News in English
Honoring Dr. Nikolas P. Tsakos for His Distinguished Recognition
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 04 Νοεμβρίου 2025 07:12
The Tsakos Group proudly celebrates the distinction bestowed upon Dr Nikolas P. Tsakos at this year’s Chrysanthemum Ball, one of the most distinguished and historic events of the Greek Orthodox Archdiocese of America.
This year’s event carried special significance, being dedicated to the memory of Maria P. Tsakos, whose legacy continues to inspire and guide the Group’s enduring commitment to philanthropy and social contribution.
Dr. N.P. Tsakos was honoured for his lifelong contribution to the Church, education, public benefit and Hellenism, values that are deeply embedded in the Tsakos Group’s identity. The event brought together prominent members of the Greek-American community in a shared celebration of heritage, unity, and service.
For more than six decades, the Chrysanthemum Ball has symbolized continuity, solidarity and generosity, reminding us that true success is not only measured by achievement, but by the spirit of giving back.
In tribute to Maria P. Tsakos.
ABS and Siemens to Advance Digitalization in Shipbuilding
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 04 Νοεμβρίου 2025 07:06
ABS and Siemens Digital Industries Software (DISW) have signed a memorandum of understanding to accelerate the digital transformation of maritime classification processes across ship design and construction. The collaboration will also advance product lifecycle management (PLM) technology to enhance efficiency, data integrity and regulatory compliance throughout the vessel life cycle.
The MOU establishes a framework for both organizations to collaborate on projects such as Class Rule application during 3D design, model-based verification and digital twin integration, secure data exchange between ship designers and Class along with joint research projects and workshops.
The agreement will leverage the ABS PLM platform, ABS Freedom™, and Siemens DISW’s Xcelerator platform to align with maritime regulations, specifically targeting its digital twin and simulation capabilities for compliance and classification in the marine sector.
“As a global leader in maritime classification services, ABS is proud to join forces with Siemens, a world leader in AI-powered PLM software, to develop collaborative interfaces that use enhanced data-driven tools for design decision making and digitally streamline our Class operations,” said Patrick Ryan, ABS Senior Vice President and Chief Technology Officer.
“As the classification process is an integral part of ship design and building workflow, we understand the high importance of it. That is why we are delighted to sign an MOU with ABS to explore and establish a strategic collaboration aimed at accelerating and adapting the digital transformation of maritime classification processes,” said Joe Bohman, Executive Vice President, PLM Products, Siemens Digital Industries Software.
To learn more about ABS’s industry-leading technology advancements support digital transformation across the maritime life cycle here.
Photo caption (L to R): SeMin Kim (ABS – Senior Manager, Business Development); Suah Lee (Siemens Korea - Director, Business Strategy); KwangNam Jung (ABS – Director, Business Development); Patrick Ryan (ABS – Senior Vice President and Chief Technology Officer); Joe Bohman (Siemens - EVP); Dmitriy Ponkratov (Siemens - Director, Marine); ByungJoon Oh (Siemens Korea - Country Manager); MinGi Kim (Siemens Korea - Enterprise Sales Manager).
Washington and Beijing have hit the pause button
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 03 Νοεμβρίου 2025 20:10
Washington and Beijing have hit the pause button. After six bruising months of tariff trench warfare, Trump and Xi agreed to a one-year truce that suspends China's rare-earth export curbs, cuts the U.S. "fentanyl tariff" from 20% to 10%, and freezes all port fees on each other's shipping and shipbuilding industries.
IBIA partners with INTERCARGO to strengthen collaboration on decarbonisation, safety, and marine fuels
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 03 Νοεμβρίου 2025 13:55
IBIA – The International Bunker Industry Association and the International Association of Dry Cargo Shipowners (INTERCARGO) have entered into a reciprocal membership agreement to reinforce collaboration between the dry bulk shipping and marine fuels communities.
Steady as She Goes: The Dry Bulk Market Holds Its Course Through Shifting Tides
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 03 Νοεμβρίου 2025 08:39
By Iakovos (Jack) ArchontakisDr. Fotios-Evangelos Karlis
Maritime Executive & Shipping Consultant
Calm Seas or Hidden Currents? The Handysize & Ultramax Market Navigates a Delicate Balance
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 03 Νοεμβρίου 2025 07:04
By Iakovos (Jack) Archontakis
Senior Maritime Strategy Consultant – Chartering Executive & Commercial Director, TMC SHIPPING
The winds that once filled the sails of the geared bulk market have eased. As October draws to a close, Handysize and Ultramax players find themselves steering through calmer waters — not becalmed, yet no longer driven by the strong tailwinds of early autumn.
Statement from ICS following reports of a suspension of the recently imposed Section 301 port fees
- Λεπτομέρειες
- Δημοσιεύτηκε στις Παρασκευή, 31 Οκτωβρίου 2025 19:18
ICS welcomes the agreement that appears to have been made between President Trump of the United States and President Xi Jinping of China. ICS has been involved in consultations with the United States Trade Representative (USTR) since the beginning of the Section 301 investigation, and the government of China, and we look forward to receiving confirmation on these reports and further details.
