Nikos Katradis, President of KATRADIS GROUP was honored with the prestigious Entrepreneurship Award by the Academy of Greek Art Awards. This recognition highlights his longstanding contribution to the Piraeus community and his sustained impact on the maritime and business sectors.

The award was presented in acknowledgment of Mr. Katradis’ continuous support, commitment, and meaningful social contribution to the Piraeus region. Through decades of active engagement in the maritime industry, he has consistently demonstrated responsible entrepreneurship, reinforcing the strong connection between business growth and community development.

KATRADIS GROUP has evolved into a dynamic and internationally respected organization, while maintaining deep roots in Piraeus, a city historically linked to shipping and marine services. Mr. Katradis’ vision has always extended beyond business performance, emphasizing ethical practices, long-term partnerships, and initiatives that strengthen the local business.

The award ceremony took place in the presence of Mr. George Andrianopoulos and the Vice President of the Piraeus Chamber of Commerce & Industry (EBEP), Mr. Konstantinos Axladitis. Their presence added particular significance to the occasion, underlining the importance of entrepreneurship as a driving force for regional development and maritime excellence.

This distinction reflects not only Mr. Katradis’ personal dedication but also the core values of KATRADIS GROUP: Integrity, innovation, social responsibility, and commitment to sustainable growth within the maritime community.

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To mark the issuance and commencement of trading of its new corporate bond, the Board of Directors of Capital Clean Energy Carriers held a special "bell-ringing" ceremony at the Athens Stock Exchange (ATHEX) on Thursday, February 26, 2026.
The CEO of the Athens Stock Exchange Group, Mr. Yiannos Kontopoulos, expressed great satisfaction regarding the successful completion of this significant transaction. He highlighted that Capital is an international shipping power focused on the energy transition sector with global operations.
Furthermore, Mr. Kontopoulos expressed his hope for more shipping companies to list on the exchange's main market, noting that such moves would bolster the prestige and international recognition of the Athens Stock Exchange.
In his keynote speech, the COO of Capital Clean Energy Carriers, Mr. Gerasimos Kalogiratos, emphasized that following the successful issuances of 2021 and 2022 (totaling €250 million), today’s listing reaffirms a strong bond of trust with the Greek investing public. 

He noted that the group has successfully completed three bond issuances within just five years.
Mr. Kalogiratos extended his gratitude to ATHEX Management for their seamless cooperation, Piraeus Bank and Euroxx, ALPHA BANK and Optima BankSupport, Auditors, Capital executives and the investors.
He concluded by committing to continued transparency and operational efficiency.
The capital raised from this bond loan is earmarked for three primary strategic goals:
1. Refinancing: Repayment of an existing bond loan.
2. Expansion: Funding the construction of new vessels (newbuilds).
3. Liquidity: Strengthening the company’s working capital.

The traditional opening bell was rung by Mr. Nikolaos Kalapotharakos, CFO of Capital Clean Energy Carriers and Capital Ship Management Corp. 

The event was attended by senior executives from Capital group and the Athens Stock Exchange, banking representatives, and members of the financial and maritime press.

The issue of a Common Bond Loan of "CAPITAL CLEAN ENERGY CARRIERS CORP." was oversubscribed 1.75 times, raising capital of €250 million. A total of 250,000 dematerialized, common, registered bonds of the Company with a nominal value of €1,000 each were offered through the Athens Stock Exchange. The total valid demand expressed by investors who participated in the Public Offering amounted to €438.42 million, marking an oversubscription of the Issue by 1.75 times. 

The offering price of the Bonds has been determined at par, i.e. €1,000 per Bond. The final yield on the Notes was set at 3.75% and the interest rate on the Notes at 3.75% per annum. The Notes were allocated as follows: a) 186,000 Notes (74.4% of the total issued Notes) were allocated to Private Investors, and b) 64,000 Notes (25.6% of the total issued Notes) were allocated to Specialized Investors.

BRIEF PROFILE OF CAPITAL CLEAN ENERGY CARRIERS CORP.

