Capital-Executive Ship Management Corp. has taken delivery of the newbuilding vessels C/V ‘Avios’ and C/V ‘Astraios’. These are the final two ships in a series of nine sister vessels, each with a capacity of 1,827 TEU and equipped with 375 plugs for refrigerated containers. The vessels were constructed by Hyundai Mipo Dockyard Co. Ltd. in South Korea.
The container vessels ‘Avios’ and ‘Astraios’ feature optimized hull designs and incorporate advanced technologies focused on enhancing energy efficiency and reducing environmental impact. Compared to older vessel designs, these ships achieve up to 65% lower energy consumption and 80% reduction in NOx emissions, facilitated by a Tier III NOx catalyst. Additionally, this series of vessels are prepared for Alternative Marine Power (AMP), LNG Dual Fuel ready.  
Capital-Executive Ship Management Corp. currently operates a fleet of 37 vessels including 30 container carriers and 7 modern bulk carriers with a total dwt of 2.49 million tons approx. and total teu of 131,498. The fleet under management includes vessels of Nasdaq-listed Capital Product Partners L.P.

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On April 3rd, 2024, Elections were held at WIMA "Worldwide Industrial & Marine Association" for the election of members of the new Board of Directors. The entirety of the Association's members participated in the elections.
The new Board of Directors was formed as follows:
Elias Hajiefremidis (HAJIEFREMIDIS S.A.) – PRESIDENT
George Papamanolis (ELVIK S.A. ) - VICE PRESIDENT
Ioannis Kordatos (HELLENIC WELDING ASSOCIATION) - GENERAL SECRETARY
George Lygeros (PSYCTOTHERM) - DEPUTY GENERAL SECRETARY
Sofoklis Kokkinis  (P. KOKKINIS Ltd.) – TREASURER
Spyros Goumas (SQLEARN) - PUBLIC RELATIONS OFFICER
Vasilios Chrysopoulos (TURBO GENERAL S.A.) - INTERNATIONAL RELATIONS OFFICER
Alternate members elected were: Aggelos Drakopoulos, Georgia Sgouraki (GO-SHIPPING) Nikolaos Syrigos (Bellows Hellas OE)
During the ensuing discussion, the new Board of Directors unanimously agreed to work for the purposes of the Association, focusing on presenting and promoting the capabilities of its members to shipping companies, organizations, missions, conferences, and exhibitions in Greece and abroad. Special attention will be given to collaboration with shipbuilding and repair units as well as the utilization of new European and national programs announced by the Government.

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C&A Stavros Kassidiaris S.A. recently upgraded its partnership with DHL Express, leveraging their GoGreen Plus service, which uses eco-friendly aviation fuel (SAF) for order deliveries. By opting for SAF, we actively reduce the carbon footprint of our shipments, demonstrating our firm commitment to environmental responsibility.
Prioritizing sustainable practices, we empower the companies that choose to work with us, to join us in this endeavor. Together, let's embrace eco-conscious choices and contribute to a greener future. SAF represents not only a crucial step in achieving our sustainability objectives but also signals our dedication to a more sustainable future.
At C&A Stavros Kassidiaris S.A., our dedication to environmental responsibility is unwavering. We deeply value every effort made towards making a positive impact on our planet.

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Green Award Foundation welcomed Black Rope, a leading global mooring solutions provider, as its newest Incentive Provider. This strategic partnership aims to promote safer and more environmentally friendly mooring practises in the maritime industry.
Black Rope, the winner of the prestigious 2023 Lloyd's List Greek Shipping Awards Safety Award, is renowned for its comprehensive range of mooring products and services. With a state-of-the-art manufacturing facility producing high-quality mooring ropes and a team of experts offering consultancy, inspection and training services, Black Rope is committed to maximising safety in mooring operations.

As part of this collaboration, Black Rope will offer exclusive discounts to Green Award certified ships on two of its innovative products:

1. SAFELINE Mooring Management & Monitoring Software: A cutting-edge digital solution designed to streamline mooring operations, enhance safety, and optimise performance.
2. ASB (Anti Snap Back) Ropes: Advanced mooring ropes engineered to minimise the risk of snap-back incidents, ensuring crew safety during mooring operations.

