Greek Shipping News Cuts
Week 44 - 2009


Louka Katseli to give keynote speech at Greek Shipping Summit 3 November 2009

---Louka Katseli, Greece's minister of Economy, Competitiveness and Merchant Marine, will deliver a keynote policy speech at the opening of the Greek Shipping Summit 2009. With the general theme: 'Managing the Downturn and Investing for the Upturn: When and how to position for profit', the summit offers the minister of one of the two newly created super-ministries under the incoming socialist Pasok government, an early opportunity to address a gathering of Greek and international shipping people from all spheres of the industry. The event, to be held November 3 at the Ledra Marriott Hotel, Athens, will take a thorough look at the present situation in the tanker and energy industry, discussing forecasts and 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. This session is moderated by Bob Jaques, editor Seatrade and Julian Bray, executive editor, TradeWinds.
Organised by Seatrade and TradeWinds, discussions will be led by personalities including: Philip Embiricos, immediate past president, Bimco; 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; Alexander Papachristidis-Bove, chairman of the board and md, Hellespont Steamship Corp; Leon Patitsas, 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; Tasos Sophos, 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.

Shipowners To Question Crew Regime
---Shipowners will ask from the Greek government freedom in the composition of the crews in domestic navigation or otherwise their ships may not carry the Greek flag anymore.
In a letter addressed to the National Navigation Association, the Association of Navigation Industries warned that unless the regime in Adriatic changes, they will strike the Greek flag from their ships.

Ministry of Finance To Crack Down On Offshores
---Friday, 30 October 2009 - 12:10
The government aims to crack down on offshore companies that help Greek groups to take care of their balance sheets.
According to government sources, the state loses income of over 6 bil. euro every year from the operations of such companies.
Some Greek companies have set up a scheme, where they register transactions with offshores using false tax data, overpricing imports or underpricing exports. In the end, the companies post high costs, thus bringing down profits and taxes.
Apart from the tax benefits, many Greeks resolve to the set up of offshore since it is an easy, quich and cheap procedure.
A special tax agency said that on a total of 15,000 reports for suspicious transactions over the last 12 years, 12,000 of them involved offshore companies.

Greeks look to Qatari LNG
---26 Oct 2009. Q-MAX ships from Qatar would soon be able to berth and discharge at the LNG import terminal of the Greek company DEPA, a source at the gas monopoly has told Fairplay.

Chinese buy up more ships in 2009 than the Greeks - Mr David Glass
---Monday, 26 Oct 2009. According to Mr David Glass Seatrade Greek editor, earlier this year Chinese owners are ramping up tonnage to such an extent that they are surpassing their Greek counterparts for the first time this year.
Piraeus shipbroker N Cotzias latest figures show that during the first nine months of the year the Chinese acquired a total of 202 second hand ships, costing USD 2.7 billion. While the Greeks spent more USD 3.4 billion they have bought just 173 ships in the fist three quarters of 2009. 192 of the Chinese ships bought were dry bulk carriers.
On an international level, a total of 837 ships have been traded with their aggregate value standing at USD 11.6 billion when during the whole of 2008 and despite a very low activity Q4 a total of USD 30.2 billion had been invested in the second hand market. (Sourced from

Greek ships still rule the waves
---30 October 2009
Greek oceangoing shipping has maintained its leading role in the world despite the international credit crunch, which has had a negative impact on the implementation of plans by many companies, an Alpha Bank report suggested yesterday.
The Greek-owned fleet accounted for 15.2 percent of global capacity for vessels over 1,000 dead-weight tons (dwt) in February. The total Greek-owned capacity amounted to 263.6 million dwt, with 4,161 ships. This includes 1,072 ships that are still under construction which have a total capacity of 53.4 million dwt.
The average age of the Greek-flagged fleet is 11.9 years, compared to the global average age of 12.9 years.

