NAFS No. 156

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Τιμητική Διάκριση Ιδρύματος Προαγωγής Δημοσιογραφίας Αθ. Βασ. Μπότση για το έγκυρο Ναυτιλιακό ρεπορτάζ και την στήριξη της Εμπορικής μας Ναυτιλίας

ΚΩΔ. Γ.Γ 2229

Bimonthly Review for the Shipping Industry - December 2023, issue 156, Year 29th

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30+ Maritime experts give prospects for

2024

CHALKIS SHIPYARDS S.A.

A living example for other Greek Shipyards to follow

NAFS magazine has been honored with The Ath. Vas. Botsis Foundation award - the most prestigious award in Greece for journalism - for the valid Shipping Report and its support to the Merchant Shipping.

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30+ Maritime experts give prospects for

2024

156 JANUARY 2024

CONTENTS

P. & N. Doukas Publications

How will Shipping maintain its resilience and its commitment to change in order to deal with Decarbonization, Digitalization, Geopolitical tensions, Labor shortages, and Environmental regulations?

Ετήσια συνδρομή εσωτερικού 50 ευρώ. Ετήσια συνδρομή εξωτερικού USD 70.

NAFS, ISSN 1107-3179. Απαγορεύεται η αναδημοσίευση, η αναπαραγωγή, ολική, μερική ή περιληπτική, ή κατά παράφραση με οποιονδήποτε τρόπο, χωρίς γραπτή άδεια του εκδότη, εκτός αν αναφέρεται το περιοδικό ΝΑΥΣ ως πηγή των πληροφοριών αυτών. Οι απόψεις των συνεργατών και αρθρογράφων του περιοδικού ΝΑΥΣ δεν απηχούν κατ’ ανάγκη και τις θέσεις του περιοδικού και του εκδότη. Οι αρθρογράφοι του περιοδικού φέρουν την αποκλειστική ευθύνη της ιδοκτησίας των κειμένων που αποστέλουν προς δημοσίευση και οφείλουν να γνωστοποιούν τις πηγές στις οποίες αναφέρονται εάν υπάρχουν.

ROSS MARINE

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6 Ίσαλος γραμμή NAFS | November 2023

Ἐπί ξυροῦ ἀκμῆς ἡ ναυτιλία Η ΝΑΥΛΑΓΟΡΑ ΕΥΝΟΗΣΕ ΙΔΙΑΙΤΕΡΑ ΤΑ ΔΕΞΑΜΕΝΟΠΛΟΙΑ ΤΟ 2023 ΑΛΛΑ ΟΙ ΔΙΕΘΝΕΙΣ ΕΞΕΛΙΞΕΙΣ ΕΙΝΑΙ ΑΠΡΟΒΛΕΠΤΕΣ ΚΑΙ Ο ΠΛΗΘΩΡΙΣΜΟΣ ΒΡΙΣΚΕΤΑΙ ΕΚΤΟΣ ΕΛΕΓΧΟΥ

Ίσαλος γραμμή

Κώστας Δούκας, Δημοσιογράφος, Μέλος ΕΣΗΕΑ, Βραβείο Δημοσιογραφίας Ιδρύματος Μπότση

Μέσα στήν παγκόσμια ἀναταραχή πού προκαλοῦν οἱ δύο πόλεμοι (Οὐκρανία καί Μέση Ἀνατολή), καθώς καί οἱ οἰκονομικές ἀναταράξεις πού δημιουργεῖ παγκοσμίως τό ἐνεργειακό, ἡ ναυτιλία ἐξακολουθεῖ (ἀκόμη) νά πλέει σέ ἣρεμες θάλασσες μέ κερδοφόρους ναύλους, καθώς γιά μία ἀκόμη φορά φαίνεται νά ἐπαληθεύεται τό δόγμα, ὃτι οἱ ἀναταράξεις καί οἱ πόλεμοι εὐνοοῦν τήν ναυτιλία. Τό ἐρώτημα εἶναι πόσο θά κρατήσει αὐτή ἡ bonanza. Οἱ πλοιοκτῆτες δεξαμενοπλοίων εἶναι οἱ μεγάλοι κερδισμένοι, καθώς τόσο τό 2023, ὃσο καί κατά τό 2024, οἱ ναῦλοι θά ἐξακολουθήσουν νά διαμορφώνονται γύρω ἀπό τίς ὑψηλές τιμές τοῦ λήξαντος ἒτους, κυμαινόμενοι γύρω στίς 30.000 μέ 40.000 δολ. ἡμερησίως. Λιγώτερα κέρδη ἀποκομίζουν στήν παρούσα στιγμή τά πλοῖα ξηροῦ φορτίου καί τά πλοῖα κοντέϊνερς, γύρω στίς 12.000 μέ 15.000 ἡμερησίως. Τόν τελευταῖο καιρό παρατηρεῖται ὃτι μεγάλος ἀριθμός πλοίων κοντέϊνερς ἀκολουθοῦν τόν γύρο τοῦ Ἀκρωτηρίου, μέ ἀποτέλεσμα τό κόστος TEU, πού εἶχε διαμορφωθεῖ γύρω στίς 2.000 δολ., τώρα μέ τήν διαδρομή μέσω Κάϊπ Τάουν οἱ τιμές νά διπλασιασθοῦν στίς 4.000 δολ. καί πολλοί φοβοῦνται ὃτι μπορεῖ νά αὐξηθοῦν μέχρι καί 6.000 δολ. Τά κέρδη αὐτά ἐπικαρποῦνται οἱ traders καί τελικά τό ὑπερκόστος θά μετακυλισθεῖ στόν καταναλωτή μέ τήν μορφή πληθωρισμοῦ. Ναυτιλιακοί κύκλοι τοῦ Πειραιῶς διαπιστώνουν ὃτι ὁ πληθωρισμός δέν τιθασσεύεται καί θά ἐπηρεάσει σοβαρά τήν παγκόσμια οἰκονομία. Ἡ ὃλη δομή τῆς παγκόσμιας οἰκονομίας ἐπηρεάζεται ἀπολύτως ἀπό τό ἐνεργειακό, πού δημιουργεῖ ἀλυσιδωτές ἀναταράξεις σέ ὃλα τά «ἐργαλεῖα» πού διαμορφώνουν τίς παγκόσμιες οἰκονομικές ἐξελίξεις, μεταξύ τῶν ὁποίων πρωτίστως ἡ ναυτιλία. Τώρα Εὐρωπαῖοι καί ΗΠΑ διαπιστώνουν ὃτι βιάστηκαν νά ἐπικεντρωθοῦν στά ἠλεκτρικά αὐτοκίνητα, διότι ὑπερφαλαγγίσθηκαν άπό τούς Κινέζους, οἱ ὁποῖοι γέμισαν τήν παγκόσμια ἀγορά μέ φθηνά ἠλεκτρικά αὐτοκίνητα, καθώς διαθέτουν ἂφθονο λίθιο πού χρειάζεται γιά τίς μπαταρίες τῶν αὐτοκινήτων αὐτῶν. Ἒτσι, οἱ Εὐρωπαῖοι, καί ἰδιαίτερα οἱ Γερμανοί, πού βλέπουν ὃλες τίς ἐπενδύσεις νά κατευθύνονται στήν Κίνα, ἐπανέρχονται στά ὑβριδικά αὐτοκίνητα, πού σημαίνει λειτουργία μηχανῶν ἐσωτερικῆς καύσεως, ἐκμεταλλευόμενοι τό περιθώριο πού ἒχουν μέχρι τό 2035 νά παράγουν όχήματα κινούμενα καί μέ βενζίνη. Οἱ ὃλες ἐξελίξεις στήν παγκόσμια αὐτοκινητοβιομηχανία εἶναι δυνατόν νά ἐπηρεάσουν άρνητικά τήν ναυλαγορά. Ἂλλη πηγή ἀνησυχιῶν γιά τούς έφοπλιστές εἶναι οἱ γεωπολιτικές ἐξελίξεις, καθώς τά πάντα βρίσκονται σέ ἐκκρεμότητα. Ἡ μεγαλύτερη ἀνησυχία ἐπικεντρώνεται στίς ἐξελίξεις τοῦ πολέμου τῆς Γάζας. Ἂν ἐπεκταθεῖ ὁ μεσανατολικός πόλεμος μέ τήν ἐμπλοκή καί ἂλλων χωρῶν,θά μποροῦσε νά ὁδηγήσει σέ ἂμεση σύγκρουση μεταξύ ΗΠΑ καί Ἰράν, ὁπότε θά μποροῦσαν νά κλείσουν ἡ διώρυγα τοῦ Σουέζ καί τά Στενά τοῦ Ὁρμούζ. Τό πρόβλημα θά ἦταν παγκόσμιο, ἀφοῦ ἡ ναυτιλία θά ἀποκλειόταν ἀπό τίς ζωτικές αὐτές θαλάσσιες ὁδούς. Ἢδη προβλήματα δημιουργοῦνται στήν Ἐρυθρά Θάλασσα μέ τήν Χαμάζ πού ἐπιτίθεται σέ ἐμπορικά πλοῖα. Κυριωτέρα ὃμως πηγή ἀνησυχιῶν γιά τήν ναυτιλία εἶναι ὁ ἀνατροφοδοτούμενος πληθωρισμός, ὁ ὁποῖος ἀνέρχεται διεθνῶς, μέ ἀποτέλεσμα τήν παγκόσμια ἀκρίβεια νά ἀνέρχεται σέ πρωτοφανῆ ἐπίπεδα καί νά ἀπειλεῖ ἀπρόβλεπτες ἐξελίξεις.

Η ΘΕΣΗ ΤΗΣ ΕΛΛΑΔΟΣ

Καθώς ἡ κρίση πληθωρισμοῦ πού πλήττει τήν παγκόσμια οἰκονομία δέν φαίνεται νά λήγει σύντομα, κάτι πού καθιστά δύσκολη κάθε πρόβλεψη γιά τίς μελλοντικές ἐξελίξεις τῆς ναυτιλίας, ἡ Ἑλάδα, χώρα κατ᾽ ἐξοχήν ναυτιλιακή, πού κρατᾶ σταθερά τήν πρώτη θέση παγκοσμίως ἐπί πολλές δεκαετίες, παρακολουθεῖ ὡς οὐραγός τά τεκταινόμενα γύρω της, μέ τόν ἀμερικανικό παράγοντα νά πιέζει γιά τήν...περαιτέρω βελτίωση τῶν σχέσεων καλῆς γειτονίας μέ τήν Τουρκία. Μία Τουρκία ὑπερεξοπλισμένη, ἡ ὁποία ναυπηγεῖ ἀκόμη καί ἀεροπλανοφόρα, καί ἡ ὁποία ἒχει ξεπεράσει τήν Γαλλία καί τήν Ἀγγλία σέ ἐξαγωγές ὁπλικῶν συστημάτων, κατέχοντας τήν θέση τῆς 8ης στρατιωτικῆς δυνάμεως στόν κόσμο, ἐνῶ ἡ Ἑλλάς βρίσκεται στήν 37η θέση, μέ ὑπογεννητικότητα, μέ ὑπερφορολόγηση καί μέ ἂδηλο τό πολιτικό της μέλλον κατά τήν ἑπομένη εἰκοσαετία.

8 Ανεμολόγιο

NAFS | DECEMBER 2023 - JANUARY 2024

EU ETS: Μείωση των ρύπων ή πλήγμα στην ανταγωνιστικότητα της Ευρωπαϊκής Ναυτιλίας;

Ο

χρόνος γύρισε και πλέον από την 1η Ιανουαρίου 2024 οι ναυτιλιακές εταιρείες που διαθέτουν πλοία ολικής χωρητικότητας πάνω από 5000 τόνους (gross tonnage) το οποία προσεγγίζουν ή αναχωρούν από λιμάνια της Ευρώπης είναι πλέον υποχρεωμένες να παρακολουθούν και να αναφέρουν τις εκπομπές διοξειδίου του άνθρακα. Επιπλέον για κάθε τόνο εκπομπών διοξειδίου του άνθρακα θα πληρώνουν το αντίτιμο όπως επίσημα αναφέρεται ως δικαίωμα εκπομπών ETS. Η Ευρωπαϊκή Ένωση θεωρεί πως η καταπολέμηση της κλιματικής αλλαγής περνά μέσα από τη μείωση των εκπομπών αερίων του θερμοκηπίου. Με βασική αρχή αυτή του ο ρυπαίνων πληρώνει, το σύστημα εμπορίας δικαιωμάτων εκπομπών της Ευρωπαϊκής Ένωσης αποτελεί μηχανισμό που σκοπό έχει τη μείωση των εκπομπών αερίων του θερμοκηπίου μέσω της τιμολόγησης των εκπομπών διοξειδίου του άνθρακα. Με αυτή βέβαια τη λογική θα μπορούσε κάποιος να ισχυριστεί ότι εκείνος που έχει περισσότερα χρήματα θα μπορεί κατ επιλογήν να ρυπαίνει και περισσότερο. Η εφαρμογή του EU ETS θα γίνει σταδιακά. Το 2024, οι ναυτιλιακές εταιρείες θα πρέπει να παραδώσουν δικαιώματα για το 40% των εκπομπών τους του 2023. Το ποσοστό αυτό θα αυξηθεί στο 70% το 2025 και στο 100% το 2027. Αξίζει να σημειωθεί ότι από το 2026 θα συμπεριληφθούν το μεθάνιο και το υποξείδιο του αζώτου. Το στοίχημα ωστόσο σε αυτή τη διαδικασία δεν είναι άλλο από την ισχυρή παρακολούθηση του συστήματος και την διασφάλιση μιας διεθνούς συνεργασίας προκειμένου να μην υπάρχει διαρροή άνθρακα ώστε σταδιακά να επιτευχθούν οι επιθυμητοί στόχοι. Είναι πολύ νωρίς ακόμα για να γνωρίσουμε πώς θα λειτουργήσει το σύστημα αυτό και ποια θα είναι τα αποτελέσματα. Κανείς δεν γνωρίζει ποιοι μπορεί να είναι οι κίνδυνοι που θα προκύψουν όπως για παράδειγμα το τεράστιο κόστος το οποίο θα βαρύνει τις ναυτιλιακές εταιρείες ή να πληγεί η ανταγωνιστικότητα της ευρωπαϊκής ναυτιλιακής βιομηχανίας ακόμα και να μην μπορεί να γίνει monitoring της όλης διαδικασίας. Για να μην είμαστε όμως και απαισιόδοξοι η εφαρμογή ενός τέτοιου μέτρου μπορεί να οδηγήσει και σε αντίθετα αποτελέσματα όπως για παράδειγμα στην ενθάρρυνση της καινοτομίας για τις νέες τεχνολογίες και φυσικά στον απόλυτο στόχο της μείωσης των εκπομπών αερίου του θερμοκηπίου από την ναυτιλία.

Νίκος Κ. Δούκας

Δημοσιογράφος, Μέλος ΕΣΗΕΑ, Τιμητική Διάκριση Δημοσιογραφίας Ιδρύματος Μπότση

Εδώ θα πρέπει να υπογραμμίσουμε πως οι ναυτιλιακές εταιρείες παγκοσμίως βρίσκονται σε ανταγωνιστικό μειονέκτημα έναντι άλλων μη ευρωπαϊκών ναυτιλιακών εταιρειών που δεν χρειάζεται σήμερα να πληρώσουν κάτι για τις εκπομπές διοξειδίου του άνθρακα που προκαλούν. Πάλι λοιπόν τον δρόμο για έναν πράσινο πλανήτη θα χαράξει ο πολύπαθος κλάδος της ναυτιλίας. Σε αυτό το σημείο αν περιπλέξουμε και τα ναυτιλιακά καύσιμα που θα πρέπει να χρησιμοποιεί μία ναυτιλιακή εταιρεία τα πράγματα γίνονται ακόμα πιο δύσκολα. Ακόμα είναι πολύ νωρίς για να πούμε αν τα πλεονεκτήματα ή τα μειονεκτήματα είναι περισσότερα για τον κλάδο της ναυτιλίας. Ας κρατήσουμε λοιπόν τα θετικά του συστήματος ώστε να δούμε μία μείωση του διοξειδίου του άνθρακα που είναι και το ζητούμενο αλλά ας έχουν γνώση οι φύλακες. Πολλά έχουν δει τα μάτια μας.

ΥΠΗΡΕΤΩΝΤΑΣ ΤΗΝ ΕΛΛΗΝΙΚΗ ΝΑΥΤΙΛΙΑ ΑΠΟ ΤΟ 1948

ΜΕ ΣΥΝΕΠΕΙΑ, ΥΠΕΥΘΥΝΟΤΗΤΑ, ΚΑΙ ΑΞΙΟΠΙΣΤΙΑ.

THE PREFERRED FLAG FOR GREEK SHIPOWNERS LISCR HELLAS S.A. ΕΥΠΛΟΙΑΣ 2, ΠΕΙΡΑΙΑΣ ΤΗΛ.: 210 4529670 - info@liscr.gr

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NAFS | DECEMBER 2023 - JANUARY 2024

Emanuele Grimaldi Chairman, International Chamber of Shipping

Maritime is going to be a key enabler of the green energy transition for the entire world

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he entire world has become increasingly aware of the importance of the shipping industry, and the past few years in particular have put shipping on the map of governments around the world. Shipping continues to prove we are a resilient industry, one that is tackling challenges head on, shaping change rather than letting change shape us. It is this outlook that will help us deal with the challenges ahead and make the most of the opportunities they offer rather than seeing them as a barrier. We are looking at the bigger picture, taking a holistic approach and addressing all of our challenges simultaneously. We know that we need to act faster, so that is exactly what we are doing.

When considering the future of the shipping industry, decarbonisation is one of the biggest challenges ahead.

This challenge does not stop at how we decarbonise our own ships. It includes evolving the training that our seafarers are going to need, having new green fuels available at the speed and scale required, and having the capacity to transport the new green fuels of the future for governments and sectors around the world to use.

In July at the International Maritime Organization (IMO), governments agreed on an ambitious new course and the speed that we should all travel to reach the destination.

This latest development can be seen more as a Memorandum of Understanding between member states to achieve ambitious climate targets by 2030, 2040 and 2050. Setting the course is only the start of the journey, now we need the measures in place to achieve our ambitions.

A global economic measure such as the International Chamber of Shipping’s (ICS) ‘fund and reward’ proposal that is aligned with a global fuel standard is key to meeting these ambitious targets. The availability of fuels must be realised – they do not exist at the scale required and those that are available are too expensive.

Emanuele Grimaldi

Chairman, International Chamber of Shipping

ICS’s ‘fund and reward’ proposal sets out a mechanism that will incentivise shipowners to use these new more expensive alternative fuels by narrowing the price gap between them and conventional fuels. A global scheme is preferable to unilateral, regional applications of greenhouse gas pricing measures which will ultimately fail to reduce global emissions to the extent required. It is really promising that Greece’s shipping community supports ICS’s proposal and recognises that only via a global solution can you deliver the scale of transition needed.

Looking beyond decarbonising our own industry, maritime is going to be a key enabler of the green energy transition for the entire world; at least 50% of net zero fuels are expected to be moved by ships (according to IRENA).

We know how difficult pipelines are to build and the reality is that our industry provides the flexibility the world needs to transition at speed and at scale.

If we work with the other industrial sectors our industry has an opportunity to create a new value chain which will also de-risk our own transition. We urgently need to link all the elements of the energy value chain so we can build the ca-

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NAFS | DECEMBER 2023 - JANUARY 2024

Photo: UNSPLASH

pacity to transport these new fuels from producers to consumers. By thinking about our own needs only, we risk missing the big picture. This is why an initiative such as the Clean Energy Marine Hubs (CEM Hubs) is so important. The initiative is a unique partnership between the International Association of Ports and Harbors, the Clean Energy Ministerial, and the International Chamber of Shipping underneath the umbrella of the Clean Energy Ministerial, which is made up of energy ministers from around the world, and of which Greece is a key participant.

The aim of the CEM Hubs is to accelerate the deployment of infrastructure, and to de-risk the investment needed to ensure that the whole world can have access to low-carbon fuels close to the ports for the maritime sector to transport and use. Shipping must also have access to these new fuels, as without shipping the world cannot decarbonise.

I must also emphasise here a threat looming on the horizon that could jeopardise the world’s ability to decarbonise; protectionism.

Decades of progress towards open markets has begun to reverse in recent years, with damaging restrictions imposed as weapons in trade wars or in response to the pandemic.

Countries at all levels of economic development would be better off if even modest reductions were made to the existing barriers. The International Chamber of Shipping quantified our findings into a comprehensive research study: The ICS Protectionism in Maritime Economies Study. This Study is a tool designed to help maritime nations identify the restrictive measures preventing national economies from reaping the full benefits of a more efficient maritime transport service. The Study demonstrates clearly that a lower level of trade-restrictive measures affecting maritime transport could increase some economies’ GDP by up to 3.4% - this is very significant. For shipping to play its full role in the decarbonisation journey, ships must be able to travel between ports without facing unnecessary restrictions to deliver this important cargo.

Decarbonisation will create challenges for our workforce, but this is where there are also opportunities. Together we can create a skilled workforce in an industry that offers excellent career

prospects.

This energy transition and transformation must be a safe one, with the welfare of our seafarers at the heart of our decision making. At COP26 we unveiled the Maritime Just Transition Task Force which has already been making great strides to shine the light on the training that our seafarers will need to capitalise on the opportunity decarbonisation offers.

The Task Force estimates that approximately 800,000 seafarers will need upskilling by the mid-2030s to handle the new green fuels of the future. When you consider that shipping is facing a shortage of approximately 90,000 officers, we have a considerable challenge on our hands.

This is where I see huge opportunities for Greece which can build on its already robust and respected workforce which is over 30,000 seafarers strong. Grimaldi Group has a workforce approximately 12,000 strong, so I am very aware of the scale of the challenges ahead to upskill our seafarers.

To capitalise on this transition, all parties – governments, employers, and trade unions – must collaborate, to align the various training, health and safety, and investment elements.

This need for closer collaboration was a lesson learnt at the recent Seafarer 2050 summit hosted in Manila in June. What also came through loud and clear was that we need to make policy makers understand the value of the seafarer workforce over other trades.

This will require data gathering on an international scale.

The overarching message from the summit was that it is incumbent on all of us to work together, to ensure that shipping’s next steps in response to the climate emergency puts seafarers at the heart of the solution.

We have just twenty-seven years to go until 2050. I know that this might sound like a long time, but I can guarantee that it will pass quickly. Changes take time, the energy transition is not a switch that will happen over night but something that will happen over many years, but we need to keep our spirit of cooperation and momentum going at even greater speed to tackle our biggest challenge yet – decarbonisation. It is only by working together that we can create a decarbonised future for the entire world.

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NAFS | DECEMBER 2023 - JANUARY 2024

Dr. George D. Pateras President of the Hellenic Chamber of Shipping

Digitalisation and the inevitable advent of AI in shipping require a very careful approach

A

daptability and perceptiveness are fundamental principles in the Greek shipping industry.

Coping with unusual, even exceptional circumstances, is part of the daily routine for the shipping companies. The issues mentioned in the question above, concern the shipping industry in its entity. It is to be expected that some operators may not be sufficiently resilient, or even capable of facing these challenges but, as always, newcomers will fill the gaps. This is normal and healthy for our industry. As the earth will continue to rotate, shipping will keep the world trade moving for the benefit of the humanity.

The commitment to change depends on and is subject to exogenous parameters: Technology, Engineering, Fuel production and distribution, Rules and Regulations and Finance, these are the most critical. This is not a blame game but reality. I believe that we are now in a precipice between ignorance, awkwardness and hesitation.

Several experimental projects are under way with various fuels and technologies while intermediate solutions are being applied. Today 8% of the world fleet is fitted with scrubbers while 11% of the order book is for scrubber fitted ships. At present LNG capable vessels are about 1,3% of the existing fleet and 23,4% of the order book.

LNG is a transitional solution but is here now and with a known technology. However, Hydrogen, Ammonia, Methanol, batteries, molten salt nuclear reactors are attracting increased interest some of which is adaptable for specific ship types. We all wish and aspire to combat the climate crisis but expecting shipping, the car industry, animal produced greenhouse gasses or the factories alone to take the responsibility, is unrealistic. There are 400 parts per million of CO2 in the atmosphere; of which only 11% is manmade. At the end of the day will all these efforts produce the desired effect. This is an universal task and depends entirely on the habits and daily practises of each one of us: if the same diligence we exercise in handling our personal finances, is conveyed to the energy we use,

Dr. George D. Pateras

President of the Hellenic Chamber of Shipping consumer goods, garbage we produce, food, travel etc, then we may reverse the climatic change. Extraordinary phenomena such as excessive temperature fluctuations, floods, forest fires and other are caused by the nature’s struggle to fight back.

Why has the ocean temperatures risen so sharply the last 2 years? Could this be the cause of the extreme weather we are recently experiencing? Have we deprived the atmosphere of the reflective effect of aerosolized sulphur oxide in the air since we removed sulphur from fuel. Is this causing the ocean temperatures to rise so sharply, this must be investigated further.

Digitalisation and the inevitable advent of AI in shipping requires a very careful approach. When human lives, properties and the environment are involved, we should not risk adopting frivolously innovative and untested methods and systems, there will be consequences.

Indeed, the shortage of officers and ratings in shipping is a worldwide phenomenon. We endeavour to make the maritime professions more appealing to the young gener-

ation and keep education and training up to date. Despite the growth of the world’s shipping fleets and activities, it is noteworthy that marine casualties and accidents are on the decline over the past several years, this is in part also due to the substantial contribution of better trained seafarers.

The shipping community, in its entity, has serious concerns about some peripheral and untested measures adopted to combat the climatic crisis which were taken in haste. We fear that bureaucratic, impractical, and costly procedures, will not in reality contribute to the common task.

Time will only show.

As said above adaptability is a fundamental principle in shipping. Indeed, from time to time we have to face severe and irregular circumstances. In spite of problems in port and land transport, infrastructure, hindrances in crew changes, supply of provisions and spares, docking and repairs, shipping performed exceptionally well during the COVID pandemic. It effectively fulfilled the duty, as the transport provider for humanity, especially to the remotest parts of the world.

This is still happening now despite the effects of the Russian invasion to Ukraine and the Gaza conflict. It is never possible to predict when and where conflicts will arise or for how long. The effects of economic boycotts and sanctions occasionally have the negative effect.

The Hellenic Chamber of Shipping is closely monitoring the situation on a daily basis and as the institutional advisor to the Hellenic State, intervenes, proposes and initiates actions for the benefit of shipping both in national and international waters.

One of our goals is to ensure the free, safe and efficient flow of goods and passengers worldwide. We are presently focused on setting the path for the replacement of the Hellenic coastal fleet with eco-friendly ships.

This project is progressing parallel to the progress of technology, availability of safe compliant fuels, appropriate engine designs and ecological financing. A further major goal of the Hellenic Chamber of Shipping is to inform and encourage the young generation to follow careers at sea and to upgrade seamen’s education.

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Marina Hadjimanolis

Shipping Deputy Minister to the President of the Republic of Cyprus

Global challenges, such the ones that shipping faces, require global solutions

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s another year comes to an end, international shipping continues to face complex and unpredictable challenges mainly due to its nature, being vulnerable to the volatile geopolitical climate and political and economic developments. Furthermore, the challenges of decarbonization and the green transition as well as the transformation of the way it operates through the digitalization of its processes, undoubtedly have put shipping under extreme pressure. The shortage of seafarers, in particular qualified senior officers, is another main concern of the shipping industry and unfortunately the predictions are rather pessimistic.

Shipping is an international industry, operating in a rather complex and unique framework, involving numerous stakeholders such as shipowners, ship managers and operators, flag and port authorities, seafarers etc. At the same time, we have to recognize the key role of shipping in the supply chain, being an industry that transports almost 90% of world trade. The smooth operation of the supply chain until the delivery of the product to its final destination, cannot be taken for granted. In this respect, I would like to remind you of the case of the vessel “Ever Given” which, in 2021, became stuck in the Suez Canal for six days, affecting trade and creating numerous problems to the supply chain.