By leveraging Black Rope's expertise and Green Award's extensive network of certified ships, this partnership seeks to drive the adoption of best practises in mooring safety and sustainability across the global shipping community.
“We are thrilled to join forces with Black Rope, a company that shares our unwavering commitment to safety and sustainability in the maritime industry," said Jan Fransen, Executive Director of Green Award Foundation. "Through this partnership, we aim to provide our certified ships with access to innovative mooring solutions that not only enhance safety but also contribute to more efficient and environmentally friendly operations.”
Co-Founders Mr. Christos Leoussis, Mr. Aristeidis Deligiannis and Capt. Vasilis Giannopoulos expressed their enthusiasm for the collaboration, stating, "Partnering with Green Award Foundation aligns perfectly with our core philosophy of promoting safe and sustainable mooring practises. We look forward to supporting Green Award certified ships with our cutting-edge products and services, working together to create a safer and greener future for the shipping industry."
With a strategic global network spanning major key-port areas, Black Rope is well-positioned to serve Green Award certified ships worldwide, ensuring they have access to the latest mooring technologies and expertise wherever their operations take them.

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The ESG Shipping Awards, in collaboration with the Hellenic Chamber of Shipping, hosted a compelling side event titled "ESG Strategies for Sustainable Shipping" as part of the esteemed 9^th Our Ocean Conference 2024 in Greece. This event served as a pivotal platform for industry leaders and experts to engage in insightful discussions and share invaluable perspectives on the integration of Environmental, Social, and Governance (ESG) factors into the strategy and decision-making processes within the shipping industry. With a focus on critical topics such as alignment with the United Nations' Sustainable Development Goals (SDGs), addressing environmental challenges, promoting social responsibility, and exploring economic benefits in the maritime sector, the event aimed to promote sustainable practices and investments, foster collaboration, and drive positive impact on ocean sustainability.
“As the cruise industry pursues net zero emissions by 2050, collaboration will be key to unlocking future potential and achieving our ambitious commitments. We need to work together – cruise operators, suppliers, terminals, ports, and destinations – as we strive for cruise to become an ever more sustainable way of discovering the world. Key areas of focus among CLIA member lines include climate action, sustainable tourism, conservation, diversity, and inclusion, with the health, safety and security of passengers and crew foremost. People are at the heart of our industry. We offer an inclusive, multicultural work environment, with often more than 60 nationalities working onboard, and 94% of women seafarers working on cruise ships.” stated Maria Deligianni, Regional Director, Eastern Mediterranean, Cruise Lines International Association (CLIA) Rose Easton, Chief Responsible Investment Ecosystems Officer, UN PRI stressed that “Investors have a key role to play in supporting the adoption of sustainable practices in the maritime sector. Responsible investment is now becoming mainstream, and investors are increasingly incorporating frameworks like the UN Sustainable Development Goals when aligned with their fiduciary duties, expecting companies to incorporate responsible practices into their day-to-day business practices. Companies that adopt good sustainability practices, are governed well, and prioritize doing due diligence on their own supply chains should be rewarded by increased demand and that in turn generates better shareholder value. Capital is available to fund innovation and transition as the industry is progressing its decarbonization journey”.
Mrs. Vivi Kolliopoulou, President, WISTA Hellas emphasized the significance of ‘Diversity – including but not limited to gender diversity - is key in providing a sustainable future for the shipping industry internationally. An environment with reduced inequalities promotes the well-being of its employees and contributes towards sustainable economic growth.’
‘The shipping industry faces significant challenges in complying with environmental regulations, including the complexity and inconsistency of regulations across regions, high costs associated with implementing environmentally friendly practices, and the global nature of the industry that complicates enforcement and monitoring.’, said Mrs. Eleni Polychronopoulou, President, Hellenic Marine Equipment Manufacturers and Exports (HEMEXPO). Moderator of the panel was Helena Athoussaki, Principal Organizer, ESG Shipping Awards

The event facilitated in-depth discussions on the following topics:
- Alignment with SDGs: Exploring how the maritime industry aligns with the United Nations'
- Sustainable Development Goals (SDGs) and the commitments of participating organizations to contribute to these global objectives.
- Environmental Challenges: Identifying the key environmental challenges facing the maritime industry and discussing the measures necessary to address these challenges effectively, ensuring the long-term health of marine ecosystems.
- Inclusivity and Social Responsibility: Discussing strategies for promoting inclusivity and social responsibility within the maritime industry, both in terms of workforce diversity and engagement with local communities, and highlighting specific social aspects supported by
articipating organizations.
Successful Examples of ESG Practices: Showcasing successful examples of companies or organizations in the maritime industry that have implemented ESG practices, and examining the economic benefits and opportunities that arise from such initiatives, including improved operational efficiency and enhanced stakeholder trust.
Support from Investors and Financial Institutions: Exploring how investors and financial institutions can support the adoption of ESG practices in the maritime sector and identifying key components that typically capture their interest when evaluating such practices, such as transparent reporting and measurable impact metrics.
The side event, "ESG Strategies for Sustainable Shipping," underscored the importance of collaboration and innovative solutions in advancing sustainability within the maritime industry.