First Greek P&I Club opens for business
---Nigel Lowry - Friday 30 October 2009
The Hellenic Mutual P&I and War Risks Association was recently granted a license by Greek regulators and said it would commence trading for war risks business as of November 1.
For a long time Greek regulations barred the creation of such a club but two years ago the law changed to allow mutual marine insurance undertakings to operate with limited rather than personal liability.
The next problem to be faced is meeting regulatory requirements on solvency, Mr Velliades said.
The club has reportedly lined up a comprehensive reinsurance programme, placed by leading Lloyd's brokers in Lloyd's and the companies market and will be able to offer up to $1bn of cover.
Initially the focus will be on passenger ships, ferries and dry cargo ships up to 20,000 gt, owned and operated by Greek shipowners, Mr Velliades said.
It is understood that cover of up to $100m can be provided per vessel for war risks on hull & machinery, loss of hire, crew liabilities, war P&I and oil pollution, with kidnap and ransom cover available at extra premium.
The mutual will be governed by board of 12 shipowners, who have so far not been named, and there will be a three-member supervisory board.
Mr Velliades said Aigaion had the know-how to launch a viable P&I club after successfully offering a fixed premium P&I facility and war cover for the last four years.
The club did not want to rely on investments to break even but to correctly rate business, and minimise operating expenses, which are projected to be as little as 20% of the management fees paid by the bigger London clubs.
On the war-risks side, the club will compete with the long-established Hellenic Mutual War Risks Association.
He voiced the hope that the new Greek government would enforce requirements for all passenger vessels and other tonnage in Greek waters to carry proper liability insurance.

Managing changes and taking advantage of new conditions
--- The negative impact of the international credit crunch has failed to topple Greek oceangoing shipping from its leading role, though the plans of many shipping companies have been stifled.
Still, Alpha Bank, a leading lender to shipping, says Greek shipowners seem to have satisfactory levels of liquidity, compared to their European counterparts. Alpha says: "Shipowners have in the past proven their ability to manage their companies in difficult circumstances and expoit them to their benefit, in order to better position themselves for the next upward cycle of the shipping industry. Tradition is a tool of survival, managing changes and taking advantage of new conditions."
Alpha Bank is the third largest domestic lender to shipping, with a portfolio of over $2.7bn, and the nineth ranked overall among lenders to Greek shipping.
According to a report by the bank released October 29, shipping's contribution to the Greek economy is solely responsible for bolstering the country's purchasing power by 4.1%. Alpha says the country ranks second in the European Union for 2007 as far as net inflow per citizen from shipping, amounting to Euros 916, second only to Denmark's Euros 1,120. In 2007 income from shipping added Euro 16.939bn to the national coffers. In 2008 the Bank of Greece reported inflows from shipping topped Euro 19.1bn.
The bank notes shipping activities accounted for 4.4% of Greece's GDP during 2008. The industry currently is responsible for 30,000 job positions, either directly or indirectly related to the sector. The Greek-owned fleet stands around at 4,200 ships, with a carrying capacity of near 240m dwt, or around 15.2% of the global fleet's capacity. Some 1,100 vessels are new buildings. Half of the fleet comprises dry bulk carriers, with crude oil tankers making up for 35% of it, or 21.7% in global market share. Average age of the fleet at 11.9 years, compared to 12.9 years of the global fleet, is almost half the 20.3 years at the millennium.
Alpha Bank says Greece can increase its earnings from shipping by taking advantage of its leading role in international sea transportation and its strategic position in the centre of the Mediterranean Sea. But, notes the bank, these two sectors have significantly lost their edge, as a result of troubled worker relations. Further, it says the country must attract more young people to the maritime profession, by improving and renewing educational infrastructure.
"Today, graduates from the marine academies are not enough to support the demand of shipowners," says the bank.
-- Filed: 2009-10-30