Completing a historic transformation and focusing on LNG transportation, the Nasdaq-listed company, Capital Clean Energy Carriers (formerly Capital Product Partners L.P.) today has one of the youngest and most technologically advanced fleets in the world and is marking record financial performance while strategically positioning itself as a dominant player in the era of energy transition.

Growth prospects

CCEC is implementing one of the most ambitious shipbuilding programs in the world.CCEC has the largest modern fleet of LNG carriers among listed shipping companies in the US (in number of ships). It is implementing a broad investment program of approximately $3 billion in progress to strengthen the fleet with 18 newbuildings (9 latest generation LNG/C, 6 mid-sized dual-fuel LPG vessels and 3 LCO2/multi-gas vessels), which will be delivered between the second quarter of 2026 and the first quarter of 2029. With the scheduled delivery of the newbuildings, CCEC's state-of-the-art fleet will total 32 vessels.

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TOP Ships Inc. has entered into an agreement with an entity affiliated with the Company’s Chief Executive Officer, to acquire 100% of the issued and outstanding shares of nine Marshall Islands companies, counterparties to ship building contracts for nine very-high specification 47,499 dwt Medium Range (“MR”) product/chemical oil tankers with Guangzhou Shipyard International Company Limited, scheduled for delivery during 2028 and 2029.

The ship building contracts’ effectiveness is subject to the issuance of customary refund guarantees and the acquisition of the SPVs is subject to conclusion of financing arrangements. Specifically, the SPVs are currently finalizing lease financing agreements (the “Financings”) with two major Chinese leasing companies, one being ABC Financial Leasing Co., Ltd. or its controlled entities, covering the majority of the ship building contracts’ price for all nine vessels. The Financings were arranged by the Seller and their conclusion is subject to customary closing conditions, including the provision of the Company’s corporate guarantee to the leasing companies.

The Seller has also secured time charter employment with a major oil trader, for all vessels, starting from their delivery and for a firm duration of seven years, with charterer’s option to extend for four additional years.

The total potential gross revenue backlog from these contracts, including optional years, is about $679 million.

The Company has agreed to acquire the shares of all SPVs for an aggregate purchase price of about $41 million and due to the related party nature of the acquisition, the transaction was approved by a special committee composed of independent members of the Company's board of directors, (the “Transaction Committee”). The Transaction Committee obtained a fairness opinion relating to the consideration of this transaction from an independent financial advisor.

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Highlighting on a strategy of continuous profitability, and fleet renewal Seanergy Maritime Holdings Corp., a leading pure-play Capesize shipping company, reported its 17 th consecutive quarterly dividend under its capital return policy, with total cash dividends for 2025 of $0.43 per common share, underscoring the Company’s commitment to disciplined capital allocation and consistent shareholder returns.

On this occasion Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “Driven by a strong Capesize market, Seanergy delivered a very strong fourth quarter, marking our fifth consecutive year of profitability. This performance reflects the durability of our pure-play Capesize strategy, disciplined balance sheet management, and our ability to consistently capture market upside. “We remain firmly focused on delivering consistent shareholder returns. In 2025, we distributed $0.43 per common share in cash dividends, and with the declaration of the Q4 dividend of $0.20 per common share, we marked our 17th consecutive quarterly dividend. Since launching our dividend program, we have returned $2.64 per common share, or approximately $51.2 million, to our shareholders, underscoring both the strong earnings capacity of our fleet and our disciplined approach to capital allocation.

“Looking ahead, market fundamentals remain constructive as we move into 2026. Robust iron ore and bauxite trade flows, limited Capesize newbuilding supply, and favorable ton-mile dynamics continue to support earnings visibility. With a high-quality fleet, predominantly index-linked employment, and balanced leverage profile, we believe Seanergy is well positioned to capture meaningful upside in this favorable environment. “Our fleet renewal program is progressing as planned and remains a core strategic priority.

