What the Maersk breach of 11 November, three tanker incidents since August and a 38-company vendor leak mean for Greek shipowners”, at the following link:

THE-INHERITED-DOOR-—-CYBERPAX-SEA-GUARDIAN-EDITION

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Madrid, 13 November 2026. PR – The 16th edition of the International Cruise Summit (ICS), organised by Cruises News Media Group and held in Madrid on 10 and 11 November, brought together cruise lines, ports, destinations and suppliers from around the world, as well as a large group of Spanish travel agents, to discuss the key challenges facing an industry that continues to grow sustainably and carried 37 million passengers worldwide in 2025.

In Europe, the cruise industry supports 445,000 jobs and contributes €28.3 billion to GDP. Moreover, up to 60% of cruise passengers return to a destination they first visited on a cruise for a longer stay, so the benefit of each port call to the local and regional economy extends well beyond the day of the visit. Even so, a growing number of local governments are pushing for tourist taxes that could put future calls at risk.

Leonardo Massa, Vice President Southern Europe of MSC Group’s Cruise Division, stressed the industry’s full willingness to work with local authorities on managing visitor flows: “No other sector of tourism can say two years in advance on what day, at what time and how many people will be at a place they are visiting, as we in cruising can.” This ability to forecast is a huge advantage when it comes to managing tourism responsibly.

Collaboration between destinations and cruise lines was precisely the focus of the Great Debate. Now in its second edition, it examined whether the future growth of cruising depends on closer alignment between the two, with the participation of Marella Cruises, Fred. Olsen Cruise Lines, Copenhagen Malmö Port and the Port Authority of Valencia.

It is also a resilient industry, able to adapt quickly to geopolitical change. Following the outbreak of the conflict in the Middle East, cruise lines have chosen to redeploy their ships to the Mediterranean in winter, and also to Northern Europe, a destination that is growing again after the slowdown it suffered at the start of the war in Ukraine.

Beyond geopolitical and tax changes, the sector continues to evolve along several clear trends: the development of private destinations on islands in the Bahamas and the Caribbean, and the boom in luxury and ultra-luxury cruising driven by hotel brands. Both topics had their own sessions at the ICS: Carnival Cruise Line and Azul Destinations analysed the private destination model, while The Ritz-Carlton Yacht Collection, Aman at Sea, Silversea and Oceania-Regent Seven Seas debated who will win over the ultra-luxury guest. Many speakers and delegates predicted that private destinations will also emerge in Europe within the next ten years.

Virginia López Valiente, CEO of Cruises News Media Group, interviewed Samantha Stimpson, CEO of Fred. Olsen Cruise Lines, which focuses mainly on the British market. Beyond her executive role, Stimpson revealed a more personal side and looked back on a career that began in her family’s travel agency.

López Valiente also spoke on stage with Omar Al Jaber of Qatar Tourism, who outlined the organisation’s plans to revive the sector once the conflict in the region comes to an end. Meanwhile, Dr Anas Rakha of the Suez Canal Authority quantified the economic and environmental cost to the maritime sector of sailing around Africa instead of reaching the Mediterranean through the canal, and offered the cruise lines in attendance a significant reduction in fees.

The programme also featured presentations from Japanese cruise line Asuka Cruise and French brand Club Med, with its sailing cruises.

Artificial intelligence is increasingly present across all professional fields, and the cruise industry is no exception, although its application is still at an early stage. Its use in travel planning is becoming established, and AI tools were presented at the ICS that allow each traveller to find plans and products tailored to their preferences.

In this regard, cruise lines expressed concern about ensuring that passengers receive accurate information, as AI tools sometimes draw it from forums, review websites and other sources that may be outdated or contain errors. They are therefore working to ensure that AI has access to the most reliable information possible.

The organisers have already announced the dates for the next edition: ICS 2027 will take place on 16 and 17 November at the Hotel Meliá Castilla in Madrid.

CRUISES NEWS MEDIA GROUP – INTERNATIONAL CRUISE SUMMIT 2026

MADRID, 10 and 11 November. Hotel Meliá Castilla. Madrid

Information: www.internationalcruisesummit.com

Contact: ics@internationalcruisesummit.com

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Beyond the finish line, what matters most is the shared experience: the encouragement, the determination, the smiles, and the satisfaction of achieving something together.
Congratulations to all our colleagues who participated, bringing their energy, enthusiasm and team spirit to this year’s event!

Well done, Team PCT!