Push to link Vafias with Brave Bulk
---Creditors are prepared to go after the Vafias family over sums owed on forward-freight agreements.
Creditors of Brave Bulk Transport (BBT) are mounting a renewed effort to connect the Hong Kong-based company with its former owners, Greece's Vafias family.
Vafias family-controlled dry-bulk entity Brave Maritime has finally been dissolved and its former chartering manager, George Leventis, is now pursuing new opportunities. This follows the departure of the Vafias family from the dry-bulk sector late last year and the sale of its remaining interest in dry-bulk operator BBT to Vinos Kumar-led Kumar Group of India, which Trade-Winds reported in November 2008.
But documents from legal proceedings in London show that key Vafias Group officials George Leventis and Pantelis Vetsikas were involved in negotiating and paying the settlement of BBT's forward-freight agreements (FFAs) until as recently as August.
Leventis and Athens shipowner Harry Vafias both confirm that Leventis was involved, although their explanations differ in some important respects. Vafias says Leventis was acting independently.
"When you're a partner of someone for many years and then you're not a partner and they ask you a favour and offer a commision - what is the weird thing?" Vafias said. "I guess he got a good commission out of it," he added.
But Leventis tells TradeWinds that he earned no commissions and was acting under an agreement between Vafias-controlled Brave Maritime and BBT. Leventis also reveals that in order to settle a commission dispute between Ifchor and BBT over a contract with AWB, he took money out of his own personal savings to pay the commissions on BBT's behalf.
"I have no idea if they will pay me back or not," Leventis told TradeWinds.
The veteran chartering man expressed regret when TradeWinds passed on the news that his former employer, Brave Maritime, no longer exists.
But shipowner Harry Vafias explains it as a logical step. Brave Maritime, as a management company for bulkers, had no remaining business after November 2008, when its last managed bulker was sold.
But when asked what duties chartering man Leventis had at Brave Maritime from then until 31 August 2009, when he resigned, Vafias responded: "I don't have to answer this question." Vafias vehemently rejects suggestions that his family and its companies have any remaining exposure to the FFA disputes or to BBT.
"It's very easy to make allegations, very hard to prove them," he said. "Transfield will have the problem and not us." Characterising the position of those who would try to connect BBT with his family's companies as "stupid", he asked rhetorically: "Did Transfield have a corporate guarantee from Brave Maritime or any other company associated with my family?" He also underscores that "Vafias Group" is not the name of a legal entity. "People use it meaning the companies connected with our family," he said.
TradeWinds understands that Hong Kong's Transfield ER Futures Ltd, Greece's Primera and Australia's AWB are among several parties with ongoing FFA counterparty links to BBT.
Officials at London's High Court confirm to TradeWinds that Transfield is currently engaged in litigation against BBT. Primera officials in Greece decline to comment on the status of a parallel dispute with BBT. Both Transfield and Primera initiated maritime-attachment proceedings against BBT in March of this year in New York, each with claims of over $7m, but the status of those claims is unclear.
By Bob Rust Stamford
Published: 00:00 GMT, 30 Oct 2009 | last updated: 11:13 GMT, 30 Oct 2009

New shipping partners for Ince and Co in Dubai and Piraeus
---Oct 27, 2009. Ince and Co's teams in Dubai and Piraeus have each been supplemented with the arrival of a senior shipping partner from London. Graham Crane has transferred from London to Dubai, whilst Nick Shepherd has moved from London to Piraeus.
Graham joined the firm as a partner in 2001, bringing over 20 years' experience as a specialist shipping partner. Nick has spent the last decade in Ince's London office and is now returning to Piraeus, where he spent five years as a partner in the 1990s. Both have a number of significant international shipping clients.
Senior partner James Wilson, said: "These moves are taking place as a result of the expansion of our global shipping practice. Graham and Nick will continue to work with international clients from their new locations and will help extend our business reach in the Gulf, India and the Eastern Mediterranean region."
Welcoming Graham to Dubai, Managing Partner Bob Deering, who set up the office in 2006, said, "We are very pleased to have Graham on board. His arrival boosts further the breadth and depth of the shipping expertise located at Ince & Co in Dubai."
Jon Elvey, Managing Partner of Ince & Co in Piraeus commented, "Nick was a mainstay of our Piraeus office back in the '90s. He is known and respected throughout the Greek shipping community. We are delighted he is returning after 10 years in London. Added to the arrival of our Greek law team at the beginning of the year, we now have five partners advising clients on a wide range of contentious and non-contentious matters."

