Greek Shipping News Cuts
Week 43 - 2009


Hellenic's fate uncertain as deal on subs inches forward

---The fate of Hellenic Shipyards remains in doubt though Greece and the yard's German owners have moved closer to solving a long-running dispute over the delivery of submarines to the Greek Navy. Reportedly owed $520m by the Greek state, the German owners, ThyssenKrupp Marine Systems said mid month they will quit the Skaramanga-based yard October 31.
Defense minister Evangelos Venizelos held talks October 20 with TMS executive president and ceo, Christoph Atzpodien, in a bid to resolve the issue of the four submarines, and sources report some headway was made. Problems arising from the order for four U214 submarines and the upgrading of three Class 209-type units have soured relations between the two countries in recent years somewhat.
Greece refused to take delivery of the U214-type subs ordered between 2001 and 2005, the first built in Kiel Germany and the three subsequent subs built in Hellenic, citing technical problems with the diesel-electric submarines. The first unit, the Papanikolis, has been docked in Kiel since 2006.
A TMS spokesperson said "there is no plan to close down Hellenic" as "we are engaged in constructive talks" but the yard's md Akio Ito has told workers' representatives their wages and other payments will cease October 31 and that "Greece is no longer a priority for the German [ThyssenKrupp] group as it cuts its activities outside of Germany". Steelmaking giant ThyssenKrupp recently sold a large chunk of the company's shipbuilding business -- the famous Blohm + Voss operation -- to an investor from Abu Dhabi, the MAR Group. A new jv will be established to specialise in the building of military vessels, the forte of Hellenic.
Closure of Greece's largest yard loomed in September when Hellenic announced it has stopped all contracts held by it for the Greek state, thus halting the Greek navy's fleet renewal programme.
Hellenic charges "the Greek state is not meeting its obligations" and as a result "the operation of the shipyard is not commercially viable". Mid-September the yard's management told workers the yard's commercial activities will be closed because of pressure and fines imposed by the European Union. Hellenic and TMS charge the Greek state is also responsible for the EU efforts action. The EC has ruled state aid worth Euro 230m ($363m) has to be paid back, contending it was granted illegally as the cash gave the yard an unfair commercial advantage over rivals.
Jobs of some 1,400 employees, plus those of workers employed by Hellenic's subcontractors, are involved. The Greek state is said to owe Hellenic approx $300m and its previous owner, Germany's HDW, another $250m.
Venizelos and Atzpodien are reported to have reached an agreement on the Papanikolis. A third country is said to be interested in buying the submarine and the two sides agree this would be the best way forward. The two have also agreed that if the technical problems can be ironed out, which Hellenic and TMS say is the case, Greece will accept delivery of the remaining Hellenic-built submarines.
However, sources say TMS seems determined to leave Hellenic, even if it means handing the shipyard back to the Greek government.
-- Filed: 2009-10-21

Hellespont expands into Singapore
(Oct 23 2009). Hamburg-based Hellespont group has expanded its operations by forming a new company in Singapore.
Phrixos Papachristidis, managing director of Hellespont AG & Co KG, the parent company of the German-based Hellespont ship management and marine services group, explained; "In the future we expect to expand the company there to provide third party management to other operators, not just in the offshore service vessel field, but also in our other areas of expertise with tankers, chemical tankers and bulk carriers."

MSC ends Piraeus contract
Friday, 23 October 2009. Mediterranean Shipping Co has ended its long-running contract with the Greek port of Piraeus. The container line had been widely expected to make the move since the port awarded a 35-year box handling concession to Cosco Pacific earlier in the year and it is widely thought that MSC will now renegotiate a similar deal with the Chinese firm. Piraeus has been plagued by labour unrest following the signing of the Cosco deal.

