ZeroNorth and Veracity by DNV have partnered to launch a fully integrated emissions reporting and verification service for the maritime industry. Teekay is the first customer that will be implementing the service across its fleet, following successful testing and development.

As regulatory requirements tighten, maritime operators face growing demands for emissions transparency and reporting integrity. At the same time, poor data quality remains an industry-wide challenge. The new offering combines ZeroNorth's Vessel Reporting and Emissions Analytics platform with the Veracity platform and DNV's Emissions Connect verification services to deliver an end-to-end compliance solution. The offering simplifies compliance by integrating automated data reporting with expert validation, reducing administrative burdens and improving data reliability.

A key differentiator is the multi-layered data quality feedback loop, which ensures emissions data undergoes rigorous validation at multiple stages. Verification warnings from Veracity by DNV are automatically flagged to ZeroNorth’s data quality team, which then works directly with vessel crews to resolve discrepancies before final submission to authorities. This reduces compliance risks and enhances regulatory confidence while supporting continuous monitoring of EU MRV, IMO DCS, CII ratings, EU ETS and FuelEU Maritime compliance.

Teekay, a long-standing customer of ZeroNorth, played a central role in shaping the solution by participating in early testing and providing operational feedback. Since its successful implementation with Teekay, the service has been rolled out to two additional customers, and further deployments are underway.

Commenting on the news, Anders Schulze, Chief Operations Officer at ZeroNorth, said: “The maritime industry faces growing pressure to ensure emissions data is not just reported, but verified to the highest standards. Yet fragmented systems and manual processes continue to undermine data quality and increase compliance risk. By combining ZeroNorth’s data and analytics capabilities with Veracity by DNV’s verification expertise, we are directly addressing this challenge. Our goal is to build trust in emissions data and reduce complexity for shipowners and charterers. We’re especially pleased that Teekay, a long-time partner, played a central role in shaping and validating the service.”

Mikkel Skou, Managing Director at Veracity by DNV, said: “At Veracity by DNV, the value of our ecosystem is built on strong partnerships, exemplified by our collaboration with ZeroNorth. By integrating trusted data and solutions like ZeroNorth's Vessel Reporting and Emissions Analytics platform, we create a robust network that supports collaboration and drives sustainable growth in the maritime industry. We look forward to continuing working towards our ambition to deliver trust and connectivity to the industry through this partnership with ZeroNorth.”

Mikkel Seidelin, Chief Commercial Officer at Teekay, said: “Our commitment to excellence extends beyond innovation. With our fully integrated shipping model, we derive more value from unified and deeply connected teams where all of our information, day-to-day operations, and goals, are aligned. To ensure we are maximising each department’s full potential, we closely work together as one, unified Teekay and embrace strategic partnerships that guarantee our success. Partnering with ZeroNorth improves our ability to navigate complexities seamlessly, leveraging on data and technology to optimise our performance and reduce inefficiencies. When we are equipped with verified, end-to-end data, it empowers us as owners towards seamless decision-making, resulting in real sustainable and operational target-achievements. Teekay will always seek out quality services that elevate the way we do things to fulfill our commitment to our customers, our people, and the planet.”

About ZeroNorth

ZeroNorth is a technology leader committed to accelerating the energy transition in global shipping. Founded in 2020, it has grown from being a team of six to 600 employees across 10 global locations. It is at the forefront, leveraging technology and data as enablers to drive immediate reductions in emissions — critical steps towards achieving long-term sustainability goals in the maritime industry.

