With the addition of ‘Windea Clarke’, BSO completes a homogeneous series of four new state-of-the-art CSOVs, which have been integrated into the existing offshore fleet, now comprising seven units, since mid-2025.

Matthias Müller, Managing Director Bernhard Schulte Offshore, said: “With ‘Windea Clarke’, we are completing a strategically important series of vessels that strengthens our ability to support offshore projects with reliable tonnage while significantly reducing the environmental footprint. It enables us to deliver efficient and scalable services across construction, commissioning and maintenance phases to the global offshore energy industry.”

“The delivery of ‘Windea Clarke’ marks another milestone in our strong and valued partnership with Bernhard Schulte Offshore. Their continued trust in Ulstein reflects a shared ambition to challenge the oceans and push the boundaries of offshore vessel design,” says Gunvor Ulstein, CEO of Ulstein Group.

Like her sister vessels, ‘Windea Clarke’ has been purpose-built to meet the evolving demands of the offshore energy industry. Based on Ulstein’s advanced vessel design, the ship combines high operational performance, energy efficiency and excellent seakeeping characteristics. The vessel features Ulstein’s TWIN X-STERN solution, which provides exceptional manoeuvrability, reduced motion and improved fuel efficiency, all key qualities for safe and sustainable offshore operations. Combined with hybrid battery propulsion and a design prepared for future methanol use, the series of vessels is optimised for low-emission operations.

A distinctive feature of ‘Windea Clarke’ is its DNV SILENT-E class notation, confirming that the vessel meets defined limits for underwater radiated noise emissions to protect the marine life. By incorporating noise-reducing measures such as optimised propeller design, vibration control and a holistic noise-aware vessel layout, ‘Windea Clarke’ is designed to minimise its acoustic footprint.

The ‘Windea Clarke’ strengthens BSO’s growing fleet of next-generation offshore vessels. ©Ulstein Group

The ‘Windea Clarke’ offers comfortable accommodation in single cabins for offshore personnel and is fitted with a centrally positioned, height-adjustable walk-to-work gangway and elevator tower to enable safe personnel and cargo transfers. A 3D motion-compensated crane supports offshore handling operations, while extensive storage areas and stepless workflows enhance operational efficiency. ‘Windea Clarke’ features a height-adjustable boat-landing system which enables easy transfer between the CSOV and smaller crew transfer vessels – a key safety feature when operating in offshore wind farms. It is also equipped with a helideck, enabling flexible dispatch of technicians and crew change.

The new vessel continues the naming tradition of the newbuilding series, which honours pioneering scientists. ‘Windea Clarke’ is named after Edith Clarke, a trailblazing electrical engineer whose work made a lasting contribution to modern power systems engineering.

With the completion of this four-vessel series, BSO further consolidates its role as a trusted partner to the offshore energy industry, offering modern, versatile vessels designed to meet the increasing scale and complexity of offshore projects.

About Bernhard Schulte Offshore

Bernhard Schulte Offshore (BS Offshore) is the offshore unit of the Schulte Group. Founded in 2015, Hamburg-based BS Offshore as an asset provider is responsible for the group’s offshore activities in the offshore wind, oil, and gas markets. The Schulte Group is an international, family-owned group of companies specialising in ship owning, ship management, maritime software solutions, maritime services and asset management. With over 140 years of expertise in the industry, the Schulte Group controls a modern and diversified fleet of over 80 fully and partly owned vessels and manages 670 ships. Through its global network of more than 30 offices in major shipping locations, the Schulte Group employs 40,000 crew and 5,000 people on shore. www.bs-offshore.com

Το άρθρο ‘Windea Clarke’ completes Bernhard Schulte Offshore’s quartet of new CSOVs εμφανίστηκε πρώτα στο Maritimes.

Developed by Glasgow-based maritime technology company The World Yacht, the COMPETIQ platform enables organisations to interview large numbers of candidates simultaneously using AI live avatar interviewers, while automatically verifying identities, checking qualifications and producing consistent candidate assessments within minutes.