Ship Operator Pleads Guilty for Concealing Pollution from Oil Tanker
Panamanian Company will pay $1.25 Million for Vessel Pollution Crimes
WASHINGTON, Oct. 21 /PRNewswire-USNewswire/ -- A Panamanian company that operated a 40,000-ton oil tanker ship that regularly made calls in multiple ports in Texas pleaded guilty today in federal court in Houston for deliberately concealing pollution discharges from the ship directly into the sea, the Justice Department announced.
Styga Compania Naviera S.A., the operator of the M/T Georgios M, pleaded guilty to three felony violations of the Act to Prevent Pollution from Ships for failing to properly maintain an oil record book as required by federal and international law.
According to a plea agreement filed with U.S. District Court for the Southern District of Texas, the company has agreed to pay a $1 million criminal fine along with a $250,000 community service payment to the congressionally-established National Marine Sanctuary Foundation. The money will be designated for use in the Flower Garden and Stetson Banks National Marine Sanctuary, headquartered in Galveston, Texas, to support the protection and preservation of natural and cultural resources located in and adjacent to the sanctuary.
"Stopping the illegal pollution from ships continues to be a priority for the Department," said John C. Cruden, Acting Assistant Attorney General for the Justice Department's Environment and Natural Resources Division. "As long as companies continue to bypass this nation's environmental laws, the department will continue to bring cases and seek justice for those involved."
"This case clearly demonstrates the Coast Guard's commitment to work with our interagency partners to aggressively enforce all maritime anti-pollution and safety of life at sea laws. The breadth and magnitude of the investigation that underpinned the charges brought forth is a testament to the dedication of all persons who were involved in resolving this matter including the Coast Guard Investigative Service, the Environmental Protection Agency, and the U.S. Department of Justice," said Rear Admiral Mary Landry, Eighth District Coast Guard commander.
"The seas must be protected and commercial vessels must operate safely and lawfully," said Paula D. Brown, Acting Special Agent in Charge for Environmental Protection Agency's Criminal Investigation Division in Houston. "Those who use the oceans or our waters as dumping grounds for waste oil and sludge will be vigorously prosecuted."
According to the joint factual statement, from December 2006 until February 2009, senior engineering officers and crewmembers acting on behalf of Styga installed a bypass pipe known as a "magic pipe" in order to avoid the pollution control equipment on-board the ship. The senior engineers then directed junior engineers to connect the so-called "magic pipe" and deliberately discharge sludge and oily waste directly into the ocean.
Federal and international law requires that all ships comply with pollution regulations that include the proper disposal of oily water and sludge by passing the oily water through a separator aboard the vessel or burning the sludge in the ship's incinerator. Federal law also requires ships to accurately record each disposal of oily water or sludge in an oil record book, and to have the record book available for the U.S. Coast Guard when the vessel is within the waters of the United States. The Georgios M often called on ports in Corpus Christi, Texas City, Freeport, and Houston, Texas while engaging in the international oil trade.
According to court documents, the engineers knowingly failed to make the required entries into the oil record book including the fact that sludge and oily waste had been discharged directly into the ocean using the "magic pipe" and circumventing the internationally required pollution control equipment. The senior engineers also made false entries in the oil record book to conceal the fact that the pollution control equipment had not been used. The crewmembers then attempted to conceal the discharges on Feb. 19, 2009, during a Coast Guard boarding at the port in Texas City, by providing the falsified oil record book to the boarding crew.
The investigation was conducted by the Coast Guard Marine Safety Unit Texas City, Texas; Coast Guard Investigative Service in Houston, and the Environmental Protection Agency Criminal Investigation Division in Houston. The case is being prosecuted by the Justice Department's Environmental Crimes Section.
SOURCE U.S. Department of Justice