In 2024, ZeroNorth optimised 72,000 voyage legs by generating 1.5 million voyages, reducing CO2 emissions by over one million metric tonnes for our customers. By combining advanced technology, expertise, and trusted data at scale, our platform analyses billions of data points to enable seamless information flow from ship to shore and throughout the entire value chain. Its platform turns insights into actions, empowering vessel owners, commercial operators, charterers, cargo owners and bunker suppliers to achieve operational, sustainable, and digital excellence while steering the maritime industry towards zero emissions.

www.zeronorth.com
About Veracity by DNV

Veracity is DNV’s independent cloud, set out to deliver trust and connectivity to industry digitalization and decarbonization. It brings together key players in the maritime and energy industries, to drive business innovation and digital transformation over a common data truth. On the Veracity Marketplace, users can browse, purchase and access relevant industry data, applications, and digital services. Today, more than 60 000 vessels are easily connected to the platform through the partner program and 300 000 users engage over Veracity, enjoying frictionless connectivity through the exchange of datasets, APIs, applications, and insights. Visit www.veracity.com to discover more. 
About Teekay

Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK), one of the world’s leading owners and operators of mid-sized crude tankers. Teekay Tankers manages and operates approximately 60 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in 8 countries and approximately 2,200 seagoing and shore-based employees, Teekay Tankers provides a comprehensive set of marine services to the world’s leading energy companies.
Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.

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The YES to SEApping Forum 2025 was held on Wednesday, May 7, 2025, in Heraklion, Crete, as part of the Posidonia SEA Tourism exhibition. The event brought together 200 young participants from various academic institutions across Crete, including the University of Crete, the Hellenic Mediterranean University, SAEK Rethymno, MBS College, the Metropolitan College, and the Merchant Marine Academy (AEN) of Chania.

Key Themes of the Forum:

- Presentation of a joint research study conducted with professionals and youth, aiming to map expectations and enhance mutual understanding.

- Discussions on career prospects in Shipping and Sea Tourism, emerging trends in ports, modern skills required by the industry, and practical advice for succeeding in a competitive professional landscape.

- Strong presence of professionals from diverse sectors and positions across the maritime industry.

Once again, the YES Forum created a platform for intergenerational dialogue, offering a unique networking environment that inspires, informs, and integrates young people into the maritime world.

Danae Bezantakou, Founder of YES Forum, stated: “It is moving and encouraging to witness the energy, thirst for knowledge, and genuine interest of young people in the regions to join the shipping family—especially considering that no one had ever introduced them to our industry before. YES Forum continues to serve as a career compass and a space for meaningful dialogue and interaction”.

YES to SEApping Events Across Crete:

- Agios Nikolaos (Saturday, May 3, 2025): Book presentation of “Towards the Sea…” onboard the vessel “Nostos”.

- Chania (Monday, May 5, 2025): YES TOUR TO SCHOOLS presentation to middle and high school students at the Chania

Chamber of Commerce, and a presentation at the Technical University of Crete (School of Production Engineering &

Management), where students learned for the first time that they could pursue careers in shipping.

- Rethymno (Tuesday, May 6, 2025): YES TOUR TO SCHOOLS presentation to students at the House of Culture, with greetings from the Deputy Mayor of Education, Lifelong Learning & Youth, Mr. Nektarios Papadogiannis. This was followed by an informative session at the University of Crete, Department of Economics.
- Heraklion (Wednesday, May 7, 2025): YES TOUR TO SCHOOLS presentation to students at the Heraklion Chamber of Commerce.
YES Forum Research Findings

“Young People & Shipping Companies: Bridging the Gap”

This study aimed to capture the views and needs of young people aged 20–33, alongside insights from shipping companies across all sectors. The results highlighted key challenges but also hopeful prospects for the future.
Youth: Willing, Worried & On Social Media

Young people want to work in shipping and see opportunities—mostly within Greece—but often hesitate, believing access depends on “connections.” The result? Low confidence and the pursuit of opportunities abroad out of necessity, even though staying in Greece is their top choice. Social media is their main source of information, yet practical knowledge of the profession is lacking. The message is clear: more mentoring, networking, and guidance is needed!
- 80% have already participated in career activities, with YES Forum’s Career Days standing out as the most effective job-seeking tool.

Companies: Ethics Yes, Experience Not Yet From the employers’ side, opinions are mixed. Half of the companies are satisfied with young professionals, while the rest express concerns. Only 3 in 10 hires involve
candidates without prior experience—immediate readiness is a must.  What companies value: ethics, professionalism,

digital skills, and language proficiency.

What’s missing: practical experience, understanding of daily life in shipping, and a “mindset gap” with Gen Z.

