HDW Emerges as Successful Bidder for Shipyard
Hellenic Industrial Bank (ETBA) was outperforming the Athens bourse on expectations it will soon sell its majority stake in Skaramanga shipyards, analysts said. ETBA, which owns 51 percent of Hellenic Shipyards Skaramanga, said it would start negotiations with German shipyard HDW Werft, which was the highest bidder in the privatization of the shipyard. ETBA shares were up 3.81 percent to 6.00 euros at 1102 GMT, outperforming the Athens bourse's benchmark general index, which was down 0.92 percent, and the banking sector index which was down 1.45 percent. "Procedures concerning Skaramanga are being sped up, and this could accelerate the privatization of ETBA Bank as well," said Costas Vergos, analyst at Magna Trust Securities.
Greek Shipping Company To Pay $1M Fine
Karlog Shipping Company Ltd., of Piraeus, Greece, pleaded guilty on Nov. 16 in U.S. District Court for the Eastern District of New York to obstructing justice by concealing the release of oil into the ocean from the Motor Vessel Friendship, according to a report by AXcess News. Karlog Shipping was ordered to pay a $1 million fine, develop a fleet-wide court-monitored environmental management system and serve three years' probation. In addition, Panagiotis Kokkinos, the ship's chief engineer, and Athanasios Chalkias, the ship's fitter, have also each pleaded guilty in connection with their role in ordering crew members to make false statements to the Coast Guard regarding discharges of oil from the ship. Each man was sentenced on Oct. 6 to 30 days in prison and three years' probation.
Posidonia 2012 Opens
The Greek Prime Minister Panagiotis Pikramenos presided today, Monday June 4th over the official opening ceremony of the international shipping exhibition Posidonia 2012. Many government officials, foreign diplomats and representatives of Greek and international maritime organizations attended the inauguration ceremony of Posidonia, the premier event of the global shipping industry. In his address, the Greek Premier said: “The participation of so many exhibitors at this year’s Posidonia…
Hellenic Shipyards Skaramanga To Go Private With HDW Werft
Hellenic Industrial Bank was outperforming the Athens bourse on Wednesday on expectations it will soon sell its majority stake in Skaramanga shipyards, analysts said. ETBA, which owns 51 percent of Hellenic Shipyards Skaramanga, said late on Tuesday it would start negotiations with German shipyard HDW Werft, which was the highest bidder in the privatization of the shipyard. ETBA shares were up 3.81 percent to $5.27, outperforming the Athens bourse's benchmark general index, which was down 0.92 percent, and the banking sector index, which was down 1.45 percent. "Procedures concerning Skaramanga are being sped up, and this could accelerate the privatization of ETBA Bank as well," said Costas Vergos, analyst at Magna Trust Securities.
CMA Names Tsakos 2015 Commodore
Capt. Panagiotis N. Capt. Panagiotis N. Tsakos, Founder of the Tsakos Group, has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2015. The award, given each year to a person in the international maritime industry who has contributed to the growth and development of the industry, will be presented on March 25, 2015 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition, at the Hilton Hotel in Stamford, Connecticut. Captain Tsakos has dedicated his life to the sea, to the welfare of the people at sea, to caring for and protecting the environment and building a successful commercial shipping company.
Greek Ferry: Four Legs for Power
In the near future some marine passengers in Greece will be driving their cars aboard a handy size and handy maneuvering double-ender car ferry. The 288.7 by 57.7-ft vessel is undergoing final fitting out at the Sidironaftiki Epe-Atsalakis shipyard in Piraeus. The owners, Agios Athanasios A Shipping had the vessel designed by naval architect Nikos Petichakis. Capacities include 130 cars on the main deck and 36 cars on a lower deck as well as 500 passengers. Tankage for fuel includes 65 tons with a 10-ton day tank in addition to 120 tons of water.
ClassNK, Maria Tsakos Begin Research Collaboration
The Maria Tsakos Foundation-International Center for Maritime Research and Tradition and ClassNK have embarked on a joint venture to cooperate on matters of common interest, with emphasis on maritime research and environmental protection. A signing ceremony to commemorate the agreement between the two partners was held at the Foundation’s headquarters in Athens on November 29, 2013. ClassNK Chairman and President Noboru Ueda, and Maria Tsakos Foundation Chairman and IMO Secretary…
SNAME Meeting on Financials of LNG
SNAME announced its seventh technical meeting for the 2013-2014 season, during which Dr. Panagiotis Zacharioudakis, Senior Researcher at the National Technical University of Athens (NTUA), will speak on the subject of “The Financials of LNG.” The meeting is scheduled for Thursday, March 20 at 7 p.m. in The auditorium of Maran and Alpha Tankers, Kallithea, Athens. The use of LNG as marine fuel is a very promising alternative for compliance with environmental regulations, compared to other solutions such as scrubbers and MGO. In the presentation, a brief description of the Costa Project (CO2 & ship transport emissions abatement by LNG), funded by the TEN-T, will be given.