I would like to further underline the importance of shipping during global crises and another such typical example is when during the Covid-19 pandemic, food, medical supplies and energy continued to be transported overcoming the unprecedented and unpredicted difficulties.

Taking into consideration the facts that I have already referred to, I firmly believe that in general, global challenges, such the ones that shipping faces, require global solutions, involving all stakeholders in the private and public sectors. Therefore, collective actions and initiatives are needed towards the sustainable growth of shipping, safeguarding at the same time the competitiveness of the sector. Moreover, as I have previously mentioned, because of the unique nature of shipping, we have to understand and recognize its particularities, in order to adapt and incorporate these accordingly, into the relative legal framework. A legal framework that needs to be pragmatic, ensuring a level playing field, avoiding the imposition of unilateral and regional measures and limitations.

In this context, the value and the role that the International Maritime Organization plays, as the leading organization for all regulatory matters relating to international shipping, is crucial. Its role as the primary international forum on shipping matters affecting the sector worldwide, should be strongly supported by all the stakeholders.

In particular, I firmly believe that the IMO has a critical role in safeguarding and strengthening the link between safe, secure,

efficient and environmentally friendly maritime transportation, the development of global trade and the world economy.

Undoubtedly, the maritime sector should contribute its fair share to the decarbonization and energy transition and closely follow the developments with regards to digitalization. We recognize the will of the industry in this direction and in this respect, we need to listen and discuss the justifiable concerns that have been expressed.

Having a complete picture of the difficulties and obstacles, but also the particularities of the sector, creates the appropriate conditions to formulate sustainable policies. Furthermore, it is of paramount importance to invest and promote in research and development programs in shipping and support innovative initiatives and actions.

With respect to the problem of the shortage of seafarers and in particular senior qualified officers, I strongly believe that it is our duty and obligation, as a shipping community, to collectively tackle this matter. We all know very well, the significant role of the seafarer as one of the main pillars of the maritime operations.

Therefore, we have to invest in maritime education, creating the necessary conditions for the development of a maritime culture in the new generation. Of course, it is equally important to ensure and further improve the working and living conditions of seafarers onboard our ships.

Cyprus, as an island with a long maritime history, attaches great importance to shipping. Our actions and efforts are not restricted to the further development of our Registry of Ships and our maritime cluster, but also extend to strengthening our role in the international maritime scene in order to have an active participation and significant contribution in the formulation of international and European maritime strategies and policies for the sustainable development of the maritime industry. In this context, we actively participate in the deliberations in the IMO and the EU, contributing to the efforts for decarbonization, while we have prioritized the need to support and promote maritime education. Furthermore, we are committed to continue relying on policies based on principles and values governing international law, ensuring at the same time a level playing field, supporting the long-standing policy of bridging the gap between developed and developing States, Flag and Port States, promoting constructive cooperation.

In closing, I would like to express my confidence that shipping will continue to substantially support the world economy.

Acknowledging the challenges that maritime transport faces as well as the unstable environment, I reiterate that we need to collectively work towards a sustainable growth of international shipping, safeguarding the competitiveness of the sector.

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Theo Xenakoudis

Chief Commercial Officer and Managing Director, Piraeus, International Registries, Inc.

To meet the challenges of 2024 and beyond we must work together

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(IMO), IRI has formalized Gas and Renewables Teams. These teams evaluate and assess new and alternative energy sources, such as floating offshore wind turbines (FOWTs), as well as solutions and options for low sulfur fuels, liquified natural gas (LNG), and more. These team members from around the world provide clients with unparalleled technical insight and knowledge to help future-proof their decarbonization strategies and solutions.

hipping has always been an adaptable and resilient industry.

Since the first ships left the shores of ancient civilizations looking to trade, the maritime industry has constantly adjusted to meet the economic, technological, and social circumstances of the day. A critical link between communities, the shipping industry supports today’s modern global economy, resulting in a world more interconnected than ever before.

Therefore, the challenges and opportunities the industry faces from digitalization, decarbonization, a changing labor market, and new environmental solutions, will require long-term and collaborative solutions. Companies and industry leaders that are prepared to strategically meet these challenges will forge ahead.

The industry has committed to a sustainable future, and many owners and operators of RMI-flagged vessels are already availing themselves of new technologies and alternative fuels. In August 2023, the RMI Registry announced that it would flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carrier, ordered by Capital Gas Ship Management Corp. In late 2022, operation commenced on the world’s most advanced drill ship operated by Transocean and flagged by the RMI. Owners and operators from cargo to cruise and yachts are incorporating sustainable technology and solutions on board, representing their commitment to the future of the industry.

Resiliency, action, and strategic planning are part of the fabric of our industry. International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime Registry, has taken a long-term approach to resiliency and strategic planning to carefully prepare to meet these challenges while remaining committed Addressing the challenges in the Chief Commercial Officer and Managing Director, to change and advancement. labor market, the RMI RegisPiraeus, International Registries, Inc. We are committed to enhancing try continues to partner with operations, improving customer leading institutions and trainservice, and staying a step ahead ing facilities around the world of marketplace challenges so that the Registry’s clients can take to increase awareness about the wide variety of careers in the advantage of the resulting opportunities. maritime industry. The Piraeus office participates in local and regional seminars, workshops, and events for students and cadets to In the areas of digitalization and decarbonization, the RMI Registry increase their understanding of the industry, as well as exposure to has seen significant and unprecedented collaboration and coopthe wide range of careers both at sea and shoreside. Additionally, IRI’s office in Manila partners with seafarer training facilities eration across the industry. Together with colleagues at classifito ensure that curriculum and technical skills meet the needs of a cation societies, manufacturers, and governments, our team of modern fleet prepared for the future. technical experts has worked closely on several joint development and research projects to evaluate, assess, and review emerging Since 2020, we have worked together as an industry to collaborate technologies and solutions to meet the challenges of digitalization and cooperate to find a path through unprecedented global restricand decarbonization. These projects rely on the cooperation and interaction of all parties, and the results have allowed tions on travel and trade, come together to address the challenges owners and operators to make informed decisions as they act to faced by climate change, and modernized to embrace a digitalizing future-proof their companies and operations. To increase resilience world. To meet the challenges of 2024 and beyond, whether they while meeting forthcoming environmental regulations, such as the be decarbonization, digitalization, global political situations, or a 2030 targets set forth by the International Maritime Organization changing labor market, we must work together.

Theo Xenakoudis

CERTIFIED ENGINEERS Our experienced engineers are up to date with the current technologies, on the below company.

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John N. Cotzias

President of the Hellenic Shipbrokers Association

Economic Headwinds, Geopolitical Storms: The Global Shipping Industry Braces for a Bumpy Ride

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he year 2024, the Year of the Dragon for China, is set to bring significant changes to the global shipping industry. As we assess the broader economic landscape and its impact on shipping, our primary focus remains on China’s economic trajectory. While global GDP growth remained subdued during 2023, particularly in goods-producing sectors, the global economy has largely avoided recessionary conditions. However, China’s economy is still in the process of finding its footing. China’s GDP expanded by 5.2% year-over-year (YoY) in Q4 2023, a slight improvement from the 4.9% growth in Q3, but still below market expectations of 5.3% but more than the official government target of 5%. While Chinese authorities’ stimulus packages have had a positive impact, they have not yet translated into stronger steel demand or iron ore trade.

On the other hand, the dry bulk market has been propped up by China’s coal imports, accounting for most of the growth witnessed throughout 2023. However, the continued weakness in the property market has also negatively impacted dry bulk shipping. Looking ahead, we anticipate a gradual upward trend in the Chinese economy over the next 12 months. While the European economy remained relatively stagnant throughout 2023, we expect to see a recovery in activity in the second half of 2024, coinciding with China’s implementation of its mandate to construct strategic coal storage facilities over the next few years. Furthermore, Rio Tinto, the world’s largest mining company, shares our optimism, anticipating a gradual economic recovery in China driven by stimulus measures, particularly after Q2 2024. In fact, robust economic activity in China, fuelled by stimulus packages, has already led to a 5% increase in Rio Tinto’s iron ore production in Q4 2023.

China has presently very high stockpiles of coal and that is why we say that after two quarters there are chances to see more demand for coal imports from China. Right now, coal demand and coal shipments are decreasing and that is one of the reasons

boost consumption and this is what shipping requires. We have read estimates that in 2024 growth in demand will be close to 4% year over year.

The geopolitical events we’ve observed throughout 2023, particularly intensifying towards the end of the year, have heightened tensions in and around the Red Sea and the Suez Canal. These developments are undoubtedly poised to have short-term implications for nearly all shipping sectors.

However, the precise way these events unfold and their long-term impact on shipping and supply chains will hinge on the duration of this heightened threat and the response of global powers to the situation off Yemen.

John N. Cotzias

President of the Hellenic Shipbrokers Association that Capes and dry in general are correcting. Chinese New Year also is a commonly known seasonality that will give us some sort of indication after 18th of Feb 2024 when the new year festivities are over. On the Supply side we expect about 520 Bulkers (36.5mil dwt) to be delivered in 2024 and another 560 ships (or 44.4mil dwt) in the years to follow. If all orders are delivered as penned, this is an annual increase in no of ships of 3.8%, and we exclude the vessel scrapping which last year was around 8mil of dwt capacity which makes supply demand equation manageable and in accord to world growth, thus we feel in 2024 market balances will be somewhat matched as where they were in 2023. Current Bulker orderbook stands at 1104 ships (8.2%) of 82mil DWT (8.2%) – In brackets is the orderbook to fleet ratio.

If we look for a bright spot globally, we think we should start focusing on India. In 2023 we have seen some strong growth rates in India, and we expect to see this continue into 2024. Interest rates in major economies remain elevated. But they’re of course starting to return to more normal levels, deflating economies and bringing prices to more affordable levels, which in turn may

As we’ve seen, markets are notoriously volatile, and this volatility could potentially translate into short-term gains. The sector has experienced a rollercoaster of ups and downs in recent months. Adding to these oscillating market dynamics is the disruption of the Suez Canal, which has caused significant disruptions to global trade.

At this juncture, it’s difficult to accurately assess the overall impact of these events.

As mentioned earlier, the key factor is the duration of the Red Sea situation.

The Suez Canal is the shortest shipping route between Europe and Asia, and through the Canal passes about 30% of the total container traffic, 12% of gas carriers, 8% of dry bulk carriers and 9% of oil tankers. In total 12% of all world trade transported by sea goes through Suez. We are talking about a passage that when it was blocked for more than a week in 2021 when the Ever Given closed the Suez inbound/ outbound crossing, the supply chain problem was huge, but the impact on consumers was ultimately relatively small. This time, however, trade is disrupted not by accident or a mistake, but by the deliberate actions of a determined well trained armed militant group. The result could be a prolonged and extensive impact on trade. All is very uncertain. To Note that more than a trillion dollars per annum is the value of goods

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Photo: UNSPLASH

The cost of a 40-foot container from Shanghai to Piraeus has surged from approximately $1,200 in early December 2023 to over $6,000 in mid-January 2024, reflecting the increased costs associated with longer transits. These additional costs are further compounded by the EU-ETS emission trading system, which came into effect on January 1, 2024, adding further expenses to shippers. transported through Suez.

The tanker market in 2023 was characterized by high levels of volatility, with significant swings in spot earnings across various markets. Despite this volatility, the overall trend was one of strengthening earnings. This positive performance was largely attributed to the broader geopolitical situation, which has a significant impact on the tanker sector. Policy decisions at international, national, and corporate levels have played a pivotal role in shaping the market.

OPEC’s production cuts and the lifting of US sanctions on Venezuela, along with the ongoing conflict in Russia and Ukraine, have all contributed to a redistribution of cargo flows, alterations in trade patterns, and the introduction of new routes. These developments have led to increased ton-miles, benefiting the tanker sector. Despite the anticipated moderation of geopolitical and policy factors in 2024, earning levels are expected to remain relatively robust. Even if tanker time charter levels decline by 15%, earnings will still be well above historical averages. We observe the low level of new tanker deliveries in 2023 and 2024, with only two VLCCs scheduled for delivery in 2024, and that will further support the tanker market. Current Tanker orderbook stands at 586 ships (7.8%) of 48mil DWT (7%) – In brackets is the orderbook to fleet ratio.

Coming back to the supply side, we need to look at each sector individually. Although we have showed the orderbook to fleet ratio in Tanker and Bulker markets we see that these two sectors are not threatened

by the NB orderbooks, but this is not the case in the container markets. We are seeing a huge orderbook in the container market which is already starting to be delivered and we expect to see a lot more tonnage hitting the water within the next 2 years. Now looking at the container freight market in 2023, it had plunged back into reality following the unprecedented rise we witnessed during the pandemic in both 2021 and 2022. Container market was affected by the large influx of tonnage that has been entering the active fleet, which is about 1.5 new container ships delivered every day during mid-2023 and 2024 with this frequency expected to continue all this year.

China is dominating the global new building order book for container ships, but we will continue to see fewer container ships being ordered as the big surge occurred 2 years ago, when the freight rates at historical highs enabled owners to have plenty of cash reserves. But just how bad is this overcapacity going to be? Many heavy burning non-Eco container vessels which are now being replaced by more economical ships, utilising the latest fuel efficiency technology, will have to exit the market to leave room for the coming newbuilds. Despite the overcapacity issue, we now face several other factors coming into play in the container shipping market. We have the restrictions with the Panama Canal due to the water shortage issues they are facing, but the global aggregate impact of the Panama Canal doesn’t seem that significant so we should focus entirely on the recent diversions from the Red Sea and Suez Canal around Africa due to the already explained extreme situation.

If we look at these, what impact could these have on the container market as we move into 2024? As we mentioned 30% of the container trade goes through Suez, so we will focus entirely on this segment as the impact of the Suez Canal deviation on Drybulk and Tankers which have less than 10%, are less severe.

Given that approximately 30% of global container trade transits through the Suez Canal, the ongoing disruptions in the Red Sea have the potential to significantly impact the container shipping market in 2024. The decision by major carriers to temporarily halt transits through the Suez Canal has added significant additional distance to shipping routes, potentially prolonging transit times and driving up container shipping costs. The impact of these disruptions is already evident. The cost of a 40-foot container from Shanghai to Piraeus has surged from approximately $1,200 in early December 2023 to over $6,000 in mid-January 2024, reflecting the increased costs associated with longer transits. These additional costs are further compounded by the EU-ETS emission trading system, which came into effect on January 1, 2024, adding further expenses to shippers.

The extended transit times also strain the availability of empty containers, creating logistical challenges and potentially leading to shortages of goods and delays in receiving shipments. These disruptions could have a ripple effect throughout the supply chain, impacting businesses and consumers alike.

Your link to the future of shipping.

www.oceanking.gr

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Marie Caroline Laurent Director General, CLIA Europe

Cruise Industry Rebounding with a Focus on Sustainability

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fter three years of reduced operations, the cruise industry has rebounded during the last year to return to, and even surpass, our pre-pandemic growth trajectory. This growth trend shows the extraordinary resilience of our industry, and our ability to adapt to new trends and requirements. It is a testament to how well our industry pays attention to the need to evolve and innovate.

These positive passenger numbers show that we are becoming one of the most attractive forms of tourism. Today, more and more people want to cruise. Almost 90% of cruisers say that they intend to get onboard again and two out of three of those who have never embarked on a ship are open to a cruise holiday.

Another interesting trend is the fact that cruise passengers are becoming younger. This changing demographic of cruise travellers is an extremely positive sign that can give us confidence for the future. Over time, we continue to diversify our offer and nowadays there is a cruise for everyone.

We see onboard both multi-generation families as well as solo travellers; couples and groups of friends; young and old; those who are looking to relax and those who want to explore and live the adventure.

But we take nothing for granted. Cruise lines together with our partners will keep evolving and investing. These investments include the modernization of our fleet and the massive investments in new technologies to reduce our environmental impact. In this respect, we can argue that the cruise industry is a leader in the maritime transition towards a future of low to zero carbon fuels.

Of 44 new ships that will be built in the next five years, 25 will be LNG-powered and 7 either methanol ready on delivery, or methanol capable.

Cruise lines are making significant investments to reduce emissions at berth and at sea. We are diversifying energy solutions by incorporating multi-fuel engines, trialing fuel cell technology, wind - including solid sail technology, as well as photovoltaic solutions and battery storage for power saving.

With 32 pilot projects underway with sustainable fuel producers and engine companies, we are pursuing fuel flexibility,

investing today in propulsion technologies with conversion capabilities for the future.

We are truly at the forefront of innovation.

Achieving our collective sustainability ambitions requires substantial investment. It also requires partnership between the public and private sector. The cruise industry is doing its part. We also need governments to act - to support research efforts, invest in port infrastructure, and to provide a clear and stable regulatory landscape.

It is also worth noting that achieving environmental goals can also produce a positive economic impact. And it will mean that Europe can maintain its leadership in the sector.

To give an idea of the scale of investment involved: cruise lines are investing almost 58.5 billion euro for 44 new ships that will set sail in the next five years.

As more than 90% of all new cruise ships are built in Europe, the cruise sector is a major contributor to European economies.

In Greece, the cruise sector generates more than 1.1 billion euros annually for the national economy and supports more than 15,000 jobs in the country.

The economic impact of a cruise ship does not end with its construction. Every time a ship docks in a port, it provides a boost to local businesses, with cruise passengers spending an average of 100 euros at each destination. In addition, more than 60% of passengers return to visit locations they first visit by cruise, providing a long-term economic benefit to these destinations.

If you consider that Greece has around 40 cruise destinations that record close to 5.000 cruise ship calls each year, you might imagine the importance of the cruise tourism for the entire country.

More widely, the Eastern Med is considered by the cruise lines as a destination market with a potential yet to be unlocked: a region with a vast range of countries, culturally diverse, bringing together three different continents. The region is vulnerable to geopolitical tensions and, like a domino effect, tensions in one country can impact the entire region. We saw this in 2016 when instability in Turkey affected cruising in Greece.

And we see now in the Middle East with the ongoing conflict of the Israeli-Hamas war.

Cruise operators place their priority on the safety of passengers and crew, and adjust

itineraries as needed in the Eastern Med. The degree to which the region will be affected from the cruise perspective is largely unknown and our thoughts are with all who are impacted.

Greece itself is in the top three main cruise destination markets in Europe and is seeing great growth in recent years.

While we welcome this growth, it is of paramount importance to us that we work jointly with our partners in Greece for the sustainable development of the cruise sector in the country.

CLIA members are investing in Greece.

We want to continue building our presence and see a bright future for our industry, for our crew, our guests, our partners, and suppliers, and for the coastal cities and communities. Our future success relies on every player in our ecosystem having a positive experience.

We cannot do it alone. We must work together with our partners to create holistic solutions to sustainability.

At the end of last year, we were pleased to present a proposed Action Plan to the Greek Government with the aim to maximise the benefits to Greece from cruising and help to unlock its potential for sustainable growth as a cruise hub. Our plan for the next five years, which was well received by Ministers, is based on five key pillars. The areas covered by the action plan include: development of homeporting activities, the opening of new destinations, and the need for port infrastructure to meet the requirements of the EU Fit for 55 legislation, as well as the potential for cruise shipbuilding in Greece, the extension of the cruise season, and opportunities for seafarers were all on the agenda.

It is clear we need to collaborate with public authorities and ports to secure the infrastructure necessary for our future sustainable growth. We need port terminals suited to the needs of our passengers, sufficient and automated border control facilities. We need investment in ports to offer shoreside electricity, considering that less than 2% of the world’s ports have this facility available.

We need bunkering infrastructure for the fuels of the future.

We need to work together – cruise lines, suppliers, terminals, ports, and destinations. By working together, we will sail towards an even more sustainable future.

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Spyridon Zolotas

Marine Southern Europe, Middle East & Africa Area Senior Director, RINA

RINA’s Vision for the Future

A Commitment to Innovation and Sustainability

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he shipping industry is facing huge challenges to decarbonize and meet the targets set by IMO 2030 and 2050, but it is already making visible and effective efforts to be on the right path. With still much uncertainty around which technology will be the forerunner to meet emission reduction targets for the future, shipowners have to plan their investments now; they will surely have to make choices outside the norm but, to this day, much of the new build order book remains with traditional fuels or LNG. However, we need to start reducing emissions immediately. The challenge faced needs to be addressed on all fronts: new fuels, new technology, and new ways of operating. Classification Societies are evolving into professional transformation advisors and regulatory experts for an uncertain commercial world.

There is no crystal ball to tell us what the prevailing solution will be for the decarbonization of shipping. No option can be excluded, and all technologies and alternative fuels must be explored. On the other hand, the world fleet ages, new building activity continues, and owners’ investment must be secured. Opting for new ships with the flexibility to adapt in a rapidly changing world, is the key value that needs to be implemented in the ship design of today.

When considering new fuels, shipowners are faced with problems relating to available onshore infrastructure and knowing which fuels will be readily available for bunkering in the future. In the light of the above considerations, we signed a joint Development Project with Maran Dry Management Inc. and SDARI for an LNG and hydrogen powered 210,000 DWT bulk carrier. The project is based on a propulsion arrangement which reduces the running machinery at sea and combines the ship’s fuel (LNG) with steam to produce hydrogen. The project sees the design, which was launched last year for an MR tanker, in its first application for a bulk carrier.

Spyridon Zolotas

Marine Southern Europe, Middle East & Africa Area Senior Director, RINA

Hydrogen appears to be one of the most promising fuels to reduce CO2 emissions and, by producing it onboard, shipowners could take away the risks associated with its use as a fuel in terms of availability and price and embrace the advantages today. Through LNG, a widely available fuel, and steam reforming, a fully developed technology, with pre-combustion carbon capture, hydrogen and CO2 can be produced onboard. Then they can be separated by means of the cryogenic temperature (-163oC) at which LNG is stored in its tank.

Since LNG offers an immediate and significant reduction of GHG emissions, an LNG fuelled vessel doesn’t need to have the reformer installed upon delivery from the yard. This

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challenges, RINA has developed a series of tools and services. operation can be done at any following drydock the shipowner conOur web-based applications are installed both onboard all vessiders suitable and could even be postponed even beyond 2035. sels and onshore ensuring availability of data everywhere. The web Engine technology can already burn today 25% volumes of hydroapplications are constantly synchronized, exchanging data in both gen and increased percentage will follow rapidly. The progressive directions. By monitoring fleet operations through a cloud-based live addition of H2 in the mixture, reduces the GHG emissions as it streaming from ship(s) to shore, shipping companies can also take improves the H/C ratio of the fuel, the combustion and reduces data driven decisions to improve business operations. substantially the methane slip, making it negligible.

Our offering spans from a complete Fleet Management System to Of course, to encourage the industry to invest in new fuels/ Performance Monitoring, Vessel Reporting System and Electrontechnologies it is of paramount importance to have the reassuric Logbooks. The SERTICA Fleet Management System not only ance that the safety standards for their use are being harmonized. ensures safe, environmentally friendly operation and minimizes In this respect, class societies and the work that bodies such as the costs, but also optimizes maintenance efforts, increases awareness IACS’ Safe-Decarbonisation Panel, chaired by RINA, are doing toabout equipment availability, and monitors the rate of equipment gether with all stakeholders will surely introduce common criteria to deterioration. support the safe design of systems for the use of new technologies.

Digital solutions are essential for effective management of reporting The Vessel Reporting System is a requirements and adhering to environmencomprehensive solution covering all tal legislation which has become increasWe need to start reducing noon reporting needs as well as standard ingly complex. emissions immediately. Hyreports for EU MRV, IMO DCS, CII, and Performance. The owner has the flexibility Shipping must leverage the benefits of drogen appears to be one to create his own reports. CII index can digitalization to strengthen the resilience of the most promising fuels be calculated by setting up reports in the of the maritime supply chain, promote to reduce CO2 emissions.

Vessel Reporting System to get an accusustainable development, and ensure rate and comprehensive picture of a ship’s compliance with all regulatory frameworks. Of course, to encourage the carbon emissions and energy efficiency.

The effort to increase automation in industry to invest in new Vessel reporting simplifies daily workflows, shipping offers the opportunity to enhance fuels/technologies it is of increases quality of data, and connects onboard safety and to improve environparamount importance to all stakeholders to one report. The Vessel mental performance, but also to grant Reporting System (VRS) not only helps reassurance to more efficient and sustain- have the reassurance that able shipping. the safety standards for their ships and operators comply with current reporting regulations but also prepares and use are being harmonized. adapts them for future challenges from a One of the challenges of modern shipping more and more interconnected world. is the need for accurate ship performance status, informed decision-making, and efficient operations and SERTICA Electronic Logbooks are designed to adhere to the reporting. To address this, it is crucial to have reliable datasets. relevant MARPOL regulations, assisting shipping companies in Collecting data onboard is just the first step, organizing and collecting data to ensure compliance with regulatory requirements. validating the data is also essential to enable sophisticated analysis The implementation of digital solutions can provide a strategic adusing powerful tools. With such data management in place, it vantage through data-driven solutions. By analyzing data collected becomes possible to simulate operations and achieve set targets over extended periods, businesses can make informed decisions while meeting regulatory requirements. that improve performance and efficiency daily.

Additionally, interconnectivity and integration among all different In conclusion, innovation is at the heart of RINA. We are continually applications that are currently used by shipping companies and of reviewing, adapting and issuing new services and support that align course the exchange of data is a vital element for a successful use with the changing challenges the industry is facing. In particular, of digitalization. This will be essential for the efficiency and sustainwe have a strong programme of recruitment and are continuously ability of the digital tools in maritime industry. looking to invest in new people with new ideas. We have adopted The integration of digital tools will eliminate inserting the same full smart working practices and have developed our facilities to data in multiple sources with the potential of an error to increase promote innovation. The ability to adapt and provide innovative exponentially. The greater level of collaboration we achieve services that our customers need is clear from the growth we have among digital tools, the higher the engagement of the crew to been experiencing within the marine sector. We have seen excepuse them.

By leveraging such tools, businesses can gain valuable insights into tional growth year after year, increasing our fleet substantially more their operations through real-time data feeds and alerts. This optimi- than other class societies. Last year we experienced 17% fleet growth and now have nearly 9,000 vessels and 70 million GT. zation process can lead to enhanced efficiency and effectiveness in RINA has recently issued several new services, including DOLPHIN shipping operations.

QUIET, for the protection of marine flora and fauna, SUSTAINABLE SHIPS, and BIOSAFE additional notations.

In our attempt to assist the shipping community to overcome daily

MALAYSIA MARINE & HEAVY ENGINEERING MARINE DRYDOCKING REPAIR CAPABILITY

FACILITIES

INFORMATION & DIMENSION

385m x 80m x 14m

DRY DOCK 2

270m x 46m x 12.5m

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Elpi Petraki

Chartering, Operations and Business Development Manager at ENEA Management, President WISTA International and 2nd Vice President Hellenic Shortsea Shipowners Association

Decarbonization, digitalization, and diversity are the top priorities for the shipping industry

D

ecarbonization and digitalization alongside diversity are the top priorities for shipping and committing to these issues creates new roles and opportunities that can themselves boost the sustainability of the maritime industries.

We are in a transitional period where the first steps toward the way we will work in the future are being taken. And the ways forward are starting to take shape.

Decarbonisation is essential for the planet’s future and alongside AI and digitalization it will affect the ways the industry works and the workers that do the jobs. It will be a difficult path, but shipping will transform in a positive way if we all work together.

First, we need greater clarity on which of the alternative fuels offered to advance decarbonisation in shipping will be most successful and widely available. Even now LNG fuelling and electric cold ironing facilities are not available at many ports even though both technologies have been available for years.

Today, while many foresee a future where a mix of fuels will be needed to meet decarbonization targets, such a scenario implies huge additional research and development investment by engine makers and shipbuilders. Furthermore, where large shipping groups may be able to fund experimentation with different options, shipping’s smaller players will need specific – and proven - solutions to retrofit.

Within the next two to three years a lot can be done using relatively easy to apply solutions, such as low friction hull coatings to help vessels move more efficiently through the water and cut fuel use, propeller modifications and even changing lights or fitting solar panels. And we can also look at adding wind sail rotors to assist propulsion.