COMPETIQ recruitment platform creates a live avatar interviewer that can be tailored by gender, age or ethnicity. After analysing each candidate’s CV and experience, it generates role-specific interview questions, adapts its questioning according to each response and assesses candidates against predefined recruitment criteria. The platform can be configured for roles including masters, deck officers, engineering officers and other seagoing positions.

The system also verifies candidate identity using facial recognition technology and cross-checks professional qualifications and certifications before progressing applicants to the next stage of the recruitment process.

Designed by maritime professionals, including a former ship’s captain, to help employers assess not only whether candidates hold the correct certification, but whether they can demonstrate the practical judgement required for life at sea.

The World Yacht was founded as a superyacht management company 11 years ago by entrepreneur and former ship captain Vinil Gupta, a Master Mariner with decades of maritime and regulatory experience.

Since then, it has evolved into a maritime technology and innovation business, developing recruitment, training, and operational tools for merchant shipping, yacht management, and the wider maritime sector.

Although the company’s origins are in the superyacht sector, the new COMPETIQ platform draws on Gupta’s seagoing experience and the team’s maritime technology expertise to address one of merchant shipping’s biggest operational challenges: recruiting qualified and competent crew quickly without compromising safety, verification or quality.

Ship owners and operators are often required to recruit across multiple countries and time zones, leaving limited opportunity to conduct lengthy interviews or manually verify every applicant’s identity, qualifications and certifications. At the same time, a growing shortage of skilled seafarers means vacancies must be filled faster than ever, without lowering recruitment standards.

The launch comes as the newly published Seafarer Workforce Report 2026 from BIMCO and the International Chamber of Shipping warns of a growing shortage of STCW-certified officers. The report estimates that the world merchant fleet currently requires 1,088,080 officers, against a supply of 1,048,980, creating a shortage of 39,100 officers in 2026.

The report also forecasts that an additional 113,735 officers will be needed by 2030 to operate the world merchant fleet, with 22,747 officers needing to join the workforce each year. It estimates that 2.57 million seafarers currently serve the global fleet, operating 85,148 merchant ships worldwide.

Since the previous report in 2021, demand for STCW-certified seafarers has increased by 35%, with demand for officers up 23.1% and demand for ratings up 46.3%. The report concludes that recruitment, training and retention will be critical if the industry is to meet future demand.

The report also notes that companies are experiencing the greatest difficulty recruiting engineering officers and deck officers, underscoring the need for faster, more reliable ways to assess qualified candidates.

Following the initial interviews, recruiters receive detailed performance reports together with a recommended shortlist of the strongest candidates, enabling final interviews to be conducted either in person or by video call.

Vinil Gupta, entrepreneur and former ship’s captain, said: “As a ship’s captain, I know there is a big difference between someone who is certified on paper and someone who can make the right decision under pressure. That is the gap this platform has been built to address.

“Maritime recruitment is under huge pressure. Employers need to move faster, but they cannot afford to compromise on competence, safety or trust. COMPETIQ uses AI to help identify the strongest candidates more quickly by testing how they think, how they respond and whether their experience matches the role they are applying for.

“It is not about replacing human judgment. It is about giving recruiters better information before they make that judgment. The platform can interview large numbers of candidates simultaneously across different countries and time zones, verify identity and qualifications, and produce a consistent first-stage assessment, so recruiters can focus their time on the people most likely to be right for the role.

“Too often, recruitment starts with paperwork and certificates. Those are important, but they do not always show whether someone can handle a real operational situation. Because COMPETIQ has been designed by people who understand life at sea, it can ask practical, role-specific questions and assess how candidates respond to them.

“The maritime industry is facing a serious crewing challenge. We need more people, but we also need the right people. AI, used properly, can help the industry recruit faster, more fairly and with greater confidence.”

The company says the COMPETIQ platform has been designed to help maritime employers shorten recruitment times while maintaining robust standards of verification and assessment. It allows experienced recruitment professionals to focus on selecting the best candidates, rather than spending valuable time processing large volumes of applications manually.