Lloyd's Register Hellenic Advisory Committee
Lloyd’s Register’s Hellenic Advisory Committee (HAC) met November 19, 2009 at the Yacht Club of Greece. Chairman, Capt. Panagiotis Tsakos summed up the proceedings: "This has been another good committee meeting. We are facing a new era - the issues we see, particularly the carbon challenge, have never been experienced before. Never have we needed class so much, never before has class needed shipowners as much as today. We have resolved to share our issues with each other and help each other address the challenges we face." The Committee members emphasised their concern that shipping was engaging with the prospect of market-based measures to combat climate change when they felt the industry needs to be prioritising technical solutions to reduce emissions from shipping.
Greece to Halt Port Privatization
Greece's government said on Wednesday it was sticking to plans to halt the sale of its two biggest ports, Piraeus and Thessaloniki, rebuffing reports it was having second thoughts. Prime Minister Alexis Tsipras's new leftist government has sought to cancel key terms of Athens' bailout programme from international lenders, including what it calls the "crime" of selling off strategic national assets. "We are not discussing any further sale or privatisation of Piraeus Port or Thessaloniki port," government spokesman Gabriel Sakellaridis told Greek television. China's Cosco manages two of Piraeus port's cargo piers and had been shortlisted along with another four suitors as potential buyers of a 67 percent stake in the port under last year's privatization scheme.
TCM Implements Seagull's Competence Manager
Tsakos Columbia Shipmanagement (“TCM”) S.A. has strengthened its collaboration with Seagull Maritime AS to bring its in-house ‘Tanker Competence and Promotion Management System’ (TCPMS) to its fleet of fifty-five tanker vessels through Seagull’s Competence Manager. Available both onboard and online, Seagull’s Competence Manager is a versatile component of the ‘Seagull Training Administrator’, allowing shipping companies to monitor the career development of their seafarers and dynamically implement competence and promotion requirements. It works in conjunction with Seagull’s extensive reports and statistics on the existing e-learning material onboard. Tsakos Columbia Shipmanagement S.A.
Noonan Named CMA's 2017 'Commodore'
This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt.
Piraeus Port Signs MoU with Shanghai Port
The Cosco-managed Piraeus Port Authority (OLP) and Shanghai International Port Group, the world's biggest commercial port, signed a Memorandum of Understanding (MOU) envisioning cooperation in infrastructure studies, personnel training, information exchange and technical assistance. The MOU was signed by Athanasios Liagkos Executive Management Consultant & BoD member of the PPA SA and the Chairman of Shanghai International Port Group, Chen Xuyuan. This development further highlights Piraeus's strategic position on the world map and especially on the New Silk road.
AHHI Insures 1,900 Vessels in First Year
Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded $10 million and covered 35 million GT on 100% basis, said a press statement. During its latest Board meeting in June 2017, American Hellenic Hull Insurance Company appointed two new Directors, Angelos Kostakos of Oceanstar Management Inc. and . Panagiotis Christodoulatos of Ikaros Shipping & Brokerage Kostakos is Legal, Insurance and Claims Director of Oceanstar Management Inc.
Guilty Plea, Concealing Vessel Pollution
Panagiotis Stamatakis, the chief engineer on the Cyprus-flagged M/V Myron N, and the second engineer, Dimitrios Papadakis, both citizens of Greece, pleaded guilty in U.S. District Court in Trenton, N.J., to using falsified records that concealed improper discharges of untreated bilge waste from the cargo ship, the Justice Department announced. District Court Judge Peter G. Sheridan for the District of New Jersey scheduled sentencing for Sept. 8, 2009. Stamatakis and Papadakis each faces up to six years in prison, to be followed by three years of supervised release and a $250,000 fine. The government's investigation began in September 2008, when inspectors from the U.S. Coast Guard conducted an examination of the M/V Myron N, following the ship's arrival in Gravesend Anchorage, N.Y.
Energy Efficiency Fuels Shipping Strategies at Posidonia
As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and performance verification methods emerge. The world’s major ship building nations agree that a combination of a stubborn global recession and high fuel prices which affect global trade and impact newbuilding orders require innovative thinking, creative strategies and investments in R&D to create the foundations for a new generation of shipping infrastructure which will be more resilient to fluctuating heavy fuel prices and more adaptable to alternative forms of energy.