In recent months, we added two prompt, eco newbuilding orders at leading Chinese shipyards: a scrubber-fitted Capesize sister vessel to the unit previously announced, scheduled for delivery in Q3 2027, and a scrubber-fitted Newcastlemax scheduled for delivery in Q2 2028. The total current newbuilding investment of approximately $226 million reflects our intention to continue pursuing selective and prompt newbuilding opportunities when market conditions and financing terms are favorably aligned. “In parallel, and taking advantage of firm secondhand values, we recently agreed to sell the 2010-built Dukeship through an 18-month bareboat arrangement, crystallizing a solid price and generating positive cash flows through the bareboat period. We continue to actively evaluate opportunities to optimize our fleet through selective acquisitions and targeted disposals, while keeping long-term shareholder value and returns as a top priority.

“On the commercial front, we secured index-linked renewals for five vessels, maintaining full participation in a strengthening market while selectively utilizing FFAs to manage volatility. This disciplined approach continues to deliver strong commercial performance. For the first quarter of 2026, we estimate a daily TCE of approximately $25,300, representing a 14% premium to the prevailing AV5 BCI year-to-date, based on the current FFA curve, with approximately 77% of available days fixed at an average rate of $24,739. “Seanergy enters 2026 from a position of financial strength, operational excellence, and strategic clarity, with a clear path toward continued per-share value creation for our shareholders.”

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METLEN and Shell signed a Memorandum of Understanding (MoU) for the supply and trading of Liquefied Natural Gas (LNG). The agreement was signed in Washington by Panagiotis Kanellopoulos, Chief Executive Director, International Energy Supply & Trading at METLEN and Tom Summers, Executive Vice President, Shell LNG.

The two companies will supply and trade volumes of 0.5 to 1.0 bcm annually for the period 2027–2031. The agreement provides for delivery to the Greek LNG receiving and regasification terminals at Revithoussa and Alexandroupolis, as well as the use of the Vertical Gas Corridor to access other European markets.
Evangelos Mytilineos, Executive Chairman of METLEN, emphasized the importance of the partnership in strengthening the company’s role in European natural gas markets, enhancing Europe’s energy resilience and further establishing Greece as a key regional energy hub.

The presence of Stavros Papastavrou - Σταύρος Παπασταύρου, Minister of Environment and Energy of Greece; Chris Wright, U.S. Secretary of Energy, Doug Burgum, Chairman of the National Energy Dominance Council and U.S. Secretary of the Interior, Kimberly Guilfoyle, U.S. Ambassador to Greece; and Colette Hirstius, President of Shell USA, Inc., highlighted the strategic importance of this partnership, which is reshaping the natural gas market in Southeastern Europe.

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After the latest acquisition of ATIVA NÁUTICA in Brazil, and the expansion of the company through the Canada branch, Lalizas opened a new branch in Manila, Philippines and an 880 square meter warehouse facility in Muntinlupa City.

This strategic expansion strengthens LALIZAS’ footprint in Southeast Asia and underscores the company’s commitment to making its products and services more accessible to maritime professionals in the region.

In fact, since June, Philippines Country Manager Crispo Mojica has been actively building strong local connections, representing the company at major industry events, including Philmarine and the Beacon exhibitions, while gaining valuable insights into customer needs and market opportunities.

The Philippine branch will operate as a regional hub, significantly improving product availability, logistics efficiency, and customer support for local distributors, shipowners, and maritime operators. Through our local presence, partners gain direct access to SOLAS and internationally compliant safety equipment and marine solutions, supported by local stock and a globally established manufacturing group.

“The Philippines is a cornerstone of the global maritime industry, and expanding our presence here is a natural step in our global growth strategy,” said Dr. Tasos Galanakis, Vice President - CCO.

“By opening a local branch, we are investing in closer relationships with our partners and ensuring faster, more reliable access to certified marine safety equipment,” mentioned Mr. Stavros Lalizas, CEO.

“Our goal is not only to supply products, but to be a trusted, long-term partner for the Philippine maritime community,” said Crispo Mojica, Country Manager of the LALIZAS Philippines. “This new branch allows us to respond more quickly to customer needs, reduce lead times, and provide localized expertise that supports safer and more efficient maritime operations.”

The opening of the Philippine branch reflects LALIZAS’ continued commitment to expanding its global network and supporting safety at sea through innovation, quality, and local engagement.