YES Forum: A Platform that Connects Generations

For 11 consecutive years, the YES Forum has been building bridges. It provides mentoring, knowledge, professional networking, and real engagement opportunities.

- 60% of maritime companies participate actively through panels, presentations, and internship opportunities.

- Young people see it as a confidence-building and industry-understanding tool.

- Companies view it as a platform for talent discovery and genuine connection with the next generation.

YES Forum: Not Just a Bridge. A Lever for Transformation

The YES Forum is more than a networking platform. It’s a catalyst for change, shaping the future of the maritime professional landscape with boldness, inspiration, and strategic vision.

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Article written by Gregory Spourdalakis, CSM Greece Managing Director

Demand for ship repairs in Greece is on the up as shipowners return to using their own shipyards over neighbouring countries – bringing the decline of the sector to an end says CSM Greece.

Gregory Spourdalakis, Managing Director of Columbia Shipmanagement Greece charts the rise and fall of the sector and how a resurgence in the market could be on the horizon.                                    
For many years, Greek shipowners have sent ships for repair to neighbouring countries such as Romania, Bulgaria, and Turkey, rather than using local shipyards. This was due to higher labour costs, local requirements and rigid union practices affecting projects completion time that resulted in repairs taking place in Greek Shipyards to be abandoned if not ruined. 

Business has slowly returned to Greek shipyards following the exit from the world recession and subsequently Greece from the economical crisis of 2009. More recently there has been a significant increase in business for local shipyards following years of decline with a notable shift towards improving competitiveness of the Greek ship repair market.
The revival of Greek Shipyards began during 2019 when Neorion Shipyards and Elefsis Shipyard were taken over by Onex Shipyards and Technologies. Covid-19 and travelling restrictions as well as EU increasing import demands in cargoes due to the Russian/Ukraine war resulted in higher demand of vessels in the EU. The restructuring and reopening of Skaramangas shipyard and increased activity in Chalkis have set the groundwork for the ship repair sector in Greece to grow significantly.

Additionally, inflation in Turkey, the exchange rate between USD and Turkish Lira, as well as the high prices of the EU Shipyards gave Greece a competitive advantage for ship repairs even for vessels not trading in the MED area. 
Under the administration of Prime Minister Kyriakos Mitsotakis, the Greek Government sold its stakes in Elefsis and Syros Shipyards. Restructuring of Elefsis has been officially approved and US Congress at the same time approved the financing through borrowing of USD125M enabling Onex to carry out the consolidation plan of Elefsis.
Geopolitical requirements and Greece’s geographical location, the restructuring of Greek Shipyards, competitiveness in terms of infrastructure and human resources in Pireaus, as well as increased prices in EU Shipyards and Turkey have resulted in Greece being an important contributor to the EU ship repair sector, The market has seen Neorion and Elefsis alone repairing more than 500 vessels the past five years.

With the ship repair industry in Greece boasting significant technical expertise and facilities that are fully capable of handling complex repairs, Greek shipyards are successfully adapting to an increase in demand. If competitiveness continues to improve, there is real potential for Greek shipyards to reclaim their position as a preferred choice for repairs, particularly considering the nation’s maritime heritage and the commitment of the Greek ship owning community.
This shift has broader economic implications as well. A more competitive ship repair industry in Greece means more jobs for Greek maritime workers and seafarers, boosting the country’s economy and reinforcing its status as a global shipping hub. The Greek maritime sector has always been a powerhouse, but for it to maintain its strength, adaptability is key.

Whilst it remains to be seen whether Greek shipyards can fully reverse the trend of outsourcing to neighbouring countries, there are strong indications that the industry is moving in the right direction. If costs can be kept competitive and reducing bureaucracy continues to be addressed, Greece may yet see a resurgence in its ship repair sector, which will be a win not just for shipowners, but for the entire Greek maritime industry.

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Despite the challenges in the short-term market Capital Clean Energy Carriers signed new long term time charter arrangements and has increased its contracted revenue for the first quarter of 2025.