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12th November 2026: IACS, the membership organisation for the world’s leading classification societies, has published a new Recommendation on gas dispersion analysis, marking a further significant contribution in its support of the safe decarbonisation of the maritime industry. The new guidance provides information on the best practices and requirements for carrying out gas dispersion analysis for Ships using gaseous fuels such as Ammonia and Hydrogen.

Rec.202 is another significant deliverable from the IACS Safe Decarbonisation Panel and draws on several years of technical work and engagement with fuel manufacturers, technology providers, shipowners, shipbuilders, marine insurers and flag States.  It provides a critical technical framework to support the safe use of alternative fuels such as ammonia and hydrogen, helping the maritime industry transition responsibly toward cleaner energy solutions.

Recognising that the International Code of Safety for Ships Using Gases or Other Low-Flash-point Fuels (IGF Code) does not currently provide prescriptive requirements to address the hazards presented by alternative low or carbon-free alternative fuel options such as Ammonia, Hydrogen, etc., the IMO has developed interim guidelines for these fuels, including provisions for risk assessment and gas dispersion analysis. IACS’s Rec.202 supports this regulatory framework by providing detailed technical guidance for industry, IMO and other key stakeholders.

Key highlights and benefits of Rec.202 include:

Clear, Harmonized Best Practices for gas dispersion analysis

The Guidelines establish harmonized best‑practice requirements for modelling flammability, toxicity, and gas‑dispersion hazards, ensuring a consistent and transparent basis for risk assessment across ship designs and fuel systems. By promoting a common technical understanding among IACS members, Flag Administrations, and industry stakeholders, they enhance confidence, support regulatory alignment, and enable the safe and effective deployment of alternative fuels

Robust Expectations for Modelling Quality and Competency

By specifying expectations for modeller competency, model validation, environmental conditions, and scenario selection, the guidelines strengthen the reliability and credibility of gas dispersion studies submitted to IACS members and Flag Administrations.

Strengthening risk-based design and decision-making

The Guidelines ensure that gas‑dispersion results are effectively integrated into ship design-informing decisions related to vent mast location, hazardous area classification, gas detection placement, ventilation design, and emergency planning, ultimately enhancing safety for crews and ships.

Commenting on the publication of Rec.202, Robert Ashdown, the Secretary General of IACS said: “When IACS established its Safe Decarbonisation Panel in 2022, it explicitly recognised that some tasks would require joint working with flag States, industry bodies and others in order to deliver safe, responsible pathways for shipping’s decarbonisation, and a framework to facilitate such cooperation was devised.  Rec.202 constitutes the first output arising from such a joint undertaking. It highlights how successful cooperation and coordination can result in outputs that advance the broader decarbonisation objectives of the industry and underpin other initiatives at IMO and elsewhere.”

For full details on Rec.202, please visit here.

About IACS
Dedicated to safe ships and clean seas, the International Association of Classification Societies (IACS) makes a unique contribution to maritime safety and regulation through technical support, compliance verification and research and development. More than 90% of the world’s cargo carrying tonnage is covered by the classification design, construction and through-life compliance Rules and standards, including Unified Requirements, set by the twelve Member Societies of IACS.

More information about IACS can be found by visiting www.iacs.org.uk and in our Annual Review available online at https://iacs.org.uk/about-us/annual-review.

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The China International Import Expo is one of the world’s leading international trade events, bringing together companies, organizations and representatives of business communities from across the globe. PPA’s participation formed part of the Company’s broader international outreach strategy, contributing to the strengthening of its global presence and promoting Piraeus Port as a major gateway and transshipment hub for the wider region.

The central theme of PPA’s exhibition stands focused on this ten-year journey, highlighting the transformation of the Port of Piraeus into a modern, competitive and internationally recognized port hub, with an important role in global trade, maritime transport and the international supply chain.

PPA’s presence at CIIE provided a valuable opportunity to promote the Port of Piraeus on the international stage and showcase its strategic role in connecting Asia with Europe and the Mediterranean. It also facilitated networking, the development of new business relationships and the exploration of potential partnerships, further strengthening the Company’s engagement with the international business and maritime sectors.

With continued focus on upgrading its infrastructure and services, enhancing its competitiveness and generating added value for the Greek economy, PPA S.A remains committed to further strengthening Piraeus’ position as a leading international port and logistics hub.

About PPA S.A.
Piraeus Port Authority SA is an Athens Stock Exchange listed company 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 the society.

