Greek Shipping News

Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million).Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds.The total bill had included around 31 million pounds in interest, accruing at 505,000 pounds per day. Restis' lawyers…

The maritime industry, often viewed as conservative and measured in its approach to technological integration, is on the cusp of a transformative era with artificial intelligence (AI) emerging as a prominent player. Insights from key exhibitors at the upcoming Posidonia Shipping Εxhibition reveal a new landscape, where industry leaders strategically align with the inexorable rise of AI and consider adopting it already.According to Theodore Vokos, Managing Director, Posidonia Exhibitions S.A.…

The Lloyd’s Register (LR) Maritime Decarbonization Hub is collaborating with five leading shipowners as founding members in the establishment of a not-for-profit Athens-based global Maritime Emissions Reduction Center (M-ERC) that will focus on optimizing the efficiency of the existing fleet.The M-ERC is being created with the goal of removing technical, investment and community barriers for the uptake of solutions to reduce the greenhouse gas (GHG) emissions of the existing global fleet…

The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been a mistaken missile strike by Houthi militia, shipping and military sources said.Shipping risks are escalating due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis since November. U.S. and British forces have responded with several strikes on Houthi facilities but have so far failed to halt the attacks.The Sea Champion…

Yemen's Houthi militants said on Monday they had attacked another cargo vessel in the Gulf of Aden which was at risk of sinking, raising the stakes in their campaign to disrupt global shipping in solidarity with Palestinians in the Gaza war.The Iran-aligned Houthis have made repeated drone and missile strikes since November in the Red Sea and Bab al-Mandab Strait, drawing U.S. and British bombing against them.Houthi military spokesperson Yahya Sarea said in a statement that the Rubymar's crew was safe but that the ship was badly damaged and at risk of sinking.

A disgruntled former employee shot dead the head of a Greek shipping company and two others before killing himself at the firm's office in Athens on Monday, a police spokeswoman said.Police, fire engines and ambulances were stationed outside the offices of European Navigation in a southern suburb of the capital. Earlier, anti-terrorism forces entered the building, Reuters reporters at the scene said.Among the dead was European Navigation's owner, said police spokeswoman Konstantina Dimoglidou…

Yemen's Iran-aligned Houthis said on Tuesday they had fired missiles at two vessels in the Red Sea, causing damage to the ships.The Houthis have been targeting commercial vessels with drones and missiles in the Red Sea since mid-November, in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.The group's military spokesman said it had fired naval missiles at the Star Nasia and Morning Tide, identifying the Marshall Islands and Barbados-flagged ships…

Disruptions to Red Sea shipping caused by Houthi attacks will push up prices of consumer goods, an executive from port and freight operator DP World said on Tuesday as a missile struck another vessel in the region.The Iran-allied Houthi militia has threatened to expand its attacks to include U.S. ships in response to American and British strikes on its sites in Yemen.Attacks by the Houthis on ships in the region since November have impacted companies and alarmed major powers - an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.

Greece said on Thursday it would send a naval frigate to the Red Sea to protect shipping after attacks by Yemen's Iran-backed Houthi group.On Wednesday, the Greek Shipping Ministry advised commercial ships sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters.

Greece has advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters, keep only the necessary crew on the bridge and follow alerts issued by maritime authorities to avoid attacks in the area.Greek ship-owners control about 20% of the world's commercial vessels in terms of carrying capacity.A shipping ministry advisory was issued on Saturday, as recent attacks by the Iran-aligned Houthi militant group on vessels have forced leading shipping companies to reroute via the cape of Good Hope to avoid the Suez Canal…

METIS Cyberspace Technology appointed Panos Theodossopoulos as its new Chief Executive Officer.Theodossopoulos has considerable experience in leadership roles in the ICT and maritime sectors. In recent years, he has specialized in maritime digitalization, co-founding a maritime tech start-up in 2015 and later serving as Chief Digital Officer at OceanKing, a marine technical and commercial group. Previous positions include Director of Public Sector Sales at Microsoft Hellas and General Manager Cloud Divisionat SingularLogic.Eleni Polychronopoulou…

Hanwha Ocean has secured an order worth approximately $500 million to construct four very large ammonia carriers (VLACs) for Greek shipping company Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). Each VLAC will be able to transport 93,000 cubic meters (cbm) of ammonia, a carbon-free fuel, making them the largest vessel of their class in the world, Hanwha Ocean. The vessels will be built at Hanwha’s Geoje shipyard and delivered to the shipowner starting in 2026.The VLACs will be outfitted with Hanwha Ocean’s latest technologies…