Digitalization will help us in many ways to make shipping operations more efficient, cutting fuel use, ensuring just-in-time arrivals, and increasing transparency as well as ensuring regulations can be adhered – although we still need global not regional approaches to rules. Sensors on vessels will provide real time operating data too.

For example, much is already being achieved with digital applications like weather routeing, sharing information to ensure spares are onboard, monitoring maintenance and crew matrixes such as rest periods as well as clearer visibility of market information.

We also need to consider the implications of digitalization on the workforce. From one perspective, shipping will be affected by labour shortages, and will need to upskill to prepare seafarers and onshore staff for AI and digital solutions – at a time when more training resources are also needed for cybersecurity, changing trading models and the consequences of global conflicts.

From another point of view, the importance of data and the digital transformation on land and at sea is creating new roles, which help to level the playing field between men and women as both can have the desired skills and experience. Bringing in a wider range of technologies and a wider diversity of talents has the potential to make the growing industry more attractive to the younger generation.

In the same way, adopting solutions that reduce the impact of shipping on the environment can help to create a virtuous circle that attracts the next generations for whom protecting the environment – and indeed diversity - are principles, rather than aspirations.

The 2023 Deloitte Gen Z and Millennial Survey showed that many Gen Z and Millennials make career decisions based on val-

Elpi Petraki ues – they want to work for organisations where they feel empowered to drive change. Dealing with climate change is considered a ‘top three’ value while poor efforts by employers around diversity, equity and inclusion are often cited as a reason for turning down job offers.

At this moment of opportunity, we can capitalise on the momentum to take things to the next level across the issues of decarbonization, digitalization and diversity.

All of them remain a challenge, but by working together we can share the load in overcoming these issues.

We are not talking about women replacing men. Rather, our aim must be to create a fairer, discrimination-free environment where there are equitable opportunities.

It is about inclusion and respecting people from all walks of life for the valuable insights and experience they can offer. The shipping industry needs to show not only that it cares, but how much it is changing to attract new talent.

Research and common sense indicate that diverse teams with different perspectives deliver superior decision-making and results.

Acceptance of this is vital in ensuring the maritime industry improves and attracts the new talent that can deliver on decarbonisation and digitalization - otherwise it will be left behind.

On a positive note, according to the 2021 BIMCO/International Chamber of Shipping Seafarer Workforce report, the number of women serving as seafarers has increased by 45.8% compared to 2015.

However, women still only make up 2% of the seafaring workforce and the IMO/WISTA Women in Maritime survey revealed that women only account for 29% of the overall workforce within the maritime industry. I hope the second Women in Maritime Survey in 2025 will show significant improvement.

One area where women are currently represented in greater numbers is the ESG and sustainability sectors, but this cannot be our benchmark for true equality and achieving environmental or technological progress.

Much remains to be done, but the cliché of “actions speak louder than words” has never been truer than it is today. We need to move beyond discussions and start putting measures in places that will bring about lasting change. We must work together, otherwise it will be impossible to achieve the changes that are needed to secure the industry’s future.

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Vassilis Korkidis

President PCCI (Piraeus Chamber of Commerce & Industry)

Shipping’s Transformation | A Tale of

Challenges, Innovations, and Human Resilience

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hipping has proven its flexibility, managing to adapt to geopolitical challenges such as piracy, sanctions and regulations. In terms of regulations, the environmental footprint of the international shipping industry needs special attention, as according to research by the United Nations Conference on Trade and Development (UNCTAD), more than 80% of international trade in terms of volume is transported by sea. Voluntary and mandatory measures taken, mainly by IMO, to reduce environmental footprint of the international shipping industry, have direct and significant impact on shipping market participants such as, inter alia, shipping companies, charterers, shipping finance banks and institutional investors, who are called to face climate change as a financial risk. In this context, in June 2019, a total of 18 leading banks agreed to incorporate climate change criteria into their lending decisions as part of Poseidon Principles. The dynamics of “Poseidon Principles” are impressive, as for the year 2023 the majority of banks participating in the initiative are fully aligned with IMO’s 2050 target.

It seems that shipping industry will continue to look for the “appropriate solution” regarding the issue of green fuels, given that there are many proposals which, however, require huge investments either to adapt ships to the new fuels or “build” ships with specifications for the use of “green fuels”. The latest figures released by DNV’s Alternative Fuels Insight (AFI) platform show a total of 298 alternative fuel powered vessels ordered in 2023, with methanol becoming “dominant”. Also, in 2023, were placed the first 11 orders for ships functioning on ammonia. It is worth noting that, as long as shipping is looking for the “appropriate solution”, the order books of the shipyards will continue to reflect the choice of “dual fuel” but also, on a theoretical level, the “ambiguity” created by the “green transition”.

After stagnating in 2022, and despite the bleak economic forecasts at times last year, global marine trade rose by 3%, to 12.4 billion tons. “Clarksons” forecasts 12.6 billion of marine shipments in 2024 despite geopolitical tensions in the Black Sea, Eastern Mediterranean and Middle East. The re-routings caused by the Houthi attacks in the Red Sea showed that shipping is not “blackmailed” as there are always alternatives, regardless of whether they turn out to be more expensive in terms of costs that are ultimately pass on, as usual, to end consumers.

As far as digitization and new technologies are concerned, shipping is making steady progress in adopting new technological proposals.

However, from the data known to date, the necessity of retraining a significant number of sailors has emerged. DNV estimates that around 750,000 seafarers will need to undergo enhanced training by 2050 to manage alternative fuels and technologies.

This shows that it is now more important than ever to invest in crew retraining and skills development, as “producing” experienced and well-trained seafarers to manage the new generation of ships

Vassilis Korkidis

President PCCI (Piraeus Chamber of Commerce & Industry) is one of the top priorities for the shipping industry today. Given that the newly built units that “dropped” into the sea last year and those scheduled to drop in the next two years have adopted digital technologies and new propulsion systems, it becomes obvious that the aforementioned number of seafarers, who will be called upon to man the ships, should probably be increased, as the existing capacity covering the global fleet cannot be cloned. Certainly, shipping will be called upon to face the issue of human resources and the attraction of young people to the maritime profession, which is the major issue at the present time. At this point, we should mention that the Union of Greek Shipowners has launched a campaign to attract young people to the maritime profession, while, at the same time, the responsible ministry for maritime affairs has “declared” the current year the “year of maritime education”, demonstrating this way its importance for the production of officers - and not only – that they will cover the needs of the Greek fleet, having the appropriate training based on the new data created by the new digital and non-digital technologies introduced.

Challenges and “stakes” are many for shipping whose flexibility is mainly due to its people who have learned to deal with storms and bumps, in a business and operational field that is never static, just as fluids.

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Carl Schou

CEO and President of Wilhelmsen Ship Management (WSM)

Fostering Resilience and Embracing Change Maritime Industry’s Path Forward In the ever-evolving maritime industry, maintaining resilience and a steadfast commitment to change is not just a strategic option but an imperative. To navigate the multifaceted challenges posed by decarbonization, digitalization, geopolitical tensions, labor shortages, and stringent environmental regulations, the industry must adapt and thrive in a rapidly transforming landscape.

To keep our resilience and commitment to change, we must incorporate a purpose into our long-term business strategy. A purpose is important to ensure that all stakeholders are motivated to achieve the common mission. A shared purpose creates a sense of belonging where stakeholders are inspired to make changes to take whatever action they believe best furthers it’s purpose.

Net Zero is a purpose common for most in the maritime industry.

However, the vision of net zero can mean differently to each stakeholder and at varying different time frame. The varying factor greatly depends on the availability of resources of a company, typically bigger players are first movers while smaller players adopt a wait and see approach. This is also notable when it comes to environmental regulations, some companies strive to go beyond compliance on environmental regulations while many choose to just remain compliant. Beneath this disparity, it is important that the industry collaborates to lift the industry together in a just transition where no one is left out.

Achieving a net-zero future involves another crucial equation: the simultaneous development of competence alongside cleaner fuels.

It is imperative that we build a robust pipeline of competent seafarers capable of operating vessels fueled by cleaner fuels. Embracing a multifuel future necessitates an investment in training to ensure that seafarers possess the necessary skills to operate these new fuels safely and efficiently. Competence development should be an integral part of the transition towards cleaner, more sustainable maritime practices.

In today’s maritime landscape, digitalization is no longer just an option; it’s a fundamental necessity. Everyone in the industry is expected to embrace digitalization as a core component of their operations. The differentiator lies in the degree of excellence achieved in implementation. Digitalization stands at the forefront of realizing shipping’s net-zero aspirations. It empowers the monitoring of emissions and serves as a pivotal tool for informed decision-making. And like anything else, digitalization is one area that is subject to most changes and fast paced. Developing a long-term data or digital strategy is crucial to ensure any future radical or incremental changes done in your digital landscape are aligned with your vision. To invest effectively in digitalization and realize a compelling return on investment, it’s equally crucial to establish efficient data management strategies that unlock the full potential of the data. In essence, investing in digitalization isn’t merely an option—it’s a stra-

tegic imperative to stay competitive and drive sustainable growth.

Like other industries, labor shortages are a persistent issue faced by many. Diversity, Equity and Inclusion (DEI) initiatives create a more attractive, inclusive, and equitable work environment that not only helps maritime companies address current labor shortages but also positions them well for future workforce challenges. DEI efforts focus on attracting and retaining individuals from diverse backgrounds, including those who may have been underrepresented in the industry. By doing so, maritime companies can tap into a broader and more varied talent pool. Labor shortages often occur because certain groups are underrepresented or face barriers to entry. DEI programs actively work to attract these groups, such as women, minorities, and individuals with disabilities, thus addressing specific shortage areas. Diverse teams have also proven to be more innovative. They bring different perspectives, experiences, and problem-solving approaches to the table. This can lead to creative solutions for addressing labor shortages and other industry challenges.

Geopolitical tensions wield significant influence over the shipping industry, given our pivotal role as facilitators of global trade. While this isn’t uncharted territory for us, effective management of these shifts hinges on the development of robust risk management and contingency strategies. The fundamental in managing the changes is to develop comprehensive risk management and contingency strategies. These strategies should address supply chain vulnerabilities and ensure business continuity.

In this evolving maritime landscape, resilience and adaptability are the cornerstones of success. By creating a just transition where no one is left behind, investing on digitalization, promoting diversity and inclusion, and proactively managing geopolitical challenges, the industry can navigate turbulent waters and emerge stronger, more sustainable, and better prepared for the future.

“Achieving a net-zero future involves another crucial equation: the simultaneous development of competence alongside cleaner fuels. It is imperative that we build a robust pipeline of competent seafarers capable of operating vessels fueled by cleaner fuels. Embracing a multifuel future necessitates an investment in training to ensure that seafarers possess the necessary skills to operate these new fuels safely and efficiently. Competence development should be an integral part of the transition towards cleaner, more sustainable maritime practices”.

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Vassilios Kroustallis ABS Senior Vice President, Global Business Development

Availability and scalability - not just technology - will determine the fuels of the future Constant, systemic change will continue to be the business-as-usual scenario in 2024, but for all the excitement around technology solutions to decarbonization challenges, it is the logistics of alternative fuel production and supply that will reshape the business of shipping beyond recognition.

While we anticipate that fossil fuel demand will be stronger for longer, the long-term trend remains the same. The uptake of LNG, methanol and LPG continues apace. The shift in newbuilding from conventional vessels to those capable of alternative fuel operations is almost complete in some sectors – with containers, car carrier and bulkers leading the way.

Investment in some areas, particularly methanol engines, is so rapid that the question has shifted to the availability of fuels rather than engine technology – and the ability of alternative fuel providers to deliver green product at affordable prices. The green transition, in shipping at least, is increasingly about the effective application of technology rather than the need for its development.

Methanol as a fuel clearly has a head start over ammonia and blue/ green production is coming, but maybe not fast enough. The availability of methanol, or lack thereof, is either a critical success factor or brake on its adoption every bit as important as pricing.

Biofuels are also a rapidly accelerating option. Due to the technical simplicity and low capital cost of biofuels which are compatible for blending with current fuels, they have an immediate contribution to make to the energy transition.

While the IMO develops standards for crediting their use, ABS is already today working with leading shipping lines and innovative flag states to pilot their use as a short-term drop-in solution to reduce carbon intensity.

Added to bunker fuel at a ratio of around 30%, they can transform a vessel’s CII rating from a failing grade of E to an A grade overnight.

The potential is exciting but here again production and availability are significant constraints on realizing that. For that transformation, all the indicators are that we need instead to look at methanol, ammonia and hydrogen.

It is worth bearing in mind that if all ships built in this decade are built as dual-fueled, we will inevitably see significantly lower rates of oil use by 2050.

Take bulk carriers for example, our latest research indicates that by 2050 oil-based fuels will account for less than 7% of the fuel mix.

Ammonia, hydrogen and methanol are expected to account for the lion’s share. The same is true for tankers, where oil-based fuels will account for 10%. In container shipping, research suggests the level will be below 25%.

Overall, our fuel mix forecast anticipates that by 2050, methanol could account for as much as 40% of the mix, with ammonia around 20%, LNG roughly consistent with today, 5% LPG and oil-based fuels under 20%.

The key constraint going forward is availability of supply, particularly of green variants, and the shortfall today between projected demand and projected supply is huge. The possibility that many methanol

Vassilios Kroustallis

ABS Senior Vice President, Global Business Development vessels in particular will be burning oil for some time to come is real.

This need for fuel flexibility is the dominant trend for the foreseeable future, as operators look to hedge against geo-politically driven price volatility and patchy global bunkering arrangements.

Currently dual fuel tonnage represents 23% of the vessels currently on order or about half (49%) by gross tonnage. Dual fuel-ready represents a further 7% of the vessels currently on order or 12% by gross tonnage. That will increase as the available fuel mix widens in the coming year, with methanol retrofit trials beginning in earnest and ammonia engines finally becoming available in early 2024.

As the industry is impacted by powerful geopolitical and macro-economic forces, some things are clear. Whatever the potential of alternative fuels, the true benchmark for success will remain safety.

This is our guiding light, and this will never change.

It is also clear that it will be fuel availability and scalability - rather than technology - that will be the decisive factor in the maritime energy transition. What is also emerging is the confidence that, although a truly decarbonized industry may seem a long way off from the standpoint of today, our trajectory is good.

We are working together, investing, adapting and laying the foundations for an entirely new, more sustainable model for shipping.

Staying on track puts a net zero shipping industry within our grasp by 2050.

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Costas Constantinou Managing Partner | Global Maritime Leader Moore

The New Normal for Shipping:

Embracing Complexity and Uncertainty predict with any reasonable degree of certainty the future as the world comprises more than the two equal superpowers who kept each other in balance and the world in stability. Regional conflicts are frequent as more countries are trying to assert their power and unfortunately trade has been weaponized and being targeted directly adding many spikes and dips to the natural super cycle of the shipping economy.

Added to this geopolitical uncertainty is the technological uncertainty brought about by the quest of alternative to carbon fuels which will require massive investments. If we further add to the equation the very strict regulatory environment and the changes in the nature of the finance providers, the result is even more uncertain world where volatility and unpredictability is the new normal. It seems that companies now must face a major crisis once a year where previous generations faced one in a decade.

Costas Constantinou

Managing Partner | Global Maritime Leader Moore The shipping industry, being an integrated part of society, is facing the same challenges as all industries. The world is changing rapidly, and at an ever-increasing pace, as a result of the fourth industrial revolution, the new world order that is developing after the end of the Cold War and the Climate Crisis which is putting a lot of existential pressure on governments to do something. In contrast with other industries that may be wiped out from the changes and given that the sea is by far the most efficient mode of transporting raw materials and finished goods across the continents, shipping itself will continue to thrive as it covers a very basic need of humanity – the need to trade with each other.

Although shipping itself will continue to serve us all for the foreseeable future, the question is what shape will shipping take and how will individual shipping companies adapt so that they can continue to exist, despite the volatile environment.

The definition of “resilience” is “the ability to be successful again after something bad has happened” and in my view the key phrase in the definition is “successful again” – you need to be successful in order to be able to return to it! Therefore, the number one and obvious priority of any company is to be successful the first place. Although good profitability and big cash reserves are necessary components of “being successful” they are not adequate these to guarantee this. Both can vanish very quickly during times of prolonged recession or sudden change.

The world today is very complex and fast paced - we cannot

The shipping industry is full of stories of brilliant individuals who through their entrepreneurship and foresight managed to rise to the top and make headlines and it is very easy to make the mistake that success and resilience is based on these qualities.

Moore Greece has been working closely with the shipping industry for sixty years and throughout our long history we have witnessed all crises that affected the industry and have seen many companies rise and fall. We therefore know with certainty that what creates headlines, does not ensure long term survival.

What differentiates a “survivor” from a “shooting star” is the fact that behind the brilliant individual there is a great management team working together and in perfect harmony with their excellent staff having aligned targets and priorities. A shipping company is no different from any other company in the business world – it is a collection of individuals with different characters and backgrounds, and they will success or fail together. What binds them together is a common belief that they are working together towards a common goal and trust each other that they will perform to their best of their abilities towards that common goal.

The challenges of the modern world are just too complex to be handled by one individual, no matter how brilliant and therefore many experts are required. Well defined company culture and clear and loud tone from the top is required to bind together these different experts and stay focused towards the company’s aims.

Every age had its challenges and shipping survived and thrived as humanity turned towards trade to increase prosperity. Challenges and problems will never go away and are common for all companies across the industry. Nobody can control the variables outside the company and therefore the one thing to do is build great teams that are ready to tackle anything that life throws at them. Greek shipping is successful because of these great teams and great individuals and I am confident that it will continue its success.

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George Tsavliris Principal – TSAVLIRIS SALVAGE GROUP

George Tsavliris

Principal – TSAVLIRIS SALVAGE GROUP

The Maritime Industry’s Responsibility to Harmony with Nature

S

hipping – responsible for transporting 90% of the world’s trade - the vital link needed to support livelihoods amidst communities and global supply networks – is increasingly exposed to pressures and risks of highly consequential disruptions in service. The race for decarbonization, digitalization, the climate change crisis, combating maritime cyber-attacks, geopolitical tensions, ambiguous sanctions and environmental regulations, labor shortages …the list of ‘disruptors’ in shipping which call for our resilience and adaptation, seem to be endless.

The Covid 19 era saw many seafarers stranded on board their ships due to extended lockdowns -which were never ending.

Many ports around the world , while taking the goods they brought, banned seafarers from going on land. By Aug 2022, the seafarer situation had improved and many ship workers were repatriated thanks to the efforts of International organizations around the world.

Russia’s invasion of Ukraine in Feb 2022 and the avalanche of sanctions which followed, was the next major shock in recent years which forced us to adapt very quickly. Seafarers once again remain stranded but for different reasons – on board 61 vessels

berthed in Ukrainian ports on the Black Sea and Sea of Azov - the International Chamber of Shipping ( ICS ) and UN are advocating for an urgent solution.

The latest war in Israel and Gaza presents new challenges which could mount to heights so horrific – the impact of which will be well beyond what we have seen until now. The ICS has called for the protection of innocent seafarers after Red Sea attacks and urges influential states to help end targeting of ships.

Beyond the geopolitical tensions we are facing in the surrounding areas and although the maritime sector is responsible for 3% of the global annual emissions, our industry has made important strides toward decarbonization –at the cost of various unknowns, bureaucratic deadlocks and overall uncertainty. At the start of the new year, voyages will be subject to a floating tax on carbon emissions where vessel operators will essentially have to pay for the right to pollute. Shipowners and operators are looking into buying ‘carbon credits’ or EU allowances as they will be called - enabling their vessels to carry out voyages – but it is unclear whether all shipping companies will be able to make use of these carbon cred-

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its. EU emissions trading will entail various contractual implications for shipping.

The CII certification regime in force since Jan 1st, 2022 -one of the two decarbonization measures agreed at the IMO’s 76th Marine Environment Protection Committee [ MEPC76 ] IN July 2021 – the second measure, the EEXI or Energy Efficiency Existing Ship Index – require parties to work in synergy to achieve compliance through increased collaboration and sharing quality data. From 2024, ships will receive their first CII rating from A to E ( with A being the highest and E being the lowest ) based on their emissions from 2023. The IMO’s intention being the emission rating thresholds to become more stringent as we get closer to 2030 – in order to attain the 40% IMO emission reduction target. As the situation stands, the CII calculation is a huge headache for shipowners due to its failure to address some of the practical commercial realities that vessels face. The responsibility for compliance falls primarily on the shipowner unless that responsibility can be assumed by the charterer. A negative CII rating as can be appreciated, will render the vessel non-sailable and uncharterable, triggering a snowball effect with drastic economic, legal and commercial repercussions.

Gibson Shipbrokers warn that a vessel’s CII rating can be manipulated trough its trading pattern by assigning the vessel to longer distances to average down the factors over mileage – Newer vessels are operated on shorter haul voyages because of their greater efficiency thus will have a higher CII rating ; while less efficient ships which would have a lower CII ranking could improve their performance by operating longer distance – which in turn would result in higher CO2 emissions [ as they are sailing longer trips to average down their CII score ].

Biofuels are currently the easiest way for shipowners to reduce carbon emissions from their existing ships via the use of alternative fuels and given the ever increasing surge of new regulations, shipowners’ incentive for using biofuels continues to increase with cost being the major deterrent. Furthermore, the increased demand for alternative fuels signals the potential threat of shortage – it will become all the more challenging to secure the fuels we need. The race to decarbonization is a long and winding one – again impelling us to adapt, by working together to find commercially viable ways to be sustainable and avoid further unintended conflicts and consequences in the future.

If the above is not enough, in today’s world, it is not adequate to be secure – we need to prove we are secure on a daily basis. With the ever increasing digitalization in all aspects of our infrastructure, cyber criminals seem to be a step ahead. Sept 11th cyber-attack on Ceasars Entertainments and MGM Resorts brought to light a new method of attack- impersonating an employee on Linkedin in a call known as vishing [ ‘voice’ plus ‘phishing’ ] to MGM’s IT help desk. Via vishing, hackers gained login credentials to bypass multifactor authentication and enter the system. Industry leaders have had to gain cybersecurity insights and fast. The problem is that effective solutions are often affordable only by Fortune 1000 companies which is why large companies rarely get hacked. Small to medium size enterprises ( SME’s ) are easier targets because they lack comprehensive security solutions. The maritime industry is committed to fighting this ‘dark’ threat by doing its utmost to protect its infrastructure by implementing processes that protect and

prevent various types of cyber threats.

In spite of all of the above mentioned shocks and stresses, whether they are related to climate hazards, geopolitical uncertainty, technological change, decarbonatization efforts or other unpredictable phenomena - shipping has resilience in its core. For years leading up to the Zero emission targets – shipping companies have been working extremely hard not only to build their own resilience via building ships with new technologies that reduce fuel consumption, diversification and new opportunities carrying less risk etc but also ensuring that actions are taken to enhance the resilience of the maritime sector as a whole. Through coordinated efforts across all shipping stakeholders, our aim continues to build our resilience by 2030, bringing us close to ‘a complete transformation by 2050’.

However during this transitional period plagued with obvious insecurity, I would like to see more transparency ; without wanting to sound offensive or negative, I perceive an element of hypocrisy in the goal of zero emissions that we are meant to achieve. The Zero Emissions target by 2050 is realistically not attainable - this is the view of leading technical authorities which I tend to agree with; After all, we can’t ‘build Rome overnight’.

Amid the global, very often unpredictable turmoil, all we can do, as Navios’ CEO Angeliki Frangou has been quoted as saying, is to focus on what we can control. Equipped with our values, perseverance, common purpose and passion, the right synergies, we need to go beyond adaptation, ; we need to engage with all stakeholders in the maritime supply chain to create the right plan and adopt the best solutions for a sustainable environmentally and commercially viable future.

I would like to leave you with the riveting words of His Majesty King Charles III at the COP28 opening ceremony which took place on Dec 1st, 2023 in Dubai : “In 2050, our grandchildren won’t be asking what we said, they will be living with the consequences of what we did or didn’t do. If we act together to safeguard our precious planet, the welfare of all our people will surely follow. We need to remember too that the indigenous world view teaches us that we are all connected – not only as human beings – but as all living things and all that sustains life – as part of this grand and sacred system. Harmony in nature must be maintained;” “The earth does not belong to us – we belong to the earth”.

“In spite of all of the above mentioned shocks and stresses, whether they are related to climate hazards, geopolitical uncertainty, technological change, decarbonatization efforts or other unpredictable phenomena - shipping has resilience in its core. For years leading up to the Zero emission targets – shipping companies have been working extremely hard not only to build their own resilience via building ships with new technologies that reduce fuel consumption, diversification and new opportunities carrying less risk etc but also ensuring that actions are taken to enhance the resilience of the maritime sector as a whole”.

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Dorothea Ioannou

Chief Executive Officer at Shipowners Claims Bureau, Inc., Managers of The American P&I Club

Innovation and collaboration:

The pathway to sustainable progress

T

here is no doubt, the shipping industry must continue to play its part in the energy transition within the evolution taking place around the world. At the same time, technology is progressing on an unprecedented scale, faster than the development of the global fleet and workforce, and stakeholders must move at pace to keep up with geopolitical mine fields. We are facing daunting challenges.

From the perspective of the American Club, whose purpose is to identify, evaluate and assess risk in the maritime world, change always brings about new risk to rise up to, so from that angle I could simply say it is business-as-usual, acting as security for the evolving world. However, is this really the answer? To just move without strategy and rely on those of us who absorb the financial fallout? I think not – and I believe the industry has proven that is not how it sees its role in the world. In fact, in a constantly changing world, the maritime industry has always stood as a symbol of resilience, adaptability, and progress.

Let’s take the world of marine insurance. When commercial insurers began to withdraw from the rising liabilities of increasing regulation and judgments around the world, shipowners banded together and took the risk into their own hands, forming what we now know today as Mutual P&I Clubs. Not only did they create their own insurance and build the foundation for supporting all stakeholders in the global chain of trade, but they created it in such a way that allowed it to adapt and develop to absorb the continuingly changing risk landscape of liabilities.

This leads me to the birth of the American Club, a fitting example of a collaborative industry solution to the crisis arising from sanctions!

During WWI, from the impact of UK sanctions in 1916, American maritime operators were no longer able to insure with British P&I Clubs.

The United States maritime industry found the solution by bringing together American operators, a major marine insurance broker, and the support of the government, to create the first (and to this day only) American P&I Club on February 14, 1917.

Dorothea Ioannou

Chief Executive Officer at Shipowners Claims Bureau, Inc., Managers of The American P&I Club

The birth of P&I, the American Club and the International Group are perfect examples of an industry, which despite the competitive foundation, have collectively collaborated to create a forward-thinking mechanism which protects the world’s oceans, ports, people, communities, and support global trade - creating a “safety net” for all stakeholders and for innovation and progress. Every transition requires courage to take the first steps, which brings new risk, and comes with mistakes. Without the IG, one of the largest reinsurance platforms in the world, I dare to say any transition would be that much more difficult, that much slower.

So while collaboration in crisis is nothing new, the scale of this today is simply remarkable. Today there are more think tanks, more joint ventures, more research and development, and more new maritime startups than ever before. We are sharing, investing, partnering and pioneering on matters relating to alternative fuels and sustainable energy sources, ship-building, e-navigation, digitalization, maritime robotics, training, regulatory compliance, marine technology, intercoastal transportation, port operations, automation, remote surveying, cyber-security, satellite communications, ocean exploration, environmental protection, humanitarian initiatives, diversity, legislative lobbying, education, public policy awareness, seafarer safety and mental health to name “just a few”!

Today, there are 88 international non-governmental organizations with consultative status to the IMO, providing more input to national governments and the IMO than ever before. Even more impressive is the fact that major operators – competitors - are now joining forces to ensure the industry can meet the targets for this most challenging energy transition. The maritime industry recognizes that it must drive progress from within and it must do it collectively.

We in the maritime industry repeatedly prove we innovate and collaborate to find solutions… and quite often without all the fanfare.

Perhaps that is a good thing, or perhaps that is why we are misunderstood sometimes, but one thing is for sure, our minds are not on the spotlight, but squarely on progress. Progress that ensures our future and the sustainability not only of this industry, but that of society across the globe - and we are not afraid or too insecure to do it together.