The World Yacht says the COMPETIQ could be particularly valuable for employers recruiting across global crew markets, where candidates may be based in different time zones and where speed, consistency and confidence in candidate information are increasingly important.

About The World Yacht

The World Yacht is a Glasgow-based maritime technology and innovation business. Founded 11 years ago by entrepreneur and former ship’s captain Vinil Gupta as a superyacht management company, the business now develops recruitment, training and operational tools for merchant shipping, yacht management and the wider maritime sector.

COMPETIQ live avatar interviewer recruitment platform has been developed for merchant shipping and maritime employers recruiting seafarers across global crew markets. The platform uses AI live avatar interviewers to conduct first-stage interviews, assess candidates against role-specific criteria, verify identity and qualifications, and provide recruiters with candidate reports and shortlists.

The Seafarer Workforce Report 2026 is published by BIMCO and the International Chamber of Shipping. It provides a global overview of the supply and demand balance for STCW-certified seafarers serving the world merchant fleet.

About XBoatLive.com
XBoatLive.com offers the world’s first GPT-based workboat code support. It allows operators to ask specific questions on Workboat Code Edition 3 and get precise answers, providing a practical digital tool for workboat owners and operators.

About AI VDR Auditor
The AI VDR auditor revolutionises voyage data recorder and navigation audits. What traditionally takes 4 weeks of manual work is now completed in minutes, giving shipowners rapid and thorough insights while they’re still onboard.

Το άρθρο New COMPETIQ, a live avatar interviewer recruitment platform, launched as merchant shipping faces growing officer recruitment crisis εμφανίστηκε πρώτα στο Maritimes.

The deployment, sailing onboard the 1360-guest Celestyal Discovery, marks a significant milestone for the cruise line with the programme including 14 maiden calls across the region.

The ‘Mediterranean Odyssey: Spain, Portugal & Morocco’ itinerary includes overnight stays in both Barcelona (Tarragona) and Lisbon, extended time in select ports and visits to lesser-known destinations.

The cruise will call at Malaga, Spain, with a late stay; Gibraltar; Casablanca, Morocco, with a late stay; Cadiz, Spain; Lisbon, Portugal, overnight; Tangier, Morocco; Valencia, Spain; Palma, Mallorca; Sète, France; and Barcelona (Tarragona), overnight. Prices start from € 1.069 pp.

The itinerary can be split as a seven-night voyage sailing either Barcelona (Tarragona) to Lisbon or Lisbon to Barcelona (Tarragona). Prices start from € 639 pp.

The Western Mediterranean programme will be complemented by two eight-night ‘Mediterranean Riviera’ repositioning voyages between Athens and Barcelona (Tarragona), allowing guests to sail between the Eastern and Western Mediterranean. Sailing from Athens, the cruise will call at Kusadasi, Turkey; Messina, Sicily; Naples, Italy; Civitavecchia, Italy, with a late stay; Nice, France; and Barcelona (Tarragona), Spain, including an overnight in the city. The return voyage will operate in reverse. Prices start from € 729 pp.

Guests can add the eight-night ‘Mediterranean Riviera’ sailing to the ‘Mediterranean Odyssey’ to create a 22-night voyage, or combine this with an existing four-night ‘Iconic Greek Islands’ sailing for a 26-night special voyage.

All fares include meals, soft drinks, WiFi, port fees and gratuities.

Lee Haslett, Chief Commercial Officer at Celestyal, said: “For more than a decade, we’ve become known for delivering authentic and immersive experiences across the Greek Islands and Eastern Mediterranean. The time is now right for us to expand west and bring that same philosophy to a new collection of destinations.

“Rather than simply visiting the headline ports, we’ve carefully designed these itineraries to showcase the true character of the Western Mediterranean. Alongside the overnight stays in Barcelona and Lisbon we’ve included hidden gems such as Sète and extended time ashore, allowing guests to connect even more with the destinations they visit.