Maritime clean technology company Silverstream Technologies and equipment and technical services provider Franman have signed an agency agreement to support sales of the Silverstream System within Greece.Under the agreement, Franman will act as a representative for Silverstream in the Geek market and reach more potential end users of the technology to explore how it could be incorporated across their fleets.Noah Silberschmidt, founder and CEO of Silverstream Technologies, said…

Greek shipping company Pyxis Tankers announced it has agreed to sell the vessel Pyxis Epsilon, a 2015 built 50,295 dwt. product tanker, for a sale price of $40.75 million in cash to an unaffiliated buyer located in the United States.Completion of the vessel sale remains subject to customary closing conditions and is expected to occur during the fourth quarter of 2023. After the repayment of the outstanding indebtedness secured by the vessel and the payment of various transaction costs, Pyxis Tankers expects to receive cash proceeds of approximately $26.4 million, the company said. Assuming completion of the vessel sale during the fourth quarter of 2023…

Greece's shipping minister Miltiadis Varvitsiotis has resigned following a controversy over his comments about the death last Tuesday of a 36-year-old man who had fallen into the sea after being pushed back by crew members of a ship he was trying to board.Varvitsiotis announced his resignation on social media platform X, formerly known as Twitter, on Monday. Video footage released on social media after the incident showed crew members appearing to argue with the man on the stern…

Greek shipping company Neptune Lines announced the order of two next generation car carrier vessels, specially designed for its short sea trades. Fujian Mawei shipyard in China will build the 4,200 CEU DF PCTC vessels for scheduled delivery in 2026.The new vessels, under the Genesis Project, are the first two of a new series which reflects Neptune’s strategy to supplement its fleet over the next decade, increase relevant cargo capacity by 36% from current core fleet vessels, and reduce emissions to remain well ahead of global targets.

Greek shipping company Neptune Lines will trial Maindeck's digital project management solution to plan and execute dry-docking projects.Neptune Lines provides transportation and shipping solutions for manufacturers and shippers of cars and high and heavy cargoes. Its fleet comprises 22 pure car and truck carrier vessels with loading capacities ranging from 1,500 to 6,500 vehicles.During the upcoming drydocking of Neptune Galene, Neptune Lines will trial Maindeck's platform to optimize its project management and enhance efficiency across all project phases. Features of the solution include advanced tendering, tracking and reporting capabilities.“We are proud to be working with Neptune Lines, one of the leading Greek ship managers.

Greek shipping company United Maritime Corporation announced it has entered into an agreement with an unaffiliated third party for the sale of its remaining LR2 tanker vessel, the 2008-built Epanastasea. The vessel is scheduled to be delivered to its new owner by mid-August 2023. The vessel’s gross sale price is $37.5 million, and the transaction is subject to customary closing procedures.In addition, the company said it has entered into an agreement to acquire a Panamax dry bulk vessel built in 2011 in Japan, with a cargo carrying capacity of 76,361 dwt and will be renamed Exelixsea.

bound4blue and Oceanking announced a partnership to jointly expand access to the eSAIL technology in Greece and Cyprus. bound4blue provides wind-assisted propulsion technology, and its eSAIL is designed to help reduce fuel consumption and emissions.eSAIL is a suction sail, which combines the positive features of both wingsails (ease of operation, low power consumption, excellent capacity to sail upwind) and flettner rotors (high lift, small size).“We are excited to work with Oceanking in this important shipping business region.

Greece issued a series of warnings to shipowners to avoid sailing close to Iranian waters days before Tehran seized two tankers amid heightening tensions in the region, according to documents and industry sources.Iran seized a second oil tanker in a week on Wednesday in Gulf waters, the U.S.

Greek shipping company Performance Shipping on Wednesday announced it has signed a shipbuilding contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding Company Limited for a newbuild LR2 Aframax product/crude oil tanker.The 114,000 DWT vessel was ordered for for a contract price of $62.6 million, net of commission to third party, Performance Shipping said. The company noted that 15% of the purchase price is payable upon receipt of a refund guarantee…

Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.Most of the winners from the sanctions are based in China, India, Greece and the United Arab Emirates, at least 20 trading and banking sources said. A handful are partly owned by Russian companies.None of the firms is breaching sanctions, the sources told Reuters, but they have benefited from measures…

Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow's flagship Urals grade held below an international price cap, according to market sources and Eikon data.The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec. 5.The cap allows non-EU countries to import seaborne Russian crude oil, but prohibits Western shipping and insurance companies from handling…