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Panos Kourkountis MarTecMA Chairman

It is doubtful whether the goals of the green transition are achievable

T

he geopolitical turmoil of the recent years has brought the maritime industry to the attention of various countries and interests worldwide. Sanctions imposed on specific trades and cargoes have increased the uncertainty of the always unpredicted shipping market. Some countries, such as China, consider vital for the future of their nation to have their own fleets and are poised to become new powers in the maritime industry.

The Greek shipping should respond to these challenges and defend its global position.

Economic uncertainty looms over shipping but new environmental regulations bring some dark clouds and challenges as well. Ships carry 90% of the world’s trade and account for 2% of the world’s carbon dioxide emissions. The new regulations are promoting the “Green Transition”. The ultimate target is the “Decarbonization” of shipping, “Zero Emissions” by 2050.

The International Maritime Organization and the European Union have proceeded with a series of measures promoting technologies and fuels that will leave no carbon footprint. Some view these actions as long overdue, and others believe that they were undertaken with great haste. Nevertheless, the measures impose new technical and operational requirements, taxation on emissions and the compulsory use of alternative fuels. The implementation, effectiveness, and impacts of these measures are being widely criticized. Europe, and America are calling for stricter measures They are stressing that climate change is threatening the planet and that we have already lost precious time and cannot ignore any source of greenhouse gas emissions.

On the other hand, China, India, Brazil and other nations have pointed to the geopolitical dimension of shipping as a catalyst for world trade and have estimated that taxation of emissions and the mandatory use of more expensive fuels will impact product prices and some countries’ economies. These countries have expressed concern that if the raw materials and fuels they import and the finished products they export are significantly burdened by higher transport costs, they will no longer be competitive in the European and American markets. Such countries are of the opinion that in the interest of environmental protection, changes in the industries producing 98% of the pollutants should be prioritized. It has been asserted that focusing on the shipping industry’s 2% of total emissions is motivated by a desire to cause a slowdown in the affected countries’ economic growth. Despite the controversy, the regulations are already in place, and additional measures are being discussed.

do not provide the autonomy that ocean-going ships need. Consequently, attention has turned to biofuels and alternative fuels, such as methanol, ammonia and hydrogen. The global production of these fuels using alternative energy sources is still in its infancy. Only minimal quantities are currently available. Their cost is more than double the price of conventional fossil fuels and the global supply network is non-existent.

Supplying the shipping industry exclusively with alternative fuels would require 160% of the world’s electricity, which should be produced entirely using alternative energy, such as solar or wind parks. It is estimated that the cost of the shipping industry’s green transition will be USD 2.5–3 trillion!

Ships have always used every available means to keep their consumption low in order to be competitive. Speed reduction is the most effective way to ensure low consumption and low emissions. Technical optimization includes low-friction coatings, energy recovery systems, and even wind turbines, sails, and other technologies. However, ship modification and retrofitting are expensive, and the environmental benefits are unimpressive. Conventional ships will never achieve zero emissions. Hence, revolutionary ideas and designs are needed.

Some have begun to contemplate nuclear power and are proposing related legislation, but this begs the question of whether radioactive waste is preferable to carbon emissions. Even molten salt reactors, which are considered to be safer, create radioactive waste.

Batteries and fuel cells are also considered but are bulky, heavy, and

Hellenic shipping aims beyond simple compliance with the regulations; what is important is making the right choices to turn necessary compliance into a competitive advantage.

Historically, Greek shipowners have always been record-breaking pioneers who have adopted technological innovations that subsequently became milestones in the evolution of ship design. Decisions are made with integrity, based on technical and financial data, weighing the volatility, the geopolitical situations and the fluctuations of the charter market. Greek shipowners’ foresight and business acumen have proved infallible.

It is doubtful whether the goals of the green transition are achievable. Sea transport may become more expensive, but it will always remain the most ecological and efficient means of transporting goods.

Panos Kourkountis MarTecMA Chairman

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Ashraf Bayoumi CEO, Chalkis Shipyards S.A.

Chalkis Shipyards, is a living example for other Greek Shipyards to follow

CHALKIS SHIPYARDS have completed almost 50 years of successful cooperation with its clients, the shipowners, covering their needs within minimum time and competitive cost. Its goal is to expand its capabilities in order to accommodate and service about 240 vessels annually, serve ships of larger capacity and build small specialized ships of new technology. Mr Ashraf Bayoumi CEO CHALKIS SHIPYARDS S.A. describes in the following interview how CHALKIS SHIPYARDS can be the example to follow for the other Greek Shipyards which will make them noticeable in the coming years.

For a shipyard is vital to work in a safe, health and quality working environment. What does these words (safety, health and quality) mean to you and how does it apply in your daily life?

A Shipyard is a highly dynamic work environment, constantly active and changing, so it is critical to maintain a high level of situational awareness.

For us at Chalkis Shipyards, it is vital that we work in a safe and healthy workplace and that we do our best to protect the environment.

We take action over and above our legal duty for our employees to work with the confidence that they are protected and taken care of. At the same time all our personnel support and are part of our commitment to Quality, Health & Safety feeling it is also their own responsibility to create and maintain a safe and functional work environment.

We follow the procedures of ISO 9001:2015 and ISO 45001:2018 standards to which we have been certified by Bureau Veritas and regularly update our policies to incorporate all new guidelines.

All documented policies and procedures are important to improve the workplace by staying focused on keeping zero-injuries safety and improving the sustainability and quality of services.

Mr. Ashraf Bayoumi, CEO, Chalkis Shipyards S.A.

A successful green transition is heavily depending on the maritime industry and the international community is currently focusing on the development of green solutions. The shipping industry is in the spotlight, with pressure building to implement greener, cleaner

initiatives for a climate friendly future. Based on this principle and following your regular standards with what tools and strategies are you walking towards 2050? Is this task easy or difficult?

Our Shipyard invests on green solutions on two sections regarding energy.

First of all, we have proceeded to an investment that regards the installation of Photovoltaic systems. Due to the suitable and large area of land owned by the yard this energy will be able to cover not only the shipyard needs for energy but also the needs of the vessels which are either berthed or docked at our premises. Due also to legislation this will prevent vessels from using their own generators and eliminate in this way their carbon footprint.

In addition, we have trained our personnel and keep investing in skilled workforce who can install green energy systems like scrubbers and new technology propulsion systems (combustible energy) on vessels. In the last years we have completed the installation of scrubbers in a number of vessels.

At the same time, we are already following the procedures of ISO 14001 and are ready to be certified.

What do you think will be the biggest challenge that will face the global shipbuilding industry in the coming years? Do you

think that the Greek shipyards are on a recovery path, something that will be more noticeable in the coming years?

Shipyards and boat builders were severely affected by the 2008 global financial crisis. More recently, the war in Ukraine and the disruption to the supply chain due to the Covid-19 pandemic have resulted in low levels of new orders.

We believe that the biggest challenge will be the design and building of ships of new technology friendly to the environment.

The shipping industry has always been a source of pride for Greeks who have the knowledge and the qualifications to run a large number of shipyards, not to mention that despite current challenges, Greek shipping represents 60% of the EU - controlled fleet and 21% of the world deadweight capacity.

Chalkis Shipyards is a company that has provided uninterrupted quality service since its establishment for the last fifty years. Especially during the last twenty-three years the company is financially secure and reliable, in an often-difficult economic environment, and is investing in new technologies. We can be the example to follow for the other Greek Shipyards which will make them noticeable in the coming years.

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“Chalkis Shipyards S.A. is a privately-owned company, financially strong and independent with her own funds, without any loans from banks and financial debts to third parties. This has provided our uninterrupted service even through times of economic crisis and has allowed us to invest in new equipment and manpower.

We have a track record of fifty years that has forged an unrivalled reputation of providing quality services, delivered on time and on budget.

Conveniently positioned in Chalkis, mainland Greece, our ISO-9001:2015 and ISO 45001:2018 certified facilities operate under the ISPS code. Facilities include two floating docks, shore and mobile cranes and fully-equipped repair shops.

Our floating docks can accommodate vessels up to 62.000DWT and Bmax32.26m, while at our berths supramax and aframax vessels of max draft=6.3m can carry out all type of repair works.

Our fully-equipped shops, our experienced and highly qualified workforce allow us to offer high quality services.

Chalkis Shipyards has almost 300 employees of different specialties and carries out repairs on at least 120 vessels per year.

Our goal is to expand our capabilities in order to accommodate and service about 240 vessels annually, serve ships of larger capacity and build small specialized ships of new technology.

We look to the future committed to continue delivering the highest quality services to existing and new customers and offering an even better, safer and eco-friendly working environment for our employees”.

Ashraf Bayoumi, CEO, Chalkis Shipyards S.A.

What are your goals for 2024 and for the next years to come?

Do you think you will strengthen your position more?

Our investment plan includes in the field of repairs the increase of our capacity in order to accommodate more vessels and also vessels of greater capacity.

In the new building sector we have already proceeded to works for new building of specialized vessels up to 100m length.

These are definitely going to strengthen our position in the Greek ship repair/shipbuilding industry.

The use of new technologies is driving shipyard production into new era. How much is the technological revolution affecting you and how ready are you to face it?

Our Shipyard is observing technological developments and is always ready by gradually investing in the purchase of new technology machinery and also the recruitment of qualified human resources. Meanwhile Yard’s personnel are being trained in the use of new machinery.

The word collaboration is a key word for success of a shipyard. Are you happy with your collaboration with shipowners, design institutions and class authorities? Are you going to continue to build deep relationships with these third parties?

Collaboration is the foundation of any workplace, essential not only to overall work success but also to build efficient teams that continue to work together even after a certain target is achieved.

We have completed almost 50 years of successful cooperation with our clients, the shipowners, covering their needs, i.e. the quality that is approved by class authorities, within minimum time and competitive cost. As already mentioned, and taking into consideration our future plans, we consider all participants a team with the same target and it is one of our priorities to continue and strengthen our relationships with third parties.

The transition towards digitalization is moving fast in the shipbuilding industry. Do you believe that Chalkis Shipyard is moving towards the integration of smart technologies and therefore towards digital transformation?

At Chalkis Shipyards we are already applying new technologies and are using digitalization in programs connected to design for repairs and new constructions and CRM platforms. We are implementing 3D model programs with the relevant CNC equipment in which we have invested and continue to invest following developments and market needs.

Establishing further your presence in Greece do you see plenty of opportunities and future growth in the years to come? Do you expect a market upturn that will affect Greek shipyards industry?

The opportunities for shipbuilding in Greece are related to the recent developments, legislation for new technology vessels and modification to green energy. These will lead to a market upturn and will certainly affect Greek shipping industry.

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Ioannis Chiotopoulos

Senior Vice President & Regional Manager SE Europe, Middle East and Africa

Navigating the Future of Maritime

Overcoming Challenges and Embracing Sustainable Change

T

he maritime industry stands at a critical juncture in its history. It has been the backbone of global trade and is pivotal in the global economy. However, as we move into 2024, our industry faces many challenges that demand resilience and transformation. So, how can the maritime sector adapt and thrive in the face of the five key challenges - Decarbonization, Digitalization, Geopolitical Tensions, Labour Shortages, and Environmental Regulations?

Decarbonization: Charting a Sustainable Course

Decarbonization is a critical concern for the maritime industry, fuelled by the urgent need to reduce greenhouse gas emissions and combat climate change. The International Maritime Organization (IMO) has set ambitious targets, including a 50% carbon reduction by 2050. Meeting these targets demands a collaborative effort from the shipping sector.

Previous fuel transitions were characterized by a seamless shift from wind to coal to oil, but we are now faced with a complex array of fuel possibilities, and we can expect a fuel multiverse by 2050.

Challenges around fuel availability, regulatory uncertainty, immature propulsion technologies, scarce bunkering infrastructure, cost are all contributing to uncertainly among shipowners, with many delaying their investment decisions.

The Maritime Forecast to 2050, 2023 edition by DNV highlights challenges in securing carbon-neutral fuels. Stringent regulations necessitate a 20% emission reduction by 2030 and net-zero emissions by 2050. A focus on energy efficiency is imperative to meet the growing fuel demand. The report advocates a holistic approach, aligning regulations, technology evolution, and long-term fuel supply. Operational energy efficiency measures, such as air lubrication systems and wind-assisted propulsion, provide viable solutions. The industry is witnessing a transition in fuel technologies, with an increasing number of vessels adopting alternative fuels.

Adherence to international regulations is paramount. Shipowners and operators must invest in technologies and operational changes to meet emission reduction targets, including guidelines set by the IMO, such as the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII).

Digitalization: Enhancing Efficiency and Transparency

Digitalization is emerging as a transformative force, offering opportunities to enhance operational efficiency, safety, and sustainability.

Embracing digital technologies, including IoT sensors, big data analytics, and blockchain, can optimize fleet management, route planning, and predictive maintenance, thereby reducing fuel consumption and emissions.

Combining data streams from multiple sources lets the maritime industry make better informed decisions faster, creating more efficient and responsive organizations. Cloud-based technologies such as big data platforms and digital twin technologies are already starting to have a dramatic effect on how the industry manages information, and how vessels and their components are designed, built, and tested.

The adoption of automated systems and autonomous vessels could also further enhance safety and efficiency. In real-time monitoring, AIbased systems can monitor data from various sources such as weather, sea conditions, and vessel traffic to provide a real-time data analysis, decision support, and automated alerts to help ship operators navigate safely and efficiently. While AI-based decision support systems can

Ioannis Chiotopoulos

Senior Vice President & Regional Manager SE Europe, Middle East and Africa provide recommendations to ship operators based on this real-time data and predictions, helping them to make informed decisions in critical situations. Finally, smarter systems can automatically alert ship operators and the relevant authorities in case of emergency, this will help to respond quickly and effectively.

Digital platforms and blockchain technology enhance transparency, traceability, and accountability in the supply chain, addressing cargo tracking, piracy, and smuggling concerns.

However, this digital transformation raises cybersecurity concerns, with vessels becoming more connected and reliant on digital systems. Protecting maritime infrastructure from cyber threats becomes a growing challenge. While new technologies and alternative fuels offer solutions, they also introduce uncertainties and risks. Robust rules, procedures, and guidelines must be integrated into each company’s safety culture, fostering a deeper awareness of safety hurdles and a comprehensive understanding of new technologies.

Geopolitical Tensions: Navigating Uncharted Waters

We are currently witnessing many disruptive global geopolitical events, from the Russia-Ukraine conflict, competition between China and the USA, cyber-attacks, and the continued fallout from COVID-19, through to the conflict between Israel and Hamas. Such can all impact mari-

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time operations in many ways. For example, geopolitical tensions or conflicts can disrupt established trade routes and change shipping patterns. Another example would be the imposition of sanctions on certain countries, which can alter the flow of goods and the selection of shipping routes.

They can also impact insurance premiums for shipping companies. Increased political instability in certain regions may lead to higher insurance costs and a reassessment of risk management strategies for maritime operators.

Regarding regulations, geopolitical events can lead to changes in compliance requirements for shipping companies. This could involve new trade restrictions, tariffs, or changes in customs procedures. Other important implications concern security in international waters. Shipping companies may need to adapt their security measures and protocols to ensure the safety of their vessels and crew in regions affected by conflicts or political instability.

Labour Shortages: Nurturing a Skilled Workforce

Labour shortages in the maritime industry, attributed to an ageing workforce and demanding job nature, demand industry-wide attention. The industry must invest in workforce development and retention to address this challenge. This has to be a collective responsibility and with all stakeholders assessing and targeting skill deficits, especially in decarbonization and digitalization.

Investing in training and education programs can also help to retain talent and bridge the skills gap. This training should be designed to provide a pathway for sustainable career progression and help to retain and attract talent.

Seafarers should be provided with opportunities to be trained in shore-based roles, which are likely to become more prevalent in the coming years. Partnerships with maritime academies and vocational schools are pivotal in nurturing a skilled workforce.

Exploring automation and remote operations can make maritime careers more attractive by reducing the physical demands of certain tasks. Competitive compensation packages and benefits are essential to retaining experienced crew members, attracting new talent, and addressing working conditions and seafarer welfare.

Environmental Regulations: Staying Ahead of Compliance

Stringent environmental regulations are a reality that the maritime industry must confront. Several strategies can be implemented to stay compliant and uphold sustainability.

Investing in the renewal of fleets with eco-friendly vessels that meet the latest environmental standards reduces emissions and aligns with regulatory requirements. Implementing emissions monitoring and reporting systems ensures compliance with international standards and contributes to transparency. Embracing eco-friendly practices, such as slow steaming and using ballast water management systems, adds another layer of sustainability.

By adopting sustainable practices, investing in digital technologies, navigating geopolitical complexities, nurturing a skilled workforce, and staying ahead of environmental regulations, the sector can maintain its resilience and emerge as a driving force in shaping a more sustainable and efficient global trade ecosystem. The industry’s response to these challenges will determine its future success, ensuring that it remains a cornerstone of the global economy.

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VASSILIS KANAKAKIS President and Managing Director

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Semiramis Paliou INTERMEPA Chairperson, HELMEPA Chairperson

It is critical for Shipping to achieve the ambitious revised targers set by the IMO

A

t the dawn of 2024, shipping is facing a complex landscape of challenges, from decarbonization and environmental concerns to geopolitical tensions and labor shortages, all of which require a multifaceted approach to maintain resilience and facilitate change.

The industry’s commitment to change involves navigating the waters of all these contemporary challenges and requires attention and innovation to ensure a sustainable and adaptable future for shipping.

Decarbonization stands as one of the foremost challenges facing the shipping industry. The impacts of global warming are increasingly being felt worldwide and are also leading to disruptions in major shipping routes, such as the congestion around the Panama Canal from the reduced water levels due to the severe droughts.

Therefore, it is critical for shipping to achieve the ambitious revised targets set by the International Maritime Organization (IMO) to reach net zero greenhouse gas emissions by 2050 and to achieve an uptake of zero or near zero technologies by 2030. This demands a fundamental shift in energy sources and operational practices, which in turn requires considerable investment in R&D for new alternative fuels and propulsion systems, port infrastructure and vessel design optimization, as well as the establishment of a framework that rewards first movers.

Compliance with stringent environmental regulations is essential for sustainable shipping operations. Companies are already investing in eco-friendly technologies and practices to comply with regulations and reduce their environmental footprint. Encouraging recycling, reusing materials, and adopting a circular economy approach can minimize waste generation and promote sustainability, while embracing transparency in reporting emissions and environmental impact fosters accountability and builds trust with stakeholders and society at large.

The rapid digital transformation of shipping promises increased efficiency, transparency, and operational optimization. Smart shipping solutions such as implementing IoT devices, AI-powered predictive maintenance, and blockchain technology for secure and transparent transactions are streamlining operations and reducing costs. However, as shipping becomes more reliant on digital systems, cybersecurity measures are critical to safeguard vessels, ports, and infrastructure from cyber threats.

Geopolitical tensions also impact shipping by driving shippers to diversify their routes and seek alternative pathways for smoother operations.

Constant monitoring and analysis of geopolitical situations are necessary to enable proactive decision-making, allowing companies to adapt swiftly to changing circumstances. Engaging in dialogue and fostering partnerships among stakeholders, including governments, shipping companies, and international organizations, promotes stability and reduces the impact of geopolitical tensions on the industry.

The shortage of skilled seafarers and in particular qualified senior officers is another major challenge facing the shipping industry. According to the most recent data, seafarer labour shortages are at a 17-year high and approximately 90,000 additional officers will be needed by 2026 to operate the world’s merchant fleet.

Addressing this deficit requires innovative approaches to attract and retain talent. The psychological toll of the Covid-19 pandemic on crews, which remained for many months onboard ships due to travel restrictions, is leading shipping companies to place an even greater focus on crew wellness, emphasizing a better work-life balance and improving onboard living conditions.

Promoting the value proposition of shipping to youth along with career advancement opportunities can also attract fresh talent to the industry and project the industry’s appeal to potential recruits. At the same time, the new skills required by the seafarer of the future enable a greater

Semiramis Paliou

INTERMEPA Chairperson, HELMEPA Chairperson presence of female officers onboard ships thus enhancing the industry’s gender diversity profile.

Empowering seafarers to support the green and digital transition through training and reskilling programs is another major issue, especially in the forthcoming years until the revision of IMO’s STCW Convention takes place, and the new requirements are transposed into national seafarer education systems.

Innovative collaborative approaches such as the METAVASEA project focusing on a “People-Centered Transition for Maritime Decarbonization in the East Mediterranean” are necessary to boost the involvement of shipping companies and ports in maritime decarbonization initiatives, to offer insights into shipping and community readiness for new fuels, and to identify region-specific opportunities, gaps, and challenges.

Coordinated by HELMEPA with the support of Lloyd’s Register Foundation and the contribution of 6 partners, 12 associate partners and 56 maritime stakeholders in Greece and Cyprus, the project aims to train and upskill 1,500 seafarers, shipping professionals, and port workers in new fuels, digitalization and emerging technologies, marine environmental awareness, and soft skills, while also raising climate awareness among 10,000 schoolchildren, 750 teachers, and 2 million residents in the wider East Mediterranean.

In conclusion, the challenges facing the shipping industry are multifaceted, requiring a comprehensive and adaptive approach. Embracing innovation, collaboration, and a commitment to sustainable practices through the incorporation of ESG principles in corporate strategies are crucial for the industry’s resilience and evolution.

At the same time, it is essential that this major transformation of shipping takes place with human capital at the center of attention, thus paving the way for a more sustainable and efficient future.

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Charalampos Simantonis President, Hellenic Shortsea Shipowners Association

We have to think out of the box to achieve tangible results

S

hipping industry faces a myriad of challenges during the last years. From the urgent need to decarbonize to the rise of digitalization, geopolitical tensions, labor shortages, and stringent environmental regulations, shipping companies must navigate these turbulent waters while maintaining their resilience and commitment to change.

One of the most pressing challenges for the shipping industry is reducing its carbon footprint. To achieve this, companies are exploring alternative fuels and propulsion systems. Hydrogen fuel cells, for example, offer a promising solution, as they produce zero emissions. Biofuels derived from sustainable sources are also gaining traction. Additionally, the adoption of energy-efficient technologies, such as hybrid engines and advanced hull designs, helps minimize fuel consumption and emissions. Shipping companies are investing in research and development to find innovative ways to decarbonize their operations, ensuring a sustainable future for the industry but technology, research and development are in a premature stage, not to mention the definite lack of shore infrastructure. There are measures that can be taken to decrease a ship’s carbon footprint, such as slow steaming, retrofitting energy power limitation devices or propulsion improvement devices, voyage optimization, technological advances in ship design, nevertheless European Union forces new environmental regulations, while new technologies need more extensive research.

Some of the measures adopted by the European Union are considered to be negative measures, as they increase the operating cost, making shipping transportation more expensive.

Additionally, the inclusion of maritime sector in ETS will prove out to be very expensive, due to the lack of alternative fuels. At present time the existing technology is not mature enough to support the sector.

Therefore, it becomes obvious that EU’s strategy should include fuel suppliers, together with shipowners to play a key role under the new system. Cooperation between the shipping industry and fuel suppliers is crucial to facilitate the energy transition of the sector and contribute to bridging the price gap between conventional fuels and sustainable fuels. Additionally, EU institutions must ensure that their policy decisions will oblige the fuel industry to invest in bio refineries and develop sustainable fuels for the marine sector.

Digitalization is revolutionizing the shipping industry, enabling companies to optimize operations, enhance supply chain visibility, and improve efficiency. The Internet of Things (IoT) plays a crucial role, connecting various devices and systems on ships, enabling real-time monitoring and data analysis. Artificial Intelligence (AI) algorithms help optimize routes, reduce fuel consumption, and improve safety.

By embracing digitalization, shipping companies can streamline their operations, reduce costs, and enhance their overall resilience in a rapidly changing world. However, increased digitalization means the maritime industry will have to manage an increase in cyber risks. So, while digitalization can be used to improve safety, it also creates new positions of vulnerability. Thereby, it is necessary to conduct a careful evaluation of the cyber risks, their potential consequences and the best ways of preventing and mitigating them, to establish safety both onboard and offshore.

Moving to geopolitical tensions which, during the last years have unfortunately multiplied, we should highlight that they can disrupt shipping routes, increase costs, and pose significant challenges to the industry.

There is always a high risk that geopolitical tensions could lead to the fractionalization of trade blocks. This would limit trade and make it less efficient. Open dialogue and cooperation among nations are essential

Charalampos Simantonis

President, Hellenic Shortsea Shipowners Association to maintaining stable trade routes and ensuring the smooth flow of goods. In order for shipping industry to navigate through geopolitical tensions and maintain its commitment to global trade, maritime sector should develop strong relationships with governments and international organizations.

Greek shipping industry faces a shortage of skilled labor, which can hinder its ability to adapt and innovate. It is essential to address this problem successfully, considering the importance seafarers arise for the industry. Shipping companies have been already investing in training and education programs, in order to develop their employee’s expertise and educate them about all new technologies and regulations. By partnering with educational institutions and offering apprenticeships, shipping companies can attract and retain talented individuals. Additionally, initiatives to promote diversity and inclusivity within the industry are being implemented, ensuring a diverse and skilled workforce for the future.

The shipping industry is no stranger to challenges, and the 21st century presents a unique set of obstacles that demand resilience and adaptability. The industry’s ability to innovate and collaborate will ensure its continued success and sustainability in a rapidly changing world. It is clear that resilience and commitment to change are the compasses that will guide the industry towards more sustainable future. Nevertheless, we should take into account that, in order to make the transition, the scale of cumulative investment needed between 2030 and 2050 to achieve the IMO target of reducing carbon emissions from shipping by at least 50% by 2050, is approximately USD 1-1.4 trillion, or on average between USD 50- 70 billion annually for 20 years. Banks and financiers are starting to invest in sustainable shipping but a large funding gap remains. There has been a lack of finance for shipping since the financial crash when traditional banks retreated from the market. Therefore, for maritime sector to be able to achieve green transition it is essential to think out of the box concerning traditional funding and develop new financing tools available to maritime sector.

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Ioannis & Nikolaos Argoudelis

CMA D. ARGOUDELIS & CO S.A.:

Pioneering Innovation and Excellence in Maritime Automation

INTERVIEW

From left Ioannis Argoudelis, Owner/CEO and Nikolaos Argoudelis, Owner/Technical Director.

You recently inaugurated the innovative maritime automation lab at BCA COLLEGE. Tell us a bit about this state-of-the-art facility and what it is going to change maritime education and industry practices for both students and shipping companies?

The inauguration of the state-of-the-art Maritime Automation Lab at BCA College by CMA D. ARGOUDELIS & CO S.A. represents a significant advancement in maritime education and industry practices. It not only provides students with the tools and knowledge needed for success in the industry but also strengthens the connection between academia and shipping companies, fostering a collaborative and innovative approach to maritime education and practices.

One of the most important factors for business success is the ability to address customer needs. Describe how CMA D. ARGOUDELIS & CO S.A. listens to these needs and provides solutions to its customers’ problems.

CMA’s strategy to address its customers’ needs and provide solutions is

important to its day-to-day business. More specifically, it regularly seeks feedback from customers through surveys, interviews or feedback forms to understand their challenges, preferences and expectations. It uses a CRM system to track customer interactions, preferences and feedback, allowing it to tailor its services to individual customer needs. Conducts thorough market research to stay abreast of industry trends, emerging technologies and evolving customer needs. Offers customized solutions that meet each client’s unique requirements, demonstrating a commitment to meeting specific needs rather than providing generic solutions.

Embraces a culture of continuous improvement, where CMA actively undertakes to update its products and services based on changing customer needs and technological advances.

With a recent two companies CMA D. ARGOUDELIS & CO S.A. and LEPLAN IKE came together by joining forces. What do you expect from this agreement?

By joining forces, CMA D. ARGOUDELIS & CO S.A and LEPLAN P.C aim to provide a comprehensive and seamless solution to clients seeking custom or mass production state-of-the-art Marine & Industrial Automa-

TOGETHER TOWARD TOMORROW Leading safety and innovation in the Hellenic Maritime Community.