“Whether guests choose a seven-night voyage between Barcelona and Lisbon, or our flagship 14-night Mediterranean Odyssey, they’ll experience the authentic Western Mediterranean through the eyes of a cruise line that has always placed destinations at the heart of the journey.”

For the 2026/27 winter programme, Celestyal Discovery will sail from her homeport in Athens to Barcelona on November 28, 2026. She will then operate two ‘Mediterranean Odyssey’, voyages before her return repositioning departing January 2, 2027.

For the 2027/28 winter programme, the first repositioning will depart Athens on November 19, 2027. The ship will then operate six ‘Mediterranean Odyssey’ voyages, before her return repositioning departing Barcelona (Tarragona) on February 19, 2028.

Sailings for the winter 2026/27 and winter 2027/28 seasons are available for booking from July 1, 2026.

The line recently confirmed the extension of its current Eastern Mediterranean season following the cancellation of the Arabian Gulf season for winter 2026/27.

Plans for winter 2027/28 on Celestyal Journey will be announced in due course.

About Celestyal

Celestyal,  an award-winning and year-round cruise company, continues to set the standard for unmissable travel experiences in the Greek Islands, the Adriatic, and the wider Mediterranean. Built on a foundation of unique Greek heritage, the company excels in delivering exceptional hospitality, ensuring genuine cultural immersion both onboard and onshore. Operating two extensively refurbished vessels, accommodating up to 1360 passengers each, Celestyal prioritizes highly personalised services, establishing a high-end environment that welcomes over 140,000 passengers annually from more than 130 different nationalities.

Το άρθρο Celestyal to go west with new Mediterranean Odyssey sailings εμφανίστηκε πρώτα στο Maritimes.

Athens, July 2, 2026. Artificial intelligence and cloud-native technologies have moved from innovation projects to operational priorities for shipping companies, according to Fleetwork following its participation in Posidonia 2026.

The Greek maritime technology company, developer of the first fully cloud-based maritime ERP platform built in Greece, reported strong interest from shipowners and operators seeking to modernize fleet management, streamline workflows and unlock greater value from operational data through AI-powered and cloud-native solutions. During Posidonia 2026, Fleetwork conducted more than 80 meetings with representatives from 50 shipping companies and received 15 requests for product demonstrations and follow-up discussions.

Discussions throughout Posidonia 2026 highlighted a clear shift in the industry’s digital agenda. Fleet operators are increasingly looking beyond traditional on-premises systems and fragmented software environments, prioritizing platforms that provide real-time visibility, seamless vessel-to-shore collaboration, automation capabilities and scalable infrastructure capable of supporting future operational requirements.

“One of the strongest messages from Posidonia was that digital transformation is no longer a strategic ambition for shipping companies—it is a business imperative,” said Giannis Sarris, Founder and CEO of Fleetwork. “More than 70% of the conversations we held during the exhibition focused on artificial intelligence, automation and cloud migration strategies, highlighting the industry’s growing appetite for smarter and more connected operational environments.”

As artificial intelligence emerged as one of the dominant themes across Posidonia 2026, significant attention was drawn to AI FleetVision, Fleetwork’s AI-powered assistant designed specifically for maritime operations. The solution helps automate routine administrative tasks, simplify access to critical information, enhance reporting capabilities and accelerate decision-making across fleet operations. Early adopters have reported up to 90% reduction in reporting preparation time and 100% faster access to operational information, helping teams improve efficiency and responsiveness.

Built on Amazon Web Services (AWS), Fleetwork’s cloud-native ERP platform provides an integrated environment covering maintenance, procurement, inventory, safety, accounting, finance, crew and operational management. In just 2 years from its launch, the platform supports more than 300 active users across 100+ vessels operated by 11 shipping companies in many countries.

Visitors also showed strong interest in Fleetwork’s mobile application, which enables users to monitor fleet activities, manage equipment, review operational data and approve critical tasks remotely. The company additionally demonstrated its customizable dashboard environment, delivering role-specific insights tailored to crew members, superintendents, procurement teams, finance departments and senior management.

