A large number of key players from the Greek maritime sector gathered in Athens to explore innovative solutions that support maritime climate action by the shipping industry, supported by pivotal EU regulatory measures designed to reduce greenhouse gas emissions, promote cleaner energy, and accelerate decarbonisation.
The Maritime Climate Action matchmaking event was a strategic collaboration between lomarlabs—a company focused on driving maritime innovation – and the European Innovation Council (EIC) Innovation Procurement Programme, powered by SPIN4EIC, and took place at the Old- Small Stock Exchange, hosted by the National Bank of Greece.
The EIC Innovation Procurement Programme, through its key initiative like SPIN4EIC, aims at providing support services to EIC beneficiaries, particularly SMEs and startups, to enhance their access to procurement markets across Europe and beyond.
Five EIC Beneficiary startups (bound4blue, FibriTech, OCEAN VISUALS, COLD PAD and CorPower) presented their ground-breaking technologies in a matchmaking format to prominent procurers and shipping sector representatives, following a panel discussion.
Stylianos Papageorgiou, Managing Director of lomarlabs said: “At lomarlabs we are at the forefront of innovation in the shipping industry working alongside peers to advance sustainable technologies that reduce emissions. Public-private cooperation plays a crucial role for overcoming barriers in technology development and scaling maritime innovation globally because the development of hardware technologies that combat climate change has unique financing needs that are best solved through blended finance of public-private investment. In driving mass adoption of these technologies, global maritime regulations are the great equaliser and key commercial motivator.”
The matchmaking aimed to foster networking and exchange between EIC beneficiaries and innovative procurers from the Maritime and Shipping industries. It served as an opportunity for EIC innovators to showcase their cutting-edge solutions as part of a pitch to procurers, who presented their challenges and discovered technologies that can drive the advancement of their industry.
It emphasised how sustainable practices and solutions, supported by the EU’s regulatory framework and especially the European Union’s Emissions Trading System (ETS) and FuelEU Regulations—pivotal measures designed to reduce greenhouse gas emissions, promote cleaner energy, and accelerate decarbonisation among various sectors, can transform shipping, an industry responsible for 3% of global emissions. With demand for transport set to triple by 2050, tackling these emissions is critical to global climate efforts.
Deputy Minister of Development of the Hellenic Republic, Zoe Rapti, stated during her welcome address: “As we move forward, let us embrace this opportunity to lead the transition to green shipping, ensuring that Greece remains at the heart of a more sustainable, competitive and prosperous Europe.”
In his welcoming speech, Jean-David Malo, the Director of the European Innovation Council and SMEs Executive Agency, highlighted that “EIC aims to become a Centre of Excellence on Innovation Procurement at European and global levels by supporting and enhancing the capacity of EU innovators to access procurement markets. The organization of matchmaking events is an important component of the programme, offering the opportunity to procurers of innovation to get to know cutting-edge technologies that could help them tackle challenges they are facing. This matchmaking event is taking place in an area that is key for the European economy: the Maritime and Shipping Industry. This is the first matchmaking that the EIC is organizing in this field, and it is no surprise that it takes place in Greece, a frontrunner country in shipping.”
During his video welcome, Deputy Minister of Maritime Affairs and Insular Policy of the Hellenic Republic, Stefanos Gkikas, said: “Ιf we want to make shipping’s energy transition succeed, we have to ensure the worldwide availability of safe and affordable low and zero carbon fuels. It is therefore crucial to gradually pass from the current uncertainty to a predictable environment that will guide future investments and ensure that they will reasonably pay-off”.
lomarlabs is a corporate venture lab launched by Lomar in March 2023, that provides maritime tech companies with the physical infrastructure, support, industry insight, expertise and funding αthey need to responsibly test, prove and commercialise their solutions; catalysing their entry into a market that’s rapidly evolving.
It draws on nearly five decades of operational innovation at Lomar to accelerate the deployment of deep technological solutions, with a view to solving the maritime industry’s biggest challenges. lomarlabs current catalogue of projects includes Alicia Bots, Bennu, Calcarea, CargoKite, Seabound and Turtle.
Lomar is a leading ship owner and ship management group with a diversified fleet of around 25 bulk carriers and chemical tankers. Lomar has nearly 50 years of industry expertise, its fleets having moved millions of tonnes of cargo annually.
In October 2022 Lomar continued to diversify with the acquisition of the Bremen-based Carl Büttner Holding GmbH, a 166-year-old shipowner and manager of oil product and chemical tankers, in a deal with an enterprise-value of close to US$160 million, which has since been rebranded as CB Tankers. It included the acquisition of CB Maritime in Rijeka, Croatia, a specialist crewing agency. Lomar is a maritime subsidiary of Libra Group, a privately-owned global business group that includes 20 businesses predominantly focused on aerospace, renewable energy, maritime, real estate, hospitality, and diversified industries. With subsidiaries that own and operate assets in nearly 60 countries, the Group applies the strength of its global network and capabilities to deliver cross- sector insights and growth at scale.
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.