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tion systems. The key benefits of this partnership include: • Clients can expect a more efficient and cost-effective automation process, thanks to the seamless integration of the Virtual E-CAD Engineering design with CMA D. ARGOUDELIS & CO S.A’s world-class products and services.

• The partnership will ensure that projects are equipped with the latest safety and security measures, meeting the highest industry standards.

• CMA D. ARGOUDELIS & CO S.A’s global presence combined with LEPLAN’s innovative automation solutions means that clients worldwide can benefit from this collaboration.

• Clients will have access to a team of experts with an in-depth understanding of both Marine & Industrial Automation and IoT technology, providing guidance and support at every step of the project.

What do the words technology, expertise and innovation mean to you and how do you put these three words into practice for the benefit of your customers?

In the context of maritime, industrial and energy automation, “technology” includes advanced control systems, sensors, communication networks and software applications tailored to specific industry needs. CMA invests in cutting-edge technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), machine learning and robotics to enhance the efficiency, safety and reliability of its solutions.

“Expertise” denotes deep knowledge and skills in the maritime, industrial and energy automation sectors. It involves having a team of professionals who understand the complexities of the industry, have a deep knowledge of the relevant technologies and are able to provide customized solutions to meet the specific needs of their clients, which CMA has been doing for 35 years.

‘Innovation’ refers to the ability to introduce new and creative solutions that go beyond existing standards. This at CMA includes developing new approaches to automation, incorporating emerging technologies and staying on top of industry trends to provide our customers with cutting-edge solutions that meet their evolving needs.

Can new automation solutions focusing on energy efficiency, sustainability, artificial intelligence benefit maritime companies and their executives, and how? What do you think will be the maritime automation solutions in the near future?

New automation solutions that focus on energy efficiency, sustainability, and artificial intelligence (AI) can indeed provide significant benefits to maritime companies and their executives.

In the near future, we can expect the continued evolution of these technologies, with advancements in machine learning, sensor technologies, and connectivity. The integration of 5G and IoT (Internet of Things) technologies will also play a crucial role in improving data exchange and communication between vessels, ports, and shore-based systems. The maritime industry is likely to see increased adoption of smart, connected, and autonomous solutions to enhance efficiency, reduce costs, and meet sustainability goals.

What are the benefits you will gain from the opening of your new

subsidiary, CMA Singapore? Is this decision an embodiment of your drive for ever-improving professionalism and quality customer service?

Our decision to open a CMA branch in Singapore is driven by our commitment to improve professionalism and enhance customer service, which indicates our focus on providing better service and growing the business. Expanding into new markets may indeed be a strategic move to achieve these goals, a decision that aligns with the company’s overall objectives and is part of our long-term strategy.

The importance that CMA D. ARGOUDELIS & CO S.A. places on its female employees is also shown by its distinction in the Great Place to Work® Best WorkplacesTM for Women Hellas 2023 list, where it was ranked 3rd nationwide in the 50-250 employee size category. What message do you want to pass on to young women seeking a career in shipping and to those already working in this industry?

Women have made a significant contribution to the shipping industry and there are increasing opportunities for those who wish to pursue a career in this sector. Continuous learning will not only enhance their skills but also make them a valuable asset to a company. Building a strong network can provide mentoring, guidance and potential career opportunities.

The shipping industry can be demanding, but it is vital that you maintain a healthy work-life balance. Set boundaries, prioritise self-care and communicate openly with your colleagues and supervisors about your needs.

Aim high and set ambitious career goals. Your dedication, skills and passion can contribute to your success and inspire others in the industry.

2024 is just around the corner. What are your ambitions for the new year? Do you think you have laid the foundations for further growth? And finally, what challenges will maritime automation face in the coming years?

Our ambitions for the new year are firmly centered on innovation and expansion. We aim to solidify our position as industry leaders by embracing cutting-edge technologies and exploring new market opportunities. Our focus will be on integrating AI and IoT into our existing systems, enhancing efficiency and sustainability.

We are confident that we have laid a robust foundation for further growth.

Over the past years, we have invested significantly in research and development, forming strategic partnerships and diversifying our service offerings. This groundwork not only positions us well for future expansion but also ensures we remain at the forefront of technological advancements in marine automation and high-quality services.

Looking ahead, the maritime automation sector faces several challenges.

One of the primary challenges is ensuring cybersecurity in increasingly digitized operations, as the risk of cyber threats grows with technological advancement. Additionally, regulatory compliance, particularly in response to environmental concerns, will be a key focus. Adapting to new regulations and maintaining eco-friendly operations without compromising efficiency will be critical. We are committed to tackling these challenges head-on, ensuring that we continue to provide our clients with safe, reliable, and state-of-the-art automation solutions.

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Dr. Michalis Pantazopoulos

Senior Vice President & General Manager of the Liberian International Ship & Corporate Registry’s (LISCR) Piraeus office, managers of the Liberian Registry

Collaboration for Success: How the

Shipping Industry Can Overcome Its Challenges

T

he shipping industry faces numerous challenges, including decarbonization, digitalization, geopolitical tensions, labor shortages, and environmental regulations. To remain resilient and committed to change, the industry will need to adopt a number of strategies. We briefly present the issues and dealing strategies from the perspective of the Liberian Flag Administration.

Decarbonization, Net-Zero GHG Emissions and Environmental Regulations

The maritime industry is at a crossroad mainly caused by the environmental challenge, and the response to this huge challenge needs the maritime industry to transform to a net-zero Greenhouse Gas (GHG) emission industry by or around 2050, as also required by the revised IMO GHG Emissions Reduction Strategy that was adopted at the IMO MEPC 80 meeting in July 2023. This revised IMO GHG Strategy is a significant strengthening of the initial strategy that was adopted at MEPC 72 in 2018 and was ‘only’ pursuing efforts to reduce CO2 emissions of 70% by 2050. Now the target is 100% reduction of all GHGs by or around 2050 on a well-to-wake basis, i.e. net-zero GHG emissions by 2050.

Fortunately, we are in the midst of embracing the challenges and opportunities of the 4th Industrial Revolution, and this together with an agile and adaptive international regulatory framework from the IMO, we as an industry, stand a realistic chance to respond well and in a timely manner to the environmental challenge.

There is a challenge though as the IMO does not always recognize and provide the desired benefits from adoption of innovative design features, new technologies and alternative fuels. Whilst the IMO regulations for ship designs have changed over the recent years from prescriptive rules and regulations to now goal-based standards and risk assessment-based regulations allowing for the much-needed innovation in ship design, the IMO environmental regulations do not always recognize these innovative

solutions in terms of their contribution to GHG emissions reduction. As an example, can be mentioned onboard carbon capture systems that can significantly reduce the GHG emissions from ships but currently the environmental regulations (EEDI, EEXI and CII) do not recognize these systems. Several proposals to reflect onboard carbon capture systems in the regulatory framework have been submitted to IMO but these have not yet been fully discussed and concluded upon, hence the process of identifying and allowing practical solutions to support the GHG emissions reduction needs to be accelerated with the same priority as strengthening the IMO GHG strategy.

To fully utilize the opportunities for innovation and adoption of new technologies that the regulatory framework now allows, we need close global collaboration between all high-quality and forward-looking stakeholders (shipyards, design companies, classification societies, engine manufacturers, innovative technology companies, shipowners/managers and other relevant stakeholders) and thereby unlock the potential to decarbonize international shipping and eventually reach net-zero GHG emissions shipping. To do this we need to increase collaboration and secure funding to undertake research and development projects.

IMO has now embarked on developing the mid-term measures of the 2023 IMO GHG emissions reduction strategy, and it is expected that these measures will be a combination of a technical measure and an economic measure. The technical measure will probably be a Global Fuel Standard (GFS) and the economic measure a GHG levy or a feebate mechanism to incentivize increasing the uptake of net-zero or near net-zero GHG emission fuels. It is anticipated that the funding collected from the economic measure will also be allocated to fund the much-needed innovative joint industry research and development projects.

Dr. Michalis Pantazopoulos

In this context the Liberian Registry has been forward thinking and since 2016 been actively involved in joint industry projects (JIPs) and our involvement is steadily increasing. Over the last 3 years, we have

participated in over 35 JIPs and we expect this to increase further until we have developed and approved the net-zero emission vessel of the future and its application in international shipping is feasible and sustainable.

In regard to the net-zero GHG emissions, it should be noted that at the MEPC 80 meeting in July 2023, IMO also adopted the Guidelines on Life Cycle GHG Intensity of Marine Fuels (IMO Resolution MEPC.376(80)), also known as the LCA (Life Cycle Assessment) Guidelines, and these guidelines provide guidance on life cycle GHG intensity assessment for all fuels and other energy carriers used on board a ship. They cover well-to-tank, tank-to wake, and well-to-wake GHG intensity and sustainability aspects related to marine fuels and energy carriers (e.g. electricity for shore power) used for ship propulsion and power generation onboard. The relevant GHGs included are carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O).

The well-to-wake approach is complex and present challenges in terms of accurately reflect and document the GHG emissions as it covers the entire process from feedstock extraction, cultivation, recovery, feedstock conversion to a fuel product, transportation as well as distribution, bunkering, and fuel utilization on board a ship. However, compared to absolute zero GHG emissions (i.e. tank-to-wake) the well-to-wake concept offers theoretically more fuel types with pathways to zero GHG emissions. Especially in combination with onboard carbon capture systems and/or other systems and energy efficiency technologies there could be a variety of pathways to net-zero or near net-zero GHG emissions.

Although international shipping transports about 90% of all global trade and only emits less than 3% of the world’s global emissions, our industry including IMO is committed to decarbonize and reach net-zero GHG emissions by mid of this century.

The maritime industry is on the right track to tackle the immense environmental challenge; however, we have just embarked on decarbonization and the journey towards

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Photo: UNSPLASH

net-zero GHG emissions, and there is a lot of hard and dedicated work ahead for our industry to reach the levels of ambition in the IMO GHG emissions reduction strategy.

Going forward the Liberian Registry is dedicated to continuing to lead the way for Flag Administrations to support our shipowners to decarbonize international shipping through our involvement at the IMO and in joint industry and research projects. These projects can pave the way to find solutions to fully decarbonize international shipping in a sustainable way and ensure transportation of cargo remains competitive.

On the issue of Environmental regulations, the shipping industry must comply with all applicable environmental regulations. This includes regulations on air and water emissions, waste disposal, and ballast water management.

By investing in clean technologies, the shipping industry can reduce its environmental impact by using emission control systems, advanced wastewater treatment systems, and energy-efficient ship designs.

Finally, it is about time that the shipping industry start collaboration with environmental organizations to develop and implement sustainable shipping practices.

On the Digitalization front, the shipping

industry can improve its efficiency and resilience by adopting digital technologies such as artificial intelligence (AI), big data, and blockchain. These technologies can be used to optimize ship operations, improve supply chain visibility, and reduce fraud.

At the same time, shipping will need to invest in training and education to ensure that its workforce has the skills to operate and maintain digital systems. A need for development of digital infrastructure such as high-speed data networks and secure data centers to support its digital transformation may arise in the years to come.

logistics professionals. Moreover, promotion of diversity and inclusion is required to create a more welcoming and attractive workplace for all employees. Last but not least, improvement of working conditions to attract and retain workers is most critical inclusive of provision of competitive wages and benefits, safe and healthy work environments, and opportunities for career advancement.

By adopting these strategies, the shipping industry can maintain its resilience and its commitment to change, and continue to play a vital role in the global economy.

On Geopolitical tensions, while shipping operates under operates under most challenging conditions perhaps shall consider reducing its exposure to geopolitical tensions by diversifying its supply chains.

This can be done by using multiple ports and shipping routes, and by sourcing goods from a variety of countries. Contingency plans development may be required to deal with disruptions caused by geopolitical tensions. These plans should include alternative shipping routes, secure storage facilities, and insurance coverage.

A Shipping Partnership

Labor shortages is and would be one of the major challenges for shipping moving forward. As such, the industry will need to invest in training and education to attract and retain qualified workers. This includes training for seafarers, port workers, and

As a final word, shipping is an industry of partnership and not a one-way street, and we, the Liberian Registry, are committed to making sure to share with shipowners our experiences, our networks, our technology, and our global network to ensure their vessels get the support they need to operate in an ever changing and increasingly complicated regulatory environment.

The aim for continuous improvement, innovation, technology utilization to improve existing system for ships to operate efficiently, safely and environmentally friendly is a continuous effort, and Liberia is committed on this continuous effort that will improve not only shipping but the community at large and this is a commitment more than ever now.

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Danae Bezantakou CEO – NAVIGATOR SHIPPING CONSULTANTS

Sustainable Navigation:

Resilient Strategies for the Modern Shipping Industry

T

he shipping industry is navigating a transformative era marked by several challenges, including decarbonization imperatives, the rise of digital technologies, geopolitical tensions, labor shortages, and strict environmental regulations. In order to maintain resilience and foster meaningful change, it is crucial for shipping companies to adopt a comprehensive and strategic approach.

Decarbonization Initiatives

One of the primary challenges facing the shipping industry is the imperative to reduce carbon emissions. To tackle this, companies must invest in sustainable practices, embracing alternative fuels (biofuels, hydrogen), incorporating energy-efficient vessel designs, and integrating renewable energy sources (solar, wind power).

Staying at the forefront of green technologies and collaborating with industry partners to share insights can accelerate the sector’s transition towards decarbonization.

Despite contributing to about 2.5% of environmental pollution, the shipping industry’s control over 90% of global trade underscores its indispensability. However, this prominence necessitates a heightened responsibility to embrace innovative solutions. An essential facet of this transition involves leveraging digitalization to monitor and control vessels remotely from onshore offices, enhancing operational efficiency, and contributing to minimizing the environmental impact by optimizing routes and fuel consumption.

Digitalization for Operational Efficiency

Digitalization is a key driver for operational efficiency in the maritime sector. Integrating advanced technologies such as data analytics and blockchain can significantly enhance various aspects of shipping operations. Predictive analytics can optimize routes, reducing fuel consumption and emissions. Investing in cybersecurity measures concurrently is essential to safeguard sensitive data and ensure the resilience of digital infrastructure.

Geopolitical Navigation

Geopolitical tensions significantly affect shipping, necessitating companies to stay informed on global developments. This involves monitoring international relations, trade policies, and potential disruptions. Mitigating risks includes diversifying routes, forming flexible partnerships, and strengthening inter-country relations for operational adaptability amid political changes.

Showcasing impressive statistics for Greek & European shipping’s global impact.

- 195 countries worldwide, that control 90% of global trade - 15 countries own 80% world fleet - 3 countries own 42% of world fleet Greece, a country that makes up only 0.15% of the world’s population, commands:

Danae Bezantakou

CEO – NAVIGATOR SHIPPING CONSULTANTS 5,514 VESSELS 441 MIL DWT 21% OF THE WORLD’S FLEET IN DWT 59% OF THE EUROPEAN FLEET IN DWT

Addressing Labor Shortages

Labor shortages in shipping hinder operational continuity. To address this, fostering a positive work environment and investing in employee training are crucial. Both employees and management should engage in training to adapt to industry changes. Creating a culture that values its workforce helps attract and retain skilled personnel. Exploring automation and technology can supplement human labor, enhancing efficiency.

Given the escalating global population and heightened cargo demands, the industry faces the critical task of securing an ample workforce. Noteworthy demographic shifts, such as the projected global population of 10 billion by the end of the 21st century,

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underscore the urgency of proactive measures.

With Europe’s declining population share, including Greece’s anticipated decrease by 12% by 2050, (predictions to have the oldest population in the EU by 2030), concerted efforts are necessary to address the current shortage of seafarers. In particular, recognizing the stark decline from 150,000 seafarers in 1990 to 20,000 in 2023 highlights the need for extensive training in new technologies.

Proactively training 800,000 seamen by 2030 becomes paramount to mitigate potential workforce shortages and prevent the displacement of human resources by artificial intelligence. Collaborative initiatives between the EU and Greece can play a pivotal role in shaping a resilient and technologically adept maritime workforce.

Compliance with Environmental Regulations

Stringent environmental regulations, such as emissions standards and ballast water management requirements, necessitate proactive compliance measures. Ensuring vessels meet and exceed these regulations is not just a legal requirement but a commitment to sustainability. Regular audits, monitoring systems, and continuous improvement strategies should be implemented to uphold environmental standards. Engaging with industry associations and regulatory bodies allows companies to actively contribute to shaping pragmatic and effective regulations that align with industry needs.

Collaborative Industry Initiatives

The shipping industry faces complex challenges, requiring collaborative efforts for positive change. Engaging in partnerships, forums, and industry-wide initiatives enables companies to share best practices and innovative solutions. This approach fosters a collective commitment to sustainability, involving not only companies but also academia, politics, and sectors like ports, logistics, and shipyards.

Furthermore, it is essential for entities like the EU to invest in innovation, dedicating resources to address industry challenges.

With 500 million euros allocated in the EU, an additional 100 million euros could be earmarked to bring in immigrants to address the workforce needs.

NAVIGATOR FORUM, a significant gathering for the global shipping community, occurring since 2001 on an annual basis, has been pivotal for knowledge exchange and collaboration.

The upcoming 23rd NAVIGATOR in 2024, scheduled from September 20 to 22 in Chios & Oinousses islands, and themed #NavigateBeyondBoundaries promises exploration of new frontiers. The NAVIGATOR ASSEMBLY on March 13, 2024, at Grand Hyatt Athens, themed #ForgeTheFuture, precedes the SHIPPING DECISION MAKERS FORUM, covering key themes like decarbonization, maritime logistics, smart shipping, human performance, ESG, and more.

This forum brings ship owners and the shipping cluster together to translate agreements into action, showcasing a commitment to practical solutions.

Participating in such forums aligns with collaborative industry initiatives, providing an excellent opportunity for shipping companies to contribute, share insights, and collectively shape the future of the industry.

Strategic Planning for Resilience

In the face of uncertainties, strategic planning is crucial. Developing comprehensive contingency plans involves scenario planning, risk assessments, and continuous monitoring of industry trends. Diver-

sifying operations and revenue streams fortifies a company against disruptions, fostering long-term resilience.

As we navigate an experimental future, a unique dilemma arises— the first-time challenge of deciding which vessels to build. This uncertainty extends beyond practical shipbuilding decisions, involving advising the younger generation entering the industry. Thoughtful strategic planning is needed to navigate uncharted territories.

Here I would like to mention statements of Mrs. Melina Travlou, President of the Union of Greek Shipowners, who asserted at COP28 in Dubai, and to which I fully agree: “The global energy transition cannot be achieved without shipping” “We do not produce energy; we do not trade energy. But we use and transport energy.”

In fostering resilience and commitment to change in the shipping industry, education plays a pivotal role. Platforms like YES Forum integrate young minds into the maritime landscape, contributing to competent executives who will propel our country globally.

YES Forum platform serves as a beacon for open dialogue in Greek Shipping and Sea Tourism, bringing together executives, school and university students, and recent graduates. Held under the auspices of the Ministries of Shipping, Education, Tourism, and the Hellenic Chamber of Shipping, as well as with the endorsement of the majority of Greek Universities, YES Forum strives to contribute to the creation of a skilled workforce that will uphold the industry’s standards.

In the current academic year alone, YES Forum has conducted physical, live presentations to 70 schools, reaching over 10,000 students, also advocating through mentoring programs, open days, and the Youth day at Posidonia. This outreach, officially approved by the Ministry of Education and Religious Affairs and the Institute of Educational Policy, underscores the commitment to empowering the next generation with knowledge about the shipping industry.

Integrating young minds into the maritime sector is not just an investment in the future but a strategic move for industry innovation.

Involving students in discussions about decarbonization, digitalization, geopolitical challenges, labor shortages, and environmental regulations fosters a dynamic and forward-thinking mindset. Despite Greek shipping history spanning 2,500 years, the industry faces the challenge of a limited number of seafarers. Active engagement with the youth in discussions and education is crucial for the continuity of the Greek shipping miracle.

Navigating challenges in the shipping industry, such as decarbonization, digitalization, geopolitical tensions, labor shortages, and environmental regulations, requires the involvement of young professionals for fresh perspectives and innovative solutions. YES Forum acts as a crucial bridge, connecting industry leaders with the enthusiasm and creativity of the next generation.

In conclusion, maintaining resilience and commitment to change demands a holistic approach. Companies must address multiple challenges simultaneously, engage in collaborative initiatives, and strategically plan for resilience. Recognizing the pivotal role of education, actively supporting initiatives like Navigator Forum & YES Forum, and integrating young talents into the shipping landscape ensures industry resilience and paves the way for a sustainable maritime future. Collaborative efforts across generations are key to achieving true progress in the shipping industry.

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Nikos Vettas

General Director, Foundation for Economic and Industrial Research - IOBE

INTERVIEW

Shipping contriutes 8% to Greece’s national economy Greece’s leading role, particularly in the shipping industry, with the Greek-owned fleet accounting for 22% of the world fleet and almost 70% of the European fleet, is a driver of global economic growth. Almost 90% of world trade is carried by sea.

Together with other sectors, such as cruise and short sea shipping, and a network of companies providing services and goods alongside shipping, such as port services, shipbuilding, ship repair, marine equipment, ship finance and other services, Piraeus, which covers an area of only 40 square kilometers, is an international maritime center.

Recently, the Foundation for Economic and Industrial Research - IOBE, published a study on the contribution of shipping to the Greek economy. The study was conducted with the support of the Aikaterini Laskaridis Foundation.

The 136 pages of this study describe in detail the contribution of Greek-owned Shipping to the Greek economy, as well as the prospects and challenges for the future in a barrage of regulations and targets with a time horizon of 2030 and 2050.

In this edition of NAFS magazine we publish an interview with the General Director of IOBE, and Professor of Economics at the Athens University of Economics and Business, Mr. Nikos Vettas, with whom we will discuss these important issues of the Shipping Industry.

Nikos Vettas

General Director, Foundation for Economic and Industrial Research - IOBE What is the current position of Greek-owned shipping in the European and global market?

Greek shipping continues to be a world leader. Its position can vary from first to third, depending on what is measured (i.e. capacity, value, large or small vessels, etc). It should be stressed that what happens in shipping is very much influenced and determined by global trends, which are currently strong. Among these trends are, firstly, the need for decarbonization and greening of the world fleet. Secondly the changes in global trade flows. The sooner the global shipping industry understands and processes these changes, the better.

In terms of numbers, the Greek-owned fleet is the first in the world in terms of tonnage, ahead of the second fleet owned by China and the third fleet owned by Japan. In terms of value, the Greek-owned fleet is second only to China, with a value of just over $160 billion. Also, according to official data from the Union of Grek Shipowners, the average age of the Greek-owned fleet is lower than that of the world fleet. The third trend, which is also linked to the above and is considered the most important, is related to investments. The ship-owners current position is important, however, equally important is what you build, in order to be at the forefront of the market tomorrow. Currently, the Greek-owned fleet is the third largest in terms of newbuilding orders after China and Japan.

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Within the numbers of the study are there any that should worry us?

Within Europe, the Greek-owned fleet remains by far the most powerful. Yet the strong Asian economies, which are most directly in the path of world trade, are growing fast. At the opposite side, the flagging out effect from the Greek registry (Greek flag) is a concern with possibly negative implications in Greek shipping sustainability.

We see a gradual decline every year, coming mostly from large ocean-going vessels. In terms of numbers, in 2015 we had 800 ships under the Greek flag, while today we have around 600. The Greek flag is still among the top 10 flags in the world, but if this decline continues, then indeed, maybe the government should reconsider its national maritime policy to increase its attractiveness.

economic impact from just the consumption incurred during the vessel’s stay in a port. Unfortunately, Greek ports are still far behind in relevant infrastructure hindering the increase of cruise ship calls in the future. The implementation of existing plans need to be accelerated. I personally believe that we should not move towards a model of mass cruise ship berths in the Greek islands in favor of hosting 2-3 thousand tourists for a couple of hours; managing our natural resources and creating touristic models that are sustainable in the long run is necessary.

What is the current situation in the shipbuilding and ship repair sector in Greece?

The shipbuilding industry in Greece is reviving, albeit at a slow pace. It is true that most of the shipbuilding activity is now taking What is the role of Short Sea Shipping in Greece and how does place in Asia, while Europe competes in terms of specialization. it contribute to the European shipping network?

The repair and technological upgrading of ships are pillars that bring high profits and improve Short sea shipping is also a very the national economy. Here too, important part of the Greek maritime “On the basis of the study we published, we Greek manufacturers of shipping cluster, with a role proportionate to equipment and supplies play a can say that there is a very strong relationship its involvement in the trade routes. vital role. In the recent past, we between Greek shipping and the overall Greek Of course, there is a significant have collaborated with HEMEXeconomy. This is the second time that IOBE potential for the sector, especialPO (Hellenic Marine Equipment ly considering the geographical has dealt with this issue in a holistic approach.

Manufacturers and Exports), who position of Greece (entry point from are very active in the areas of The first study was carried out 10 years ago.

Asia) and the need for secondary supply and equipment for shipToday, with the support of the Aikaterini Lastransport with ships that cover shortping. One of the global shipping karidis Foundation, we have published the er distances. Here, things are also a industry challenges is related to little more complicated as there are second study, as we have to show that both technological upgrading, such as also routes involving a rail network. the use of autonomous ships, the the Greek economy and Greek-owned shipuse of big data and even artificial What is the contribution of shipping have changed; so has the relationship intelligence.

So, shipbuilding now ping to the Greek economy? between them”. incorporates huge amounts of The Greek economy entered a deep specialized technology. This is a recession since 2008 for at least great opportunity for Greece and 8 years and has been trying to find a solid branch to catch in this Greek companies. recession flood. In the continuous effort to rely on sectors that are What is the current picture of shipping finance for Greek comextrovert and of high added value, shipping is a sector that provides panies? income and jobs, even when things are not going well in the Greek economy. Shipping during the recession brought consistently Greek shipping has the potential to maintain its leading position in incomes to the country and maintained jobs for people working in global shipping. The differential cost of financing for other industry the sector. It is crucial that how shipping moves does not depend sectors remains significant and high, whereas this is not the case on domestic demand but on global demand and competition. If you for shipping. But here we should stress that the shipping industry take all these effects into account, about 8% of the Greek Gross is a global giant that has to comply with historical challenges, by Domestic Product derives from shipping. Therefore, the better the investing heavily to achieve stringent environmental goals and shipping sector does, the more the Greek economy will be positiveby adopting modern technologies, which, however, comes with ly affected. potential high uncertainties. Access to funding is needed, the costs According to the study, 98% of Greek ports have inadequate reception equipment and 75% are unsuitable for cruise ships.

How do you think Greek ports will meet the environmental targets?

Hosting cruises and design of routes that start and finish in Greece can bring in huge revenues. As an example, we can consider the

of which will then be amortized. So, the bet is to identify the correct mix of investments in proper technologies and to ensure that Greek ship-owners remain competitive on the global map of global shipping. In this frame, the rise of Asian leading powers with access to funding should not be overlooked. The next 5 -10 years are critical for adjusting shipping to the global challenges with regards to decarbonization and the new environmental standards.

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Irene Notias

Country Manager, Sing Fuels Ltd., Founder, Project CONNECT

Courage, assurance, responsibility, and execution

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espite its strength and significant role in world trade, I see shipping industry’s vulnerability lies in the areas of financing its new energy procurement and a weakness in hiring skilled quality human energy. From 22 years of selling bunker fuels and interacting directly with decision makers, the instruments that are linked to buying bunker fuel have always been too volatile and now with the uncertainties of the alternative fuels, there is an added strain on the resilience we have seen over the years. Nevertheless, Shipping can weather storms because of its people’s drive, stamina, know-how and from love for their work and faith.

How will Shipping maintain its resilience and its commitment to the inevitable and variety of changes?

I believe it will take courage, assurance, responsibility and execution. I believe it will take confident people that have assurance of their skills, the conditions, and the rules. For instance, the rule of “safety first”, so we will train the crew on new fuels delivery methods --pre & post. Crew and shore personnel must be knowledgeable and experienced; be able to handle the ropes and weather any storm.