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After a successful mid-term meeting of the ExCo (Executive Committee) of WISTA International, the Women's International Shipping & Trading Association (WISTA) held its Mid-Term Conference with the theme "We Are All Connected in Shipping." Hosted and organised by WISTA Türkiye, this pivotal event brought together industry leaders, experts and stakeholders to explore the interconnectedness of the global shipping sector and advocate for greater diversity and inclusion.
In her opening speech, Elpi Petraki, President of WISTA International, emphasised the organisation's dedication to advocating for its members and the broader maritime, trading, and logistics community. She highlighted WISTA's proactive engagement in pivotal International Maritime Organization (IMO) meetings, such as the recent Joint ILO/IMO Tripartite Working Group (JTWG), focusing on enhancing the safety of women seafarers and addressing issues of sexual assault and harassment at sea.
Additionally, she reaffirmed WISTA's commitment to participating in high-level discussions and initiatives concerning the future of employment within these industries, ensuring that women's involvement and empowerment are integral to decision-making processes.
WISTA International, with over 5000 members in 59 countries, represents a diverse range of industry professionals, including ship owners, operators, mariners, traders, logistics and port executives, legal and finance experts, engineers, government officials and seafarers. Emphasising the importance of diversity, Petraki remarked, "In today's global marketplace, evolution is critical for optimal performance and the best way to achieve greater innovation is through diversity of thought."
The conference agenda encompassed key areas affecting the industry, beginning with insightful keynote speeches by Mr. Tamer Kiran, the Turkish Chamber of Shipping Chairman, and Ms. Mariana Noceti from the Technical Cooperation Division of the IMO.
The day's discussions dealt with pressing topics such as the impact of sanctions on shipping, the EU Emission Trade Scheme, technology utilisation onboard and ashore, and the role of Istanbul as an arbitration centre.
The panel sessions were moderated throughout the conference by distinguished industry figures, including Prof. Dr Ahmet Samim Unan, Mr. Cihan Ergenc, Mr. Levent Sen, and Ms. Nazli Selek. These sessions featured esteemed panellists from various sectors, offering diverse perspectives and insights into the maritime industry's challenges and opportunities.
In addition to fostering dialogue and knowledge sharing, WISTA International is championing its pledge for diversity and inclusion within the maritime sector. The pledge calls on industry stakeholders to embrace diversity of thought, champion equal opportunity and pay, confront implicit bias, and promote gender-neutral practices in recruitment and evaluation. It invites all industry stakeholders to take their pledge; together, we can work towards a more equitable and prosperous maritime sector.

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Chios Marine Club and Piraeus Marine Services S.A. jointly organized on the 17^th of April a presentation on “ENERGY SAVING DEVICES” with special emphasis on propellers. The presentation was held at the pleasant, purpose-built Angelicoussis Group Auditorium, Athens, Greece. It was attended by Managers, Technical Managers of the Shipping Industry also Members and Friends of the Chios Marine Club.
The President of Chios Marine Club, Capt. Antonis Pitsilos, opened the event and welcoming all participants emphasized on: “The importance of saving energy, achieving the goals of the International Maritime Organization (IMO) to reduce emissions from shipping and its global impact”.
The General Manager of Piraeus Marine Services S.A and General Secretary of the Chios Marine Club, Mrs. Maria Tripolitis welcomed the distinguished guests and introduced the discussion procedure to present the program and topics.
Accordingly, the Founder and President of Piraeus Marine Services S.A. Mr. Markos Tripolitis, after greeting the members of the maritime scientific community in attendance, emphasized the necessity of adopting Energy Saving Technologies that must install on vessels. He explained why propeller replacement is the most appropriate initial action in order to achieve emission reduction targets in shipping, especially in cases where, due to regulations, the speed reduction exceeds 10% of the vessel's trial speed.
Then came Mr. Antonis Trakakis, Technical Director, Marine of the Italian Classification Society RINA, who introduced a proposal developed by RINA for the Dolphin57 ships, in collaboration with Nautilus Energy Management.
The CEO of Nautilus Energy Management Corp. Mr. Akis Tsirigakis, proceeded to present a complete proposal that formulated jointly with the Italian Classification Society (RINA) specifically for the Dolphin57 series of vessels, but applicable to other types of vessels as well. He explained the importance of retrofitting the propeller and accessories as an-optimized package, being the initial step on the path to complying with the new regulations. In addition to significant energy savings and monetary benefits, he explained that such a permanent retrofit enhances the vessel’s resale value.
A lengthy discussion followed, with questions from the delegates attending the event, exchanging opinions, underlining the great interest and focus on the matter.