The growing demand for intelligent automation, real-time operational visibility and flexible cloud infrastructure reflects a broader industry transformation that was evident throughout Posidonia 2026. As regulatory requirements increase and competitive pressures intensify, shipping companies are increasingly investing in technologies that enable faster, data-driven decisions and more efficient operations.

“We believe the future of fleet management will be defined by the convergence of cloud technology, artificial intelligence and operational intelligence,” added Sarris. “The conversations we had at Posidonia confirmed that shipping companies are looking for practical solutions that deliver measurable business value today while preparing them for the challenges of tomorrow.”

As the maritime sector continues its digital evolution, Fleetwork expects AI-assisted workflows, intelligent automation and cloud-native platforms to play an increasingly central role in shaping the next generation of fleet operations.

About Fleetwork

Fleetwork is a Greek maritime technology company founded in 2009 by a team of professionals with extensive expertise in shipping and technology. In 2025, the company evolved into the first fully cloud maritime ERP platform developed entirely in Greece, leveraging the full capabilities of Amazon Web Services (AWS) to deliver cloud services to shipping companies and vessels worldwide.

Designed exclusively for the maritime industry, Fleetwork’s modular cloud-based platform combines modern technologies with the power of data to deliver secure, reliable and user-friendly solutions for maritime operations management.

Fleetwork’s innovative approach and continuous growth have led some of Greece’s leading shipping companies to trust the platform for the management of their fleets and operational processes.

Το άρθρο Posidonia 2026 signals a tipping point for AI and cloud adoption in shipping, says Fleetwork εμφανίστηκε πρώτα στο Maritimes.

In a particularly warm and constructive atmosphere, the newly elected Board of Directors—resulting from the elections held on June 29th, 2026—marked the beginning of a new three-year term for the Club. Out of the 16 members of the Board, 10 had previously served as Governors in past terms, while 6 members are joining for the first time, combining valuable experience with fresh ideas and dynamism.

Danae Bezantakou received the highest number of votes with 414 votes. Having served for three consecutive terms as First Vice President and Secretary General, she now assumes the Presidency of the Propeller Club of Piraeus, becoming the first female President in the Club’s 91-year history, continuing her long-standing contribution and active engagement.

The new Executive Committee, unanimously elected for a three-year term, is composed as follows:

Mrs Danae Bezantakou

President: Danae Bezantakou
First Vice President: Christos Timagenis
Second Vice President: Dorothea Ioannou
Secretary General: Theofilos Xenakoudis
Treasurer: Panos Zafet
The remaining 11 Governors of the new Board of Directors, listed in alphabetical order, are:

Sifis Vardinoyiannis
Andreas Giakoumelos (*)
Giorgos Efstratiadis (*)
Giannis  Cotzias
Louiza Moschou (*)
Angeliki Xylaki (*)
Dimitris Patrikios
Konstantinos Stampedakis (*)
Filippos-Alexandros Tsangridis Panagopoulos (*)
Akis Tsirigakis
Maria Hadjioannou
(*) new members.

Statement by the new President of the Propeller Club of Piraeus, Danae Bezantakou:
“It is a great honor and a significant responsibility for me to assume the Presidency of the Propeller Club of Piraeus, a historic institution that has served the maritime industry for nearly a century, strengthened Greek-American relations, and promoted the values of cooperation, contribution, and extroversion.

I would like to sincerely thank the members of the Club for their trust, as well as all Governors for their unanimous support. This trust is both my greatest strength and my greatest commitment.

With respect for the valuable legacy of past administrations—and especially the Presidency of Costis Frangkoulis, next to whom I had the honor and privilege to serve for seven years on the Executive Committee—and with confidence in the new leadership team that combines experience and new ideas, we aim to open a new, creative chapter.

I firmly believe that the greatest strength of any organization lies in its people. Together with our members, partners, and supporters, we aim to further strengthen the role of the Propeller Club of Piraeus as a point of reference for both the Greek and international maritime community. I look forward to working with everyone for a dynamic and extroverted three-year term.”