What about pride and recognition?
---A lack of interest by the US authorities in meeting a 'rehabilitated' environmental offender mocks the seriousness of a shipowner's undertaking.
Greek shipowner Kassian Maritime Navigation is a name well enough known in the industry, an offshoot of the AG Papadakis organisation that has been around for over half a century.
But we might well abbreviate Kassian to "K", in honour of its Kafkaesque encounters with US law enforcement.
These transactions, as documented in copious recent legal filings in a Florida court, have been all too much like the frustrations of the monoliteral hero-victim of a Kafka novel or parable - a person who feels the need to vindicate himself, who spends years beating on the door of his accuser trying to get himself properly judged - only to perish from malign neglect in the end.
As Kassian's Captain Ioannis Liokouras put it recently in a declaration to the court: "During each visit to the southeastern US, I have offered to meet with the probation office in Jacksonville on behalf of Kassian as corporate compliance manager. For reasons which I cannot explain, my offer was never accepted or even acknowledged." Kassian is a convicted environmental-criminal, following a 2007 plea bargain. But as TradeWinds reported last week, the company now finds itself in the remarkable position of trying to get the judge to police it more strictly, complaining to the court that US Department of Justice (DOJ) authorities have paid approximately no attention to its ships' subsequent compliance with emissions regulations.
Those are the same environmental crimes section (ECS) lawyers who have repeatedly claimed that their aggressive policing of shipowners' emissions - and the rich rewards they pay to whistle-blowers - are simply meant to force owners to take their environmental responsibilities seriously.
Nobody doubts that the US has caught a great many polluters over the past few years. But on recent evidence, it appears the DOJ is mostly interested in racking up convictions and can't be bothered to remember the deals it strikes with convicted polluters to encourage their betterment. It takes no pains to learn whether convicts are following up as required.
Three years ago, when Kassian's 71,000-dwt North Princess (built 1996) called at Jacksonville's St Johns River terminal with a load of Colombian coal, US Coast Guard (USCG) officials promptly boarded it and found evidence that someone on the ship had been dumping oily waste and falsifying logbooks to cover this up. A cook and a engine-room wiper working on the North Princess received $230,000 each for their part as whistle-blowers in calling the USCG's attention to pollution in a classic "magic pipe" case.
One junior officer, 28-year-old second engineer Spyridon Markou, pled guilty. So did Kassian. It paid a $1m fine and made a $300,000 contribution to a fund that promotes US environmental restoration.
But when Kassian agreed to plead guilty to the pollution charges, federal prosecutors promised it an early release from its probationary sentence if it implemented and adhered to an environmental compliance plan (ECP).
Now Kassian is in court fighting to be released from probation - even though early release will confer no economic benefits on the owner.
Only pride and recognition.
If the US was serious about encouraging polluting owners to mend their ways, Kassian deserves that recognition - if it has fulfilled its side of the bargain and US prosecutors have offered no evidence that the company's claims are false.
Liokouras, whose role at Kassian would seem to be much more than just that of an operational official checking compliance, decided at an early stage to make rooting out engine-room pollution a company crusade.
For example, Kassian chief engineers are now required to ask permission from headquarters in Athens before putting waste through a ship incinerator or oily-water separtator. They must account for the volumes of waste thus processed and shoreside staff later calculate remaining volumes to make sure the waste bookkeeping is accurate. No law or court order requires that.
But for whatever reasons, DOJ lawyers had already indicated that they would turn thumbs down to Kassian's bid for the promised early release from probation.
Since TradeWinds last reported on the case, US prosecutors John Guard and Joe Poux have filed their formal response to Kassian's application.
It is not going too far to call that document arrogant and disingenuous in its legalism and its avoidance of the substance of Kassian's arguments. For example, in countering Liokouras's claim that he wrote and implemented a compliance plan promptly, distributing it to all the ships in the Kassian fleet and then personally visiting each ship repeatedly over a period of two years to follow up, the US DOJ lawyers seize on the word "implement", saying Kassian's claim to have implemented the plan immediately is a gross overstatement.
Such captious reasoning mocks the seriousness of the long-term undertaking Liokouras describes.
Nor do the US lawyers pay any attention to the two ? independent court-appointed consultants and auditors who had inspected every ship. They both gave rave reviews, calling attention to Kassian's "strong commitment" both shoreside and shipboard to environmental compliance, to Kassian's willingness to go beyond minimum requirements and to the "solid evidence of a commitment to environmental stewardship" that had not been diminished after last year's market downturn.
K the Greek shipowner, like K the surveyor and Josef K the defendant in Kafka's stories The Castle and The Trial, is spending considerable energy seeking vindication from a power both brutal and bumbling - one that oppresses by negligence, meeting all questions and all rational defences not with frank opposition so much as with a killing inability to pay attention.
For a US citizen concerned about his country's reputation for fairness and justice, the US prosecutors' response makes unpleasant reading.
By Bob Rust's Wavelength
Published: 23:00 GMT, 22 Oct 2009 | last updated: 09:05 GMT, 23 Oct 2009