Aries Maritime Transport Limited Regains Compliance with NASDAQ Closing Bid Price Requirement
---ATHENS, Greece, Oct 26, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) (the "Company") announced that it received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5450 (a)(1), as its common stock has achieved a closing bid-price of $1.00 or more for 10 consecutive business days, and that this matter is now closed.
On September 16, 2009, NASDAQ notified the Company that its common stock had fallen out of compliance with one of its standards for continued listing on the NASDAQ Global Market because the common stock failed to achieve at least a $1.00 closing bid price for 30 consecutive business days. The Company had been granted a grace period of 180 calendar days in which to regain compliance.
About Aries Maritime Transport Limited
Aries Maritime Transport Limited is an international shipping company that owns and operates products tankers, container vessels and drybulk carriers. For more information please visit our website at
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from results expressed or implied by this press release. Actual results may differ Aries undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations
CJP Communications
Laura Kowalcyk
+1 212 279 3115 (x209)
SOURCE Aries Maritime Transport Limited
Copyright (C) 2009 PR Newswire. All rights reserved

DryShips Inc. Reports Financial and Operating Results for 3Q Ended September 30, 2009
---October 26, 2009, Athens, Greece. DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and offshore oil deep water drilling, today announced its unaudited financial and operating results for the third quarter and nine month period ended September 30, 2009.
Third Quarter 2009 Financial Highlights
o Basic earnings per share for the third quarter of 2009 include a non-cash accrual for the cumulative dividends on the Series A Convertible Preferred Stock, amounting to $4.0 million, which reduces the income available to common shareholders (basic earnings per share is calculated as net income less accrued dividends on preferred stock divided by weighted average number of common shares outstanding).
The Leiv Eiriksson is expected to complete its assignment with Shell in the North Sea during October and commence mobilization for drilling operations in the Black Sea under a 3-year contract for Petrobras.
Most economic indicators for the world economy seem to indicate the end of the recession and we are also seeing the signs of recovery from countries besides China and India. The stimulus plan implemented by the Chinese government earlier in the year has by no means played itself out, as the majority of this money went to infrastructure development which is medium to long term projects. While drybulk shipping demand is projected to remain strong for the coming years, the large orderbook remains a cause for concern, especially for 2010. Actual deliveries in the first nine months of 2009 were much smaller than were anticipated at the beginning of the year and offer some hope that cancellations and delays will alleviate the projected oversupply.
Financial Review: 2009 Third Quarter
The Company recorded a net profit of $35.6 million, or $0.12 basic and diluted profit per share for the three-month period ended September 30, 2009, as compared to a net profit of $180.0 million, or $4.13 basic and diluted earnings per share for the three-month period ended September 30, 2008.
EBITDA, which is defined and reconciled later in this press release, was $104.8 million for the third quarter of 2009 as compared to $258.5 million for the same period in 2008.
Basic earnings per share for the third quarter of 2009 include a non-cash accrual for the cumulative dividends on the Series A Convertible Preferred Stock, amounting to $4.0 million, which reduces the income available to common shareholders.
For the drybulk carrier segment, net voyage revenues (voyage revenues minus voyage expenses) decreased by $113.4 million to $114.8 million for the three-month period ended September 30, 2009, as compared to $228.2 million for the three-month period ended September 30, 2008. The decrease is attributable to the substantially lower freight market during the third quarter of 2009 as compared to the third quarter of 2008. For the offshore drilling segment, revenues from drilling contracts amounted to $107.6 million for the three-month period ended September 30, 2009 as compared to $88.1 for the same period in 2008.
Total vessel and rig operating expenses and total depreciation and amortization decreased to $56.2 million and $49.4 million, respectively, for the three-month period ended September 30, 2009 from $58.3 million and $50.4 million, respectively, for the three-month period ended September 30, 2008.
Total general and administrative expenses decreased to $22.9 million from $27.8 million during the comparative periods.
Interest and finance costs net of interest income decreased to $16.3 million for the three-month period ended September 30, 2009, compared to $27.4 million for the three-month period ended September 30, 2008. This decrease is primarily attributable to decreased average interest rate levels during the three-month period ended September 30, 2009, as compared to the same period in 2008.
For press Release in full go to >

Hellenic Carriers Limited: Directorate Change
Dimitris Sfakianakis is resigning from the post of Chief Financial Officer upon expiry of his two-year contract and stepping down as a Director of the Company with effect from October 31st 2009.
The Board thanks Mr. Sfakianakis for his contribution to the Company since its admission on AIM in 2007 and wishes him well in his future career.
Mrs. Kyriakopoulou, 36, has been acting as Financial Reporting Manager of the Company since January 2008. Prior to joining the Company, she worked with Ernst & Young Hellas since May 2001 initially as Senior Auditor and then as Manager.
Mrs. Kyriakopoulou currently holds 2,000 ordinary shares in the Company. There is no further information to be disclosed in accordance with Schedule 2 (g) of the AIM Rules.
For further information please contact:Hellenic Carriers Limited
Fotini Karamanlis, Chief Executive Officer
E-mail: +30 210 455 8900