Danae Bezantakou, Costis J. Frangoulis

Statement by outgoing President of the Propeller Club of Piraeus and International President of the International Propeller Club, Costis J. Frangoulis:
“Today is a historic day for the Propeller Club of Piraeus, with a woman at the helm for the first time in our 91-year history. My warmest congratulations to the new President, Danae Bezantakou, as well as to all members of the new Board of Governors on their election.

Danae has been a close partner throughout the years, and I know firsthand her deep love for the Club. I am confident she will serve it with the same dedication and passion, and lead it into the next chapter of its history.

The Propeller Club has been a very significant part of my life and will continue to be. From my position as International President, I remain committed to supporting the Propeller Club of Piraeus in every effort that strengthens its international role and promotes our maritime industry worldwide.”

Το άρθρο The New Board of Directors of the Propeller Club of Piraeus Has Been Formed – Danae Bezantakou Appointed Chairwoman εμφανίστηκε πρώτα στο Maritimes.

Geoje and Helsinki, 30 June 2026 – NAPA, the global provider of maritime software and data services, has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI), one of the world’s leading shipbuilders and a pioneer in advanced, eco-efficient vessel, smart ship and autonomous technologies.

The two companies plan to jointly conduct performance analysis based on actual operational data for vessels equipped with Samsung Heavy Industries’ wind-assisted propulsion device, the ‘SAVER Wing’. The SAVER Wing is a rigid two-element wing sail installed on the deck of a vessel. It is an eco-friendly propulsion system that generates additional thrust by utilizing wind energy. By applying the aerodynamic principles of aircraft wings, the system converts wind energy into forward thrust, thereby reducing the engine power required for propulsion and contributing to lower fuel consumption and carbon emissions.

By modelling the performance of this vessel design in the specific voyage and weather conditions they will operate, based on actual operational data, SHI can offer shipowners more accurate efficiency projections that go beyond standard design-stage assumptions. This provides shipowners with earlier, tailored insight for better informed decarbonization planning and investments.

The MoU also outlines SHI’s aims to integrate NAPA Voyage Optimization into its Samsung Autonomous Ship (SAS) platform, embedding fuel-efficient routing directly into how its vessels are operated. NAPA Voyage Optimization is a decision-support tool that empowers ship operators to plan and adjust voyages for maximum efficiency, safety, and regulatory compliance. This integration with SAS would mean the same quality of insight that informed a vessel’s design continues to guide how it is operated, helping owners and crews realize the full efficiency potential of the vessel. Crews can simulate and assess various routes and speed profiles, dynamically adjusting the vessel’s course to harness favorable wind conditions, helping maximize fuel savings and minimize emissions.

At the same time, SHI plans to use NAPA’s ‘Operational Simulation’ to implement digital twins of all ship equipment and predict the actual performance of the ship, enabling efficiency verification from the initial stage of design.

This MoU builds on a joint project already underway between NAPA and SHI which started in May 2026, focused on SHI’s SAVER Wing designs. That work gave SHI direct experience of what NAPA’s solutions can deliver and forms the practical foundation for the MoU’s broader, multi-year framework.

Hyun Joe Kim, Executive Vice President at Samsung Heavy Industries, said: “Our customers are under more pressure than at any point in my career. They need vessels that will remain competitive and compliant for the next 25 years, and they need confidence in the efficiency data before they sign the contract. Being able to model a specific design against real operating conditions, early in the process, is a genuine advantage. We chose NAPA because they have the tools, design expertise and data legacy to do this well.”

Pekka Pakkanen, Executive Vice President, Shipping Solutions, at NAPA, said: “Shipowners are being asked to make multi-million, multi-year capital commitments without enough information on what this investment actually looks like. With this partnership, SHI will be able to answer shipowners’ questions and show exactly how their SAVER Wing solution will perform at sea. That bridge between design and operations is what shipowners have needed, and working with SHI gives us the best possible platform to provide that.