Navios Maritime Holdings Inc. Propose Private Offering of $375 Million Mortgage Notes Due 2017
---PIRAEUS, Greece, Oct. 19 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. (''Navios Holdings") (NYSE: NM) announced today that it and Navios Maritime Finance (US) Inc., its wholly-owned finance subsidiary ("NMF" and, together with Navios Holdings, "Navios") intend to offer through a private placement, subject to market and other conditions, approximately $375 million of first priority ship mortgage notes due 2017 (the ''Notes''). The Notes will be offered and sold in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the ''Securities Act''), and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act.
The Notes to be issued by Navios are expected to be guaranteed by all of the subsidiaries that provide a guarantee of Navios Holdings' existing 9-1/2% senior notes due 2014. The Notes will be secured by first priority ship mortgages on 15 drybulk vessels aggregating approximately 1.1 million deadweight tons owned by certain subsidiary guarantors.
The net proceeds of the offering are intended to be used to repay borrowings under certain of Navios Holdings' existing credit facilities, as well as to provide additional financing to complete the purchase of two new vessels expected to be delivered in late 2009 and early 2010 (which will then become part of the collateral securing the Notes).
The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to or for the benefit of U.S. persons unless so registered except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws in other jurisdictions. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes and the related guarantees, nor shall there by any sale of the Notes and the related guarantees in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offer of the Notes and related guarantees will be made only by means of a private offering memorandum. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Navios junk bond grows
---NAVIOS Maritime Holdings has raised the amount of its new high-yield bond issue to $400M, from the $375M it specified just a few days ago.
Strong investor demand led to the upsizing. The secured notes due 2017 have a coupon (interest rate) of 8.875%, representing a spread of 591 basis points over Treasuries. Yield to investors is 9.125%.
The notes are being secured by mortgages on 15 Navios bulkers totalling 1.1M dwt. Proceeds of the offer, to close 2 November, will be used to repay debt and help finance two newbuildings.
This is the second junk bond of Angeliki Frangou-led Navios, complementing its 2006 issue due 2014.
Source: Fairplay Daily News 23 Oct 2009,

It fell into this trap as a consequence of the deployment of its fleet. Of the total fleet of 13 vessels, seven, including the six newbuilding vessels delivered in 2009, are employed on bareboat charters. Under the PFIC rules, vessels employed on bareboat charters are considered to earn passive income. Consequently, the youngest vessels, which have the highest asset values, contribute heavily to the total assets employed in the production of passive income. Although management intends to take the necessary steps in order to avoid PFIC status for 2010 and future taxable years, which would likely involve expanding the fleet through the purchase of non-passive income producing assets, there can be no assurance that such remedial measures will be effective.
Source:  Marine Money Freshly Minted  Thursday, October 22, 2009  Page 2

A sounder platform for Aegean oil production
--- Greek hopes of viable oil production in its own waters have been revived by a new player that has taken over an existing franchise in the Aegean and is prospecting for new hydrocarbon deposits. Nigel Lowry reports
Nigel Lowry - Friday 23 October 2009
WHEN oil and gas was discovered in the northern Aegean Sea almost four decades ago, experts initially believed that production might reach about 40m barrels.
Furthermore, management found itself at loggerheads with the local workforce as it moved to slash costs to staunch operating losses.
The discovery of the Prinos field, a few miles southeast of the island of Thassos, and the discovery of gas reserves in nearby South Kavala, followed prospecting that Greece encouraged in the wake of the 1973 oil crisis.
But production peaked in 1982 at nearly 10m barrels per year and gradually declined. NAPC decided to leave Greece in 1998, citing not only falling output but the slump in international oil prices and a Greek government ban on exploring its other major concession area east of Thassos.
Since 2007, a new company has emerged as the saviour of Kavala Oil. Aegean Energy merged with the company through buying out 100% of the shares of its major shareholder Eurotech and has since begun to implement a $200m development programme that is continuing.
A holder of degrees in mining and petroleum engineering, Mr Rigas headed a private equity fund before joining Aegean as a founding shareholder.
Partners and fellow directors include Stathis Topouzoglou and Michael Chalkias, both co-founders of established shipping company Prime Marine, which has focused on product tankers and liquefied petroleum gas carriers.
Their private investment in Aegean Energy is said to be entirely independent of the shipping operation.
Another key boost came from an initial $25m project finance for the first phase of development from Standard Chartered Bank, despite the bank not having a direct presence in the Greek market.
Standard Chartered has since contributed a further reserve-based lending facility for the second phase.
What Aegean already did find in place was a serviceable system of three offshore oil platforms, one gas platform and a comprehensive onshore plant with storage, offshore loading, desulphurisation and power-generation facilities.
An energetic period has already seen the face of the Kavala operation transformed. Development of the new Prinos North offshore field began this year and drilling operations on the well, coded PNA-H3, by the imported jack-up rig Energy Exeter were completed during the summer.
A few weeks ago, the company launched the second phase of its drilling programme in the adjacent Epsilon field, backed by a second $50m facility arranged by Standard Chartered.
A first seismic exploration programme conducted in co-operation with the Hellenic Centre of Marine Research and the University of Aarhus was completed in March and the seismic data is still being processed.
The Ministry of Development has already approved the transfer of a 70% participation in the concession licence to explore areas east and west of Thassos Island to an affiliate of Aegean Energy, opening the path to probe areas that have been inactive for the last 25 years.
An environmentally friendly operation is a priority for the company, but Mr Rigas says there have not been any environmental problems since operations began in 1977 and tourism on the island of Thassos nearby has grown successfully without hindrance from the rigs just offshore.