In total we celebrate 14 branches, 8 logistic centres, 6 franchises, 8 production plants and more than 1000 team members worldwide. This is what makes us the LALIZAS Force.

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V., the global ship manager and marine services provider, has entered into a new partnership with Greek shipowner Silk Searoad Maritime S.A for the technical management of their bulk and tanker fleet of eight vessels. Through the partnership, Silk Searoad will benefit from access to V.’s breadth of integrated marine services, global scale, expertise and data-driven platforms, allowing it to enhance safety, fleet performance and costs to better meet its evolving customer demands.

1. will oversee the long-term management and performance of Silk Searoad’s fleet, currently comprising of five bulk carriers and three tankers.

Support from V. will span daily operations onboard, including improved working conditions for crew through robust safety and welfare policies, proactive maintenance planning, and standardisation of processes across the fleet, with Silk Searoad benefiting from V.’s optimised vessel performance and compliance support.

Silk Searoad will also have access to a number of marine services across V. including Marcas – a contracting association combining purchasing volume across its members to secure competitive terms for goods and services.
The vessels will be managed by V.’s office in Greece. V.Ships Greece has more than 30 years of experience in ship management and is the first and largest company offering third-party ship management services in Greece.
Robert Desai, CEO, V.Ships, said: “We look forward to this new partnership with Silk Searoad and to supporting them in meeting their growth ambitions, today and in the years to come. This is the start of a long-term collaboration, driven by continuous growth through shared expertise, data and best practices.
“Silk Searoad represents a dynamic new generation of Greek shipping, combining youthful ambition with deep maritime heritage. Our experience, local expertise and global scale will be key in enhancing Silk Searoad’s market position and supporting them at a time of increasing industry complexity.”
Andreas Zissimatos, Managing Director at Silk Searoad, commented: “At Silk Searoad, we remain focused on disciplined, forward-thinking fleet development, built on long-term partnerships with reliable counterparties. V.’s approach and dedication to operational excellence are what stood out to us as a strong fit, particularly as we continue to grow and scale up. Their proven track record and operational frameworks, global reach, advanced systems and digital backbone are all key enablers for us in optimising our services and operations.

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Two decades of dedication and progress for the welfare of seafarers
 

The Cyprus Shipping Chamber, joins the international shipping community in commemorating the 20th anniversary of the Maritime Labour Convention, 2006 (MLC2006), a landmark instrument that has fundamentally transformed the global shipping industry by establishing comprehensive standards for the working and living conditions of seafarers and which has rightly won the title of the most successful international maritime labour agreement ever implemented. 

Since its adoption, MLC2006 has become widely recognised as the “fourth pillar” of the international maritime regulatory framework, complementing key safety and environmental conventions. Over the past two decades, it has played a pivotal role in promoting decent work at sea, safeguarding seafarers’ rights, and ensuring fair competition among shipowners through a harmonised global regime. 

The Shipping Chamber has consistently supported the effective implementation of MLC2006, recognising that the welfare, dignity, and professionalism of seafarers are essential to the sustainability and resilience of the shipping industry. Cyprus, as one of the world’s leading maritime centres and flag states, has ratified the MLC2006 Convention in 2012 and has been a strong advocate of the Convention’s objectives, working closely with international organisations, shipowners, and social partners to uphold high labour standards. 

For the Cyprus Shipping Chamber, the 20th anniversary of MLC2006 is an important reminder that seafarers are at the heart of global trade. Let us therefore, recognise and honour the efforts of Seafarers around the world, who play a vital role in world trade and truly contribute in ensuring a stable world economy and society.

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The 9th Annual Capital Link Cyprus Shipping Forum, held in Limassol, convened at a historic turning point as the Cyprus Registry celebrates its most significant expansion in a quarter-century. Surging to a 25-year high, the registry reported a 20% increase in ship tonnage and a 26% rise in new company registrations, driven by aggressive digitalization and competitive tax reforms. This robust growth provided a triumphant backdrop for the forum’s mission to address international shipping’s most pressing hurdles.