PPA holds the ”ECO PORT” PERS status, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2024”.

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

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The Panama Canal Authority (ACP) confirmed that an additional booking slot for super-category vessels at the original panamax locks would increase their daily allocation from 18 to 19. Total availability now stands at 24 slots through the panamax locks and 10 through the larger neopanamax locks, up from a combined 33 previously.

The maximum neopanamax draft has meanwhile increased from 49 ft to 50 ft (15.24 m), effective immediately and until further notice.

The latest relaxation follows the recovery in Gatun Lake levels. Data compiled by Ursa Shipbrokers showed Gatun Lake averaged 85.80 ft (26.15 m) during October, just 0.15 ft below its historical average and more than 6 ft higher than during the drought-stricken October of 2023. Rainfall across the canal watershed during the first 29 days of October was 8.4% above the 30-year average and 83.6% greater than the corresponding period three years ago.

The turnaround is particularly striking given the dire outlook during August, when weak rainfall and a strengthening El Niño forced authorities to slash daily booking capacity to 32 vessels and impose tighter draft restrictions. The restrictions had driven competition for guaranteed passages to extraordinary levels, with Splash reporting a record $5.3m auction payment by an LPG carrier for a September transit.

The ACP cautioned that advance reservations remain essential, with unbooked vessels potentially facing significant delays.

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The Maritime Electrification Breakthrough Goal, launched yesterday in Antalya by the Environmental Defense Fund (EDF) and RMI, has attracted support from organisations including the Port of Long Beach, Zero Emission Maritime Buyers Alliance (ZEMBA) and Maritime Battery Forum.

The target equates to approximately two exajoules, or 556 terawatt-hours, of electricity annually — equivalent to more than a year’s electricity consumption in France — underlining the enormous investment in power generation, port infrastructure and charging facilities that would be required.

More than 1,600 electric and hybrid vessels are already operating worldwide, according to Maritime Battery Forum figures cited by the coalition.

Research highlighted in the initiative suggests vessel segments representing around 30% of maritime energy consumption could be technically electrified by 2030, with electrification potentially economically attractive for 90% of that technically suitable fleet.

The coalition is calling for greater investment in port electricity infrastructure, power grids and renewable generation, alongside stronger regulatory incentives from the International Maritime Organization.

However, the target remains voluntary, with delivery dependent on coordinated investment by shipowners, ports, utilities and governments.

The initiative forms part of COP31’s wider ambition to increase electricity’s share of global final energy demand to 35% by 2035. Its launch comes ahead of renewed IMO negotiations later this month over the organisation’s proposed Net-Zero Framework, with discussions scheduled to resume in London on November 23.

splash247.com

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Breakwave+Dry+November+10+2026+Report

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October’s secondhand market showed a clear shift towards tankers, despite little change in overall activity. A total of 168 vessels changed hands, unchanged year on year and 2% above September. Tanker sales rose 61% to 82 vessels, while dry bulk sales fell 30.5% to 57. Tankers accounted for 49% of all transactions, compared with 34% for dry bulk, with their gains offsetting fewer sales elsewhere.

Disclosed investment across all sectors reached approximately US$4.7bn, below September’s US$6.6bn. Tankers attracted US$2.9bn, compared with US$1.1bn for dry bulk and US$0.7bn for other vessels. Their share was approximately 62% of total capital, rising to 73% within dry bulk and tankers alone. The stronger tanker weighting therefore accompanied a monthly decline in aggregate spending.

Through October, total sales reached 1,481 vessels, up 17% year on year. Dry bulk retained the larger count, with 644 sales against 572 tankers, but tanker purchases grew 68%, compared with 7% for dry bulk. Tankers also attracted US$20.8bn of the US$32.1bn disclosed across these two sectors, versus US$11.3bn for dry bulk.

Greek and Chinese buyers followed different patterns. Within dry bulk and tankers, Greek buyers purchased 16 ships in October, evenly split between the sectors; Chinese buyers purchased 12, comprising nine bulkers and three tankers. Over January–October, Greek capital favoured tankers, at US$4.5bn against US$2.1bn in dry bulk. Chinese investment was concentrated in dry bulk, at US$2.5bn versus US$0.6bn in tankers. Chinese capital was also more weighted towards older vessels, while Greek buyers showed a younger dry bulk mix.

The overall picture is one of continued investment with the strongest expansion in tanker buying. Dry bulk remains active, but October’s weaker turnover points to a less uniform market. Whether this tanker concentration persists will depend on freight expectations and operating conditions; aggregate spending alone cannot establish rising values for comparable ships.