“NAPA has done a lot of work in quantifying and modelling the benefits of combining voyage optimization with wind-assisted propulsion. What we are doing differently with SHI is outlining those benefits much earlier at the design stage.”

About NAPA
NAPA is a leading provider of software and digital services for the global maritime industry, harnessing data science to enable safer, more sustainable and future-proof shipping. Founded in 1989 to provide smart solutions for ship design, NAPA is now the global reference in shipbuilding, with over 90% of new vessels built by NAPA customers. Today, the company’s expertise spans the entire lifecycle of a ship, from shipyard to sea, covering design, operational safety and efficiency. Over 3,000 commercial ships globally sail with NAPA safety and efficiency solutions, which include digital ship stability systems that enable a proactive approach to safety at sea, cloud-based performance monitoring that delivers insights to unlock new operational efficiencies, and voyage optimization solutions that help reduce greenhouse gas emissions from voyages. Headquartered in Finland, NAPA employs over 230 experts and operates globally, with a presence in Japan, Korea, China, Singapore, the USA, Germany, Greece, Romania and India.

About Samsung Heavy Industries
Samsung Heavy Industries Co., Ltd. is one of the world’s leading shipbuilders, headquartered in Seongnam, Korea. The company specializes in eco-friendly ship design, smart ship solutions, and autonomous vessel technologies, including wind-assisted propulsion and the Samsung Autonomous Ship (SAS) platform.

Το άρθρο NAPA and Samsung Heavy Industries partner to advance fuel-efficient ship design and operations εμφανίστηκε πρώτα στο Maritimes.

During the meeting, the agenda items were presented in detail, along with the Company’s financial and operational performance, reflecting the successful implementation of its long-term growth strategy.

The General Meeting approved, by a broad majority, all agenda items, including the Annual Financial Statements and the distribution of a dividend for the 2025 fiscal year (1 January 2025 – 31 December 2025). Following the recommendation of the Board of Directors, the gross dividend was set at €1.896 per share.

According to the 2025 Annual Financial Report, total revenue amounted to €250.8 million, representing an increase of 8.6%, or €19.9 million, compared to 2024. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached €132.3 million, up 2.2%, while net profit after tax amounted to €86.2 million, recording a marginal decrease of 1.5%.

These results represent the strongest revenue and EBITDA performance in the Company’s history. confirming the Company’s sustained growth trajectory for the fifth consecutive year and the continued strength of its operational and financial performance.

The Chairman of PPA S.A., Mr. Han Chao, expressed his gratitude to the shareholders for their trust and continued support. He also acknowledged the contribution of the Company’s Management and employees, whose dedication and professionalism have been instrumental in achieving these outstanding results.

In his statement, Mr. Han Chao noted: “The steady upward trajectory of PPA S.A., as reflected in the Company’s financial performance over recent years, confirms the effectiveness of our strategy for the comprehensive upgrade of the Port of Piraeus. Through targeted investments, best management practices and the continuous enhancement of our services, we are strengthening Piraeus’ position as a leading transshipment and commercial hub in the Mediterranean and Europe. At the same time, we remain firmly committed to the principles of sustainable development, investing in initiatives that create long-term value for society, the environment and the local economy. Our goal is to build a modern, resilient and competitive port well positioned for future generations.”

About PPA S.A.
Piraeus Port Authority SA, a Euronext Athens listed company, is engaged in the management and operation of Piraeus Port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to society.

PPA holds the ”ECO PORT” PERS status, is included in the Euronext Athens ESG index and is one of the “Most Sustainable Companies in Greece 2026”.

For more information please visit https://olp.gr

Το άρθρο PPA S.A.: Successfully Holds Annual General Meeting – Gross Dividend of €1.896 per Share Approved εμφανίστηκε πρώτα στο Maritimes.

The SELPE delegation was welcomed by PPA S.A.’s Deputy Chief Executive Officers, Mr. Angelos Karakostas and Mr. Panagiotis Tsonis. Discussions focused on port operations and the efficient management of cargo flows. Both parties also exchanged views on recent developments in transportation, logistics, supply chain management, and the retail sector.