Hellenic Petroleum: Announcement
Energiaki Thessalonikis S.A. owns a 390MW CCGT power plant (in operation) in Thessaloniki, Greece, while Thisvi S.A. owns a 420MW CCGT power plant (under construction) in Thisvi, Greece.
Following the merger and pursuant to the agreement, 21% of Elpedison Power Generation S.A. was transferred by Elpedison B.V. (a 50/50 joint venture between Hellenic Petroleum and Edison) to Hellenic Energy & Development S.A. and Halcor S.A. The consideration amounts to euro 30.7 million. Currently, and in line with the strategic alliance agreement, Elpedison B.V. owns a 75% stake in Elpedison Power Generation S.A., with the remainder owned by Hellenic Energy & Development S.A. (22.5%) and Halcor S.A (2.5%).
In addition, as part of the strategic alliance agreement, Elpedison B.V. founded the company Elpedison Trading S.A., aiming for cross-border power trading, retail sales of electricity in Greece, as well as the provision of energy management services.

Greek Shipping Summit 2009 - World Tanker Forum, 3 November 2009
Managing the downturn and investing for the upturn, and when and how to position for profit are the focus at this year's Greek Shipping Summit - World Tanker forum. The event, to be held November 3 at the Ledra Marriott Hotel, Athens, will take a thorough look at the present situation in the industry, discuss the sector's forecast and the new arising opportunities. With tankers of all types making up about one third of the Greek-controlled fleet and while the expertise of the older generation has laid the foundations, many of the owners now involved in the sector are younger generation players who bring new thinking to their business. With the crisis still unfolding, the summit will be asking if the young Greek tanker owners are making the right decisions.
This year the afternoon session of the summit sees a new format interactive debate involving a panel of high-profile players and delegates focusing on selected questions submitted by conference participants.
Organised by Seatrade and TradeWinds, discussions will be led by personalities including: Richard Fulford-Smith, managing partner, RS Platou LLP; Richard Gilmore, director, Gas Fleet, MaranGas Maritime Inc; Stavros Hatzigrigoris, md, Maran Tankers Management Inc; Demetris Nenes, vp, OceanFreight Inc; Lars Dencker Nielsen, global chartering manager, BP Shipping Ltd; Leon Papitsas, md Atlas Maritime Inc; Denis Petropoulos, joint md, Braemar Seascope Ltd; Ted Petropoulos, md, Petrofin SA; Evangelos Pistiolis, ceo Top Ships Inc; Ugo Salerno, ceo RINA SpA; Tassos Sofos, director, head of Energy & Infrastructure Unit, Kantor Management Consultants; Stavros D Tsolakis, vp DST Shipping Group & visiting professor Singapore Management University; and Harry Vafias, ceo Vafias Group. Further information: E-mail:
The registration fee covers the full Greek Shipping Summit, refreshments and lunch on the day of the conference, the social programme, documentation and access to the speeches. To register go to >
To view Program, go to >
Companies attending GSS 2009 - World Tanker Forum include:
ABS Europe
American Bureau of Shipping
Aries Energy Corporation
Atlas Maritime Ltd
BP Shipping Ltd
Braemar Seascope
DST Shipping Group
Equinox Maritime Ltd
Inchcape Shipping Services
International Registries Inc.
Kantor Management Consultants
Lotus Shipping Company Limited
Maran Gas Maritime Inc
Maran Tankers Management
Marine Plus S.A.
Meandros Lines S.A
Ocean Freight Inc.
Petrofin SA
Phoenix Energy Navigation
PPG Coatings-Services Greece S.A.
RINA Hellas
RS Platou
Ship Equip AS
Springfield Shipping Co. Panama S.A.
Thomas Cooper International
Top Ships Inc
V. Ships Greece Ltd
Vafias Group
Wartsila Greece S.A.