In November 2023 the company decided to shift its strategic focus towards the transportation of various forms of gas to industrial customers, including liquefied natural gas (“LNG”) and emerging new commodities in connection with the energy transition. As a result, the Company agreed to acquire 11 newbuild LNG/Cs and in June 2024, the Company further expanded its gas focused portfolio with the acquisition of 10 additional gas carriers, including four LCO2/multi gas and six LPG-ammonia carriers.

Since December 2023, the Company has also completed the sale of 12 container vessels.

Financial results from continuing operations include revenues, expenses and cash flows arising from its 15 vessels currently in-the-water, including 12 latest generation LNG/Cs and three 13,000 twenty equivalent unit (“TEU”) Neo-Panamax container vessels. Financial results from discontinued operations include revenues, expenses and cash flows arising from the 12 container vessels that were sold following the strategic shift in November 2023.

It must be recognized that the company has carried out new long-term charter agreements for two LNG carriers under construction and exercise of certain options for 3 existing LNG carriers.

The company also reported that the contracted revenue backing increased to $3.1bn or $4.5bn including optional periods and concluded the sale of the last two debt-free container vessels.

A dividend of $0.15 for the 1^st quarter 2025 was announced.

Mr. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: “We are very pleased that two of our LNG carriers under construction have secured long term employment well in advance of their scheduled delivery. In our view, these fixtures signal that the long-term fundamentals of LNG shipping remain robust for high quality owners like CCEC, operating latest generation LNG/Cs, despite the challenges in the short-term market. Moreover, together with certain options exercised by one of our existing charterers for three of our in-the-water LNG/Cs, our contract backlog duration increased to 7.3 years with $3.1 billion in contracted revenues. Additionally, the two new charters are expected to further improve the diversity and composition of our charter book, further de-risk our balance sheet and provide our investors with increasing cash flow visibility.

CCEC now has only four latest generation LNG carriers under construction from its eventual fleet of 18 that are available for charter. The Company remains engaged with multiple counterparties regarding their future employment. Critically, CCEC remains largely insulated from current spot LNG market conditions, with our first two open newbuildings being delivered not before the third quarter of 2026.

Following the delivery of the last two container vessels we agreed to sell during the first quarter of 2025, our container exposure has been reduced to just three legacy, modern container carriers with remaining charters until at least 2032. This transition aligns with our strategic objective of positioning the Company as the premier carrier of gas transportation solutions, including emerging trades tied to the energy transition. Importantly, the Company has built-in growth for the next three years driven by the scheduled delivery of 16 new LNG/Cs and other gas carriers, which is well supported by our internally generated cash flows and our cash at hand, which amounted to $420.3 million at quarter end. We remain firmly on our path to reposition CCEC to become the largest U.S. listed company focused on LNG and gas transportation space.”

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During the AGM of the Piraeus Marine Club Members on May 8^th, 2025   of the Board Elections that took place – with remarkable turnout the new Board convened as a body and elected the Board officers by secret ballot. The new Board’s composition is as follows:

President: Xanalatos K. Paris

Vice President: Tsakiris P. Elias

Gen. Secretary: Marinakis S. Vangelis

Treasurer: Prevezanou S. Maria

Members: Gourdomichalis D. Stathis, Floutakos A. John, Tsalamanios P. Nikolaos, Xiradakis K. George, Xylas A. John.

Deputy member: Dr. Panos Fasoulis.

Paris K. Xanalatos is a 4^th generation shipowner and director of Tide Line Inc.

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FARAD S.A signed a new direct contract with Naval Group Hellas, Naval Group’s subsidiary in Greece, during the DEFEA 2025 (Defence Exhibition Athens).

This agreement marks an important milestone in the long-standing collaboration between FARAD S.A. and Naval Group, one of Europe’s foremost naval defence companies.

The five-year agreement establishes FARAD S.A. as an official maintenance provider for the three new FDI (Frégate de Défense et d’Intervention) frigates of the Hellenic Navy. Under this contract, FARAD S.A. will deliver a broad range of technical maintenance services, covering multiple ship systems and equipment, to ensure the vessels’ continuous operational readiness and long-term performance.