Mr. Nicolas Bornozis, President of Capital Link, Inc., and Conference Chairman Mr. George A. Tsavliris, Principal of Tsavliris Salvage Group, opened the event by emphasizing the need for a deeper understanding of the industry's evolving landscape.

A focal point of the event was a 1x1 discussion between Shipping Deputy Minister Marina Hadjimanolis and Mr. Nicolas Montanios of Montanios & Montanios LLC. They highlighted the registry’s recent 23% performance leap and looked forward to the informal ministerial meeting on April 29th in Nicosia. This meeting will see the endorsement of the Lefkosia Declaration, a landmark document placing the "human element," modern maritime education, and the increased participation of women at the core of the EU's maritime future.

Further reinforcing the policy perspective, Ms. Elissavet Vozemberg-Vrionidi, Chair of the European Parliament's Committee on Transport and Tourism, delivered keynote remarks on the "turning point" of European transport policy, focusing on how the Cyprus maritime cluster maintains resilience and competitiveness amidst global shifts.

The forum also paused to honor industry excellence, presenting the Capital Link Lifetime Achievement Award to Mr. Acis Montanios, CEO of Montanios & Montanios LLC. Transitioning to technical challenges, Mr. Theo Kourmpelis of Lloyd’s Register provided a vital regulatory update on the path to Net Zero. This sparked a rigorous debate on fleet renewal moderated by Mr. Vassilis Dimoulas of Bureau Veritas. Panelists including Mr. Antonis Faraklas of Chartworld Shipping, Dr. George D. Pateras of Contships Management, and Capt. Eberhard Koch of OL Shipping weighed the high costs of new builds against market reliability. Dr. Loukas Barmparis of Safe Bulkers notably argued that dual-fuel vessels serve as a strategic hedge against future local regulations, protecting the competitiveness of the Greek and Cypriot fleets.

The digital frontier was explored in a session on AI and commercial optimization, moderated by Mr. Joe Woods of ABS Consulting. Mr. Konstantinos Vlachos of CASTOR and Mr. Dimitris Vastarouchas of Danaos Corporation debated whether AI is a threat or an opportunity, concluding it is a powerful tool for fuel optimization and safety, provided it remains subordinate to human decision-making. Mr. Konstantinos Stampedakis of ERMA TECH GROUP and Mr. Vasileios G. Petousis of Seanergy Maritime Holdings explained how AI strategy is now essential for reducing carbon intensity and managing technical performance. Mr. Tsavliris concluded the segment by reminding attendees that AI should supplement, not substitute, human expertise.

In the realm of shipmanagement, a panel moderated by Mr. Nicos Attas of RINA Cyprus featured leaders such as Mr. Basil Sakellis of Alassia NewShips, Capt. Franck Kayser of Asyad Shipping, Mr. Dieter Rohdenburg of InterMaritime, and Mr. Prabhat Kumar Jha of MSC Shipmanagement. They stressed that modern shipmanagement is now entirely performance-oriented, relying on economies of scale and innovative technologies to help smaller and medium sized shipowners navigate the complex energy transition.

The forum addressed the state of ship finance in a discussion moderated by Mr. George Zambartas of Hill Dickinson LLP. Financial experts including Mr. Nikolaos Kagkarakis of Alpha Bank, Mr. Nicholas Pavlidis of Bank of Cyprus, Mr. Philipp Wünschmann of Berenberg, Mr. Aris Patounas of Eurobank, and Mr. Jan William Denstad of Sole Projects noted that while capital is currently abundant—particularly from East Asia—the sector faces rising costs due to Basel 4 compliance and geopolitical instability. They concluded that environmental sustainability has shifted from a preference to a core requirement for accessing project financing in 2026.