Long term charters help Capital weather the storm
---(Oct 30 2009). Capital Product Partners net income for the 3Q09, was $7.1 mill or $0.28 per limited partnership unit - $0.04 less than the $0.32 per unit from the previous quarter and $0.34 lower than the third quarter last year.
This drop compared to last year is primarily due to the absence of profit sharing revenues and higher interest expenses, the company said.
Operating surplus for the 3Q09 was $10.7 mill, less than the $11.5 mill seen in the second quarter of 2009 and lower than the $18.7 mill reported in 3Q08.
Revenues for the 3Q09 were $30.5 mill compared to $36 mill in the third quarter of 2008.
There were no profit sharing revenues in the 3Q09 due to the depressed spot market for both product and crude tankers throughout this period.
Total operating expenses for 3Q09 were $15.3 mill, including $7.2 mill paid to a subsidiary of Capital Maritime & Trading Corp the partnership's sponsor, for the commercial and technical management of the fleet, $7 mill in depreciation and $0.8 mill in general and administrative expenses, compared to $13.9 mill for 3Q08.
Tanker freight rates continued to come under pressure during 3Q09 reaching multi-year lows in certain segments. Refinery utilisation remains depressed as a result of the lower demand for refined products on either side of the Atlantic, which has negatively affected the demand for product tankers.
The increase in the availability of spot tonnage and rising bunker prices had a further adverse affect on MR tanker spot earnings marking the worst third quarter since 1992, according to industry data.
The Suezmax spot market showed pockets of strength over 3Q09 compared to other tanker sectors on the back of exports from former Soviet Union countries, but earnings still dropped to their lowest level for the quarter since 2002 as erratic exports out of Nigeria and decreased refinery utilisation weighed heavily on earnings.
Ioannis Lazaridis, CEO and CFO, said: "As a result of our long term chartering strategy, which has insulated us from one of the most depressed tanker spot markets of the last two decades, our results for the third quarter were sustained at levels substantially above those indicated by the currently prevailing spot market tanker charter rates."
Lazaridis continued: "The tanker industry continues to face an adverse trade environment alongside a continuously tightening credit market neither of which shows any signs of near term improvement. The depressed spot tanker market, the potential vessel deliveries for the remainder of this year and for 2010 and the outlook for global oil demand in 2009, which remains weak (expected to drop by 1.9% or -1.7 mb/d versus 2008 according to IEA), are all factors likely to have a further adverse effect on tanker vessel prices and period rates in the short-to medium-term.

US-listed owners buffeted by tax issues
---TAX PRESSURES now confronting TBS International and Top Ships have brought several issues for shipping at large into the spotlight.
Levin recently revealed that he will seek to attach his bill as an amendment to the major healthcare reform bill, to help bankroll health services with new taxes on foreign corporations.
The brewing tax-haven exodus goes beyond US-managed and -controlled entities, she added, because European governments are likewise eyeing reform.
Top Ships, which is also listed on NASDAQ, conceded last week that its bareboat-charter percentage will push it into PFIC status.
Any change in the IRS stance on PFICs could have a significant effect on US publicly-listed shipping entities, due to their substantial income and assets tied to chartering.
Source: Fairplay International Shipping Weekly - Newswatch 29 Oct 2009

Cyprus business teams short-listed for Stelios Philanthropic Foundation award
---Lucie Robson in Nicosia - 30.10.2009
Sir Stelios Haji-Ioannou, founder of easyGroup, has short-listed nine Greek-Cypriot and Turkish-Cypriot business partnerships in the newly launched Stelios Award for Business Cooperation in Cyprus .
The contest aims to promote island-wide, bi-communal cooperation among entrepreneurs by offering funds to promising ventures, aiding their growth, the Philanthropic Foundation said in a statement.
Peace talks are underway in Cyprus, which is divided into the Greek-Cypriot community in the south, or the Republic of Cyprus, and the Turkish-Cypriot community in the north.
Turkish troops have remained in the north since a 1974 invasion by Ankara, triggered by a Greek dictatorship-inspired coup.

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. +