During the signing, Mr Benoit Chapalain, CEO of Naval Group Hellas, stated:  “We just signed our new direct contract with FARAD S.A. For us at Naval Group, it is absolutely logical to maintain and develop our ongoing cooperation with FARAD S.A., which is already involved in the construction of the FDI, and to further expand it in future projects of newbuildings and services. The involvement of FARAD S.A., through this new contract, in the forthcoming In-Service Support activities of the FDI is another significant illustration of Naval Group’s ambitious Hellenic Industrial Participation plan.”

Mr Panagiotis Fanouriadis, Commercial Manager at FARAD S.A., added: “This agreement is the result of a solid, long-standing relationship between FARAD S.A. and Naval Group and demonstrates our continued dedication to delivering top-tier engineering and maintenance solutions. It also underlines the important role Greek industry can play in supporting complex naval programmes. We take great pride in deepening our cooperation with Naval Group and contributing to the operational strength of the Hellenic Navy.”

FARAD S.A. will contribute its extensive expertise not only in the design and production of high-performance heat exchangers but also in delivering integrated maintenance and engineering services across multiple naval systems.

The company remains committed to supporting the maritime and defence sectors through dependable service, innovation, and strategic industrial cooperation.

About FARAD

FARAD S.A., headquartered in Greece, is a leading manufacturer of high-performance heat exchangers and provider of advanced maintenance solutions for the maritime and industrial sectors. With over 45 years of experience, FARAD combines engineering expertise with innovative surface treatment technologies. The company is committed to delivering efficient and long-lasting solutions that support clients worldwide in maintaining operational excellence across diverse industries, from maritime to energy and beyond.

About Naval Group

As an international naval defence player, Naval Group is a partner for countries seeking to maintain control over their maritime sovereignty. Naval Group develops innovative solutions to meet its customers’ requirements and is present throughout vessels’ entire life cycle. The Group designs, produces, equips, integrates, supports and upgrades submarines and surface ships, along with their systems and equipment, through to the final phases of deconstruction and dismantling. Naval Group’s unique know-how in autonomous systems, underwater weapons, and drones positions it as a leading contender to become the European leader in the sector. As a high-tech company, it draws on its outstanding expertise, cutting-edge design and production resources, and its ability to establish strategic partnerships, in particular within the framework of technology transfers. It also provides shipyard and naval base services. Operating across five continents, the Group generates revenue of €4.355 billion and employs 16,722 people (average annual full-time equivalent workforce – figures as on 31 December 2024).

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Revenue and profits climbed to new highs for the company– An increase in the proposed dividend by 43.7% (€1.92 per share)

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation was conducted by representatives of the company, led by Deputy CEO Mr. Angelos Karakostas, and a discussion followed with institutional investors and analysts answering questions regarding the progress of the port’s business activities.

For the fourth consecutive year, PPA S.A. has achieved its highest performance in its history in terms of revenue and profitability. Specifically, total revenue for the fiscal year amounted to €230.9 million, representing an increase of €11.1 million or 5.0%, compared to €219.8 million in the previous fiscal year. Pre-tax profits reached €112.9 million, up from €96.2 million in 2023, marking a 17.4% increase.

Profits after taxes amounted to €87.5 million, a 30.8% increase from €66.8 million in 2023. Finally, the proposed dividend per share reached €1.92, up 43.7% from €1.34 in 2023. It is noteworthy that this marks the largest dividend distribution, and the highest level of profitability ever recorded since the company began its operations. It is further highlighted that the company’s outstanding performance is not only reflected in overall figures, but is consistently observed across individual operational segments of the port, including cruise operations, coastal shipping, container and car terminal, and ship repair zone.

The company remains steadfast in its commitment to the development plan for the Port of Piraeus, executing crucial and strategic investments aimed at its modernization. This solidifies its position as one of the most significant ports in the Mediterranean and Europe, offering top-tier services across all port activities.

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.

PPA is a member of “ECO PORTS”, holds ISO 9001:2015, ISO 14001:2015, ISO 50001:2018 Certifications, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2024”.

