic Coast Guard, celebrated for their outstanding contributions to the Coast Guard, acting as role models for young women.

The evening was more than an awards ceremony; it was a celebration of the values and commitment that drive our mission, a warm exchange of wishes for the festive season, and a reflection on the vital role WISTA Hellas plays in the Greek shipping industry.

As Mrs Vivi Kolliopoulou, president of WISTA Hellas stated: “Thank you to everyone who joined us in making this event truly memorable. Together, we continue to empower, inspire, and lead the way forward”.

ELNAVI Newsletter  
More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
Tel.: +30 210 45.22.100, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.