Three years ago, I wrote a trade article, “The Achilles heel of shipping”, which stated that the shortage of fuel credit lines would negatively impact smaller shipping companies. The credit insurance companies besides the banks began to reassess the exposures after the fuel trading company and shipping companies bankruptcies.

Fuel Suppliers became very careful to who they sold. With the new variables in the horizon, like alternative fuels, comes an array of conditions that someone has to adapt to responsibly by accurately knowing the history and how to’s of the fuel industry before entering this new arena. Who will sell the new fuels to who? How will they be priced? Who will train the unknown? I wonder is there room for trial and error anymore, like there was 20 years ago? Topped up with imminent variables like decarbonization, environmental regulations, geopolitical tensions, and labor shortages, resilience, watch out. Our industry’s leaders and managers will need adequate support to juggle it all and make their companies come out winners. I believe it can be achieved.

Digitalization is an efficacy tool that will aide them but there must be investment in a qualified – skilled work force that will not disrupt but instead enable the necessary growth. We need a next gen workforce that cares, has faith, and that possess the necessary courage and assurance, at the same time acts responsibly and executes the tasks at hand efficiently and effectively. They must gain ample work experience on the relative subjects, working under the experienced, to achieve this though.

I am confident we can sustain shipping if we make Knowledge King, stick to the priorities, and work together on training high standards to the work force who can support the leaders’ visions. We must also prepare the young shipping student who chose to work in this industry on how to work. The industry is a chain reaction dynamic. It was once driven by basic economic principles (supply & demand) and simple math (1+1=2); now, it is driven by virtual markets and soon robots. Buying bunker fuel was basis real value pricing, and now it is based on paper which is linked to a bank which is linked to an insurance company. You are actually buying a commodity. When the bunker price is subject to crude oil futures movements based on all about nothing news and algorithms, the

Irene Notias

Country Manager, Sing Fuels Ltd., Founder, Project CONNECT added variables make running a ship more complex than ever.

Achilles Heel is just a sore spot and can be ‘healed’ (no pun intended). The ship owning community should recognize the weaknesses and act before they acclimatize further. Let’s not forget the IMO is a regulating body but it is not the law unless the adopting country makes it so. Thus, we need to educate lawmakers about shipping operations in order for them to make cohesive decisions that HARMONIZE rather than disrupt the vessels operations and positive results.

For sure assurance in a world of uncertainty is like an oxymoron.

Let’s encourage more appropriate measures and procedures to safeguard our crew, the vessel, besides the cargo and company’s profitability. Let’s remember that cheap is expensive and you get what you pay for. Focus on entrusting capable knowledgeable people to achieve goals cost-effectively. And why not encourage businesses to follow best practices and ethics for the good of a healthy international commerce and thereby, a healthy economy. Governments should offer incentives, for instance, to hire and train college freshman to get that competitive edge of a skilled workforce. While governments and the IMO contemplate ideas, the various maritime service industries, like the bunker sector, can continue to support customers to sustain their businesses, thru understanding the consequences of not, because without buyers, there are no sellers.

Finally, as history tells, as long as there are effective, caring Captains with faith, shipping will remain resilient surviving all weather changes with courage, assurance, responsibility and intelligent execution.

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Maria Deligianni

National Director, Eastern Mediterranean Cruise Lines International Association (CLIA)

The Future of Cruise Travel: Sustainable

Growth and Emerging Markets

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he Mediterranean Sea traditionally remains the second most popular cruise destination market globally after the Caribbean, Bahamas, and Bermuda.

The Western and central Med includes well-established destinations with Barcelona and Civitavecchia being the two most visited ports in the region and ranking among the top ten globally.

The Eastern Med is considered by the cruise lines as a destination market with a potential yet to be unlocked. Comprised of Cyprus, Egypt, Greece, Israel, Turkey, the Eastern Med basin is ideal for cruise exploration: a region with a vast range of countries, culturally diverse, bringing together three different continents.

Several ports in the region are making considerable investments to increase cruise traffic, including Piraeus, Heraklion, Thessaloniki, Galata, Limassol, Haifa, and Alexandria that are building new cruise terminals or investing in new environmental technologies to provide incentives as the cruise industry continues to reduce emissions.

The Eastern Mediterranean is though vulnerable to geopolitical tensions. Like a domino effect, tensions in one country can impact the whole region. We saw this back in 2016 when instability in Turkey affected cruising in Greece. And we see this now in the Middle East with the ongoing conflict of the Israeli – Hamas war.

Cruise operators place their first priority on the safety of passengers and crew, and are adjusting itineraries as needed in their interest in the Eastern Med and the Red Sea. However, the perception of the passenger is also important. It is not enough for a country to be safe, but it needs to be perceived as safe as well. How long will this last and to what degree will the region be affected from the cruise perspective is largely unknown, and our thoughts are with all who are impacted by the attacks. While itineraries to Israel are currently on hold, decisions on Egypt and Turkey vary. Greece and Cyprus not only have remained intact on short and long term but have seen an increase in cruise ship calls.

There is a growth trend for the development of the cruise sector globally.

Prior to the global health crisis, in 2019, almost 30 million passengers were sailing worldwide annually. Demonstrating the strength and resilience of the sector, cruise tourism is forecast to reach 106% of 2019 levels in 2023—with 31.5 million passengers sailing—and grow to nearly 40 million passengers in 2027. This compares to the UNWTO forecast that international tourist arrivals in 2023 will be 80% to 95% of 2019 levels.

We welcome the responsible growth of cruise, which supports more than a million jobs throughout the world, of which hundreds of thousands are in Europe. Those who work in the cruise industry take great care to respect the communities cruise ships visit and acknowledge this growth may require adjustments in itineraries, port operations, improved destination management practices, and collaboration to maintain optimal experiences for communities and visitors. This includes management of ship arrivals and departures and the opening of new cruise tourist destinations, which the Eastern Med has many opportunities to offer.

Maria Deligianni

National Director, Eastern Mediterranean Cruise Lines International Association (CLIA) At the same time, the decarbonization of our sector remains a priority. CLIA member cruise lines are committed to pursuing net zero carbon cruising by 2050. During the next five years we expect CLIA cruise line members will introduce 44 new ships to the global fleet, representing an investment of more than $40 billion. With the introduction of these news ships, we see enhanced efficiency as cruise lines continue to invest in the latest environmental technologies, the adoption of circular economy principles, and an increasing number of vessels using or able to incorporate alternative fuels once available. Decarbonization though does not depend entirely on the cruise lines alone. It requires the cooperation of ports and governments to make alternative fuels available at scale, as well as the development of infrastructure for the provision of shoreside electricity.

Set against this backdrop, the future of the cruise sector is bright.

It is a responsible holiday travel choice, and growth is being driven by the younger generations (the average age is now 46,5 years old and getting younger). In addition, cruise is often the only holiday travel option for travelers with limited mobility, and remains the only way to discover remote places.

What is our vision for 2024? Our vision is for the cruise industry to continue to chart the future of sustainable cruise travel and to inspire lifelong cruisers and generations of new-to-cruise travelers to sail responsibly—one of the many reasons we believe cruise is the best way to see the world.

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Thomas A. Kazakos Director General, Cyprus Shipping Chamber

Harnessing Technology and Adaptability to Shape the Future of Shipping

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he Shipping Industry is setting sail towards even greener horizons. In the following years, we expect more investments in eco-friendly technologies like alternative fuels, electric propulsion, and even wind-assisted propulsion.

Governments and Industry stakeholders are collaborating to reduce further emissions from the Shipping sector. To maintain resilience, Shipping needs to set sail into the future with some innovative navigation. Embracing decarbonisation means exploring alternative fuels and green technologies.

The way forward to accelerate the development of affordable low and zero-carbon fuels and technologies is to develop a “fund and reward” mechanism to incentivize shipowners who quickly transition to green technologies and fuels, while it will contribute billions of dollars annually to produce alternative fuels and establish fuel supply infrastructure in developing countries.

The Chamber believes that the immediate implementation of a global fund will help the Shipping Industry achieve the decarbonisation goals set by the IMO more quickly and ensure a level playing field for competition worldwide in the Shipping Industry.

The funds collected should be invested, among other things, in providing incentives for the adoption of low/zero-emission fuels, reducing the cost gap between these fuels and conventional liquid fuels, financing applied research and development programs for alternative fuels and innovative technologies, and providing technical and economic support to mitigate negative impacts on developing countries.

Additionally, the proposed mechanism will not burden Maritime Administrations, as it will be implemented through the existing IMO Data Collection System.

The Chamber believes that this proposal from the International Chamber of Shipping, addresses all concerns expressed by IMO Member States to date and can serve as an excellent framework for further development and finalisation by IMO of a Market-Based Mechanism for Shipping, starting in early 2025.

The Industry is also steering towards a more connected and automated future. Digitalisation can streamline operations, from smart logistics to efficient communication. Embracing digital technologies like IoT, blockchain, and AI can enhance efficiency, streamline operations, and provide real-time data for better decision-making. Technology is also instrumental in the Maritime Industry’s efforts to decarbonise.

Advances in propulsion, alternative fuels, data analytics, and emission monitoring are essential components of making Shipping more sustainable and reducing its environmental impact. These technological innovations not only help meet regulatory requirements but also make economic sense by reducing operational costs over the long term. As such, digital and ecological transitions must go hand in hand towards the digital and greener transition of Shipping.

From our side, as Cyprus Shipping Chamber, since years now, we have formed a team of “in-house” experts through our Digitalisation Committee, which monitors the development of new technologies and the fields of automation and digitalisation and promptly advises Member-Companies about new technologies which could offer efficiency, safety, and environmental performance as well as advise on cyber-attacks challenges, especially through discussions at both national and international forums, aiming to find the best approach to combat cyber-crimes.

Geopolitical tensions call for adaptable strategies and diplomatic navigation. Navigating through geopolitical waters can be tricky, but diversification of routes and suppliers, along with robust risk management strategies, can help ships weather the storm. Diplomacy and collaboration will be key in finding smoother seas.

Thomas A. Kazakos

Director General, Cyprus Shipping Chamber The shortage of skilled seafarers is another challenge. To keep global trade moving, our Industry needs almost 90,000 additional seafarers by 2026, while we retain our existing human resources capacity.

The Chamber’s educational activities, which are being successfully executed for twenty years now, have contributed to a high extent in creating awareness in Cyprus for the benefits of seafaring careers and land-based professions in Shipping, as well as attracting fresh qualified talent in the industry. In addition, the “Adopt-a-Ship” Programme which was initiated by the Cyprus Shipping Chamber in 2006 and is now receiving recognition from shipping leaders and adopted by many countries worldwide, has been acquainting youngsters of ages 11-12 with seafaring professions and our ships through email communication of the crew onboard with their classroom ashore.

Shipping companies can reap big benefits from improved crew welfare, and digital technology can be the driver of those benefits.

Having connectivity and access to digital tools on board help improve crew morale, reduce social isolation, improve crew retention and it can have a profoundly positive impact on attracting staff working in a maritime environment. Establishing dedicated schemes to support the role of women and other underrepresented groups can also open doors to underutilised source of maritime talent and bridge the gap of crew shortages, ensuring our industry’s sustainability.

In a nutshell, adaptability, innovation, and most importantly collaboration between industry stakeholders and regulatory bodies will be the anchors holding the Shipping Industry steady in the face of these challenges. The goal is mutual and is to create a resilient and secure maritime ecosystem that can adapt to evolving challenges.

It is a challenging sea, but with the right course, Shipping can ride the waves of change!

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Thomas Sakellariou

Head of Business Development for Greece, Cyprus and Israel at Lloyd’s Register

Filling in the gaps – the challenge for 2024

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aritime is on track - the technology for low and zero-carbon ships exists. Now we need to address what this means for port infrastructure and future fuel supply chains. Many shipowners are making bold decisions about their emissions reduction pathways to bring their operations in line with IMO’s 2030 and 2050 greenhouse gas (GHG) emissions targets. Some are doing so at the behest of their charterers, others simply because they can see the opportunity that the energy transition presents. Our industry transports energy around the world, and countries will not be able to meet their decarbonisation ambitions without us, because clean energy will be produced and consumed in different places. However, shipping does not operate alone. It’s part of a complex and interwoven supply chain that serves society through the delivery of global trade. Within this landscape there are numerous stakeholders, including policymakers, regulators, technology developers, fuel producers, ports shipyards and financial institutions, that must engage in the conversation to ensure that zero-carbon shipping becomes a reality.

The future bunkers network will feature multiple fuels and technologies, each with their own set of limitations and separately engineered to serve a particular sector or trade route. This complex landscape creates challenges both from the shore and ship side.

Significant progress has already been made to develop hydrogen, ammonia and methanol fuelled ships, with battery power propulsion being proven in some short sea applications. Attention around nuclear is increasing. The technology to power vessels using these fuels exists as is evidenced by the number of dual-fuel vessels on order or in service. Retrofitting engines and energy-saving devices (ESDs) are also on the rise. The owners of these vessels are leading the charge and making decisions that will inform international regulations and government policies in the years to come, but ultimately maritime can’t deliver zero- or near zero-emissions shipping on its own. To enable these vessels to switch from fossil to low-carbon fuels as intended, the necessary infrastructure must be put in place. This includes the safe production, storage and transport of these fuels so that they are available at ports, terminals and other bunker centres.

Here policymaker participation is vital. Without it, maritime’s efforts to decarbonise will be severely restricted.

Green shipping corridors were almost unheard of two years ago, but now offer a route to integrated industry engagement between government, technology, finance and industry. They are successfully speeding up the testing and use of future fuels and other technology across the value chain. One example is the Silk Alliance, a green cluster focussing on the container trades across Southeast Asia to China, the Indian subcontinent and the Arabian Peninsula. It’s a partnership of nearly 20 stakeholders spanning shipowners, academia and banks, bunkers and logistics, terminals and shipbuilding, initiated and facilitated by the LR Maritime Decarbonisation Hub. The Silk Alliance is an example of stakeholders across an entire supply chain interacting and connecting on the same challenge and mission. Green shipping corridors such as this one are essential to ensure shore-side infrastructure is developed to enable the switch from fossil fuels to carbon-free alternatives.

Meanwhile, we must forge ahead and bring future fuels to market as soon as possible. Collaboration across industry has been remarkable and we have seen numerous fuel-specific projects emerge in the last three years. Take the Castor Initiative, a global coalition

Thomas Sakellariou

Head of Business Development for Greece, Cyprus and Israel at Lloyd’s Register focussed on zero emissions vessels, which wants to make ammonia-fuelled deep-sea tankers a reality before the end of the decade.

In November LR entered a joined development project to class two ammonia-ready LCO2 carriers for Capital Gas Ship Management, which will be built at Hyundai Mip Dockyard. Demonstrator projects such as these send a clear message that shipping is acting now. Our industry is already navigating the recently introduced IMO Carbon Intensity Indicator and Energy Efficiency Existing Ship Index rating systems, and there is still much work to be done to meet IMO’s 2030 goal to reduce CO2 emissions by 40% compared to 2008 levels.

With this in mind, we must not overlook the opportunities presented

by ESDs. Lloyd’s Register data shows that these are a popular choice amongst owners and operators, with 8,785 ESDs either on order or installed. Propellor and rudder technology is especially favoured, and these technologies combined account for more than 60% of the overall the figure alone. It’s easy to see the appeal as after initial outlay, not only does this technology reduce emissions – IMO states that they can reduce engine fuel consumption by up to 5% – it also reduces costs, which with the projected high costs of low- or zero-emissions fuels is a desirable prospect.

Zero emissions can only be met, however, through new fuels and other forms of zero emissions propulsion. Shipping is playing its part. It is now the shore-side infrastructure where the gaps are most significant and where most progress is required. Our focus in 2024 must be on developing a new fuels supply chain that is fair and equitable for all parties.

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George Xiradakis

Founder and Managing Director XRTC Business Consultants, President of the Association of Banking and Financial Executives of Hellenic Shipping

The Maritime Shipping Industry in Flux: Adapting to a Changing Landscape

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he shipping trends play a vital role in global trade as transporting goods worth trillions of dollars yearly, undertaking 90% of global transportation. According to OECD, the forecasted maritime trade volumes will be tripled by 2050, as the population growth and the continued urbanization will lead to an increase in demand for maritime shipping services. These projections urge the maritime shipping industry to continue its efforts for innovation and adoption to new technologies in order to meet both the increased demand and the transition to a zero-emissions regime according to the International Maritime Organization (IMO).

The move toward green technology is a critical trend in maritime shipping. With increasing public awareness of the need to protect the environment, it is becoming increasingly crucial for maritime companies to adopt green practices. While it is the most carbon efficient means of transportation (on a CO2 per ton-km basis), shipping still accounts for one billion tons of CO2 per year, around 3% of annual global greenhouse gas emissions. The maritime trade volumes that are forecasted to triple by 2050, will bring up the CO2 equivalent emissions to 250% increase.

Over the past decade, the maritime industry has made significant strides in its decarbonization journey. The introduction of Energy Efficiency Design Index (EEDI) in 2013 and subsequently Energy Efficiency eXisting ship Index (EEXI) and Carbon Intensity Index (CII) in 2022 have significantly increased the efficiency of both newly delivered and existing ships since 2013. The recently revised IMO greenhouse gas strategy has now set revised targets to further increase efficiency and move the industry to net zero emissions, by or close to 2050.

Under this scope, undoubtedly the maritime sector is poised for a profound transformation in the coming years. Advancements in propulsion technologies, optimizing vessels’ design, and adopting alternative fuels are pivotal.

George Xiradakis

Founder and Managing Director XRTC Business Consultants, President of the Association of Banking and Financial Executives of Hellenic Shipping

As the regulatory environment and stakeholder pressure around decarbonization and emissions reductions are ramping up, compliance with these regulations will be essential if shipowners want to elevate the industry and maintain its relevance.

Additionally, prioritizing digitalization through data analytics and automation will help to optimize operations and boost efficiency – but only as long as they balance against cyber security risks. However, by focusing on these key areas, the maritime industry can significantly contribute to global sustainability goals and navigate the evolving business landscape.

Shipping Companies are exploring ways to leverage new technologies to improve the efficiency and productivity of their investments. Other industries have been affected by digitizing

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Photo: UNSPLASH

their operations much earlier than the shipping industry, which is due to the inherent complexity of the maritime industry.

It is estimated that it will require between $1–1.4tn of cumulative investment across the shipping industry and its value chain, to reach the IMO’s target of reducing absolute emissions by at least 50% by 2050 (or $50–70bn annually between 2030–2050). A study of UMAS Advisors and the Energy Transitions Commission for the Global Maritime Forum for the Getting to Zero Coalition shows that 87% of the above investment relates to land-based infrastructure and the remaining 13% to on-board technologies. The capital would be spread over 20 years – between 2030 and 2050 – and would be the result of a joint effort between different stakeholders, including primarily the financial institutions and the banks.

The banks face growing calls to play their part in addressing today’s environmental and social concerns, following the new set of mandatory directives, frameworks and tables issued by the European Banking Authority (EBA) that the banks must follow. The Greek shipowners with the support mainly of European banks have already started this effort. New orders for ships with alternative fuels have already been financed, while the renewal of the Greek fleet, which is one of the youngest in the world, in a continuous process. Even though large and traditional European shipping banks have proceeded in recent years to reduce or sell their portfolios, the percentage they hold in the total of Greek shipping financing reaches 78% (according to 2021 data).

The remaining percentage of financing is covered by Leasing companies from Asian countries, mainly Chinese, who found the opportunity to enter the space, taking advantage of the lack of regulatory frameworks and their eagerness to support their yards.

One of the drivers for banks and financial institutions to extend green/sustainable loans is the potential ability to access a new type of investor base through the capital markets. Green or sustainable bonds can be issued, which differs from conventional bonds in that the issuer provides a set of green or sustainable criteria and undertakes to use the capital raised for projects that meet those criteria. As a result, banks and financial institutions may have capital earmarked solely for green or sustainable projects.

The European Union’s green transition plan, linking financing to borrowers’ performance on environmental, social and governance

(ESG), the implementation of the Basel IV framework by the European financial institutions shows the path to the shipping companies to access financing at competitive costs and terms.

The coming decades the Asian economies are projected to dominate, driven by shifting population dynamics, new resource demands and technological innovations. Already, as of 2021, the Asian economies accounted for 43% of maritime exports and 64% of imports, while four of the top five countries supplying seafarers in global shipping, were in Asia, with the Philippines ranking first country. The same estimates suggest that, in 2050, Asian countries, namely India, Indonesia, South Korea and Japan, will make up half of the world’s top ten economies. As the economic and political influence of Asian economies increases, maritime trade in the region will continue to expand.

The new business environment demands the shipping industry to shift from the traditional business model of selling capacity, to one that offers value to customers. We need concrete actions in the form of investments, technology scaling, infrastructure readiness and real progress in reducing the costs. Upgrading or transforming the existing practices, adopting, and operating new technologies under the expertise of skilled seafarers, leveraging Artificial Intelligence and the latest achievements of humankind but most importantly collaborating and coordinating with all maritime stakeholders, will propel us as a sustainable and forward-thinking maritime industry.

A resilient maritime sector is one that is equipped to withstand and adapt to changing conditions and recover positively from shocks and stresses, whether they be related to climate hazards, geopolitical uncertainty, technological change, decarbonization efforts, or other unforeseen disruptors. Greek shipping, with its long-standing know-how and collective dynamism has always been a testament to resilience and adaptability and has proved and will continue to be capable in finding a balance between environmental stewardship and business profitability will be key to success.

The dynamism and the future bet of Greek shipping does not merely depend on “seamanship”, but it rather lies in the significant investment in innovation as well as in high level education and training of its executives and its staff. Finally it depends on its continuous strength and capability in adopting risky investment that leads the national shipping industry to maintain its leading position.

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Anastasios Andreas Maraslis Founder/President of Marasco Marine Ltd

Cultivating a Legacy of Risk Prevention in Maritime Ventures

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n the ever-evolving and challenging seas of the maritime industry, Marasco Marine Ltd distinguishes itself as a dedicated advisor in marine insurance. The company excels in refining standard insurance offerings into specialized policies that resonate with the unique requirements of each client. With a commitment to clarity and precision, Marasco Marine Ltd adeptly simplifies the complexities of marine insurance, ensuring a straightforward and effective service for its clientele.

With a rich history that dates back to 1991, Marasco Marine Ltd has not just been a part of the maritime narrative but has been actively shaping it, fostering a Culture of Risk Prevention that is revered across the shipping community. This article marks the beginning of a series that delves deep into the ethos of Marasco Marine Ltd, unveiling how its culture of risk prevention isn’t just a strategy but a legacy that safeguards and propels maritime ventures towards success and prosperity.

A Legacy Carved Through Expertise

Marasco Marine Ltd’s journey is a testament to unwavering commitment and unparalleled expertise. With 32 years under its belt, Marasco has not just witnessed the maritime industry’s evolution but has been a proactive catalyst in driving change, particularly in the realm of risk prevention. The company’s ethos is deeply rooted in a philosophy that transcends the transactional nature of business, focusing instead on adding enduring value to its clientele and the broader shipping community.

The Advisory Vanguard: Pioneers of Maritime Safety

At the core of Marasco’s success is its specialized team of experts and the illustrious Advisory Board. This isn’t just a group of professionals; it’s a cadre of maritime maestros, each a maestro in their respective field, be it naval architecture, marine engineering, or maritime law. This collective expertise forms the backbone of Marasco’s risk prevention strategies, ensuring that every policy is not just a contract but a covenant of safety and stability.

Custom-Tailored Strategies: The Marasco Assurance

Understanding that each vessel and voyage is unique, Marasco Marine Ltd prides itself on offering tailor-made marine insurance policies i.e H&M/WAR/LOH/K&R/P&I/FDD/MII and MARINE CLAIMS HANDLING SERVICES. This bespoke approach ensures that every aspect of a client’s need is meticulously addressed, echoing Marasco’s commitment to not just meet but exceed expectations. The goal is clear – to minimize, if not eradicate, marine accidents and claims, and to strategically lower the premiums charged by Hull and P&I underwriters.

A Culture Steeped in Prevention and Protection

The risk prevention culture at Marasco Marine Ltd is not a mere

Anastasios Andreas Maraslis Founder/President of Marasco Marine Ltd

aspect of its operations; it’s the very essence of its identity. It’s a culture that’s been meticulously cultivated, deeply ingrained, and passionately upheld. This culture resonates through every advisory session, every policy drafted, and every claim handled, ensuring that risk isn’t just managed; it’s masterfully mitigated.

Marasco Marine Ltd: Your Partner in Navigating Success

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Stefanos Chartomatzidis Vice President, HEMEXPO

Collaboration for Change to Tackle Challenges and Achieve Sustainability

F

ew industries have witnessed as many changes as shipping over the last decade. In fact, almost every novel trend, paradigm, technological, environmental development or (un)expected global event has also had a significant impact on shipping.

Fortunately, there is a persistent will to adapt to change and the industry’s resilience continues to invest in innovations and initiatives that support compliance and further sustainability.

Decarbonization is not a concept or a matter for wishful thinking anymore. The IMO has set specific strategies and regulations are now in place which are continuously revised to strengthen its commitment to achieving the net zero target by around 2050.

Recent EEXI and CII regulations for example, have raised the bar on compliance to levels where vessels need specific plans for energy efficiency. Shipowners and operators will not only need to monitor CO2 emissions more effectively but also commit to consistently reducing emissions year on year. The EU Emissions Trading System (ETS) will also encourage owners to phase in lower carbon operations. As a result of the recent regulations, we are also seeing a shift in the traditional shipowner-charterer relationship, as both parties are compelled to collaborate to protect assets and their future tradability.

Alternative Fuels and Digitalization

On the other hand, despite initial high hopes, lack of clarity surrounds the alternative fuels that will best support shipping’s lower carbon future. Recently, at an event organized by isalos.net with the Eugenides Foundation and the embassies of the United Kingdom and Norway to mark 50 years since MARPOL, the following question was posed to over 250 participants: What fuel do you think shipping will use in 2050? The overwhelming majority answered ‘petroleum’.

We take this straw poll at face value, but also as a reflection of current views on the progress being made on new fuels and when they will be widely available. The Greek maritime industry is nonetheless working hard to overcome shipping’s decarbonization challenge. There are many factors that still need to be considered such as the costs of new fuels, availability and the required infrastructure, in addition to technical challenges that arise throughout the development and trialling process. However, the current lack of alternative fuels means shipowners and operators are now primarily focusing on investing in solutions that will ensure transparent ship operations.

In this respect, digitalization is now an integral part of the decarbonization process as it facilitates the fastest implementation by effectively providing the necessary tools for reducing fuel consumption and thus CO2 emissions. It is not hyperbole to claim that it is through digitalization that shipping operators are currently making their most effective strides towards greener operations.

Stefanos Chartomatzidis Vice President, HEMEXPO

For example, digital solutions such as route optimization, effective weather routing, trim optimization and others have been proven to improve fuel consumption and reduce CO2 emissions. Latest digital technologies play a key role in the comprehensive monitoring of ship operations as they allow for both the situational awareness and transparency to ensure compliance.

Artificial intelligence (AI) and Digital Twins (DT) are also increasingly becoming part of mainstream owner thinking, although investment in such technologies requires careful consideration.

Addressing Labour Shortages

At the same time, all the technological advancements mentioned above in combination with the everchanging regulatory requirements require new skills and demand for highly skilled mariners has intensified. As ships become more technologically advanced, a lack

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However, ship operators are increasingly reporting that they are struggling to recruit and retain skilled staff. If not dealt with efficiently soon, this growing condition may seriously threaten the very core of maritime operations onboard ships.

To address the labour shortages, shipowners and operators must therefore also invest in crew training to allow personnel to upskill, as well as in the solutions to attract new talent to the shipping industry. Shipping competes with other sectors, and without the appropriate investment in training and the next generation, the industry’s ability to further adapt, innovate or even maintain its high standards in safety and efficiency may be compromised.

Encouraging change

The maritime industry has continued to develop a wide range of solutions to address the challenges it faces.