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An opportunity for connection, relaxation, teamwork, and social awareness for maritime executives, organized by Drydockers

Set against the blue backdrop of the Saronic Gulf and fueled by the enthusiasm of both seasoned and novice sailors, the 2nd Drydockers Regatta, held over the weekend of May 10–11, once again proved to be a true celebration of sailing and networking for maritime executives.

180 participants from 35 shipping companies aboard 20 sailing boats had the opportunity to connect, unwind, and share the joy of sailing during a unique two-day event, organized for the second consecutive year by Drydockers. This year’s Regatta surpassed the success of the inaugural event, raising the bar and paving the way for the establishment of a popular new tradition in the shipping community.

On Saturday, the participants boarded the boats provided by Drydockers and set sail from Alimos Marina, covering 30 nautical miles to reach Poros. Guided by experienced skippers, all crews gave their best, embracing a spirit of teamwork and fair play.

At the end of the race, the official results were announced with team 12 and the boat KYVELI taking the 1 st place, team 11 with the boat EROS following in the 2 nd place, while the 3 rd place was shared equally by team 17 with the boat ATARAXIA and team 16 with the boat FAMIGLIA.

The award ceremony took place on Saturday evening in Poros, followed by a festive dinner with all participants in a warm atmosphere filled with live music, traditional Greek dancing, and high spirits.

On Sunday, the sailors set course for Aegina, where they took part in a meaningful corporate social responsibility activity, supported by HELMEPA and the Municipality of Aegina, and coordinated by we4all. Cleanup kits, including large trash bags and gloves, were provided by Artemis and the Municipality of Aegina, with the latter also managing the collection and sorting of the waste. Taking on the cleanup of Perdika beach, participants had the opportunity to contribute to the protection of the Saronic coastline and raise awareness around sustainability. The yachts returned to Alimos Marina on Sunday afternoon.

The event was held under the auspices of the Greek National Tourism Organization (GNTO), highlighting its significance as an initiative that promotes the Argosaronic region, Poros, and Aegina to a broader audience, reinforcing Greece’s image as a premier destination for sports tourism.

Can Ozturk, Managing Director of Drydockers, said: «We are particularly proud that the Drydockers Regatta has now established itself as a special experience for the shipping industry, combining the joy of sailing with teamwork, sustainability, and authentic hospitality. The passion and participation of everyone drives us to move forward with even greater momentum»

ABOUT DRYDOCKERS:

Drydockers is a company that provides personalized ship repair services. It was founded in 2021 by Can Ozturk, and with its dynamic team, connects ship owners and technical managers with the most reliable shipyards worldwide. Headquartered in Athens and with branches in Hamburg and Istanbul, Drydockers leverages a selected global network of highly skilled professionals. The company’s high level of expertise and commitment to being present at each shipyard for every project it undertakes ensure uncompromising quality and top- tier ship repair and maintenance solutions worldwide. 

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Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, has called for greater clarity regarding standardized safety regulations that will advance the development of maritime electrification technologies, following the publication of a new technology report, Maritime Electrification: Maritime Battery Systems and Onshore Power Supply. The report explores how electrification technologies – specifically Energy Storage Systems (ESS) and Onshore Power Supply (OPS) solutions – can act as a viable solution to support maritime decarbonization strategies.

While OPS benefits from existing international standards, battery systems remain under-regulated despite growing safety concerns. The risk of thermal runaway incidents within lithium-ion (li-ion) battery technology poses a serious challenge to crew members. Thermal runaway, a rapid, uncontrollable increase in battery temperature can lead to fires that are difficult to extinguish and poses a significant hazard to crew welfare. Despite the increasing deployment of ESS across the global fleet, current safety guidance remains fragmented and largely non-mandatory. 

Classification societies, such as BV, are working to bridge the regulatory gap by establishing technical Rules – such as BV NR467 Rules for the Classification of Steel Ships which outlines technical and safety requirements for marine battery installations – to support the integration of these systems into maritime operations, as well as partnering with industry organizations such as the Maritime Battery Forum to develop voluntary safety guidance. 