We invite you to explore the attached report for a closer look at October’s investment trends, including monthly and year-to-date comparisons, Greek and Chinese buying activity, vessel size and age profiles, and transaction-price disclosure.

Allied Monthly Secondhand Investment Trends 10 2026

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In this newly created role, Apostolos will lead the establishment and development of Wallem’s Greece office, driving the growth of its ship management presence in the market. His priorities will include developing new business, strengthening relationships with Greek ship owners and expanding Wallem’s service offering to clients.

Apostolos brings more than 35 years of international maritime industry experience. He began his career as a Marine Engineer before joining Lloyd’s Register, where he spent 25 years progressing from Marine Surveyor to senior international leadership positions, including leading the business in Greece and Europe.

He subsequently held senior executive positions, including Chief Operating Officer and Chief Executive Officer, respectively with established Greek shipping companies Eletson Corporation and Aegean Shipping Management, gaining extensive experience in ship management, fleet operations and corporate strategy.

More recently, Apostolos held a senior leadership role with Ocean Technologies Group/OneOcean, focusing on maritime digital solutions, commercial development and strategic customer relationships.

On Apostolos’ appointment, John Rowley, CEO, Wallem Group, said, “I’m delighted to welcome Apostolos to Wallem Group in this important role as we strengthen our presence and grow our business in Greece, in line with our stated strategy to focus on this growth market. He brings over 35 years of international maritime industry experience across ship classification, ship management, and maritime technology, together with a strong commercial and strategic background. His extensive network among Greek ship owners, ship managers and senior decision makers will be invaluable as we build our presence in this important maritime market.”

Apostolos said, “I am delighted to join the Wallem Group at an exciting time for the company. With its long-standing reputation, global capabilities and commitment to quality ship management, I see significant opportunities to strengthen existing relationships and develop new partnerships with shipowners and industry stakeholders, both in Greece and internationally. I look forward to contributing to Wallem’s continued growth and success.”

newly created role, Apostolos will lead the establishment and development of Wallem’s Greece office, driving the growth of its ship management presence in the market. His priorities will include developing new business, strengthening relationships with Greek ship owners and expanding Wallem’s service offering to clients.

Apostolos brings more than 35 years of international maritime industry experience. He began his career as a Marine Engineer before joining Lloyd’s Register, where he spent 25 years progressing from Marine Surveyor to senior international leadership positions, including leading the business in Greece and Europe.

He subsequently held senior executive positions, including Chief Operating Officer and Chief Executive Officer, respectively with established Greek shipping companies Eletson Corporation and Aegean Shipping Management, gaining extensive experience in ship management, fleet operations and corporate strategy.

More recently, Apostolos held a senior leadership role with Ocean Technologies Group/OneOcean, focusing on maritime digital solutions, commercial development and strategic customer relationships.

On Apostolos’ appointment, John Rowley, CEO, Wallem Group, said, “I’m delighted to welcome Apostolos to Wallem Group in this important role as we strengthen our presence and grow our business in Greece, in line with our stated strategy to focus on this growth market. He brings over 35 years of international maritime industry experience across ship classification, ship management, and maritime technology, together with a strong commercial and strategic background. His extensive network among Greek ship owners, ship managers and senior decision makers will be invaluable as we build our presence in this important maritime market.”

Apostolos said, “I am delighted to join the Wallem Group at an exciting time for the company. With its long-standing reputation, global capabilities and commitment to quality ship management, I see significant opportunities to strengthen existing relationships and develop new partnerships with shipowners and industry stakeholders, both in Greece and internationally. I look forward to contributing to Wallem’s continued growth and success.”

About Wallem

Wallem Group is a leading provider of technology-driven maritime services, offering the complete lifecycle of a vessel from newbuilding supervision to end-of-life recycling guidance. Wallem’s extensive portfolio includes asset management, crewing, training, ship management, safety and compliance management and agency services.

As one of the largest and most experienced solutions providers globally, Wallem offers world-class support to shipowners by bringing its customer-centric and transparent approach to all aspects of fleet operation. Wallem combines technology and forward-thinking to deliver safety, technical, and commercial performance without compromise. Wallem believes in collaboration to foster innovation in meeting future needs.

Wallem operates globally with a shore-based team of 600 people and over 6,000 highly qualified seafarers, serving nearly all vessel segments.

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