7th Digital Ship Athens conference, 11-12 November 2009
Invitation to register for 7th Digital Ship Athens conference, November 11-12, Glyfada Golf Club, Athens
Learn, meet, discuss and share the latest developments in maritime satellite communications, software, navigation technology - how it can improve safety, efficiency and quality of life - in the pleasant environment of Athens Glyfada Golf Club, about 20 minutes taxi from Athens airport.
Our conference has presentations from Exmar, France Telecom Marine, Athenian Sea Carriers, Gourdomichalis Maritime, Neptune Lines, Samos Steamship, Olympic Shipping, Dorian Hellas, Capital Ship Management.
Talking about their experiences with Inmarsat FleetBroadband and VSAT - using IT to help manage performance - building a safety culture - software for risk management and ensuring business continuity.
The conference has no admission charge for employees of shipping companies - including a taverna dinner sponsored by Inmarsat on November 11th.
You can also learn about condition monitoring and reliability centred monitoring; new ship position technologies which can help reduce fuel consumption and berthing safety; developments with Inmarsat FleetBroadband, collaborative online seafarer training; developments with VSAT; new HF radio service; improving safety management documentation; launch of new web hosted maritime software.
Delegates registered so far include Aegean Bulk, Allseas Marine, Almi Marine Management, Andriaki Shipping, Avin International, Brave Maritime, Centrofin Management Inc, Ceres LNG Services, Chronos Shipping, Ciel Shipmanagement S.A., Danaos Shipping, Dynacom Tankers Management, Eletson Corporation, Eurobulk / Euroseas, Fairsky Shipping and Trading, Franco Compania Naviera, Gulf Marine Management, Helios Shipping, Larus SA, Liquimar Tankers Management, New Kronos Star, Olympic Shipping and Management, OSG Ship Management, Rethymnis & Kulukundis, Samos Steamship
To see the full program, go to >
To register, go to >

Lloyd's List Greek Shipping Awards 2009 - 4 December 2009
The 6th Annual Lloyd's List Greek Shipping Awards & Gala Dinner will take place on Friday December 4, 2009 at the Athenaeum InterContinental, Athens.
Hundreds of key personalities are expected to attend this year's annual presentation dinner that pays tribute to the world's largest shipowning community, their service partners and some of the industry's outstanding achievements during the preceding year.
Based on the selections of a distinguished panel of industry judges, the Greek Shipping Awards offer the chance to highlight some of the year's top performers and finest moments.
Book your table early for the Gala Awards Dinner to ensure you don't miss Greek shipping's 'Dinner of the Year'! We look forward to seeing you for the excitement of the Award presentations on December 4th.
The 2009 judging panel, in alphabetical order:
Dinos Caroussis - Vice-chairman of the Greek Shipping Co-operation Committee, chairman of the UK P&I Club
George Gratsos - President of the Hellenic Chamber of Shipping
Captain John Halas - General Secretary of the Panhellenic Seamens Federation
Nigel Lowry - Athens correspondent of Lloyds List
John Pachoulis - President of the Hellenic Shipbrokers Association
Prof Apostolos Papanikolaou - Director of the Ship Design Laboratory, National Technical University of Athens
Nicky Pappadakis - Chairman of Intercargo
Charlotte Stratos - Senior adviser, Morgan Stanley, Investment Banking Division
Gregory Timagenis - Chairman of NAT, the Seamens Pension Fund
Alex Tourkolias - President of the Association of Banking & Shipping Finance Executives of Hellenic Shipping
Tables of 10 places
Individual places
For priority dinner reservations:Please complete the table booking form and fax to Fax +
Reservation inquiries:
Tel. +