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The President of the Union of Greek Shipowners Melina Travlou, institutionally representing the world leader in shipping, Greek Shipping, welcomed the start of the work of the "Our Ocean 2024" international conference:
«Welcome to my beautiful country. Welcome to the birthplace of the Ocean.Ο Ωκεανός: according to the myth, the son of Uranus (the sky) and Gaia (the earth). A Greek Titan indeed, who always flows surrounding the Earth.
Today, as we gather in the cradle of maritime civilization, our task is to chart a course for its sustainable future.
We live on a planet, that we call Earth, while it is quite clearly Ocean, as two thirds of it are covered by water.
Sustaining oceans is sustaining life itself. 
With this realization, we must join forces to save our oceans.
For a viable future for us all.
In recognition of this common mission, I congratulate the Greek State on embracing this inspired initiative and hosting “Our Ocean”. 
Greece’s destiny has been etched by the ebb and flow of the sea.
With a coastline that stretches over 20 thousand kilometers and a tapestry of 6 thousand islands… the sea is our identity.
We, Greeks, breathe, live, and flourish from the sea.
The sea is our bridge to the world.
This legacy has given rise to the largest ocean-going fleet.
Greek shipping is an economic and strategic powerhouse… It boasts a modern and technologically advanced fleet, proof of our commitment to the environment.
We are proud to be leaders in an industry that secures the welfare of humanity. By making global trade possible. By being the most cost-effective mode of transport for essential goods and energy. We maintain the living standards of people worldwide. Shipping is the backbone of the global economy.
The annals of history attest to this instrumental role shipping has played – and is playing - even in the face of unprecedented challenges.

Ladies and Gentlemen,

In shipping, we prioritize safety and environmental stewardship.
We operate under the strict global rules of the International Maritime Organization (IMO). We adhere to its conventions, of which 21 are directly environment-related, and we take pride in the effectiveness of these measures. Our industry is rigorously regulated for the prevention of pollution by oil, chemicals, garbage, sewage, and air emissions.
In facing the climate crisis, our sector’s commitment is unwavering.
It is fair to say that shipping has outperformed most other industrial sectors when it comes to reducing carbon emissions, considering that it is a fossil fuel captive industry.
Shipping is by far the least carbon intensive means of transporting goods.
Despite its expansive reach, the shipping industry's Green-House-Gas footprint on a per capita basis, compares to that of the lowest emitting countries. Bear in mind that shipping carries around 90% of global trade and emits less than 1/15th of the top emitting country.
But even that comparison is misleading.
The essence of shipping transcends the industrial activity of any single country. We serve the needs of 8.1 billion souls. We unite countries, people, the world.
Yet, we are aware of, and we also fully embrace our responsibility.
We firmly support the ambitious targets set by our global regulator, IMO for net zero Green-House-Gas emissions by 2050.
We commit to turn targets into action.
However, shipping is interconnected with many other industries and out-of-sector stakeholders, who determine important parameters of its activity. To achieve this goal, we must all go hand in hand.
As we move from the age of hydrocarbons to the dawn of renewable materials, shipping is poised once more to be a cornerstone in this transformative era.
Shipping is responsive, reliable and resilient.
It will power the engine of progress, in the reshaping of the supply chains. And steer us towards a sustainable future.

Ladies and Gentlemen,

For us in shipping, the ocean is our home.
We honor and protect it.Ocean conservation is our way of thinking and acting.
Greek shipping moves beyond aspirational initiatives.
We are at the forefront of technological developments and innovations.
“Our Ocean Conference” is a great call to showcase our commitments to the environment.
Let us all navigate forward, united with vigilance and vision.
Let our industry be a beacon of common sustainable progress.
Let our legacy to the future generations be an ocean bursting with life».