2nd part of the forum

The forum highlighted the critical intersection of energy security, shipping logistics, and geopolitical strategy, beginning with a panel moderated by Ms. Dorothea Ioannou, CEO of American P&I Club. During this session, Minister Michael Damianos of the Republic of Cyprus and Dr. Daniel E. Mangis, Chargé d’Affaires ad interim of the U.S. Embassy in Nicosia, emphasized the pivotal roles of Greece and Cyprus as regional energy hubs. They detailed how these nations are positioned to enhance stability by facilitating the supply of U.S. LNG through the "Vertical Corridor" to Europe and collaborating with American oil producers to exploit energy resources, ultimately strengthening the strategic partnership between the two countries and U.S.in the Eastern Mediterranean.

Shifting the focus to the maritime sector, Mr. Andreas Papachristodoulou of Stephenson Harwood moderated a discussion on shipping amidst global commerce and regulations. Mr. Mark O’Neil, President and CEO of Columbia Group, voiced concerns that any pause in the IMO’s net-zero framework might trigger a fragmented surge in regional environmental rules. He and Mr. Spyros Vlassopoulos, Managing Director of Ionic, both stressed the increasing complexity of sanction compliance, noting that avoiding sanctioned trades is now essential for maintaining access to international financial markets. Mr. Filippo Fabbri, CEO of Lockton P.L. Ferrari, further examined how the "shadow fleet" and sanctions are impacting the P&I and marine insurance sectors, while Ms. Eman Abdalla, Founder of SeaThrew, argued that resilience and reliability have become the new benchmarks for navigating today's market "minefields."

To provide a charterer’s perspective, Mr. Polys Hajioannou, CEO of Safe Bulkers and President of the Cyprus Union of Shipowners, led a conversation with Mr. Tim Barrett of Cargill Ocean Transportation and Mr. Carl Andrew Dacombe of Mercuria Shipping Pte Ltd. Both representatives expressed optimism for the Capesize market through 2026, noting that high rates are being sustained by robust Atlantic iron ore and West African bauxite flows to China rather than a general commodity rally. They also highlighted that charterers are increasingly rewarding shipowners who adopt operational upgrades for fuel optimization and vessel efficiency.

The forum concluded with a panel on shipowner investment and competition, moderated by Mr. Leonidas Karystios of DNV Maritime. The panel featured prominent industry leaders including Mr. Andreas Hadjiyiannis of Cyprus Sea Lines, Mr. Aristides J. Pittas of Euroseas Ltd., Mr. George Mouskas of Olympia Ocean Carriers, and Mr. Polys Hajioannou. Mr. Pittas noted the difficulty of market forecasting in a volatile geopolitical climate, choosing to focus on "eco" designs and LNG-ready vessels rather than full LNG propulsion. Mr. Hadjiyiannis warned that regulations like the EU ETS and FuelEU could harm European competitiveness, while Mr. Mouskas pointed out the challenge of investing in new fuels without a permanent global solution. Finally, Mr. Hajioannou shared his company's strategy of avoiding war zones to protect crew and assets, as the panel collectively urged European regulators to recognize the vital importance of Greek, Cypriot, and Maltese shipping to the continent's supply autonomy.

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As part of their long-standing cooperation, the Chairs of the Round Table Associations met recently in Athens and reaffirmed their commitment to working together and coordinating positions on the key challenges facing international shipping.

Paul Pathy, President of BIMCO, John Xylas, Chair of INTERCARGO, Claes Berglund, Vice Chair of the International Chamber of Shipping, and Rolf Westfal-Larsen Jr, Chair of INTERTANKO, all came together to enhance collaboration across the industry and address shipping’s collective challenges.

The agenda of the meeting included the key issues of seafarer safety and welfare, the gradual erosion of the international regulatory framework, and decarbonisation.

Following the meeting, the Associations jointly commented: “Our industry remains robust and resilient and continues to rely on a stable, global regulatory framework, which we are collectively committed to. Going forward we must be pragmatic, and our aim is to ensure that shipping remains relevant and well equipped to carry out its crucial role in serving world trade, without which, the world economy cannot operate.

“At times of geopolitical uncertainty and conflict, the safety and welfare of seafarers must remain at the forefront of industry priorities. Seafarers are fundamental to shipping and to global trade, and any threat to shipping that places them at risk is unacceptable. Protecting and supporting those who work at sea is a shared responsibility across the industry.

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