HEMEXPO works very closely with shipping companies in Greece to fully comprehend the challenges they are coming up against. As the world’s largest shipping nation, HEMEXPO and its members gain direct feedback and real insights from this highly perceptive group of owners and operators which can be applied to the wider shipping industry. This has enabled HEMEXPO members to identify key emerging technologies and develop solutions that support the industry’s green transition at an early stage.

The reopening of two major shipyards in Greece – the Skaramanga and Elefsina yards – also presents new opportunities for equipment manufacturers, as well as providing shipowners with greater access to the innovative, high-quality and cost-effective solutions produced in Greece.

The response from shipping companies in the direction of decarbonisation and digitalisation has also been very encouraging and we are seeing more willingness to embrace new technologies. Many newbuild orders now include the latest technology with a view to maximizing ship performance, sustainability and future regulatory requirements. For existing fleets, many retrofit projects are underway that involve the installation of various innovative systems. Options include new monitoring and automation solutions, propeller refits, low friction coatings, air lubrication systems and the installation of sails (including rotor sails). Also, all severe energy demanding consumers onboard the ships are now redesigned to be more efficient when it comes to their needs and consumption.

New fuel developments will take several years to mature, and this makes the alternatives difficult to evaluate. It is likely that to maintain momentum toward decarbonization, we will instead see greater use of green technologies and equipment onboard in the short-medium term, and then a slow transition to a multi-fuel model that will be determined by cost, availability and vessel/fuel compatibility.

In the meantime, progressive technologies can help. A good example of a technology that can help reduce emissions while petroleum remains in use, is carbon capture and storage systems. These systems also need time to mature, but some are close to market readiness, and many shipping companies are closely monitoring this technology.

In any event, collaboration is the most crucial factor if the shipping industry is to maintain its resilience and commitment to change.

Photo: UNSPLASH

I am therefore proud of the continuous emphasis HEMEXPO places on collaboration at both an international and national level and believe it will be the key to success and to securing a sustainable future as it encourages knowledge sharing and enhances transparency across the multiple stakeholders of future shipping.

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Shipping Companies Honored For Their Participation In The Amver Program 192 Greek-Owned Shipping Companies And Their 2,057 Vessels Honored For Their Participation In The Amver Program

35% OF LIVES SAVED LAST YEAR GLOBALLY AT SEA BY AMVER-PARTICIPATING SHIPS WERE RESCUED BY GREEK SHIP CREWS’ EFFORTS

Numerous Greek shipping companies were commended for their active involvement in the AMVER program at the Greek AMVER Awards, held at the Athenaeum Intercontinental Hotel in December 15. This gathering of the Greek maritime community was graced by the presence of Greek government officials, prominent US diplomats, and key representatives from Greek shipping companies, and it was organized by the International Propeller Club of the United States, Port of Piraeus in collaboration with the U.S. Embassy in Greece and the United States Coast Guard.

The ceremony held particular significance this year as it centered on celebrating seamanship, an integral aspect of maritime heritage.

This focus underscored the exceptional commitment and expertise of Greek seafarers, acknowledging their crucial role in advancing the principles and standards of seamanship.

The 31st edition of the awards event drew over 900 distinguished guests to celebrate companies engaged in the AMVER System, an initiative facilitating mutual assistance among vessels at sea. Originating on April 15, 1958, through joint efforts of the United States Coast Guard and commercial shipping representatives, AMVER has played a vital role in saving over 7,000 lives since 2000. Many owe their survival to the altruistic endeavors of Greek seafarers and vessels associated with Greek interests. With approximately 11,000 international ships participating in AMVER and an average of 6,300 ships joining the AMVER plot daily, this system remains a crucial network. The AMVER Center processes an impressive

40,000 messages each day, emphasizing its significance in maritime safety.

The evening commenced with renditions of the national anthems of the United States and Greece by the students’ choir of the American College of Greece. Following this, attendees were treated to a highly emotional seven-minute-long video celebrating the essence of seamanship.

Costis Frangoulis, President of the International Propeller Club of the United States, Port of Piraeus and Vice President of the International Propeller Club of the United States, said: “We have gathered to pay tribute to the exceptional contributions of the 192 Greek shipping companies, the 2,057 ships, and their brave crews, who participate in the AMVER program. Their commitment to saving lives at sea demonstrates the true spirit of seamanship embraced by the Greek word Ναυτοσύνη; the sense of responsibility and duty that we carry as an inheritance. This is what we set this year as the central theme of the awards. It is the characteristic of our people that makes us proud, but also the distinctive difference that makes Greek shipping stand out. And this year, Greek shipping stars in the AMVER program, with an impressive fleet of 2,057 ships.

“Our commitment is not only due to the fact that we are the leading shipping power in the world, but mainly to the psyche of our people. It is the feeling of responsibility, contribution and solidarity that

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possesses the Greeks. It is these personality and character traits that bring us to the first place.”

The event continued with the Greek Minister of Maritime Affairs and Insular Policy, Christos Stylianides who said: “The AMVER Awards night has established itself as the most important recognition institution for members of the Greek maritime community in the field of Automated Mutual Aid for Ship Rescue. The dedication of Greek shipping to safety at sea is also confirmed by tonight’s ceremony, during which we honor Greek shipping companies for their unwavering participation in the AMVER initiative.

“Everyone recognizes the leadership position of both American and Greek shipping worldwide. Greece and the USA have traditionally maintained excellent relations in the shipping sector as well. Today, Greek shipowners own 21% of the world’s tonnage and 59% of the European Union’s tonnage. In this context, Greece is a strategic partner of the USA, both on a political and economic level, since a large part of the activity of the Greek-owned fleet serves the trade of the USA.” He added: “At the same time, the Greek flag enjoys worldwide recognition for its quality characteristics.”

US Ambassador to Greece George James Tsunis said: “To me Naftosyni is the pride of this country. This is what the world appreciates about the Greeks; they act with purpose, they act with values, they are dependable, and here you are where people going out in the most inclement weather conditions and dangerous situations to save people’s lives. This is Greek philotimo; it is the national ethos of Greece.”

The evening continued with the Fidelity Awards, which were presented to the top three leading shipping companies with the highest number of ship participation in the AMVER System during the decade 2014-2023. They were: ANGELICOUSSIS GROUP OF COMPANIES with 968 participating ships, TSAKOS GROUP OF COMPANIES with 611 ships and THENAMARIS (SHIPS MANAGEMENT) INC. with 604 ships.

Awards were presented on stage to the top ten shipping companies with more than 50 ships participating in the program during the preceding year.

They were: 1 Angelicoussis Group of Companies – 108 ships 1 TMS Group of Companies – 108 ships 2 Technomar Shipping Inc. – 81 ships 3 Tsakos Group of Companies – 72 ships 4 Laskaridis Shipping Company Limited – 69 ships 5 Thenamaris (Ships Management) Inc. – 66 ships 6 Capital Ship Management Corporation – 64 ships 7 V. Ships Greece Limited – 63 ships 8 Star Bulk – 62 ships

9 Danaos Shipping Company Limited – 61 ships 10 Minerva Marine Inc. – 53 ships The remaining 182 shipping companies of Greek interests participating in the program were given awards and certificates before the event.

Rear Admiral Nathan A. Moore, Deputy Commander, Atlantic Area US Coast Guard, was invited on stage, immediately after the first awards, to receive an Honorary Membership plaque and to address the audience: “In 2022, more than 6,000 vessels participated in the AMVER Program worldwide. These vessels responded to 212 distress cases, saving or assisting 450 mariners. What is truly staggering is that 160 – or 35% - of these lives were saved by Greek ships. Greeks are leading the way.”

The event continued with the award-giving ceremony of the Special Rescue Awards 2023 to the following companies and their respective vessels: Almi Tankers (MV ALMI HORIZON), Century (MV SERENE AMELIA and MV MARIPERLA), Chartworld (MV ARIANA), Diana Shipping Services S.A. (MV AMPHITRITE), Dorian LPG (MV CHEYENNE and MV COMET), Dynagas (MV CLEAN COPANO) Enterprises (MV FURIOUS and MAGIC STRIKER), Euronav (MV CAP VICTOR), Falcon (MV FALCON IRIS), Laskaridis Shipping Co. Ltd (MV LEONIDAS), M/Maritime (MV ELECTRA.GR), Minerva Marine (MV Minerva), Karteria Polembros Shipping Limited (MV GREEN WARRIOR), Technomar Shipping (MV GSL NICOLETTA) TMS Cardiff Gas Limited (MV LA SEINE), Star Bulk (MV HONEY BADGER, MV IDEE FIXE, MV STAR), Challenger (MV STAR CLAUDINE ) and World Management Inc. (MV STAR THENIA).

The event was honored by the presence of Deputy Minister of Maritime Affairs and Insular Policy, Mr. Ioannis Pappas, Deputy Minister of Labour and Social Security, Mr. Vasileios-Petros Spanakis, Ambassador of the Republic of Cyprus in Athens, Mr. Stavros Avgoustides, Chief of Coastal Guard, Vice Admiral Georgios Alexandrakis, Fleet Commander of Hellenic Navy, Vice Admiral Dimitrios-Eleftherios Kataras, First Chief of Coastal Guard, Vice Admiral Alexandros Tselikis, Second Vice-Chief of Coastal Guard, Vice Admiral Aristeidis Pantazoglou, President of the Union of Greek Shipowners, Melina Travlos and President of the Hellenic Chamber of Shipping, Dr. George Pateras.

Throughout the evening guests had the opportunity to sample performances of new age clarinet master Thanasis Vassilopoulos and his band, who put together a captivating performance blending traditional sounds with modern musical notes to the delight of the audience.

Earlier in the day, Rear Admiral Moore was the keynote speaker during a luncheon hosted by the International Propeller Club of the United States, Port of Piraeus at the Piraeus Marine Club, representing the US Coast Guard in an engaging discussion of networking, sharing ideas and experiences with Greek shipping executives.

The AMVER Awards 2023 event was held with the support of the Ministry of Maritime Affairs and Insular Policy, the Union of Greek Shipowners and the Hellenic Chamber of Shipping.

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Lloyd’s List Greek Shipping Awards 2023 George Procopiou, Nicholas Moundreas, Kriton Lentoudis, Diana Shipping and Tsakos Energy Navigation among the winners at 20th Greek Shipping Awards

Lloyd’s List presents special awards to the Greek LNG shipping sector for two decades of growth and to Evangelos Marinakis for ‘Deal of the Decade’ Many of the biggest names in the Greek shipping industry, but also dynamic and important service providers, were recognised with prestigious awards on Friday, December 1 as the 2023 Lloyd’s List Greek Shipping Awards were presented in front of an industry audience of about 1,100 guests.

The event marked the 20th Anniversary of the Greek Shipping Awards and was full of reminders of the history of the shipping world’s biggest awards event, Physical signage as well as impressive digital graphics throughout the event paid tribute to more than 300 individuals, companies and organisations that have been honoured with the iconic white and blue marble trophy over the past two decades.

A special 20 Years Achievement Award recognised the extraordinary energe and growth of the Greek LNG shipping sector as a world leader over the same time span as the Greek Shipping Awards. Seven major LNG leaders and first-movers in the sector, representing 185 LNG carriers – more than 90% of the Greek-controlled fleet, were awarded on the night.

The other special Award of the night saw Evangelos M. Marinakis and Capital Product Partners (CPLP) named as the winners of the Deal of the Decade Award for their 2008 deal to spin off CPLP’s tanker fleet in a $1.65 billion merger with Diamond S Shipping.

Shipowner George Procopiou was named Greek Shipping Personality of the Year for a historic second time, while International Chamber of Shipping president Emanuele Grimaldi was unveiled as the International Personality of the Year for an unprecedented second time.

Other major individual awards included the Lloyd’s List / Propeller Club Lifetime Achievement Award that went to shipowner Nicholas G. Moundreas, chairman of NGM Energy. Newsmaker of the Year was Kriton Lentoudis, of Evalend Shipping, for another extraordinarily active year in contracting of newbuildings.

The Next Generation Shipping Award, for industry personalities of no more than 40 years of age, went to Petros Panagiotidis, of Castor Maritime and Toro Corp.

Captain Kyriakos Mouzakis, master of Zante Ferries’ ro-ro passenger ferry Adamantios Korais, was honoured as Seafarer of the Year for his outstanding conduct in August 2023 when the Alexandroupolis Hospital was evacuated and his vessel took patients to

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Kavalla, acting as an operational hospital ship.

In a welcome address, Deputy Minister of Shipping & Island Policy Ioannis Pappas, representing Prime Minister Kyriakos Mitsotakis, offered his congratulations to the nominees as well as the winners of the 2023 Awards.

Neptune Maritime Leasing was the overall lead sponsor of the Greek Shipping Awards for the first time.

Guests enjoyed a pre-dinner drinks reception hosted by Erma First 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 legendary windsurfer Nikos Kaklamanakis, an Olympic gold and silver medalist who was the recipient of a special ‘Man of the Sea’ Award at the inaugural 2004 Greek Shipping Awards, formally presented the donation to Argo on behalf of the event organisers.

Mr Kaklamanakis also autographed copies of the ‘20 Years Lloyd’s List Greek Shipping Awards’ commemorative book published to coincide with the anniversary. Ten of the special copies, also signed

by Greek singing star Fotini Darra, and by the event co-hosts ERT broadcaster Andriana Paraskevopoulou and Lloyd’s List’s Nigel Lowry, were auctioned during the event and raised an additional amount for Argo. All guests at the event received their own copy of the book.

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.

Diana Shipping was named Dry Cargo Company of the Year while Tsakos Energy Navigation won the Tanker Company of the Year Award. In a rare victory for the cruise sector over Greek ferry lines, Celestyal Cruises won the Passenger Line of the Year Award.

Erma First won its second Technical Achievement Award, for its new high-rated compact Carbon Capture and Storage system (CCS). Star Bulk Carriers won the coveted Sustainability Award and Black Rope took the Safety Award.

Cass Technava Maritime won the Shipbroker of the Year Award – for an unprecedented third time. The Greek Shipping Financier of the Year Award went to Alpha Bank.

V.Ships Greece was recipient this year’s Piraeus International Centre Award. Helmepa Academy was named winner of the 2023 Award for Achievement in Education or Training.

The highly competitive Ship of the Year Award went to “Antonis I. Angelicoussis”, the newly-built LNG dual-fuel VLCC of Maran Tankers.

The Lloyd’s List Intelligence Big Data Award was presented to Procureship.

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 was recognised in the form of honorary statuettes being presented to a trio of sponsors supporting the event for 10 years: Bureau Veritas, Marichem Marigases and the Tsakos Group. Lloyd’s Register received an unprecedented 20 Years of Sponsorship Award for sponsoring the environmental protection / sustainability award since its inception in 2004.

WINNERS AT-A-GLANCE Dry Cargo Company of the Year – Sponsored by Marichem Marigases - Diana Shipping Tanker Company of the Year – Sponsored by Bureau Veritas Tsakos Energy Navigation Passenger Line of the Year – Sponsored by SWS Celestyal Cruises Shipbroker of the Year – Sponsored by The Tsakos Group Cass Technava Maritime Shipping Financier of the Year – Sponsored by Tototheo Maritime Alpha Bank Technical Achievement Award – Sponsored by DNV Erma First The Safety Award – Sponsored by Seajets Black Rope Achievement in Education or Training – Sponsored by Shipping Deputy Ministry, Cyprus Helmepa Academy Piraeus International Centre Award – Sponsored by ClassNK V.Ships Greece The Lloyd’s List Intelligence Big Data Award – Sponsored by Panama Maritime Authority Procureship International Personality of the Year – Sponsored by Capital Ship Management Emanuele Grimaldi Seafarer of the Year – Sponsored by Safe Bulkers, Inc. Capt. Kyriakos Mouzakis Ship of the Year – Sponsored by ABS “Antonis I. Angelicoussis” The Sustainability Award – Sponsored by Lloyd’s Register Star Bulk Carriers Deal of the Decade (2014-2023) – Sponsored by Timagenis Law Firm Evangelos M. Marinakis and Capital Product Partners Next Generation Shipping Award – Sponsored by IRI / The Marshall Islands Registry Petros Panagiotidis Lloyd’s List/Propeller Club Lifetime Achievement Award – Sponsored by Franman Nicholas G. Moundreas Greek Shipping Newsmaker of the Year – Sponsored by ExxonMobil Marine Kriton Lentoudis Greek Shipping Personality of the Year – Sponsored by Eurobank George Procopiou 20 Year Achievement Award (2004-2023) – Sponsored by LPC SA The Greek LNG shipping sector

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Greener Shipping Summit | Collaboration is key to safe decarbonisation

Though education in the latest technology is a must, “education should not underestimate and cannot replace the importance of traditional values and principles” declared Panos Kourkountis, the keynote speaker at this week’s Greener Shipping Summit.

Indeed, this was a clear message to come out of the event as panelists and delegates discussed, indeed debated, the summit’s theme ‘New Technologies and Education’. Another clear message to also echo Kourkountis, was that the industry’s traditional education system “should become most flexible and modernised”.

New technologies and education were the focuses of the day-long summit held, March 16, at the Eugenides Foundation, Athens, organised by Newsfront / Naftiliaki under the auspices of Greece’s powerful technical body Martecma (Marine Technical Managers Association).

Kourkountis, chairman of Martecma, noted technology has affected shipping in a positive manner. Its application to design, construction and operation has resulted in “better and safer ships than in the past”. Indeed, technological developments are happening so fast, said Kourkountis “what is considered as advanced technology today, by the time of its application it is already outdated.”

“The fast pace of changes due to technology also brings serious

risk,” he said. “There is no period for the building of experience.

Education is the only means to understand, evaluate, build and safely operate the new systems.”

He said being “a very regulated industry is striving to keep up with technical developments”. He said that for two decades control systems on board have been using software and only now are discussions taking place to develop regulations on the maintenance of that software.

“Today when we talk about technology in shipping we are not referring to just computers, internet, software, big data analysis, machine learning and artificial intelligence. It is not even about stronger and faster ships. We are looking at the technology which will lead to decarbonsiation. It is all about the environment and this is a very complicated matter,” said Kourkountis.

Then we are getting double messages from countries on the way to decarbonise with many of the regulations having nothing to do with the environment but only geopolitics.

Then when it comes to new fuels – hydrogen, methanol, ammonia, biofuels, batteries and electric power – the industry has very little knowledge and to go forward “we need the proper education”.

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He noted ships face difficult and unpredicted situations where the human factor and traditional seamanship comes into play.

“Whether the future ships will be fueled by hydrogen or methanol a blackout is enough to strip the ship of a sophisticated high-tech system leaving it with the people who have the capabilities and right virtues,” said the Martecma chairman.

When it came to discussing the management and understanding of new equipment to be used on the next generation of ships, several panelists were quick to say there is a need to “teach the teachers”.

Indeed, the first panelist, Dimitris Fokas, training manager of the Angelicoussis Shipping Group, declared “teachers have to change the way they teach”, a view shared by Ioannis Golias, md of the Eugenides Foundation, who also warned maritime educators need to prepare for what is coming as staff do not have to only know what to do but how to do it.

Fokas also said it is vital the correct balance be found of what is available and what is not, while Venetia Kallipolitou, of the Tsakos Group, said the interface between the office and the vessel must be robust and shipping companies must cooperate with educational institutes.

There was considerable discussion throughout the day on ‘soft skills’ and ‘hard skills’. Stavros Hatzigrigoris, a former Martecma chairman, argued that soft skills will be downgraded in the medium term as people with hard skills are required to deal with today’s needs and the training of people with hard skills should be the priority. RINA’s training manager, Katerina Palla disagreed saying there is a need for soft skills when it comes to handling innovation.

Summit chairman, George Tsavliris contended “re-skilling and up-skilling” is what is required.

When it comes to new equipment and green shipping and AI, Panos Zachariadis, technical director of Atlantic Bulk Carriers, said Greek shipping is now being left behind. ABS’ business development manager, Maria Kyratsoudi, said AI is here but “we are missing the back-up systems”, while Zachariadis said AI “needs controls otherwise it will takeover”. Applied Research International’s Gaurav Bajaj said when it comes to AI we have to go stepby-step and focus on what is required. John Kokarakis, of Bureau Veritas, stressed digitalisation is related to AI because of the data it provides.

Rizos Krikkis, gm Oceanking Engineering, said current trends pose three questions: What green technologies seem attractive for shipping; What will be the role of the after-sales and training for their adaption; and What are the major concerns for their sustainability.

Discussing the steps that have been taken by Greek marine academies and universities to cope with the challenges posed by new technologies it quickly became clear no one is against decarbonisation as a route to a greener environment, but dealing with what’s available and how to make it work is dependent on collaboration.

Nikolaos Fragiadakis, director of marine engineering at the Merchant Marine Academy of Aspropyrgos, said the pandemic saw the introduction of teaching new tools which are not methods but now

he uses his computer and cell-phone and not chalk and blackboard. Further, academies have to produce decision-makers with a technical skill and for maritime academies this is the difficult thing.

He said Greek academies have upgraded their labs, like the electrical lab as electricity is the future for ships, and not waited for a STCW [international Convention on Standards of Training Certification and Watchkeeping for Seafarers] upgrade. Training the trainers through seminars with equipment makers are now a feature while there is a need for experience like ship masters to take a role in educating students.

A student of the Aspropyrgos academy, Nikolaos Karagiannis, said students today are searching for the new technologies which are a combination of classical advanced engineering and computerisation.

National Technical University of Athens associate professor of maritime transport, Nikolaos Ventikos, told the summit that updating the curriculum is critical and the NTUA is trying to do it continually to meet the needs of today. He gave the example of a newly elected member to the staff who is a specialist in sustainability and new vessel design how the university is striving to make use of findings in international projects.

However, NTUA PhD candidate, research engineer, Konstantinos Louzis, felt the curricula of universities have “fallen a little behind because of the fast pace of change”, and this has presented challenges.

University of Piraeus’ Thanos Pallis noted the growth of e-learning means many students are part-time. He also stressed there is a need to teach students how to manage data. He also referred to the fact most students have a relative or a friend at sea and this has influenced the choice of a career. “The career at sea is not promoted,” said Pallis who also noted many qualified Greeks work abroad.

Hellenic Institute of Marine Technology president, Nikolaos Liapis, said new technologies do exist but are not being applied to the shipping industry. He said Greek technology companies do exist and they can work with universities, but they need funding and support. He believes Greece could become one of the leading technology producers in the maritime sector in the world but it needs academia and the industry to come to together.

Captain Michael Malliaros, gm, Euronav Ship Management (Hellas), said the industry is facing huge challenges and there is a great need for collaboration. “Actions from individual companies will not have the impact we want to produce the people with the skills needed to run vessels in the future,” he said. He said the willingness of individual companies to educate or train the people is not enough, all the stakeholders need to collaborate.As Summit chairman, George Tsaviiris, summed up: “Shipping isone of the few industries where you have to be passionate, willing, daring and a romantic.

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market news

NAFS | DECEMBER 2023 - JANUARY 2024

Βασίλης Κορκίδης: «Ανοίγει νέα σελίδα στη ναυπηγική βιομηχανία της χώρας -ευοίωνες οι προοπτικές ανάπτυξης» Στην εναρκτήρια εκδήλωση του 1ου Συνεδρίου της Ένωσης Ελληνικών Ναυπηγείων, ο Πρόεδρος του Εμπορικού & Βιομηχανικού Επιμελητηρίου Πειραιώς, Βασίλης Κορκίδης, απευθύνοντας χαιρετισμό, επεσήμανε τις δυνατότητες ανάπτυξης της ναυπηγικής βιομηχανίας, αλλά και τον θετικό αντίκτυπο αυτής στην οικονομία της χώρας. Αναλυτικότερα… «Θέλω να πιστεύω ότι στην Ελλάδα ετοιμαζόμαστε να βιώσουμε μία ευχάριστη περίοδο που βρίσκεται ενώπιόν μας. Δεν θα κρύψω την χαρά μου για το γεγονός ότι, με την σημερινή εκδήλωση, σηματοδοτείται η αρχή αυτής της περιόδου. Ο ναυπηγοεπισκευαστικός τομέας της χώρας, ευτυχώς, αφυπνίστηκε, μετά από μετά από έναν κύκλο 25 ετών συνεχούς απώλειας της ανταγωνιστικότητάς του, μέχρι την ολική παρακμή που τον έριξε σε «κωματώδη» κατάσταση. Σήμερα, το στοίχημα είναι ο τομέας να περάσει δυναμικά στην ενεργό δράση. Με την επιτυχημένη επανεκκίνηση του Νεωρίου και της Ελευσίνας αλλά, προσεχώς, και του Σκαραμαγκά, η Ελλάδα, μπορεί να επανατοποθετηθεί ανταγωνιστικά στη διεθνή αγορά μέσω των ναυπηγείων της, μέσα από ένα μοντέλο λειτουργίας, και υπό μια σειρά προϋποθέσεων που συνιστούν επί της ουσίας ένα νέο στοίχημα που πρέπει να κερδηθεί. Δράττομαι της ευκαιρίας, από τον τίτλο του Συνεδρίου «Ξυπνώντας τον Κοιμώμενο Γίγαντα», να επισημάνω ότι το βασικό στοίχημα, για την επίτευξη του οποίου απαιτείται η αρωγή της πολιτείας, είναι να απαλλάξουμε τον άρτι αφυπνισθέντα Γίγαντα από τον «πονοκέφαλο» του ξυπνήματος που μπορεί να προκληθεί από στρεβλώσεις και άστοχες πολιτικές του παρελθόντος, τα αποτελέσματα των οποίων «πλήρωσε» η ελληνική οικονομία, «βίωσαν» οι επιχειρήσεις της ναυπηγοεπισκευής και δημιουργήθηκε ο κίνδυνος απώλειας μίας τεχνογνωσίας με ιστορία στην διαδρομή των αιώνων. Ουσιαστικά, η πρόκληση, στην παρούσα φάση, είναι η από το μηδέν, θα τολμούσα να πω, σχηματοποίηση ενός θεσμικού πλαισίου, από τα συναρμόδια υπουργεία Ανάπτυξης, Οικονομικών, Εργασίας, Ναυτιλίας και Άμυνας, οι σημερινές ηγεσίες των οποίων ήδη έχουν δώσει τα πρώτα δείγματα γραφής. Μιας και μιλάμε, μάλιστα, για βαπόρια, «έχουν δώσει το στίγμα τους» ώστε τα ναυπηγεία να γίνουν στην πράξη η βιομηχανική υποδομή της ναυτιλίας της χώρας, οι αρετές της οποίας, με το επιχειρηματικό μοντέλο, την τεχνογνωσία και την αξιοποίηση του έμψυχου δυναμικού, την έχουν καταστήσει ηγέτιδα δύναμη στο παγκόσμιο ναυτιλιακό στερέωμα. Στην Ελλάδα, ο Γουλανδρής, ο Νιάρχος και ο Ανδρεάδης έκτιζαν καράβια. Δεν πρέπει να το ξεχάσουμε, αλλά να ελπίσουμε ότι ο πρόεδρος και διευθύνων σύμβουλος του ομίλου ONEX, Πάνος Ξενοκώστας και ο εφοπλιστής Γιώργος Προκοπίου θα συνεχίσουν το «όραμα» αυτών των ιστορικών μορφών της ναυτιλίας της χώρας που, με τους συναδέλφους τους, την εδραίωσαν ως ηγέτιδα δύναμη στο παγκόσμιο ναυτιλιακό στερέωμα. Στο παγκόσμιο, δια θαλάσσης, εμπόριο. Και, ίσως, δεν είναι η ώρα να αναλωθούμε στην προσπάθεια να απεικονίσουμε τώρα τα οικονομικά στοιχεία από την μελλοντική δράση των ναυπηγικών μονάδων στην οικονομία. Άλλωστε, ενδεικτικά, έχει εκτιμηθεί ότι η συνολική επίδραση στην ελληνική οικονομία από την επαναλειτουργία μόνο των Ναυπηγείων Ελευσίνας αναμένεται να φτάσει στο 1% του ΑΕΠ. Πρέπει να σταθούμε στις επενδύσεις στον τομέα. Το Εμπορικό και Βιομηχανικό Επιμελητήριο Πειραιώς αισθάνεται δικαιωμένο