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SEA Europe, the association representing the European maritime technology industry, comprising shipyards and maritime equipment manufacturers, has issued a resounding call to action to European policymakers. SEA Europe is urging them to formulate a comprehensive European Maritime Industrial Strategy.
The maritime technology industry is pivotal for Europe's strategic independence. It builds, equips and maintains vessels and platforms crucial for transporting goods, people, and energy, connecting maritime regions, and bolstering the Blue Economy. Furthermore, it provides naval capabilities essential for Europe's defence and security.
Despite its strategic role, the European maritime technology industry has faced considerable challenges over the past years, particularly due to longstanding competition distortions from Asia.
Consequently, Europe has experienced a significant erosion in its merchant and offshore shipbuilding. This decline has not only jeopardized the industrial capacity of European shipyards but also undermined the entire supply chain ecosystem encompassing equipment, systems, and technologies, and harmed naval shipbuilding capabilities.
Because of substantial price differentials of 30% to 40%, combined with advantageous financial incentives – especially offered by Chinese banks –, European shipowners have increasingly opted for Asian shipbuilders. As a result, European shipyards have seen a significant decline in orders. This trend not only poses a substantial economic risk but also undermines Europe's strategic autonomy, particularly amidst current geopolitical tensions.
Christophe Tytgat, Secretary-General of SEA Europe, underscored the urgency of the situation: "It is imperative to regain Europe's shipbuilding capacity by securing orders from shipowners, including European shipowners. The transition towards sustainability and digitalisation within waterborne transport and the Blue Economy is a promising opportunity for Europe to surpass global competitors in quality, efficiency, and safety. Our ambition is clear: by 2035, we aim to supply 10,000 sustainable and digitalised vessels to strategic sectors of the European Blue Economy."
Christophe Tytgat emphasized the critical need for EU policymakers to enact a Maritime Industrial Strategy as a matter of priority for Europe’s strategic autonomy: "We call upon EU policymakers to urgently put in place a Maritime Industrial Strategy to support the business cases of the European maritime technology industry. This strategy should bolster technological leadership, facilitate investments, and nurture a skilled workforce. By strengthening its shipbuilding capacity amidst a challenging global landscape, Europe will enhance its economic security and strategic autonomy in the maritime domain, which is much needed in a context of geopolitical tensions.”
SEA Europe presented its policy recommendations at the European Parliament on April 17th, during an event co-hosted by MEP Catherine Chabaud and MEP Pierre Karleskind.
SEA Europe represents close to 100% of the European shipbuilding industry in 16 nations, encompassing the production, maintenance, repair, and conversion of all types of ships and floating structures, commercial as well as naval, including the full supply chain with the various producers of maritime systems, equipment material, and services. As an NGO observer at the International Maritime Organisation (IMO), CESA represents the shipbuilding industry and its supply chain from EU Member States, Norway, and Turkey.

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Vernicos Scafi Tugs and Salvage Maritime Co., a Greek Towage and Salvage operator in Greece/East Med/Black Sea/Red Sea, together with its partners in SVS, proceeded to the purchase of a newbuilding tug which is expected to be delivered in Turkey within March 2025, under Greek flag.
MED-A2575 was built by Med Marine in Eregli Shipyard in Turkey, one of the most reputable shipyards in Europe. It belongs to RAmparts 2500-W design series by Robert Allan Ltd. and it is one of the most versatile ASD tug design for ship-handling, coastal towing, general purpose or escort duties. It can deliver more than 80 tons of bollard pull. Its high power and maneuverability making it capable to provide both high quality harbor and deep-sea towage services. The tug is fitted with two Caterpillar/3516E main engines, each developing 2,100 kW at 1,600 rpm and with two Kongsberg/US 255S FP thrusters. It is also equipped with FiFi 1 class fire-fighting system, capable also to provide oil recovery and escort services.
Mr. D. Vernicos, Director of Vernicos Scafi, commented: Following the acquisition of the first newbuilding tug with our Greek partners in SVS Maritime Company, we continue our expansion with the acquisition of a second newbuilding tug, strengthening further the relationship of trust with Med Marine Shipyard, by reaching the three orders in less than a year. Vernicos Scafi follows its investment plan that will further strengthen its position and will certainly add value to the fleet of our joint venture in Med Tugs.
Vernicos Scafi Tugs and Salvage Maritime Co. operates mainly in Piraeus and Thessaloniki area, but is also active in other ports as well (East Med/Black Sea/Red Sea, Patras, Lavrion, Mykonos and Katakolon), with a combined fleet of 49 modern tugs

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