The SELPE representatives were briefed on the operational capabilities and modern infrastructure of the Port of Piraeus, which plays a strategic role as a key hub for Greece and the wider Southeastern European region.

The visit also included a guided tour of the port’s key operational areas, during which participants were introduced to the port’s facilities, operational procedures, and services that support efficient cargo handling and supply chain operations.

The visit took place in a particularly positive atmosphere and reaffirmed the importance of ongoing collaboration, aiming to strengthen competitiveness, promote international outreach, and foster the sustainable development of the Greek economy.

About PPA S.A.
Piraeus Port Authority SA, a Euronext Athens listed company, is engaged in the management and operation of Piraeus Port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to society.

PPA holds the ”ECO PORT” PERS status, is included in the Euronext Athens ESG index and is one of the “Most Sustainable Companies in Greece 2026”.

For more information, please visit https://olp.gr

Το άρθρο PPA S.A.: Delegation of SELPE Visits Piraeus Port Authority εμφανίστηκε πρώτα στο Maritimes.

After nine years serving on the Board of the Propeller Club, Port of Piraeus, including seven years as President over three consecutive terms, I feel nothing but gratitude.

Before anything else, I would like to thank my fellow Governors, with whom I had the privilege of serving throughout these years. Whatever we achieved was the result of teamwork, shared commitment, and a common vision.

My heartfelt thanks also go to every member of our Club for the trust you placed in me. Together, we transformed the Port of Piraeus into the largest Propeller Club in the world and a point of reference within our international network. More importantly, we built a Club defined by friendship, participation, and a shared sense of purpose.

While this chapter comes to an end, my commitment to the International Propeller Club continues through my service as International President. I look forward to continuing to serve our global Propeller family with the same passion and dedication.

Thank you all for one of the greatest honors of my life.

Το άρθρο Costis J. Frangoulis: Today marks the end of an unforgettable chapter. εμφανίστηκε πρώτα στο Maritimes.

The speakers unanimously agreed that shipping is too critical to remain underrepresented in public discourse, yet its complexity often makes it difficult for the public to fully understand. Particular emphasis was placed on the human element of shipping and the industry’s unwavering commitment to safety, both at sea and ashore.

While different views were expressed regarding how outward-facing the industry should become, all speakers agreed that shipping inevitably comes under intense public scrutiny during times of crisis. At such moments, companies must be prepared with clear communication strategies to ensure that accurate and balanced messages reach stakeholders, policymakers, and the wider public.

The discussion also highlighted the importance of attracting the next generation of maritime professionals. Speakers stressed the need for greater engagement with schools and educational institutions to showcase the wide range of career opportunities available across the maritime cluster. Social media was recognised as a valuable tool for reaching younger audiences, although speakers cautioned that it should be used thoughtfully and responsibly.

A further area of discussion concerned public perceptions of shipping’s environmental footprint. Speakers noted that misconceptions among both the public and regulators have at times influenced policy debates and emphasised the importance of the industry working collectively to present accurate data, promote informed discussion, and advocate for evidence-based decision-making.

The seminar concluded with a shared recognition that effective communication is becoming increasingly important for the future of shipping. Beyond the insights exchanged, the event also served as a reminder of the strength of WISTA itself. The fact that all speakers were members of the Association highlighted the collective knowledge, experience, and commitment that enable WISTA to contribute meaningfully to discussions on issues of strategic importance to the maritime sector. By opening the discussion to the wider maritime community, WISTA Hellas sought to further its mission of promoting dialogue, education, and collaboration across the industry.

WISTA Hellas extends its sincere thanks to the speakers and the moderator, as well as the participants, sponsors, supporters and hosts who contributed to the success of the event.

Το άρθρο WISTA Hellas Seminar Explores Whether Shipping Should Speak More Openly to Society εμφανίστηκε πρώτα στο Maritimes.