καθώς μιλούσε, κατά την περίοδο που κατέβαλε την προσπάθεια αφύπνισης του ναυπηγικού τομέα, για προσέλκυση επενδύσεων από το εσωτερικό και το εξωτερικό. Και δικαιώθηκε όταν υπογράφηκε η συμφωνία χρηματοδότησης ανάμεσα στον αμερικανικό αναπτυξιακό οργανισμό DFC και τον όμιλο της ΟΝΕΧ για την παροχή 125 εκατ. δολ. στα Ναυπηγεία Ελευσίνας, μέσω ομολογιακού δανείου αλλά και με την ανακοινωθείσα συνεργασία της ONEX Shipyards με τον Ιταλικό ναυπηγικό όμιλο Fincantieri, η οποία, μεταξύ των άλλων, περιλαμβάνει μια νέα γραμμή παραγωγής πλοίων υπό την σκέπη της αμυντικής ναυπηγικής εταιρείας του Ομίλου, την ONEX Elefsis Naval & Maritime. Το Εμπορικό και Βιομηχανικό Επιμελητήριο Πειραιώς, επίσης, χαιρετίζει την συμφωνία που υπεγράφη από τον πρόεδρο και CEO της ΟΝΕΧ, Πάνο Ξενοκώστα, και τον πρόεδρο της Attica Group, Κυριάκο Μάγειρα, την Παρασκευή 15 Δεκεμβρίου 2023 στο υπουργείο Ανάπτυξης, ύψους 1 δισ. ευρώ, μεταξύ της Attica Group και της ONEX, με επίκεντρο την ανανέωση του στόλου της στα ναυπηγεία Ελευσίνας και Σύρου. Αυτές ήταν και οι πρώτες «χειροπιαστές» επενδυτικές συμφωνίες, που όλοι ευχόμαστε να ακολουθήσουν και άλλες. Γιατί, οι επενδύσεις θα ανοίξουν τους κύκλους εργασιών, θα ανοίξουν νέες θέσεις εργασίας, θα ανοίξουν τις πόρτες σε εκατοντάδες ελληνικές επιχειρήσεις που παράγουν υλικά κάθε τύπου για πλοία και προσφέρουν συναφείς υπηρεσίες. Ανταγωνιστικότητα και εξωστρέφεια. Επίσης, δύο «πτυχές» της ατζέντας που προωθεί το Ε.Β.Ε.Π. για τον ναυπηγοεπισκευαστικό κλάδο αλλά και για το σύνολο των δραστηριοτήτων ναυτιλιακών επιχειρήσεων που βρίσκονται υπό την «ομπρέλα του». Σε αυτήν ακριβώς την κρίσιμη χρονική συγκυρία, όπου οι ασιατικές μονάδες δεν διαθέτουν δυναμικό εξαιτίας του όγκου των παραγγελιών για νεότευκτες μονάδες, η επανεμφάνιση, στη «διεθνή σκακιέρα», των ελληνικών ναυπηγικών μονάδων πρέπει να είναι μια «κίνηση ματ». Για το σύνολο των επιχειρήσεων αυτού του cluster της ΕΕΝ που θα μπορέσει, όπως χαρακτηριστικά έχω πει, και όλοι καταλαβαίνουμε τη σημασία, να κάνει «εξαγωγές στην αυλή μας». Ήδη, σε πρόσφατη συνάντηση της CLIA, του φορέα που καλύπτει τις επιχειρήσεις του τομέα της κρουαζιέρας, με το Ε.Β.Ε.Π, διαπιστώθηκε ενδιαφέρον για εργασίες dry dock, αλλά και για επισκευές κρουαζιερόπλοιων που έχουν ελληνικά λιμάνια home port, και όχι μόνο. Και αυτή είναι μία θετική ένδειξη. Έχουμε ακόμη έξι χρόνια μέχρι το 2030, που η ακτοπλοΐα μας μπαίνει στην υποχρέωση του EU ETS να τρέξουμε φιλόδοξους σχεδιασμούς για την κατασκευή νεότευκτων μονάδων στις ελληνικές γυάρδες, αλλά και για τις μετασκευές που θα χρειαστούν ώστε να πληρούν τις πλέον σύγχρονες προδιαγραφές. «Η θάλασσα θα φέρει νέα ελπίδα σε όλους τους ανθρώπους, όπως ο ύπνος φέρνει τα όνειρα», κατά τον Χριστόφορο Κολόμβο. Και σε αυτή τη χώρα, η θάλασσα φέρνει την ελπίδα και γεννά όνειρα. Στα ναυπηγεία δημιουργούνται τα «μέσα» που φέρνουν αυτή την νέα ελπίδα. Εκεί γεννιούνται τα πλοία, εκεί συντηρούνται και εκεί πεθαίνουν. Τα ναυπηγεία είναι η αρχή και το τέλος κάθε ονείρου στη ναυτιλιακή ζωή». Όλοι εμείς που πιστεύουμε στον πλούτο της θάλασσας, έχουμε όνειρο, έχουμε δυναμική και ατενίζουμε το ναυπηγικό μέλλον με αισιοδοξία.»

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market news

NAFS | DECEMBER 2023 - JANUARY 2024

KPMG: Σχηματίζουμε ένα αειφόρο μέλλον, δρώντας υπεύθυνα και αλλάζοντας συνήθειες Στην KPMG ενεργούμε υπεύθυνα. Επενδύουμε στον άνθρωπο, στην κοινωνία και στο περιβάλλον για να εξασφαλίσουμε ένα πιο βιώσιμο μέλλον. Οι αξίες της εταιρείας μας, «ακεραιότητα», «αριστεία», «θάρρος», «μαζί» και «για το καλύτερο», μετουσιώνονται σε κάθε πτυχή της καθημερινότητας, των ενεργειών και των συνεργασιών μας. Με οδηγό τους 17 στόχους Βιώσιμης Ανάπτυξης των Ηνωμένων Εθνών, διαμορφώνουμε δράσεις Κοινωνικής Υπευθυνότητας βασιζόμενες σε τέσσερις πυλώνες: Άνθρωποι, Δια βίου μάθηση, Κοινωνία και Περιβάλλον.

Περισσότερα από 50 στελέχη της KPMG βρέθηκαν στην παραλία Άγιος Δημήτριος στον Σαρωνικό για την δράση ομαδικού εθελοντικού καθαρισμού παραλίας με την HELMEPA

Περιβάλλον Ύστερα από 50 χρόνια δραστηριοποίησης στην Ελλάδα, η προσήλωση της KPMG, στην υιοθέτηση βιώσιμων και ηθικών πρακτικών ενίσχυσαν την επένδυση μας στο περιβάλλον μέσω της στοχοθέτησης της μείωσης του οικολογικού μας αποτυπώματος, έχοντας επιτύχει μηδενικό ισοζύγιο άνθρακα έως το 2030. Έχουμε καταφέρει να ενσωματώσουμε πρακτικές αειφόρου ανάπτυξης στους εσωτερικούς μηχανισμούς της εταιρείας με χαρακτηριστικότερο παράδειγμα το νέο κτήριο εγκατάστασης των γραφείων, το οποίο διαθέτει πιστοποίηση LEED Gold και βρίσκεται κοντά σε μέσα μαζικής μεταφοράς. Μέσω της αλλαγής αυτής προβλέπεται η ενίσχυση της μείωσης των εκπομπών CO2. Επιπλέον, τα νέα γραφεία θα παρέχουν υποδομές για ποδήλατα και ηλεκτρικά αυτοκίνητα. Με σύμμαχο την ενημέρωση και την ευαισθητοποίηση των ανθρώπων της εταιρείας μας, τους υπενθυμίζουμε καθημερινά την ευθύνη που έχουν ως πολίτες προκειμένου να κινητοποιηθούν προς την υιοθέτηση βιώσιμων πρακτικών για το περιβάλλον. Αναζητήσαμε τρόπους μείωσης της κατανάλωσης νερού και της χρήσης χαρτιού, και ενισχύσαμε την χρήση ψηφιακών εργαλείων. Οι ποσότητες κατανάλωσης χαρτιού, μειώθηκαν κατά περίπου 60% από το 2019, ενώ παράλληλα η ανακύκλωση υλικών ενισχύθηκε μέσω ειδικών κάδων ανακύκλωσης στους χώρους της KPMG. Η εταιρική μας υπευθυνότητα και ακεραιότητα για ένα «πράσινο μέλλον» αποδεικνύεται από το 2021, μέσω της απόφασης της εταιρείας μας στην κατάργηση της χρήσης προϊόντων από πλαστικό μίας χρήσης στα γραφεία μας.

Περισσότερα από 40 στελέχη της KPMG συμμετείχαν στην δράση Cook for Good (Μαγειρεύουμε για καλό σκοπό)

Η δέσμευση μας στην υλοποίηση του στόχου 15 «Ζωή στη Στεριά» του Ο.Η.Ε., σχετικά με την προστασία του περιβάλλοντος και την ανάκαμψη της περιβαλλοντολογικής καταστροφής επικαιροποιείται μέσω της χρηματοδοτικής υποστήριξης της KPMG στην μη κερδοσκοπική οργάνωση WE4ALL. Κάθε χρονιά οι εργαζόμενοι της εταιρείας μας ανταποκρίνονται στην ευθύνη τους να διασφαλίσουν ένα βιώσιμο μέλλον για τον πλανήτη μας μέσω της έμπρακτης συμμετοχής τους σε ενέργειες δεντροφύτευσης σε περιοχές της Ελλάδας, έχοντας καταφέρει μέχρι σήμερα να δημιουργήσουν νέους πνεύμονες πρασίνου που ξεπερνούν τα 2.000 δέντρα. Η ενεργή παρουσία της KPMG στην παγκόσμια προσπάθεια για την αειφόρο ανάπτυξη έχει ενισχυθεί τα τελευταία πέντε χρόνια μέσω της συμμετοχής μας στην Παγκόσμια Πρωτοβουλία Εθελοντικού Καθαρισμού των Ακτών που συντονίζει η HELMEPA για 33η χρονιά στην Ελλάδα , συμβάλλοντας με αυτόν τον τρόπο στην εκπλήρωση του 14ου στόχου Βιώσιμης Ανάπτυξης, «Ζωή στο Νερό», του Ο.Η.Ε. και στην αντιμετώπιση του προβλήματος της ρύπανσης στις ακτές. Από φέτος, η KPMG μεγιστοποιεί το αντίκτυπό της στο θαλάσσιο περιβάλλον μέσω της 3ετούς δέσμευσής της να συμμετέχει στο πρόγραμμα “Marine Cleanup Monitoring” της HELMEPA για την παρακολούθηση και καταγραφή θαλάσσιων απορριμμάτων και την επιστημονική μελέτη του προβλήματος. Οι άνθρωποι της KPMG στην πιο πρόσφατη εξόρμηση καθαρισμού παραλίας κατόρθωσαν να συγκεντρώσουν 60 κιλά απορριμμάτων και 30 κιλά ανακυκλώσιμων υλικών. Παράλληλα, η KPMG έχει καταφέρει μέσω των δράσεων της να ενισχύει τον 5ο στόχο «Ισότητα των Φύλων», του Ο.Η.Ε., προσφέροντας οικονομική, και όχι μόνο, υποστήριξη

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112

market news

NAFS | DECEMBER 2023 - JANUARY 2024

σε μια ελληνική αποστολή του οργανισμού AWomanCanBe. org, ο οποίος συνδυάζει την γυναικεία ενδυνάμωση με την περιβαλλοντική συνείδηση. Η KPMG στην Ελλάδα, μέσω της παραπάνω υποστήριξης που παρέχει, συμβάλλει στην ενίσχυση της έρευνας σχετικά με την επίδραση της κλιματικής αλλαγής στις γυναίκες παγκοσμίως.

Δια βίου μάθηση Για άλλη μια χρονιά η KPMG στην Ελλάδα τηρεί την δέσμευσή της στην προώθηση του 4ου στόχου Βιώσιμης Ανάπτυξης «Ποιοτική Εκπαίδευση» του Ο.Η.Ε. και βρίσκεται δίπλα σε κάθε μαθητή και μαθήτρια που επιθυμεί να εμπνευστεί και να αποκτήσει νέες γνώσεις. Η νέα σχολική χρονιά φέρνει μια νέα συνεργασία μεταξύ της KPMG και του μη κερδοσκοπικού οργανισμού The Tipping Point (TTP), συμβάλλοντας ουσιαστικά και ενεργά μέσω της μεθόδου mentoring στην προετοιμασία των νέων για την αγορά εργασίας του αύριο. Εργαζόμενοι της εταιρείας KPMG από διάφορες βαθμίδες και θέσεις, σε ρόλο μέντορα, και με κίνητρο την εξέλιξη και την δια βίου μάθηση, μοιράζονται πολυεπίπεδες γνώσεις και εμπειρίες από τον κλάδο τους και ασκούν μια θετική επιρροή στις ακαδημαϊκές επιλογές και στη μελλοντική επαγγελματική πορεία των μαθητών και μαθητριών, πολίτες του μέλλοντος. Συνεχίζοντας την παράδοση ετών με τη δράση Εταιρικής Κοινωνικής Ευθύνης «Back to School», οι άνθρωποι της KPMG στην Ελλάδα μένουν πιστοί στην δέσμευση τους για την στήριξη των ευπαθών ομάδων και για 8η συνεχή χρονιά προσφέραμεστα γενναία παιδιά της ΕΛΕΠΑΠ, σχολικά είδη, εκπαιδευτικά παιχνίδια και υλικά χειροτεχνίας, εφόδια απαραίτητα για μία νέα δημιουργική σχολική χρονιά. Η συμβολή μας στην εκπαίδευση δεν σταματά εδώ, καθώς η KPMG στην Ελλάδα, κινούμενη στην ίδια τροχιά ενίσχυσης του 4ου στόχου «Ποιοτική Εκπαίδευση» του Ο.Η.Ε., επενδύει στον ψηφιακό γραμματισμό για 4η χρονιά. Η πρωτοβουλία της δράσης “Global Cyber Day”, την οποία έχουν αναλάβει επαγγελματίες της κυβερνοασφάλειας της KPMG, στοχεύει στην εκπαίδευση των νέων ανθρώπων, σχετικά με την σπουδαιότητα της κυβερνοασφάλειας και τους κινδύνους του διαδικτύου, ως μέρος της δέσμευσης του παγκόσμιου οργανισμού να ενισχύει τις κοινότητες στις οποίες δραστηριοποιούνται οι εταιρείες μέλη της KPMG. Το διάστημα του Ευρωπαϊκού Μήνα Κυβερνοασφάλειας για το 2023 καταφέραμε μέσω του προγράμματος “KPMG Global Cyber Day” να δώσουμε εφόδια σε περισσότερους από 1.300 νέους ανθρώπους ώστε να αναπτύξουν ασφαλείς συνήθειες στο διαδίκτυο και παρείχαμε εργαλεία στους γονείς και τους δασκάλους ώστε να επικοινωνούν καλύτερα με τα παιδιά.

Κοινωνία Η KPMG με κοινωνική ευαισθησία και ενεργή δράση στηρίζει έμπρακτα τις πρωτοβουλίες που έχουν ως επίκεντρο τον εθελοντισμό και την κοινωνική προσφορά. Στο πλαίσιο της εναρμόνισης των δράσεων Κοινωνικής Υπευθυνότητας της εταιρείας μας με τον 1ο και 2ο στόχο βιώσιμης ανάπτυξης του Ο.Η.Ε. που αφορούν στην καταπολέμηση της φτώχειας και στην εξάλειψη της πείνας αντίστοιχα, οι άνθρωποι της KPMG για 8η συνεχή χρονιά ανανέωσαν το ραντεβού τους και μαγείρεψαν

εθελοντικά περισσότερα από 350 γεύματα φροντίδας για καλό σκοπό, τα οποία διατέθηκαν σε ανθρώπους που το έχουν ανάγκη μέσω του Μη Κυβερνητικού Οργανισμού «Μπορούμε», που έχει ως σκοπό τον περιορισμό της σπατάλης τροφίμων και την καταπολέμηση του υποσιτισμού στην Ελλάδα. Η υλοποίηση της δράσης “Cook for Good” πραγματοποιείται με αφορμή την Παγκόσμια Ημέρα για την Καταπολέμηση της Φτώχειας (17/10) και την Παγκόσμια Ημέρα Τροφίμων (16/10) και αποτελεί την ελάχιστη συνεισφορά στην εξάλειψη της πείνας και της σπατάλης τροφίμων. Η μακροχρόνια συνεργασία μας με την ΕΛΕΠΑΠ, επεκτείνεται μεταξύ άλλων στις εορταστικές περιόδους, Χριστούγεννα και Πάσχα, πραγματοποιώντας bazaar στα γραφεία της KPMG, καθώς και στα συνέδρια μας, μέσω της διάθεσης χώρου προβολής του έργου τους. Παράλληλα για 12η συνεχή χρονιά, όπως και κάθε Νοέμβριο, μέλη της εταιρείας μας συμμετείχαν ως δρομείς στον «Αυθεντικό Μαραθώνιο», το κορυφαίο αθλητικό γεγονός της χρονιάς, και έτρεξαν για καλό σκοπό, την ενίσχυση του έργου και των πόρων της ΕΛΕΠΑΠ.

Άνθρωποι Αναγνωρίζοντας την αξία των ανθρώπων που συμβάλλουν καθημερινά στην υλοποίηση στόχων και στην επίτευξη έργων της KPMG, επιλέγουμε να επενδύουμε στην προσωπική και επαγγελματική τους εξέλιξη, πραγματοποιώντας σειρά δράσεων και σεμιναρίων που θα επιφέρουν την μέγιστη απόδοση και θετική αλλαγή στην δυναμική της ίδια της εταιρείας. Μέλημα μας η υγεία και ασφάλεια των ανθρώπων μας γι’ αυτό και κάθε νέα χρονιά πραγματοποιείται εξειδικευμένο σεμινάρο Α’ Βοηθειών. Καθώς η KPMG στην Ελλάδα έχει βαθιά χαραγμένο στο DNA της το αίσθημα της προσφοράς, στηρίζουμε συνειδητά τους συνανθρώπους μας που μας έχουν ανάγκη, συμμετέχοντας σε εθελοντικές αιμοδοσίες και ενισχύοντας την τράπεζα αίματος της KPMG. Η προώθηση της αξίας της υγείας και της ευεξίας θεμελιώνεται μέσω ενεργειών ενδυνάμωσης και εκγύμνασης του σώματος, της ψυχής και του μυαλού της πρωτοβουλίας “Well-being month”. Xαρακτηριστικά παραδείγματα αποτελούν τα σεμινάρια ευεξίας στο χώρο εργασίας, ορειβατικό περίπατο, μαθήματα ορθοσωμίας, και συμβουλές διατροφης. Η KPMG στην Ελλάδα, μαθαίνει στους ανθρώπους της να ενεργούν με ακεραιότητα και ενσυναίθηση και οι ίδιοι έχουν ανάγκη να δώσουν πίσω στην κοινότητα και να συμβάλουν στην καλύτερη πορεία της. Προτεραιότητα μας αποτελεί η ανάδειξη πρωτοβουλιών που θα ενισχύουν την αειφόρο ανάπτυξη, και θα συνδυάζουν τους Στόχους Βιώσιμης Ανάπτυξης του Ο.Η.Ε. με τις ενέργειες Κοινωνικής Υπευθυνότητάς μας. Η KPMG αναλαμβάνει δράση για την αντιμετώπιση της περιβαλλοντικής καταστροφής και της κλιματικής κρίσης, επενδύει στην εκπαίδευση και στην κοινωνική προσφορά, έχοντας πάντα ως στόχο την αλλαγή συνηθειών, την προώθηση της αλληλεγγύης και τη δημιουργία πιο ευνοϊκών συνθηκών για τις μελλοντικές γενιές. Όλοι μαζί και ο καθένας ξεχωριστά δημιουργούμε μια πιο ζωντανή και εξελισσόμενη εταιρεία.

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NAFS | DECEMBER 2023 - JANUARY 2024

Σύνοδος Κορυφής για τη Ναυτιλία στο Ντουμπάι

Η ηγετική παρουσία της ναυτιλίας των Ελλήνων στο COP28 Δυναμική ήταν η παρουσία της Ένωσης Ελλήνων Εφοπλιστών (ΕΕΕ) στη Σύνοδο Κορυφής που διοργάνωσε το Διεθνές Ναυτικό Επιμελητήριο (ICS), στο εμβληματικό Μουσείο του Μέλλοντος στο Ντουμπάι, με τίτλο «Shaping the Future of Shipping: Delivering a Net Zero World» στις 10/12/2023, στο πλαίσιο του COP28. Στη Σύνοδο Κορυφής συμμετείχαν πάνω από 300 ηγετικές προσωπικότητες και κυβερνητικοί παράγοντες της ναυτιλίας και της ενέργειας, από 30 χώρες.

εμπνεύσουμε και να ηγηθούμε, για άλλη μια φορά. Η ναυτιλία ανέκαθεν έχτιζε γέφυρες για ανάπτυξη και ευημερία. Αυτός είναι ο σκοπός μας, το καθήκον μας και η δέσμευσή μας στον κόσμο.»

Κατά την έναρξη των εργασιών της Συνόδου, η Πρόεδρος της ΕΕΕ, κα. Μελίνα Τραυλού, έθεσε με σαφήνεια και εις βάθος τα δεδομένα και την πραγματική διάσταση των θεμάτων και των προκλήσεων της παγκόσμιας ναυτιλίας, αλλά και της παγκόσμιας οικονομίας, στο στόχο της ενεργειακής μετάβασης.

Στις εργασίες της Συνόδου, ο κ. Δημήτριος Ι. Φαφαλιός, Γραμματέας του Διοικητικού Συμβουλίου της ΕΕΕ, αλλά και Πρόεδρος της Intercargo, συμμετείχε στον κύκλο συζήτησης με θεματική τον καθοριστικό ρόλο των ναυτικών για τη μετάβαση σε μια κλιματικά ουδέτερη ναυτιλία. Έμφαση δόθηκε στην ανάγκη εκπαίδευσης των ναυτικών, ώστε να αποκτήσουν δεξιότητες για την ασφαλή χρήση νέων τεχνολογιών και εναλλακτικών καυσίμων στα πλοία, προστατεύοντας την ανθρώπινη ζωή και το περιβάλλον.

Η Πρόεδρος της ΕΕΕ έστειλε προς κάθε κατεύθυνση το μήνυμα της διεθνούς ναυτιλιακής κοινότητας για την πορεία της απανθρακοποίησης του κλάδου. Ένα ηχηρό, οικουμενικό μήνυμα που αφορά στην επιτακτική ανάγκη συνεργασίας και συντονισμού όλων των εμπλεκόμενων μερών της ναυτιλιακής αλυσίδας για την επίτευξη των στόχων του Διεθνούς Ναυτιλιακού Οργανισμού (ΙΜΟ), του διεθνούς νομοθέτη της ναυτιλίας. Τόνισε την ανάγκη συγκεκριμένης προσέγγισης από τις κυβερνήσεις, τις ρυθμιστικές αρχές και τα ενδιαφερόμενα μέρη. Η Πρόεδρος της Ένωσης Ελλήνων Εφοπλιστών απηύθυνε δημόσια πρόσκληση προς τις κυβερνήσεις των κρατών για ενεργή και αποτελεσματική υποστήριξη του φιλόδοξου έργου του ΙΜΟ, ώστε να υπάρξει σύγκλιση όλων των απόψεων προς τον κοινό στόχο.

Ο κ. Φαφαλιός στην παρέμβασή του αναφέρθηκε στον πρωταγωνιστικό ρόλο της ναυτιλίας κατά τη διάρκεια της πανδημίας COVID-19 που εξασφάλισε την απρόσκοπτη μεταφορά βασικών αγαθών ανά τον κόσμο εν μέσω lockdowns. Ακόμα και τότε, ωστόσο, η ναυτιλιακή βιομηχανία έπρεπε να παρέμβει στις κυβερνήσεις για να αναγνωριστούν οι ναυτικοί ως key workers. Η αναβάθμιση του επαγγέλματος του ναυτικού είναι απαραίτητη, τόνισε ο κ. Φαφαλιός, για τη διατήρηση του υφιστάμενου προσωπικού και την προσέλκυση νέων στο επάγγελμα. Κλείνοντας, ο κ. Φαφαλιός υπογράμμισε τον κρίσιμο ρόλο των νηογνωμόνων και κυρίως των ναυπηγείων, στην κατασκευή πλοίων που θα διασφαλίζουν την υγεία των εργαζόμενων και θα προσφέρουν ένα φιλικότερο περιβάλλον διαβίωσης στα πληρώματα.

Αξίζει να σημειωθεί ότι η κα. Μελίνα Τραυλού παρουσίασε σφαιρικά τη θέση της ναυτιλίας και τα θέματα, στα οποία εστίασε, αποτέλεσαν σημείο αναφοράς και έμπνευσης του συνόλου των εργασιών της Συνόδου. Ολοκληρώνοντας την επιδραστική της ομιλία η κα. Μελίνα Τραυλού, τόνισε «ο χρόνος περνά, με τις μεγάλες προκλήσεις να παραμένουν και νέες να αναδύονται.

Στο πλαίσιο της συνόδου ο Έλληνας Υπουργός Ναυτιλίας και Νησιωτικής Πολιτικής, κ. Χρήστος Στυλιανίδης, κατά τη συμμετοχή του στον κύκλο συζήτησης υπουργών, ανέδειξε τη σημασία που διαδραματίζει η δια-τομεακή συνεργασία για την επίτευξη του στόχου της απανθρακοποίησης της ναυτιλίας. Υπερθεμάτισε στην ανάγκη της συνεργασίας όλων των εμπλεκόμενων φορέων (παραγωγοί ενέργειας, κατασκευαστές εξοπλισμού, λιμενικές αρχές, εφοπλιστική κοινότητα κ.α.), για την ανάπτυξη ρεαλιστικών και εφαρμόσιμων λύσεων.

Ωστόσο, εάν καταφέρουμε να συνεργαστούμε για την επίτευξη των κοινών μας στόχων, η επιβράβευση θα είναι μεγαλύτερη από την «πράσινη» ναυτιλία, γιατί θα αφορά στην πράσινη μετάβαση του συνόλου των βιομηχανιών. Δεν μπορούμε καν να συζητήσουμε, πόσο μάλλον να πετύχουμε, μια παγκόσμια ενεργειακή μετάβαση χωρίς τη ναυτιλία και τον ρόλο της ως καταλύτη σε κάθε πτυχή της κοινωνικοοικονομικής αλλαγής και προόδου. Σήμερα, λοιπόν, εδώ στο Μουσείο του Μέλλοντος, με αφετηρία αυτό το γερό θεμέλιο που έχουμε οικοδομήσει, μας καλώ όλους να συνεργαστούμε πιο στενά από ποτέ, για το μέλλον αυτό. Το μέλλον της ναυτιλίας. Το μέλλον του κόσμου μας. Η ναυτιλία οδηγούσε πάντα τις εξελίξεις. Συνέβαλε στην παγκόσμια αλλαγή με αποφασιστικότητα και όραμα. Τώρα, καλούμαστε να

Η Πρόεδρος της ΕΕΕ και στο πλαίσιο της Συνόδου, είχε μια σειρά εποικοδομητικών συναντήσεων και επαφών με Αξιωματούχους, αλλά και θεσμικούς παράγοντες του ναυτιλιακού κλάδου, τόσο σε ευρωπαϊκό, όσο και σε παγκόσμιο επίπεδο. Η κυρία Μελίνα Τραυλού συναντήθηκε, μεταξύ άλλων, με: τον εκλεγμένο νέο Γενικό Γραμματέα του ΙΜΟ, κ. Arsenio Dominguez Velasco, την Πρόεδρο της Ένωσης Γερμανών Εφοπλιστών, (VDR), Dr. Gaby Bornheim, τη νέα Πρόεδρο από 1/1/2024 της Ένωσης Ευρωπαϊκών Εφοπλιστικών Ενώσεων (ECSA), κα. Karin Orsel, καθώς και τον Πρόεδρο του BIMCO, κ. Niko Schües.

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