Third Crewmember Pleads Guilty
A Greek citizen who oversaw the engineering department on board a Dominica-flagged bulk cargo ship pleaded guilty today in U.S. District Court in New Orleans for violating environmental laws designed to prevent pollution from ships and making false statements to the U.S. Coast Guard, the Justice Department announced. Georgios Stamou, the chief engineer of the M/V Theotokos, pleaded guilty to one felony violation of the Act to Prevent Pollution from Ships and one felony violation for making a false statement. Stamou is the third crewmember to plead guilty to crimes related to pollution from Theotokos while on the high seas. The captain of the ship, Panagiotis Lekkas, and the second ranking officer, Charles P. Posas, both pleaded guilty to multiple felony counts on July 15, 2009.
Liberian Ocean Shipping Co. Admits Wrongdoing
A Liberian-incorporated shipping company pleaded guilty in federal court in Trenton, N.J., to failing to keep accurate oily water discharge records and using falsified records to conceal the discharge at sea of untreated bilge from one of its cargo ships, the Justice Department announced. Dalnave Navigation Inc., a Liberian company with offices in Athens, Greece, was sentenced by U.S. District Judge Peter G. Sheridan immediately after the guilty plea to pay a fine of $1m, the maximum fine allowable for the two counts to which the company pleaded guilty. Additionally, the company agreed to pay a $350,000 community service payment to the congressionally-established National Fish and Wildlife Foundation to be used specifically for the protection…
Polembros Barred from U.S. Waters for 3 Years
Polembros Shipping LTD., a ship management company headquartered in Greece, was sentenced on Dec. 9 in federal court in New Orleans to pay a $2.7m criminal fine for violating anti-pollution laws, ship safety laws, and making false statements during a U.S. Coast Guard investigation of the M/V Theotokos, the Justice Department announced. Additionally, Polembros was ordered to pay a separate $100,000 community service payment to the Smithsonian Environmental Research Center, a subunit of Smithsonian Institute. The money will be used to research and mitigate the effects of marine invasive species suspected to be transported in ballast waters of ocean-going vessels. Invasive species can threaten native species and damage the ecosystems of the United States.
Grandunion Controls Aries Maritime Transport
Aries Maritime Transport Limited (NASDAQ:RAMS) announced that Grandunion Inc., a company controlled by Michail S. Zolotas and Nicholas G. Fistes, acquired 18,977,778 newly issued common shares in Aries in exchange for three capesize drybulk carriers. Of such shares, 2,666,667 were transferred to Rocket Marine Inc., a company controlled by two former directors and principal shareholders in Aries, in exchange for Rocket and its affiliates entering into a voting agreement with Grandunion. Under this voting agreement, Grandunion controls the voting rights relating to the shares owned by Rocket and its affiliates. Grandunion now owns approximately 34.2% of Aries and, as a result of the voting agreement controls the vote of approximately 71% of Aries' outstanding shares.
Paddy Rodgers Named CMA 2016 Commodore
Award to be presented March 23, 2016 at the conclusion of the CMA’s Shipping 2016 Annual Conference and Exposition. Mr. Paddy Rodgers, CEO of Euronav NV has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2016. Rodgers follows a long succession of influential maritime industry leaders as Commodore. The 2016 Commodore Award will be presented on March 23, 2016 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition, at the Hilton Hotel in Stamford, Connecticut, USA.
Polembros Pleads Guilty, Pollution Charges
Polembros Shipping Ltd., a ship management company headquartered in Greece, pleaded guilty on Sept. 30 in federal court in New Orleans for violating anti-pollution laws, ship safety laws, and making false statements during a U.S. Coast Guard investigation of the M/V Theotokos, the Justice Department announced. According to the plea agreement, Polembros will pay a $2.7m criminal fine and a separate $100,000 community service payment to the Smithsonian Environmental Research Center, a subunit of Smithsonian Institute. The money will be used to research and mitigate the effects of marine invasive species suspected to be transported in ballast waters of ocean-going vessels. Invasive species can threaten native species and damage the ecosystems of the United States.
Guilty Plea, Crimes Related to Pollution
A Greek citizen, Panagiotis Lekkas, the captain of the bulk cargo ship the M/V Theotokos, pleaded guilty to four felony counts in federal court in New Orleans for violating anti-pollution laws, ship safety laws and obstructing a U.S. Coast Guard investigation, the Justice Department announced. Additionally, a Philippine citizen, Charles P. Posas, the second highest officer onboard the M/V Theotokos, pleaded guilty to two felony counts of lying to the Coast Guard and violating recordkeeping laws aimed at reducing the risk of marine invasive species. Posas is the first individual ever charged under the anti-invasive species law, a law designed to mitigate the introduction of marine invasive species into waters of the United States.