BV’s technology report highlights the dual opportunity presented by marine batteries and shore power systems. Battery adoption is accelerating, with over 1,000 battery-powered ships in service globally. Meanwhile, OPS systems are already supported by EU regulation, with FuelEU Maritime establishing the mandatory use of OPS systems for container and passenger ships docked at EU ports from 2030, followed by all EU ports with OPS facilities from 2035.

The launch of the technology report follows the International Maritime Organization’s (IMO) MEPC 83 outcomes, announced in April 2025, which sets ambitious emissions reduction targets through 2040. However, current projections indicate the measures may fall short of the 2030 goals, prompting renewed focus on all viable low-emission technologies. Electrification, though not directly addressed at MEPC 83, is increasingly recognized as a viable enabler of the industry’s net-zero transition.

While existing policies and regulations have provided a foundation for safety and standardization, the technology report acknowledges that there is still work to be done at an international regulatory level to instill confidence in ESS and OPS. Comprehensive, enforceable international standards are needed to ensure the safe deployment of li-ion technologies at scale and pace.

Matthieu de Tugny, President of Bureau Veritas Marine & Offshore, said: "Electrification technology is well established in the industry. However, in order to scale effectively and safely, ESS and OPS systems must be supported by robust, standardized and mandated safety regulations. Without clear international safety standards that regulate the integration of battery systems – particularly regarding fire prevention, crew training and emergency response – owners and operators may lack the assurance needed to integrate these systems into their decarbonization strategies. The industry must work collectively to bridge the current regulatory gap in order to ensure electrification technology achieves its potential in driving shipping’s decarbonized future.”

To access the full technology report follow the link here – MARITIME ELECTRIFICATION | Marine & Offshore

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Global cable and pipe transit provider Roxtec explores further opportunities in Greece After 25 years of presence in Greece via a distributor, the world-leading developer and manufacturer of modular-based transits will run its own business activities in the Greek market. Roxtec Group opens its 28th sales company, Roxtec Hellas, in the port of Piraeus.

“By taking over the business activity from our well-established distributor and by opening Roxtec Hellas, we further strengthen our possibilities to support customers within several segments with our safety solutions. We already know that we can contribute to the marine, power, renewables, data center, construction and process industries,” says Fernando Sánchez, who is Managing Director of Roxtec in Spain and Portugal and in charge of the establishment of Roxtec in Greece.

Supporting many industries Roxtec is focusing on innovative sealing solutions, inspection services and digital tools and is active in many industries. Roxtec cable and pipe seals are used to ensure safety, efficiency and long-term operational reliability in challenging projects in the marine and offshore industries as well as in wind farms, solar farms, electrical substations, chemical plants, labs and critical infrastructure projects, including power grids, data centers, airports, ports, metros and railways.

Providing certified protection

The cable and pipe seals help ensuring protection against multiple hazards, including fire, gas, water, dirt, dust, rodents, electromagnetic interference and the risk of explosion. They can also provide solutions for bonding, grounding and electrical safety, and are adaptable to cables and pipes of different sizes. It is, however, more innovations that contribute to the global recognition: “Besides proven and certified sealing solutions for cable and pipe penetrations, we offer transit quality inspection services and transit management software,” says Fernando Sánchez.

The Roxtec Hellas office opens in May. It is located in the port of Piraeus and equipped with a warehouse to enable Roxtec to provide close and quick support to the strong marine business.

“We have seen the fantastic development in Greece in the last years and want to be part of this exciting journey. Greece is an important market for marine activities, and we look forward to supporting ship owners with our certified seals, our software suite and our inspection capabilities.”

About Roxtec and Multidiameter™

Roxtec cable and pipe transits provide certified protection against multiple risks. The Roxtec invention for flexibility, Multidiameter™, is based on sealing modules with removable layers and ensures perfect tightness around cables and pipes of different sizes. Roxtec serves and supports customers worldwide with sealing solutions, digital tools, and transit safety inspections.

Caption: Roxtec Hellas takes over the entire distribution of Roxtec cable and pipe transits in Greece. From left: Nicki Kioussi, Fernando Sanchez, Athina Xartomatzidou, George Aggelopoulos 

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More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
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